Analytics

Magellan Targets Recovery of 50 MMBOE at Poplar Dome

Magellan Targets Recovery of 50 MMBOE at Poplar Dome

CO2-EOR a technical success in the Charles formation

Magellan Petroleum (ticker: MPET) announced last week that the company’s CO2 enhanced oil recovery (CO2-EOR) pilot project is a “technical success,” according to MPET President and CEO …

PetroQuest Energy, Backed by Thunder Bayou, Prepares for Record Second Quarter

PetroQuest Energy, Backed by Thunder Bayou, Prepares for Record Second Quarter

PetroQuest Energy (ticker: PQ), a micro-cap E&P headquartered in Lafayette, Louisiana, projects volumes to reach record highs of 125 to 131 MMcfe/d (76% gas) in Q2’15, the company said in its Q1’15 earnings release. Charlie Goodson, Chief Executive Officer …

American Eagle Energy Appoints Marty Beskow as Chief Financial Officer

American Eagle Energy Appoints Marty Beskow as Chief Financial Officer

DENVER, CO — (Marketwired) — 05/05/15 — American Eagle Energy Corporation(NYSE MKT: AMZG) (“American Eagle” or the “Company”), announces that, effective as of the close of business on April 30, 2015, Kirk Stingley resigned as the Company’s Chief Financial …

May 5, 2015 - 9:20 am Analytics
Lonestar Resources Demonstrates Eagle Ford Shale Profitability in Q1’15 Results

Lonestar Resources Demonstrates Eagle Ford Shale Profitability in Q1’15 Results

Growing production and higher EBITDAX despite low commodity prices

Commodity prices have put tremendous strain on the entire oil and gas industries, with companies cutting capital expenditures by 35% on average, EIA EF Oil Productionbased on analysis done by EnerCom Inc. Despite the …

Range Resources Continues Record-Setting Trend in Q1’15 Results

Range Resources Continues Record-Setting Trend in Q1’15 Results

Leading Natural Gas Producer not Slowing Down

Range Resources (ticker: RRC) maintained its 20% to 25% annual line-of-sight growth strategy in its Q1’15 results, announcing a new production record of 1,328 MMcfe/d in the quarter. Volumes for 2015 are expected …

Range Resources Q1 Conference Call Wed. 9:00 a.m. EDT

Range Resources Q1 Conference Call Wed. 9:00 a.m. EDT

Range Resources (ticker: RRC) first quarter 2015 financial results news release will be issued Tuesday, April 28 after the close of trading on the New York Stock Exchange.

A conference call to review the financial results is scheduled on Wednesday, …

April 28, 2015 - 11:20 am Analytics
Magnum Hunter CEO Talks OPEC, Commodity Environment on Yahoo! Finance

Magnum Hunter CEO Talks OPEC, Commodity Environment on Yahoo! Finance

April 27, 2015 - 10:45 am Analytics, Energy News
Core Laboratories Delivers in Q1’15 Earnings

Core Laboratories Delivers in Q1’15 Earnings

Core Laboratories (ticker: CLB), a global leader in reservoir description, production enhancement and reservoir management services, set a first-quarter record with $72.7 million in free cash flow (defined as cash from operations less capital expenditures) in its Q1’15 earnings release …

Sanchez Energy Provides Operations Update; Efficiency Gains and Service Cost Reductions Continue to Drive Well Cost Savings and Higher Production

Sanchez Energy Provides Operations Update; Efficiency Gains and Service Cost Reductions Continue to Drive Well Cost Savings and Higher Production

Sanchez Energy Corporation (SN) (“Sanchez Energy” or the “Company”) today provided an update on its first quarter 2015 operations and production.  Highlights from the update include:

  • Estimated average daily production of 45,217 BOE/D during the first quarter 2015,
April 22, 2015 - 11:33 am Analytics, Energy News
IET: Biocide Virtually Eliminates Hydrogen Sulfide and Bacteria from Wells

IET: Biocide Virtually Eliminates Hydrogen Sulfide and Bacteria from Wells

Improving Safety at Well Sites

At this week’s Independent Petroleum Association of America (IPAA) meeting, Integrated Environmental Technologies (ticker: IEVM) gave a presentation about its Excelyte™ biocide, which the company says can be used to virtually eliminate hydrogen sulfide (H…

April 20, 2015 - 7:08 pm Analytics, Oil and Gas 360 Articles
EnerCom Analytics Updates Company Performance Metrics on Oil & Gas 360®

EnerCom Analytics Updates Company Performance Metrics on Oil & Gas 360®

2014 E&P and Oilservice Company Financial and Operational Performance Data now on www.oilandgas360.com

Full year and quarter-by-quarter comparative data on 21 E&P companies and Oilservice and technology companies have been posted on Oil & Gas 360®. The data was …

