Archive for September, 2015

Lonestar Resources, Ltd. Provides Operations Update, Increases 2015 Guidance

Lonestar Resources, Ltd. Provides Operations Update, Increases 2015 Guidance

September 29, 2015 - 10:49 am 360 Company Releases

Alcoa to Split as Aluminum Glut Pressures Prices

From The Wall Street Journal

Alcoa Inc. said Monday it would split in two, a move that would isolate the company’s more profitable parts-making units from its raw aluminum operations.

The split is one of the most dramatic corporate consequences …

September 29, 2015 - 10:01 am Energy News

MacArthur ‘genius’ grant winner creates artificial leaves that photosynthesize

From The Los Angeles Times

It took nature millions of years to figure out how to turn energy from the sun into chemical energy that can be stored for a cloudy day – a process known as photosynthesis.

It took …

September 29, 2015 - 9:48 am Energy News

Energy XXI Announces Fiscal 2015 Fourth-Quarter and Year-End Earnings Release and Conference Call Date

Energy XXI Announces Fiscal 2015 Fourth-Quarter and Year-End Earnings Release and Conference Call Date

September 28, 2015 - 10:43 pm 360 Company Releases
Energy Transfer Finally Locks Down Deal for Williams Companies at $37.7 Billion

Energy Transfer Finally Locks Down Deal for Williams Companies at $37.7 Billion

ETE Becomes Largest Energy Infrastructure Group

Enterprise Value Now Exceeds that of BP, Total and Petrobras

Energy Transfer Equity’s (ticker: ETE) long pursuit of Williams Companies (ticker: WMB) has come to an end.

On September 28, 2015, ETE announced the …

September 28, 2015 - 7:03 pm Downstream, Mergers & Acquisitions, MLPs, Oil and Gas 360 Articles
Saudi Arabia Pulling as Much as $70 Billion from Markets

Saudi Arabia Pulling as Much as $70 Billion from Markets

Estimates show Saudi Arabia pulling cash to cover deficit

Saudi Arabia has withdrawn as much as $70 billion from global asset managers as low oil prices continue to put financial pressure on OPEC’s largest producer, according to financial services market …

September 28, 2015 - 6:48 pm Finance, International, Oil and Gas 360 Articles, OPEC
Sanchez Production Partners Acquires Eagle Ford Midstream Assets for $345 Million

Sanchez Production Partners Acquires Eagle Ford Midstream Assets for $345 Million

Sanchez Production Partners (ticker: SPP), a midstream-focused Master Limited Partnership, increased its footprint in the Eagle Ford with a $345 million cash acquisition announced on September 28, 2015. The assets, purchased from Sanchez Energy Corporation (ticker: SN) consist of 150 …

September 28, 2015 - 6:47 pm Analytics, Mergers & Acquisitions, MLPs, Oil and Gas 360 Articles

Halliburton and Baker Hughes Announce Additional Divestiture Proposals

HOUSTON–(BUSINESS WIRE)–

 Halliburton Company (HAL) and Baker Hughes Incorporated (BHI) today announced that the companies will market for sale additional businesses in connection with Halliburton’s pending acquisition of Baker Hughes. Pursuant to the Merger Agreement, and
September 28, 2015 - 6:36 pm Energy News

Bill and Melinda Gates Foundation Trust Sues Petrobras, Auditor for Fraud

From The Wall Street Journal

RIO DE JANEIRO—The trust that manages the $41 billion endowment of the Bill and Melinda Gates Foundation is suing Brazil’s Petróleo Brasileiro SA and its auditor in a New York court, claiming a vast corruption …

September 28, 2015 - 6:33 pm Energy News
What Makes a Great Oil & Gas Website?

What Makes a Great Oil & Gas Website?

An award-winning oil & gas website doesn’t have to break the bank

Erik Carlgren runs multimedia advertising design, graphic design, website technologies and annual report production for EnerCom Consulting. Carlgren and his team have almost 30 years of combined design …

September 28, 2015 - 6:01 pm Oil and Gas 360 Articles

Bill Barrett Corporation Announces Reaffirmation of $375 Million Borrowing Base, the Sale of Non-Core Uinta Basin Properties for Cash Proceeds of $27 Million, and Lower 2015 Capital Expenditure Guidance

Bill Barrett Corporation Announces Reaffirmation of $375 Million Borrowing Base, the Sale of Non-Core Uinta Basin Properties for Cash Proceeds of $27 Million, and Lower 2015 Capital Expenditure Guidance

 

– Borrowing base under the bank credit facility reaffirmed at …

September 28, 2015 - 5:48 pm Energy News
Source: Rosneft

Shell Pulls Arctic Plug, Looks at $4.1 Billion in Impairments

Decision to leave the Alaskan Arctic a combination of factors

Royal Dutch Shell (ticker: RDSA) announced today that it plans to put an end to its operation offshore Alaska, according to a company press release. The news came following …

Kevin McCarthy announces bid to become House speaker

From The Los Angeles Times

House Majority Leader Kevin McCarthy of Bakersfield formally launched his bid to become speaker of the House on Monday afternoon, telling restive colleagues he plans to share more authority if elected to the most powerful …

September 28, 2015 - 4:48 pm Uncategorized
Source: WPX

Athabasca Oil Corporation Provides Operations Update

CALGARY, ALBERTA–(Marketwired – Sept. 28, 2015) – Athabasca Oil Corporation (TSX:ATH) (“Athabasca” or “the Company”) is pleased to provide an update on recent operational activities.

