Archive for August, 2015

Anadarko Finds Mozambique-Gas Buyers as State Mulls Go-Ahead

Story by Bloomberg

Anadarko Petroleum Corp. has clinched almost all the supply accords it needs to bring a natural-gas project in Mozambique to fruition and is awaiting state consent to export the fuel as U.S. competition gathers pace.

The company …

August 26, 2015 - 11:45 am Energy News
Crude Oil Cuttings for the Week Ended August 21, 2015

Crude Oil Cuttings for the Week Ended August 21, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 8/21/15)

Current: 450,761

Actual Build/(Withdrawal): (5,452)

Economist Average Estimate: 986

Previous: 456,213

Click here for the chart with five year averages.

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


Important disclosures: The …

August 26, 2015 - 11:19 am Oil and Gas 360 Articles

Petrobras Issues $833 Million in Public Debentures

Petrobras Press Release

Petrobras, pursuant to the provisions of Brazilian Securities and Exchange Commission Instruction 358, of January 3, 2002, as amended, hereby announces that it has submitted, on this date, to the Brazilian Financial and Capital Markets Association (ANBIMA), …

August 26, 2015 - 10:30 am Energy News
Experts Discuss OPEC v. Shale, Lifting Crude Oil Export Ban

Experts Discuss OPEC v. Shale, Lifting Crude Oil Export Ban

On the final day of EnerCom’s The Oil & Gas Conference®, a number of energy experts shared their insight into energy market opportunities.

James Constas, EnerCom Managing Director

EnerCom Managing Director James Constas gave a presentation called “Saudi America: the …

Encana in the Haynesville: From Entry to Today’s $850 Million Exit

Encana in the Haynesville: From Entry to Today’s $850 Million Exit

Calgary-based Encana Corporation (ticker: ECA) made a big jump in reducing its debt on August 25, 2015, selling the entirety of its assets in the Haynesville for total cash consideration of $850 million. The buyer, GEP Haynesville (a joint venture …

Generating 20% IRRs with $38 Oil

Generating 20% IRRs with $38 Oil

EnerCom Analytics’ well cost sensitivity by basin

EnerCom Analytics Well Cost Sensativite 08252015

EnerCom Analytics ran an analysis of well costs for various basins in December to help illustrate at what cost wells needed to be drilled to generate at least 20% IRRs. With oil prices …

Source: Gazprom. LNG Tanker

Quebec Approves $800 Million LNG Project

Stolt LNGaz receives approval from Quebec government for new LNG plant

The Quebec government yesterday approved the Stolt LNGaz natural gas liquefaction plant in Becancour, Quebec. The LNG project will produce 500,000 tons of LNG to be distributed to customers …

August 25, 2015 - 6:24 pm Canada, International, LNG, Midstream, Oil and Gas 360 Articles

Cobalt International Energy, Inc. Names Chief Financial Officer

Cobalt International Energy, Inc. (“Cobalt”) (CIE) today announced that Shannon (Shane) E. Young, III will join Cobalt as Chief Financial Officer and Executive Vice President. Mr. Young is currently Senior Vice President & Chief Financial Officer for Talos …

August 25, 2015 - 6:17 pm Energy News

Transocean Ltd. Announces Extraordinary General Meeting, Proposes Cancellation of Dividend

Transocean Ltd. (RIG) (RIGN.VX) announced today that the company will convene an Extraordinary General Meeting of Shareholders (“EGM”). The EGM, which will be open to shareholders of record as of October 12, 2015, will be held …

August 25, 2015 - 6:15 pm Energy News
Das Windprojekt "Hornsdale" entsteht im australischen Capital Territory (ACT) aus 32 direkt angetriebenen Windturbinen vom Typ Siemens SWT-3.2-113.

The Hornsdale wind project, located in the Australian Capital Territory (ACT), will consist of 32 Siemens SWT-3.2-113 direct drive wind turbines.