April 20, 2015 - 2:24 pm Analytics, Oil and Gas 360 Articles
Whiting Petroleum Corporation Announces Plan to Implement Proxy Access and Declassify Board of Directors

Whiting Petroleum Corporation Announces Plan to Implement Proxy Access and Declassify Board of Directors

Whiting Petroleum Corporation (WLL) today announced that it had committed to submit to a vote of stockholders at its 2016 annual meeting an amendment to its by-laws to implement proxy access and an amendment to its certificate of …

April 20, 2015 - 11:53 am Analytics, Energy News
Magellan Petroleum Provides Horse Hill and Markwells Wood Update

Magellan Petroleum Provides Horse Hill and Markwells Wood Update

Magellan Petroleum Corporation (MPET) (“Magellan” or the “Company”) today commented on certain recent announcements made by its partners in the Horse Hill-1 well (“HH-1”) in southern England.

On April 9, 2015, UK Oil & Gas Investments PLC (“UKOG”), …

April 17, 2015 - 11:14 am Analytics, Energy News
Source: HESS

MLPs Adjusting to Lower Borrowing Bases

Several master limited partners have less dry powder on hand

Since the beginning of April, a number of master limited partnerships (MLPs) have announced redeterminations to their borrowing bases. MLPs have been in a particularly tight spot with the fall …

April 16, 2015 - 6:12 pm Analytics, MLPs, Oil and Gas 360 Articles
Bam! Earnings Season Again – Q1 2015 Estimates

Bam! Earnings Season Again – Q1 2015 Estimates

EnerCom, Inc. compiled first quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 200 E&P and OilService companies in our database.

Click here for the full chart of estimates.

The median OilServices company earnings …

EIA Reference Case:  Brent Prices will Stay Below $100 through 2028

EIA Reference Case: Brent Prices will Stay Below $100 through 2028

Government Energy Arm Releases 2015 Annual Energy Outlook

The Energy Information Administration (EIA) released various energy-related projections through the year 2040 in its yearly release of the Annual Energy Outlook (AEO). In the 2015 edition, the EIA made five rather …

Samson Oil & Gas Advisory

Samson Oil & Gas Advisory

Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN):

TOTAL COMPANY PRODUCTION

Samson’s net monthly production, for the last six months, is as follows:

October November December January February March
OIL, BO 6,591 17,619 18,906 15,221 22,590 26,893
GAS,
April 14, 2015 - 12:41 pm Analytics, Energy News
VAALCO Energy Announces Continued Success with First Production from Etame 12-H

VAALCO Energy Announces Continued Success with First Production from Etame 12-H

VAALCO Energy, Inc. (EGY) today announced first production from Etame 12-H, a development well drilled from the Etame platform offshore Gabon.  Etame 12-H was drilled to a measured depth of approximately 3,450 meters targeting the recently discovered, untapped …

April 14, 2015 - 12:39 pm Analytics, Energy News
Trans Energy, Inc. to Sell Marcellus Assets in Wetzel County, West Virginia for Approximately $71.3 Million in Net Proceeds

Trans Energy, Inc. to Sell Marcellus Assets in Wetzel County, West Virginia for Approximately $71.3 Million in Net Proceeds

Company Retains Its Core Acreage Positions in Marshall and Marion Counties, West Virginia

Trans Energy, Inc. (OTCQB: TENG) today announced the signing of an agreement to sell Marcellus assets in Wetzel County, West Virginia, for approximately $71.3 million in net …

April 9, 2015 - 6:04 pm Analytics, Energy News
American Eagle Reports Q4 and FY 2014

American Eagle Reports Q4 and FY 2014

American Eagle Energy Reports Results for Fourth Quarter 2014 and Provides Liquidity Update

American Eagle Energy Corporation (NYSE MKT: AMZG) (“American Eagle” or the “Company”), announces its financial results for the fourth quarter ended December 31, 2014 and provides an …

April 8, 2015 - 4:38 pm Analytics
Magellan Concludes Poplar CO2-EOR Pilot a Technical Success and Provides Update on Utah CO2 Option

Magellan Concludes Poplar CO2-EOR Pilot a Technical Success and Provides Update on Utah CO2 Option

Magellan Petroleum Corporation (MPET) (“Magellan” or the “Company”) today announced that it has concluded that the CO2-enhanced oil recovery (“CO2-EOR”) pilot project at Poplar (the “Pilot”) has been a technical success, and demonstrates that …

April 7, 2015 - 10:32 am Analytics, Energy News
Callon Petroleum Company Announces Reaffirmation of Borrowing Base

