Oil and Gas 360 Articles

Whiting Petroleum Re-Ups On Williston Basin Properties

Whiting Petroleum Re-Ups On Williston Basin Properties

Whiting Petroleum Corporation (ticker: WLL) is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas and natural gas liquids primarily in Williston Basin and Permian Basin regions of the United States. The …

August 27, 2013 - 5:19 pm Mergers & Acquisitions, Oil and Gas 360 Articles

Afren plc Discusses Kurdistan Acquisitions and Okoro Field Expansions; Delivers Record Production

Afren plc (ticker: AFR) is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange. Afren is currently producing from its assets offshore Nigeria and Côte d’Ivoire and holds further …

August 26, 2013 - 5:14 pm Oil and Gas 360 Articles
Energy XXI Reports Expanded Reserve Base; New Subsalt Opportunities Complement Horizontal Drilling; 2014 Forecast – Up!

Energy XXI Reports Expanded Reserve Base; New Subsalt Opportunities Complement Horizontal Drilling; 2014 Forecast – Up!

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company has implemented an “acquire and exploit” growth strategy to build a …

August 23, 2013 - 4:03 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles

New Executive Interviews from EnerCom’s The Oil & Gas Conference® 18 Now Posted

EnerCom, Inc. today posted video interviews with executives on Oil & Gas 360®, the company’s one-stop source of oil and gas news, information and analysis from the professionals at EnerCom, Inc.

The interview series conducted at EnerCom’s The Oil & …

August 21, 2013 - 6:15 pm Offshore, Oil and Gas 360 Articles, Oilfield Services

Samson Oil & Gas Limited Announces Joint Venture with Slawson Exploration; Deal Advances Bakken Infill Drilling

Samson Oil & Gas Limited (NYSE, ASX: SSN) is an exploration and production company domiciled in Australia, but has all of its oil and gas assets in the United States. The Company’s executive management and technical staff are based in …

August 19, 2013 - 4:16 pm Oil and Gas 360 Articles

Day Three and Four– Breakout Notes from EnerCom’s The Oil & Gas Conference® 18

The Oil & Gas Conference® 18 forum offers investment professionals the opportunity to listen to the world’s key senior management teams present their growth plans, and provides industry professionals a venue to learn about important energy topics affecting the global …

August 15, 2013 - 9:45 am Oil and Gas 360 Articles

Day Two – Breakout Notes from EnerCom’s The Oil & Gas Conference® 18

The Oil & Gas Conference® 18 forum offers investment professionals the opportunity to listen to the world’s key senior management teams present their growth plans, and provides industry professionals a venue to learn about important energy topics affecting the global …

August 14, 2013 - 9:00 am Oil and Gas 360 Articles

Day One – Breakout Notes from EnerCom’s The Oil & Gas Conference® 18

The Oil & Gas Conference® 18 forum offers investment professionals the opportunity to listen to the world’s key senior management teams present their growth plans, and provides industry professionals a venue to learn about important energy topics affecting the global …

August 13, 2013 - 9:15 am Oil and Gas 360 Articles

CAMAC Energy Dealing With Challenging Industry Rig Climate in Africa

CAMAC Energy Inc. (ticker: CAK) is a U.S. based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, …

August 7, 2013 - 2:14 pm Oil and Gas 360 Articles

Unit Corporation Notes From the Road – Building Long-Term Value

EnerCom, Inc. traveled with Unit Corporation (ticker: UNT) executives to meet with investors in Dallas to complement similar trips undertaken with the company during 2013 in other energy investment centers, including London.  Click here for the latest corporate presentation.…

PDC Energy Announces Public Offering of Common Stock

PDC Energy Announces Public Offering of Common Stock

PDC Energy, Inc. (“PDC” or the “Company”) (PDCE) today announced that it has agreed to sell 3,750,000 shares of its common stock in an underwritten public offering. The Company has granted the underwriter an option for 30 days to purchase …

August 6, 2013 - 3:12 pm Oil and Gas 360 Articles
Unit Corporation Reports 2013 Second Quarter Results

Unit Corporation Reports 2013 Second Quarter Results

Unit Corporation (UNT) today reported its financial and operational results for the second quarter of 2013. Highlights include:

  • Adjusted non-GAAP net income for the quarter was $48.8 million, or $1.01 per diluted share (see Non-GAAP Financial Measures below).
  • Total production
August 6, 2013 - 3:10 pm Mergers & Acquisitions, Oil and Gas 360 Articles

Dawson Geophysical Reports Fiscal Third Quarter And Nine Month 2013 Results

Company Reports an Increase in Third Quarter Net Income And EBITDA over Comparative 2012 Quarter

Dawson Geophysical Company (DWSN) today reported revenues of $75,647,000 for the third quarter-ended June 30, 2013, compared to revenues of $68,348,000 for the same quarter …

Miller Energy Increases Loan Facility with Apollo Investment; Announces Alaskan Drilling Operations are “On Schedule”

Miller Energy Resources, Inc. (ticker MILL) is an oil and natural gas exploration, production and drilling company operating in the Cook Inlet, Alaska and in the heart of Tennessee’s Appalachian Basin including the Mississippian Lime and Chattanooga Shale. Miller is …

August 6, 2013 - 3:01 pm Arctic, Oil and Gas 360 Articles

PDC Energy Posts Second Quarter Results; Utica and Wattenberg Still Driving the Valuation; One Quarter Don’t Make a Season

PDC Energy (ticker: PDCE) is an independent natural gas and oil company that operates in Colorado within the liquid-rich Wattenberg Field and the Appalachian Basin including the emerging liquid-rich Utica Shale play in Ohio and the Marcellus Shale in West …

