Articles by: Bevo Beaven, Editor

PetroQuest’s Thunder Bayou Well Lives Up to its Name

PetroQuest’s Thunder Bayou Well Lives Up to its Name

Thunder Bayou Production Expected to Commence Q2 2015 at 25-30 MMcfe/day gross

On December 9, 2014, PetroQuest Energy (ticker: PQ) announced results from its Thunder Bayou Prospect (50% working interest and 37% net revenue interest) located in Vermilion Parish, Louisiana.

Nighthawk Energy Foresees Numerous Opportunities in Colorado’s Eastern D-J Basin

Nighthawk Energy Foresees Numerous Opportunities in Colorado’s Eastern D-J Basin

 Low-Cost Vertical Drilling and Multiple Behind-Pipe Uphole Recompletions Coming in 2015

 Chairman Comments in Audio Presentation

Nighthawk Energy (tickers – AIM: HAWK, OTCQX: NHEGY), which operates 100% of its Smoky Hill and Jolly Ranch projects in the eastern Denver-Julesburg Basin, …

U.S. Shale will Drive 30% Oilservice Spending Rebound in 2017: BI

Q3 Company Analytics Now Available on Oil & Gas 360®

Oil & Gas 360® has posted new Q3 profiles and downloadable company analytics tearsheets for 31 E&Ps and Oilservice companies.

Company summaries, stock performance data and news release archives may be found on the Oil & Gas 360® home page …

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Bellatrix Exploration Announces $118 Million Acquisition

Increases 2015 Production Guidance                        

Bellatrix Exploration Ltd. (ticker: BXE) announced this morning that it has completed the acquisition of assets within its core Alder Flats area of west central Alberta (greater Ferrier region) from an unidentified oil and gas producer …

Oil Prices:  Possible OPEC Thanksgiving Day Outcomes

Oil Prices: Possible OPEC Thanksgiving Day Outcomes

CIBC’s Katherine Spector Lays Out a Few Scenarios

Head of Commodities Strategy for CIBC World Markets, Katherine Spector, hosted a conference call for CIBC clients on Wednesday morning in advance of both the U.S. Thanksgiving Day holiday and tomorrow’s …

Canada Oil and Gas Provinces Rank Among Best in the World

Canada Oil and Gas Provinces Rank Among Best in the World

1280px-Canada_geological_map-WCSBFraser Institute’s annual Global Petroleum Survey of energy executives ranks Canada oil and gas provinces among the best in the world for investment. The survey ranks 156 jurisdictions worldwide on their attractiveness for investment based on the input of oil …

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Important Changes to Severance, Use Taxes for Colorado Oil & Gas Producers

Two major decisions were made in Colorado state courts in the past 12 months regarding Colorado tax codes that affect many in the oil and gas industry in the state.

The first was made in BP America Co. v. Colorado

EU Customers Pay Double U.S. Rates for Electricity

EU Customers Pay Double U.S. Rates for Electricity

With their residential electricity prices climbing 43% from 2006 to 2013, European citizens are paying through the nose for electricity, especially when compared to U.S. residential electricity prices, which have climbed just 17% in the same time period.

Oil & Gas 360 Electricity Rates in Europe v. U.S.Average residential …

November 18, 2014 - 1:23 pm International, Oil and Gas 360 Articles, Regulatory
Operating within the Realities of Today’s Lower Oil Prices

Operating within the Realities of Today’s Lower Oil Prices

In November’s “Energy Industry Data and Trends,” EnerCom Consulting’s monthly report to subscribers that was issued Nov. 14, the analysts looked closely at well economics as management and directors of oil and gas companies across the industry prepare for board …

House Approves the Keystone XL Pipeline, but will it Really Matter?

House Approves the Keystone XL Pipeline, but will it Really Matter?

While TransCanada’s $8 billion project hangs in the balance, Canadian oil is already moving south

The landslide Republican victory in this month’s midterm elections will prompt changes in the business of politics and in the U.S. economy, but will they …

Lawsuits are Already Underway in Illinois to Stop Oil & Gas Development

Lawsuits are Already Underway in Illinois to Stop Oil & Gas Development

It didn’t take much longer than a cup of coffee before the lawsuits began to fly after Illinois completed its new oil and gas rules last week, which would have opened the door to new energy development that some …

Kurdish Iraq to Create Its Own Publicly Traded E&P

Kurdish Iraq to Create Its Own Publicly Traded E&P

ISIS Loses Oil Production

In the aftermath of last month’s U.S. air strikes that damaged the Islamic State’s (ISIS) captured oil field operations in Syria and Iraq, news outlets have reported that the attacks disrupted the group’s ability to make …

Cash-Strapped School District Turns to Natural Gas Drilling for Funding

Cash-Strapped School District Turns to Natural Gas Drilling for Funding

District will receive $500,000 up-front payment if gas is found beneath the school property, then 17% royalties

Pittsburgh’s East Allegheny School District gave the thumbs up to natural gas drilling on middle school property to raise much needed funds for …

Increased Shale Gas Production Will Supply Bulk of U.S. LNG Export Demand, EIA Concludes

Increased Shale Gas Production Will Supply Bulk of U.S. LNG Export Demand, EIA Concludes

Increased natural gas production is projected to satisfy 60% to 80% of a potential increase in demand for added liquefied natural gas (LNG) exports from the Lower 48 states, according to recently released EIA report.

