Archive for July, 2015

SandRidge Energy (SD) is Trading Higher on Unusual Volume for July 07

SandRidge Energy (SD) is Trading Higher on Unusual Volume for July 07

July 7, 2015 - 5:32 pm 360 Company Releases

Yuma Energy, Inc. Announces Successful Completion of its Talbot 23-1 Well and Provides an Operational Update

Yuma Energy, Inc. Announces Successful Completion of its Talbot 23-1 Well and Provides an Operational Update

July 7, 2015 - 5:00 pm 360 Company Releases

RPC, Inc. Announces Date for Second Quarter 2015 Financial Results and Conference Call

RPC, Inc. Announces Date for Second Quarter 2015 Financial Results and Conference Call

July 7, 2015 - 4:54 pm 360 Company Releases

SandRidge Energy, Inc. Announces 2015 Second Quarter Shareholder Update and Financial Results Release Date and Conference Call Information

SandRidge Energy, Inc. Announces 2015 Second Quarter Shareholder Update and Financial Results Release Date and Conference Call Information

July 7, 2015 - 4:15 pm 360 Company Releases

Core Lab Announces Q3 2015 Quarterly Dividend

Core Lab Announces Q3 2015 Quarterly Dividend

July 7, 2015 - 4:12 pm 360 Company Releases

EnerCom, Inc. to Host 100+ E&P, Oilfield Service and MLP Companies at The Oil & Gas Conference(R) 20; Conference Dates Are August 16-20, 2015

EnerCom, Inc. to Host 100+ E&P, Oilfield Service and MLP Companies at The Oil & Gas Conference(R) 20; Conference Dates Are August 16-20, 2015

July 7, 2015 - 1:32 pm 360 Company Releases

EnerCom, Inc. to Host 100+ E&P, Oilfield Service and MLP Companies at The Oil & Gas Conference(R) 20; Conference Dates Are August 16-20, 2015

EnerCom, Inc. to Host 100+ E&P, Oilfield Service and MLP Companies at The Oil & Gas Conference(R) 20; Conference Dates Are August 16-20, 2015

July 7, 2015 - 1:32 pm 360 Company Releases

Erin Energy Commences Production from Oyo-7 and Oyo-8 Wells

Oyo field production exceeds 14,000 boe/d

Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT:ERN) provides an update on Oyo field production and updates its offshore operations in The Gambia.

Nigeria

Erin Energy’s current average production from the Oyo …

July 7, 2015 - 10:34 am Energy News
$10.5 Billion Raised by Canadian Oil and Gas Companies so Far in 2015

$10.5 Billion Raised by Canadian Oil and Gas Companies so Far in 2015

Debt and equity raises rebound following the end of 2014

Publicly-listed Canadian oil and gas companies raised $10.5 billion in debt and equity raises in the first half of 2015, nearly in-line with the previous year before oil prices tumbled, …

July 6, 2015 - 6:40 pm Canada, Oil and Gas 360 Articles
Crescent Point Energy Buys Out Partner for Approximately $204 Million

Crescent Point Energy Buys Out Partner for Approximately $204 Million

Crescent Point Energy (ticker: CPG) is expanding its presence in Alberta as the result of a stock for stock merger.

On July 2, 2015, the Calgary-based exploration and production company announced the purchase of Coral Hill Energy Ltd. for C$258 …

Legacy Reserves LP Announces $440 Million Acquisition of Upstream and Gathering and Processing Assets in East Texas, Signs Agreement to Jointly Develop Permian Assets

Legacy Reserves LP (“Legacy”) (LGCY) today announced it has entered into separate agreements with affiliates of Anadarko Petroleum and Western Gas Partners, LP to purchase natural gas properties and gathering and processing assets in East Texas for a …

July 6, 2015 - 5:58 pm Energy News

Oil’s slide causes firms to spend less on Calgary Stampede

Story by The Canadian Press

Oil and gas companies are spending less at this year’s Calgary Stampede, which kicks off Friday.

Corporate sales are down 10 per cent and other businesses that usually see increased sales are also hurting.

David …

July 6, 2015 - 5:45 pm Energy News

WTI Oil Prices Suffer Largest Single-Day Drop Since February

Oil prices break the 100-day moving average

Both Brent crude and West Texas Intermediate (WTI) saw a sharp fall on July 6, 2015, resulting from a variety of negative factors. WTI closed at $52.71, a 7.5% drop, while Brent tumbled …

July 6, 2015 - 5:41 pm Commodity Pricing, Oil and Gas 360 Articles

RPC Inc. (RES) is Trading Lower on Unusual Volume for July 06

RPC Inc. (RES) is Trading Lower on Unusual Volume for July 06

July 6, 2015 - 5:32 pm 360 Company Releases

SandRidge Energy (SD) is Trading Lower on Unusual Volume for July 06

SandRidge Energy (SD) is Trading Lower on Unusual Volume for July 06

July 6, 2015 - 5:32 pm 360 Company Releases

Yuma Energy, Inc. Declares Monthly Dividend on its Series A Cumulative Redeemable Preferred Stock

Yuma Energy, Inc. Declares Monthly Dividend on its Series A Cumulative Redeemable Preferred Stock

July 6, 2015 - 5:01 pm 360 Company Releases
Linn Energy Sells Remaining Wolfcamp Acreage for $281 Million, Finalizes $1.5 Billion in Strategic Alliances

