Articles by: Oil & Gas 360

EnLink Midstream Names New Senior Vice President – Finance and Corporate Development

The EnLink Midstream companies, EnLink Midstream Partners, LP (ENLK) (the Partnership) and EnLink Midstream, LLC (ENLC) (the General Partner) (together “EnLink”), today named Benjamin D. Lamb to the position of Senior Vice President – Finance and …

November 18, 2014 - 6:57 pm Energy News

Senate narrowly fails to pass Keystone XL pipeline bill

Story by Reuters

The U.S. Senate on Tuesday narrowly failed to pass a bill that would have approved construction of the controversial Keystone XL pipeline, rejecting a measure the House of Representatives approved last week.

The vote count was 59-41 …

November 18, 2014 - 6:39 pm Energy News

Ford CEO: We’re making a ‘Tesla’ for the masses

Story by Yahoo Finance

We’re still waiting on flying cars, but there is serious innovation in the auto world. Tesla’s electric cars and Google’s self-driving cars are changing the way we think about driving, but so far these technologies have …

November 18, 2014 - 6:16 pm Energy News

Fed’s Two Jobs Collide as Drop in Unemployment Vies With Inflation

Story by Bloomberg

Just when Federal Reserve Chair Janet Yellen and her colleagues will be approaching a decision to raise interest rates, their two mandates will probably be pulling them in different directions.

By June 2015, the jobless rate will …

November 18, 2014 - 6:13 pm Energy News
Energy Transfer Partners Increasing Permian Presence with 533 Mile Pipeline

Energy Transfer Partners Increasing Permian Presence with 533 Mile Pipeline

Infrastructure in the Permian is about to receive a boost from Lone Star NGL, a joint venture between Energy Transfer Partners (ticker: ETP) and Regency Energy Partners (ticker: RGP).

The two companies have approved the construction of the Lone Star …

November 18, 2014 - 6:10 pm Midstream, Oil and Gas 360 Articles
Halliburton, Baker Hughes to Merge in $34.6 Billion Deal

Halliburton, Baker Hughes to Merge in $34.6 Billion Deal

Includes $3.5 Billion Payout to Baker Hughes if Merger Fails to Gain Antitrust Approval

The rumblings of a landmark oilservices deal that began on Thursday evening came to fruition over the weekend. By Monday, November 17, 2014, Halliburton (ticker: HAL), …

Memorial Production Partners LP Announces Appointment of Chris Cooper as Senior Vice President and Chief Operating Officer

Memorial Production Partners LP (MEMP) announced today that Christopher S. (Chris) Cooper has been appointed as Senior Vice President and Chief Operating Officer of the general partner of MEMP. Mr. Cooper is assuming the role formerly held by …

November 17, 2014 - 5:58 pm Energy News, Energy RSS

Saratoga Resources, Inc. Reports Third Quarter 2014 Financial Results

Saratoga Resources, Inc. (NYSE MKT:SARA; the “Company” or “Saratoga”) today announced financial and operating results for the quarter ended September 30, 2014.

Key Financial Results

  • Oil and gas revenues of $15.9 million for Q3 2014 compared to $15.1 million for
November 17, 2014 - 5:42 pm 360 Company Releases, Earnings, Energy News, Energy RSS
Two of Top Three OilService Companies Speak of Merger

Two of Top Three OilService Companies Speak of Merger

Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) have begun preliminary talks of a merger, Dow Jones reported on November 13, 2014. BHI confirmed the report later in the evening but did not make any guarantees as to the completion …

Denbury Exercises Capital Restraint in 2015 Planning Amid Declining Oil Prices and Announces Management Changes

Denbury Resources Inc. (DNR) (“Denbury” or the “Company”) today announced that senior management will discuss key elements of the Company’s plans for 2015 at its annual analyst day on Tuesday, November 18. Among others, topics will include the …

November 14, 2014 - 6:03 pm Energy News

Cheniere Energy Raises $2.5bil for Corpus Christi Project in Two Separate Deals

Source: Cheniere Energy Press Releases

Nov. 11… Cheniere Energy, Inc. (“Cheniere”) (NYSE MKT: LNG) announced today that it has entered into a Subscription Agreement with RRJ Capital II, Ltd. (“RRJ”) under which investment funds managed by RRJ will purchase, in …

November 13, 2014 - 6:47 pm Energy News

Natural gas exports bill gets feds’ attention

Story by Fuel Fix

A Republican senator working to accelerate natural gas exports on Thursday took a timeout to work with the Obama administration on the issue.

