Archive for September, 2015

Goodrich Petroleum Announces Private Exchange Transactions for Senior Unsecured Notes and Expected Amendment to its Second Amended and Restated Credit Agreement

Goodrich Petroleum Corporation (GDP) (the “Company”) today announced that it has entered into separate, privately negotiated exchange agreements under which it will retire approximately $158.2 million in an aggregate original principal amount of its outstanding 8.875% Senior Notes …

September 25, 2015 - 11:46 am Energy News

North Dakota gives industry 10 extra months to cull flaring

Story by Reuters

North Dakota regulators on Thursday gave the energy industry 10 extra months to curb the amount of natural gas burned off at oil wells, acquiescing to industry worries that construction delays have made it all but impossible …

September 25, 2015 - 11:16 am Energy News

Approach Resources Announces Reaffirmation of Lender Commitments in Credit Facility at $450 Million

Approach Resources Inc. (AREX) today announced that it has completed the scheduled semiannual borrowing base redetermination of its revolving credit facility, and as a result, the bank group has set the lender commitment amount and borrowing base at …

September 25, 2015 - 11:05 am Energy News

Lonestar Resources, Ltd. To Present at the JOHNSON RICE 2015 ENERGY CONFERENCE

Lonestar Resources, Ltd. To Present at the JOHNSON RICE 2015 ENERGY CONFERENCE

September 25, 2015 - 10:43 am 360 Company Releases
Michael Teague, Energy Secretary of Oklahoma, Speaks with OAG360 about Regulations and State Energy Programs

Michael Teague, Energy Secretary of Oklahoma, Speaks with OAG360 about Regulations and State Energy Programs

The United States technological revolution has made rock stars out of flashy, emerging new plays like the Bakken, Niobrara and Utica. And everybody wants to get in on the next hot area.

OKrigsOklahoma, on the other hand, is old school. …

Source: NPR

Kurdistan Region Reasserting Right to Sell Oil Independent of Iraq

U.S. court allows oil sales from Kurdistan

Iraq’s Kurdish Semi-autonomous region is increasing international oil sales without the approval of Iraq’s central government. The U.S. Court of Appeals for the Fifth Circuit in New Orleans dismissed the Kurdistan Regional Government’s …

ConocoPhillips Looking to Divest 35,000 BOEPD of Production in Canada

ConocoPhillips Looking to Divest 35,000 BOEPD of Production in Canada

Assets could be worth $1 billion, according to estimates

ConocoPhillips (ticker: COP), the third-largest North American oil and gas producer, is looking to divest assets in Western Canada to various buyers including Canadian Natural Resources (ticker: CNQ), sources familiar with

September 24, 2015 - 6:27 pm Canada, Oil and Gas 360 Articles
Total S.A. Dialing Back Capex to Protect Dividend

Total S.A. Dialing Back Capex to Protect Dividend

Projected Average Annual Capex from 2017-19 will be 33% Below Capex from 2013-14

Margins are as important as ever in the new commodity environment, and Total S.A. (ticker: TOT) is setting some high benchmarks to reduce costs as much as …

September 24, 2015 - 6:25 pm Exploration and Production (E&P), Finance
Schlumberger Approaches Deadline on $1.7 Billion Russian Acquisition

Schlumberger Approaches Deadline on $1.7 Billion Russian Acquisition

Schlumberger waits for approval from Russia’s Federal Antimonopoly Service

Oilfield service giant Schlumberger (ticker: SLB) is quickly approaching the most recent deadline for the acquisition of Russian oilfield service company Eurasia Drilling Company (ticker: EDC). The deal was originally announced …

Magnum Hunter Resources Announces the Appointment of Vice President – Finance and Capital Markets

Magnum Hunter Resources Announces the Appointment of Vice President – Finance and Capital Markets

IRVING, TX–(Marketwired – Sep 24, 2015) – Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (the “Company” or “Magnum Hunter”) announced today that the Board of Directors has appointed Chris Hewitt as Vice
September 24, 2015 - 2:37 pm Analytics, Energy News

