Articles by: Oil & Gas 360

Exclusive Video Interview with Advantage Oil & Gas President & CEO Andy Mah

Exclusive Video Interview with Advantage Oil & Gas President & CEO Andy Mah

Advantage Oil & Gas: Glacier is the big engine;  we’re going to be drilling there for decades

At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Advantage Oil & …

Exclusive Video Interview with Blackbird Energy Chairman and CEO Garth Braun

Exclusive Video Interview with Blackbird Energy Chairman and CEO Garth Braun

Blackbird Energy:  focused on 109 sections of Montney acreage

At its 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with Blackbird Energy (ticker: BBI) Chairman and CEO Garth Braun.

Blackbird is focused …

Appalachian Natural Gas Processing Up Tenfold Since 2010

Appalachian Natural Gas Processing Up Tenfold Since 2010

Ethane processing has grown from zero to 200,000 b/d

The massive growth in natural gas production in the Marcellus has spurred corresponding growth in gas processing capacity, according to a note from the EIA. Natural gas processing separates dry gas …

Source: XOM

Harvey Forces E&Ps to Stop Production

GOM producers shut in platforms, pipelines stop taking oil and gas

As would be expected, multiple companies have idled their GOM operations in the path of Hurricane Harvey. Anadarko Petroleum (ticker: APC) evacuated four platforms and shut in four more …

U.S. Midwest Refiners Eye Best Quarter In Two Years as Harvey Hits Rivals

From Reuters

U.S. refiners in the Midwest will be among the biggest winners after Hurricane Harvey dealt a blow to their competitors on the U.S. Gulf Coast.

Refiners such as PBF Energy and HollyFrontier that are not hit by Harvey …

August 29, 2017 - 2:35 pm Closing Bell Story‎, Crude Oil News

Mideast Oil Producers on Low-Level Alert after Iraq Pricing Switch

From Reuters

Gulf OPEC members Saudi Arabia and Kuwait are unlikely to follow Iraq in a major shift in the way it prices its oil in Asia and will monitor Baghdad’s attempts to squeeze more dollars from its reform, industry …

August 29, 2017 - 2:29 pm Closing Bell Story‎, Crude Oil News

Despite New U.S. Sanctions, Russian Oil Traders Say It’s Business As Usual

From Reuters

Russian oil companies will quickly find ways to work around tighter restrictions imposed this month by the United States on the foreign finance they can use, multiple Russian oil industry sources told Reuters.

The new restrictions cut the …

August 29, 2017 - 2:27 pm Closing Bell Story‎, Crude Oil News

Canadian Oil Producers, Consumers Feel Wrath from 42 Trillion Liters of Water from Harvey

From the Financial Post

CALGARY – Canadian oil producers and consumers are set to be lashed by the powerful storm that has battered Houston and the wider Gulf Coast region, a key oil and natural gas refining and processing hub.…

August 28, 2017 - 7:06 pm Closing Bell Story‎, Energy News

Oklahoma Drillers Seek Efficiency Amid Stable Albeit Lower Prices

From the AP/San Francisco Chronicle

OKLAHOMA CITY (AP) — Efficiency is the name of the game for Oklahoma drillers and out-of-state companies drilling wells in Oklahoma.

Lessons learned during the two-and-a-half-year downturn have helped boost some oil and gas businesses. …

August 28, 2017 - 6:47 pm Closing Bell Story‎, Energy News

FERC Okays NEXUS Gas Pipeline over Property Owner Protests

From the Detroit News

The Federal Energy Regulatory Commission has approved construction of a high-pressure pipeline that will carry natural gas from the shale fields of Appalachia, across northern Ohio and into Michigan and Canada, a decision likely to be …

August 28, 2017 - 6:39 pm Closing Bell Story‎, Energy News
Oklahoma is the Most Attractive Place for Oil and Gas Investment: Fraser

Rigs, Production in Anadarko Region Heading Up

SCOOP, STACK coming on

The Anadarko Region, which was recently added to EIA’s Drilling Productivity Report (DPR), accounted for 437,000 BOPD and 4.9 Bcf/d of natural gas production in July 2017, according to an EIA release.

Production in the region …

August 28, 2017 - 5:59 pm Closing Bell Story‎, Oil and Gas 360 Articles
Hurricane Harvey Creates Major Disruption in Oil Markets

Hurricane Harvey Creates Major Disruption in Oil Markets

22% of GOM oil down, 26% of GOM gas down, 25% of Gulf refining offline

Hurricane Harvey has made landfall, becoming a major disruption to the U.S. oil and gas industry.

The Gulf Coast is the heart of U.S. oil …

Harvey: Exxon Mobil, Chevron Phillips Shut Baytown Refinery, Chem Complexes

From the Houston Chronicle

Exxon Mobil is in the process of shutting down the nation’s second-largest refining complex in Baytown in the wake of Hurricane Harvey.

The Baytown campus, which also produces petrochemicals, can churn through up to 560,000 barrels …

August 28, 2017 - 2:29 pm Closing Bell Story‎, Energy News

Harvey Spares Cheniere’s Corpus Christi LNG Project, Sabine Pass Won’t Close

From the Houston Chronicle

Cheniere Energy, the largest exporter of liquefied natural gas in the U.S., said on Sunday that Hurricane Harvey had not, as of yet, significantly impacted production at its $18 billion Sabine Pass facility, south of Port …

August 28, 2017 - 2:15 pm Closing Bell Story‎, Energy News

Wattenberg Field: Crestone Peak Resources, Boulder County and COGCC Prepare for Oilfield Face-Off

If the State of Colorado approves Crestone Peak’s Comprehensive Development Plan for 216 wells in enviro-activist haven Boulder County, but the county rejects Crestone’s plan, what happens next?

