Archive for August, 2015

Virtus Oil and Gas Receives Permit Approval and is Set to Commence Drilling Operations in Utah this Week

Virtus Oil and Gas Corporation (VOIL) (“Virtus” or “the Company”) today announced Utah’s Bureau of Land Management (BLM) approved its permit to drill the Lone Pine 34-11-5 initial test well in Southern Utah.

The Lone Pine well will …

August 24, 2015 - 3:42 pm Energy News
Rig Count Remains Stable, Raymond James Anticipates Stronger Growth

Rig Count Remains Stable, Raymond James Anticipates Stronger Growth

Baker Hughes rig count for the week ended August 21, 2015

Baker Hughes (ticker: BHI) reported an increase of just one rig to the total number of rigs drilling for oil and natural gas in the United States for the …

Cheniere Adds Icahn to its Board

Via Houston Business Journal

Icahn gets seats on Cheniere’s board

Houston-based Cheniere Energy Inc. (NYSE MKT: LNG) has appointed two managing directors from Icahn Capital LP, a subsidiary of Icahn Enterprises LP (Nasdaq: IEP), to its board of directors.

The …

August 24, 2015 - 1:46 pm Energy News
Pennsylvania Receives Less from Oil and Gas Tax Revenue than Texas, Alaska

Pennsylvania Receives Less from Oil and Gas Tax Revenue than Texas, Alaska

Via Philadelphia Business Journal

Pennsylvania gets smaller share of tax revenue from oil and gas extraction than Texas, Alaska

Less than 1 percent of Pennsylvania’s tax revenue comes from taxes and fees generated directly from the extraction of oil and …

August 24, 2015 - 1:41 pm Energy News

Marathon Petroleum had Competitors for MarkWest

Via Columbus Business Journal

Marathon Petroleum had 2 competitors for MarkWest, filing reveals

New details from a Marathon Petroleum Corp. subsidiary reveal two other companies were fighting for the rights to acquire MarkWest Energy Partners, a $2.01 billion oil and …

August 24, 2015 - 1:36 pm Energy News

Aubrey McClendon Plans to Spend $100 Million in Australia

Via Columbus Business Journal

Aubrey McClendon plans to spend $100 million in … Australia?

Oil and gas maven Aubrey McClendon has spent big on shale plays across the U.S., especially in Ohio. But now McClendon, founder of Chesapeake Energy Corp.

August 24, 2015 - 1:32 pm Energy News
TransCanada Reaches Deal on Energy East Project

TransCanada Reaches Deal on Energy East Project

Via MarketWired

TransCanada Reaches Agreement with Eastern LDCs On Energy East and Eastern Mainline Project

CALGARY, ALBERTA, Aug 24, 2015 (Marketwired via COMTEX) — TransCanada Corporation (TRP) TRP, -0.32% (TransCanada) today announced it has reached an agreement with Gaz Metro …

August 24, 2015 - 1:21 pm Canada, Energy News

South Korea Looks for Deal with Iran

Via Reuters:

South Korean officials visit Iran to seek post-sanction deals

SEOUL (Reuters) – South Korean government and corporate officials are visiting Iran this week to hunt out possible deals in the oil, gas and construction industries since an agreement …

August 24, 2015 - 1:18 pm Energy News
TOGC20 Private Company Panel: Focused on Relationships, Security and Rate of Return  

TOGC20 Private Company Panel: Focused on Relationships, Security and Rate of Return  

The Oil & Gas Conference® 20 stepped away from its traditional spotlight on public company presentations on Thursday morning, shifting its attention to a special private company panel. The participants included:

  • Caerus Oil & Gas, LLC: David Keyte, Chairman and
Interview with Charif Souki, CEO of Cheniere Energy at The Oil & Gas Conference® 20

Interview with Charif Souki, CEO of Cheniere Energy at The Oil & Gas Conference® 20

Cheniere Energy (ticker: LNG) CEO Charif Souki  spoke with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. Cheniere has a number of hydrocarbons export projects underway in various stages of construction …

August 20, 2015 - 4:24 pm Oil and Gas 360 Articles, Straight Answers, TOGC, Videos
U.S. Loosens Crude Oil Export Ban

U.S. Loosens Crude Oil Export Ban

Crude oil swap with Mexico approved

The United States will start to export light crude oil to Mexico as part of a crude oil swap, leading the U.S. another step closer to lifting the ban on exporting crude oil. The …

Vanguard Natural Resources – Day Two Breakout Notes

Vanguard Natural Resources – Day Two Breakout Notes

Richard Robert, Executive Vice President and Chief Financial Officer of Vanguard Natural Resources, LLC (NASDAQ: VNR), presented today at EnerCom’s The Oil & Gas Conference® 20.

