Torchlight Energy to Spud First Well in Its Orogrande Project
March 18, 2015
Torchlight Energy to Spud First Well in Its Orogrande Project
Acorn Energy Suspends Operations at US Seismic Systems
March 18, 2015
Acorn Energy Suspends Operations at US Seismic Systems
Despite Chevron’s Legal Challenge, As You Sow/Arjuna Shareholder Resolution on Economic Risks of Climate Change Going to Vote
March 18, 2015
Despite Chevron’s Legal Challenge, As You Sow/Arjuna Shareholder Resolution on Economic Risks of Climate Change Going to Vote
Pacific Energy Development Announces Acceptance of Listing Compliance Plan by NYSE MKT
March 17, 2015
PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED) (the “Company”), today announced that the NYSE MKT (the “Exchange”) notified the Company that it has accepted the Company’s plan of compliance (the “Plan”) which the Company previously presented to the Exchange on February 6, 2015 to increase its stockholders’ equity to at least $6 million prior to the targeted completion
Samson Oil & Gas Advisory – Month-over-Month Production Increased 47% in February 2015
March 17, 2015
Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): TOTAL COMPANY PRODUCTION Samson’s net monthly production for the last five months is as follows; October November December January February OIL, BO 6,591 17,619 18,906 15,221 22,590 GAS, MCF 11,861 9,363 12,102 15,384 21,694 BOE 8,567 19,180 20,923 17,785 26,206 BOEPD 285 618 675 574 845 February production was significantly
Breitling Energy Corporation Announces Hunton Acquisition
March 17, 2015
Breitling Energy Corporation (BECC) (the “Company”) announced that on March 10, 2015, the Company completed an acquisition of certain non-operated working interests in the Hunton play of northwestern Oklahoma. This extends the Company’s plan to acquire strategic assets during this lower price environment. “While everyone in the upstream industry is feeling the affects of today’s low prices, it also presents
Oilservice Sector Shouldering the Burden of Oil Patch Layoffs
March 17, 2015
Forbes reports nearly 74,000 oil workers have been laid off since spot prices plummeted in Q4’14, with 58,624 (or nearly 80%) of the workers coming from the oil service side. Major companies like Schlumberger, Baker Hughes, Pemex, Weatherford and Halliburton have each extended the disheartening news to more than 6,000 employees. Forbes opened up its comment section for its readers
Indian Refiners Diversifying Imports
March 17, 2015
Refineries in India are importing oil from more varied sources in order to diversify supply Indian refineries continue to reduce imports from traditional markets like Saudi Arabia and Iran and have stepped up purchasing from other markets, including Mexico, Iraq and Venezuela while building inventories as crude prices remain low. Availability of cheaper crude variants and softening of shipping costs
VAALCO Announces Q4, FY 2014 Results
March 17, 2015
VAALCO Energy Announces Fourth Quarter And Full-Year 2014 Results HOUSTON, March 16, 2015 /PRNewswire/ — VAALCO Energy, Inc. (NYSE: 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
ONEOK Partners Announces $800 Million Offering
March 17, 2015
ONEOK Partners Announces $800 Million Notes Offering TULSA, Okla., March 17, 2015 /PRNewswire/ — ONEOK Partners, L.P. (NYSE: OKS) today announced that it has priced an offering to sell $800 million of senior notes, consisting of $300 million of five-year senior notes at a coupon of 3.8 percent and $500 million of 10-year senior notes at a coupon of 4.9
ConocoPhillips Trims Capital Budget thru 2017
March 17, 2015
Updated 2015 Guidance is 31% Below 2014 Expenditures ConocoPhillips (ticker: COP) has revised its capital plan to $11.5 billion per year through 2017, according to a news release issued on March 17, 2015. COP had originally set its 2015 budget at $13.5 billion in a December 2014 announcement but trimmed the estimate to $11.5 billion in its Q4’14 results. The flat
Ohio Judge Overturns Local Drilling Ban
March 17, 2015
A judge in Broadview Heights, Ohio, rules that oil and natural gas firms can drill new wells in the area Cuyahoga County Common Pleas Judge Michael Astrab ruled that Bass Energy Co. Inc. and Ohio Valley Energy – and other oil and gas companies – can drill new wells in Broadview Heights, according to the Northeast Ohio Media Group. The
