Remember the Northern Spotted Owl? It was a bird living in the Pacific northwest that was awarded the U.S. Fish and Wildlife Service’s “Threatened Species” designation in 1990. Vast swaths of timber were classified …
Energy Transfer Partners, L.P. (NYSE: ETP) today announced the pricing of $1.0 billion aggregate principal amount of its 4.050% senior notes due 2025, $500 million aggregate principal amount of its 4.900% senior notes due 2035 and $1.0 billion aggregate principal …
The Baker Hughes (ticker: BHI) rig count for the week ended March 6, 2015, reports a total number of rigs in the United States of 1,192, down …
Pursuant to the Plan of Conversion filed with the Securities and Exchange Commission (SEC), and upon obtaining approval from all classes of unitholders taken at a special meeting of unitholders held on March 6, 2015, Sanchez Production Partners (NYSE MKT: …
Unemployment in the United States has fallen to its lowest levels since 2008, according to data from the Bureau of Labor Statistics. U.S. unemployment fell to 5.5% in the month of February. The last time unemployment was below 5.6% …
Story by European Voice
The European Commission’s attempts to gain an overview of shale-gas extraction and exploration in the EU have not been greeted enthusiastically by most member states. Asked to provide information about shale-gas activities, many member states submitted …
According to the latest data from the Colorado Oil and Gas Conservation Commission (COGCC), oil production in Colorado is up 27% in 2014 from 2013. …
Blackbird Energy (ticker: BBI) based in Calgary, Alberta, announced this week that its first two operated horizontal Montney wells on Blackbird’s 69 section land block at Elmworth, Alberta, Canada, …
A witness and military source said Islamic State fighters ignited oil wells in the Ajil oil field northeast of the city of Tikrit. The fires were started in the hopes that …
Magellan Petroleum to Present at the 27th Annual ROTH Conference in Laguna Niguel, CA
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United States exports of noncrude petroleum products increased for the 13th straight year in 2014, the Energy Information Administration said in a report on March 5, 2015. The U.S. averaged 3.8 MMBOPD in 2014 – an increase of approximately …
HOUSTON, March 5, 2015 (GLOBE NEWSWIRE) — Energy XXI Gulf Coast, Inc. (the “Company”), the operating subsidiary of Energy XXI Ltd (“Energy XXI”) (Nasdaq:EXXI), today announced that it has priced its private offering to qualified institutional buyers of $1.45 billion …
From Reuters:
Canadian Natural Resources Ltd, the country’s No. 2 oil and gas producer, said on Thursday it expects to spin off its Western Canada royalty lands this year as it reported unexpectedly strong fourth-quarter results and boosted its dividend.…
From StateImpact:
Following through on his campaign pledge, Governor Wolf made taxing the natural gas industry a central part of his budget proposal Tuesday.
Wolf wants to model it on West Virginia, with a tax on both volume and sales. …
Energy XXI Gulf Coast, Inc. Prices Upsized Private Offering of $1.45 Billion of 11.000% Senior Secured Second Lien Notes Due 2020
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Libya’s state-run National Oil Corporation (NOC) declared force majeure on eleven of its oilfields Wednesday due to the deteriorating security situation in the country, reports Reuters. The country’s …
During a speech at the German-Arab Friendship Association in Berlin, Saudi Arabian oil minister Ali al-Naimi said OPEC’s decision to maintain oil production last year is “the correct path …
NATURAL GAS INVENTORY (Week Ended 2/27/15)
Current: 1,710 Bcf
Actual Injection/(Withdrawal): (228) Bcf
Economist Average Estimate: (224) Bcf
Previous: 1,938 Bcf
Integrated Environmental Technologies, Ltd. Provides Update On Oil And Gas Operations And Announces Attendance At 27th Annual Roth Conference
…Resolute Energy Corporation Announces Results for the Quarter and Full Year Ended December 31, 2014
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ExxonMobil (ticker: XOM) held an analyst meeting today, giving a presentation with the company’s expectations for 2015. The energy-major cut its capital budget for this year to …
Story by CNBC
Commentary by Brenda Shaffer, Professor at the University of Georgetown
With oil’s price collapse, we can now declare that OPEC’s reign as king of the market is over. However, just as certain is the fact that there
Ensco plc (ESV) announced today that it has priced an underwritten offering of $1.1 billion principal amount of senior unsecured notes consisting of two series:
CRUDE OIL INVENTORY/’000 bbls (Week Ended 2/27/15)
Current: 444,374
Actual Build/(Withdrawal): 10,303
Economist Average Estimate: 3,888
Previous: 434,071
Click here for the chart with five year averages.
Click here for an archive of EnerCom’s Inventory Reports.
ANALYST COMMENTARY
KLR …
Mid-Con Energy Partners (ticker: MCEP), a U.S. E&P master limited partnership (MLP), announced its fourth quarter and full-year 2014 results this week. According to the release, production for fourth quarter 2014 …
The Energy Information Administration (EIA) reported yet another monster build to crude inventories for the week ended February 27, 2015. The latest Weekly Petroleum Status Report added 10.3 million barrels to inventories that are already believed to be the highest …
Whiting Announces Results of Offer to Purchase Notes Originally Issued by Kodiak
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