Vanguard Natural Resources is a publicly traded limited liability company focused on the acquisition, …

August 20, 2015 - 1:08 pm 2015 TOGC Two, MLPs, Oil and Gas 360 Articles
Source: WPX

Integrated Environmental Technologies (IET) – Day Four Breakout Notes

David LaVance, Chairman, President and CEO of Integrated Environmental Technologies (IET; ticker: IEVM), presented today at EnerCom’s The Oil & Gas Conference 20®.

IET produces a biocide that targets hydrogen sulfide (H2S) down-well, reducing the level of the …

August 20, 2015 - 12:52 pm Oil and Gas 360 Articles

Petrobras Dismisses Reports of Fines related to U.S. Investigations

Petrobras News Release

Petróleo Brasileiro S.A. – Petrobras hereby declares that, in relation to news published in the media concerning the payment of a fine to the U.S. authorities, there are no ongoing negotiations regarding the eventual payment of a …

August 20, 2015 - 12:07 pm Energy News
Natural Gas Roundup for the Week Ended August 14, 2015

Natural Gas Roundup for the Week Ended August 14, 2015

roundup2NATURAL GAS INVENTORY (Week Ended 8/14/15)

Current: 3,030 Bcf

Actual Injection/(Withdrawal) per EIA: 53 Bcf

Economist Average Estimate per Bloomberg: 60 Bcf

Previous: 2,977 Bcf

Click here for the chart with five year averages.

Click here for an archive of

August 20, 2015 - 11:36 am Oil and Gas 360 Articles
A U.S. First  – an Offshore Wind Project is Under Construction

A U.S. First – an Offshore Wind Project is Under Construction

Block Island wind project is expected to generate 30 MW of electricityBlock Island Offshore Wind

Deepwater Wind’s Block Island project is beginning construction three miles off the coast of Rhode Island, making it the first offshore wind energy project to reach the construction …

August 20, 2015 - 10:15 am Offshore, Oil and Gas 360 Articles
Samson Oil & Gas Limited – Day Three Breakout Notes

Samson Oil & Gas Limited – Day Three Breakout Notes

Terry Barr, Chief Executive Officer of Samson Oil & Gas Limited (NYSE MKT: SSN), presented today at EnerCom’s The Oil & Gas Conference® 20.

Samson Oil & Gas Limited is an USA/Australian oil & gas company focusing on oil production …

August 20, 2015 - 9:40 am 360 Company Releases, Oil and Gas 360 Articles
Gear Energy – Day Two Breakout Notes

Gear Energy – Day Two Breakout Notes

Ingram Gillmore, President and Chief Executive Officer of Gear Energy Ltd. (TSX: GXE), presented today at EnerCom’s The Oil & Gas Conference 20®.

Gear Energy is a Canadian exploration and production company with predominantly horizontal heavy oil production in east …

August 20, 2015 - 9:23 am 2015 TOGC Two, Oil and Gas 360 Articles
Panhandle Oil & Gas – Day Two Breakout Notes

Panhandle Oil & Gas – Day Two Breakout Notes

Michael Coffman, President and Chief Executive Officer of Panhandle Oil & Gas Inc. (NYSE: PHX), presented today at EnerCom’s The Oil & Gas Conference® 20.

Panhandle Oil & Gas is engaged in the exploration for and production of natural gas …

August 20, 2015 - 9:14 am 2015 TOGC Two, Oil and Gas 360 Articles
EnerCom’s The Oil & Gas Conference® 20:  Positive Expectations amid Falling Prices

EnerCom’s The Oil & Gas Conference® 20: Positive Expectations amid Falling Prices

With Q2 in the rearview mirror, presenters in the first few days of Enercom’s The Oil & Gas Conference® 20 were smiling and even optimistic about the future prospects for their companies. Completion formulas and directional drilling successes were discussed …

August 19, 2015 - 7:11 pm Oil and Gas 360 Articles
Charif Souki of Cheniere Offers Insight at The Oil & Gas Conference® 20

Charif Souki of Cheniere Offers Insight at The Oil & Gas Conference® 20

Cheniere’s head gives his unique perspective

Charif Souki, CEO of Cheniere Energy (ticker: LNG), presented at lunch during EnerCom’s The Oil & Gas Conference® 20 in Denver, Colorado, today. After his speech, conference attendees asked for Souki’s unique insight into …

