Articles by: Bevo Beaven, Editor

Colorado: Aurora City Council Approves Operator Agreement with ConocoPhillips for 300-Well Development

Colorado: Aurora City Council Approves Operator Agreement with ConocoPhillips for 300-Well Development

By Bevo Beaven, Editor, Oil & Gas 360

Local control in Colorado: one city works out strict health, safety, environmental controls for oil and gas operators; lands in environmental movement crosshairs anyway
Adjacent to Denver’s eastern border, the city of

Talos Energy Increases Borrowing Base, Announces Hedges

Talos Energy Increases Borrowing Base, Announces Hedges

By Bevo Beaven, Editor, Oil & Gas 360, with Olivier Goodrich

Gulf of Mexico explorer Talos Energy (stock ticker: TALO) has added three new lenders to its credit facility and bumped its borrowing base to $850 million from the previous

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

Colorado: Weld County Just Created its Own Oil & Gas Department

The Weld County oil & gas department will open August 5
Weld Commissioners say the action "solidifies their commitment of preserving oil and gas production in the county”
By Bevo Beaven, Editor, Oil & Gas 360
In the wake of

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017

U.S.’s 2020 crude oil production en route to 13.3 MMBOPD – EIA 

By Bevo Beaven, Editor, Oil & Gas 360


There’s no doubt that production around the U.S. oilpatch is continuing its significant upward momentum.

In the heart of the …

U.S. Refinery Capacity Breaks 1981 Record

U.S. Refinery Capacity Breaks 1981 Record

Marathon is now largest U.S. refiner, Valero second largest
Not only is the United States upstream sector producing crude oil at record levels, the EIA has released its annual report for U.S. refining capacity, and the refining sector is breaking

Colorado Energy Law Fallout: Boulder County Enacts Emergency Oil and Gas Moratorium through Q1 2020

Colorado Energy Law Fallout: Boulder County Enacts Emergency Oil and Gas Moratorium through Q1 2020

Temporary moratorium on applications for new oil and gas development and seismic testing – public hearing scheduled for July 16 to determine if moratorium will be extended
By Bevo Beaven, Editor, Oil & Gas 360
Some of Colorado’s local governments

We Will Retain Production Cuts Nine More Months: OPEC+

We Will Retain Production Cuts Nine More Months: OPEC+

I have no doubt U.S. shale will peak, plateau and decline

By Bevo Beaven, Editor, Oil & Gas 360

At today’s press conference following OPEC’s annual meeting in Vienna, Saudi Arabia’s Minister of Energy, Industry and Mineral Resources Khalid Al-Falih, …

Devon Closes Canada Deal 

Devon Closes Canada Deal 

By Bevo Beaven, Editor, Oil & Gas 360

Devon Energy Corp. (stock ticker: DVN) has completed the sale of its Canadian business segment to Canadian Natural Resources (stock ticker: CNQ) for CAD $3.8 billion, or US $2.8 billion.  

Devon secured

U.S. Oilpatch Drilling Productivity Multiple Climbs Above 3.0

U.S. Oilpatch Drilling Productivity Multiple Climbs Above 3.0

Effective Rig Count falls by 49 in May
By Bevo Beaven, Editor, Oil & Gas 360
Oil & Gas 360 has released the latest Effective Rig Count, a measure that evaluates the state of drilling activity in the U.S. shale

CNOOC Signs 100-Day Jack-Up Extension with Maersk in the UK Shelf

CNOOC Signs 100-Day Jack-Up Extension with Maersk in the UK Shelf

By Bevo Beaven, Editor, Oil & Gas 360

Maersk Drilling (stock ticker: DDRLF) said that its customer CNOOC subsidiary CNOOC Petroleum Europe has exercised a one-well option for its Mærsk Innovator jack-up rig in the North Sea. CNOOC will use …

Jerry Jones Gives his View of Haynesville’s Comstock Resources on Conference Call

Jerry Jones Gives his View of Haynesville’s Comstock Resources on Conference Call

By Bevo Beaven, Editor, Oil & Gas 360
The Haynesville Shale play drew a lot of attention early this week when Haynesville operator Comstock Resources (stock ticker: CRK) announced it was acquiring privately-held Covey Park Energy for $2.2 billion, making

