March 16, 2015 - Oil & Gas 360

EnLink Midstream Completes Acquisition of Coronado Midstream

March 16, 2015

The EnLink Midstream companies, EnLink Midstream Partners, LP (ENLK) (the Partnership) and EnLink Midstream, LLC (ENLC) (the General Partner) (together “EnLink”), today announced that the Partnership completed its previously announced acquisition of Coronado Midstream Holdings LLC (“Coronado”), which owns natural gas gathering and processing facilities in the Permian Basin, for approximately $600 million, subject to certain adjustments. “The Permian Basin

Whitecap Resources Confirms March Dividend

March 16, 2015

Whitecap Resources Inc. confirms monthly dividend for March of $0.0625 per share CALGARY, March 16, 2015 /CNW/ – Whitecap Resources Inc. (WCP.TO) is pleased to announce that a cash dividend of Cdn. $0.0625 per common share in respect of March operations will be paid on April 15, 2015 to shareholders of record on March 31, 2015. This dividend is an eligible

Baytex Confirms Monthly Dividend

March 16, 2015

Baytex Confirms Monthly Dividend for March at $0.10 Per Share CALGARY, ALBERTA–(Marketwired – Mar 16, 2015) – Baytex Energy Corp. (BTE) (BTE) reports that a cash dividend of $0.10 per common share in respect of March operations will be paid on April 15, 2015 to shareholders of record on March 31, 2015. The ex-dividend date is March 27, 2015. This

Horizontal drilling operations Encana - Oil & Gas 360

Encana Completes C$1.25 Billion Offering

March 16, 2015

Encana Corporation (ticker: ECA) today announced the completion of its offering of 85,616,500 common shares of the company at a price of C$14.60 ($11.42) per share. The aggregate gross proceeds of the offering is C$1.25 billion (about $980 million), according to the company’s press release. ECA has alos granted the underwriters an over-allotment option to purchase up to an additional

Shell pulls back from shale in South Africa

March 16, 2015

Story by Reuters Royal Dutch Shell is pulling back from its shale projects in South Africa due to lower energy prices and delays in obtaining an exploration license for the onshore Karoo Basin, it said on Monday. A more than halving of crude oil prices since June has put high cost projects such as shale gas exploration in jeopardy around

GE invests $100 million into Saudi Arabia technology research initiatives

March 16, 2015

Story by Oil & Gas Technology GE has announced USD 100m in new programmes that will further the company’s localisation efforts, build innovation capacity, and create jobs in advanced manufacturing and software analytics This new investment adds to GE’s USD 1bn commitment over the past three years in the Kingdom, and aligns the company with the country’s Vision 2024 and

VAALCO Energy Announces Fourth Quarter And Full-Year 2014 Results

March 16, 2015

VAALCO Energy, Inc. (EGY) today reported results for the fourth quarter and full-year 2014. For the 2014 fourth quarter, VAALCO reported Adjusted Net Income of $9 thousand, or $0.00 per diluted share. Adjusted Net Income excludes a $98.3 million non-cash impairment charge related to significantly lower projected oil prices used in the impairment valuation for the Etame, Ebouri, and Southeast

WTI Dips to Six Year Low

March 16, 2015

The price of West Texas Intermediate (WTI) maintained weeks of stabilization before falling below $44/barrel on March 16, 2015 – the lowest since a price of $42.33 on March 11, 2009. WTI exceeded $50/barrel earlier in the month as the falling rig counts and flat production forecasts seemed to assist in pushing up the price, but sky-high inventories and recent

Iran’s South Pars Set to Begin Largest Phase to Date

March 16, 2015

The largest phase of Iran’s South Pars gas field is set to begin production later this week Phase 12 of Iran’s South Pars gas field is set to officially start operations before the end of the current Iranian year (March 20) in a ceremony that will be attended by President Hassan Rouhani, Fars News reports. Ali Akbar Sha’banpour, Managing Director

Vermilion Announces Dividend for April

March 16, 2015

Vermilion Energy Inc. announces $0.215 CDN cash dividend for April 15, 2015 payment date CALGARY, March 16, 2015 /PRNewswire/ – Vermilion Energy Inc. (“Vermilion”) (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on April 15, 2015 to all shareholders of record on March 31, 2015. The ex-dividend date for this payment is

Crescent Point Confirms March Dividend

March 16, 2015

Crescent Point Energy Confirms March 2015 Dividend CALGARY, ALBERTA–(Marketwired – Mar 16, 2015) – Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (CPG) (CPG) confirms that the dividend to be paid on April 15, 2015, in respect of March 2015 production, for shareholders of record on March 31, 2015, will be CDN$0.23 per share. These dividends are designated as

Sanchez Considers Sale of Mid-Continent Assets

March 16, 2015

Sanchez Production Partners Engages Lantana Energy Advisors for the Possible Sale of Mid-Continent Assets HOUSTON–(BUSINESS WIRE)– Sanchez Production Partners LP (NYSE MKT: SPP) today announced that it has engaged Lantana Energy Advisors (“Lantana”) to assist with the possible divestiture of its assets and operations in Oklahoma and Kansas. The assets considered for sale encompass the partnership’s operations and interests in the

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