Archive for July, 2015

Russia Cuts Off Gas Supplies to Ukraine Over Pricing Dispute

Russia Cuts Off Gas Supplies to Ukraine Over Pricing Dispute

Russia offers $40 per Mcm discount on gas, but Ukraine says no

Russian state-owned energy giant Gazprom (ticker: OGZPY) announced that it is halting gas flows to Ukraine amid a pricing dispute. Gazprom CEO Alexi Miller said Gazprom has not …

July 2, 2015 - 3:29 pm International, Oil and Gas 360 Articles

FourPoint Energy buying well assets from Chesapeake Subsidiaries for $840 million

Story by the Associated Press

FourPoint Energy LLC will buy oil and gas assets from Chesapeake Exploration LLC and CHK Cleveland Tonkawa LLC for about $840 million.

The sellers are subsidiaries of Oklahoma City-based Chesapeake Energy Corp.

The deal will …

July 2, 2015 - 1:05 pm Energy News

New York’s 30 Rock just got a new name

The iconic 30 Rock building will now be known as the Comcast Building.

The new name may not sound as cool, but the building does get a colorful peacock to help illuminate New York’s skyline.

Located at 30 Rockefeller Plaza …

July 2, 2015 - 1:01 pm Energy News

ZaZa Energy Announces Proved Reserves

Source: ZAZA 8-K Filing

On July 1, 2015, ZaZa Energy Corporation (the “Company” or “ZaZa Energy” ) issued a press release announcing the Company’s estimated total proved reserves at July 1, 2015 (the “Reserves Release”).

The Reserves Release contains certain

July 2, 2015 - 12:37 pm Energy News
Core Laboratories’ Announces Date of Second Quarter 2015 Webcast

Core Laboratories’ Announces Date of Second Quarter 2015 Webcast

Core Laboratories (NYSE: “CLB US” and NYSE Euronext: “CLB NA”) will broadcast its second quarter 2015 conference call over the Internet at 7:30 a.m. CDT / 2:30 p.m. CEST on July 23, 2015.

David Demshur, CEO, Richard Bergmark

July 2, 2015 - 12:16 pm Analytics, Energy News
Natural Gas Roundup for the Week Ended June 26, 2015

Natural Gas Roundup for the Week Ended June 26, 2015

roundup2NATURAL GAS INVENTORY (Week Ended 6/26/15)

Current: 2,577 Bcf

Actual Injection/(Withdrawal) per EIA: 69 Bcf

Economist Average Estimate per Bloomberg: 72 Bcf

Previous: 2,508 Bcf

Click here for the chart with five year averages.

Click here for an archive of

July 2, 2015 - 11:17 am Oil and Gas 360 Articles

Bellatrix to Present at the Upcoming 2015 TD Securities Calgary Energy Conference and Announces Updated Commodity Risk Management Contracts

Bellatrix to Present at the Upcoming 2015 TD Securities Calgary Energy Conference and Announces Updated Commodity Risk Management Contracts

July 2, 2015 - 7:30 am 360 Company Releases

Magellan Announces Conversion of Revolving Loan Into Term Loan

Magellan Announces Conversion of Revolving Loan Into Term Loan

July 2, 2015 - 6:00 am 360 Company Releases
Energy XXI Closes $266 Million in Asset Sales, Updates Operations

Energy XXI Closes $266 Million in Asset Sales, Updates Operations

Liquidity Pushing $1 Billion

Energy XXI (ticker: EXXI) announced its second asset sale in the last 10 days in a company press release on July 1, 2015. The Gulf Coast operator closed on its East Bay Field for $21 million …

An OAG360 Exclusive Interview with Lynn Helms, Director of North Dakota’s Dept. of Mineral Resources

An OAG360 Exclusive Interview with Lynn Helms, Director of North Dakota’s Dept. of Mineral Resources

  • 925 wells on backlog in North Dakota: 6-7 month inventory

  • North Dakota can still reach 2 MMBOPD

By increasing its oil production to record levels, North Dakota’s economy has experienced a complete turnaround in the last handful of years, and …

ONEOK Raises $277 Million

ONEOK Raises $277 Million

ONEOK Partners Raises Approximately $277 Million Through ATM Equity Program

 ONEOK Partners, L.P. (OKS) today announced that it sold approximately 7.2 million common units totaling approximately $277 million through its at-the-market equity program (ATM program) in the first …

July 1, 2015 - 6:53 pm MLPs

Whiting Petroleum Corporation Announces Results of Exchange Offer Relating to Outstanding, Unregistered 6.25% Senior Notes Due 2023

Whiting Petroleum Corporation Announces Results of Exchange Offer Relating to Outstanding, Unregistered 6.25% Senior Notes Due 2023

July 1, 2015 - 6:45 pm 360 Company Releases
Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Alvopetro Announces Block 182 Discovery

Alvopetro Announces Block 182 Discovery

Alvopetro Energy Ltd. (TSX VENTURE:ALV) is pleased to announce that our 182(B1) well, located on Block 182 in the Recôncavo basin in the State of Bahia, Brazil, has discovered hydrocarbons. The 182(B1) well reached a …

