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August 30, 2017

Exclusive Video Interview with Tamarack Valley Energy President & CEO Brian Schmidt

August 30, 2017

Tamarack Valley Energy: strong growth, fast paybacks At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Tamarack Valley Energy (ticker: TVE) President & CEO Brian Schmidt. Tamarack Valley Energy’s rate-of-return focused growth strategy targets the drilling and acquisition of repeatable and predictable long-life resource plays in the Western Canadian

Exclusive Video Interview with Gran Tierra Energy President & CEO Gary Guidry

August 30, 2017

Gran Tierra Energy: reinvesting cash flow in exploration: we’re trying to drill 30-40 exploration wells in the next 3-4 years At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Gran Tierra Energy (ticker: GTE) President & CEO Gary S. Guidry. Gran Tierra transformed its portfolio through four strategic, accretive

Statoil Korpfjell Well Finds Insufficient Gas for Development

August 30, 2017

210-420 Bcf recoverable not enough in Barents Sea Statoil (ticker: STO) reported the results of its first well in the Korpfjell prospect, an exploratory well in the Barents Sea. The Korpfjell prospect is a large structure in the Norwegian section of the Barents Sea, well within the Arctic Circle. According to Lundin Petroleum (ticker: LUPE), which holds a 15% stake

Nearly 20% of Gulf Production Remains Offline from Harvey

August 30, 2017

425 MBOEPD shut in The Bureau of Safety and Environmental Enforcement (BSEE) has released today’s Tropical Storm Harvey Activity Statistics, outlining the effects of the storm on activities in the Gulf. According to the BSEE: 102 production platforms have been evacuated, just under 14% of the 737 manned platforms in the GOM. These shutdowns mean about 324 MBOPD, or 18.5%

Manitok Energy Production up 55% YOY

August 30, 2017

Realized prices up, OpEx and G&A down Manitok Energy (ticker: MEI) announced second quarter results today, showing a net loss of $8.6 million, or ($0.03) per share. Manitok reported second quarter production of 5,556 BOEPD, 38% of which was light oil and liquids. This means production is up 55% year-over, as Q2 2016 production averaged 3,587 BOEPD. Manitok improved its

Weekly Oil Storage: Draw Exceeds Expectations

August 30, 2017

The EIA released its weekly Petroleum Status Report yesterday, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 5,392 MBBL last week to 457,773 MBBL, down from 463,165 MBBL last week. This is 8% below the 495,238 MBBL that was in storage at this point last year, but remains 20%

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