August 19, 2015 - 6:54 pm LNG, Oil and Gas 360 Articles

Marquee Energy Ltd. Announces Closing of Michichi Consolidation Acquisition

Marquee Energy Ltd. (“Marquee” or the “Company”) (TSXV: “MQL”) closed the previously announced strategic acquisition (the “Acquisition”) and accompanying facility financing (the “Facility Agreement”) to further consolidate its core Michichi area. The Acquisition includes approximately 550 boe/d, 21 net sections …

August 19, 2015 - 6:00 pm Energy News
Bonanza Creek Energy – Day Three Breakout Notes

Bonanza Creek Energy – Day Three Breakout Notes

Richard Carty, President and Chief Executive Officer of Bonanza Creek Energy, Inc. (NYSE: BCEI), presented today at EnerComs’ The Oil & Gas Conference® 20.

Bonanza Creek Energy, Inc. is an independent oil and natural gas company engaged in the acquisition, …

August 19, 2015 - 5:44 pm Oil and Gas 360 Articles, Popular
Wyoming Files Suit Opposing BLM Rule on Flaring - Oil & Gas 360 flare

New EPA Regulations set 45% Reduction Target on Methane from Oil, Natural Gas Drilling

New regulations target three main sources of emissions

The Environmental Protection Agency (EPA) announced earlier this week that it will set new regulations to lower methane emissions by 45% compared to 2012 levels. The move comes as part of an …

August 19, 2015 - 5:22 pm Oil and Gas 360 Articles, Regulatory
EcoStim Energy Solutions – Day Three Breakout Notes

EcoStim Energy Solutions – Day Three Breakout Notes

Chris Boswell, President and Chief Executive Officer of EcoStim Energy Solutions, Inc. (NASDAQ: ESES), presented today at EnerCom’s The Oil & Gas Conference® 20.

EcoStim is an environmentally-focused oilfield service and technology company providing proprietary field management technologies and well …

August 19, 2015 - 5:13 pm Oil and Gas 360 Articles
Crew Energy – Day Two Breakout Notes

Crew Energy – Day Two Breakout Notes

Rob Morgan, Senior Vice President and Chief Operating Officer of Crew Energy Inc. (TSX: CR), presented today at EnerCom’s The Oil & Gas Conference 20®.

Crew Energy Inc. is a dynamic, growth-oriented exploration and production company, focused on increasing long-term …

August 19, 2015 - 5:03 pm 2015 TOGC Two, Oil and Gas 360 Articles
Marquee Energy – Day Two Breakout Notes

Marquee Energy – Day Two Breakout Notes

Richard Thompson, President and Chief Executive Officer of Marquee Energy Ltd. (CDNX: MQL), presented today at EnerCom’s The Oil & Gas Conference® 20.

Marquee Energy Ltd. is a Calgary based, junior energy company focused on high rate of return oil …

August 19, 2015 - 4:40 pm 2015 TOGC Two, Oil and Gas 360 Articles
Source: Cheniere Energy Corpus Christi LNG Rendering

Cheniere Energy – Day Three Breakout Notes

Charif Souki, Chief Executive Officer of Cheniere Energy, Inc. (NYSE MKT: LNG), presented today at EnerCom’s The Oil & Gas Conference® 20.

Cheniere Energy is developing natural gas liquefaction facilities at the Sabine Pass LNG terminal adjacent to the existing …

August 19, 2015 - 4:26 pm LNG, Oil and Gas 360 Articles
Energen Corporation – Day Two Breakout Notes

Energen Corporation – Day Two Breakout Notes

James T. McManus II, Chairman, President and Chief Executive Officer of Energen Corporation (NYSE: EGN), presented today at EnerCom’s The Oil & Gas Conference® 20.

Energen Corporation is an oil and gas exploration and production company with headquarters in Birmingham, …

August 19, 2015 - 4:25 pm 2015 TOGC Two, Oil and Gas 360 Articles
Memorial Resource Development – Day Two Breakout Notes

Memorial Resource Development – Day Two Breakout Notes

Memorial Resource Development – Day Two Breakout Notes

John Weinzierl, Chief Executive Officer of Memorial Resource Development Corporation (NASDAQ: MRD), presented today at EnerCom’s The Oil & Gas Conference® 20.

Memorial Resource Development Corp. is an independent natural gas …

August 19, 2015 - 4:09 pm 2015 TOGC Two, Oil and Gas 360 Articles