Roan Resources (stock ticker: ROAN), an independent oil and natural gas company based out of Oklahoma City,Merge, SCOOP and STACK producer Roan Resources, Inc. (stock ticker: ROAN) said it expects 2Q production to exceed 50 MBOEPD,- Oil & Gas 360

Roan Resources Raises 2Q Guidance to 50 MBOEPD      

By Bevo Beaven, Editor, Oil & Gas 360
Merge, SCOOP and STACK producer Roan Resources, Inc. (stock ticker: ROAN) said it expects 2Q production to exceed 50 MBOEPD, which compares to adjusted guidance of approximately 49 MBoe/d, when accounting for

Colorado Governor’s Withdrawal of Support for Jordan Cove Riles U.S. Congressman

Colorado Governor’s Withdrawal of Support for Jordan Cove Riles U.S. Congressman

Polis's snub of Jordan Cove dovetails with his new 100% renewable energy program
By Bevo Beaven, Editor, Oil & Gas 360
U.S. Congressman Scott Tipton, representing Colorado's Western Slope -- the Piceance Basin. Photo: U.S. House of Representatives

U.S. Congressman

Source: Occidental Petroleum

Occidental Petroleum CFO Cedric Burgher to be Keynote Speaker on Day One of The Oil & Gas Conference® 2019

EnerCom conference presenter schedule is posted

By Bevo Beaven, Editor, Oil & Gas 360

EnerCom said that Senior Vice President and Chief Financial Officer of Occidental Petroleum (NYSE: OXY) Cedric Burgher will deliver the luncheon keynote address on Monday, …

50 Bcf of Gas Infrastructure Assets Sell for $215 Million Cash

50 Bcf of Gas Infrastructure Assets Sell for $215 Million Cash

By Bevo Beaven, Editor, Oil & Gas 360

Martin Midstream Partners L.P. (stock ticker: MMLP) has entered into a definitive agreement with Hartree Cardinal Gas, LLC, a subsidiary of Hartree Bulk Storage LLC, to sell its membership interests in Arcadia …

Executive Shuffleboard at Calfrac

Executive Shuffleboard at Calfrac

By Bevo Beaven, Editor, Oil & Gas 360

Calfrac Well Services Ltd. (stock ticker: CFW) announced a number of executive changes:

  • President and CEO Fernando Aguilar announced his retirement;
  • Calfrac COO Lindsay Link has been promoted to president and chief
Serinus Energy Names COO

Serinus Energy Names COO

By Bevo Beaven, Editor, Oil & Gas 360
Tunisia and Romania oil and gas producer Serinus Energy plc (LSE stock ticker: SENX) has named Judicael Tinss as its new chief operating officer.

Tinss has eighteen years of experience in reservoir

U.S. Restricts Exports of Oil Diluents to Venezuela

U.S. Restricts Exports of Oil Diluents to Venezuela

The Treasury Department placed a notice yesterday on its website announcing that the U.S. is restricting any U.S. firm from exporting diluents to Venezuela. Diluents are used to help enable Venezuela’s heavy oil to flow. The restrictions put international companies

Taking questions after OPEC/non-OPEC joint production cut announcement on Dec. 7, 2018: left to right - Alexander Novak, Minister of Energy for the Russian Federation, Khalid A. Al-Falih, Saudi Arabia’s Minister of Energy, Industry & Mineral Resources, Suhail Mohamed Al Mazrouei, the UAE Minister of Energy & Industry and president of the conference. Far right: OPEC Secretary General Mohammad Sanusi Barkindo of Nigeria.

World’s Daily Crude Oil Production Up to 75.8 Million Barrels in 2018 while OPEC Output Dips 

Largest crude oil demand growth came from Asia, Pacific regions and North America
By Bevo Beaven, Editor, Oil & Gas 360
The OPEC oil cartel published its Annual Statistical Bulletin this week. The book highlights some interesting facts from the

NextDecade Names New Chairman

NextDecade Names New Chairman

NextDecade Corporation (stock ticker: NEXT) said that its board has elected company CEO Matthew K. Schatzman to serve as chairman, effective June 4, 2019.

