Archive for July, 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

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 21, 2015 - 12:00 pm 360 Company Releases

Lonestar Announces Second Quarter 2015 Results And Conference Call

Lonestar Announces Second Quarter 2015 Results And Conference Call

July 21, 2015 - 10:08 am 360 Company Releases
VAALCO Energy Reports First Production from SEENT Platform Offshore Gabon

VAALCO Energy Reports First Production from SEENT Platform Offshore Gabon

VAALCO Energy (ticker: EGY), a Houston-based exploration and production company with operations in West Africa, has commenced production from its Southeast Etame/North Tchibala (SEENT) platform offshore Gabon. The Southeast Etame 2-H well returned 3,400 BOPD and is not producing any …

Whiting Petroleum Raises 2015 Capex by $300 Million

Whiting Petroleum Raises 2015 Capex by $300 Million

Whiting increases capex

Whiting Petroleum (ticker: WLL) announced that it will increase its capital expenditures for 2015 to $2.3 billion, $300 million more than originally planned, on the back of strong well results. According to a company press release, …

ConocoPhillips Increases Dividend, Cuts Deepwater Exploration

ConocoPhillips Increases Dividend, Cuts Deepwater Exploration

COP increases quarterly dividends by $12.3 million

ConocoPhillips (ticker: COP) announced that it will increase its quarterly dividend to $0.74 per share from $0.73 per share, according to the company’s press release. The dividend hike is expected to cost …

Oil Prices Dip Below $50 on Supply Concerns

Story by The Wall Street Journal

U.S. oil prices dipped below $50 a barrel Monday for the first time since April on continued concerns that global crude-oil supplies are overwhelming demand.

Light, sweet crude for August delivery settled down 74 …

July 20, 2015 - 6:36 pm Energy News
China set to More than Double Nuclear Capacity by 2020

China set to More than Double Nuclear Capacity by 2020

Additions to capacity would give China the third largest nuclear capacity worldwide

China plans to reach a nuclear capacity of 58 gigawatts (GW) and have another 30 GW of capacity under construction by 2020 in a push to reduce carbon …

July 20, 2015 - 6:32 pm International, Oil and Gas 360 Articles
Halliburton: North America Offers “Greatest Upside” When Oil Prices Recover

Halliburton: North America Offers “Greatest Upside” When Oil Prices Recover

True Price Recovery not expected until 2016

Refrac Opportunities a Factor in Current Market

“Weathering the storm” was the general theme of Halliburton’s (ticker: HAL) Q2’15 earnings call, highlighted by management explaining the widespread difficulties of the challenging commodity market. …

July 20, 2015 - 6:22 pm Earnings, Oil and Gas 360 Articles, Oilfield Services

Penn Virginia Corporation CEO and President Baird Whitehead Announces Retirement

Penn Virginia Corporation (PVA) today announced that H. Baird Whitehead has informed the Board of Directors of his plan to retire as President and Chief Executive Officer after more than 14 years of service, including four years in …

July 20, 2015 - 4:45 pm Energy News

Penn Virginia Corporation Chief Executive Officer and President Baird Whitehead Announces Retirement; Board Commences Chief Executive Officer Search

Penn Virginia Corporation Chief Executive Officer and President Baird Whitehead Announces Retirement; Board Commences Chief Executive Officer Search

July 20, 2015 - 4:05 pm 360 Company Releases

Keystone Pipeline System Safely Delivers One Billionth Barrel of Oil, Bringing Jobs, Growth and Energy Security to the U.S. and Canada

TransCanada Press Release

TransCanada Corporation (TRP.TO)(TRP.TO) (TransCanada) today announced it has safely delivered the one billionth barrel of Canadian and U.S. crude oil on the Keystone Pipeline System, contributing to U.S. energy security and generating, to …

July 20, 2015 - 11:33 am Energy News

Fort Worth billionaire Sid Bass to invest $125M for a 33% stake in Blue Bell

Story by the Dallas Business Journal

A sweet deal between Fort Worth oil and gas billionaire Sid Bass and Blue Bell Creameries LP would give Bass a one-third stake in the company and the ice creamery $125 million to resurrect …

July 20, 2015 - 11:27 am Energy News

Rowan Companies Provides Fleet Contract Status Update

Rowan Companies plc (“Rowan” or the “Company”) (NYSE: RDC) announced today that its report of drilling rig status and contract information has been updated as of July 20, 2015.  The report titled “Fleet Status Report” can be found on the …

July 20, 2015 - 11:25 am Energy News

VAALCO Energy Announces Strong Production Results From Southeast Etame Development Well

VAALCO Energy, Inc. (EGY) today announced that the Southeast Etame 2-H well, the first development well drilled in the Southeast Etame Field, was brought online at the rate of approximately 3,400 barrels of oil per day (approximately 850 …

July 20, 2015 - 11:22 am Energy News

Pacific Energy Development Announces Commencement of Drilling This Week on Seven New Wattenberg Wells

PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED) (the “Company”) announced today that drilling operations are expected to commence this week on the seven new Wattenberg horizontal wells in which the Company elected to participate for its full 25% …