Repsol Said to Consider Options for Its Gas Natural Stake

From Bloomberg

Repsol SA, Spain’s biggest oil company, is exploring options including a sale of part or all of its stake in Gas Natural SDG SA to shore up its balance sheet amid low oil prices, according to people familiar …

September 24, 2015 - 2:23 pm Energy News

In clash with pope’s climate call, U.S. Church leases drilling rights

From Reuters

Casting the fight against climate change as an urgent moral duty, Pope Francis in June urged the world to phase out highly-polluting fossil fuels.

Yet in the heart of U.S. oil country several dioceses and other Catholic institutions …

September 24, 2015 - 2:20 pm Energy News
Oil will Settle at $60, Eventually

Oil will Settle at $60, Eventually

Economic indicators positive, sideways and negative

Yellen says she expects FED will raise rates in 2015 if employment grows

Bill Gross criticizes the FED’s zero policy


U.S. Bank Chief Investment Officer John De Clue, in a presentation to Denver area …

September 24, 2015 - 2:10 pm Commodity Pricing, Oil and Gas 360 Articles, Popular

North Dakota set to extend deadline for gas flaring rules

From Reuters

BISMARCK, N.D., Sept 24 (Reuters) – North Dakota is poised to give the energy industry up to two extra years to curb the amount of natural gas burned off at oil wells, a move that would ease worries …

September 24, 2015 - 2:04 pm Energy News

Thigpen Energy Spins-Off From TRF Energy Solutions

HOUSTON, Sept. 24, 2015 /PRNewswire/ — Thigpen Energy (“Thigpen”, or “the Company”) today announced the re-launch of the Thigpen Energy brand.  Effective October, 1, 2015, Thigpen Energy will be spun out of TRF Energy Solutions and will become a …

September 24, 2015 - 11:11 am Energy News

4 ways IT leaders can prepare for the millennial shift

From The Business Journals

Is your company’s IT infrastructure prepared for an influx of millennial employees? Within the next decade, millennials are expected to dominate 75 percent of the workforce — and a growing number of employers are getting prepared …

September 24, 2015 - 10:58 am Energy News

Magnum Hunter Resources Announces the Appointment of Vice President – Finance and Capital Markets

Magnum Hunter Resources Announces the Appointment of Vice President – Finance and Capital Markets

September 24, 2015 - 10:03 am 360 Company Releases

Total Energy Services Inc. Announces That it Will Not Proceed With A Takeover Bid for Strad Energy Services Ltd.

CALGARY, ALBERTA–(Marketwired – Sep 23, 2015) – Total Energy Services Inc. (“Total” or the “Company“) (TOT.TO) announced today that as a result of the implementation of a shareholder rights plan (the “Poison Pill”) …

September 23, 2015 - 6:41 pm Energy News
Valero Energy Partners LP Announces Acquisition of Corpus Christi Terminal Services Business for $465 Million

Valero Energy Partners LP Announces Acquisition of Corpus Christi Terminal Services Business for $465 Million

SAN ANTONIO, Sept. 23, 2015 /PRNewswire/ — Valero Energy Partners LP (NYSE: VLP, the Partnership) today announced that the board of directors of its general partner has approved the Partnership’s acquisition of the Corpus Christi Terminal Services Business from a …

September 23, 2015 - 6:39 pm Energy News, MLPs

Exclusive: Williams to consider revised Energy Transfer offer – sources

From Reuters

Williams Companies’ (WMB.N) board of directors is preparing to meet as early as this week to consider a sale to oil and gas pipeline peer Energy Transfer Equity LP (ETE.N) after the latter revised

September 23, 2015 - 6:36 pm Energy News

Badlands NGL’s Enters Agreement With Continental Resources, Inc. for Ethane Supply to North Dakota Plastics Plant

