Archive for August, 2015

Integrated Environmental Technologies, Ltd. To Present At Enercom’s Oil & Gas Conference® 20

Integrated Environmental Technologies, Ltd. To Present At Enercom’s Oil & Gas Conference® 20

August 13, 2015 - 12:16 pm 360 Company Releases

Crescent Point Announces Q2 2015 Results, Maintains 2015 Production Guidance With $100 Million Lower Capital Expenditures, Lowers Dividend and Suspends Dividend Reinvestment Plans

Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (CPG)(CPG) is pleased to announce its operating and financial results for the quarter ended June 30, 2015. The Company also announces that its unaudited financial statements and …

August 13, 2015 - 12:11 pm Energy News

MarkWest Energy Partners and The Energy & Minerals Group Announce Strategic Expansion of Dry Gas Gathering Capabilities in Utica Shale to Support Ascent Resources and Other Producers

MarkWest Energy Partners, L.P. (MWE) (“MarkWest” and “the Partnership”) and The Energy & Minerals Group (“EMG”) today announced the development of a new, large-scale dry gas gathering system to strategically expand the parties’ leading midstream position in the …

August 13, 2015 - 12:00 pm Energy News

Unit Corporation to Present at EnerCom’s 2015 The Oil & Gas Conference

Unit Corporation to Present at EnerCom’s 2015 The Oil & Gas Conference

August 13, 2015 - 11:58 am 360 Company Releases
Energy XXI Provides Operations Update and Announces Fiscal 2016 Capital Budget

Energy XXI Provides Operations Update and Announces Fiscal 2016 Capital Budget

Energy XXI (EXXI.L) today provided an operations update and announced capital budget estimates for fiscal 2016.

Fiscal 2016 Outlook Highlights:

  • Full year production guidance is 54,000 to 59,000 BOE/d net, as compared to 58,900 BOE/d net for fiscal
August 13, 2015 - 11:45 am Analytics, Energy News
Natural Gas Roundup for the Week Ended August 7, 2015

Natural Gas Roundup for the Week Ended August 7, 2015

roundup2NATURAL GAS INVENTORY (Week Ended 8/7/15)

Current: 2,977 Bcf

Actual Injection/(Withdrawal) per EIA: 65 Bcf

Economist Average Estimate per Bloomberg: 55 Bcf

Previous: 2,912 Bcf

Click here for the chart with five year averages.

Click here for an archive of

August 13, 2015 - 11:12 am Oil and Gas 360 Articles

Energy XXI Provides Operations Update and Announces Fiscal 2016 Capital Budget

Energy XXI Provides Operations Update and Announces Fiscal 2016 Capital Budget

August 13, 2015 - 10:34 am 360 Company Releases

Bellatrix to present at Enercom’s Oil And Gas Conference

Bellatrix to present at Enercom’s Oil And Gas Conference

August 13, 2015 - 7:30 am 360 Company Releases
U.S. Congressman Ken Buck

U.S. Congressman Ken Buck talks to Oil & Gas 360®

OAG360: Are there any models for tax reform that you would like to see implemented here in the United States?

Buck: Yeah. The chainsaw in my garage is what I think would work best.

U.S. Congressman Ken Buck’s congressional district …

Japan Restarts its First Reactor since Powering Down after Fukushima

Japan Restarts its First Reactor since Powering Down after Fukushima

Five reactors in Japan are cleared for restart, but need local approval

Yesterday, Japan restarted the Kyushu Electric Power Company’s 846 megawatt (MW) Sendai Nuclear Power Station Unit 1, marking the first reactivation of a nuclear power plant in Japan …

August 12, 2015 - 6:48 pm International, Oil and Gas 360 Articles
Proppant Update: Suppliers Roll with the Punches

Proppant Update: Suppliers Roll with the Punches

Raymond James sees a recovery in sand prices

Although Hi Crush Partners (ticker: HCLP) missed on its Q2 earnings, reporting $84 million in revenues or $0.31 per unit in earnings, Raymond James believes the company still has long-term potential following …

Sanchez Energy Capex Cuts are No Match for Higher Guidance in Q2’15 Results

Sanchez Energy Capex Cuts are No Match for Higher Guidance in Q2’15 Results

Well Efficiencies, Cost Improvements Lead to Adjustments

Sanchez Energy (ticker: SN) raised its guidance for the second time in less than a month in its Q2’15 earnings release, issued on August 10, 2015. Revised 2015 volumes estimate production at 46 …

WATCH: David Demshur, Core Lab CEO, on CNBC

August 12, 2015 - 6:01 pm Energy News

Pope’s climate push at odds with U.S. Catholic oil investments

Story by Reuters

Pope Francis heartened environmentalists around the world in June when he urged immediate action to save the planet from the effects of climate change, declaring that the use of “highly polluting fossil fuels needs to be progressively …

August 12, 2015 - 5:52 pm Energy News

ONEOK Partners Announces Agreements to Sell 24.9 Million Common Units

ONEOK, Inc. Agrees to Purchase $650 Million of Common Units
Kayne Anderson Agrees to Purchase $100 Million of Common Units

ONEOK Partners, L.P. (OKS) today announced that it has agreed to sell approximately 21.5 million of its common …

August 12, 2015 - 5:47 pm Energy News

Diamondback Energy Launches Common Stock Offering

Diamondback Energy, Inc. (FANG) (“Diamondback” or the “Company”) announced today the launch of an underwritten public offering of 2,000,000 shares of its common stock, subject to market and other conditions. The underwriter will have an option to purchase …

August 12, 2015 - 5:41 pm Energy News

Canadian heavy crude slumps to lowest in at least a decade

Story by Reuters

Heavy Canadian crude slumped to its lowest level in at least a decade on Wednesday after Enbridge Inc closed two of its main pipelines in the United States because of a leak, piling fresh misery on Canadian …

August 12, 2015 - 5:39 pm Energy News
Will an Oil Market Balance in 2016 be Too Late for Saudi Arabia?

