Archive for September, 2015

Removing Crude Oil Export Ban Would Reduce Gasoline Prices, Says EIA

Removing Crude Oil Export Ban Would Reduce Gasoline Prices, Says EIA

The Energy Information Administration (EIA) published its findings regarding the removal of the crude oil export ban on September 1, 2015, finalizing a series of studies that have spanned dating back to May 2014. The EIA took a cautious approach …

Two Oil Service Companies are About to Add Facilities, Equipment and Personnel

Two Oil Service Companies are About to Add Facilities, Equipment and Personnel

Shortage of Frac Crews, Equipment Drives Favorable Pricing in Argentina

“Eighty percent of the shale in the world has been identified as being outside of North America,” EcoStim Energy Solutions (ticker: ESES) CEO Chris Boswell told Oil & Gas 360® …

EU Approves Shell’s Takeover of BG Group

Story by The Wall Street Journal

Oil giant Royal Dutch Shell PLC cleared a significant hurdle toward itsplanned takeover of U.K.-based oil and gas firm BG Group PLC on Wednesday, after Europe’s highest antitrust regulator approved the deal unconditionally.…

September 2, 2015 - 4:08 pm Energy News

Energy XXI to Present at Barclays CEO Energy/Power Conference

Energy XXI to Present at Barclays CEO Energy/Power Conference

September 2, 2015 - 4:00 pm 360 Company Releases
Interview with Rock Energy President & CEO Allen Bey at The Oil & Gas Conference® 20

Interview with Rock Energy President & CEO Allen Bey at The Oil & Gas Conference® 20

Oil & Gas 360(R) Interview with Allen Bey, President & CEO of Rock Energy, at The Oil & Gas Conference(R) 20 in Denver, Colorado.

View Rock Energy Presentation Webcast here.

September 2, 2015 - 1:58 pm C-Level Interviews, Canada, Oil and Gas 360 Articles, Videos
Interview with Alta Mesa Holdings President & CEO Hal Chappelle at The Oil & Gas Conference® 20

Interview with Alta Mesa Holdings President & CEO Hal Chappelle at The Oil & Gas Conference® 20

Alta Mesa Holdings President & CEO Hal Chappelle talks to Oil & Gas 360 at The Oil & Gas Conference® 20 in Denver about his company’s holdings, operations and use of technologies to improve yields and reduce costs.

View Alta

Petronas Said to Mull Buying Statoil’s Stake in TAP Project

Story by Bloomberg

Malaysia’s state-owned energy company is considering acquiring Statoil ASA’s stake in a gas pipeline into Europe from the Caspian basin, two people with knowledge of the matter said.

Petroliam Nasional Bhd, also known as Petronas, may buy …

September 2, 2015 - 12:26 pm Energy News

Goodrich Petroleum Announces Private Exchange Transactions For Convertible Senior Notes

Goodrich Petroleum Corporation (GDP) (the “Company”) today announced that it has entered into separate, privately negotiated exchange agreements under which it will retire $55 million in an aggregate original principal amount of its outstanding 5.00% Convertible Senior Notes …

September 2, 2015 - 12:11 pm Energy News

Virtus Oil and Gas Announces Spud of Lone Pine 34-11-5 Well

Virtus Oil and Gas Corporation (VOIL) (“Virtus” or “the Company”) spud the conductor hole at the Lone Pine 34-11-5 well in Southern Utah on August 25, 2015.

Energy Drilling’s Rig 8 has been assembled onsite and initiated formal …

September 2, 2015 - 11:54 am Energy News
Interview with David Schulte, President & Chief Executive Officer of CorEnergy Infrastructure Trust at The Oil & Gas Conference® 20

Interview with David Schulte, President & Chief Executive Officer of CorEnergy Infrastructure Trust at The Oil & Gas Conference® 20

CorEnergy Infrastructure Trust CEO David Schulte speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20.

CorEnergy Infrastructure Trust – The Oil & Gas Conference® 20 Webcast

September 1, 2015 - 7:36 pm Oil and Gas 360 Articles, Straight Answers, TOGC, Videos
ConocoPhillips Starts Oil Sands Production

ConocoPhillips Starts Oil Sands Production

ConocoPhillips announces delivery of first oil at Surmont 2

ConocoPhillips (ticker: COP) announced today that it had produced first oil from its Surmont 2 oil sands facility, located in Alberta, Canada. Construction on the project, which is the largest single-phase …

Smart Money Finds Oil and LNG

Smart Money Finds Oil and LNG

Few investors can move the needle like Warren Buffet, the most successful investor of the 20th century.

“The dynamism embedded in our market economy will continue to work its magic. Gains won’t come in a smooth or uninterrupted manner; …

September 1, 2015 - 7:05 pm Commodity Pricing, LNG, Oil and Gas 360 Articles

WPX Energy Sells Powder River Basin Assets

WPX Energy (WPX) has completed the divestiture of its remaining mature coalbed methane properties in Wyoming’s Powder River Basin and scheduled a related sale of its membership interest in Fort Union Gas Gathering L.L.C. to close in November.…

September 1, 2015 - 6:42 pm Energy News
Interview with David LaVance, Chairman, President & CEO of Integrated Environmental Technologies at The Oil & Gas Conference® 20

Interview with David LaVance, Chairman, President & CEO of Integrated Environmental Technologies at The Oil & Gas Conference® 20

Integrated Environmental Technologies Chairman, President and CEO, David LaVance, speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20.

