Articles by: Oil & Gas 360

Shale Boom Benefits Keep Piling Up

Shale Boom Benefits Keep Piling Up

The benefits of the shale boom are apparent. In the six year span from 2008 to 2013, crude oil production in the United States jumped by 43.7% (12,311 MBOEPD in 2013 compared to 8,563 MBOEPD) and gas production climbed 20% …

September 17, 2014 - 7:09 pm Fracing, Midstream, Oil and Gas 360 Articles
Proposed Projects Would Move Colorado Oil to Oklahoma, California

Proposed Projects Would Move Colorado Oil to Oklahoma, California

Cushing, Oklahoma’s giant crude oil storage hub will be linked to Colorado’s Niobrara/Codell shale oil production upon construction and completion of a new 550-mile pipeline between Weld County Colorado’s Wattenberg field and NGL Energy Partners’ (ticker: NGL) Cushing terminal.

When …

September 16, 2014 - 6:49 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Bill Barrett Corp. Simplifies Rocky Mountain Portfolio in $757 Million Deal

Bill Barrett Corp. Simplifies Rocky Mountain Portfolio in $757 Million Deal

Company will Operate in Only 2 Basins: DJ and Uinta; Deal Eliminates 57% of BBG’s Net Debt

Bill Barrett Corporation (ticker: BBG), an exploration and production company focused on the Rocky Mountain region, has shifted its asset position in a …

September 16, 2014 - 6:22 pm Finance, Oil and Gas 360 Articles, Oilfield Services
2014 Synergy COO Craig Rasmuson

2014 Synergy COO Craig Rasmuson

Craig Rasmuson, Chief Operating Officer of Synergy Resources (NYSE MKT: SYRG), discusses industry initiatives in Colorado and the company’s operational growth in the DJ-Niobrara.

September 16, 2014 - 10:38 am C-Level Interviews, Videos
Brookings Study Finds Multiple Benefits from Immediately Lifting U.S. Crude Export Ban

Brookings Study Finds Multiple Benefits from Immediately Lifting U.S. Crude Export Ban

The Brookings Institute released a study last week comparing the effects of immediate lifting of the U.S. crude oil export ban vs. delaying till 2020.

The study data showed a positive uptick for the GDP in all cases, a 0.14 …

September 15, 2014 - 6:56 pm Oil and Gas 360 Articles, Oilfield Services, OPEC
E&Ps Finding the Powder River Basin is an Oil Play

E&Ps Finding the Powder River Basin is an Oil Play

The Powder River Basin (PRB), an area in Wyoming traditionally exploited for its coal resources and coalbed methane gas opportunities, has more than doubled its oil output since 2009. The Energy Information Administration’s (EIA) Today in Energy segment for September …

September 15, 2014 - 5:03 pm Fracing, Oil and Gas 360 Articles, Oilfield Services
A rig site in North Dakota

Another Record for North Dakota: 1.1 Million Barrels of Crude per Day

Flaring decreases to 26%

The State of North Dakota has chalked up another record. July production numbers are in—the state produced 1,110,642 barrels of oil per day in July. The numbers broke down as follows:

  • Bakken/Three Forks Shale:  1,047,034 BOPD
September 12, 2014 - 6:33 pm Fracing, Oil and Gas 360 Articles, Oilfield Services, Regulatory
U.S. Energy: EU’s Alternative to Russia?

U.S. Energy: EU’s Alternative to Russia?

The European Union (EU) and United States levied more sanctions on Russia today in an effort to hamper the country’s already struggling economy. The latest sanctions primarily target Russia’s oil industry and military equipment. Supermajors participating in projects with Russia’s …

Oil Prices Unaffected despite Additional Russia Sanctions and Obama’s Pledge to Ramp up Action in Middle East

Oil Prices Unaffected despite Additional Russia Sanctions and Obama’s Pledge to Ramp up Action in Middle East

President Obama addressed the nation on Wednesday night, urging Congress to increase funding, assistance and conduct “a series of strategic airstrikes” against the Islamic State, or ISIL, the group marching across Iraq that recently beheaded two American journalists on …

Government Agencies Backing Up Claim to Grant Speedy LNG Export Approvals

Government Agencies Backing Up Claim to Grant Speedy LNG Export Approvals

In May 2014, the United States government announced intentions to accelerate the review process for LNG exports. The decision came when tensions were rising among Russia and the rest of Europe regarding its involvement in Ukraine. Europe threatened sanctions and …