Linn Energy Sells Remaining Wolfcamp Acreage for $281 Million, Finalizes $1.5 Billion in Strategic Alliances

LINN Energy Announces Sale of Remaining Permian Basin Wolfcamp Acreage for $281 Million

LINN Energy, LLC (NASDAQ:LINE) (“LINN” or the “Company”) and LinnCo, LLC (NASDAQ:LNCO) (“LinnCo”) announced today that LINN has signed a definitive agreement to sell its remaining position …

July 6, 2015 - 5:00 pm MLPs
Magnum Hunter Midstream Subsidiary Announces Another Company Throughput Record

Magnum Hunter Midstream Subsidiary Announces Another Company Throughput Record

Outright Midstream Sale Could Generate $600 to $700 Million

Eureka Hunter Pipeline, a privately owned subsidiary of Magnum Hunter Resources (ticker: MHR), surpassed throughput volumes of 700 MMcf/d on July 2, 2015, according to a company release. Eureka spans …

SandRidge Energy, Inc. Declares Semi-Annual Preferred Stock Dividend

SandRidge Energy, Inc. Declares Semi-Annual Preferred Stock Dividend

July 6, 2015 - 4:15 pm 360 Company Releases
Source: Gassco Karsto Pipes

Southcross Energy Announces Completion of NGL Pipelines

Southcross Energy Partners, L.P. Announces Completion of NGL Pipelines and Provides Update on Southcross Holdings LP’s Robstown Eagle Ford Fractionator

Southcross Energy Partners, L.P. (SXE) (“Southcross”) today announced the completion of a 60,000 bbls/d Y-grade pipeline connecting Southcross’ …

July 6, 2015 - 3:52 pm MLPs
Husky Energy Ramps Up Production in Alberta

Husky Energy Ramps Up Production in Alberta

Sunrise Energy Project Production Update

Husky Energy (HSE.TO) is continuing to ramp up production at the Sunrise Energy Project in northeast Alberta.

Sunrise began producing bitumen in mid-March 2015. Twenty-five well pairs are now on production, with steaming …

July 6, 2015 - 3:45 pm Canada
Union Pacific Adds $1,200 Surcharge for DOT-111 Crude Oil Rail Cars

Union Pacific Adds $1,200 Surcharge for DOT-111 Crude Oil Rail Cars

Union Pacific charges add approximately $1.71 per barrel in shipping costs

Union Pacific Corp. (ticker: UNP) announced that it will charge customers an additional $1,200 per car to ship crude oil by rail if they are using DOT-111 rail cars. …

July 6, 2015 - 2:16 pm Midstream, Oil and Gas 360 Articles

Magellan Announces Formation of Special Committee to Review Strategic Alternatives

Magellan Petroleum Corporation (MPET) (“Magellan” or the “Company”) today announced the formation of a special committee of independent members of the Board of Directors of the Company (the “Special Committee”) to consider various strategic alternatives potentially available to …

July 6, 2015 - 11:10 am Energy News

Eureka Hunter Announces New Record Throughput Volumes of ~700,000 MMBtu Per Day

Eureka Hunter Announces New Record Throughput Volumes of ~700,000 MMBtu Per Day

July 6, 2015 - 7:00 am 360 Company Releases

Magellan Announces Formation of Special Committee to Review Strategic Alternatives

Magellan Announces Formation of Special Committee to Review Strategic Alternatives

July 6, 2015 - 6:00 am 360 Company Releases
Enhanced Oil Recovery Can Reduce World’s Carbon Emissions:  Western Governors

Enhanced Oil Recovery Can Reduce World’s Carbon Emissions: Western Governors

For every 2.5 barrels of oil produced, it is estimated that a typical commercial enhanced oil recovery (EOR) project can safely prevent one metric ton of CO2 from entering the atmosphere

As of 2014, approximately 13.6 million metric tons of

$18.7 Billion Gulf of Mexico Settlement the Largest in History, Oil & Gas or Otherwise

$18.7 Billion Gulf of Mexico Settlement the Largest in History, Oil & Gas or Otherwise

BP will pay its record setting settlement over the course of the next 18 years

BP (ticker: BP) will pay $18.7 billion in settlements to the U.S. and the five states along the Gulf of Mexico to resolve the Deepwater …

Unemployment Falls to 5.3%

Unemployment Falls to 5.3%

The U.S. adds 223,000 jobs in June

The United States unemployment rate fell to a post-recession low of 5.3% in June, according to information from the Bureau of Labor Statistics (BLS). The drop in U.S. unemployment came as welcome …

July 2, 2015 - 6:26 pm Oil and Gas 360 Articles
Oil Rig Counts Climb for first time in 29 Weeks

Oil Rig Counts Climb for first time in 29 Weeks

Baker Hughes (ticker: BHI) released its weekly rig count tally on Thursday, July 2 – one day earlier than normal in consideration of the July 4th Independence Day holiday. The United States added three rigs to its fleet in …

July 2, 2015 - 6:14 pm Commodity Pricing, Oil and Gas 360 Articles
Drill Rig in Alaska - Oil & Gas 360

Bonterra Confirms Dividend for June

Bonterra Energy Corp. Confirms Cash Dividend for June 2015 Payable July 31, 2015

Bonterra Energy Corp. (www.bonterraenergy.com) (TSX:BNE) announces that the June 2015 monthly cash dividend will be $0.15 per share and will be paid on July 31,

July 2, 2015 - 6:08 pm Canada