If Approved, New Export Capacity would Exceed 3.5 Bcf/d Sempra Energy’s (ticker: SRE) Cameron LNG plant, located in Hackberry, Louisiana, is about to get bigger. Representatives for the $10 billion LNG export plant applied for a facility expansion on February 24, 2015 – roughly four months after construction began. If approved, the expansion will provide an additional storage tank along
PetroQuest Energy (ticker: PQ), a micro-cap E&P focused on the Midcontinent and Gulf Coast regions, enters fiscal 2015 with its production volume and booked reserves at the highest in company history. Fiscal 2014 volumes of 118.7 MMcfe/d and reserves of 397 Bcfe (77% gas) represent respective increases of 14% and 23% compared to 2013. The company estimates it replaced approximately
Unit Corporation (NYSE: UNT) today reported its financial and operational results for the fourth quarter and year end 2014. For the year, Unit achieved a number of significant milestones: Record consolidated revenues of $1.6 billion Record proved reserves of 1.1 Tcfe (179.0 MMBoe), a 12% increase over 2013 Record annual production of 18.3 MMBoe, a 9% increase over 2013 Record
FORT WORTH, TX — (Marketwired) — 02/24/15 — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its 2014 financial results. 2014 Highlights – Record annual average daily production of 1,162 Mmcfe per day, an increase of 24% over 2013 Record adjusted annual cash flow of $1 billion, an increase of 10% over 2013 Unit costs reduced by $0.35 per mcfe or
Enterprise, MarkWest, DCP, Anadarko Join Forces on Texas Pipe A joint venture to expand the Panola Pipeline was finalized on February 24, 2015, according to a press release by operator Enterprise Products Partners (ticker: EPD). Per the terms, EPD will retain a majority interest of 55% of the pipeline, while DCP Midstream Partners (ticker: DPM), Markwest Energy Partners (ticker: MWE)
CALGARY, AB–(Marketwired – February 24, 2015) – Husky Energy Inc. (TSX: HSE) has filed a final Short Form Base Shelf Prospectus with applicable securities regulators in each of the provinces of Canada, effective February 23, 2015. The Shelf Prospectus will enable Husky to offer up to $3 billion of various financial securities in Canada until March 22, 2017. This filing renews
Will deliver policy recommendations to Gov. Hickenlooper this week The Colorado Oil and Gas Task Force is holding its final meeting today in order to discuss amendments to the recommendations it plans to send to Governor Hickenlooper later this week. The task force is meeting from 9 a.m. till 4 p.m. Feb. 24. No votes will be taken on the
Southern Tier threatens to leave NY for PA: Everybody over the border has new cars, new roofs, new siding Following a decision in December of last year to ban hydraulic fracturing in New York, several towns in New York’s Southern Tier are threatening to secede from the state in order to join Pennsylvania. The towns sit on top of a
Updated two-year capital spending outlook of up to $350 million per year, targeting cash flow neutrality in 2015 and 2016 Released production guidance of 58 to 62 thousand barrels of oil equivalent per day for 2015 and 2016 Replaced 113 percent of production from all sources in 2014; 106 percent replaced through the drill bit Increased total net risked resources,
Kosmos Energy (ticker: KOS), an oil and gas E&P company headquartered in Bermuda, announced a 2015 capital budget of $800 million in its Q4’14 results on February 23, 2015. The planned expenditures represents an increase of 52% compared to its 2014 budget, and is a result of “An increase in activity,” said the company release. An estimated $300 million, or
Gasoline Prices Continue Edging Up As if the dwindling rig counts, record inventories and falling temperatures weren’t enough for the oil and gas industry, another complication is arising at the tail-end of the system. Strikes spearheaded by the United Steelworkers Union (USW) increased on February 23, 2015, and now consists of a total of 15 facilities, including 12 refineries. The
Conference Board of Canada reports that B.C. will see the largest growth of any province in 2015 LNG projects would be “a game changer” The Conference Board of Canada released its Provincial Outlook: Winter 2015, and expects economic growth in British Columbia to outpace all other provinces in Canada. British Columbia’s economy grew by 2.8% in 2014, with growth in