July 1, 2015 - 6:11 pm Canada
Keystone XL: New Environmental Regulations May Help the Case for 830 MBOPD Pipeline

Keystone XL: New Environmental Regulations May Help the Case for 830 MBOPD Pipeline

Stricter environmental standards further show Keystone XL will not ‘significantly exacerbate’ climate change

TransCanada (ticker: TRP) sent a letter to U.S. Secretary of State John Kerry and the U.S. State Department asking them to include Canada’s stricter stance on greenhouse …

July 1, 2015 - 6:02 pm Canada, International, Oil and Gas 360 Articles

Comstock Resources, Inc. Announces Divestiture of Burleson County Properties

Comstock Resources, Inc. (“Comstock” or the “Company”) (CRK) announced that it has entered into a definitive purchase and sale agreement with a private company to sell Comstock`s oil and gas properties in and around Burleson County, Texas for …

July 1, 2015 - 5:58 pm Energy News

Whiting Petroleum Corp. (WLL) is Trading Lower on Unusual Volume for July 01

Whiting Petroleum Corp. (WLL) is Trading Lower on Unusual Volume for July 01

July 1, 2015 - 5:32 pm 360 Company Releases

Range Announces Redemption Notice of 6.75% Senior Subordinated Notes Due 2020

Range Announces Redemption Notice of 6.75% Senior Subordinated Notes Due 2020

July 1, 2015 - 5:30 pm 360 Company Releases

Hess Completes Sale, Establishes Bakken Midstream Joint Venture Valued at $5.35 Billion

Hess Corporation (HES) today completed the previously announced sale of a 50 percent interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion.

As planned, Hess and Global Infrastructure Partners have created …

July 1, 2015 - 5:26 pm Energy News

Core Laboratories’ Second Quarter 2015 Webcast at 7:30 a.m. CDT / 2:30 p.m. CEST on July 23, 2015

Core Laboratories’ Second Quarter 2015 Webcast at 7:30 a.m. CDT / 2:30 p.m. CEST on July 23, 2015

July 1, 2015 - 4:50 pm 360 Company Releases
OPEC Production Hits a Three Year High

OPEC Production Hits a Three Year High

OPEC June production hits 31.60 MMBOPD on the back of increased Iraq output

OPEC continued to produce well above its target of 30 MMBOPD in June, according to information compiled by Reuters. The information, based on shipping data and …

Source: Gassco Kollsnes

EIA Expanded Natural Gas Coverage Now Encompasses 95% of Total U.S. Production

The EIA adds 10 states to its monthly natural gas reports

The Energy Information Administration (EIA) added 10 additional states to its geographic coverage of natural gas production this week. The states that will now be included in the EIA’s …

July 1, 2015 - 4:41 pm Oil and Gas 360 Articles

Sinopec, Cnooc Said Readying Bids for Petrobras Oilfield Stakes

Story by Bloomberg

Two Chinese companies that entered Brazil’s giant deep-water oilfields two years ago are now looking to increase their presence as state-run Petrobras sells assets to pay down debt, said two people with knowledge of the matter.

China …

July 1, 2015 - 11:51 am Energy News

Delfin LNG Announces Equity Investment by Enbridge, Inc.

Fairwood Peninsula Energy Corp (“Fairwood LNG”), the parent company and 100%-owner of Delfin LNG LLC (“Delfin LNG”), today announced a strategic alliance with Enbridge, Inc. (“Enbridge”) (TSX/NYSE:ENB), in which Enbridge has purchased an equity position in Fairwood LNG. Enbridge has …

July 1, 2015 - 11:49 am Energy News

Aethon Energy and RedBird Capital Acquire SM Energy’s Ark-LA-Tex Assets

Aethon Energy Management LLC (“Aethon” or the “Firm”), a Dallas-based private investment firm focused on onshore oil & gas, together with its partner, RedBird Capital Partners LLC (“RedBird”), today announced the acquisition of certain Ark-LA-Tex assets from SM Energy …

July 1, 2015 - 11:45 am Energy News
Crude Oil Cuttings for the Week Ended June 26, 2015

Crude Oil Cuttings for the Week Ended June 26, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 6/26/15)

Current: 465,379

Actual Build/(Withdrawal): 2,386

Economist Average Estimate: (1,782)

Previous: 462,993

Click here for the chart with five year averages.

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


Important disclosures: The …

July 1, 2015 - 11:18 am Oil and Gas 360 Articles

Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock

Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock

July 1, 2015 - 7:00 am 360 Company Releases

Energy XXI Announces the Sale of the East Bay Field, Closes the Grand Isle Gathering System Monetization, and Issues Operations Update

Energy XXI Announces the Sale of the East Bay Field, Closes the Grand Isle Gathering System Monetization, and Issues Operations Update

July 1, 2015 - 7:00 am 360 Company Releases