Archive for May, 2015

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 …

May 26, 2015 - 11:18 am Energy News

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

May 26, 2015 - 11:08 am Energy News
Pan Orient Energy Announces Q1 Results

Pan Orient Energy Announces Q1 Results

Pan Orient Energy Corp.: 2015 First Quarter Financial & Operating Results

Pan Orient Energy Corp. (“Pan Orient”) (TSX VENTURE:POE) reports its 2015 first quarter consolidated financial and operating results. Please note that all amounts are in Canadian dollars unless otherwise

May 26, 2015 - 10:15 am Canada

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

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

May 26, 2015 - 8:00 am 360 Company Releases

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

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

May 26, 2015 - 7:30 am 360 Company Releases

Swapping the Tetons for Casper Mountain: Wyoming Oil and Gas Fair moves to the Oil City

Story by The Casper Star Tribune

In the convention business, the allure of the Tetons is strong. And, for the past 18 years, the Wyoming Oil and Gas Fair has used the appeal of Jackson’s mountains, restaurants and shops to …

May 22, 2015 - 5:44 pm Energy News
China Eyes Cheniere’s LNG

China Eyes Cheniere’s LNG

Cheniere executive indicates that China may buy LNG from the company

“There’s a lot of interest from Chinese buyers for long-term LNG volume, especially for 2020 onwards,” Cheniere Vice President for Asia at Cheniere Marketing Pte Ltd Nicolas Zanen, on …

May 22, 2015 - 5:32 pm International, LNG, Oil and Gas 360 Articles
U.S. Rigs Fall by Just 3 This Week

U.S. Rigs Fall by Just 3 This Week

Baker Hughes rig count for the week ended May 22, 2015

Rig counts fell for the 24th consecutive week this week, but showed the smallest decline since the drop in rig counts began in October of last year. The total …

Husky Energy’s Thermal Program on the Upswing

Husky Energy’s Thermal Program on the Upswing

Enhanced oil recovery (EOR) is being mentioned with more and more emphasis in the margin-tightened oil price environment, and Husky Energy (ticker: HSE) is employing methods to generate more from its oil sands projects in western Canada.

The Calgary-based company …

Crude Oil Prices About to Head South, Says Goldman Sachs

Crude Oil Prices About to Head South, Says Goldman Sachs

Crude oil prices are trending along six month highs, prompting relief and optimism for the weary oil and gas industry. West Texas Intermediate seems to have stabilized around $60 for the time being, but not till after rig counts plunged …

May 22, 2015 - 1:09 pm Commodity Pricing, Finance, Oil and Gas 360 Articles
Oil & Gas 360® International Update

Oil & Gas 360® International Update

The European Union – New pipelines and production

A new €93 million pipeline linking Ireland to Scotland’s gas network received the green light from regulators this week. The project will be partial funded with €33.7 million of European Union grant …

May 22, 2015 - 12:57 pm International, Oil and Gas 360 Articles, OPEC

Lightstream Announces Amended Credit Facility Terms, Including Covenant Relief

Lightstream Resources Ltd. (the “Company” or “Lightstream”) (LTS.TO) announces the renegotiated terms agreed to with lenders in our secured revolving credit facility.

Further to our first quarter results press release of May 5, 2015, we have concluded negotiations …

May 22, 2015 - 10:57 am Energy News

Synergy Resources Consolidates Position in NE Wattenberg Greenhorn Prospect With Additional Leasehold

Synergy Resources Corporation (NYSE MKT: SYRG) (“Synergy”) has agreed to purchase the remaining 35% working interest in the DJ Basin Greenhorn (AMI) owned by its non-operating partner, Foreland Investments LP. The transaction is scheduled to close on May 28th

May 22, 2015 - 10:53 am Energy News

Dome Energy AB Completes Sale of US Operations

Dome Energy AB. (Ticker: DOME) is pleased to announce that it has entered into an Agreement and Plan of Reorganization with PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT:PED), for the sale of Dome’s entire US …

May 22, 2015 - 10:45 am Energy News
Trans-Alaska oil pipeline

Husky Energy Begins Steam Operations at Rush Lake

Husky Energy Begins Steam Operations at Rush Lake

Husky Energy (HSE.TO) has started commercial steam operations at the 10,000 barrels per day (bbls/day) Rush Lake heavy oil thermal project in Saskatchewan, approximately eight weeks ahead of schedule. Like …

May 21, 2015 - 6:40 pm Canada
Bellatrix Announces Closing of Private Offering

Bellatrix Announces Closing of Private Offering

Bellatrix Announces Closing of Private Offering of US$250 Million of Senior Notes Due 2020

Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) is pleased to announce that it has closed its private offering of US$250 million of 8.500% …

May 21, 2015 - 6:37 pm Canada
Halliburton, Transocean Reach Resolution with BP

Halliburton, Transocean Reach Resolution with BP

Companies Hope to Strengthen Relationship

On May 20, 2015, Halliburton (ticker: HAL) and BP plc (ticker: BP) announced a mutual agreement to resolve remaining issues relating to charges and indemnities from the Deepwater Horizon disaster. The incident occurred 61 months …

