Archive for May, 2015

Marlin Midstream Partners Changes Name

Marlin Midstream Partners Changes Name

Marlin Midstream Partners, LP Changes Name to Azure Midstream Partners, LP and Expects to List Its Common Units on the New York Stock Exchange

Marlin Midstream Partners, LP (FISH) announced that effective immediately it changed its name from …

May 20, 2015 - 6:49 pm MLPs
Cimarex Energy Bolstering Finances with $752.1 Million Equity Raise

Cimarex Energy Bolstering Finances with $752.1 Million Equity Raise

Looking at Increasing Drilling and Completions in 2015 and 2016

Cimarex Energy (ticker: XEC) is offering six million shares of common stock at a price of $109 per share, the company announced on May 20, 2015. Including the greenshoe offering …

Dana Gas Iraq Operations

Forget OPEC: Libya Looking to Increase Production, Regain Market Share

Countries that Need Revenue Want to Produce and Sell their Oil

Before Gaddafi was removed from power as Libya’s chief, the country produced almost 1.6 MMBOPD. Today that number stands at just 436 MBOPD, according to Mustafa Sanallah, chairman of …

May 20, 2015 - 6:35 pm International, Oil and Gas 360 Articles, OPEC

Dominion Resources Announces Public Offering of Common Stock, Completes Planned Market Equity Issuances For 2015

Two-Part Release

Dominion Resources, Inc. (NYSE:D), today announced the sale of an aggregate of 2,800,000 shares of its common stock through a registered underwritten public offering to UBS Securities LLC, as the sole underwriter for this offering. The …

May 20, 2015 - 6:26 pm Energy News

ExxonMobil Announces Significant Oil Discovery Offshore Guyana

  • Liza-1 well encounters more than 295 feet of high-quality oil-bearing sandstone reservoirs
  • Well is first on 6.6-million acre Stabroek Block and drilled to 17,825 feet

Exxon Mobil Corporation (XOM) today announced a significant oil discovery on the Stabroek …

May 20, 2015 - 6:23 pm Energy News

BC Premier announces LNG agreement with Petronas

Story by CBC

B.C. Premier Christy Clark has announced an agreement in principle with Pacific NorthWest LNG, owned in majority by Malaysia’s Petronas, for a liquefied natural gas development on the province’s northwest coast.

Clark said the LNG framework will …

May 20, 2015 - 6:15 pm Energy News
Utah Joins Wyoming, Colorado and North Dakota in Lawsuit Against Federal Fracing Rules

Utah Joins Wyoming, Colorado and North Dakota in Lawsuit Against Federal Fracing Rules

Utah energy advisor says new regulations are legally and pragmatically faulty

Utah’s Governor Gary Herbert announced that his state will be joining North Dakota, Colorado and Wyoming in their lawsuit against new federal rules regarding new hydraulic fracturing regulations on

Murkowski Puts Forward New Offshore Legislation

Murkowski Puts Forward New Offshore Legislation

Pushing for larger share of offshore oil and gas revenues

Alaska’s Senator Lisa Murkowski put forward new legislation last week that hopes to bring more revenue from oil and natural gas production on Alaska’s outer continental shelf (OCS) back to …

Leon Panetta: Oil Export Ban Harms National Security

Commentary Story by The Wall Street Journal

The United States faces a startling array of global security threats, demanding national resolve and the resolve of our closest allies in Europe and Asia. Iran’s moves to become a regional hegemon, Russia’s …

May 20, 2015 - 4:32 pm Energy News
Blackbird Energy Announces Drill Program

Blackbird Energy Announces Drill Program

Blackbird Energy Inc. Announces Summer Drill Program and Appointment of New Independent Director

Blackbird Energy Inc. (“Blackbird” or the “Company“) (TSX VENTURE:BBI) is very pleased to announce a summer drill program consisting of one horizontal well …

May 20, 2015 - 3:22 pm Canada
Refining Margins at Several Year Highs

Refining Margins at Several Year Highs

Lower crude prices and higher demand for gasoline driving higher margins

Gasoline crack spreads in the United States, especially on the U.S. East Coast, have reached several-year highs in recent months. A recent note from the Energy Information Administration (EIA), …

