Oil & Gas 360 – Page 1871

Breitling Energy Announces Completion Operations on Hankamer #1 Well in Texas

February 19, 2015

DALLAS–(BUSINESS WIRE)– Breitling Energy Corporation (BECC) (the “Company”) announces the completion phase on the Hankamer #1 in Newton County, Texas, operated by Seely Oil. At least two Yegua sections will be perforated and tested. Log analysis and sidewall cores indicate the presence of oil and natural gas in sands that display good porosity and permeability. The Hankamer #1 well, in

Natural Gas Roundup for the Week Ended February 13, 2015

February 19, 2015

NATURAL GAS INVENTORY (Week Ended 2/13/15) Current: 2,157 Bcf Actual Injection/(Withdrawal): (111) Bcf Economist Average Estimate: (109) Bcf Previous: 2,268 Bcf Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY KLR Group Storage overview The EIA reported a 111 Bcf storage draw, 12 Bcf above our 99 Bcf estimated draw

Crude Oil Cuttings for the Week Ended February 13, 2015

February 19, 2015

CRUDE OIL INVENTORY/’000 bbls (Week Ended 2/13/15) Current: 425,644 Actual Build/(Withdrawal): 7,716 Economist Average Estimate: 3,050 Previous: 417,928 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or

Hatch, Barrasso and Enzi Introduce Senate Bill to Stop Frac Regulation Duplicity

Bipartisan Movement Towards Stronger Energy Ties with Mexico

February 19, 2015

Twenty Senators ask Congress to authorize more trade with Mexico Senator Lisa Murkowski (R-AL) and 19 other senators asked Commerce Secretary Penny Pritzker to authorize the export of oil to Mexico in a letter this week. Murkowski said in her letter that expanding U.S.-Mexico energy relations would be mutually beneficial. The letter address reports that Mexico’s PEMEX applied for swap

Rosneft: Canada Oil in “Near-Death Situation” after PM Harper Imposes New Sanctions on Russia

February 19, 2015

Canadian Prime Minister Stephen Harper imposed new sanctions on Russia this week, including on Rosneft Stephen Harper’s government announced Tuesday the expansion of sanctions against Russia for its involvement in Ukraine. The expanded sanctions target Russia’s largest oil producer, Rosneft (ticker: RNFTF), as well as Rostec, which encompasses weapons, cars and metals. Canada had previously resisted sanctioning both companies because

Explosion at Exxon LA-area refinery, gas prices spike

February 18, 2015

Story by CNBC An explosion and fire ripped through a gasoline processing unit at anExxon Mobil refinery in Torrance, California, near Los Angeles on Wednesday, slightly injuring four workers and shattering windows of surrounding buildings, authorities said. Exxon confirmed that there had been an “incident” at the refinery but it did not offer further details. It said emergency procedures had

Samson Oil & Gas Advisory

February 18, 2015

Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): TOTAL COMPANY PRODUCTION Samson’s net monthly production for the December 2014 quarter and for January 2015 was as follows: October November December January OIL, BO 6,591 17,619 18,906 15,221 GAS, MCF 11,861 9,363 12,102 15,384 BOE 8,567 19,180 20,923 17,785 BOEPD 285 618 675 574 January production was lower than

Harvest Natural Resources Receives Continued Notice Listing From NYSE

February 18, 2015

Harvest Natural Resources, Inc. (NYSE: HNR) (Harvest or the Company) today announced that on February 13, 2015, the Company received notification from the New York Stock Exchange(NYSE) that the Company had fallen below the NYSE’s continued listing standard, which requires a minimum average closing price of $1.00 per share over 30 consecutive trading days. Under the NYSE’s rules, Harvest has

Russia Ready to Consider Alternatives to South Stream

February 18, 2015

President Putin to explore alternatives to South Stream with the E.U. Russia is ready to discuss alternative options to South Stream with its European Union partners, says President Vladimir Putin. The Russian president said his country was not trying to punish its E.U. partners by deciding to stop the project, and is open to alternatives, but will not abandon cooperation

Ohio Supreme Court Upholds State’s Supremacy in Drilling Regulations

February 18, 2015

The Ohio Supreme Court rules that regulating oil and gas drilling is up to the state, not local authorities In a 4-3 decision with three written dissents, the Ohio Supreme Court has decided that certain local zoning laws aimed at limiting hydraulic fracturing cannot be used to circumvent state’s authority over oil and gas drilling. The court said that the

SandRidge Energy, Inc. Bolsters Senior Management Team; Names Veteran Executive as Chief Operating Officer

February 17, 2015

SandRidge Energy, Inc. (SD) announced today the appointment of Steve Turk to the role of Executive Vice President and Chief Operating Officer, effective March 2, 2015. Mr. Turk comes to SandRidge with more than 30 years of experience in the exploration and production industry, at both private and publicly held companies, including having most recently served as Chief Operating Officer

Cenovus announces $1.5 billion bought-deal common share financing

February 17, 2015

Cenovus Energy Inc. (CVE) (CVE) (“Cenovus”) announced today that it has entered into a bought-deal financing agreement to sell 67.5 million common shares (“Common Shares”) at a price of $22.25 per share (the “Offering”). The net proceeds of the Offering, combined with the company’s $3 billion of undrawn committed credit lines, provide Cenovus with a stronger balance sheet and financial

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