Archive for March, 2015

Fitch Affirms Unit Corporation’s IDR at ‘BB’; Outlook Stable

Fitch Affirms Unit Corporation’s IDR at ‘BB’; Outlook Stable

March 27, 2015 - 9:17 am 360 Company Releases

Breitling Energy’s CEO Chris Faulkner To Panel Texas Legislative Conference

Breitling Energy’s CEO Chris Faulkner To Panel Texas Legislative Conference

March 26, 2015 - 2:34 pm 360 Company Releases

Top Basic Materials Small-Cap Star for March 26 is Gevo Inc. (GEVO)

Top Basic Materials Small-Cap Star for March 26 is Gevo Inc. (GEVO)

March 26, 2015 - 11:36 am 360 Company Releases

Four Elsevier Books Win Awards From Text and Academic Authors Association

Four Elsevier Books Win Awards From Text and Academic Authors Association

March 26, 2015 - 4:00 am 360 Company Releases
Texas Senate Committee Moves Forward with “Denton Fracing Rule”

Texas Senate Committee Moves Forward with “Denton Fracing Rule”

New Bill would limit local control over oil and gas activities across Texas

A Texas state Senate subcommittee voted unanimously to pass legislation being dubbed the “Denton fracing bill.” The proposal would limit local control over oil and gas activities …

March 25, 2015 - 6:25 pm Fracing, Oil and Gas 360 Articles, Regulatory
Source: Rosneft

Charleston City Council Votes Against Offshore Drilling

Some council members wanted more time to consider the matter

Charleston City joined over 40 other coastal communities that have decided to vote against allowing offshore drilling near the coast. The city council voted 7-5 to support a resolution opposing …

March 25, 2015 - 6:19 pm Offshore, Oil and Gas 360 Articles, Regulatory
Crude Oil Cuttings for the Week Ended March 20, 2015

Crude Oil Cuttings for the Week Ended March 20, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 3/20/15)

Current: 466,678

Actual Build/(Withdrawal): 8,170

Economist Average Estimate: 4,913

Previous: 458,508

Click here for the chart with five year averages.

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


Important disclosures: The …

March 25, 2015 - 6:15 pm Oil and Gas 360 Articles
Oil Majors Expanding Offshore Operations in Myanmar

Oil Majors Expanding Offshore Operations in Myanmar

Chevron signed a production sharing contract in its 2.6 million acre A5 block offshore Myanmar

Chevron Corp. (ticker: CVX) has signed a production sharing contract (PSC) with Myanma Oil & Gas Enterprise (MOGE) to explore oil and gas in the …

March 25, 2015 - 6:13 pm International, Offshore, Oil and Gas 360 Articles
TOP MINDS IN THE BUSINESS: John Hofmeister, Former President of Shell

TOP MINDS IN THE BUSINESS: John Hofmeister, Former President of Shell

View PDF of Slides  –  Download Video File

As global oil prices remain at historic lows and rig counts continue their decline, many wonder how to bring new talent into the industry. Joining Oil & Gas 360® to discuss attracting …

March 25, 2015 - 2:07 pm C-Level Interviews, Top Minds, Videos
EnLink Announce Pricing of Secondary Offering

EnLink Announce Pricing of Secondary Offering

EnLink Midstream Announces Pricing of Secondary Offering of Common Units by a Subsidiary of Devon Energy

DALLAS–(BUSINESS WIRE)–

EnLink Midstream Partners, LP (ENLK) (the “Partnership”) today announced the pricing of an underwritten public offering of 22,800,000 common units …

March 25, 2015 - 11:08 am MLPs

Whiting Petroleum Corp. (WLL) is Trading Higher on Unusual Volume for March 25

Whiting Petroleum Corp. (WLL) is Trading Higher on Unusual Volume for March 25

March 25, 2015 - 10:32 am 360 Company Releases
Will the Drilling Slowdown Allow Williston Infrastructure to Catch Up?

Will the Drilling Slowdown Allow Williston Infrastructure to Catch Up?

North Dakota has been the poster child of the United States shale boom, boasting skyrocketing production, high economic growth rates and miniscule unemployment numbers. The discovery and exploitation of the Williston Basin has increased crude output in the state by …

LINN Energy Announces $1 Billion Strategic Acquisition Alliance

LINN Energy Announces $1 Billion Strategic Acquisition Alliance

E&P MLP giant LINN’s signs letter of intent with Quantum Energy Partners

LINN Energy (ticker: LINE) announced the signing of a non-binding letter of intent with private capital investor Quantum Energy Partners, the founding investor in LINN, to fund selected …

March 24, 2015 - 6:57 pm Mergers & Acquisitions, MLPs, Oil and Gas 360 Articles
Turkey Says No to LNG Tankers in the Bosporus Strait, Cuts off Black Sea Shipping

Turkey Says No to LNG Tankers in the Bosporus Strait, Cuts off Black Sea Shipping

Turkey’s decision could cut off Black Sea countries like Ukraine from LNG tankers

Turkey announced that it will not allow the passage of tankers with liquefied natural gas (LNG) across the Bosporus Strait for fuel supplies to Ukraine, Turkish Ambassador …

March 24, 2015 - 6:54 pm International, LNG, Oil and Gas 360 Articles
Dana Gas Iraq Operations

Lukoil Looks to Increase Production in Iraq

Lukoil confirms plans to increase oil production in the West Qurna-2 oil field in Iraq

Lukoil (ticker: LKOH) President Vagit Alekperov visited Iraq to discuss further development in the West Qurna-2 field. Iraqi Prime Minister Haider al-Abadi and Minister of …

NuStar Energy says building storage to enable condensate exports

Story by Reuters

Pipeline company NuStar Energy LP is building storage at its South Texas operations to enable exports of oil producers’ lightly processed condensate out of the port of Corpus Christi, a company executive said.