Australia Removes Wind Projects from $2 Billion Renewable Development Fund

The Australian government will no longer allow the Clean Energy Finance Corporation to invest in wind

Australia’s Clean Energy Finance Corporation (CEFC) received a directive from the Australian government to stop investing in future wind power projects. Australian Prime Minister …

August 25, 2015 - 12:59 pm International, Oil and Gas 360 Articles
Source: Energy.gov

PJM Auction Looks Bullish with 25% Price Increase

PJM Interconnection sells more energy at a higher price this year

PJM Interconnection, the nation’s largest grid operator, released its annual capacity auction results late last week. The auction is for capacity three years ahead – that is to say, …

August 25, 2015 - 12:30 pm Oil and Gas 360 Articles

RSP Permian, Inc. Completes Bolt-on Midland Basin Acquisitions and Increases Borrowing Base

RSP Permian, Inc. (“RSP” or the “Company”) (RSPP) has closed its previously announced bolt-on acquisitions in the Company’s existing core operating areas in the Midland Basin for an aggregate purchase price of approximately $274 million in cash, subject …

August 25, 2015 - 10:31 am Energy News

Russian Security Service Said to Stall Schlumberger Deal

Story by Bloomberg

Russia’s Federal Security Service, the main successor to the KGB, is holding up Schlumberger Ltd.’s acquisition of a 46 percent stake in Eurasia Drilling Co., according to two people with knowledge of the matter.

The FSB, as …

August 25, 2015 - 10:29 am Energy News

LINN Energy Appoints New CFO

LINN Energy, LLC (LINE) (“LINN” or the “Company”) and LinnCo, LLC (LNCO) (“LinnCo”) announced today that David B. Rottino has been appointed as Executive Vice President and Chief Financial Officer of both LINN and LinnCo, effective …

August 25, 2015 - 10:23 am Energy News

Encana Reaches Agreement to Sell Its Haynesville Natural Gas Assets

Encana Corporation (Encana) (ECA.TO) (ECA.TO)announced today that its wholly-owned subsidiary, Encana Oil & Gas (USA) Inc., has reached an agreement to sell its Haynesville natural gas assets, located in northern Louisiana, to GEP Haynesville, LLC …

August 25, 2015 - 10:22 am Energy News

Synergy Resources Corporation Names CFO, Other Additions to Team

Synergy Resources Corporation(NYSE MKT: SYRG) (“Synergy” or the “Company”) an oil and gas exploration and production company focused in the Denver-Julesburg Basin announced it has hired James P. Henderson as Executive Vice President Finance and Chief Financial Officer. Mr. …

August 25, 2015 - 10:15 am Energy News
Interview with Richard Thompson, President and CEO of Marquee Energy at The Oil & Gas Conference® 20

Interview with Richard Thompson, President and CEO of Marquee Energy at The Oil & Gas Conference® 20

Marquee Energy’s CEO, Richard Thompson, speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20.


Marquee Energy – The Oil & Gas Conference® 20 Webcast

August 24, 2015 - 7:27 pm Oil and Gas 360 Articles, Straight Answers, TOGC, Videos

Southern Company to Acquire AGL Resources in $12 Billion Transaction, Creating Leading U.S. Electric and Gas Utility

  • Creation of new, U.S.-leading electric and natural gas utility with approximately nine million utility customers in nine states
  • AGL Resources shareholders to receive $66 per share, a premium of 36 percent
  • Transaction expected to be accretive to Southern Company earnings
August 24, 2015 - 6:52 pm Energy News
Unit Corporation – Day Three Breakout Notes

Unit Corporation – Day Three Breakout Notes

Larry Pinkston, President, Chief Executive Officer and Chief Operating Officer of Unit Corporation (NYSE: UNT), presented today at EnerCom’s The Oil & Gas Conference® 20.

Unit Corporation is a diversified energy company engaged through its subsidiaries in the exploration for …

Interview with Mel Riggs of Clayton Williams Energy at The Oil & Gas Conference® 20

Interview with Mel Riggs of Clayton Williams Energy at The Oil & Gas Conference® 20

Clayton Williams Energy’s President, Mel Riggs, spoke with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20.