Schatzman replaces Matthew W. Bonanno, who served as interim chairman since May 14, 2019, following the …

June 6, 2019 - 5:57 pm Closing Bell Story‎, LNG, Oil and Gas 360 Articles
Eni VP Andrew Lees to Keynote EnerCom Conference Luncheon Aug. 14, 2019

Eni VP Andrew Lees to Keynote EnerCom Conference Luncheon Aug. 14, 2019

EnerCom has booked global oil and gas giant Eni, SpA Vice President Andrew Lees to deliver the keynote luncheon address at The Oil & Gas Conference® on Aug. 14, 2019. The conference is August 11-14, 2019, at the Westin Denver …

Gulf of Mexico in 2019: Some Months May ‘Touch the 2 MMBOPD Ceiling’ – Rystad

Gulf of Mexico in 2019: Some Months May ‘Touch the 2 MMBOPD Ceiling’ – Rystad

Projects record year for U.S. GOM production
Oil production in the US Gulf of Mexico (GoM) is poised to set new records in the imminent future, according to consultant Rystad Energy.

The firm credits Shell’s early startup at its Appomattox

Continental Resources to Shareholders: ‘This is For You’

Continental Resources to Shareholders: ‘This is For You’

Company initiates a quarterly dividend, launches $1 billion share buyback, bumps free cash flow projection to $5 billion

Continental Resources, Inc. (NYSE: CLR) has entered full shareholder payback mode.

The company said today that its board approved the initiation of …

Stunning Stock Stat: 40% of Energy Stocks Hit 52-Week Lows in May, While WTI is Up 21% YTD: Johnson Rice

Stunning Stock Stat: 40% of Energy Stocks Hit 52-Week Lows in May, While WTI is Up 21% YTD: Johnson Rice

Snapshot of energy companies followed by JRCO energy analysts that hit 52-week lows in May
Louisiana-based Johnson Rice & Company’s energy research team put out a table and a stat that makes it pretty clear how investors have been thinking

Oil and Gas Funding is Evolving: An Oil & Gas 360® Special Report

Oil and Gas Funding is Evolving: An Oil & Gas 360® Special Report

For now, Wall Street has turned off the shale funding spigot 

By Bevo Beaven, Editor, Oil & Gas 360, with Richard Rostad, Analyst

Oil and gas funding is evolving. Initial public offerings, secondaries and follow-on equity raises are no longer …

Source: API

Gas Giant: the Stars Align for the Haynesville Shale

Oil & Gas Publishers Note 3/7/2020: The Haynesville Shale continues to be a steady producer. With the recent decline in rig counts the Haynesville has even added one last week. Keep up to date on the rig counts at the

Trade War Comes With an Unexpected Bonus: More Trade

Trade War Comes With an Unexpected Bonus: More Trade

From Bloomberg

A few days before Christmas, the container ship “SM Shanghai” was steaming toward California’s Port of Long Beach. Just ahead and coming to the end of an 11-day journey from China, the “Ever Lucent” was headed for the …

December 31, 2018 - 6:00 am Closing Bell Story‎, Economy
Korean Shipyards End Year with More LNG Carrier Orders

Korean Shipyards End Year with More LNG Carrier Orders

From Marine Log

Korean shipbuilders ended the year by continuing to reel in orders for LNG carriers.

In a regulatory filing on Monday, Samsung Heavy Industries Co., said it had won a contract worth 426 billion won (about $378 million) …

December 31, 2018 - 6:00 am Closing Bell Story‎, Energy News, International, LNG
Connected, Autonomous Commercial Vehicles Face Daunting Cyber Threats

Connected, Autonomous Commercial Vehicles Face Daunting Cyber Threats

From Commercial Carrier Journal

Complex cybersecurity threats, where security breaches could have devastating consequences in terms of lost productivity, disrupted supply chains, and plummeting revenues, are among lingering concerns for connected and autonomous vehicles, according to a recent analysis from …

December 31, 2018 - 6:00 am Closing Bell Story‎, Energy News
Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

Plenty of Work for Lawyers from the Top Mergers and Acquisitions of 2018

From The Houston Chronicle

Most mergers and acquisitions are aimed at increasing scale so companies can win a bigger chunk of their industry market.

That proved true in 2018, but many companies struck deals for other reasons: some to simplify …

December 31, 2018 - 6:00 am Closing Bell Story‎, Energy News, Mergers & Acquisitions