Archive for July, 2015

WTI Prices Up as DOE Reports Crude Draw

WTI Prices Up as DOE Reports Crude Draw

WTI closed higher for the first time in five sessions yesterday

The front month West Texas Intermediate contract is up $1.25 from yesterday’s close of $47.98 per barrel. The 2.3% increase in WTI front month contracts marked the first time …

Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Murkowski/Cantwell’s Energy Modernization Bill Would Accelerate FERC’s LNG Decisions to 45 Days

Bipartisan bill hopes to renovate U.S. energy policy, facilitate infrastructure updates, protect the grid from attack, modernize SPR, identify “critical mineral supply”, fix national park maintenance backlog

Earlier this week, U.S. Senate Committee on Energy and Natural Resources (ENR) Chairman …

July 29, 2015 - 4:58 pm LNG, Oil and Gas 360 Articles, Politics & Opinions

Layoffs in Oil and Gas

Via The Wall Street Journal

U.S. energy companies are planning more layoffs, asset sales and financial maneuvers to deal with a recent, sudden drop in U.S. crude-oil prices to under $50 a barrel, the lowest level in four months.

The …

July 29, 2015 - 4:53 pm Energy News
Tamarack Valley Announces Q2 Results with Capital Update

Tamarack Valley Announces Q2 Results with Capital Update

Tamarack Valley Energy Ltd. Announces Second Quarter 2015 Production and Reduces 2015 Capital Budget While Maintaining Average Daily Production Guidance

Tamarack Valley Energy Ltd. (“Tamarack” or the “Company“) (TSX VENTURE:TVE) is pleased to announce estimated …

July 29, 2015 - 4:07 pm Canada

Penn Virginia Corporation Announces Second Quarter 2015 Results and Provides Updates of 2015 Guidance and Operations

Penn Virginia Corporation Announces Second Quarter 2015 Results and Provides Updates of 2015 Guidance and Operations

July 29, 2015 - 4:05 pm 360 Company Releases

Lonestar Resources, Ltd. Releases Quarterly Report For June 2015

Lonestar Resources, Ltd. Releases Quarterly Report For June 2015

July 29, 2015 - 4:00 pm 360 Company Releases

Whiting Petroleum Corporation Announces Second Quarter 2015 Financial and Operating Results

Whiting Petroleum Corporation Announces Second Quarter 2015 Financial and Operating Results

July 29, 2015 - 4:00 pm 360 Company Releases
Industrial Natural Gas Consumption Up 24% Since 2009

Industrial Natural Gas Consumption Up 24% Since 2009

Natural gas expected to continue growth after more than a decade of decline

Industrial use of natural gas is up 24% from 2009 levels of consumption after more than a decade of steady declines. Industrial facilities, including methanol plants and …

July 29, 2015 - 1:26 pm Oil and Gas 360 Articles

Rex Energy Announces Second Quarter 2015 Production and Price Realizations

Rex Energy Corporation (REXX) announced second quarter 2015 production volumes and price realizations.

Production Results and Price Realizations

Rex Energy’s second quarter 2015 production increased to 206.8 MMcfe/d, a 5% increase from first quarter 2015, and exceeded the …

July 29, 2015 - 11:41 am Energy News

New Source Energy Partners L.P. Board of Directors Suspends Quarterly Cash Distribution on Common Units

New Source Energy Partners L.P. (NSLP) (the “Partnership” or “New Source”) announced today that the Board of Directors of its General Partner has decided to suspend the cash distribution on common units.

Kristian Kos, Chairman and Chief Executive …

July 29, 2015 - 11:26 am Energy News
Crude Oil Cuttings for the Week Ended July 24, 2015

Crude Oil Cuttings for the Week Ended July 24, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 7/24/15)

Current: 459,682

Actual Build/(Withdrawal): (4,203)

Economist Average Estimate: 134

Previous: 463,885

Click here for the chart with five year averages.

