Oil and Gas 360 Articles

Williams Companies Weighing Takeover Offers; Energy Transfer Still in the Picture 

Williams Companies Weighing Takeover Offers; Energy Transfer Still in the Picture 

Analysts have pegged scores of oil and gas companies as potential takeover targets in the new commodity environment, but Williams Companies (ticker: WMB) is one of the few who has remained in the acquisition spotlight ever since a failed takeover

September 14, 2015 - 7:02 pm Downstream, Midstream, MLPs, Oil and Gas 360 Articles, Regulatory
Milestone: Permian Basin Eclipses 2,000 MBOPD in EIA’s Drilling Productivity Report

Milestone: Permian Basin Eclipses 2,000 MBOPD in EIA’s Drilling Productivity Report

The Permian ranks among the top-20 oil producing countries on a stand-alone basis

The Permian Basin continues to deliver amid declining activity, with production levels expected to rise past 2,000 MBOPD in the Energy Information Administration’s (EIA) September issue of …

Source: WPX

What do Oil Companies and Lenders Foresee with this Fall’s Borrowing Base Redeterminations?

  • Haynes and Boone Releases Fall 2015 Borrowing Base Survey Results: “Time for Action” View Replaces Spring’s “Wait and See” Attitude

  • New York City Financing Event Will Provide Color, Discuss Financing Options

  • Farmouts of Proven but Undeveloped Assets could be Solution

September 14, 2015 - 6:36 pm Finance, Mergers & Acquisitions, Oil and Gas 360 Articles
Interview with Frank Lodzinski, President and CEO of Earthstone Energy at The Oil & Gas Conference® 20

Interview with Frank Lodzinski, President and CEO of Earthstone Energy at The Oil & Gas Conference® 20

Earthstone Energy CEO, Frank Lodzinski, speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20.

Earthstone Energy – The Oil & Gas Conference® 20 Webcast

September 14, 2015 - 6:34 pm Oil and Gas 360 Articles, Straight Answers, TOGC, Videos
Chart of the Week: U.S. Energy Use in 2014

Chart of the Week: U.S. Energy Use in 2014

Petroleum, NatGas, Coal & Nuclear Delivered 89% of U.S. Energy in 2014

U.S. Energy Use: in its September release of the second Quadrennial Technology Review (QTR), AN ASSESSMENT OF ENERGY TECHNOLOGIES AND RESEARCH OPPORTUNITIES, the U.S. Department of Energy …

September 14, 2015 - 4:29 pm Chart of Week, Oil and Gas 360 Articles
Is Oil Set to Surge?

Is Oil Set to Surge?

OPEC lowers expectations for non-member output

OPEC once again revised down its expectations for non-OPEC member production growth in its September Oil Market Report, lowering expected output for both 2015 and 2016. The organization projects that for this year, …

Solar Market Slows Growth but Remains Healthy

Solar Market Slows Growth but Remains Healthy

Renewables continue growth

Renewable sources of energy continue to grow in importance both inside the U.S. and internationally. Solar energy makes up an important portion of the overall renewable energy mix, but the growth in total capacity has slowed along …

September 14, 2015 - 3:46 pm Oil and Gas 360 Articles
Interview with Steven Guidry, Chairman and CEO of VAALCO Energy at The Oil & Gas Conference® 20

Interview with Steven Guidry, Chairman and CEO of VAALCO Energy at The Oil & Gas Conference® 20

VAALCO Energy’s CEO, Steven Guidry, speaks with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20.


VAALCO Energy – The Oil & Gas Conference® 20 Webcast

September 11, 2015 - 7:17 pm Oil and Gas 360 Articles, Straight Answers, TOGC, Videos
IEA, Citigroup Say U.S. Production Drops of up to 500 MBOPD are on the Horizon

IEA, Citigroup Say U.S. Production Drops of up to 500 MBOPD are on the Horizon

The International Energy Agency (IEA) expects non-OPEC production to drop by nearly 500 MBOPD in 2016 as a result of declining activity in the new commodity environment. The projection, made in the Agency’s Oil Market Report for September, reinforces a …

Saudi Arabia Brushes Off Meeting Request, Goldman Sachs Eyes $20 Oil

Saudi Arabia Brushes Off Meeting Request, Goldman Sachs Eyes $20 Oil

Oil Bears out in Force before the Weekend

Oil prices and rig counts alike fell on Friday, with the former falling by about 2% and the latter reaching its lowest level in more than a decade. A handful of …

