Archive for July, 2015

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

Vaalco Energy Inc. (EGY) Hits New 52-week Low During July 13 Session

Vaalco Energy Inc. (EGY) Hits New 52-week Low During July 13 Session

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

PetroQuest Energy Updates Thunder Bayou Production Rate

PetroQuest Energy Updates Thunder Bayou Production Rate

July 13, 2015 - 4:01 pm 360 Company Releases
Watching Oil Prices: Last Monday’s Drop was One in Two-Thousand

Watching Oil Prices: Last Monday’s Drop was One in Two-Thousand

Historical oil price data shows one day price drops of 7.7% or higher are relatively rare

Last Monday saw the largest drop in oil prices for West Texas Intermediate (WTI) in four months, when the U.S. crude benchmark shed …

July 13, 2015 - 1:30 pm Commodity Pricing, Oil and Gas 360 Articles
Halliburton and Baker Hughes Agree to Extend DOJ Review in $34.6 Billion Merger Deal

Halliburton and Baker Hughes Agree to Extend DOJ Review in $34.6 Billion Merger Deal

Department of Justice given until November 25 to review Halliburton and Baker Hughes merger

Oilfield service giants Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) announced today that they have entered into a timing agreement with the Antitrust Division of …

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 13, 2015 - 12:41 pm 360 Company Releases

Warren Resources Provides Operational Update

  • Achieved second quarter production at the upper end of guidance
  • Commences completion operations for two Upper Marcellus wells
  • On target to achieve annual LOE and G&A of approximately $8 million
  • Reduced well costs below 2015 plan levels

NEW YORK, July …

July 13, 2015 - 11:40 am Energy News
Earthstone Energy, Inc. Provides an Operations Update

Earthstone Energy, Inc. Provides an Operations Update

Earthstone Energy, Inc. (NYSE MKT: ESTE) (“Earthstone,” the “Company,” “we” or “our”), today provided an operations update.

Acreage Update

On June 30, 2015, the Company acquired a 50% operated interest in approximately 970 gross acres and two gross Austin Chalk …

July 13, 2015 - 11:37 am Energy News

Plains All American Pipeline, L.P. and Plains GP Holdings Announce Appointment of Willie Chiang as EVP and COO (U.S.)

Plains All American Pipeline, L.P. (NYSE: PAA) and Plains GP Holdings (NYSE: PAGP) today announced that Willie Chiang has been appointed Executive Vice President and Chief Operating Officer for PAA’s U.S. operating and commercial activities. Mr. Chiang will …

July 13, 2015 - 11:27 am Energy News
Rig Counts: Canada Skyrockets, United States Adds One

Rig Counts: Canada Skyrockets, United States Adds One

North Dakota at Lowest Rig Count Since January 2010

The number of total rigs drilling in the United States rose for the third straight week, according to the most recent rig count from Baker Hughes (ticker: BHI). Total rigs drilling …

Synergy Resources: Targeting 50% Production Jump by End of August

Synergy Resources: Targeting 50% Production Jump by End of August

2016 Program Fully Funded

A combination of wells waiting completion and longer laterals have Synergy Resources (ticker: SYRG) projecting to exit Q4’15 (ending August 31) with volumes of 12,000 to 13,000 BOEPD. The company announced its Q3’15 volumes (three months …

Oil refiners’ “mini golden era” will end soon – IEA

Story by Reuters

A brief period of high profitability for the world’s oil refineries is likely to come to an end as quickly as it began, the International Energy Agency (IEA) said on Friday.

Weak crude oil and relatively high …

July 10, 2015 - 6:17 pm Energy News

Emerald Oil Inc (EOX) Hits New 52-week Low During July 10 Session

Emerald Oil Inc (EOX) Hits New 52-week Low During July 10 Session

July 10, 2015 - 5:31 pm 360 Company Releases

Penn Virginia Corp. (PVA) Hits New 52-week Low During July 10 Session

Penn Virginia Corp. (PVA) Hits New 52-week Low During July 10 Session

July 10, 2015 - 5:31 pm 360 Company Releases

PDC Energy Announces 2015 Second Quarter Investor Conference Call – Monday, August 10, 2015

PDC Energy Announces 2015 Second Quarter Investor Conference Call – Monday, August 10, 2015

July 10, 2015 - 4:15 pm 360 Company Releases
Vermilion Energy Announces Dividend

Vermilion Energy Announces Dividend

Vermilion Energy Inc. Announces $0.215 CDN Cash Dividend for August 17, 2015 Payment Date

Vermilion Energy Inc. (“Vermilion”) (TSX, NYSE: VET) is pleased to announce a cash dividend of $0.215 CDN per share payable on August 17, 2015 to all …

July 10, 2015 - 1:40 pm Canada
Has U.S. Oil Production Already Rolled Over?

Has U.S. Oil Production Already Rolled Over?