From the Daily Camera

 

In March, Boulder County completed an update

August 28, 2017 - 2:06 pm Closing Bell Story‎, Energy News

New Plant to Power 700,000 Homes Using Marcellus Gas

From Energy in Depth

The Oregon Clean Energy Center (OCEC) opened for business in Ohio on Monday.

Ohio Gov. John Kasich visited OCEC to join the ceremonial ribbon-cutting as the facility came to life, adding 870 megawatts of power to …

August 28, 2017 - 1:32 pm Closing Bell Story‎, Energy News

Oil Below $50? No Problem in the Permian

From the Odessa American

A sub-$50 oil price goes further than it did a year ago, and advances at the wellhead are driving demand for employees among the service companies that make up the bulk of Odessa’s workforce.

Longer laterals, …

August 28, 2017 - 12:37 pm Closing Bell Story‎, Energy News
An LNG Horse Race

An LNG Horse Race

U.S. first-mover Cheniere has been exporting gas since early 2016, but what happens when you add 6 more LNG projects under construction that represent total capacity of 13.5 Bcf/day of U.S. natural gas heading to global destinations, with first shipments

Double Eagle Back For Round Three

Previous company formed with Apollo was bought by Parsley for $2.8 billion

Double Eagle Energy is back again, as the private development company just announced the formation of third iteration of the company.

The first Double Eagle Energy was formed …

Source: WPX

Rig Activity Continues to Drop

Land rigs drop by seven

U.S. drilling activity continues to fall, dropping for the fourth straight week according to Baker Hughes Weekly Rig Count. The total number of rigs active in the U.S. fell by six to 940, down 18 …

Statoil Looks to Shale-But Not in the U.S.

Statoil Looks to Shale-But Not in the U.S.

Agreement with YPF marks Statoil’s entry into Argentina

Statoil (ticker: STO) and YPF announced today an agreement to explore hydrocarbons in the Vaca Muerta shale. This represents Statoil’s entry into Argentina.

Under the terms of the agreement, Statoil will enter …

Hurricane Harvey Likely to Reduce U.S. Refinery Output: Baird

Hurricane Harvey Likely to Reduce U.S. Refinery Output: Baird

Hurricane Harvey, which is expected to make landfall around one o’clock in the morning on Saturday, August 26, may have an impact on the near-term energy outlook for the U.S.

As of now, Harvey is classified as a Category-2 storm …

Iraq Faces Resistance from Asian Buyers on ‘Ambitious’ Oil Price Change

From Reuters

Iraq’s proposal to change the way it prices crude oil in Asia faces resistance from refiners who fear that longer lead times between pricing and deliveries will expose them to more risk.

Iraq’s state oil marketer SOMO surprised …

August 25, 2017 - 3:29 pm Closing Bell Story‎, Crude Oil News
Federal Appeals Court Sides with Sierra Club in Florida Pipeline Case

Federal Appeals Court Sides with Sierra Club in Florida Pipeline Case

Sabal Trail: court requires FERC to account for GHG impact from pipeline’s downstream gas users

On August 22, 2017, the United States Court of Appeals serving the District of Columbia circuit granted the petition for review in the case of …

Oil Rises, Gasoline Gains Ease Ahead of Hurricane Harvey

From Bloomberg

Oil rose and gasoline eased gains amid anticipation of Hurricane Harvey.

Crude futures in New York settled 0.9 percent up, paring a weekly loss to 1.3 percent. Gasoline futures eased gains, after surging as much as 4.6 percent …

August 25, 2017 - 2:22 pm Closing Bell Story‎
Denver’s Hein & Associates to Merge with Seattle’s Moss Adams

Denver’s Hein & Associates to Merge with Seattle’s Moss Adams

Combination will create $600 million middle-market accounting/tax/audit leader in the western U.S. with strong oil & gas practice group

Moss Adams LLP, one of the largest accounting, consulting and wealth management firms in the nation, and Hein & Associates LLP, …

Energy XXI Gulf Coast Appoints T.J. Thom as Chief Financial Officer

Energy XXI Gulf Coast Appoints T.J. Thom as Chief Financial Officer

Energy XXI (ticker: EXXI) announced the appointment of Tiffany J. Thom as CFO today, replacing Hugh Menown.

Ms. Thom has more than 20 years of financial and operational experience in the energy industry, primarily offshore Gulf of Mexico operations.  Most …

August 24, 2017 - 6:37 pm Closing Bell Story‎, Oil and Gas 360 Articles

Oil and Gas Companies Prepare for Hurricane Harvey

From Reuters

Exxon Mobil

Exxon Mobil said on Thursday that it evacuated staff and shut its Galveston 209 platform and was also shutting in its Hadrian South subsea production system in the U.S. Gulf of Mexico ahead of Hurricane Harvey.…

August 24, 2017 - 6:09 pm Closing Bell Story‎

OPEC, non-OPEC panel says all options open to ensure market rebalance

From Reuters

A joint OPEC, non-OPEC monitoring ministerial committee said on Thursday it was confident the oil market was moving in the right direction but that all options, including an extension to the supply-cut pact beyond March, were open to …

August 24, 2017 - 6:05 pm Closing Bell Story‎, Crude Oil News

Crude oil production at Mexico’s Pemex hits 22-year low

From Reuters

Monthly crude production from Mexican national oil company Pemex fell below 2 million barrels per day in July for the first time in more than two decades, according to company data released on Wednesday.

Average crude output in …

August 24, 2017 - 5:46 pm Closing Bell Story‎