Archive for September, 2015

ARM Midstream To Develop Natural Gas Gathering And Processing System And Crude Gathering System In Oklahoma’s STACK Play

Asset Risk Management (ARM) (www.asset-risk.com) announced today that ARM Midstream, a wholly owned subsidiary of ARM, is partnering with Highbridge Principal Strategies, LLC (Highbridge) to build a cryogenic processing plant, natural gas gathering system, and crude oil gathering …

September 8, 2015 - 5:18 pm Energy News

Noble Energy Increases Third Quarter Volume Expectations, Driven Primarily by DJ Basin Performance and Infrastructure

Noble Energy, Inc. (“Noble Energy”) (NYSE: NBL) today provided new third quarter 2015 sales volume guidance, with the midpoint of the Company’s new expectation representing a 10 thousand barrel of oil equivalent per day (MBoe/d) increase over the midpoint …

September 8, 2015 - 5:13 pm Energy News

Dominion To Sell 33% Partnership Interest In Contracted Solar Portfolio To SunEdison for $300 Million

  • Venture would include 24 projects totaling 425 megawatts completed 2013-15
  • Company is also partnering with SunEdison on 210-megawatt Utah solar project expected to come online in 2016

Dominion (NYSE:D) announced today that it has agreed to enter into …

September 8, 2015 - 5:11 pm Energy News

Williams and Chesapeake Energy Execute Expansion of Gas Gathering Services and Acreage Dedication in the Dry Utica, Consolidate Haynesville Gas Gathering Agreements

WILLIAMS Release

Williams (WMB) today announced an expansion of gas gathering services for Chesapeake Energy (CHK) in growing dry gas production areas of the Utica Shale in eastern Ohio and a consolidation of contracts in the …

September 8, 2015 - 5:05 pm Energy News

Phillips 66, Spectra Energy Announce Plan to Strengthen DCP Midstream

Phillips 66 (PSX) and Spectra Energy (SE), 50/50 joint venture owners in DCP Midstream, LLC, have entered into a nonbinding letter of intent for contributing assets to strengthen DCP Midstream. This transaction is expected to provide …

September 8, 2015 - 4:59 pm Energy News
Source: CNOOC

CNOOC to Resume 75% of Oil Sands Production

Alberta regulator calls for partial shutdown at CNOOC project

The Alberta Energy Regulator (AER) recently announced that it would partially lift a suspension order it issued August 28 against China National Offshore Oil Corp (CNOOC, ticker: CEO) subsidiary Nexen Energy …

Interview with Haynes and Boone Partner Ricardo Garcia-Moreno

Interview with Haynes and Boone Partner Ricardo Garcia-Moreno

Ricardo Garcia-Moreno, partner with Haynes and Boone, speaks to Oil & Gas 360® at The Oil & Gas Conference® 20 in Denver about the recent reforms to the oil and gas industry in Mexico, and what it means for those …

David Preng, Sept. 2015

Interview with Preng & Associates President and CEO David Preng

David Preng, president and CEO of Preng & Associates, speaks to Oil & Gas 360® at The Oil & Gas Conference® 20 in Denver about hiring the right talent for the job. Preng says that there is a misconception that …

Source: http://www.gazprom.com/press/gallery/events/649250/

Gazprom Takes New Approach with Natural Gas Auction

Gazprom makes first steps towards spot market pricing with natural gas auction

Russia’s state-owned gas giant Gazprom (ticker: OGZPY) announced that it will hold a natural gas auction in Europe as the company explores new ways to expand its market …

September 8, 2015 - 2:11 pm International, Midstream, Oil and Gas 360 Articles

Gulfport Energy Corporation Announces Proposed Borrowing Base Increase and Completion of Paloma Partners III Acquisition

Gulfport Energy Corporation (GPOR) (“Gulfport” or the “Company”) today announced a proposed increase to the Company’s borrowing base and the completion of its previously announced acquisition of Paloma Partners III, LLC (“Paloma”).

Fall Bank Redetermination

The Bank of …

September 8, 2015 - 12:35 pm Energy News

Energy XXI Reports Restatement of Prior Period Financials Due to Change in Derivative Accounting Method

Energy XXI Reports Restatement of Prior Period Financials Due to Change in Derivative Accounting Method

September 8, 2015 - 7:01 am 360 Company Releases

Yuma Energy, Inc. Declares Monthly Dividend on Its Series A Cumulative Redeemable Preferred Stock

Yuma Energy, Inc. Declares Monthly Dividend on Its Series A Cumulative Redeemable Preferred Stock

September 4, 2015 - 5:00 pm 360 Company Releases

Magnum Hunter Resources Announces Commencement of Employment of New Executive Vice President and Chief Operating Officer

Magnum Hunter Resources Announces Commencement of Employment of New Executive Vice President and Chief Operating Officer

September 4, 2015 - 4:50 pm 360 Company Releases

Magnum Hunter Resources Receives Continued Listing Standard Notification From NYSE Regarding Common Stock

Magnum Hunter Resources Receives Continued Listing Standard Notification From NYSE Regarding Common Stock

September 4, 2015 - 4:15 pm 360 Company Releases

Northern Iraq’s oil exports down in August due to pipeline disruption

Story by Reuters

Oil exports from northern Iraq fell by around 44,000 barrels per day (bpd) in August to an average of 472,832 bpd due to disruption of the pipeline to Turkey, the Kurdistan region’s ministry of natural resources said …