The Senate Energy and Natural Resources Committee had planned to vote on North …

November 13, 2014 - 6:35 pm Energy News

Report: Halliburton in talks to buy Baker Hughes

Story by the Associated Press

Halliburton Co. is in talks to buy rival oilfield-services provider Baker Hughes Inc., according to a published report.

The Wall Street Journal, citing unidentified people, said on its website Thursday that talks were moving quickly …

November 13, 2014 - 6:29 pm Energy News

Breitling Energy Corporation Reports Third Quarter 2014 Financial and Operating Results

Breitling Energy Corporation (BECC) (“Breitling” or the “Company”) announced today its results for the third quarter ended September 30, 2014.

Third quarter 2014 highlights include:

  • Total revenue from all sources increased by more than 55% over 2013
  • Sales
November 13, 2014 - 6:24 pm Energy News
Brent Price Slips Below $80 Two Weeks before OPEC Meeting, EIA Cuts Forecasts by 18%

Brent Price Slips Below $80 Two Weeks before OPEC Meeting, EIA Cuts Forecasts by 18%

On November 27, the nation’s attention will descend on the heart of Texas for another classic NFL Thanksgiving matchup between the Dallas Cowboys and Philadelphia Eagles. Cheap seats on StubHub are currently selling for $150 and up.

Also on Thanksgiving …

November 13, 2014 - 6:05 pm Commodity Pricing, Finance, Oil and Gas 360 Articles, OPEC

Evolution Petroleum Declares $0.10 Dividend per Share of Common Stock and Summarizes Impact of Delhi Field Reversionary Interest

Evolution Petroleum Corporation (NYSE MKT: EPM) today declared a quarterly dividend of $0.10 per share of common stock and further elaborated on the impact of the Company earning its reversionary interest in the Delhi Field.

Dividend

A cash dividend of …

November 13, 2014 - 3:07 pm Energy News
Enterprise Products Partners Takes Final Step in $6 Billion Merger with Oiltanking Partners

Enterprise Products Partners Takes Final Step in $6 Billion Merger with Oiltanking Partners

Enterprise Products Partners (ticker: EPD), the largest Limited Partnership listed on EnerCom’s MLP Scorecard, has announced Phase Two of the acquisition of Oiltanking Partners (ticker: OILT) in a unit-for-unit merger agreement. Per the agreement, OILT shareholders will receive a …

November 12, 2014 - 6:49 pm Finance, Mergers & Acquisitions, MLPs, Oil and Gas 360 Articles
VAALCO Energy: First Production from New Offshore Pads Expected by Year-End 2014

VAALCO Energy: First Production from New Offshore Pads Expected by Year-End 2014

VAALCO Energy, Inc. (ticker: EGY) reported net income of $3.1 million ($0.05 per diluted share) in its Q3’14 earnings release, but the company is already anticipating results for the fourth quarter. The independent energy company based in Houston, Texas, is …

Clayton Williams Energy Announces Strategic Farmout Agreement Covering the Western Portion of Its Reeves County Wolfcamp Position

Clayton Williams Energy, Inc. (NYSE: CWEI)today announced that it had entered into a farmout and exploration agreement with Caza Oil and Gas, Inc. (“Caza”) (CAZ.TO) (CAZA.L) covering a portion of the Company’s 71,000 net acre …

November 12, 2014 - 6:14 pm Energy News

ZaZa Energy Reports 2014 Third Quarter and Nine Month Financial and Operational Results

ZaZa Energy Corporation (the “Company” or “ZaZa”) (ZAZA) today announced results for its third quarter and for the nine months ended September 30, 2014.

