Story by Reuters Enrollment in U.S. petroleum engineering degree programs fell for the first time in 13 years this fall, as an oil industry slump makes college students wary of entering the boom and bust world of oil and gas. The drop, revealed this week in annual data provided by the country’s 21 petroleum engineering departments and made available to
Oil Rigs Reach New Five-Year Low A few months ago, speculation of a rig count trough offered promise of the oil industry bottoming out. Since then, oil prices seem to have stabilized, but rig counts are a different story. The number of running domestic rigs fell for the sixth straight week on October 2, 2015, reaching 809. Of the 29
PDC Energy, Inc. (“PDC” or the “Company”) (PDCE) today announced that it has extended the maturity of its revolving credit facility by two years to May 2020. The borrowing base has been re-affirmed at $700 million of which the Company has elected to keep its commitment level at $450 million. Chief Financial Officer Gysle Shellum stated, “We are very pleased
EnLink Midstream Completes Acquisition of Delaware Basin Assets DALLAS–(BUSINESS WIRE)–The EnLink Midstream companies, EnLink Midstream Partners, LP (NYSE:ENLK) (the Partnership) and EnLink Midstream, LLC (NYSE:ENLC) (the General Partner) (together with its subsidiaries “EnLink”), today announced that a subsidiary of the Partnership completed its previously announced acquisition of gathering and processing assets in the Delaware Basin (the “Delaware Basin System”) from
EV Energy Partners Announces Closing of Appalachian Basin, San Juan Basin, Michigan and Austin Chalk Acquisitions HOUSTON, Oct. 1, 2015 /PRNewswire/ — EV Energy Partners, L.P. (NASDAQ: EVEP) today announced it has closed four previously announced acquisitions purchased from certain institutional partnerships managed by EnerVest, Ltd. The acquisitions represent combined estimated net proved reserves of 302 Bcfe in the Appalachian Basin,
Russia Hits Post-Soviet Record of 10.74 MMBOPD Russian oil output hit 10.74 million barrels a day in September, the highest level of production seen in the country since the fall of the Soviet Union, reports The Wall street Journal. The post-Soviet record represented a 0.4% increase from production in August, which reached 10.68 MMBOPD. The gains were in large part
Joaquin likely to be one of just a handful of storms this season With official hurricane season two-thirds over, Americans on the east coast are on watch today as Hurricane Joaquin brushes close to the seaboard after pounding the Bahamas. But large numbers of storms are not expected this season due to different wind and pressure patterns from El Nino. In
CALGARY, AB–(Marketwired – October 02, 2015) – Canadian Oil Sands (“COS”) (TSX: COS) (OTCQX: COSWF) today announces that normal operations at Syncrude have resumed following the August 29 process fire. Actual production rates continue to be provided with the monthly production posting on COS’ website. Canadian Oil Sands Limited COS holds a 36.74 percent interest in the Syncrude project, the
Comstock Resources, Inc. (“Comstock” or the “Company”) (CRK) announced today that its Board of Directors (the “Board”) has adopted a net operating loss carryforwards (“NOLs”) rights plan (the “Rights Plan”) in a measure to prevent the imposition of significant limitations under Section 382 of the Internal Revenue Code on Comstock`s ability to utilize its existing NOLs to reduce its future tax
Teekay Offshore GP LLC, the general partner of Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (TOO), has declared a cash distribution of $0.56 per unit for the quarter ended September 30, 2015, an increase of 4 percent compared to the cash distribution paid in the prior quarter. The cash distribution is payable on November 13, 2015 to all
Sanchez Energy Corporation (SN) (“Sanchez Energy” or the “Company”) today announced it has appointed Eduardo Sanchez as President of Sanchez Energy effective October 1, 2015. Eduardo Sanchez will provide operations oversight and will direct the execution of the Company’s business plans. Eduardo Sanchez has over 15 years of experience in the exploration and production industry and has served as President
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