May 20, 2015 - 1:02 pm Downstream, Oil and Gas 360 Articles

Blackbird Energy Inc. Announces High Impact Summer Drill Program and Appointment of New Independent Director

Blackbird Energy Inc. (TSX VENTURE:BBI)(“Blackbird” or the “Company“) is very pleased to announce a summer drill program consisting of one horizontal well targeting the condensate-rich Middle Montney at its Elmworth Montney project which consists of …

May 20, 2015 - 11:56 am Energy News

Petrobras Announces Funding Agreement of $5 billion with China Development Bank Corporation

Petrobras informs that it has signed yesterday with China Development Bank Corporation- CDB a cooperation agreement for the years 2015 and 2016.

This agreement includes funding of $ 3.5 billion, already disbursed, reported by Petrobras to the market on 1 …

May 20, 2015 - 11:52 am Energy News

Survey: Investors cut U.S. equity exposure to lowest since January ’08

Story by Reuters

International investors slashed their exposure to U.S. equities in May to its lowest in over seven years, while maintaining the euro zone as their leading stock market destination, a closely watched survey said on Tuesday.

Driven by …

May 20, 2015 - 11:30 am Energy News
Crude Oil Cuttings for the Week Ended May 15, 2015

Crude Oil Cuttings for the Week Ended May 15, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 5/15/15)

Current: 482,165

Actual Build/(Withdrawal): (2,674)

Economist Average Estimate: (730)

Previous: 484,839

Click here for the chart with five year averages.

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


Important disclosures: The …

May 20, 2015 - 11:09 am Oil and Gas 360 Articles

Blackbird Energy Inc. Announces Summer Drill Program and Appointment of New Independent Director

Blackbird Energy Inc. Announces Summer Drill Program and Appointment of New Independent Director

May 20, 2015 - 8:40 am 360 Company Releases

Blackbird Energy Inc. Announces High Impact Summer Drill Program and Appointment of New Independent Director

Blackbird Energy Inc. Announces High Impact Summer Drill Program and Appointment of New Independent Director

May 20, 2015 - 7:00 am 360 Company Releases
Estate Planning and The Decline of Oil and Gas Prices

Estate Planning and The Decline of Oil and Gas Prices

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 …

May 19, 2015 - 7:06 pm Energy News
TOP MINDS IN THE BUSINESS: Adam Sieminski, EIA Administrator

TOP MINDS IN THE BUSINESS: Adam Sieminski, EIA Administrator

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 …

Photo by Greg Albrechtsen, Sage Grouse Initiative

Executive Order from Colorado’s Gov. Hickenlooper Could Affect Oil and Gas

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 …

Evolution Petroleum Announces Share Repurchase Program

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 …

May 19, 2015 - 6:52 pm Energy News

Dow closes at record; stocks end mostly lower ahead of Fed minutes

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

May 19, 2015 - 6:49 pm Uncategorized
New Texas Law Pre-empts Local Frac Bans

New Texas Law Pre-empts Local Frac Bans

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

Summit Midstream Partners Announces Closing of Drop Down

Summit Midstream Partners Announces Closing of Drop Down

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”), …

May 19, 2015 - 6:27 pm MLPs
Strategic Oil & Gas Announces Q1 Results

Strategic Oil & Gas Announces Q1 Results

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”)

May 19, 2015 - 3:45 pm Analytics, Canada
Striker Exploration Announces Acquisition

Striker Exploration Announces Acquisition

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

May 19, 2015 - 3:43 pm Canada, Mergers & Acquisitions
A rig site in North Dakota

North Dakota Completions up 350% in March

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 …

The E.U. is Lobbying for the U.S. to End the Crude Oil Export Ban

The E.U. is Lobbying for the U.S. to End the Crude Oil Export Ban

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 …

Petrobras Announces Oil and Natural Gas Production on April

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

May 19, 2015 - 10:42 am Energy News

LINN Energy Announces Pricing of Its Public Offering of 16 Million Units

LINN Energy, LLC (Nasdaq:LINE) announced today the pricing of its public offering of 16,000,000 of its units representing limited liability company interests at a price to the public of $11.79 per unit. The underwriters have a 30-day option to purchase …

May 19, 2015 - 10:38 am Energy News