Oil & Gas 360 Energy News

Enable Midstream Announces Completion of Initial Phase of Gathering System

Enable Midstream Announces Completion of Initial Phase of Nesson Crude Oil and Produced Water Gathering System in the Bakken

Enable Midstream Partners, LP (ENBL) announced today that the first phase of its Nesson Crude & Produced Water Gathering …

May 21, 2015 - 6:33 pm MLPs
Legacy Reserves Declares Distributions

Legacy Reserves Declares Distributions

Legacy Reserves LP Declares Preferred Distributions

Legacy Reserves LP (“Legacy”) (LGCY) today announced that its general partner has declared a monthly cash distribution for both its 8% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units and its …

May 21, 2015 - 6:29 pm MLPs
OPEC: Too Close to Call - Oil & Gas 360

Crude Cargos from Iraq and Kuwait Higher Last Week

Imports from both OPEC countries were higher than their four-week averages

U.S. imports of crude oil from OPEC members Iraq and Kuwait were higher last week, a note from Global Hunter Securities said today. “Summer refinery gasoline demand is likely …

May 21, 2015 - 6:22 pm International, Oil and Gas 360 Articles, OPEC
Vanguard Natural Resources Announces Deal to Acquire Eagle Rock Energy Partners, L.P. for Approximately $614 Million

Vanguard Natural Resources Announces Deal to Acquire Eagle Rock Energy Partners, L.P. for Approximately $614 Million

Vanguard Natural Resources, LLC (VNR) (“Vanguard” or “the Company”) and Eagle Rock Energy Partners, L.P. (EROC) (“Eagle Rock”) today announced that they have entered into an Agreement and Plan of Merger pursuant to which a subsidiary …

May 21, 2015 - 6:20 pm Energy News, MLPs

Bellatrix Announces Closing of Private Offering of US$250 Million of Senior Notes Due 2020

Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) is pleased to announce that it has closed its private offering of US$250 million of 8.500% senior unsecured notes due 2020 (the “notes”). Bellatrix intends to use the net proceeds …

May 21, 2015 - 6:15 pm Energy News

Bellatrix Announces Closing of Private Offering of US$250 Million of Senior Notes Due 2020

Bellatrix Announces Closing of Private Offering of US$250 Million of Senior Notes Due 2020

May 21, 2015 - 6:09 pm 360 Company Releases
When Will the Fed Raise Rates?

When Will the Fed Raise Rates?

September More Likely than June: Economists

The most recent meeting of the Federal Open Market Committee (FOMC) indicates that the Federal Reserve will likely continue with its policy of

maintaining rates near 0%. Many of those present at the meeting …

May 21, 2015 - 5:24 pm Finance, Oil and Gas 360 Articles

Midstates Petroleum Announces Completion of a Liquidity Enhancing Transaction and Note Exchange

Midstates Petroleum Company, Inc. (MPO) (“Midstates” or the “Company”) announced today that it has completed a series of transactions that substantially increase its liquidity to approximately $420 million.

The Company completed a private offering of Senior Secured Second …

May 21, 2015 - 5:11 pm Energy News
Shell Nearing Arctic Development – Under Watchful Eyes

Shell Nearing Arctic Development – Under Watchful Eyes

Huge Expectations, Huge Investment

“If you talk about 500 million barrels, I don’t think that will cut it. It must be a multi-multi-billion barrel discovery that we have there.”

After investing six years and $6 billion of its development capital, …

Fast-track trade bill passes U.S. Senate hurdle in win for Obama

Story by Reuters

President Barack Obama on Thursday moved closer to winning the power to speed trade deals through the U.S. Congress when the Senate advanced legislation important to his Asian trade push.

Senators voted 62-38 to set up a …

May 21, 2015 - 4:52 pm Energy News
Chart of the Week: Net Natural Gas Imports Lowest Since 1987

Chart of the Week: Net Natural Gas Imports Lowest Since 1987

Natural gas imports continue 8 year decline

Net Natgas Imports Lowest since 1987

Net natural gas imports to the United States decreased 9% in 2014, continuing an eight-year decline, according to the Energy Information Administration (EIA). As U.S. dry natural gas production has reached record highs, …

May 21, 2015 - 12:22 pm Chart of Week, Oil and Gas 360 Articles
Natural Gas Roundup for the Week Ended May 15, 2015

Natural Gas Roundup for the Week Ended May 15, 2015

NATURAL GAS INVENTORY (Week Ended 5/15/15)roundup2

Current: 1,989 Bcf

Actual Injection/(Withdrawal) per EIA: 92 Bcf

Economist Average Estimate per Bloomberg: 97 Bcf

Previous: 1,897 Bcf

Click here for the chart with five year averages.

Click here for an archive of

May 21, 2015 - 11:14 am Oil and Gas 360 Articles

Bellatrix reports voting results from 2015 annual Meeting

Bellatrix reports voting results from 2015 annual Meeting

May 20, 2015 - 10:54 pm 360 Company Releases