Archive for July, 2015

Crude Oil Cuttings for the Week Ended July 10, 2015

Crude Oil Cuttings for the Week Ended July 10, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 7/10/15)

Current: 461,417

Actual Build/(Withdrawal): (4,346)

Economist Average Estimate: (1,242)

Previous: 465,763

Click here for the chart with five year averages.

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


Important disclosures: The …

July 15, 2015 - 11:18 am Oil and Gas 360 Articles
Crescent Point Energy Confirms Dividend

Crescent Point Energy Confirms Dividend

Crescent Point Energy Confirms July 2015 Dividend

Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (CPG) (CPG) confirms that the dividend to be paid on August 17, 2015, in respect of July 2015 production, for …

July 15, 2015 - 11:15 am Canada

Miller Energy Provides Clarifying Statement and Announces Receipt of State Tax Credit Funds

Miller Energy Provides Clarifying Statement and Announces Receipt of State Tax Credit Funds

July 15, 2015 - 8:01 am 360 Company Releases

Sanchez Energy Announces Second Quarter 2015 Operating Results

Sanchez Energy Announces Second Quarter 2015 Operating Results

July 15, 2015 - 7:00 am 360 Company Releases
WPX Energy Adds Permian Basin to Portfolio with $2.75 Billion Acquisition

WPX Energy Adds Permian Basin to Portfolio with $2.75 Billion Acquisition

WPX Establishes Fourth Core Area

Wells Provide 30% Return at $60/barrel

WPX Energy (ticker: WPX) is moving into the most prolific oil play in the United States.

On July 14, 2015, the Tulsa-based company announced the acquisition of privately held …

Higher Gasoline Costs Sent Consumer Price Index Soaring in April - 360

United States Gasoline Prices Lowest Since 2009… Except in California

California gas prices $0.95 above national averages

Nationally, the average price of a gallon of gas is just $2.77. But the average price in California is $3.72, with average prices in the L.A. area even higher at $4.05/gal, the Automobile …

July 14, 2015 - 6:53 pm Downstream, Oil and Gas 360 Articles
Moscow Looks to Supply Natural Gas Directly to Greece

Moscow Looks to Supply Natural Gas Directly to Greece

Russian Energy Minister Alexander Novak said the two countries are looking to increase energy ties

Moscow is considering shipping natural gas directly to Greece through the Turkish Stream Pipeline, which it hopes to build across Greek territory, reports International Business

July 14, 2015 - 6:50 pm International, Midstream, Oil and Gas 360 Articles
Trans-Alaska oil pipeline

Whitecap Resources Inc. Announces Appointment of Director

Whitecap Resources Inc. Announces Appointment of Director

Whitecap Resources Inc. (WCP.TO) is pleased to announce that Daryl H. Gilbert has been appointed to the Whitecap Board of Directors effective July 14, 2015 and will also serve as a …

July 14, 2015 - 6:14 pm Canada

PetroQuest Energy, Inc. Invites You To Join Its Second Quarter 2015 Earnings Conference Call

PetroQuest Energy, Inc. Invites You To Join Its Second Quarter 2015 Earnings Conference Call

July 14, 2015 - 4:17 pm 360 Company Releases
Source: theiet.org

Iran Deal Reached: Predictions on Added Crude Exports Range from 400-800 MBOPD

Opinions vary widely on how much Iranian crude will hit the market and when we can expect to see it

The much anticipated deal between Iran and the five permanent members of the U.N. Security Council, plus Germany (P5+1), was …

WSA Spotlights Three Canadian Companies in June That Are Making Big Moves

WSA Spotlights Three Canadian Companies in June That Are Making Big Moves

July 14, 2015 - 2:07 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 14, 2015 - 12:00 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 14, 2015 - 12:00 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 14, 2015 - 12:00 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 14, 2015 - 12:00 pm 360 Company Releases

Laredo Petroleum Schedules Second-Quarter 2015 Earnings Conference Call for August 6 and Provides Commodity Derivatives Update

Second-Quarter 2015 Conference Call
Thursday, August 6, 2015
9:00 a.m. CT (10:00 a.m. ET)
Dial-in number: 877.930.8286
International dial-in number: 253.336.8309
Conference Code: 78876918

TULSA, OK – July 14, 2015– Laredo Petroleum, Inc. (LPI) (“Laredo” or the …

July 14, 2015 - 10:50 am Energy News

Warren Resources Commences CEO Search

Warren Resources, Inc. (WRES) today announced that it has commenced a search for a Chief Executive Officer. The Company has retained executive search firm Egon Zehnder to assist with the selection process.

