Oil & Gas 360

Encana Corporation (“Encana”) announced today it has reached an agreement with Veresen Midstream Limited Partnership (“Veresen Midstream”), a 50/50 limited partnership of Veresen Inc. and affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”), under which Encana and Cutbank Ridge Partnership (“CRP”), a partnership between Encana and Cutbank Dawson Gas Resources Ltd., a subsidiary of Mitsubishi Corporation, will sell certain natural

DENVER, CO and HOUSTON, TX / ACCESSWIRE / December 22, 2014 / Earthstone Energy, Inc. (NYSE MKT: ESTE) (“Earthstone”) and privately-held Oak Valley Resources, LLC (“Oak Valley”) today jointly announced that at a special meeting of Earthstone stockholders held on Friday, December 19, 2014, all proposals (see the Earthstone Proxy Statement dated November 10, 2014 at www.sec.gov for the full

VAALCO Energy, Inc. (EGY) today announced that production from Well 2-H in the Ebouri field, offshore Gabon, has resumed following successful wireline remedial work.  VAALCO expects production to stabilize at approximately 2,500 gross barrels of oil per day, 700 net to VAALCO. The well was temporarily shut-in in early October 2014 after pressure communication was detected between the tubing and

Story by Petro Global News Tesla Motors CEO Elon Musk has seen his fortune take a billion dollar hit since November as slumping oil prices lower demand for alternative energy and electric cars. Musk owns 28 million shares in electric car company Tesla Motors and almost 21 million shares in rooftop solar panel installer SolarCity, where he also serves as

Comstock Resources, Inc. (“Comstock” or the “Company”) (CRK) announced that it has budgeted $307 million in 2015 for its drilling and completion activities.  In response to low oil prices, the Company plans to suspend its oil directed drilling activity in its Eagle Ford shale properties in South and East Texas and in the Tuscaloosa Marine shale in Mississippi.  Comstock has

Cheniere Energy, Inc. (“Cheniere”) (NYSE MKT: LNG) announced today that its subsidiary, Corpus Christi Liquefaction, LLC (“Corpus Christi Liquefaction”), has entered into a liquefied natural gas (“LNG”) sale and purchase agreement (“SPA”) with EDP Energias de Portugal S.A. (“EDP”) under which EDP has agreed to purchase approximately 0.77 million tonnes per annum (“mtpa”) of LNG upon the commencement of operations

Saratoga Resources, Inc. (NYSE MKT:SARA; the “Company” or “Saratoga”) today provided an update on results of recent operations and measures being taken to reduce costs and enhance operational efficiencies in the current challenging environment with oil prices declining to five year lows. The Company has successfully completed several thru-tubing plugback operations with total capital expenditure of approximately $400,000 with initial

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