New South Sea discovery tested to produce more than 35 MMcf/d China National Offshore Oil Corporation (CNOOC; ticker: CEO) announced yesterday a new “mid-to-large sized” natural gas discovery. The find, Lingshui 25-1, is located in the northeast of Ledong Sag in the Qiongdongnan Basin of the South Chinese Sea. The discovery well Lingshui 25-1-1 was drilled and completed at a
Energen Corporation (EGN) said today that it is assessing the impact of severe winter weather on its Permian Basin operations. Adverse weather conditions began affecting the company’s operations in the Delaware and Midland basins and Central Basin Platform on December 30, 2014. The storm’s impacts include power outages, trucking curtailments, limited access to production and drilling facilities, and frozen facilities.
Sanchez Energy Corporation (SN) (the “Company”, “SN”, “Sanchez Energy”, “we”, “our”, or similar terms), today announced a revised 2015 capital plan and guidance, which included the following highlights: Highlights Total capital plan for 2015 is expected to be in a range of $600 million to $650 million, of which $560 to $600 million will be for well drilling and completion
Chevron Corporation (ticker: CVX) has announced a “significant” oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. The Anchor #2 Well, which is located in Green Canyon Block 807, was drilled to a total depth of 33,749 feet and encountered pay in multiple Inboard Lower Tertiary Wilcox Sands. The well is located approximately 140 miles from
SD — UPCOMING DEADLINE: LEVI & KORSINSKY, LLP Reminds Investors of Class Action Against SandRidge Energy, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of January 12, 2015 — SD
Story by The Denver Post Speaking to reporters outside the White House, Colorado Gov. John Hickenlooper said Tuesday afternoon that he supported the administration’s pledge to veto new legislation from Congress that would fast-track construction of the controversial Keystone XL pipeline. Earlier in the day, Josh Earnest, the White House press secretary, confirmed that President Barack Obama would veto a
Pioneer Natural Resources Company (PXD) (“Pioneer” or “the Company”) today announced that it has converted approximately 85% of its 2015 oil derivative contracts from three-way collars to fixed-price swaps. Pioneer’s 2015 fixed-price oil swaps cover 82,000 barrels of oil production per day at an average NYMEX price of $71.18 per barrel. These fixed-price derivative swaps and Pioneer’s remaining three-way collar
Enterprise Products Partners L.P. (EPD) announced today that the board of directors of its general partner declared an increase in the quarterly cash distribution paid to partners to $0.37 per common unit, or $1.48 per unit on an annualized basis. The quarterly distribution will be paid on Friday, February 6, 2015, to unitholders of record as of the close of
Chevron Corporation (CVX) today announced a significant oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. Anchor is Chevron’s second discovery in the deepwater Gulf in less than a year. “The Anchor discovery, along with the previously announced Guadalupe discovery, are significant finds for us in the deepwater Gulf of Mexico. We had one of our
Crescent Point will maintain dividend despite 28% CapEx cut Two companies this week, Crescent Point Energy Corp. (ticker: CPG) and Concho Resources Inc. (ticker: CXO), released forward looking statements projecting increased production in 2015, regardless of commodity prices. Crescent Point, which is based in Calgary, Alberta, said in its announcement that the company has set a capital expenditures budget of
MLP Pioneer Cuts Dividend and Capex by more than 50% LINN Energy LLC (ticker: LINE), a top-15 independent oil and natural gas development company, has announced reductions of more than 50% in both capital expenditures and dividends in 2015. LINN Energy has an unconventional approach in the oil in gas industry, with LINE executing on oil and gas development while
Colorado commissioners have decided to allow for higher fines for oil and gas industry violations After much debating, the Colorado Oil and Gas Conservation Commission (COGCC) has decided to approve heavier penalties for oil and gas well operators who violate state regulation. The new penalties include fines of up to $15,000 per day, up from a nearly 60-year old measure
