November 17, 2016 – Oil & Gas 360

Emerge Energy Services Announces Pricing of Upsized Public Offering of Common Units

November 17, 2016

Emerge Energy Services Announces Pricing of Upsized Public Offering of Common Units

Synodon Announces Receipt of Notice of Intention to Enforce Security and Resignation of Director

November 17, 2016

Synodon Announces Receipt of Notice of Intention to Enforce Security and Resignation of Director

How Alberta Mismanaged the Energy Boom Compared to Texas

November 17, 2016

Fraser Institute Study Compares How Texas and Alberta Managed Public Finances between 2004 and 2014 A new report from the Fraser Institute, titled “One Energy Boom, Two Approaches: Fiscal Restraint Has Left Texas in Better Shape than Alberta,” concludes that Alberta’s undisciplined spending and fiscal mismanagement rather than the drop in energy prices was been responsible for its history of deficits

DUCs Haven’t Flown Fast Since April

November 17, 2016

DUCs: Mid-Continent Plays See Spike in Drilled, Uncompleted Wells, Declines Elsewhere Bloomberg Intelligence has released its updated counts of drilled, uncompleted wells. Total DUCs were estimated to stand at 3581 on September 1, a decrease of 196 since January and a decrease of 275 since September 2015. Since April however, the U.S. total has held essentially steady, with 6 net

Natural Gas Ready for Major Gains Over the Next 25 Years: IEA

November 17, 2016

Lower demand for coal will make natural gas an increasingly important fuel The International Energy Agency (IEA) released its annual World Energy Outlook Wednesday, saying natural gas will play an increasingly important role in the mix of global fuels through to 2040. Renewables will also play a leading role moving forward, but to what extent will depend on how countries

Tesoro Becomes the Fifth-Largest U.S. Refiner with $6.4 Billion Acquisition

November 17, 2016

Tesoro Corporation purchases Western Refining Tesoro Corporation (ticker: TSO) announced a definitive agreement Thursday under which it will acquire Western Refining Inc. (ticker: WNR) at an implied current price of $37.30 per Western share in a stock transaction, representing a 22% premium to the company’s closing price Wednesday. The equity value of the deal is $4.1 billion and includes the