Samson Oil & Gas lowers differential from $8.00 per barrel to $5.50-$6.50 Samson Oil & Gas (ticker: SSN) announced its quarterly results for the first quarter of 2017 indicating that the company is seeing stronger pricing for its Williston Basin production. Samson reported that production averaged 722 BOEPD during the quarter ended March 31, 2017. According to the company’s press
99% HBP by 220 producing vertical wells EnCap-backed PetroLegacy Energy II, LLC closed on the acquisition of roughly 20,000 net acres in northeastern Martin County, Texas, from Pioneer Natural Resources Company (ticker: PXD) for $266 million. PetroLegacy said the Northern Midland Basin assets are currently producing approximately 1,500 BOEPD and will provide PetroLegacy with horizontal drilling locations across the property
From The Hill Federal Energy Regulatory Commissioner (FERC) Colette Honorable said Friday she will leave the board when her term expires in June. “After much prayer and consideration I’ve decided not to pursue another term,” Honorable wrote in a note posted on Twitter. “I appreciate the strong bipartisan support I’ve enjoyed over the years and look forward to continuing this
Alerian announced today that Energy Transfer Partners (ETP) is expected to be removed from the Alerian MLP Index (AMZ), Alerian MLP Equal Weight Index (AMZE), Alerian MLP Infrastructure Index (AMZI), and the Alerian Large Cap MLP Index (AMLI) in a special rebalancing. Special rebalancings are triggered by corporate actions such as mergers, bankruptcies, and liquidations. Pending shareholder approval, ETP will
From Reuters U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline. Major U.S. East Coast refiners profited from railing hundreds of thousands of barrels of discounted Bakken crude to
Alabama Graphite Corp. Commences Production of greater than 150 Kilogram Stockpile of Sourced-and-Manufactured-in-USA Specialty Battery-Ready Graphite for End User Qualification
Paraco Gas expands its base on Long Island with the acquisition of family owned Island Propane
From PE Hub Calgary oilfield service company STEP Energy Services Inc. has revised its recently filed initial public offering. STEP, backed by Canadian energy private equity firm ARC Financial Corp, said it will sell 10 million common shares at $10 per unit, generating about $100 million in proceeds. That amount may increase to $115 million if a greenshoe option is exercised. STEP originally priced the
From the San Antonio Business Journal Midstream company NuStar Energy reported a profitable first quarter and is starting the second quarter with two financial transactions that will help to pay for a $1.475 billion deal to buy its first assets in the Permian Basin of West Texas. NuStar Energy LP (ticker: NS) released its first quarter earnings before the market
Schaeffler Showcases Comprehensive Portfolio of Technological Innovations for the Oil & Gas Industry at OTC 2017
From Reuters The Trump administration’s proposal to slash tax rates on so-called pass-through businesses would deliver a windfall to investors in master limited partnerships and could offer a much-needed lift to this niche segment of the energy market. The tax plan outline released on Wednesday by U.S. President Donald Trump would sharply slash business taxes and discount the rate on
Dominion Virginia Power Plan Sees More Clean Energy