 

 

August 24, 2015 - 6:41 pm Oil and Gas 360 Articles, Straight Answers, TOGC, Videos
Oil Prices Fall Lower with Stock Market

Oil Prices Fall Lower with Stock Market

Concerns in China push global markets down

China’s Shanghai Composite index saw the single largest one-day percentage loss since 2007 earlier today, shedding 8.5% of its value. Even as Chinese authorities allowed pension funds managed by local governments to invest …

August 24, 2015 - 6:35 pm Commodity Pricing, International, Oil and Gas 360 Articles
Alta Mesa Holdings, L.P. – Day Three Breakout Notes

Alta Mesa Holdings, L.P. – Day Three Breakout Notes

Harlan H. Chappelle, President and Chief Executive Officer of Alta Mesa Holdings L.P., presented today at EnerCom’s The Oil & Gas Conference 20®.

Alta Mesa is a privately held company engaged in onshore oil and natural gas acquisition, exploitation, exploration …

August 24, 2015 - 6:15 pm Oil and Gas 360 Articles
Flotek Industries – Day Three Breakout Notes

Flotek Industries – Day Three Breakout Notes

John Chisholm, Chairman, President and Chief Executive Officer of Flotek Industries Inc. (NYSE: FTK), presented today at EnerCom’s The Oil & Gas Conference® 20.

Flotek is a global developer and distributor of a portfolio of innovative oilfield technologies, including specialty …

August 24, 2015 - 5:58 pm Oil and Gas 360 Articles
Boulder Energy Ltd. – Day Three Breakout Notes

Boulder Energy Ltd. – Day Three Breakout Notes

Clayton Thatcher, President of Boulder Energy Ltd. (OTCQX: BXO), presented today at EnerCom’s The Oil & Gas Conference® 20.

Boulder Energy Ltd. is a growth-oriented junior oil and natural gas producer based in Calgary, Alberta. Boulder’s primary focus is driving …

August 24, 2015 - 5:23 pm Oil and Gas 360 Articles
Opening Up the Global Energy Markets: U.S. LNG Exports are Only Months Away

Opening Up the Global Energy Markets: U.S. LNG Exports are Only Months Away

LNG: Energy CEOs talk about exporting U.S. shale gas to Europe, Asia

“We are changing the way the global natural gas markets are going to function”—Charif Souki, Cheniere Energy CEO

The exportation of liquefied natural gas (LNG) and crude oil …

August 24, 2015 - 5:20 pm LNG, Midstream, Oil and Gas 360 Articles, Regulatory
Granite Oil Corp. – Day Three Breakout Notes

Granite Oil Corp. – Day Three Breakout Notes

Michael Kabanuk, President and Chief Executive Officer of Granite Oil Corporation (TSX: GXO), presented today at EnerCom’s The Oil & Gas Conference 20®.

Granite Oil Corp. is a dividend-paying, junior oil producer based in Calgary, Alberta that owns and operates …

August 24, 2015 - 5:13 pm Oil and Gas 360 Articles

Baytex Announces Updated Guidance for 2015; Capital Program Reduced, Dividend Suspended

Baytex Energy Corp. (“Baytex”) (BTE)(BTE) announces updated guidance for 2015 and enhanced sustainability through a reduced capital program and suspension of the monthly dividend.

“It is imperative that we position our company to withstand the current …

August 24, 2015 - 4:47 pm Energy News

Plains All American Completes Public Offering of $1.0 Billion of Senior Notes

Plains All American Pipeline, L.P. (NYSE: PAA) today announced that it has completed an underwritten public offering of $1.0 billion aggregate principal amount of 4.65% senior unsecured notes due October 15, 2025, at a public offering price of 99.846% …

August 24, 2015 - 4:44 pm Energy News

Sonangol and Cobalt Announce $1.75 Billion Transaction

The Angolan National Concessionaire Sociedade Nacional de Combustíveis de Angola – Empresa Pública (“Sonangol”) and Cobalt International Energy, Inc. (“Cobalt”) (CIE) today announced the signing of a Sale and Purchase Agreement for Sonangol to acquire all of Cobalt’s …

August 24, 2015 - 4:41 pm Energy News
Global Liquids Inventories Growing at the Fastest Rate in 17 Years

Global Liquids Inventories Growing at the Fastest Rate in 17 Years

Lower oil prices push liquid storage levels higher

As global oil production continues to outpace demand, storage levels for petroleum and other liquids has grown at a pace not seen in 17 years. Total global liquids inventories are estimated to …

August 24, 2015 - 4:19 pm Commodity Pricing, Oil and Gas 360 Articles