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


Important disclosures: The …

July 29, 2015 - 11:10 am 360 Company Releases

Bellatrix Announces Conference Call on Second Quarter 2015 Results

Bellatrix Announces Conference Call on Second Quarter 2015 Results

July 29, 2015 - 7:30 am 360 Company Releases

RPC, Inc. Reports Second Quarter 2015 Financial Results

RPC, Inc. Reports Second Quarter 2015 Financial Results

July 29, 2015 - 7:15 am 360 Company Releases

Miller Energy Resources Reports Fiscal Fourth Quarter and Full Year 2015 Results

Miller Energy Resources Reports Fiscal Fourth Quarter and Full Year 2015 Results

July 29, 2015 - 1:48 am 360 Company Releases

Sanchez Energy Corporation Adopts Rights Plan to Protect Net Operating Loss Carryforwards

Sanchez Energy Corporation Adopts Rights Plan to Protect Net Operating Loss Carryforwards

July 28, 2015 - 7:53 pm 360 Company Releases
By the Numbers:  Goodrich Petroleum Deals Portion of Eagle Ford Assets; Retains Future EF Upside and Provides Capital Liquidity

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

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 …

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

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, …

July 28, 2015 - 7:10 pm Energy News

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

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 …

July 28, 2015 - 6:52 pm Energy News

Abraxas Petroleum Provides Operations Update

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 …

July 28, 2015 - 6:51 pm Energy News

Lonestar Resources Announces Joint Development Agreement With IOG Capital

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 …

July 28, 2015 - 6:43 pm Energy News
DCP Midstream Announces $0.78 per Unit Distribution

DCP Midstream Announces $0.78 per Unit Distribution

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, …

July 28, 2015 - 6:39 pm MLPs
Two Fed Rate Hikes Possible Before 2016

Two Fed Rate Hikes Possible Before 2016

Final Fed meeting will set stage for expected rate hike

Many have been waiting and guessing at when the U.S. Federal Reserve will finally raise rates after maintaining them at 0.00% to 0.25% since 2008. Most analysts expect the move …

July 28, 2015 - 6:35 pm Oil and Gas 360 Articles
PrairieSky Announces Results from Q2’15

PrairieSky Announces Results from Q2’15

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
July 28, 2015 - 5:46 pm Canada
Husky Energy Announces Q2 Results

Husky Energy Announces Q2 Results

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 …

July 28, 2015 - 5:45 pm Canada

Resolute Energy Corporation to Announce Results for the Second Quarter Ended June 30, 2015, on Monday, August 10, 2015, and Hold Investor Conference Call on Tuesday, August 11 at 4:30 pm EDT; Receives Continued Listing Standard Notice From NYSE; and Announces Participation in Upcoming Investor Conference

Resolute Energy Corporation to Announce Results for the Second Quarter Ended June 30, 2015, on Monday, August 10, 2015, and Hold Investor Conference Call on Tuesday, August 11 at 4:30 pm EDT; Receives Continued Listing Standard Notice From NYSE; and …

July 28, 2015 - 4:40 pm 360 Company Releases

Range Announces Second Quarter 2015 Results

Range Announces Second Quarter 2015 Results

July 28, 2015 - 4:40 pm 360 Company Releases

Range to Host Second Quarter 2015 Earnings Conference Call and Webcast Live on Wednesday, July 29, 2015

Range to Host Second Quarter 2015 Earnings Conference Call and Webcast Live on Wednesday, July 29, 2015

July 28, 2015 - 4:06 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 28, 2015 - 4:05 pm 360 Company Releases

Lonestar Announces Joint Development Agreement With IOG Capital

Lonestar Announces Joint Development Agreement With IOG Capital

July 28, 2015 - 4:00 pm 360 Company Releases

Lonestar Announces Expanded Senior Secured Credit Facility And Enhanced Liquidity

Lonestar Announces Expanded Senior Secured Credit Facility And Enhanced Liquidity

July 28, 2015 - 4:00 pm 360 Company Releases