Archive for August, 2015

Callon Petroleum Company Announces Second Quarter 2015 Results and Increases Annual Production Guidance

Callon Petroleum Company Announces Second Quarter 2015 Results and Increases Annual Production Guidance

August 5, 2015 - 4:15 pm 360 Company Releases

SandRidge Energy, Inc. Updates Shareholders on Operations and Reports Financial Results for Second Quarter and First Six Months of 2015

SandRidge Energy, Inc. Updates Shareholders on Operations and Reports Financial Results for Second Quarter and First Six Months of 2015

August 5, 2015 - 4:15 pm 360 Company Releases
(FILES) This file photo dated 08 September, 2004 shows a PetroChina gas station attendant in Beijing returning the nozzle at the pumps.  Fidelity Investments, the world's largest mutual fund firm, has sold the bulk of its American Depositary Receipts (ADR) in PetroChina amid pressure from United States activists upset over its parent's interests in Sudan, reports said 17 May 2007.  AFP PHOTO / FILES / Frederic J. BROWN

PetroChina Wins Dismissal of U.S. Lawsuit

Investors sue PetroChina for violating U.S. securities laws

U.S. District Judge Edgardo Ramos in Manhattan dismissed claims against Chinese oil giant PetroChina (ticker: PTR) regarding declines in the company’s share price after company officials were included in an anti-graft probe …

August 5, 2015 - 4:11 pm International, Oil and Gas 360 Articles
U.S. Trade Deficit Reaches $43.8 Billion

U.S. Trade Deficit Reaches $43.8 Billion

Exports of both crude oil and natural gas fell; imports of energy products increased

The U.S. international trade deficit in goods and services increased to $43.8 billion in June from $40.9 billion in May, according to the U.S. Census Bureau

August 5, 2015 - 3:40 pm Oil and Gas 360 Articles
What Lies Ahead for the Oil & Gas Industry?

What Lies Ahead for the Oil & Gas Industry?

  • With share prices halved along with oil prices, investing opportunities abound

  • What’s coming in 2016?

  • Institutional investors head to Denver Aug. 16-20 to listen to the oil & gas sector’s go-forward strategies


Where is the industry today and where is

Power Sector Carbon Dioxide Emissions Hit 27-Year Low

Power Sector Carbon Dioxide Emissions Hit 27-Year Low

Carbon emissions from the power sector at lowest level since 1988

Electrical Power Sector Carbon Emissions

The electric power sector emitted 128 million metric tons of carbon dioxide (MMmt CO2) in April 2015, according to information from the Energy Information Administration (EIA). This …

August 5, 2015 - 12:26 pm Chart of Week, Oil and Gas 360 Articles
Crude Oil Cuttings for the Week Ended July 31, 2015

Crude Oil Cuttings for the Week Ended July 31, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 7/31/15)

Current: 455,275

Actual Build/(Withdrawal): (4,407)

Economist Average Estimate: (1,366)

Previous: 459,682

Click here for the chart with five year averages.

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


Important disclosures: The …

August 5, 2015 - 12:19 pm Oil and Gas 360 Articles

RSP Permian, Inc. Prices Upsized Public Offering of Common Stock, Expects Gross Proceeds of $157.5 Million

RSP Permian, Inc. (“RSP” or the “Company”) (RSPP) today announced that it has priced an underwritten public offering of 7,000,000 shares of its common stock at $22.50 per share. The offering was upsized to 7,000,000 shares of common …

August 5, 2015 - 11:22 am Energy News

What Lies Ahead for the Oil & Gas Industry? EnerCom’s The Oil & Gas Conference(R) Brings Industry and Investment Professionals Together in Denver

What Lies Ahead for the Oil & Gas Industry? EnerCom’s The Oil & Gas Conference(R) Brings Industry and Investment Professionals Together in Denver

August 5, 2015 - 10:16 am 360 Company Releases

What Lies Ahead for the Oil & Gas Industry? EnerCom’s The Oil & Gas Conference(R) Brings Industry and Investment Professionals Together in Denver

What Lies Ahead for the Oil & Gas Industry? EnerCom’s The Oil & Gas Conference(R) Brings Industry and Investment Professionals Together in Denver

August 5, 2015 - 10:16 am 360 Company Releases

What Lies Ahead for the Oil & Gas Industry? EnerCom’s The Oil & Gas Conference(R) Brings Industry and Investment Professionals Together in Denver

What Lies Ahead for the Oil & Gas Industry? EnerCom’s The Oil & Gas Conference(R) Brings Industry and Investment Professionals Together in Denver

August 5, 2015 - 10:16 am 360 Company Releases

Bellatrix Exploration Ltd. Announces Second Quarter 2015 Financial Results

Bellatrix Exploration Ltd. Announces Second Quarter 2015 Financial Results

August 5, 2015 - 2:05 am 360 Company Releases

Emerald Oil Reports Second Quarter 2015 Financial and Operational Results, Guidance Increase, Credit Facility and Term Loan Facility Update

Emerald Oil Reports Second Quarter 2015 Financial and Operational Results, Guidance Increase, Credit Facility and Term Loan Facility Update

August 4, 2015 - 7:04 pm 360 Company Releases
Downstream Offers Integrated Majors a Ray of Sunshine Amid Stormy Second Quarter

Downstream Offers Integrated Majors a Ray of Sunshine Amid Stormy Second Quarter

International oil majors were burned but also warmed by low oil prices in Q2; and their new projects are moving forward