Callon Petroleum Company Announces Reaffirmation of Borrowing Base

Callon Petroleum Company (CPE) today announced that the borrowing base under its senior secured revolving credit facility remained unchanged at $250 million following its lenders’ regularly scheduled semi-annual redetermination process. There were no other changes to the terms …

April 6, 2015 - 10:13 am Analytics, Energy News
Strategic Oil & Gas Ltd. Announces Year-End 2014 Financial and Operating Results

Strategic Oil & Gas Ltd. Announces Year-End 2014 Financial and Operating Results

Strategic Oil & Gas Ltd. (“Strategic” or the “Company”) (TSX VENTURE:SOG) reports financial and operating results for the three months and year ended December 31, 2014. Detailed results are presented in Strategic’s annual consolidated financial statements, related Management’s Discussion and …

April 2, 2015 - 6:10 pm Analytics, Energy News
Sanchez Production Partners Acquires Eagle Ford Shale Assets from Sanchez Energy Corp.; Raises Preferred Equity and Refinances Credit Facility

Sanchez Production Partners Acquires Eagle Ford Shale Assets from Sanchez Energy Corp.; Raises Preferred Equity and Refinances Credit Facility

Sanchez Production Partners LP (NYSE MKT: SPP) today announced that it has executed and closed an agreement with Sanchez Energy Corp. (NYSE: SN) (“Sanchez Energy”) to acquire wellbore interests in certain producing oil and natural gas wells in the Eagle …

April 1, 2015 - 10:29 am Analytics, Energy News
Resolute Energy Corporation Announces Agreement for Sale of Non-Core Assets and Changes to Board of Directors

Resolute Energy Corporation Announces Agreement for Sale of Non-Core Assets and Changes to Board of Directors

Resolute Energy Corporation (“Resolute” or the “Company”) (NYSE: REN) announced today that it has entered into a definitive agreement to sell certain non-core assets in the Midland Basin portion of the Permian Basin in west Texas. The properties will be …

March 30, 2015 - 11:09 am Analytics, Energy News
PDC Energy Closes Common Stock Offering

PDC Energy Closes Common Stock Offering

PDC Energy, Inc. (“PDC” or the “Company”) (PDCE) today announced that it has closed its previously announced underwritten public offering of 4,002,000 shares. The net proceeds from the offering were approximately $203 million after deducting underwriters’ compensation (but before estimated …

March 23, 2015 - 10:51 am Analytics, Energy News
Saratoga Resources Announces Extension of Forbearance Agreements with Senior Lenders; Engagement of Conway MacKenzie

Saratoga Resources Announces Extension of Forbearance Agreements with Senior Lenders; Engagement of Conway MacKenzie

Saratoga Resources, Inc. (NYSE MKT: SARA; the “Company” or “Saratoga”) today announced that it has entered amendments extending the terms of the existing forbearance agreements with (i) all of the holders of notes (the “First Lien Notes”) in the amount …

March 20, 2015 - 10:13 am Analytics, Energy News
Lonestar Resources, Ltd. Announces John Pinkerton Joins the Board of Directors, Company Plans Share Consolidation

Lonestar Resources, Ltd. Announces John Pinkerton Joins the Board of Directors, Company Plans Share Consolidation

Lonestar Resources Limited (ASX: LNR, OTCQX: LNREF) is pleased to announce that, effective immediately, John Pinkerton has joined the Board of Directors of the Company and has agreed to  provide consulting advice on strategic issues, capital expenditure plans, acquisitions, and …

March 16, 2015 - 1:47 pm 360 Company Releases, Analytics
Sanchez Production Partners Engages Lantana Energy Advisors for the Possible Sale of Mid-Continent Assets

Sanchez Production Partners Engages Lantana Energy Advisors for the Possible Sale of Mid-Continent Assets

Sanchez Production Partners LP (NYSE MKT: SPP) today announced that it has engaged Lantana Energy Advisors (“Lantana”) to assist with the possible divestiture of its assets and operations in Oklahoma and Kansas.

The assets considered for sale encompass the partnership’s …

March 16, 2015 - 1:46 pm 360 Company Releases, Analytics
Eureka Hunter Announces New Record Throughput Volumes of ~623,713 MMBtu per Day

Eureka Hunter Announces New Record Throughput Volumes of ~623,713 MMBtu per Day

Eureka Hunter Pipeline, LLC (“Eureka Hunter”), in which Magnum Hunter Resources Corporation (NYSE: MHR) (NYSE MKT: MHR.PRC) (NYSE MKT: MHR.PRD) (NYSE MKT: MHR.PRE) (“Magnum Hunter” or the “Company”) owns a substantial equity interest, announced today that throughput volumes on Eureka …

March 16, 2015 - 1:40 pm 360 Company Releases, Analytics