Archive for February, 2015

Iraq to boost southern oil storage to 15 mln bbls by end-2015

From Zawya

BAGHDAD, Feb 19 (Reuters) – Iraq plans to increase its southern oil storage capacity to 15 million barrels by the end of 2015, to help cope with export bottlenecks caused by bad weather and to absorb rising production, …

February 20, 2015 - 6:53 pm Energy News

UGI asks Easton customers to continue natural gas conservation

From LeHigh Valley Live

UGI Utilities Inc. asks customers in Easton tocontinue to conserve natural gas as frigid temperatures are expected to last into Saturday, according to a news release early Friday afternoon.

If you live within Easton’s city …

February 20, 2015 - 6:51 pm Energy News

Talisman shareholders approve $8.3 billion Repsol buy

From Petro Global News

Talisman Energy shareholders approved an $8.3 billion acquisition offer from Spain’s Repsol Thursday, moving the deal one step closer to closing.

Alberta-based Talisman said 99 percent of shareholders in each class voted in favor of the …

February 20, 2015 - 6:49 pm Uncategorized

Range Resources Closed OKC Office, Moves 30 Jobs to Ft. Worth

From Dallas Business Journal

Fort Worth-based Range Resources Corp. (NYSE: RRC) will close its Oklahoma City office and move about 30 jobs to Fort Worth. Another 60 workers will be laid off.

The oil and natural gas producer closed the …

February 20, 2015 - 6:45 pm Energy News
Keystone XL Will Be Signed Before Obama Exits Office: Petrie

Keystone XL Will Be Signed Before Obama Exits Office: Petrie

Tom Petrie Expresses Optimism at EnerCom’s The Oil & Service Conference™ 13

Tom Petrie presented at EnerCom’s The Oil & Service Conference™ this week, sharing his insight on a variety of topics concerning the oil and gas industry. Mr. Petrie …

February 20, 2015 - 5:58 pm Oil and Gas 360 Articles, TOSC13
Cabot Oil & Gas Banks on Low-Cost Operations, High-Return Marcellus Wells in Q4’14 Earnings

Cabot Oil & Gas Banks on Low-Cost Operations, High-Return Marcellus Wells in Q4’14 Earnings

Cabot Oil & Gas (ticker: COG), a large-cap E&P with operations in the Marcellus and Eagle Ford shales, reported company records for production and net income excluding selected items in its year-end 2014 earnings release. Full-year production in 2014 was …

Enviro Group Sues U.S. Interior Department for Oil & Gas Development Offshore California

Enviro Group Sues U.S. Interior Department for Oil & Gas Development Offshore California

CAFederalOffshoreFieldsThe Center for Biological Diversity filed a lawsuit against the United States Interior Department on February 19, 2015, alleging the violation of three federal laws for oil and gas development offshore California. The results from the lawsuit could potentially affect …

February 20, 2015 - 4:42 pm Oil and Gas 360 Articles, Politics & Opinions, Regulatory
Rig Count Shows Smallest Weekly Decline of the Year

Rig Count Shows Smallest Weekly Decline of the Year

Rig count for the week ended February 20, 2015

The Baker Hughes rig count for the week ended February 20, 2015, shows that a further 48 rigs were laid down since the previous week. The United States total rig count …

February 20, 2015 - 4:19 pm Oil and Gas 360 Articles
Natural Gas Inventory Exceeds Five-Year Average for First Time since 2013: EIA

Natural Gas Inventory Exceeds Five-Year Average for First Time since 2013: EIA

Working natural gas storage has surpassed five-year average levels for the first time in more than a year, reports the Energy Information Administration (EIA). At 2,157 Bcf as of February 13, stocks are 58 Bcf greater than the five-year average.…

February 20, 2015 - 2:07 pm Oil and Gas 360 Articles
Demand for Saudi Crude Fell 5% Worldwide in 2014

Demand for Saudi Crude Fell 5% Worldwide in 2014

China Demand Off 8%

Saudi Arabia shipped 5.7% less oil overseas last year led by a decline in China, its biggest customer in Asia, reports Bloomberg. The data, which was provided by Joint Organization Data Initiative, showed that shipments …