Will an Oil Market Balance in 2016 be Too Late for Saudi Arabia?

Wells Fargo sees market balance in 2016

A recent note from Wells Fargo Equity Research highlights the continued unresponsiveness of production in the face of low oil prices, but the analysts say they expect the market to rebalance in 2016. …

VAALCO Energy To Present At EnerCom’s The Oil And Gas Conference 20

VAALCO Energy To Present At EnerCom’s The Oil And Gas Conference 20

August 12, 2015 - 5:03 pm 360 Company Releases

Basic Energy Services Reports Selected Operating Data For July 2015

Basic Energy Services, Inc. (BAS) (“Basic”) today reported selected operating data for the month of July 2015.  Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 55,400 producing a rig …

August 12, 2015 - 11:13 am Energy News
Crude Oil Cuttings for the Week Ended August 7, 2015

Crude Oil Cuttings for the Week Ended August 7, 2015

crude_oil_cuttingsCRUDE OIL INVENTORY/’000 bbls (Week Ended 8/7/15)

Current: 453,593

Actual Build/(Withdrawal): (1,682)

Economist Average Estimate: (1,736)

Previous: 455,275

Click here for the chart with five year averages.

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


Important disclosures: The …

August 12, 2015 - 11:02 am Oil and Gas 360 Articles

Blackbird Energy Inc. to Present at EnerCom’s the Oil and Gas Conference(R)

Blackbird Energy Inc. to Present at EnerCom’s the Oil and Gas Conference(R)

August 12, 2015 - 7:00 am 360 Company Releases

PR Newswire Comments on Cyber Theft Announcement

Protecting IT systems and ensuring information security are ongoing issues that all industries face today. As a leader in the PR and IR disclosure market, PR Newswire places the highest priority on maintaining the security of our customers’ market-sensitive information

August 11, 2015 - 6:58 pm Energy News

Cheniere Marketing Enters into LNG Sales Arrangements with EDF

Cheniere Energy, Inc. (“Cheniere”) (NYSE MKT: LNG) announced today that its wholly owned subsidiary, Cheniere Marketing International LLP (“Cheniere Marketing”) has entered into sales arrangements with Électricité de France, S.A. (“EDF”) for the delivery of liquefied natural gas (“LNG”) cargoes …

August 11, 2015 - 6:20 pm Energy News
U.S. Production Down 100 MBOPD in July – EIA

U.S. Production Down 100 MBOPD in July – EIA

The EIA’s Short-Term Energy Outlook shows declining production as prices dropUS Production

The U.S. Energy Information Administration (EIA) released its July Short-Term Energy Outlook (STEO) today, showing lower production in the month of July as prices continue their downward trend. The …

Magnum Hunter finds partner for $430 million Ohio joint venture

Story by Columbus Business First

Magnum Hunter Resources Corp. has entered into a $430 million letter of intent for a Utica shale joint venture, continuing an eventful week for the Utica shale driller.

The company’s agreement with an unnamed private …

August 11, 2015 - 6:08 pm Energy News
Baytex Declares August Dividend

Baytex Declares August Dividend

Baytex Confirms Monthly Dividend for August at $0.10 Per Share

CALGARY, ALBERTA–(Marketwired – Aug. 10, 2015) – Baytex Energy Corp. (“Baytex”) (TSX:BTE)(NYSE:BTE) reports that a cash dividend of $0.10 per common share in respect of August operations will be paid

August 11, 2015 - 4:45 pm Canada

Stull, Stull & Brody is Investigating Claims on Behalf of SandRidge Energy, Inc.’s (NYSE:SD) 401(k) Plan

Stull, Stull & Brody is Investigating Claims on Behalf of SandRidge Energy, Inc.’s (NYSE:SD) 401(k) Plan

August 11, 2015 - 4:44 pm 360 Company Releases
Enbridge Pipelines Inc. Announces Completion of the Transfer of Its U.S. Subsidiary to an Enbridge Inc. Subsidiary

Enbridge Pipelines Inc. Announces Completion of the Transfer of Its U.S. Subsidiary to an Enbridge Inc. Subsidiary

Enbridge Pipelines Inc. Announces Completion of the Transfer of Its U.S. Subsidiary to an Enbridge Inc. Subsidiary

CALGARY, ALBERTA–(Marketwired – Aug. 10, 2015) – Enbridge Pipelines Inc. (EPI) today announced that it has completed its transfer of EPI’s ownership interest …

August 11, 2015 - 4:43 pm Canada
Delphi Energy Reports Q2 Results

Delphi Energy Reports Q2 Results

Delphi Energy Reports Second Quarter Results

CALGARY, ALBERTA–(Marketwired – Aug. 10, 2015) – Delphi Energy Corp. (“Delphi” or the “Company”) (TSX:DEE) is pleased to announce its operational and financial results for the quarter ended June 30, 2015.

Second Quarter 2015

August 11, 2015 - 4:40 pm Canada