Bobby F. (Bob) Weatherly Retires from Callon Petroleum Company
February 13, 2015
Bobby F. (Bob) Weatherly Retires from Callon Petroleum Company
Exclusive: Exxon wants five-year Beaumont pact to avert strikes during buildout – sources
February 12, 2015
Story by Reuters Exxon Mobil Corp’s (XOM) push to persuade workers at its Beaumont, Texas refinery to sign a five-year contract, nearly twice as long as the last one, is part of an effort to avert labor stoppages during a possible expansion that could make it the largest such plant in the United States, sources familiar with refinery operations said.
Chief Economist, Michael Carey, Interviewed on Oil & Gas 360 “TOP MINDS IN THE BUSINESS”
February 12, 2015
View PDF of Slides – Download the Source Video File If you glance through both recent and past editions of Bloomberg’s Analyst Rankings, a familiar name appears on many of the lists. Michael Carey, Chief Economist (North America) for Credit Agricole Corporate and Investment Bank, is recognized by Bloomberg as one of the top macroeconomic forecasters and is the second-best forecaster of
Evolution Petroleum Provides Further Detail on Operating Results for Second Quarter of Fiscal 2015
February 12, 2015
Evolution Petroleum Corporation (NYSE MKT: EPM) today reported additional detail regarding operating results for the quarter ended December 31, 2014. Dividend on Common Stock Last week we declared a quarterly cash dividend payable to common stock at the end of March 2015 in the amount of $0.05 per share. When the board of directors first adopted payment of cash dividends
New Colorado Fracing Legislation Up for a Vote
February 12, 2015
A proposal is being heard by the Colorado Senate Committees of Agriculture, Natural Resource, & Energy Thursday regarding compensation for mineral owners whose property value is reduced due to regulations limiting hydraulic fracturing. The bill is one of many being considered in Colorado during state’s ongoing discussion about fracing. The bill states that the owner of any land which has
Keystone Passes Senate, Sets up Battle with Executive Branch
February 12, 2015
Approval of the Keystone XL pipeline has passed the U.S. Congress, will head to the desk of President Obama The Republican-led Congress passed legislation regarding TransCanada’s (ticker: TRP) Keystone XL pipeline. In a 270-152 vote, Congress decided to approve the pipeline which has been on hold for more than six years. The bill will now make its way to the
Natural Gas Roundup for the Week Ended February 6, 2015
February 12, 2015
NATURAL GAS INVENTORY (Week Ended 2/6/15) Current: 2,268 Bcf Actual Injection/(Withdrawal): (160) Bcf Economist Average Estimate: (168) Bcf Previous: 2,428 Bcf Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY KLR Group Supply/demand trends Over the past four weeks, gas-fired power demand has been trending up ~1.1 Bcfpd y/y,
PetroQuest Energy Announces Record 2014 Estimated Proved Oil And Gas Reserves And Production; Provides 2015 Production And Capital Expenditures Guidance; Updates Operating Activities And Hedging
February 11, 2015
PetroQuest Energy, Inc. (PQ) announced today that the Company ended 2014 with approximately 397 Bcfe of estimated proved oil and gas reserves having a pre-tax discounted value (“PV-10”) including hedges of approximately $600 million. The Company’s proved reserves and PV-10 increased 32% and 27% from 2013, respectively. The Company’s estimated proved reserves at December 31, 2014 were comprised of 77%
TransCanada Sends Letter to U.S. Department of State
February 11, 2015
TransCanada Corporation (TRP.TO) (TRP) (TransCanada) has sent a letter to the U.S. Department of State that highlights the company’s official response to the February 2 comment letter from the U.S. Environmental Protection Agency (EPA) on the Department of State’s Final Supplemental Environmental Impact Statement (FSEIS) for Keystone XL. “TransCanada disagrees with any suggestion that the Department of State has not
Dawson Geophysical Announces Completion Of Strategic Business Combination
February 11, 2015
Dawson Geophysical Company, previously known as TGC Industries, Inc., today announced the completion of its previously announced strategic business combination effective February 11, 2015. Trading in the combined company’s common stock will open on NASDAQ on February 12, 2015 under the symbol “DWSN” on a post-split basis (CUSIP No. 239360100). Under the terms of the transaction, which was structured as
Emerald Oil, Inc. Announces Completion of Common Stock Offering
February 11, 2015
Emerald Oil, Inc. (NYSE MKT: EOX) (“Emerald” or the “Company”) announced today that it has completed the sale of 24,553,571 shares of its common stock. All shares of common stock were sold to the public at an offering price of $1.12 per share. The resulting net proceeds to the Company, after deducting underwriting discounts, commissions and other expenses, were approximately $26.0 million. The
Crude Oil Cuttings for the Week Ended February 6, 2015
February 11, 2015
CRUDE OIL INVENTORY/’000 bbls (Week Ended 2/6/15) Current: 417,928 Actual Build/(Withdrawal): 4,868 Economist Average Estimate: 3,613 Previous: 413,060 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY BMO Capital Markets We believe this week’s data is negative for crude prices given the crude build once again exceeded expectations and pushed
