Parsley Energy, Inc. (ticker: PE) announced on May 23, 2016, that the company has reached an agreement to acquire mineral rights under approximately 30,000 acres consisting of Parsley leasehold and other adjacent properties in Pecos and Reeves Counties, Texas, in the Southern Delaware Basin for $280.5 million in cash. The proposed transaction is scheduled to close by July 14, 2016.
The story surrounding Freeport-McMoRan’s (ticker: FCX) oil and gas assets continues to unfold as the mining giant announced last week that it would withdraw its registration to sell shares in the unit. “At this time the company has determined not to proceed with the initial public offering contemplated by the registration statement,” the company said in a filing. FCX initially
Concerned InterOil Shareholders express their disappointment that the Board of InterOil has once again demonstrated their lack of alignment
Imports of Russian crude to China are up 52.4% from last year For the second time this year, Russia supplied more crude oil to China than Saudi Arabia. Crude imports from Russia increased 53.4% year-over-year in April to reach 1.17 MMBOPD, topping the previous record of 1.13 MMBOPD in December, Reuters reported. April imports from Saudi Arabia fell 21.8% from
Highest oil breakeven is in Williston Basin; for gas it’s the Fayetteville Lowest oil breakeven is the Midland Basin; lowest for gas is the southwest Marcellus A report from KLR Group today has pegged the breakeven costs for various oil and gas plays around the United States. The report looked at capital performance of E&P companies, and found that the
HOUSTON, TX – (May 17, 2016) – P2 Energy Solutions today announced the release of P2 Forecast, a new analytics solution that generates unbiased, probabilistic oil and gas production forecasts automatically, freeing up engineers’ time to focus on other engineering-intensive, value-added activities. P2 made the announcement at the Petroleum Network Education Conferences’ (PNEC) 20th International Conference on Petroleum Data Integration,
HOUSTON, TX–(Marketwired – May 23, 2016) – Yuma Energy, Inc. (NYSE MKT: YUMA) (the “Company” or “Yuma”) today announced its financial results for the quarter ended March 31, 2016. Financial Results Sales and Other Operating Revenues The following table presents the net quantities of oil, natural gas and natural gas liquids produced and sold by us for the three months
Kalnin Ventures Announces Closing of Marcellus Asset Acquisition for Banpu Pcl Pays $112 Million for Range’s 29.4% stake in Chaffee Corners JEA Repsol and Abarta Energy own the remaining interest in the exploration area BROOMFIELD, CO–(Marketwired – May 23, 2016) – Kalnin Ventures LLC today announced it has closed the purchase of a 29.4 percent stake from Range Resources –
Rowan to Receive $215 Million Payment Plus Potential $30 Million in Contingent Payments
From The Peninsula (Qatar) DAMIETTA, Egypt: Egypt will increase its natural gas production to between 5.5 and 6 billion cubic feet per day by the end of 2019, Oil Minister Tarek El Molla said on Sunday, up from the current 3.9 bln cubic ft per day. Egypt currently has 12 natural gas field development projects underway, worth a total of $33 billion in investment, he
Northern Power Systems Concludes Strategic Review of Business; Determines to Pursue Strategic Alternatives for its Utility Scale Wind Business
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