September 11, 2015 - 5:58 pm Commodity Pricing, International, Oil and Gas 360 Articles, OPEC
Rig Count Continues Falling to 848

Rig Count Continues Falling to 848

Rig counts reach lowest point since January 2003

The total number of rigs operating in the United States continued to fall for the third consecutive week, shedding the most rigs in terms of percentage of total rigs since May 1, …

Anadarko Continues Drilling in the Wattenberg

Anadarko Continues Drilling in the Wattenberg

Anadarko announces 50 new wells within Fort Lupton city limits

Colorado’s Wattenberg Field has been a serious investment for oil and gas major Anadarko (ticker: APC), with the company more than doubling year-over-year production from its horizontal drilling program in …

In this Sept. 4, 2013 photo, One World Trade Center rises above the lower Manhattan skyline in New York. Twelve years after terrorists destroyed the old World Trade Center, the new World Trade Center is becoming a reality, with a museum commemorating the attacks and two office towers where thousands of people will work set to open within the next year. (AP Photo/Mark Lennihan)

Fourteen Years Later, One World Trade Center Stands Out on New York City’s Iconic Skyline

Tenants are Moving Into the Largest Building in the Western Hemisphere

Standing 1,776 feet above the streets of Manhattan, One World Trade Center is welcoming in tenants to the 104-floor masterpiece, 14 years after 9-11. The striking structure is the …

September 10, 2015 - 7:17 pm Oil and Gas 360 Articles
United States, Mexico Integrate Energy Industries with Crude Oil Swaps

United States, Mexico Integrate Energy Industries with Crude Oil Swaps

Mexico’s rapidly changing oil and gas industry took another step forward last month, reaching an agreement with the United States Bureau of Industry and Security to swap crude oil depending on its respective grades. U.S. refineries, particularly on the Gulf …

September 10, 2015 - 7:02 pm International, Oil and Gas 360 Articles, Regulatory
New Oil and Gas Codes in the DJ Basin

New Oil and Gas Codes in the DJ Basin

Erie, Colorado town board approves new code for operators

The town of Erie, Colorado, passed a new code for in-town oil and gas operations, affecting major oil and gas companies like Anadarko (ticker: APC), Noble Energy (ticker: NE), Encana (ticker: …

Senate Motion to Stop Iran Nuclear Deal Fails by 2 Votes

Senate Motion to Stop Iran Nuclear Deal Fails by 2 Votes

Congressional Republicans unable to mount enough opposition to stop Iran deal

Senate Democrats blocked a Republican resolution of disapproval of the Iran nuclear deal from going to a final vote today, with the procedural motion to move to a final …

September 10, 2015 - 5:29 pm International, Oil and Gas 360 Articles, OPEC, Politics & Opinions
California Drops 50% Oil Cut from Senate Bill

California Drops 50% Oil Cut from Senate Bill

The California Senate removed requirements for a 50% reduction in petroleum use from SB 350

The California legislature passed a law today setting higher renewable energy use and fuel standards, but without a portion of the bill that would have …

Source: Phillips 66

Berkshire Bolts on Another 3.5 Million Shares of Phillips 66

Warren Buffet looks to Phillips 66

Just eight days after the initial news that Warren Buffet’s Berkshire Hathaway Inc. (ticker: BRK.A) had invested $4.5 billion in Phillips 66, Buffet’s firm decided to purchase an additional 3.5 million shares of the …

September 10, 2015 - 2:39 pm Midstream, MLPs, Oil and Gas 360 Articles
Interview with Marwood Group VP of Energy Research Jeb Armstrong at The Oil & Gas Conference® 20

Interview with Marwood Group VP of Energy Research Jeb Armstrong at The Oil & Gas Conference® 20

Jeb Armstrong, Vice President of Energy Research at the Marwood Group, speaks to Oil & Gas 360® at The Oil & Gas Conference® 20 in Denver about government regulations and their impact on the future of the energy industry.

