The latest Oil Market Report by IEA suggests that the global demand growth for oil has been revised upwards to 1.6 million BOPD. This number has already included the effects of Hurricanes Irma and Harvey on the U.S. energy demand. Demand up, supply down “Global oil demand grew very strongly year-on-year in 2Q17, by 2.3 mb/d (2.4%). For 2017, we have
Yuma Energy, Inc. (ticker: YUMA) announced that the borrowing base under its revolving credit facility has be reaffirmed at $40.5 million. The next scheduled borrowing base redetermination is expected to occur around April 1, 2018, the company said in a press release. Yuma Energy’s assets include oil and gas resources located in southern Louisiana, southeastern Texas and has recently moved
US Oil Sands Inc. Announces Director Resignation
Tallgrass Energy Partners, LP (ticker: TEP) announced that it priced an offering of $500 million in aggregate principal amount of 5.5% senior unsecured notes due 2028 at an offering price equal to 100% of par. The offer has been made alongside Tallgrass Energy Finance Corp., a subsidiary of TEP. The Notes offering is set to close September 15, 2017, subject
Goodnight Midstream announced a multi-year partnership to provide pipeline disposal service for Callon Petroleum Company (Ticker: CPE) in the southern Delaware Basin. Goodnight Midstream will build, own and operate a produced water pipeline connecting Callon’s Spur acreage in Ward County, Texas to saltwater disposal wells in the Central Basin Platform. Goodnight Midstream said volumes of disposed water would be transported to the Central Basin Platform, which is
On September 12, 2017, Howard Midstream Partners, LP filed an SEC S-1 Registration Statement to issue securities with a proposed maximum aggregate offering price of $200,000,000. The company has current operations located in South Texas, Northeastern Pennsylvania, Texas Gulf Coast, the Delaware Basin, and Mexico. Howard Midstream Partners, LP owns and controls natural gas gathering systems in South Texas and
The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks rose by 5,888 MBBL last week to 468,241 MBBL, up from 462,353 MBBL last week. This is 2% below the 480,166 MBBL that was in storage at this point last year, but remains 23%
180 BOEPD, 120,000 acres for $3.1 million in stock Manitok Energy (ticker: MEI) is acquiring Corinthian Oil Corp. Today’s amalgamation is the most recent in a string of growth moves by the company. Corinthian Oil currently owns about 120,000 acres of land, 100,000 acres of which has not been developed. Most of this land is located in the Heathdale area
Shell Energy North America (US), L.P., Closes MP2 Energy LLC Acquisition Deal
Enterprise Enters into New Revolving Credit Facilities to Extend Maturities
White Biotechnology Market – Drivers and Forecasts by Technavio