Raymond James estimates U.S. production has been declining since March

The oil market may be tighter than many realize, according to analysis from Marshall Adkins and researchers at Raymond James. In a follow up to the research they did on …

Magellan Announces 1-for-8 Reverse Stock Split

Magellan Announces 1-for-8 Reverse Stock Split

July 10, 2015 - 12:27 pm 360 Company Releases
Top Minds in the Business: Mike Howard, CEO Howard Energy Partners

Top Minds in the Business: Mike Howard, CEO Howard Energy Partners

Energy infrastructure is becoming increasingly important as the United States steps into the role of the world’s largest producer, pumping about 55 quadrillion Btu (about 27.5 MMBOEPD) of petroleum and natural gas in 2014. The growth of production has …

Pennsylvania Forms Task Force to Oversee Construction of 25,000 Miles of Pipeline

Pennsylvania Forms Task Force to Oversee Construction of 25,000 Miles of Pipeline

New task force focuses on developing Pennsylvania infrastructure responsibly

In 2014, Pennsylvania became the second largest natural gas producing state after Texas, producing over 4 trillion cubic feet of natural gas last year, according to the Energy Information Administration. …

July 9, 2015 - 6:43 pm Midstream, Oil and Gas 360 Articles

Synergy Resources Reports Fiscal Third Quarter 2015 Results

Synergy Resources Corporation (NYSE MKT: SYRG), a U.S. oil and gas exploration and production company focused in the Denver-Julesburg Basin, today reported its fiscal third quarter results for the period ended May 31, 2015.

Third Quarter 2015 Financial

July 9, 2015 - 6:10 pm Energy News

Miller Energy Resources (MILL) Hits New 52-week Low During July 09 Session

Miller Energy Resources (MILL) Hits New 52-week Low During July 09 Session

July 9, 2015 - 5:31 pm 360 Company Releases
Oil and Gas Discoveries to Date in 2015

Oil and Gas Discoveries to Date in 2015

“If I had to do it over again I would do the same thing. I love the chase. The thrill of exploration.”

Bill Barrett, IPAMS 1993 Wildcatter of the Year, 2003 Hall of Fame Inductee

Oil and gas exploration …

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

Domestic Gasoline Demand Up 7.1% from Last Year

U.S. weekly crude oil output at 9.6 MMBOPD

Demand for automotive-grade gasoline (mogas) increased to 9.17 MMBOPD, a year-over-year increase of 7.1%, according to a note from Global Hunter Securities using data from the Energy Information Administration (EIA). Based on …

July 9, 2015 - 5:15 pm Oil and Gas 360 Articles
Matador Resources Company Provides Operational Update, Summary of Recent Corporate Events and Timing for Second Quarter Earnings Release and Conference Call

Matador Resources Company Provides Operational Update, Summary of Recent Corporate Events and Timing for Second Quarter Earnings Release and Conference Call

Matador Resources Company (MTDR) (“Matador” or the “Company”), an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, with a particular emphasis on oil and natural gas shale plays and …

July 9, 2015 - 5:11 pm Energy News

Callon Petroleum Company Announces Second Quarter 2015 Earnings Release and Conference Call Schedule

Callon Petroleum Company Announces Second Quarter 2015 Earnings Release and Conference Call Schedule

July 9, 2015 - 5:10 pm 360 Company Releases
Source: http://www.gazprom.com/press/gallery/events/649250/

Turkmenistan: Gazprom Has Become an Insolvent Partner

Turkmenistan’s gas company says Gazprom has yet to pay for Turkish gas this year

An official release from Turkmenistan’s state-run Turkmengas claimed that Russia’s gas giant Gazprom (ticker: OGZPY) had “become an insolvent partner … due to the continued global …

July 9, 2015 - 4:55 pm International, Oil and Gas 360 Articles
Source: Gassco Kollsnes

Enterprise Expands Propylene Pipeline System

Enterprise Expands Propylene Pipeline System; Converting North Dean and Lou-Tex Pipelines to Polymer Grade Service

Enterprise Products Partners L.P. (EPD) today announced a series of projects to convert and expand segments of its petrochemicals pipeline network designed to …

July 9, 2015 - 1:19 pm MLPs
Natural Gas Roundup for the Week Ended July 3, 2015

Natural Gas Roundup for the Week Ended July 3, 2015

roundup2NATURAL GAS INVENTORY (Week Ended 7/3/15)

Current: 2,668 Bcf

Actual Injection/(Withdrawal) per EIA: 91 Bcf

Economist Average Estimate per Bloomberg: 86 Bcf

Previous: 2,577 Bcf

Click here for the chart with five year averages.

Click here for an archive of

July 9, 2015 - 12:28 pm Oil and Gas 360 Articles
Sanchez Production Partners Initiates Capital Restructuring with a 1-for-10 Reverse Split

Sanchez Production Partners Initiates Capital Restructuring with a 1-for-10 Reverse Split

Sanchez Production Partners LP (NYSE MKT: SPP) (“SPP” or the “Partnership”) today announced that it intends to implement a 1-for-10 reverse split on its common units, effective after the market closes on August 3, 2015.

“Since the summer of 2013, …

July 9, 2015 - 12:00 pm Analytics, Energy News, MLPs