1.3 Million New U.S. Oil & Gas Jobs by 2030:  API

1.3 Million New U.S. Oil & Gas Jobs by 2030:  API

The Energy and Commerce Committee of the U.S. House of Representatives put out press releases Wednesday promoting the jobs aspect of the energy revolution. In his news release, Chairman Fred Upton referred to the American Petroleum Institute’s new reportthat …

September 11, 2014 - 6:08 pm Oil and Gas 360 Articles, Oilfield Services
Mexico Oil Privatization will Result in “Profound Changes”

Mexico Oil Privatization will Result in “Profound Changes”

For the first time since 1938, Mexico’s oil frontier is open for business.

Mexico’s newly privatized oil industry was officially signed into law on August 11, 2014, ending Petróleos Mexicanos’ (Pemex) 76 year nationalization reign on the country’s hydrocarbon resources. …

Alaska, Russia Race toward LNG Exports

Alaska, Russia Race toward LNG Exports

Alaska Gasline Development Corporation (AGDC) and affiliates of ExxonMobil (ticker: XOM), TransCanada (ticker: TRP), BP (ticker: BP) and ConocoPhillips (ticker: COP) filed a FERC pre-filing request, effectively launching the early design phases of their Alaska LNG Project, an estimated $65 …

September 10, 2014 - 4:16 pm Arctic, Midstream, Oil and Gas 360 Articles, Oilfield Services
New Executive Interviews from EnerCom’s The Oil & Gas Conference® 19

New Executive Interviews from EnerCom’s The Oil & Gas Conference® 19

Industry Leaders Discuss Global Operations, Company Growth, M&A, and Emerging Trends in these
Exclusive One-on-One Video Interviews with Oil & Gas 360® 

EnerCom, Inc. today posted an executive video interview series on Oil & Gas 360®, the company’s one-stop …

September 10, 2014 - 8:12 am Canada, Offshore, Oil and Gas 360 Articles, Oilfield Services

How Colorado’s U.S. Senate Candidates Compare on Energy

Udall is fighting for a 25% national RES, a carbon tax, wind tax credits, LNG exports and more nuclear.

Gardner wants easier permitting to drill on federal lands and Alaska’s outer shelf, wind tax credits, LNG exports and more nuclear.

September 9, 2014 - 6:03 pm Fracing, Oil and Gas 360 Articles, Oilfield Services
Royal Dutch Shell Touts Utica Discovery Near New York

Royal Dutch Shell Touts Utica Discovery Near New York

The Utica is growing.

Royal Dutch Shell (ticker: RDS.B) successfully drilled two Utica wells 100 miles northeast of the nearest producer in the play, the company announced in a press release on September 3, 2014. The wells, located in Tioga …

Governor Hickenlooper Announces Members of Colorado’s 2014 Oil and Gas Task Force

Governor Hickenlooper Announces Members of Colorado’s 2014 Oil and Gas Task Force

Yesterday, Governor John Hickenlooper announced the members of a statewide task force that will craft recommendations to help minimize land use conflicts that can occur when siting oil and gas facilities near homes, schools, businesses and recreational areas.

“The governor …

September 9, 2014 - 5:47 pm Oil and Gas 360 Articles, Oilfield Services, Regulatory

U.S. Crude Hit Lowest Level since January on Monday

On Monday, U.S. crude oil, reacting to a less worrisome geopolitical climate in Iraq and Ukraine, fell to its lowest level since January at $92.66 for October delivery.

Monday’s “biggest decliners in the S&P 500 were oil drilling and exploration …

September 9, 2014 - 5:23 pm International, Oil and Gas 360 Articles, Oilfield Services
CAMAC Energy Update: Additional Financing Secured, More Positive Analyst Reviews

CAMAC Energy Update: Additional Financing Secured, More Positive Analyst Reviews

CAMAC Energy Inc. (ticker: CAK) is a Houston-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The company is completing two separate wells in the Oyo Field and expects to …

Perspectives on Valuation — Why Callon Petroleum’s $212.6 Million Permian Basin Acquisition Delivers

Perspectives on Valuation — Why Callon Petroleum’s $212.6 Million Permian Basin Acquisition Delivers

On September 2, 2014 we reported on the acquisition of 6,230 gross acres (3,862 net) in the Midland Basin area of the Permian Basin by Callon Petroleum Company (ticker: CPE). The properties were purchased for $212.6 million in cash and …