July 20, 2015 - 11:20 am Energy News

VAALCO Energy Announces Strong Production Results From Southeast Etame Development Well

VAALCO Energy Announces Strong Production Results From Southeast Etame Development Well

July 20, 2015 - 8:41 am 360 Company Releases

Frontera and Naftogaz of Ukraine Sign MoU For Upstream and LNG Cooperation

Frontera Resources Corporation (AIM:FRR), an independent international oil and gas exploration and production company, today announces that on 13 July 2015 it signed a strategic Memorandum of Understanding (“MOU”) with Ukraine’s national energy company, National Joint Stock Company Naftogaz of …

July 17, 2015 - 5:57 pm Energy News

Emerald Oil Inc (EOX) Hits New 52-week Low During July 17 Session

Emerald Oil Inc (EOX) Hits New 52-week Low During July 17 Session

July 17, 2015 - 5:31 pm 360 Company Releases

Energy XXI Ltd. (EXXI) Hits New 52-week Low During July 17 Session

Energy XXI Ltd. (EXXI) Hits New 52-week Low During July 17 Session

July 17, 2015 - 5:31 pm 360 Company Releases

Vaalco Energy Inc. (EGY) Hits New 52-week Low During July 17 Session

Vaalco Energy Inc. (EGY) Hits New 52-week Low During July 17 Session

July 17, 2015 - 5:31 pm 360 Company Releases

Shell expects oil price recovery to take several years

Via Reuters:

LONDON (Reuters) – Royal Dutch Shell <RDSa.L> expects oil prices to recover gradually over the next five years, with progress slowed by persistent global oversupply and receding Chinese demand growth.

The Anglo-Dutch energy giant is betting on crude …

July 17, 2015 - 5:20 pm Energy News

Premiers reach ‘aspirational’ deal on national energy strategy

Via BNN

Canada’s premiers have reached a deal on the long-awaited Canadian Energy Strategy that officials describe as aspirational. It sets no Canada-wide hard targets for greenhouse gas emissions reductions but provides a roadmap for expansion of pipelines and the …

July 17, 2015 - 5:17 pm Energy News

Pa. will stop using industry-favored FracFocus database

Via EE News

Pennsylvania oil and gas officials are breaking with fellow state regulators and planning to drop the FracFocus website for reporting the chemicals used in hydraulic fracturing.

Next year, the state Department of Environmental Protection will shift to …

July 17, 2015 - 5:14 pm Energy News, Fracing
Eagle Ford Rigs Fall Below 100, Canada Continues Gains

Eagle Ford Rigs Fall Below 100, Canada Continues Gains

The Eagle Fords rig count fell below 100

The number of rigs drilling in the Eagle Ford fell below 100 for the first time since at least February 2011, according to information from Baker Hughes (ticker: BHI). The Eagle Ford …

Schlumberger Beats Q2 Consensus by 11% on Cost Efficiencies

Schlumberger Beats Q2 Consensus by 11% on Cost Efficiencies

Schlumberger announces EPS of $0.88 per share

 Oilfield services giant Schlumberger (ticker: SLB) released its second quarter results yesterday, beating expectations substantially despite lower revenues. SLB announced adjusted earnings per share (EPS) of $0.88 per share, beating the consensus of …

July 17, 2015 - 2:54 pm Earnings, Oil and Gas 360 Articles, Oilfield Services

VAALCO Announces Second Quarter 2015 Earnings Release And Conference Call

VAALCO Announces Second Quarter 2015 Earnings Release And Conference Call

July 17, 2015 - 1:45 pm 360 Company Releases
Husky Energy Begins Production at 10 MBOPD Thermal Project

Husky Energy Begins Production at 10 MBOPD Thermal Project

Husky currently has 44 MBOPD of thermal projections operating

Calgary based Husky Energy (ticker: HSE) announced today that production has started up at the company’s latest thermal project in Saskatchewan. First oil at the Rush Lake heavy oil thermal project …

July 17, 2015 - 12:41 pm Canada, Oil and Gas 360 Articles

U.S. oil rolls with OPEC’s punches while Brazil and Canada take hits

Source: Bloomberg

Eight months into OPEC’s plan to hit rival oil producers, the casualties are mounting. Surprisingly, the most resilient may be the one that triggered the fight: the U.S.

Projections for combined daily output from Brazil, Canada, Russia, Mexico

July 17, 2015 - 10:33 am Energy News

Whiting Petroleum Corporation Updates Production and Capex Guidance and Operations, Announces Non-Core Property Sales

Whiting Petroleum Corporation Updates Production and Capex Guidance and Operations, Announces Non-Core Property Sales

July 17, 2015 - 9:00 am 360 Company Releases
Blackbird Energy: Drilling the Liquids-Rich Window of Canada’s Montney

Blackbird Energy: Drilling the Liquids-Rich Window of Canada’s Montney

Canada’s Montney shale play, which stretches from Western Alberta northwest into British Columbia, has traditionally been gas focused, but a liquids- and condensate-rich window in the Montney has been attracting the attention of major names in the oil and gas …