September 10, 2015 - 10:49 am Oil and Gas 360 Articles, Regulatory, Straight Answers, Videos
Encana Reports Core Assets Produced 257 MBOEPD in August

Encana Reports Core Assets Produced 257 MBOEPD in August

Encana reported an increase of 24 MBOEPD from Q2 averages

Calgary-based Encana Corp (ticker: ECA) reported today that production from its four main assets increased to 257,000 barrels of oil equivalent per day (MBOEPD), up 24 MBOEPD from the average …

September 9, 2015 - 6:40 pm Canada, Oil and Gas 360 Articles
OPEC Welcomes a New Member

OPEC Welcomes a New Member

Indonesia Rejoins Cartel after Six Year Hiatus

The Organization of Petroleum Exporting Countries (OPEC) welcomed Indonesia back into the fold as the 13th member of the cartel, the Organization said in a press release on September 8, 2015. Indonesia …

September 9, 2015 - 6:35 pm Oil and Gas 360 Articles, OPEC
Saudi Arabia Loses Market Share in Asia

Saudi Arabia Loses Market Share in Asia

Saudi’s market share in 7 Asian countries declined to 23.2% in the first half of the year

Crude oil imports from Saudi Arabia to seven major Asian markets declined 0.7% in the first half of 2015 compared to the same …

September 9, 2015 - 5:23 pm International, Oil and Gas 360 Articles, OPEC
New England Power Consumers: Winter is Coming

New England Power Consumers: Winter is Coming

Residents of the northeast United States are likely to dismiss any notion of the upcoming winter season (it was 90 degrees in Boston today), but the chilly months that accompany football season are indeed approaching.

Winter for New Englanders also …

September 9, 2015 - 5:22 pm Midstream, Oil and Gas 360 Articles, Regulatory
Source: Gazprom. LNG Tanker

Australia’s Woodside Makes $8 Billion Bid for Oil Search

All stock offering would give Woodside growth potential

Woodside Petroleum (ticker: WPL), Australia’s largest independent oil and gas company, announced that it has made a non-binding offer for Oil Search Ltd. (ticker: OSH) under which Woodside would acquire all of …

September 9, 2015 - 4:07 pm LNG, Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles
Interview with Thomas Jorden of Cimarex Energy at The Oil & Gas Conference® 20

Interview with Thomas Jorden of Cimarex Energy at The Oil & Gas Conference® 20

Cimarex Energy CEO Tom Jorden spoke with Oil & Gas 360® in an exclusive video interview at EnerCom’s The Oil & Gas Conference® 20.  Jorden talked about his company’s capital spending plans and new developments in the Wolfcamp in the …

September 9, 2015 - 3:45 pm Oil and Gas 360 Articles, Straight Answers, TOGC, Videos
Presidential Candidates on Energy: Clinton

Presidential Candidates on Energy: Clinton

Clinton Favors Clean Energy Grants and Tax Incentives, Deep Decarbonization

Former U.S. Senator from New York, former Secretary of State and former First Lady Hillary Clinton issued her position on energy on her website earlier this summer.

As reported by …

September 9, 2015 - 1:10 pm Oil and Gas 360 Articles, Politics & Opinions, Regulatory
Nighthawk Energy Readies Drilling Program, Armed with Financing and Joint Ventures

Nighthawk Energy Readies Drilling Program, Armed with Financing and Joint Ventures

Nighthawk Energy (ticker: HAWK.L), an exploration and production company focused on conventional operations in the Denver-Julesburg Basin, is preparing to ramp up its drilling program after finalizing a series of financing and joint development agreements.

Capital in Place to Begin

Continental Resources Trims 2015 Capital Budget, Reduces Rig Count

Continental Resources Trims 2015 Capital Budget, Reduces Rig Count

Maintains Guidance Despite 12% Budget Cut

Citing low commodity prices, Continental Resources (ticker: CLR) cut its 2015 non-acquisition budget to $2.35 to $2.40 billion, down from its previous guidance of $2.70 billion. In a company release, management said the adjustment …

Source: theiet.org

Spain Reaches Deal to Transport Iranian Natural Gas

Spain and Iran come to a deal on natgas transport

Spain reached an agreement with Iran to ship natural gas from Iran to Europe following the release of sanctions against the country. Iranian authorities and an economic trade delegation of …

Source: CNOOC

CNOOC to Resume 75% of Oil Sands Production

Alberta regulator calls for partial shutdown at CNOOC project

The Alberta Energy Regulator (AER) recently announced that it would partially lift a suspension order it issued August 28 against China National Offshore Oil Corp (CNOOC, ticker: CEO) subsidiary Nexen Energy …