The second quarter has been tough for international oil majors like ExxonMobil (ticker: XOM), Chevron (ticker: CVX) and Royal …

Fox News announces candidate line-up for prime-time debate

Fox News has announced the line-up for the prime-time Republican presidential debate this Thursday, and here’s who qualified:

Real estate magnate Donald Trump; former Florida Gov. Jeb Bush; Wisconsin Gov. Scott Walker; former Arkansas Gov. Mike Huckabee; retired neurosurgeon Ben …

August 4, 2015 - 6:24 pm Energy News
Drill Rig in Alaska - Oil & Gas 360

Long Run Exploration Enters in $200 Million Private Placement

Long Run Exploration Ltd. Enters Into Agreement for $200 Million Private Placement

Long Run Exploration Ltd. (“Long Run” or the “Company”) (LRE.TO) is pleased to announce that it has entered into an agreement for a private placement to …

August 4, 2015 - 6:03 pm Canada
Whiting Petroleum: Enhanced Completions Yielding Big Results

Whiting Petroleum: Enhanced Completions Yielding Big Results

Production Uplifts of 40% to 50%

Whiting Petroleum (ticker: WLL), a Denver-based exploration and production company, set a personal record of 170,425 BOEPD (89% liquids) in its Q2’15 earnings release, issued on July 29, 2015. The volumes exceed the …

Bottoms up? Lunchtime drinking making comeback, some say

Story by the Chicago Tribune

The booze was flowing freely on a recent Friday at Gibsons Bar & Steakhouse in the Gold Coast neighborhood.

Some who were sitting on the sidewalk patio or inside at the bar were unmistakably tourists, …

August 4, 2015 - 5:49 pm Energy News

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

August 4, 2015 - 4:30 pm 360 Company Releases
Algeria to Spend $64 Billion Upstream to Reverse Production Declines in the next Three Years

Algeria to Spend $64 Billion Upstream to Reverse Production Declines in the next Three Years

70% of Algeria’s investment program over the next three years targeted at upstream activities

Algeria’s national oil and gas company, Sonatrach, plans to spend $64 billion, or 70% of its total investment program from 2015 to 2018, in upstream activities …

Oil Prices Recover 2.2%, but Hold Near Multi-Month Lows

Oil Prices Recover 2.2%, but Hold Near Multi-Month Lows

Weaker dollar helps oil prices find $46

West Texas Intermediate prices gained 2.2%, or $1, Tuesday after loses Monday, rising to $46.17 per barrel on the New York Mercantile Exchange. The recovery was boosted by a weaker dollar, making oil …

Bonterra Announces Cash Dividend

Bonterra Announces Cash Dividend

Bonterra Energy Corp. Confirms Cash Dividend for July 2015 Payable August 31, 2015

Bonterra Energy Corp. (www.bonterraenergy.com) (BNE.TO) announces that the July 2015 monthly cash dividend will be $0.15 per share and will be paid on …

August 4, 2015 - 11:34 am Canada
Holly Energy Partners Increased Dividend 9% Year-over-Year

Holly Energy Partners Increased Dividend 9% Year-over-Year

Holly Energy Partners, L.P. Reports Second Quarter Results

Holly Energy Partners, L.P. (“HEP” or the “Partnership”) (HEP) today reported financial results for the second quarter of 2015. For the quarter, distributable cash flow was $47.3 million, up $3.8 …

August 4, 2015 - 11:32 am MLPs

Oklahoma regulators impose water injection cut to stem earthquakes

Story by Reuters

Oklahoma regulators are imposing new restrictions on energy companies injecting wastewater underground, in the latest effort to stem a sharp increase in earthquakes.

The new rules, announced by the Oklahoma Corporation Commission on Monday evening, require operators …

August 4, 2015 - 11:03 am Energy News

Penn Virginia Corporation Engages Jefferies LLC as Exclusive Financial Advisor for Certain Eagle Ford-Related Transactions

Penn Virginia Corporation Engages Jefferies LLC as Exclusive Financial Advisor for Certain Eagle Ford-Related Transactions

August 4, 2015 - 10:24 am 360 Company Releases
VAALCO Energy Authorizes Share Buyback Program

VAALCO Energy Authorizes Share Buyback Program

VAALCO Energy, Inc. (NYSE: EGY) announced today that its Board of Directors has authorized the repurchase of up to 5.8 million shares of the Company’s common stock, which represents approximately 10% of the Company’s outstanding common stock, in open …

August 4, 2015 - 10:21 am Analytics, Energy News

Breitling Energy Announces New 14-Well Development Program

Breitling Energy Announces New 14-Well Development Program

August 4, 2015 - 9:57 am 360 Company Releases

VAALCO Energy Authorizes Share Buyback Program

VAALCO Energy Authorizes Share Buyback Program

August 4, 2015 - 8:00 am 360 Company Releases

Unit Corporation Reports 2015 Second Quarter Results

Unit Corporation Reports 2015 Second Quarter Results

August 4, 2015 - 7:30 am 360 Company Releases
Range Resources Maintains Production Growth, Strong Inventory of Wells Awaiting Completion by Yearend

Range Resources Maintains Production Growth, Strong Inventory of Wells Awaiting Completion by Yearend

Number of Oncoming Pipeline Projects in Place through 2017

Range Resources Corporation (ticker: RRC), one of the largest exploration and production companies in the Appalachia region, increased volumes on a quarter-over-quarter basis by 3% in its Q2’15 earnings released on …