Athabasca achieved first oil at Hangingstone in July. The Company now has 15 well pairs …

September 28, 2015 - 3:33 pm Canada, Energy News
Total Energy Services Inc. Plans to Repurchase Shares

Total Energy Services Inc. Plans to Repurchase Shares

CALGARY, ALBERTA–(Marketwired – Sept. 28, 2015) – Total Energy Services Inc. (“Total”) (TSX:TOT) announced today that it has filed a Notice with the Toronto Stock Exchange (the “TSX”) to undertake a normal course issuer bid that will expire on September …

September 28, 2015 - 3:29 pm Canada, Energy News

Energy XXI to Present at Two Upcoming Conferences

Energy XXI to Present at Two Upcoming Conferences

September 28, 2015 - 11:00 am 360 Company Releases
VAALCO Energy Adopts Stockholder Rights Plan

VAALCO Energy Adopts Stockholder Rights Plan

HOUSTON, Sept. 28, 2015 /PRNewswire/ — VAALCO Energy, Inc. (the “Company” and “VAALCO”) (NYSE: EGY) today announced that its Board of Directors has authorized the adoption of a stockholder rights plan (the “Rights Plan”).  The Rights Plan is designed …

September 28, 2015 - 10:39 am Analytics, Energy News

Sanchez Production Partners: Initial Distribution Planned in Connection With Midstream Acquisition

Sanchez Production Partners: Initial Distribution Planned in Connection With Midstream Acquisition

September 28, 2015 - 7:00 am 360 Company Releases

Sanchez Energy Enhances Liquidity With $345 Million Midstream Asset Sale

Sanchez Energy Enhances Liquidity With $345 Million Midstream Asset Sale

September 28, 2015 - 7:00 am 360 Company Releases

Sanchez Production Partners: Initial Distribution Planned in Connection With Midstream Acquisition

Sanchez Production Partners: Initial Distribution Planned in Connection With Midstream Acquisition

September 28, 2015 - 7:00 am 360 Company Releases

Sanchez Energy Enhances Liquidity With $345 Million Midstream Asset Sale

Sanchez Energy Enhances Liquidity With $345 Million Midstream Asset Sale

September 28, 2015 - 7:00 am 360 Company Releases

VAALCO Energy Adopts Stockholder Rights Plan

VAALCO Energy Adopts Stockholder Rights Plan

September 28, 2015 - 6:45 am 360 Company Releases
What Will El Nino Do to Natural Gas Supply?

What Will El Nino Do to Natural Gas Supply?

Oil markets are still adjusting to levels of oversupply, but the demand imbalance has become an old hat of sorts for the natural gas industry. El Nino is unlikely to do the gas market any favors in the upcoming winter …

September 25, 2015 - 5:58 pm Commodity Pricing, Finance, Oil and Gas 360 Articles

Sanchez Energy Announces Participation in Upcoming Energy Conference

Sanchez Energy Announces Participation in Upcoming Energy Conference

September 25, 2015 - 5:25 pm 360 Company Releases
Oil Rig Count Reaches Five-Year Low

Oil Rig Count Reaches Five-Year Low

Total rig count continues decline for fifth consecutive week

The current price environment has continued to put downward pressure on the number of active rigs operating in the United States. For the fifth consecutive week, Baker Hughes (ticker: BHI) reported

What will the New SEC Price Deck Mean for Reserves?

What will the New SEC Price Deck Mean for Reserves?

Every year, oil and gas companies are required by the Securities Exchange Commission (SEC) to report their proved oil and gas reserves. By reporting these reserves, companies give their investors a meaningful understanding of the resources the company controls that …

China Set to Form State Oil and Gas Midstream Company

China Set to Form State Oil and Gas Midstream Company

China looks to break oil and gas monopoly with new structure, further reforms

The Chinese government is moving forward with plans to shake things up at its oil and gas monopolies.

Reports say China will take the oil and gas …

Chinese airline exec: ‘Dreamliner was your dream.’ We want to build more of our own airplanes

Story by the Puget Sound Business Journal

China Eastern Airlines wants to build more of its own airplanes, a company executive announced this week.

Liu Shaoyong, chairman of the airline and president of China Eastern Air Holding Company, came …

September 25, 2015 - 1:01 pm Energy News

GE to create 1,000 energy jobs in the U.K.

Story by The Washington Bureau

As the Export-Import Bank remains shuttered, the export credit agency’s biggest customers are adding jobs in countries that will finance their sales.

General Electric (GE) once again on Thursday cited the lack of Ex-Im Bank …

September 25, 2015 - 12:59 pm Energy News

Stone Energy Corporation Provides Production, Operational and Conference Update

Stone Energy Corporation (SGY) today provided a production, operational and conference update.

On September 1, 2015, Stone shut-in its Mary field in Appalachia curtailing approximately 100-110 Mmcfe of production per day, leaving approximately 25 Mmcfe per day producing …

September 25, 2015 - 11:53 am Energy News