Articles by: Oil & Gas 360

Rice Midstream Partners Braves Difficult Commodity Market with IPO

Rice Midstream Partners Braves Difficult Commodity Market with IPO

Rice Energy (ticker: RICE), an independent E&P focused purely in the Appalachia, commenced an initial public offering (IPO) for its midstream unit on December 17, 2014. Rice Midstream Partners LP will trade on the New York Stock Exchange under the …

December 17, 2014 - 6:26 pm Midstream, MLPs, Oil and Gas 360 Articles

Enterprise Products Announces Key Additions to Legal Management Team; Craig W. Murray Named General Counsel

Enterprise Products Partners L.P. (NYSE:EPD) today announced that the board of directors of its general partner has elected Craig W. Murray as Group Senior Vice President and General Counsel, Harry Paul “Hap” Weitzel as Senior Vice President and Deputy General …

December 17, 2014 - 6:13 pm Energy News
Repsol Splashes into M&A Market with $13 Billion Acquisition of Talisman Energy

Repsol Splashes into M&A Market with $13 Billion Acquisition of Talisman Energy

Looming mergers and acquisitions is a popular debate in the sub-$60 oil market, and Spain’s Repsol (ticker: REPYY) made the first splash with the US$13.0 billion acquisition of Talisman Energy (ticker: TLM) on December 16, 2014. The deal includes $8.3 …

Chesapeake Energy Corporation Announces Closing of $4.0 Billion Senior Unsecured Revolving Credit Facility

Chesapeake Energy Corporation (CHK) announced today that it closed on a new five-year, $4.0 billion senior unsecured revolving credit facility. The new facility replaces the existing $4.0 billion senior secured revolving credit facility that was scheduled to mature …

December 16, 2014 - 6:17 pm Energy News

Samson Oil & Gas Operational Advisory

Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN):

TOTAL COMPANY PRODUCTION

Samson net production for 2014 is as follows:

Q1 Q2 Q3 October November
OIL, BO 29,408 50,553 35,576 6,016 17,619
GAS, MCF 48,518 50,928 46,710 12,086 9,363
December 16, 2014 - 6:10 pm Energy News

Abraxas Announces Conference Call; Provides Operations and Guidance Update

Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (AXAS) today provided the following operations and guidance update.

Conference Call

Abraxas will host a conference call on Tuesday, December 16, 2014 at 10 AM Central Time (11 AM Eastern Time) …

December 15, 2014 - 5:28 pm Energy News

U.S. Energy Corp. Announces Appointment of President and Chief Operating Officer

U.S. Energy Corp. (Nasdaq:USEG) (the “Company”), today announced the appointment of Mr.David Veltri as President and Chief Operating Officer (“COO”) of the Company, effective January 1, 2015. In addition, the Company announced the approval by its Board of Directors of …

December 15, 2014 - 5:16 pm Energy News
VAALCO Energy Updates Operations Offshore Africa

VAALCO Energy Updates Operations Offshore Africa

VAALCO Energy, Inc. is a Houston based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil.  VAALCO places high emphasis on international opportunities and holds acreage in Gabon, Angola and Equatorial Guinea in West …

The Relentless Production of Shale Oil Is Breaking OPEC’s Neck

Story by Bloomberg

The world’s biggest oil companies faced ruin in the summer of 1931. Crude prices had plummeted. Wildcatters were selling oil from the bonanza East Texas field for a nickel a barrel, cheaper than a bowl of chili. …

December 12, 2014 - 6:24 pm Energy News

VAALCO Energy Schedules Conference Call to Discuss Etame 8H Results and Development Plans for the Etame and SEENT Platforms

VAALCO Energy, Inc. (NYSE: EGY) today announced that it will hold a conference call on Friday, December 12, 2014, at 10.00 a.m. Central Time (11.00 a.m. Eastern Time) to discuss the results of the recently completed Etame …

December 11, 2014 - 6:55 pm Energy News

Emerald Oil Announces Senior Management Change; Updates 2015 Guidance and CAPEX Plans

Emerald Oil, Inc. (NYSE MKT: EOX) (“Emerald” or the “Company”) today announced a change in senior management and updated production and CAPEX guidance for 2015.