BISMARCK, ND–(Marketwired – September 23, 2015) – Badlands NGL’s (Badlands) today announced that it has entered into a “Precedent Agreement,” with one of the largest and most important oil and gas producers in the Williston Basin, Continental Resources, Inc. …

September 23, 2015 - 4:39 pm Energy News

R. Poe Reed to Join Midcoast Energy Partners, L.P. as Vice President & Chief Commercial Officer

HOUSTON, TX–(Marketwired – Sep 23, 2015) –  Midcoast Energy Partners, L.P. (Midcoast) (NYSE: MEP), an Enbridge company, today announced that R. Poe Reed will join the company’s general partner as vice president and chief commercial officer, effective Sept. 28, …

September 23, 2015 - 4:37 pm Energy News
API: Oil and Gas Industry’s $90 Billion Investments are a “Driving Force” in Emissions Reduction

API: Oil and Gas Industry’s $90 Billion Investments are a “Driving Force” in Emissions Reduction

Oil and gas sector leading the way emissions technology investments from 2000 to 2014

Since 2000, the oil and gas industry has invested more capital in carbon emission technologies than the automotive, electric utilities and agriculture processor sectors combined, according …

Source: Indianaaffairs.gov

Stagnant Electricity Demand, Cheap NatGas and Weak Coal Export Markets are Reducing the Need for Coal

Coal

The Energy Information Administration (EIA) released its data for the number of new and reactivated coal mines that began production in 2013, showing that the year had the lowest number of active coal mines since the administration began tracking numbers …

September 23, 2015 - 2:34 pm Oil and Gas 360 Articles
Oil & Gas Drilling: Colorado Supreme Court to Hear Case on Local Control

Oil & Gas Drilling: Colorado Supreme Court to Hear Case on Local Control

Decision could have wide reaching implications for Colorado oil and gas operations

The Colorado Supreme Court announced this week that it will hear cases that will decide the debate on local control on hydraulic fracturing in state. The court agreed …

Presidential Candidates on Energy: Cruz

Presidential Candidates on Energy: Cruz

Cruz says he wants to “unleash American jobs and opportunity by harnessing our nation’s energy resources”

Texas Senator Ted Cruz posted a detailed list of his energy policy stances on his U.S. Senate website in Feb. 2014. They are as …

September 23, 2015 - 12:11 pm Oil and Gas 360 Articles, Politics & Opinions

Yankees Hall of Fame catcher Yogi Berra dies at 90

From The Los Angeles Times

Yogi Berra, a Hall of Fame catcher with the dynastic 1950s New York Yankees, known equally well among sports fans and non-fans for his absurdly profound “Yogi-isms” and his TV commercials, has died. He was …

September 23, 2015 - 9:57 am Uncategorized
Health insurance premiums up only 4% – unless your business is really small

Health insurance premiums up only 4% – unless your business is really small

From The Business Journals

Sep 22, 2015, 2:35pm EDT
Health insurance premiums increased only moderately for most employers, but that’s partly due to workers paying higher deductibles.
 Obamacare ACA
Premiums for employer-sponsored health insurance rose an average of 4 percent this year,
September 23, 2015 - 9:46 am Energy News

Energy Regulator Alleges Total Manipulated U.S. Natural Gas Market

From The Wall Street Journal

By SARAH KENT And INTI LANDAURO
Updated Sept. 22, 2015 5:09 p.m. ET

American regulators have accused French oil company Total SA of manipulating the price of natural gas in the U.S. southwest, the latest …

September 22, 2015 - 6:57 pm Energy News
Memorial Resource Development has More Than Tripled Its Cotton Valley Acreage in Fiscal 2015

Memorial Resource Development has More Than Tripled Its Cotton Valley Acreage in Fiscal 2015

Announces Rights via Purchase/Leasing Options on 132,758 Net Acres for $373.8 Million

Memorial Resource Development (ticker: MRD) unknowingly picked a very difficult time to enter the public sphere (the company launched its initial public offering on June 2, 2014), but …