August 6, 2013 - 2:59 pm Oil and Gas 360 Articles

Protect your company from field-level fraud in the oil patch

Most swept under the rug, but it’s a common occurrence

By Megan McFarland, CPA – Hein & Associates

With every oil boom, comes fraud. Most of the attention centers on fraudulent stock scams, which hit the courts regularly in every …

August 5, 2013 - 3:09 pm Oil and Gas 360 Articles
Sanchez Energy Reports Growing Production Results

Sanchez Energy Reports Growing Production Results

Sanchez Energy Corporation (ticker: SN) is a Houston, Texas, based growth oriented independent exploration and production company focused on the exploration, acquisition, and development of oil resources in the onshore U.S. Gulf Coast with a current focus on the liquids-rich …

July 31, 2013 - 10:10 am Mergers & Acquisitions, Oil and Gas 360 Articles

Hess Corporation sells Energy Marketing business for $1.025 billion to Direct Energy

Hess Corporation (ticker: HES) is a leading global independent energy company engaged in the global exploration and production of crude oil and natural gas.  The company is currently shedding assets in 2013 to become a pure-play E&P company.

Hess …

July 31, 2013 - 10:04 am Midstream, Oil and Gas 360 Articles

Interview with Goodrich Petroleum's Rob Turnham – GDP More Than Doubles TMS Position; Reducing Well Costs

Goodrich Petroleum (ticker: GDP) is an independent oil and gas exploration and production company with operations in the Eagle Ford Shale, Haynesville Shale and Tuscaloosa Marine Shale (TMS). Along with Encana (ticker: ECA), Goodrich has been a pioneer of …

July 22, 2013 - 4:22 pm Oil and Gas 360 Articles
Shell and Partners Dive Deep to Increase Production

Shell and Partners Dive Deep to Increase Production

Royal Dutch Shell Plc. (ticker: RDS.A) expects an increase in production with the kick off of two deep water projects in Brazil. The offshore wells will be drilled in the Parque das Conchas (BC-10) and the Bijupirá/Salema fields

Shell is …

July 22, 2013 - 3:56 pm Oil and Gas 360 Articles
Bam! It’s Earnings Season Again – Q2’13 Estimates

Bam! It’s Earnings Season Again – Q2’13 Estimates

EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 190 E&P and OilService companies in our database. Click here for the full chart of estimates.

The median OilService company earnings …

July 19, 2013 - 4:32 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles

ERHC Energy Flying High in Kenya; Airborne FTC Survey Commencing

ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last two years, ERHC has acquired exploration blocks in Chad and Kenya to complement its existing offshore blocks in …

July 19, 2013 - 4:09 pm Mergers & Acquisitions, Oil and Gas 360 Articles
Worldwide Rig Count Decreases Year-Over-Year; International Rig Count Increasing

Worldwide Rig Count Decreases Year-Over-Year; International Rig Count Increasing

Baker Hughes released their worldwide rig count report July 9, 2013, revealing the world rig count during June 2013 was down 5.9% to 3,277 rigs from a June 2012 levels of 3,484.

Additionally, U.S. rig count during June 2013 dropped …

July 11, 2013 - 9:33 am Oil and Gas 360 Articles

Magnum Hunter Resources: Filings Filed; Onward to Growth

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

July 10, 2013 - 5:51 pm Midstream, Oil and Gas 360 Articles

Crude Oil Cuttings (Week Ended 7/5/13)

Crude Oil Inventory/’000 BBLS

Current: 373,918
Actual Build/(Withdrawal): (9,874)
Economist Average Estimate: (3,114)
Previous: 383,792

Click here for the chart with five year averages.

CRUDE OIL IN THE MEDIA

*Fracking Firms Face New Crop of Competitors – WSJ

So many …

Colorado Environmental Regulation Changes On the Horizon?

Colorado Environmental Regulation Changes On the Horizon?

A change to the way oil and gas pollution is regulated is the next big step for the Colorado Department of Public Health and Environment.

CDPHE is moving forward to adopt EPA’s air pollution rules. In 2012, EPA set new

July 9, 2013 - 3:08 pm Oil and Gas 360 Articles, Regulatory
When Will the Keystone Pipeline Become a Necessity?

When Will the Keystone Pipeline Become a Necessity?

In an industry report released July 8, 2013, Raymond James & Associates asked the question: ‘When will the Keystone XL Pipeline become a necessity?’

According to analysts, Marshall Adkins & Cory Garcia, additional pipeline capacity out of Western Canada will …

July 9, 2013 - 10:42 am Canada, Midstream, Oil and Gas 360 Articles, Regulatory
Barclays Capital Report: Looking Beyond the Rig Count

Barclays Capital Report: Looking Beyond the Rig Count

On July 2, 2013, Barclays published a report titled, “A Pressure Pumping Recovery: The Biggest Surprise for 2013?” emphasizing the firm’s optimistic outlook on the improvement of the pressure pumping market despite the slower than expected growth in rig count.…

July 3, 2013 - 3:22 pm Finance, Oil and Gas 360 Articles

Countries Unanimously Agree on Gas-pricing System at Second Gas Summit of Gas Exporting Countries Forum

Russian leader, Vladimir Putin, has been dipping his toes in to a lot of pools lately. Between his position on possibly allowing Edward Snowden to seek asylum in Russia and his hosting of the second Gas Summit of the Gas …

July 3, 2013 - 12:23 pm Oil and Gas 360 Articles, Regulatory

U.S. and Mexico to Jointly Develop Gulf of Mexico

An agreement between the U.S. and Mexico is prompting U.S. oil and gas offshore operators in the Gulf of Mexico to brush up on their Spanish.

The passage of H.R. 1613 in the U.S. House of Representative is expected to …

July 3, 2013 - 11:44 am Offshore, Oil and Gas 360 Articles, Politics & Opinions