Initiatives targeting oil and gas development are becoming more and more common around the country, and Michigan is the latest state to play host to the hydraulic fracturing debate. For the third election season in Michigan, opposition to the development technique will attempt to get lawmakers and the public to adopt an outright fracing ban. The previous two attempts have
Evaluating Master Limited Partnerships (MLP) in the Energy Sector When assessing the performance of any public company for investment purposes, a logical first question is: “How profitable is it?” There are several ways a company’s performance can be evaluated in terms of profit generation or operational efficiency that results in cash for the company. Net Income is a logical starting point
Oil and natural gas output for March Petróleo Brasileiro S.A. – Petrobras announces that its oil and natural gas output in Brazil and abroad, in March 2015, was 2,764,000 barrels of oil equivalent per day (boed), down 1.3% from February 2015 (2,801,000 boed). Of this total, 2,574,000 boed were produced in Brazil and 189,900 boed abroad. The output of 2,764,000
Prices this week hit new highs for the year on news of slowing production in the U.S. The Baker Hughes (ticker: BHI) rig count for the week ended April 17, 2015 showed yet another drop in the number of rigs actively drilling for oil and gas in the United States. The total rig count fell to 954, down about 3% from
Hi-Crush Partners LP Announces First Quarter 2015 Distribution of $0.675 per Unit Hi-Crush Partners LP (HCLP), or Hi-Crush, announced today that the Board of Directors of its general partner has declared a cash distribution of $0.675 per unit on all common and subordinated units, or $2.70 on an annualized basis. Hi-Crush paid distributions of $2.40 per unit on all common
A district court judge allows litigation to lift a Colorado frac ban to proceed District Court Judge C. Scott Crabtree has decided not to dismiss a motion from the Colorado Oil & Gas Association (COGA) to lift a local moratorium on hydraulic fracturing in Broomfield, Colorado. The city of Broomfield passed a measure in 2013 that put a five year
Magellan Petroleum Corporation (MPET) (“Magellan” or the “Company”) today commented on certain recent announcements made by its partners in the Horse Hill-1 well (“HH-1”) in southern England. On April 9, 2015, UK Oil & Gas Investments PLC (“UKOG”), an approximately 31% indirect owner of HH-1, announced that HH-1 is estimated to have “a total oil in place (‘OIP’) of 158
