Capital Markets Archives - Page 108 of 114 -

Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

May 23, 2017

Yuma Energy, Inc. (ticker: YUMA) said it has sold its wholly owned subsidiary’s El Halcón property for $5.5 million. The assets are located in Brazos County, Texas, and Yuma held an average working interest of approximately 10% (1,557 net acres) producing approximately 140 Boe/d net from 50 Eagle Ford wells and one Austin Chalk well. Yuma also announced that on May 19, 2017 the lenders under its

EnerCom Effective Rig Count Equates to 1,109 Rigs in the Permian

May 19, 2017

U.S. added the most land rigs since April 2015 The U.S. rig count has finally exceeded 900 rigs, according to Baker Hughes’ (ticker: BHI) most recent weekly rig count. American land rigs added 14 for a total of 878 rigs online. This is the highest number of land rigs active in the U.S. since April 2015, a few months after

Permian Effective Rig Count 1,109

May 15, 2017

Nationwide EERC higher than ever at 1,873 EnerCom released its monthly EnerCom Effective Rig Count today. Launched in January, the EnerCom Effective Rig Count seeks to account for improved productivity in recent developments. The downturn forced companies to innovate and develop new technologies and techniques to remain economic. These advancements have allowed companies to drill better, faster wells than they

Northern Oil and Gas: Enhanced Completions Generate 13 MBOEPD

May 8, 2017

Northern anticipates more production growth in 2H 2017 Northern Oil and Gas, Inc. (ticker: NOG) reported total production of 1.2 million BOE for the first quarter, averaging 13,299 BOEPD. Northern’s business model is as a non-operator franchise in the Bakken and Three Forks plays in the Williston Basin of North Dakota and Montana. Northern operates under a capital allocation model that calls

Parsley Ups Borrowing Base to $1.4 Billion

May 1, 2017

Parsley has full borrowing capacity available for Permian development Permian driller Parsley Energy (ticker: PE) said it has amended its revolving credit agreement, increasing the borrowing base by 60% to $1.4 billion, with a company-elected commitment amount of $1.0 billion. The amendment also adds five new lenders under the credit agreement: Canadian Imperial Bank of Commerce, New York Branch; Capital One, National Association; Citibank, N.A.; PNC Bank, National

Callon Callon Petroleum Company Announces Closing Of Southern Midland Basin Divestiture And Updates 2019 Guidance Oil & Gas 360

EnCap-Backed PetroLegacy Snags 20,000 Midland Acres from Pioneer

May 1, 2017

99% HBP by 220 producing vertical wells EnCap-backed PetroLegacy Energy II, LLC closed on the acquisition of roughly 20,000 net acres in northeastern Martin County, Texas, from Pioneer Natural Resources Company (ticker: PXD) for $266 million. PetroLegacy said the Northern Midland Basin assets are currently producing approximately 1,500 BOEPD and will provide PetroLegacy with horizontal drilling locations across the property

EnerCom Effective Rig Count Rises to 1,765

April 17, 2017

Utica rigs have seen largest productivity increase EnerCom released its EnerCom Effective Rig Count today. Launched in January, the Effective Rig Count seeks to account for improved productivity from recent development. New technologies and techniques have allowed wells to be drilled faster and produce more hydrocarbons. Each rig yields greater production now than it did before the downturn. Based on

NSAI Adds New Delhi To Oil and Gas Property Evaluation Seminar Lineup - Oil & Gas 360

Netherland Sewell 2017 Oil & Gas Property Evaluation Seminars Begin May 8

April 13, 2017

Registration is open for Netherland Sewell’s 2017 Oil & Gas Property Evaluation Seminars Each year since 1994, Netherland Sewell & Associates, Inc. (NSAI), one of the industry’s most highly regarded petroleum consulting firms, has conducted its popular Oil & Gas Property Evaluation Seminars for non-technical financial professionals whose work relates to the petroleum industry. The seminars are designed to help

Oil & Gas 360 The U.S. energy sector, while not entering a downturn, is facing an extended period of lower oil prices, lower profits and tighter spending, ultimately leading to slower growth, fewer companies and fewer jobs

Haynes and Boone Spring 2017 Oil and Gas Borrowing Base Survey Reflects “Cautious Optimism”

April 6, 2017

Energy companies will have access to debt in 2017 Haynes and Boone, LLP released its spring 2017 survey of oil and gas borrowers and lenders this week, demonstrating a modestly improved outlook for the oil and gas market. In its “Borrowing Base Redeterminations Survey: Spring 2017,” the firm polled a broad cross-section of the industry, including executives at oil and gas

WildHorse Borrowing Base Rises to $450 Million

April 5, 2017

WildHorse Resource Development’s (ticker: WRD) existing borrowing base under its $1.0 billion multi-year revolving credit facility was increased by its 15-lender bank group to $450 million from $362.5 million, the company announced today. WRD’s revolving credit facility matures in December 2021. The financial covenants were unchanged, the company said in a statement. Wildhorse is active in the Eagle Ford and North Louisiana Cotton Valley trend.

Slowing Demand For Coal Sees Total Energy Production Fall 4%: EIA

March 31, 2017

Natural gas exports exceed coal exports in record milestone Total energy production in the U.S. was down in 2016, the first decrease since 2009, according to a note released by the EIA today. U.S. primary energy production totaled 84.1 quadrillion BTU in 2016, 4% below the 88 quadrillion BTU produced in 2015. 18% drop in coal drives decrease Most of

EnerCom Effective Rig Count: 1,653

March 13, 2017

Eagle Ford, Marcellus Rigs Most Productive: EIA Report The EIA released its monthly Drilling Productivity Report today, outlining recent drilling and production activity. This report focuses on the Bakken, Eagle Ford, Haynesville, Marcellus, Niobrara, Permian and Utica. According to the EIA, these regions accounted for 92% of domestic oil production growth and all domestic natural gas production growth during 2011-14.

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