Wednesday, August 20, 2025

Energy XXI Gulf Coast, Inc. Announces Private Offering of $1.25 Billion of Senior Secured Second Lien Notes Due 2020

Energy XXI Gulf Coast, Inc. (the “Company”), the operating subsidiary of Energy XXI Ltd (“Energy XXI”) (Nasdaq:EXXI), today announced that it has commenced a private offering to qualified institutional buyers of $1.25 billion principal amount of Senior Secured Second Lien Notes due 2020 (the “Notes”), subject to market and other conditions. The Company intends to use a portion of the

Guess what country’s energy sector is up 22%

Story by CNBC Most investors are probably steering clear of the global energy sector these days—nearly every country has seen their oil and gas sectors fall—but there has been one unlikely bright spot among all the bad news: Russia. Year-to-date, Russian energy sector returns have risen by about 22 percent. No other country comes close. Canada, another oil- and gas-heavy

Independent Refiners: Calumet Specialty Products Partners Reports Q4

Calumet Specialty Products Partners (ticker: CLMT) last week released its fourth quarter 2014 results. The independent refiner reported a net loss for the quarter ended December 31, 2014 of $63.5 million, or $(0.95) per diluted unit, compared to a net loss of $15.5 million, or $(0.27) per diluted unit, versus net income of $3.5 million, or $(0.17) per diluted unit, in

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017 - Oil & Gas 360

Capital Raises Accelerating as E&Ps Dig in for a Tumultuous 2015

The cycles of the oil and gas market are inevitable, and throughout its history the industry has consistently recovered from downturns even as severe as the one we are experiencing today. Although the market swings are hardly ever uniform, independent E&Ps are engaging in various methods to weather the current downturn. Industry experts like Tom Petrie, Chairman of Petrie Partners,

Saudi Aramco Cancels Offshore Contract in Cost-Cutting Move

The world’s largest oil producer canceled an offshore contract with Hercules Offshore Saudi Aramco, the world’s largest oil producer, cancelled a contract with Hercules Offshore (ticker: HERO) last week, according to HERO. The termination of the contract for Hercules Offshore’s Hercules 261 is effective March 27, 2015. Initially, the contract was set to expire in late 2019. Hercules 261 is

Russia May Be Testing U.S. Gas Nerve with Europe Push: Citi

Delfin LNG Expanding in the Gulf of Mexico

Joint Development Agreement with Hoegh LNG to build first deepwater floating liquefaction terminal offshore U.S. Houston based Delfin LNG LLC announced a Joint Development Agreement with Höegh LNG (ticker: HLNG) in relation to its U.S.-based Delfin Liquefied Natural Gas Deepwater Port Project, according to the company’s release. The project is a planned floating liquefaction, deepwater port designed to export LNG

Tallgrass Energy Partners Closes on the Acquisition of an Additional 33.3 Percent Interest in Pony Express

Tallgrass Energy Partners, LP (NYSE: TEP) (“TEP” or the “Partnership”) announced today that it has closed on the acquisition of an additional 33.3 percent interest in Tallgrass Pony Express Pipeline, LLC (“Pony Express”) for cash consideration of $700 million. The acquisition increases TEP’s membership interest in Pony Express to 66.7 percent. “We are excited to complete our third dropdown acquisition

RWE Utility Closes $5.7 Billion Deal

Germany’s RWE utility company completes sale to Russian firm despite opposition from the U.K. government. German utility RWE AG (ticker: RWE:XETRA) closed the sale of its oil and gas unit Dea for €5.1 billion ($5.7 billion) to LetterOne Group, an investment firm headed by Mikhail Fridman, who has strong ties with Russian business. The U.K.’s Department of Energy and Climate Change (DECC)

Range Resources Declares Quarterly Dividend

RANGE RESOURCES CORPORATION (NYSE:RRC) today announced that its Board of Directors declared a quarterly cash dividend on its common stock for the first quarter. A dividend of $0.04 per common share is payable on March 31, 2015 to stockholders of record at the close of business on March 16, 2015. RANGE RESOURCES CORPORATION (NYSE:RRC) is a leading independent oil and natural

Sanchez Energy Announces Fourth Quarter And Full-Year 2014 Financial Results And Updates Operations; Record Fourth Quarter Revenues Rise 33% On 133% Higher Production Compared To Fourth Quarter 2013

Sanchez Energy Corporation (SN) (the “Company,” “Sanchez Energy,” “we,” “our” or similar terms), today announced the Company’s operating and financial results for the fourth quarter and full-year 2014, which included the following highlights: HIGHLIGHTS FOR FOURTH QUARTER 2014 Record revenues of $172.5 million, an increase of 33% over the prior year Record production of 4,039 MBOE; an average of 43,897

American Eagle Energy Announces Operations and Reserves Update and Guidance

American Eagle Energy Corporation (NYSE MKT: AMZG) (“American Eagle” or the “Company”) announces an operations update for the fourth quarter ending December 31, 2014, capital spending and production guidance, and estimated proved reserves for year-end 2014. Operated Well Development During the fourth quarter ended December 31, 2014, American Eagle added three gross (1.8 net) wells to production. As announced previously,

pumpjack_green_field - oilandgas360

Ohio Oil & Gas Production Up Exponentially from 2013

The Ohio Department of Natural Resources reported over a 200% increase in oil production, and more than a 350% increase in natural gas production, from 2013 to 2014. The Ohio Department of Natural Resources (ODNR) last week released fourth quarter production numbers for oil and gas, showing strong production growth in the state. In the fourth quarter of 2014, the