“We’re building the storage …

March 24, 2015 - 6:35 pm Energy News
EnLink Announces Secondary Offering of Common Units

EnLink Announces Secondary Offering of Common Units

EnLink Midstream Announces Secondary Offering of Common Units by a Subsidiary of Devon Energy

DALLAS–(BUSINESS WIRE)–

EnLink Midstream Partners, LP (ENLK) (the “Partnership”) today announced the commencement of an underwritten public offering of 22,800,000 common units representing limited …

March 24, 2015 - 5:15 pm MLPs

Whiting Announces Pricing of $750 Million in Aggregate Principal Amount of Senior Notes Due 2023

Whiting Announces Pricing of $750 Million in Aggregate Principal Amount of Senior Notes Due 2023

March 24, 2015 - 4:27 pm 360 Company Releases
Touchstone Announces Total Proved Plus Probable Reserves

Touchstone Announces Total Proved Plus Probable Reserves

Touchstone Announces Total Proved Plus Probable Reserves of 17.8 Million Boe

CALGARY, ALBERTA, Mar 24, 2015 (Marketwired via COMTEX) — Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TXP) announces the results of the independent December 31, 2014 reserve evaluation (the …

March 24, 2015 - 3:54 pm Canada
PennEast Pipeline Could Save Consumers Nearly $1 Billion Annually

PennEast Pipeline Could Save Consumers Nearly $1 Billion Annually

PennEast Pipeline Could Save Consumers Nearly $1 Billion Annually in Energy Costs for Eastern Pennsylvania and New Jersey

WYOMISSING, Pa., March 24, 2015 (GLOBE NEWSWIRE) — Families and businesses in eastern Pennsylvania and New Jersey would have saved more than …

March 24, 2015 - 1:05 pm MLPs
Source: Novatek

Total Continues to Bet on Russian Projects

The French oil major is looking for up $15 billion in Chinese financing to develop projects in Russia

Many companies are trying to steer clear of extra risk in Russia as the West continues to add new sanctions against the …

March 24, 2015 - 11:27 am International, Oil and Gas 360 Articles
Calumet Specialty Products Partners Announces $325 Million Private Placement of Senior Notes

Calumet Specialty Products Partners Announces $325 Million Private Placement of Senior Notes

Calumet Specialty Products Partners, L.P. Announces $325 Million Private Placement of Senior Notes due 2023

INDIANAPOLIS, March 24, 2015 /PRNewswire/ — Calumet Specialty Products Partners, L.P. (CLMT) (“Calumet”) and its wholly owned subsidiary Calumet Finance Corp. announced today …

March 24, 2015 - 10:55 am MLPs

Whiting Announces Pricing of $1.0 Billion Aggregate Principal Amount of Convertible Senior Notes Due 2020, $750 Million in Aggregate Principal Amount of Senior Notes Due 2023

Whiting Petroleum Corporation (WLL) today announced that it has priced $1.0 billion aggregate principal amount of 1.25% convertible senior notes due 2020 in a private unregistered offering. The initial purchasers have a 30-day option to purchase up to …

March 24, 2015 - 10:31 am Energy News

Whiting Announces Pricing of $1.0 Billion Aggregate Principal Amount of Convertible Senior Notes Due 2020

Whiting Announces Pricing of $1.0 Billion Aggregate Principal Amount of Convertible Senior Notes Due 2020

March 24, 2015 - 9:41 am 360 Company Releases

Whiting Announces Pricing of Public Offering of Common Stock

Whiting Announces Pricing of Public Offering of Common Stock

March 24, 2015 - 9:39 am 360 Company Releases

Canada’s bill for oil ads in the U.S.: $24M over two years

Story by The Canada Press

The multimillion-dollar campaign to market Canadian oil in the U.S. was hard to miss.

The Maple Leaf was plastered on the walls of subway stops in Washington, D.C., and it popped up in all sorts …

March 23, 2015 - 6:59 pm Energy News
EnLink Acquires Victoria Express Pipeline

EnLink Acquires Victoria Express Pipeline

EnLink Midstream Partners, LP Agrees to Acquire Victoria Express Pipeline in Dropdown Transaction from Devon Energy

DALLAS–(BUSINESS WIRE)–

EnLink Midstream Partners, LP (ENLK) (“EnLink” or the “Partnership”) today announced that it has entered into an agreement to acquire …

March 23, 2015 - 6:54 pm MLPs

Chesapeake Energy Corporation Updates Its 2015 Operating Plan in Response to Low Commodity Price Environment

Chesapeake Energy Corporation (CHK) today announced it has reduced its 2015 capital budget (including capitalized interest of $500 million) to $3.5 – $4.0 billion for 2015, which is a $500 million reduction from its previous guidance of $4.0 …

March 23, 2015 - 5:59 pm Energy News

Whiting Announces Private Offerings of $1.0 Billion Aggregate Principal Amount of Convertible Senior Notes Due 2020 and $750 Million in Aggregate Principal Amount of Senior Notes Due 2023

Whiting Petroleum Corporation (WLL) announced that it has commenced private unregistered offerings to eligible purchasers of $1.0 billion aggregate principal amount of convertible senior notes due 2020 (or up to $1.15 billion aggregate principal amount if the initial …

March 23, 2015 - 5:57 pm Energy News

Schlumberger sees prudence as new normal for U.S. shale oil

Story by Reuters

The U.S. shale oil industry may have forever abandoned its heavy-spending ways in the face of sliding crude prices, Schlumberger Ltd (SLB.N), the world’s No.1 oilfield services provider, said on Monday.

Spending cuts already announced by producers …

March 23, 2015 - 5:55 pm Energy News