July 28, 2015 – Oil & Gas 360

By the Numbers: Goodrich Petroleum Deals Portion of Eagle Ford Assets; Retains Future EF Upside and Provides Capital Liquidity

July 28, 2015

Acreage Value Increase of 441% Since Initial Purchase in 2010 Goodrich Petroleum (ticker: GDP) sold its proved reserves and approximately 13,000 net acres in the Eagle Ford Shale for $118 million to an undisclosed buyer, the company said in a July 27 news release. The assets are located in LaSalle and Frio Counties of Texas and include Q1’15 production of

Honeywell to buy Melrose’s utility metering business for $5.1 billion

July 28, 2015

Story by Reuters Honeywell International Inc (HON.N) has made its largest purchase in more than a decade, agreeing to buy the utility consumption metering business of Britain’s Melrose Industries Plc (MRON.L) for about $5.1 billion. The move, announced on Tuesday, is the first major deal for Honeywell, the U.S. diversified industrial manufacturer, since it laid out a five-year plan in

Swift Energy Retains Lazard to Advise as to Strategic Alternatives Related to Its Capital Structure

July 28, 2015

Swift Energy Company (SFY) announced today that it has retained Lazard Freres & Co. LLC to advise the Company’s management and Board of Directors with respect to capital structure, financing alternatives and related strategic opportunities. Terry Swift, CEO and Chairman of the Board, said, “We believe the underlying assets that Swift Energy has developed have meaningful value, much of which

Abraxas Petroleum Provides Operations Update

July 28, 2015

Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (AXAS) today provided the following operations update. Williston Basin At Abraxas’ North Fork prospect, in McKenzie County, North Dakota, the Jore 5H, Jore 6H, Jore 7H and Jore 8H, producing from the Middle Bakken, averaged 819 boepd (653 barrels of oil per day, 994 mcf of natural gas per day) (1) over the

Lonestar Resources Announces Joint Development Agreement With IOG Capital

July 28, 2015

Lonestar Resources, Ltd. (OTCQX:LNREF, ASX:LNR) is pleased to announce the closing of a $100 million Joint Development Agreement (“JDA”) with IOG Capital, L.P. The Agreement provides incremental non-recourse capital for Lonestar to drill wells in its focus area of the Eagle Ford Shale play. Lonestar’s agreement with IOG Capital makes available a maximum of $100 million in funds to be

DCP Midstream Announces $0.78 per Unit Distribution

July 28, 2015

DCP Midstream Partners Announces Quarterly Distribution DCP Midstream Partners, LP (DPM) announced today that the board of directors of its general partner declared a quarterly cash distribution of $0.78 per common unit for the quarter ended June 30, 2015, or $3.12 per unit on an annualized basis. This distribution remains unchanged from the previous quarter and represents an increase of

PrairieSky Announces Results from Q2’15

July 28, 2015

PrairieSky Announces Second Quarter 2015 Results PrairieSky Royalty Ltd. (“PrairieSky” or the “Company”) (TSK:PSK) is pleased to announce its second quarter operating and financial results for the period ended June 30, 2015. 2015 Second Quarter Highlights: Revenues of $71.8 Million Funds from Operations of $43.6 Million or $0.29 per share, basic and diluted Average production of 17,205 BOE per day

Husky Energy Announces Q2 Results

July 28, 2015

Husky Energy Delivers Steady Progress in Second Quarter Husky Energy (TSX: HSE) continues to deliver on its balanced growth strategy in the ongoing volatile commodity price environment. The Company’s diverse portfolio, which includes the Liwan Gas Project and the integrated Downstream business, produced steady results in the quarter. Second quarter results included cash flow from operations of $1.2 billion and

Quantum Energy Commits to 40 MBOPD Refinery as Downstream Enjoys Stronger Margins

July 28, 2015

Partnership with Native Son Holdings set to build refinery in North Dakota Quantum Energy (ticker: QEGY) and Native Son Holdings announced that they plan to form a joint venture in order to construct and operate a 40,000 barrel per day (BOPD) refinery in Berthold, North Dakota. According to a press release from the companies, the JV will be known as

Marcellus, Utica Driving 85% of Shale Gas Growth Since 2012

July 28, 2015

Per well efficiencies up 2.6x in the Marcellus and 22.3x in the Utica since 2012 Increased productivity of natural gas wells in the Marcellus and Utica Shale basins is responsible for 85% of increased natural gas production in the United States since 2012, according to the Energy Information Administration (EIA). Natural gas from shale basins is now responsible for 56%

Apple, Goldman Among Firms in $140 Billion Climate Pledge

July 28, 2015

Story by Bloomberg Executives from 13 major U.S. corporations announced at least $140 billion in new investments to decrease their carbon footprints as part of a White House initiative to recruit private commitments ahead of a United Nations climate-change summit later this year in Paris. Companies including Apple Inc., Berkshire Hathaway Energy Co., and Goldman Sachs Group Inc. joined Secretary

Vermilion Energy Inc. Announces Farm-in Agreement in Germany

July 28, 2015

Vermilion Energy Inc. (“Vermilion”, the “Company”, “We” or “Our”) (TSX, NYSE: VET) is pleased to announce that we have entered into a farm-in agreement (the “Farm-in” or the “Agreement”) with Mobil Erdgas-Erdӧl GmbH (“MEEG”) and BEB Erdgas und Erdӧl GmbH & Co.KG (‘BEB”). MEEG is 100% held by ExxonMobil and BEB is jointly held by ExxonMobil and Royal Dutch Shell.

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