Senior Management Change
The Board of Directors has appointed Mike Dickinson to the position …

December 11, 2014 - 6:53 pm Energy News
Natural Gas Roundup for the Week Ended December 5, 2014

Natural Gas Roundup for the Week Ended December 5, 2014

NATURAL GAS INVENTORY (Week Ended 12/05/14)
roundup2
Current: 3,359 Bcf

Actual Injection/(Withdrawal): (51) Bcf

Economist Average Estimate: (44) Bcf

Previous: 3,410 Bcf

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


**All …

December 11, 2014 - 5:42 pm Oil and Gas 360 Articles
Sanchez Energy Updates Catarina Operations, Balance Sheet

Sanchez Energy Updates Catarina Operations, Balance Sheet

Sanchez Energy Corporation’s (ticker: SN) development of its Catarina assets in the Eagle Ford (EF) are exceeding company expectations, SN management said in a news release on December 10, 2014. The Catarina, acquired from Royal Dutch Shell (ticker: RDS.B) in …

Crude Oil Cuttings for the Week Ended December 5, 2014

Crude Oil Cuttings for the Week Ended December 5, 2014

CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/05/14)

crude_oil_cuttingsCurrent: 380,789

Actual Build/(Withdrawal): 1,454

Economist Average Estimate: (2,625)

Previous: 379,335

Click here for the chart with five year averages.

Click here for an archive of EnerCom’s Inventory Reports


 

KLR Group (12.10.14)
December 10, 2014 - 6:15 pm Commodity Pricing

Jones Energy, Inc. Acquires 5,120 Contiguous Net Acres in the Texas Panhandle with Option to Acquire 63,000 Additional Net Acres

Jones Energy, Inc. (JONE) announced today that it recently acquired a contiguous block of 5,120 net acres in Hutchinson County, Texas, prospective for its primary drilling target, the Cleveland sandstone. The lease was acquired on favorable commercial terms …

December 10, 2014 - 3:57 pm Energy News

Harper calls climate regulations on oil and gas sector ‘crazy economic policy’

Source: Business News Network

Prime Minister Stephen Harper has retreated further from his pledge to regulate carbon emissions in the oil industry, saying it would be “crazy” to do so at a time of fallen crude prices.

In the House

December 10, 2014 - 3:54 pm Energy News
Lonestar Resources Seeks to Expand Eagle Ford Position in New Commodity Environment

Lonestar Resources Seeks to Expand Eagle Ford Position in New Commodity Environment

Lonestar Resources (OTCQX: LNREF, ASX: LNR) is an oil and gas company in Fort Worth, Texas, focused on acquiring and exploiting the Eagle Ford Shale. The company has doubled its acreage on a compounded year-over-year basis since 2012 and is …

BG Sells Natural-Gas Pipeline for $5 Billion

Source: The Wall Street Journal

BG Group PLC on Tuesday said it would sell a gas pipeline in Australia for $5 billion, the largest deal in the British oil and gas company’s history.

BG said it had agreed to sell …

December 9, 2014 - 7:02 pm Energy News

Talisman Responds To Media Reports

Talisman Energy Inc. (TLM.TO) (TLM) is issuing this press release at the request of Market Surveillance at IIROC on behalf of the Toronto Stock Exchange. Talisman acknowledges that it has been approached by a number of …

December 9, 2014 - 7:01 pm Energy News

Basic Energy Services Reports Selected Operating Data For November 2014

Basic Energy Services, Inc. (BAS) (“Basic”) today reported selected operating data for the month of November 2014.  Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 62,300 producing a rig …

December 9, 2014 - 6:59 pm Energy News

Halcon Commissions First Compressed Natural Gas Facility

Halcon Resources Corporation (HK) (“Halcon” or the “Company”) today announced that it has commissioned its first compressed natural gas (“CNG”) facility through its subsidiary, Hawk Clean Fuels.