February 20, 2015 - 11:55 am International, Oil and Gas 360 Articles

Freeport-McMoRan Announces 75MMcf/day Successful Production Test Prior to Placing Highlander Well on Production

Freeport-McMoRan Announces 75MMcf/day Successful Production Test Prior to Placing Highlander Well on Production

February 20, 2015 - 11:30 am 360 Company Releases
EnerCom’s The Oil & Services Conference™ 13 – Day One

EnerCom’s The Oil & Services Conference™ 13 – Day One

EnerCom’s The Oil & Services Conference™ 13 on February 18 -19, 2015, provided hundreds of investment professionals the opportunity to listen to the world’s key oil and gas E&P/OilService management teams present their 2015 growth plans, and address important energy …

February 20, 2015 - 9:00 am Oil and Gas 360 Articles, TOSC13

Magnum Hunter Resources Completes Testing of New Wells on WVDNR Pad Located in Wetzel County, West Virginia

Magnum Hunter Resources Completes Testing of New Wells on WVDNR Pad Located in Wetzel County, West Virginia

February 20, 2015 - 7:00 am 360 Company Releases

Day Two – Breakout Notes from EnerCom’s The Oil & Services Conference™ 13

EnerCom’s The Oil & Services Conference™ 13 on February 18 -19, 2015, provided more than 350 investment professionals the opportunity to listen to the world’s key oil and gas E&P/OilService management teams present their 2015 growth plans, and address important …

February 19, 2015 - 7:08 pm TOSC13

PEMEX, Sempra LNG And IEnova Sign Memorandum Of Understanding For Developing Natural Gas Liquefaction Facilities In Mexico

SAN DIEGO, Feb. 19, 2015 /PRNewswire/ — Sempra Energy (SRE) today announced that its IEnova and Sempra LNG units have signed a Memorandum of Understanding (MOU) with a subsidiary of PEMEX, Mexico’s state-owned petroleum company, for the cooperation …

February 19, 2015 - 7:02 pm Energy News

Oceaneering Announces the Appointment of Rod Larson as President and Chief Operating Officer

HOUSTON, Feb. 19, 2015 /PRNewswire/ — Oceaneering International, Inc. (OII) announced that its Board of Directors, on February 19, 2015, appointed Roderick A. Larson, 48, as President and Chief Operating Officer of Oceaneering.

Mr. Larson has been with …

February 19, 2015 - 7:00 pm Energy News

Strategic Oil & Gas Ltd. Provides Operations Update

CALGARY, ALBERTA–(Marketwired – Feb 19, 2015) – Strategic Oil & Gas Ltd. (“Strategic”, or the “Company”) (TSX VENTURE:SOG) announces that, in response to the recent downturn in commodity prices, the Company has made several changes to its cost structure and

February 19, 2015 - 6:59 pm Energy News

Breitling Energy Announces Completion Operations on Hankamer #1 Well in Texas

DALLAS–(BUSINESS WIRE)–

Breitling Energy Corporation (BECC) (the “Company”) announces the completion phase on the Hankamer #1 in Newton County, Texas, operated by Seely Oil. At least two Yegua sections will be perforated and tested. Log analysis and sidewall …

February 19, 2015 - 6:57 pm Energy News
Natural Gas Roundup for the Week Ended February 13, 2015

Natural Gas Roundup for the Week Ended February 13, 2015

NATURAL GAS INVENTORY (Week Ended 2/13/15)roundup2

Current: 2,157 Bcf

Actual Injection/(Withdrawal): (111) Bcf

Economist Average Estimate: (109) Bcf

Previous: 2,268 Bcf

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.…

February 19, 2015 - 6:53 pm Commodity Pricing, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended February 13, 2015

Crude Oil Cuttings for the Week Ended February 13, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 2/13/15)

Current: 425,644

Actual Build/(Withdrawal): 7,716

Economist Average Estimate: 3,050

Previous: 417,928

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports.

