Story by Hein & Associates Is there even any good news associated with that statement? As you know, depressed commodity prices bring dramatically lower valuations as suppressed profitability reduces cash flow generation and well economics. However, there still is some good news. Right now, wealth transfer should be considered. With pricing and values lower, it is a good time to
An OAG360® Exclusive: Interview with EIA Administrator Adam Sieminski Listen to the interview The United States Energy Information Administration (EIA) is the principal agency of the U.S. Federal Statistical System responsible for collecting, analyzing and disseminating energy information to promote sound policymaking and market efficiency on a national level. The EIA conducts a comprehensive data collection program that covers the full spectrum
New order from the Colorado governor hopes to protect greater sage grouse An executive order signed by Colorado’s Governor John Hickenlooper last week aims to keep the greater sage grouse off the endangered and threatened species lists. The order puts into effect a number of mechanisms to help with conservation efforts of the sage grouse while the U.S. Fish and
Evolution Petroleum Corporation (NYSE MKT: EPM) (“Evolution” or the “Company”) announced today that its Board of Directors approved a share repurchase program covering up to $5,000,000 of the Company’s common stock. Under the program’s terms, shares may be repurchased only on the open market and in accordance with the requirements of the Securities and Exchange Commission. The timing and amount
Story by CNBC U.S. stocks closed mixed on Tuesday as investors eyed renewed gains in yields and the dollar ahead of the Federal Reserve meeting minutes. The Dow Jones industrial average closed at a record for the second day in a row, ending below its intraday high of 18,351.36 set in the afternoon. The S&P 500 briefly extended gains to
HB 40 hopes to clarify limits of local control on oil and gas operations, preventing frac bans Texas Governor Greg Abbott signed legislation today designed to pre-empt local regulations on drilling activities in the state. The bill, House Bill 40, will avoid a “patchwork of local regulations” that might hamper oil and gas production, according to Gov. Abbot. According to
Summit Midstream Partners, LP Announces Simultaneous Closing of $255.0 Million Polar & Divide Drop Down and $35.0 Million Stampede Lateral Option Summit Midstream Partners, LP (NYSE: SMLP) announced today that its wholly owned subsidiary, Bison Midstream, LLC (“Bison Midstream”), has closed its previously announced acquisition of 100% of the equity interests of certain subsidiaries of Summit Midstream Partners, LLC (“Summit
Strategic Oil & Gas Ltd. Announces First Quarter 2015 Financial and Operating Results “Operating & Transportation Costs per BOE reduced by 57% at Marlowe” CALGARY, ALBERTA–(Marketwired – May 19, 2015) – Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSX VENTURE:SOG) reports financial and operating results for the three months ended March 31, 2015. Detailed results are presented in
Striker Exploration Corp. Announces Belly River Acquisition Striker Exploration Corp. (“Striker” or the “Company”) (TSX VENTURE:SKX) is pleased to announce that it has entered into a purchase and sale agreement with an arm’s length public oil and gas company for the acquisition of an asset in the Wilson Creek area for $3.875 million cash, before adjustments (the “Acquisition”). The Acquisition
Production up almost 4 million barrels month over month The North Dakota Department of Mineral Resources (DMR) reported production in the state was up 3.9 million barrels in the month of March. The DMR released its preliminary March numbers last week, showing production continues to grow despite falling rig counts. According to the DMR, March oil production reached 36.91 MMBO,
The E.U. joins voices calling for an end to the U.S. export ban Many have called for the end of the crude oil export ban from the United States, saying the legislation is a relic of a global energy picture that no longer reflects reality. Among a myriad of financial and business reasons often cited for lifting the ban, research
Petrobras announces that, on April 2015, its oil and natural gas production was 2 million 785 thousand oil equivalent per day (boed), in Brazil and abroad, 0.8% above the volume registered on March of the same year, which was 2 million 764 thousand boed. Among such total, 2 million 596 thousand boed were produced in Brazil and 189 thousand boed
