WPX Establishes Fourth Core Area Wells Provide 30% Return at $60/barrel WPX Energy (ticker: WPX) is moving into the most prolific oil play in the United States. On July 14, 2015, the Tulsa-based company announced the acquisition of privately held RKI Exploration & Production, LLC for $2.75 billion (including $0.4 billion of debt). In return, WPX receives 92,000 net acres
California gas prices $0.95 above national averages Nationally, the average price of a gallon of gas is just $2.77. But the average price in California is $3.72, with average prices in the L.A. area even higher at $4.05/gal, the Automobile Club of Southern California told the LA Times. Problems with refining, along with California’s stricter rules for gasoline, have sent
Russian Energy Minister Alexander Novak said the two countries are looking to increase energy ties Moscow is considering shipping natural gas directly to Greece through the Turkish Stream Pipeline, which it hopes to build across Greek territory, reports International Business Times. The pipeline is planned to have a capacity of 47 billion cubic meters per annum, with construction costs of
Whitecap Resources Inc. Announces Appointment of Director Whitecap Resources Inc. (WCP.TO) is pleased to announce that Daryl H. Gilbert has been appointed to the Whitecap Board of Directors effective July 14, 2015 and will also serve as a member of the Corporate Governance & Compensation Committee and will chair the Health, Safety & Environment Committee. Mr. Gilbert is currently a
Opinions vary widely on how much Iranian crude will hit the market and when we can expect to see it The much anticipated deal between Iran and the five permanent members of the U.N. Security Council, plus Germany (P5+1), was finalized today, fleshing out the details of the preliminary agreement reached on April 2, 2015. Under the terms of the
Second-Quarter 2015 Conference Call Thursday, August 6, 2015 9:00 a.m. CT (10:00 a.m. ET) Dial-in number: 877.930.8286 International dial-in number: 253.336.8309 Conference Code: 78876918 TULSA, OK – July 14, 2015– Laredo Petroleum, Inc. (LPI) (“Laredo” or the “Company”) will host a conference call on Thursday, August 6, 2015 at 9:00 a.m. CT (10:00 a.m. ET) to discuss its second-quarter 2015
Warren Resources, Inc. (WRES) today announced that it has commenced a search for a Chief Executive Officer. The Company has retained executive search firm Egon Zehnder to assist with the selection process. In making the announcement, Warren’s Interim Chairman Dominick D’Alleva, said, “Under the steady hands of Interim CEO and director Lance Peterson, Warren has navigated the critical liquidity and
Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): TOTAL COMPANY PRODUCTION Samson’s net monthly production, for the last six months, is as follows; January February March April May June OIL, BO 15,221 22,590 26,893 29,821 31,385 27,089 GAS, MCF 15,384 21,694 26,555 19,064 18,309 19,808 BOE 17,785 26,206 31,408 32,998 34,437 30,391 BOEPD 574 845 1,013 1,064 1,111