Important disclosures: The …

February 19, 2015 - 6:49 pm Commodity Pricing, Oil and Gas 360 Articles

Miller Energy Resources Presents at EnerCom’s The Oil & Services Conference™ 13

Carl Geisler, Chief Executive Officer, and Scott Boruff, Chairman of Miller Energy Resources (NYSE: MILL), presented today at EnerCom’s The Oil & Services Conference™ 13. Miller Energy Resources, Inc. is a domestic oil and natural gas exploration and production focused …

February 19, 2015 - 6:41 pm TOSC13

Synergy Resources Presents at EnerCom’s The Oil & Services Conference™ 13

Jon Kruljac and Craig Rasmuson of Synergy Resources (NYSE MKT: SYRG), presented today at EnerCom’s The Oil & Services Conference™ 13. Synergy Resources Corporation is a domestic oil and natural gas exploration and production company. Synergy’s core area of operations …

February 19, 2015 - 6:36 pm Uncategorized
EnerCom’s The Oil & Services Conference™ 13 – Day Two

EnerCom’s The Oil & Services Conference™ 13 – Day Two

EnerCom’s The Oil & Services Conference™ 13 on February 18 -19, 2015, provided hundreds of investment professionals the opportunity to listen to the world’s key oil and gas E&P/OilService management teams present their 2015 growth plans, and address important energy …

February 19, 2015 - 6:29 pm Oil and Gas 360 Articles, TOSC13

Panhandle Oil & Gas Inc. Presents at EnerCom’s The Oil & Services Conference™ 13

Michael Coffman, Chief Executive Officer, and Paul Blanchard, Chief Operating Officer of Panhandle Oil & Gas (NYSE: PHX), presented today at EnerCom’s The Oil & Services Conference™ 13. Panhandle Oil and Gas Inc. is engaged in the exploration and production …

February 19, 2015 - 5:57 pm TOSC13

Contango Oil & Gas Presents at EnerCom’s The Oil & Services Conference™ 13

Allan Keel, Chief Executive Officer, and Joe Grady, Chief Financial Officer of  Contango Oil and Gas (NYSE MKT: MCF) presented today at EnerCom’s The Oil & Services Conference™ 13. Contango Oil & Gas Company is a Houston, Texas based, independent …

February 19, 2015 - 5:27 pm TOSC13

Unit Corporation Presents at EnerCom’s The Oil & Services Conference™ 13

Larry Pinkston, Chief Executive Officer of Unit Corporation (NYSE: UNT), presented today at EnerCom’s The Oil & Services Conference™ 13. Unit Corporation is a Tulsa-based, publicly held energy company engaged through its subsidiaries in oil and natural gas exploration, production, …

February 19, 2015 - 5:22 pm TOSC13

Flotek Industries Presents at EnerCom’s The Oil & Services Conference™ 13

John Chisholm, Chief Executive Officer of Flotek Industries (NYSE: FTK), presented today at EnerCom’s The Oil & Services Conference™ 13. Flotek is a global developer and distributor of a portfolio of innovative oilfield technologies, including specialty chemicals and down-hole drilling …

February 19, 2015 - 5:13 pm TOSC13

Integrated Environmental Technologies Presents at EnerCom’s The Oil & Services Conference™ 13

David LaVance, Chief Executive Officer of Integrated Environmental Technologies (OTC: IEVM), presented today at EnerCom’s The Oil & Services Conference™ 13. IET is a life sciences company focused on providing smart solutions to America’s most pressing environmental and health problems. …

February 19, 2015 - 5:07 pm TOSC13

Strategic Oil & Gas Ltd. Provides Operations Update

Strategic Oil & Gas Ltd. Provides Operations Update

February 19, 2015 - 4:58 pm 360 Company Releases
Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Bipartisan Movement Towards Stronger Energy Ties with Mexico

Twenty Senators ask Congress to authorize more trade with Mexico

Senator Lisa Murkowski (R-AL) and 19 other senators asked Commerce Secretary Penny Pritzker to authorize the export of oil to Mexico in a letter this week. Murkowski said in …

February 19, 2015 - 4:23 pm Oil and Gas 360 Articles, Regulatory