GE, Accenture Roll Out New Pipeline Technology

Avoiding Downtime During Winter Freeze is the Goal

Access to infrastructure is a vital asset for oil and gas producers. Despite infrastructure investments as high as $40 billion per year, production from E&Ps continue to outpace the takeaway capacity in …

September 8, 2014 - 5:18 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Utica Gas Output Up to 1.5 Bcf/day from 115 MMcf/day in 2012

Utica Gas Output Up to 1.5 Bcf/day from 115 MMcf/day in 2012

The EIA came out with its Drilling Productivity Report today, calling the Utica Region in eastern Ohio one of the fastest growing natural gas production areas in the United States.

“Total natural gas production in the Utica Region, which includes …

September 8, 2014 - 4:58 pm Oil and Gas 360 Articles, Oilfield Services
MLPs:  Moving Energy from Wellhead to End User

MLPs:  Moving Energy from Wellhead to End User

Midstream infrastructure has emerged as a hot topic in the oil and gas space. A common theme heard at E&P investor conferences and recent earnings calls is new supply is being produced from the shale basins at a faster rate …

Duke Energy, Piedmont Natural Gas, Dominion, AGL Resources Propose to Move Marcellus/Utica Shale Gas via $5 Billion Atlantic Coast Pipeline

Duke Energy, Piedmont Natural Gas, Dominion, AGL Resources Propose to Move Marcellus/Utica Shale Gas via $5 Billion Atlantic Coast Pipeline

Duke Energy (ticker: DUK), Piedmont Natural Gas (ticker: PNY) and AGL Resources (ticker: GAS) have selected Dominion (ticker: D) to build and operate a 550-mile interstate natural gas pipeline from West Virginia, through Virginia and into eastern North Carolina to …

September 4, 2014 - 6:43 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
Natural Gas Revisited: What will Storage Builds do for Spot Prices?

Natural Gas Revisited: What will Storage Builds do for Spot Prices?

The Energy Information Administration reported a build of 79 Bcf for the week ended August 29, 2014, in its latest Weekly Storage Report. The new inventory total of 2,709 Bcf is 471 Bcf less than 2013 and 495 Bcf …

September 4, 2014 - 5:08 pm Finance, Oil and Gas 360 Articles, Oilfield Services
Oryx Petroleum Resumes Operations in Iraq

Oryx Petroleum Resumes Operations in Iraq

After security concerns in the region prompted a mid-August suspension of operations on its Hawler license in the Kurdistan Region of Iraq, Oryx Petroleum Corporation (ticker: OXC) announced that it has now resumed crude oil production and sales into the …

September 4, 2014 - 3:44 pm Fracing, Oil and Gas 360 Articles, Oilfield Services
Enhanced Oil Recovery may have A Secret Weapon

Enhanced Oil Recovery may have A Secret Weapon

You don’t need to consult an engineer to know each and every shale play is different.

Generating the highest possible recovery is a constant chess game run by E&Ps around the globe, and every play has something else to offer. …

September 3, 2014 - 6:38 pm Fracing, Oil and Gas 360 Articles, Oilfield Services
Europe Looks at Emergency Energy Plans if Russian Gas is Shut Off

Europe Looks at Emergency Energy Plans if Russian Gas is Shut Off

Yesterday Reuters reported that an emergency energy plan was being constructed for Europe, should gas stop flowing through the pipelines that connect European homes with Russia’s natural gas.

“Kiev is warning that Russia plans to halt gas supplies while Moscow …

2014 Black Ridge Oil & Gas CEO Ken DeCubellis

2014 Black Ridge Oil & Gas CEO Ken DeCubellis

Black Ridge Oil & Gas (OTCBB: ANFC) CEO Ken DeCubellis discusses the company’s record quarter results and its Bakken/Three Forks production and development through its non-operator model.

September 3, 2014 - 11:26 am C-Level Interviews, Videos
2014 Citadel Exploration CFO Phil McPherson

2014 Citadel Exploration CFO Phil McPherson

Citadel Exploration (OTCQB: COIL) CFO Phil McPherson discusses his company’s California pure play strategy, economics of its thermal recovery projects, operations in the San Juaquin Basin and its Project Indian in the Salinas Basin.

September 3, 2014 - 11:25 am C-Level Interviews, Videos