The report, Effect of Increased

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

Oil Prices? Bearish for Now, but the Bulls are Coming

MS Executive Director Jeremy Friesen Sees Prices Unsustainably Low, As Both Demand And Supply Will Move At These Levels

At the November meeting of the Energy Finance Discussion Group in Denver on Nov. 11, Jeremy Friesen, Commodity Strategist for Morgan …

November 11, 2014 - 6:17 pm Commodity Pricing, Oil and Gas 360 Articles, OPEC
Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Scotland’s Frac Rules: Tiptoe Through the Tulips

If you happen to be an oil and gas operator ready to frac your well in Scotland, you could get an official notice from the UK Department of Energy and Climate Change that would make you scratch your head.

tiny-timSeismic …

November 11, 2014 - 4:26 pm Fracing, International, Oil and Gas 360 Articles, Regulatory
Environmental Groups in Utah File Against Approved Natural Gas Pipeline

Environmental Groups in Utah File Against Approved Natural Gas Pipeline

Groups say Bureau of Land Management was wrong to approve project

The Southern Utah Wilderness Alliance and the Sierra Club have filed an appeal challenging a Bureau of Land Management (BLM) decision in Utah, last Friday. The two groups say …

Oil & Gas 360® Looks at Canada’s E&Ps – Part One

Oil & Gas 360® Looks at Canada’s E&Ps – Part One

Canada is home to a large number of public companies that are developing hydrocarbon resources on both sides of the border. In this series, Oil & Gas 360® takes a closer look at some of the promising operators in Canada’s …

Door Opens for Energy Boom in Southern Illinois

Illinois Prepares to Join the Energy Boom

After a Year of Haggling, Lawmakers Greenlight New Drilling Rules

On Nov. 6, lawmakers in Illinois signed off on rules to regulate high-volume oil and gas drilling and completions, paving the way for what local industry hopes will result in …

In the past as much as 80% of natural gas for Europe passed through Ukraine.

$1.6 Billion Gas Deal Warms Europe, Ukraine

Moscow insists on payment up front

Late last week, the EU, Russia and Ukraine struck a long awaited deal to supply Russian gas to Ukraine and Europe this winter.

russian gas exports to Europe via ukraine“EU officials said both Russia and Ukraine had bargained hard for …

November 3, 2014 - 4:33 pm Finance, International, Midstream, Oil and Gas 360 Articles
EIA Reports Record High Crude Oil Exports

EIA Reports Record High Crude Oil Exports

Re-exporting Canadian Oil through U.S.

US Crude oil exports twip141022fig1-lgAccording to an Energy Information Administration (EIA) report released October 31, crude oil exports reached their highest levels in 57 years in July.  The EIA reported that the United States exported 401,000 BOPD in July, …

November 3, 2014 - 2:00 pm Canada, Midstream, Oil and Gas 360 Articles, Oil Sands
Jim Prentice, Alberta Premier

Canada’s Oil Sands Crude will Reach Gulf Coast Without Keystone XL: Jim Prentice

By Bloomberg Nov. 3, 2014

Oil-sands crude will supply Gulf Coast refineries regardless of how President Barack Obama rules on the Keystone XL pipeline, Alberta Premier Jim Prentice said.

Developers of Alberta’s oil sands can use trains to reach the …

Oil & Gas 360 Graph of the Week: Colorado Senatorial Campaign Contributions

OAG360® Graph of the Week: Which Business Sectors Wrote Checks to Colorado’s Senate Candidates?

In Colorado, incumbent Democrat Senator Mark Udall and his Republican challenger, Congressman Cory Gardner, are running a close race for U.S. senator.  Oil & Gas 360® created a graph showing how the two candidates’ campaign contributions compared by business sector.…

Alberta pushes for rule change to spur Chinese investment, gain access to global markets

Alberta pushes for rule change to spur Chinese investment, gain access to global markets

Alberta’s new political leadership is calling on Ottawa to take another look at foreign investment rules blamed for a dramatic drop in energy investments from China.When the
Colorado considers fracking’s future

Colorado considers fracking’s future

Longmont city limit sign
Longmont’s citizens voted in favour of a fracking ban, 60% to 40%, in 2012
After five towns in Colorado voted to ban fracking in 2012, it seemed the tide
October 31, 2014 - 9:46 am Energy News, Fracing, Politics & Opinions, Regulatory
ONEOK Partners Announces Completion of More Than $500 Million in Capital-Growth Projects

ONEOK Partners Announces Completion of More Than $500 Million in Capital-Growth Projects

PR Newswire

Completed Projects Include Garden Creek III Natural Gas Processing Facility, Expansion of the Bakken NGL Pipeline and Niobrara NGL Lateral Pipeline

TULSA, Okla., Oct. 30, 2014 /PRNewswire/ — ONEOK Partners, L.P. (NYSE: OKS)

October 30, 2014 - 7:33 pm Energy News, Midstream, MLPs
Two More U.S. LNG Export Projects Move Forward

Two More U.S. LNG Export Projects Move Forward

Cove Point Begins Construction, Freeport Secures Financing

Japanese/Asian Customers Lock Up Capacity of Both Projects

With three years of governmental review and permitting out of the way, Dominion (ticker: D) announced today it has begun construction activities on its Cove …

October 30, 2014 - 6:43 pm Finance, International, Oil and Gas 360 Articles