In making the announcement, Warren’s Interim …

July 14, 2015 - 10:42 am Energy News
Samson Oil & Gas Advisory

Samson Oil & Gas Advisory

Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN):

TOTAL COMPANY PRODUCTION

Samson’s net monthly production, for the last six months, is as follows;

January February March April May June
OIL, BO 15,221 22,590 26,893 29,821 31,385 27,089
GAS,
July 14, 2015 - 10:23 am Analytics, Energy News

Miller Energy Announces Timing for Reporting Its Fiscal Fourth Quarter and Full Year 2015 Financial Results

Miller Energy Announces Timing for Reporting Its Fiscal Fourth Quarter and Full Year 2015 Financial Results

July 14, 2015 - 8:00 am 360 Company Releases

Samson Oil & Gas Advisory

Samson Oil & Gas Advisory

July 13, 2015 - 9:00 pm 360 Company Releases

Exterran Holdings Announces Preliminary Second Quarter Financial Results of Businesses to Be Spun-off

Exterran Holdings, Inc. (EXH) announced today certain preliminary second quarter 2015 financial results for the businesses to be spun-off.

As announced in November 2014, Exterran Holdings intends to separate its international contract operations, international aftermarket services and global …

July 13, 2015 - 7:08 pm Energy News

Rex Energy Announces New Chief Operating Officer

Rex Energy Corporation (REXX) announced that it has appointed Robert W. Ovitz as Chief Operating Officer of the company. Mr. Ovitz, who most recently served as the Senior Vice President, Operations for the company, assumes the COO role …

July 13, 2015 - 7:06 pm Energy News

Valero Energy Corporation Declares Regular Cash Dividend on Common Stock and Announces Additional Share Repurchase Authorization

Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has declared a regular quarterly cash dividend on the company’s common stock of $0.40 per share.  The dividend is payable on September 2, 2015 to holders of record at the …

July 13, 2015 - 7:04 pm Energy News

Black Hills Corp. to Acquire SourceGas Holdings for $1.9 Billion

  • Strategic acquisition accretive to EPS, beginning first calendar year after closing
  • Highly complementary fit enhances operating scale and efficiency of service delivery to customers
  • Increases customer base by 55%, to more than 1.2 million electric and natural gas utility customers
July 13, 2015 - 6:50 pm Energy News
PetroQuest Energy Updates Thunder Bayou Production Rate

PetroQuest Energy Updates Thunder Bayou Production Rate

PetroQuest Energy, Inc. (PQ) announced today that its Thunder Bayou discovery well (NRI – 37%) in Vermilion Parish, LA is currently producing at a gross daily rate of approximately 28,000 Mcf of gas, 900 Bbls of oil and …

July 13, 2015 - 6:45 pm Analytics, Energy News
Source: TAQA

Dutch Government Bans Hydraulic Fracturing for Five Years

Exploration wells to be allowed with permission from the government

Dutch Minister of Economic Affairs Henk Kamp announced that the government will impose a ban on hydraulic fracturing until 2020. “No commercial exploration or extraction of shale gas will take …

OPEC: Too Close to Call - Oil & Gas 360

OPEC Raises 2015 Oil Demand Growth Estimate to 1.28 Million Barrels per Day

OPEC sees ‘a more balanced market’ – a higher demand for its crude oil in 2016

The Organization of Petroleum Exporting Countries (OPEC) released its Oil Monthly Report (OMR) for July, predicting economic growth would continue to drive oil …

MLP of Marathon Petroleum Acquires MarkWest Energy Partners for $20 Billion

MLP of Marathon Petroleum Acquires MarkWest Energy Partners for $20 Billion

Combined Companies will Create Fourth Largest MLP

MPLX LP (ticker: MPLX), the master limited partnership (MLP) vehicle of Marathon Petroleum (ticker: MPC), has announced the oil and gas industry’s third-largest acquisition to date in 2015.

According to news releases from …

July 13, 2015 - 6:16 pm Midstream, MLPs, Oil and Gas 360 Articles

Emerald Oil, Inc. Hosting Second Quarter 2015 Earnings Conference Call

Emerald Oil, Inc. Hosting Second Quarter 2015 Earnings Conference Call

July 13, 2015 - 6:00 pm 360 Company Releases

Penn Virginia Corp. (PVA) Hits New 52-week Low During July 13 Session

Penn Virginia Corp. (PVA) Hits New 52-week Low During July 13 Session

July 13, 2015 - 5:31 pm 360 Company Releases