Integrated Environmental Technologies – The Oil & Gas Conference® 20 Webcast

September 1, 2015 - 5:52 pm Oil and Gas 360 Articles, Straight Answers, TOGC, Videos
Interview with Chris Boswell, President and CEO of EcoStim Energy Solutions at The Oil & Gas Conference® 20

Interview with Chris Boswell, President and CEO of EcoStim Energy Solutions at The Oil & Gas Conference® 20

EcoStim Energy Solutions CEO, Chris Boswell, speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20. EcoStim is a well stimulation and completion services company that works exclusively in Argentina serving …

September 1, 2015 - 4:40 pm Oil and Gas 360 Articles, Straight Answers, TOGC, Videos
W&T Offshore Sells Permian Assets, Sets Sights on Gulf of Mexico

W&T Offshore Sells Permian Assets, Sets Sights on Gulf of Mexico

WTI Deals Permian Position for $376 Million to Private Equity Firm

W&T Offshore (ticker: WTI), a Houston-based exploration and production company, has increased its focus on assets… offshore. On September 1, 2015, WTI divested the majority of its position in …

Total Divests $1.3 Billion of Assets in a Week

Total Divests $1.3 Billion of Assets in a Week

Total sells North Sea midstream assets

On August 27, Total (ticker: TOT) announced that it sold its FUKA and SIRGE gas pipelines, along with the St. Fergus Gas Terminal, to North Sea Midstream Partners for £585 million (approximately $905 million). …

Natural Gas’s Premium as LNG

Natural Gas’s Premium as LNG

Pricing shifts in favor of selling natural gas as LNG

LNG

As natural gas has become increasingly abundant in the United States, selling production as liquefied natural gas (LNG) has become an ever-more attractive alternative to selling gas production domestically. This …

September 1, 2015 - 2:06 pm Chart of Week, LNG, Oil and Gas 360 Articles

Denbury Appoints New Chief Operating Officer

Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced the hiring of Chris Kendall as Chief Operating Officer. Mr. Kendall’s appointment to Chief Operating Officer will take  effect upon his joining the Company on September 8, 2015, …

September 1, 2015 - 11:36 am Energy News

Penn West Announces Further Actions In Response To Current Commodity Price Environment And Updates 2015 Guidance

PENN WEST PETROLEUM LTD.  (TSX – PWT; NYSE – PWE) (“Penn West“, “we“, “us” or “our“) announces it has taken the following further actions in response to the current commodity price environment:…

September 1, 2015 - 11:34 am Energy News

PostRock Energy Corp. Announces Retirement of President and CEO; Interim Named

PostRock Energy Corporation (PSTR) announced today that Terry W. Carter has retired from his position as the Company’s President and Chief Executive Officer effective September 1, 2015. The Board has elected Clark Edwards, PostRock’s current Vice President of …

September 1, 2015 - 11:17 am Energy News
Manitok Energy Inc. Announces Financial Results For The Second Quarter Of 2015 And An Operations Update

Manitok Energy Inc. Announces Financial Results For The Second Quarter Of 2015 And An Operations Update

Manitok Energy Inc. (the “Corporation” or “Manitok”) (TSX-V:  MEI) announces its financial and operating results for the second quarter of 2015 and an operations update.

Readers are cautioned that as this press release contains only a summary of Manitok’s financial …

September 1, 2015 - 11:05 am Canada, Energy News

Pacific Energy Development Announces Restructuring of Debt Facilities in Anticipation of Previously Announced Merger

PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED) is pleased to announce today that it has successfully restructured its approximately $35 million senior debt facility and its approximately $8.35 million subordinated debt facility. The restructuring includes the following changes:…

September 1, 2015 - 11:02 am Energy News

EPA’s ozone emissions rule now in Obama’s hands; business groups urge him to reject it

Washington Bureau Business Journal

What could be the most expensive government regulation ever is getting closer to being issued.

On Friday, the Environmental Protection Agency sent its proposal to reduce ozone emissions to the Office of Management and Budget for …

September 1, 2015 - 10:51 am Energy News

New details to be released on Alamo’s $32 million makeover

Story by the San Antonio Business Journal

Texas Land Commissioner George P. Bush will join State Sen. José Menendez and State Rep. Diego Bernal later this week to unveil new details on how the state will spend $32 million in …

September 1, 2015 - 10:47 am Energy News
Federal Judge Blocks EPA Ruling in 13 States

Federal Judge Blocks EPA Ruling in 13 States

North Dakota judge blocks Clean Water Rule in 13 states

Judge Ralph Erickson of the District Court for the District of North Dakota granted an injunction to 13 states last Thursday, blocking a new ruling from the Environmental Protection Agency …

September 1, 2015 - 10:41 am Oil and Gas 360 Articles, Regulatory

Exelon Reaffirms Commitment to Buying Pepco After D.C. Rejection

Story by The Wall Street Journal

Exelon Corp. on Monday reaffirmed its commitment to buying Pepco Holdings Inc.,after utility regulators for the District of Columbia rejected the $6.8 billion deal last week.

“We believe our merger proposal is …

September 1, 2015 - 10:39 am Energy News

Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock

Magnum Hunter Resources Declares Monthly Cash Dividend on Series C Preferred Stock, Series D Preferred Stock and Series E Preferred Stock

September 1, 2015 - 8:01 am 360 Company Releases

Range Declares Quarterly Dividend

Range Declares Quarterly Dividend

September 1, 2015 - 6:00 am 360 Company Releases