Oil & Gas 360, Author at Oil & Gas 360

Synergy Resources Corporation Provides an Operations Update, Estimating 100% Year-Over-Year Production Growth, and a Revised Fiscal 2015 Capital Forecast

December 18, 2014

Synergy Resources Corporation (NYSE MKT: SYRG) (“Synergy,” the “Company”), a U.S. oil and gas exploration and production company with operations focused in the Greater Wattenberg Area in the D-J Basin, announces that its Fiscal 2015 capital forecast now includes the $75 million cash payment for the recently closed Wattenberg Field acquisition and incorporates changes in the completion design for future wells. Excluding the

Natural Gas Roundup for the Week Ended December 12, 2014

December 18, 2014

NATURAL GAS INVENTORY (Week Ended 12/05/14) Current: 3,295 Bcf Actual Injection/(Withdrawal): (64) Bcf Economist Average Estimate: (61) Bcf Previous: 3,359 Bcf Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports ANALYST COMMENTARY **All notes from 12/18/14** KLR Group Storage overview The EIA reported a 64 Bcf storage draw, 2 Bcf above our 62 Bcf

Upstream MLPs Getting the Worst of Commodity Downturn

December 18, 2014

Down more than 50% Year to Date Oil and gas companies are tightening the purse strings for 2015, as several news releases on guidance are showing capex declines of 20% or more. Commodity hedges may protect most companies from further capital deterioration for the time being, but repercussions from the oil price collapse will be truly felt once the hedge

Ruble Crumbles as Putin Offers Reassurances

December 18, 2014

President Putin says the economic downturn will reverse, even as the ruble continues to slide During his annual press conference, which lasted three hours this year, President Putin offered reassurances that Russia’s economic downturn would be remedied, even as the exchange rate on the ruble continued to drop. The ruble has fallen about 45% against the dollar this year, with

TSX Soars 350 Points

December 17, 2014

Energy Shares Lead Rally The Toronto Stock Exchange TSX Composite was up more than 350 points today as battered energy stocks begin to rebound and the U.S. Federal Reserve offered assurance on its interest rates. The S&P/TSX composite index jumped 355.61 points to 14,217.13, its second straight triple-digit advance as traders continued to buy stocks that were oversold during the

Oil pressure: Canadian oil producers slash 2015 capital budgets

December 17, 2014

Source: Business News Network Canadian oil producers Husky Energy Inc and Penn West Petroleum Ltd slashed their 2015 capital budgets due to a slide in crude oil prices. Penn West (PWT.TO 8.09%), one of Canada’s largest conventional oil producers, also cut its dividend to 3 Canadian cents per share from 14 Canadian cents. Penn West and Husky join several Canadian oil

Crude Oil Cuttings for the Week Ended December 12, 2014

December 17, 2014

CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/12/14) Current: 379,942 Actual Build/(Withdrawal): (847) Economist Average Estimate: (2,213) Previous: 380,789 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports ANALYST COMMENTARY **All notes from 12.17.14** KLR Group Demand Demand of ~20.5 Mmbpd increased ~5.2% w/w, and the four-week moving average increased ~170 bps to

It’s Official: Governor Cuomo Bans Fracing in New York

December 17, 2014

New York health officials say they will not recommend lifting the frac ban The prospects of using hydraulic fracturing to produce natural gas from the highly productive Marcellus shale basin in the state of New York now seem completely dead. New York health officials released their findings on the practice of hydraulic well stimulation, saying they believe that the long

Day Four – Breakout Notes from EnerCom’s The Oil & Gas Conference® 19

August 21, 2014

The Oil & Gas Conference® 19 forum offers investment professionals the opportunity to listen to the world’s key senior management teams present their growth plans, and provides industry professionals a venue to learn about important energy topics affecting the global oil and gas industry. EnerCom, Inc. gathered questions posed to management teams of the companies below during their respective breakout

Day Three – Breakout Notes from EnerCom’s The Oil & Gas Conference® 19

August 20, 2014

Callon Petroleum Company Presents at The Oil & Gas Conference 18®

August 13, 2013

Fred Callon, CEO, and Gary Newberry, VP of Operations of Callon Petroleum Company (NYSE: CPE) presented at the Oil and Gas Conference 18® on August 12, 2013. Callon is an oil and gas exploration and production company in the process of transitioning from offshore assets to being a Permian Basin operator. Callon’s Permian Basin operations are focused primarily in the

DeeThree Exploration – Day Four Breakout Notes

August 16, 2012

Martin Cheyne, President and Chief Executive Officer and Clayton Thatcher, Vice President of Geophysics of DeeThree Exploration (DTX) presented today at EnerCom’s The Oil & Gas Conference® 17. Their crude oil and natural gas exploration is concentrated in western Canada. DeeThree’s core operating areas are the Peace River Arch area of northwestern Alberta and the Brazeau area in west central

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