Thursday, July 31, 2025

Gastar Exploration Announces Borrowing Base Maintained At $200 Million

Gastar Exploration Inc. (NYSE MKT: GST) (“Gastar”) today announced that it has completed its second scheduled borrowing base redetermination of its revolving credit facility for 2015 and, as a result, the borrowing base has been reaffirmed by the lending participants at $200.0 million. Currently, Gastar has drawn $65.0 million under its revolving credit facility, resulting in $135.0 million of unused borrowing

Oil & Gas 360 Earnings Season

It’s Earnings Season! Company Releases

It’s Earnings Season! This page will be regularly updated with earnings releases as they are issued, so keep checking in! Subscribe to OAG360’s Industry Event Calendar for a comprehensive list of E&P, oilservice and refining company releases. [yikes-mailchimp form=”2″] November 20 Marquee Energy Ltd. – TSX Venture: MQL November 18 Integrated Environmental Technologies – OTC: IEVM November 16 GreenHunter Resources,

Rig Count Falls by 8 Over the Course of the Week

Rig counts remain low along with prices The total rig count in the United States for the week ended August 28, 2015, fell eight rigs to 877, according to information from Baker Hughes (ticker: BHI). Rig counts have remained in the same 50-rig range since the week ended May 1, 2015, after falling precipitously along with oil prices since the

oil and gas 360

Katrina + 10

A decade of healing  When Hurricane Katrina made landfall on the U.S. Gulf coast at New Orleans, Louisiana, on Sept. 29, 2005, the storm unleashed flood waters that devastated families, businesses and livelihoods. The single most catastrophic natural disaster in U.S. history CNN remembered the storm like this: “According to FEMA, Katrina is the single most catastrophic natural disaster in U.S. history. The

Interview with Brian Schmidt, CEO of Tamarack Valley Energy

Brian Schmidt, President and Chief Executive Officer of Tamarack Valley Energy Ltd. (CDNX: TVE), speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. Tamarack’s oil-focused assets include light oil resource plays throughout Alberta and highly economic heavy oil opportunities southeast of Lloydminster in Saskatchewan.

Synergy Resources Craig Rasmuson 2015 Interview

Craig Rasmuson, Chief Operating Officer of Synergy Resources, speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. Synergy has 451,000 gross (309,000 net) acres under lease in the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas, and Nebraska.

Halcón Resources Announces Debt Exchanges

Company Reduces Long-Term Debt by ~$548 Million Halcón Resources Corporation (HK) (“Halcón” or the “Company”) today announced that it has entered into privately negotiated exchange agreements with certain holders of its outstanding unsecured debt securities as part of its efforts to deleverage the Company’s balance sheet. Halcón has agreed to issue approximately $1.02 billion aggregate principal amount of new 13.00%

Illinois lottery winners have to wait for payout due to budget impasse

Story by the Chicago Tribune After years of struggling financially, Susan Rick thought things were looking up when her boyfriend won $250,000 from the Illinois Lottery last month. She could stop working seven days a week, maybe fix up the house and take a trip to Minnesota to visit her daughter. But because Illinois lawmakers have not passed a budget,

China

Strong Data Contributes to Oil Rebound, but will it Last?

Oil prices see the largest percent gain in six years The U.S. crude oil benchmark West Texas Intermediate closed today 10.3% higher at $42.56 per barrel. In percentage terms, that is the largest gain seen in WTI prices in one day since March 12, 2009. In dollar terms, it was the largest gain in three years. Global benchmark Brent crude

Total sells North Sea midstream assets for $905 million

Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus Gas Terminal to North Sea Midstream Partners for £585 million (around $905 million), subject to the customary approvals. “The sale of these midstream transportation assets is another example of Total’s strategy of active portfolio management and the strong

Katherine Spector CIBC 2015 Interview at The Oil & Gas Conference20

Katherine Spector, head of commodities strategy for CIBC, spoke to Oil & Gas 360® at EnerCom’s The Oil & Gas Conference® 20. In the interview Spector gives her views on oil prices, the OPEC vs. Shale concept and discusses the effects of Iran’s re-entry into the global oil markets.