September 4, 2015 - 3:59 pm Energy News

Rig Counts Fall Again, Texas Loses 11

The number of running rigs in the United States fell for the second straight week in the latest analysis from Baker Hughes (ticker: BHI). A total of 13 rigs left the fleet for the week ended September 4, 2015, and …

Labor Day Weekend: Rest, Relaxation and the Lowest Gas Prices in 11 Years

Labor Day Weekend: Rest, Relaxation and the Lowest Gas Prices in 11 Years

U.S. drivers hitting the road for the holiday weekend will save some extra cash at the pump, the Energy Information Administration reports current gasoline prices are the lowest since 2004. Average prices on August 31 were $2.51 per gallon – …

September 4, 2015 - 1:13 pm Commodity Pricing, Oil and Gas 360 Articles
Presidential Candidates on Energy:  Sanders

Presidential Candidates on Energy: Sanders

Sanders wants to kill Keystone, transform system away from fossil fuels

Vermont Senator Bernie Sanders, campaigning for the Democrat Party nomination for president, issued statements about his energy position after the administration’s Clean Power Plan was announced in August.

As …

September 4, 2015 - 1:01 pm Oil and Gas 360 Articles, Politics & Opinions, Regulatory

Callon Petroleum Declares Series A Preferred Dividend

Callon Petroleum Declares Series A Preferred Dividend

September 4, 2015 - 8:30 am 360 Company Releases
Oil Price Swoon Reshaping Transportation, Airlines and Shipping Industries

Oil Price Swoon Reshaping Transportation, Airlines and Shipping Industries

Downstream segment of oil and gas not the only sector benefiting from the oil price crash

American Airlines expects to save $4.35 billion on fuel

Virtually every transportation division is cashing in on low fuel prices, spanning from the typical …

September 3, 2015 - 6:33 pm Oil and Gas 360 Articles

Construction underway on $1.2 billion natural gas plant in Kentucky

Story by WFIE

With two coal powered units going offline in Muhlenberg County, a new billion dollar plant is emerging in their place.

The Paradise combined cycle plant is located in Drakesboro.

14NEWS receive an exclusive look behind the scenes …

September 3, 2015 - 6:16 pm Energy News

EV Energy Partners Announces $259 Million in Acquisitions from Certain EnerVest Institutional Partnerships

EV Energy Partners, L.P. (EVEP) today announced it has entered into four agreements with certain EnerVest Institutional Partnerships (EnerVest) to acquire oil and natural gas properties, which represent combined estimated net proved reserves of 302 Bcfe, in the …

September 3, 2015 - 6:09 pm Energy News
Presidential Candidates on Energy: Rubio

Presidential Candidates on Energy: Rubio

Rubio favors lifting the crude oil export ban

Florida Senator Marco Rubio, campaigning for the 2016 Republican presidential nomination at an oil and gas event in Oklahoma, voiced his stance on some energy policies yesterday.

According to an AP report, …

September 3, 2015 - 5:56 pm Oil and Gas 360 Articles, Politics & Opinions, Regulatory

Abraxas Reaffirms Borrowing Base, Provides Operational Update

Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (AXAS) today provided the following financial and operational update.

Borrowing Base

Abraxas’ bank group recently reaffirmed the Company’s Borrowing Base at $165 million. This Borrowing Base will be effective through April …

September 3, 2015 - 4:50 pm Energy News
Interview with Colorado School of Mines Professor Will Fleckenstein, PhD

Interview with Colorado School of Mines Professor Will Fleckenstein, PhD

Oil & Gas 360® speaks with Will Fleckenstein, PhD, at The Oil & Gas Conference® 20 in Denver. Mr. Fleckenstein serves as Professor and Interim Department Head of the Petroleum Engineering Division at Colorado School of Mines.

Goodrich Petroleum Strikes Debt Exchange Deal

Goodrich Petroleum Strikes Debt Exchange Deal

Goodrich Petroleum (ticker: GDP) reorganized its debt structure on September 2, 2015 in an effort to enhance near-term liquidity. The terms, as explained in a company-issued news release, include replacing its initial loan of $55 million in 5% senior convertible …

H5 Settles With Chevron Over Ecuadorian Lawsuit

Chevron Corporation (CVX) has reached a settlement agreement with H5, a California-based e-discovery and litigation services firm. In the settlement, H5 has withdrawn its support from the litigation against Chevron in Ecuador and has assigned its 1.25 percent …

September 3, 2015 - 12:20 pm Energy News

Chicago seeks $500 mln hike in property taxes

Story by the Chicago Sun-Times

Mayor Rahm Emanuel is poised to raise property taxes by $500 million for police and fire pensions and school construction and impose a garbage-collection fee to generate $100 million more, City Hall sources said Wednesday.…

September 3, 2015 - 12:17 pm Energy News

OIG: Solyndra Misled DOE to Get Solar Loan Guarantees

Story by Electric Power Magazine

An official four-year-long investigation into the Solyndra debacle confirms that the bankrupt maker of cylindrical solar photovoltaic panels misled the Department of Energy (DOE) to get a $535 million federal loan guarantee, but it also …

September 3, 2015 - 12:11 pm Energy News
China Extends $5 Billion Debt Lifeline to Venezuela

China Extends $5 Billion Debt Lifeline to Venezuela

Talking to Putin Tomorrow to Figure Out How to Stabilize Oil Prices

Venezuela has struck a deal with China, its most generous creditor in recent years, for $5 billion designed to increase oil production in the coming months. Venezuela President …