North Dakota at Lowest Rig Count Since January 2010 The number of total rigs drilling in the United States rose for the third straight week, according to the most recent rig count from Baker Hughes (ticker: BHI). Total rigs drilling in the U.S. reached 863 for the week ended July 10, 2015, up just one from last week. The slow
2016 Program Fully Funded A combination of wells waiting completion and longer laterals have Synergy Resources (ticker: SYRG) projecting to exit Q4’15 (ending August 31) with volumes of 12,000 to 13,000 BOEPD. The company announced its Q3’15 volumes (three months ended May 31) averaged 8,026 BOEPD, representing a year-over-year increase of 95%. In its Q3’15 results announced on July 9,
Story by Reuters A brief period of high profitability for the world’s oil refineries is likely to come to an end as quickly as it began, the International Energy Agency (IEA) said on Friday. Weak crude oil and relatively high prices for gasoline, diesel and petrochemical feedstock have pushed up refining profits sharply over the last six months, helping oil
Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for August 17, 2015 Payment Date Vermilion Energy Inc. (“Vermilion”) (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on August 17, 2015 to all shareholders of record on July 22, 2015. The ex-dividend date for this payment is July 20, 2015. This dividend is
Raymond James estimates U.S. production has been declining since March The oil market may be tighter than many realize, according to analysis from Marshall Adkins and researchers at Raymond James. In a follow up to the research they did on the International Energy Agency’s (IEA) 1.2 MMBOPD of missing production, Adkins and his team delved into the Energy Information Administration’s
Energy infrastructure is becoming increasingly important as the United States steps into the role of the world’s largest producer, pumping about 55 quadrillion Btu (about 27.5 MMBOEPD) of petroleum and natural gas in 2014. The growth of production has outstripped that of infrastructure, bringing the importance of midstream companies to center stage since the shale revolution. Speaking with Oil &