Financial Highlights for Third Quarter 2014

  • Total production of 54.8 MBOE, a year-over-year increase
November 12, 2014 - 6:06 pm Energy News

Acorn Energy Announces Third Quarter and Nine Month 2014 Results

Acorn Energy, Inc. (ACFN), today announced the results for the third quarter and nine-month periods ended September 30, 2014.

For the third quarter ended September 30, 2014, revenues were $5.6 million compared to $5.0 million in the third …

November 12, 2014 - 6:04 pm Energy News

Saudi minister: It’s all a ‘misunderstanding,’ no ‘price war’ talk

Story by CNBC

Saudi Arabia’s oil minister publicly knocked talk of an OPEC “price war” but did little in the way of clarifying what the cartel will do about falling prices.

Ali al-Naimi, speaking in Mexico, said Saudi oil policy

November 12, 2014 - 5:50 pm Energy News

Basic Energy Services Reports Selected Operating Data For October 2014

Basic Energy Services, Inc. (BAS) (“Basic”) today reported selected operating data for the month of October 2014.  Basic’s well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 77,800 producing a rig …

November 11, 2014 - 12:27 pm Earnings, Energy News

American Midstream Reports Third Quarter 2014 Financial Results

American Midstream Partners, LP (AMID) (“Partnership”) today reported financial results for the three and nine months ended September 30, 2014.

Gross margin (a non-GAAP financial measure) for the third quarter of 2014 was $21.3 million, an increase of …

November 11, 2014 - 12:22 pm Earnings, Energy News

Contango Announces Third Quarter 2014 Financial Results and Provides Operations Update

Contango Oil & Gas Company (NYSE MKT: MCF) (“Contango”) announced today its financial results for the three months ended September 30, 2014 and provided an operational update.

Third Quarter 2014 Highlights

  • Production of 9.4 Bcfe for the quarter
  • Net income
November 11, 2014 - 12:20 pm Earnings, Energy News

Bonanza Creek Energy, Inc. Appoints Richard J. Carty to President and Chief Executive Officer, James A. Watt to Chairman and Jeff E. Wojahn to the Board of Directors

The Board of Directors of Bonanza Creek Energy, Inc. (BCEI) today announced that it has concluded its extensive nationwide search and named Richard J. Carty as President and Chief Executive Officer of the Company, effective immediately. Mr. Carty …

November 11, 2014 - 12:18 pm Energy News

VAALCO Energy Announces Third Quarter 2014 Results

VAALCO Energy, Inc. (EGY) today reported net income of $3.1 million or $0.05 per diluted share for the third quarter of 2014 compared to net income of $2.4 million or $0.04 per diluted share for the comparable period …

November 10, 2014 - 7:12 pm Energy News
Chart of the Week: Eagle Ford Leading the Charge in Oil Production

Chart of the Week: Eagle Ford Leading the Charge in Oil Production

The Energy Information Administration (EIA) released its monthly Drilling Productivity Report today, complete with production projections through year-end 2014.

In review, the rig count of the four major oil basins (Bakken, Eagle Ford, Niobrara and Permian) increased by 113 from …

CAMAC Energy Announces Third Quarter 2014 Results

CAMAC Energy Inc. (“CAMAC Energy” or the “Company”) (NYSE MKT: CAK) announced today financial and operational results for the three months ended September 30, 2014. The Company plans to file its Form 10-Q for the third quarter 2014 with the …

November 10, 2014 - 1:02 pm 360 Company Releases, Earnings, Energy News
Sanchez Energy Revises 2015 Drilling Plans in Latest Record Quarter

Sanchez Energy Revises 2015 Drilling Plans in Latest Record Quarter

Production volumes continue to rise for Sanchez Energy Corporation (ticker: SN), an Eagle Ford-focused E&P nearing the third anniversary of its 2011 initial public offering. The landmark acquisition of its Catarina asset in May 2014 doubled its asset base and …