Capital Markets Archives - Page 124 of 126 -

Antero Resources’ Borrowing Base Reaffirmed at $4.5 Billion

April 14, 2016

Antero Resources Announces First Quarter 2016 Operations Update DENVER, April 14, 2016 /PRNewswire/ — Antero Resources (NYSE: AR) (“Antero” or the “Company”) today provided its first quarter 2016 operations update. Highlights Include: Average net daily gas equivalent production was a record 1,758 MMcfe/d (23% liquids), an 18% increase over the prior year quarter and a 17% increase sequentially Average net

Touchstone Exploration Provides Credit Facility Update

April 14, 2016

CALGARY, ALBERTA–(Marketwired – April 14, 2016) – Touchstone Exploration Inc. (“Touchstone” or the “Company”) (TSX:TXP) announces an update regarding its credit facility. Touchstone’s borrowing base on its Trinidad based credit facility has been established at US$8,000,000 following the lender’s semi-annual borrowing base review. The Company currently has US$2,000,000 drawn on the credit facility, and US$6,000,000 is currently dedicated to the

Evolution Petroleum Announces New Reserve-Based Credit Facility

April 14, 2016

HOUSTON, April 13, 2016 /PRNewswire/ — Evolution Petroleum Corporation (NYSE MKT: EPM) today announced that it has entered into a new three-year, senior secured reserve-based credit facility (“Facility”) with MidFirst Bank of Oklahoma City, Oklahoma. The $50 million Facility replaces the Company’s unsecured credit facility which was set to mature on April 29, 2016. The initial borrowing base was set

Stone Energy Borrowing Base Now $300 Million

April 14, 2016

LAFAYETTE, La., April 14, 2016 /PRNewswire/ — Stone Energy Corporation (“Stone”) today announced an update on its first quarter operational activities and its borrowing base redetermination. First quarter results are expected to be reported in early May 2016. Production for the first quarter of 2016 was approximately 34 MBoe (or 204 MMcfe) per day, above the first quarter production guidance of 32-33

North America expected to export liquids starting 2021

North America = Net Exporter of Liquids by 2021: BP

April 11, 2016

Slowing demand and increasing production puts North America on track for net liquids exports BP (ticker: BP) released its 2016 Energy Outlook – Focus on North America today. In the repost it forecasts that increasing oil and gas production, mixed with lower demand in North America, will lead to net exports by 2021. Liquids consumption is expected to decline by

Borrowing Base Availability by Company

March 22, 2016

How Much Borrowing Base will be Left after Redeterminations? Bankruptcy and restructuring have become prevalent words in the oil and gas industry during the present price downturn. With spring borrowing base redeterminations already under way or quickly approaching, speculation is rampant as to the extent of cuts and who will suffer the consequences when cuts are made. Oil & Gas

Natural Gas: Cheap Fuel with Low Carbon Emissions

March 3, 2016

And the U.S. Has an Abundance of It Here’s another bit of energy upside, and it’s something for the shale gas producers to cheer about. The EIA released its 2015 power generation fuel data and natural gas was behind coal again—but just barely. At a horse race, 2015’s coal vs. natural gas race would be deemed a photo finish. But in 2016, natural gas is

Canadian Oil Sands Production Expected to Increase: EIA

February 25, 2016

New Canadian oil sands projects are more costly to shut down than continue running Despite lower oil prices, Canadian oil sands production is expected to continue growing, and be the main driver behind increased Canadian production as a whole, in the short-term. A number of projects which were already under construction in 2014 when crude oil prices collapsed will begin

Gulf of Mexico Production Expected to Reach Record High in 2017

February 18, 2016

Gulf of Mexico production will account for 21% of U.S. production next year Production from the Gulf of Mexico is expected to continue growing, despite the current price environment. With eight projects that came online in 2015, four expected in 2016, and two more anticipated for next year, the Energy Information Administration expects U.S. offshore production to continue playing a

The Leading Source of Oil in 2035—It’s Not OPEC: BP

February 11, 2016

Non-OPEC unconventional sources expected to provide growth in supply through 2035 The continued growth of global economies will continue to drive demand for energy around the world, according to BP’s (ticker: BP, BP.com) 2016 Energy Outlook. According to the study’s base case scenario, global GDP will more than double in the next 20 years, with energy demand growing by about

$20 Oil Not New to Some Producers

January 18, 2016

Certain crude grades from around the globe are already at or below $20 per barrel Oil and gas prices for the U.S. crude benchmark WTI, and international crude benchmark Brent, closed below $30 per barrel today, but some producers are already seeing less for their oil. The price for some grades of crude oil is already below $20 per barrel

The IPO that Was (and May Still Be): How Big is Saudi Aramco?

January 13, 2016

Last week, a Saudi crown prince dropped a bombshell in an under-the-radar interview that was published in The Economist. He said that the kingdom was looking into spinning off Aramco, or some portion of it, to raise cash. Comments regarding a potential initial public offering (IPO) from the world’s largest oil company were received with shock and laughter from the

Premium Content