Sunday, August 3, 2025

Bonanza Creek Hits High Water Marks

Bonanza Creek Energy, Inc. (ticker: BCEI) exceeded the company’s high-end of Q4 2017 estimates by producing 14.8 MBOEPD. The company is expecting Rockies production to grow by 20% in 2018 and in 2019 Bonanza Creek said it expects an increase of 50% or more. Expanding core footprint in DJ with French Lake “In 2017, we secured our strategically important leasehold

WoodMac: Onshore and Offshore Oil Now have More in Common

Exxon $50 Billion Bonanza Returns Spending to Pre-Rout Level

From Bloomberg Exxon Mobil Corp. is set to spend $50 billion over the next half decade in a return to the oil giant’s spending habits before crude suffered its worst price rout in a generation. With oil prices now hovering above $65 a barrel in New York, Exxon Chief Executive Officer Darren Woods disclosed a program that includes the Permian Basin of

Iraq Will Build New 300,000 BPD Refinery with Chinese Firms, Plans 3 Others

From Reuters BAGHDAD (Reuters) – Iraq plans to build an oil refinery at the port of Fao on the Gulf with two Chinese companies, and is seeking investors to build three more, the oil ministry said on its website on Monday. The refinery in Fao will have a 300,000 barrel-per-day capacity and include a petrochemical plant, it said. Two other

Moving Oil by Rail - Oil & Gas 360

Oil Slips Below $66 as Rigs, Dollar Rise

From Bloomberg/Houston Chronicle U.S. oil slipped below $66 a barrel, hampered by the biggest rise in the oil rig count since March and a firmer dollar. West Texas Intermediate futures in New York fell 0.7 percent while Brent in London slipped 1 percent, earlier narrowing the gap between the grades to as little as $3.99 a barrel, the smallest in

Why Canada is the Next Frontier for Shale

Duvernay, Montney could rival the richest U.S. deposits From Reuters/CBC The revolution in U.S. shale oil has battered Canada’s energy industry in recent years, ending two decades of rapid expansion and job creation in the nation’s vast oilsands. Now Canada is looking to its own shale fields to repair the economic damage. Canadian producers and global oil majors are increasingly exploring the