Monday, July 14, 2025

Scotiabank: A Spring Rally in Commodity Prices is Underway

*Scotiabank Press Release* Scotiabank’s Commodity Price Index increased by 1.7% month-over-month (m/m) in April and will likely advance further in May alongside a rebound in oil and stronger base metal prices. Nevertheless, the All Items Index remains 29.7% below a year earlier. “A seasonal pick-up in industrial activity across the G7 and China and the recent pull-back in the U.S.

Ring Energy Enters the Delaware Basin with $75 Million Acquisition

Extends Permian Position Ring Energy (ticker: REI) followed through on its acquisition comments in its Q1’15 conference call, announcing purchase of 14,000 net acres in the Delaware Basin in a news release on May 26, 2015. The $75 million transaction includes current net production of 1,300 BOEPD, net reserves of 4.7 MMBOE and a PV-10 value of $128.5 million. Average

East West Petroleum Increases Revenue and Sets Stage for Future Development

East West Petroleum Increases Revenue from Gas Production and Sets Stage for Future Oil Field Development in New Zealand International oil and gas producer East West Petroleum Corp. (TSX VENTURE:EW) is pleased to announce that it has been informed by TAG Oil Ltd. (TSX:TAO), the operator of the Cheal East discovery site (TAG 70% / EW 30%) in the Taranaki

Cimarex Announces Closing of Public Common Stock Offering and Full Exercise of Option to Purchase Additional Shares

Cimarex Energy Co. (XEC) announced the closing of its previously announced public offering of 6,000,000 shares of its common stock and the full exercise of the underwriters’ option to purchase 900,000 additional shares. Net proceeds of approximately $730 million, after deducting underwriting fees, are expected to be used for general corporate purposes and to fund increased drilling and completion activity

Western Gas Partners Announces Pricing of $500 Million of Senior Notes

Western Gas Partners, LP (WES) today announced that it has priced an offering of $500,000,000 in aggregate principal amount of 3.950% senior notes due 2025 at a price to the public of 98.789% of their face value. The offering of the senior notes is expected to close on June 4, 2015, subject to customary closing conditions. Net proceeds from the

Crescent Point Energy to Acquire Legacy Oil + Gas for $1.53 Billion

Legacy Oil + Gas Press Release Link to Crescent Point release Legacy Oil + Gas Inc. (LEG.TO) (“Legacy” or the “Company”) is pleased to announce that it has entered into an arrangement agreement (the “Arrangement Agreement”) with Crescent Point Energy Corp. (“Crescent Point”), pursuant to which Crescent Point has agreed to acquire all of the issued and outstanding common shares

PDC Energy Leaps to a Fast Start in 2015

JRCO: “One of the Best Multiple/Growth Propositions in Energy” Roughly one month after its 2015 Analyst Day, PDC Energy (ticker: PDCE) released its first quarter results for the fiscal year in a press release on May 7, 2015. The Denver-based E&P reported net income of $17.1 million, or $0.46 per share, compared to a net loss of ($2.1 million) in

Norway Surpasses Russia as Western Europe’s Top Gas Supplier

Efforts to cut gas supplies from Russia appear to be working Norway state-owned gas operator Gassco reported that the country exported 29.2 Bcm of gas to western Europe in the first quarter of the year, overtaking Russian exports to Europe of 20.29 Bcm, based on data from Gazprom (ticker: OGZPY). Data from both companies shows the trend began in Q4

Israeli regulator to resign, may free up gas explorers Noble and Delek

Story by Reuters Israel’s anti-monopoly regulator, who has been pushing to open the energy sector to competition, said on Monday he would step down in August, potentially lifting the pressure on exploration companies Noble Energy and Delek Group. Antitrust Commissioner David Gilo caused an uproar in December when he ruled that Noble and Delek may constitute a monopoly over their

Bellatrix Exploration Successfully Completes Construction and is Currently Commissioning its Deep Cut Gas Plant at Alder Flats

Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) is pleased to announce it has successfully completed construction and has begun commissioning of Phase 1 of the Bellatrix O’Chiese Nees-Ohpawganu’ck deep cut gas plant in the Alder Flats area of Alberta (the “Bellatrix Alder Flats Plant” or the “Plant”).  Phase 1 of the Plant was constructed with design capacity

Magnum Hunter Resources Announces Execution of Definitive Agreement to Sell Non-Core Undeveloped Leasehold Acreage in Tyler County, West Virginia

Magnum Hunter Resources Corporation (NYSE:MHR) (NYSE MKT: MHR.PRC) (NYSE MKT:MHR.PRD) (NYSE MKT: MHR.PRE) (the “Company” or “Magnum Hunter”) announced today that Triad Hunter, LLC, a wholly-owned subsidiary of the Company, has entered into a definitive agreement to sell certain non-core undeveloped and unproven leasehold acreage located in Tyler County, West Virginia (the “Properties”) to an independent exploration and production company.

U.S. cable operator Charter to buy Time Warner Cable for $56 billion

Story by Reuters Charter Communications Inc, controlled by cable industry pioneer John Malone, offered to buy Time Warner Cable Inc for $56 billion, seeking to combine the No. 3 and No. 2 U.S. cable operators to compete against market leader Comcast Corp. The partners, who said on Tuesday the deal would mean better access to broadband Internet for many consumers,