This CNG facility is serving the Company’s operations in its El …

December 9, 2014 - 6:57 pm Energy News

Breitling Energy Well Positioned to Withstand Current Commodities Downturn

Source: Breitling Energy

Breitling Energy Corporation (BECC) (the “Company”) announces that amidst falling oil prices comes increased speculation among analysts and pundits regarding various exploration and production companies’ sustainability if prices remain at this level or lower levels …

December 9, 2014 - 6:47 pm Energy News

EOG Resources Divests Majority of Canadian Assets

EOG Resources, Inc. (EOG) (EOG) today announced the divestiture of all its assets in Manitoba and certain assets in Alberta in two separate transactions that closed on November 28 and December 1, 2014.

Approximate proceeds from the divestitures …

December 8, 2014 - 7:09 pm Energy News

PDC Energy Announces 2015 Capital Budget of $557 Million and Production Guidance of 13.8 to 14.5 Million Boe or Approximately 50% Year-Over-Year Growth While Maintaining Its Strong Financial Position

PDC Energy, Inc. (“PDC,” the “Company,” “we” or “us”) (PDCE) today announced its capital budget and production guidance for 2015.

2015 Capital Budget and Production Guidance

PDC’s capital budget for 2015 is approximately $557 million, a decrease of …

December 8, 2014 - 7:06 pm Energy News

Breitling Energy Announces Drilling of New Wilcox Shale Project

Breitling Energy Corporation (BECC) (the “Company”) announces participation in a unique new prospect the Company believes has upside economic viability.

“This is an opportunity we feel is a good fit for this environment,” said Chris Faulkner, the Company’s …

December 8, 2014 - 7:04 pm Energy News
A rig site in North Dakota

Oil Prices Reach Five Year Low; ConocoPhillips Dials back 2015 Expenditures by 20%

Oil prices slid sharply in Monday trading, dropping by more than 4% to close at a five-year low of $63.02. Brent prices fell in similar fashion, ending the day below the $66.00 mark.

Spot prices for WTI have dropped by …

December 8, 2014 - 6:56 pm Commodity Pricing, Exploration and Production (E&P), OPEC
Whiting Petroleum Completes $6 Billion All-Stock Acquisition of Kodiak Oil & Gas

Whiting Petroleum Completes $6 Billion All-Stock Acquisition of Kodiak Oil & Gas

Whiting Petroleum (ticker: WLL) is officially the largest producer of the Bakken/Three Forks shale play, following its $6.0 billion purchase of Kodiak Oil & Gas on December 8, 2014. The transaction was first announced on July 13, 2014, and involves …

Capital One Securities Initiates MLP Coverage, Discusses Trends in Exclusive Interview with OAG360

Capital One Securities Initiates MLP Coverage, Discusses Trends in Exclusive Interview with OAG360

Capital One Securities is extending its research coverage to the MLP/Energy – Midstream sector, the firm announced in a December 4, 2014 note. Coverage was initiated on ten companies in the MLP / Energy-Midstream sphere, with six receiving an “Outperform” …

December 5, 2014 - 7:05 pm Analytics, Commodity Pricing, MLPs, Oil and Gas 360 Articles

Report: Bakken prices fall to under $50 per barrel

Story by Petro Global News

Steep discounts and a global supply glut pushed shale crude prices in Bakken below $50 a barrel last month, a new report by Plains All American said.

Plains said crude sold at the wellhead in …

December 5, 2014 - 6:03 pm Energy News

Kinder Morgan considering exporting condensate -Genscape

Story by Reuters

Kinder Morgan Inc might export condensate as part of a resurrected plan to move Texas crude to Southern California via a converted natural gas pipeline, energy intelligence firm Genscape Inc reported in a blog post on Thursday.…

December 5, 2014 - 5:34 pm Energy News