Rex Energy Announces Re-Affirmed Borrowing Base of $190 Million
July 5, 2016
Rex Energy Announces Re-Affirmed Borrowing Base of $190 Million
Nighthawk Energy Amends Existing Bank Agreement, Updates Water Flood Pilot Financing Plans
June 30, 2016
Amended Bank Agreement Nighthawk, the US focused oil development and production company (AIM: HAWK and OTCQX: NHEGY), is pleased to announce that on 29 June 2016 it entered into an amendment to the existing bank agreement with the Commonwealth Bank of Australia (“CBA”). New Amendment to Existing Bank Agreement As previously reported, since December 2015, the Company has been involved
Southwestern Energy Rearranges And Extends Bank Credit Facilities
June 27, 2016
Southwestern Energy Rearranges And Extends Bank Credit Facilities
Total U.S. Energy Production Up 2% YoY, 80% from Fossil Fuels
June 21, 2016
Domestic U.S. energy production of 89 quadrillion Btu accounted for 80% of U.S. energy supply: EIA U.S. energy production totaled 89 quadrillion Btu in 2015, according to the latest information from the EIA. Domestic production increased 2 quadrillion Btu, or roughly 2%, year-over-year. The majority of that production – 80% — came from fossil fuels, according to the agency. Gross withdrawals
Dow Jones Industrials – Is the Money Flow a Good Indicator of Market Direction?
June 14, 2016
Bullish or bearish? The chart above shows the total amount of money since August 2, 2011 that has been invested in the Dow Jones Industrial Average (DJIA) – the index – by institutional investors and retail investors via various forms of investment vehicles. In total more than $56 billion has been invested in the DJIA since Aug. 2011. This could
Persistently Low Commodity Prices will Hold Back Exporting Countries’ Growth: World Bank
June 8, 2016
Bank Downgrades Global Growth for 2016 – Commodity Exporters are Expected to Grow 5.4% Less than Importers The World Bank released its economic growth outlook for 2016 Tuesday, reducing its expectations from earlier this year. The bank anticipates global economic growth of 2.4%, down from 2.9% in January. 40% of that downward revision is due to commodity-exporting emerging markets
Crestview Partners Will Invest Up To $150 Million a New Bakken Shale-Focused, Non-Op E&P Company
June 8, 2016
NEW YORK, June 8, 2016 /PRNewswire/ — Crestview Partners, a New York based private equity firm, announced an investment in a newly-formed company, W Energy Partners (“W Energy” or the “Company”). Crestview Partners III, L.P. and its affiliated funds, will invest up to $150 million in W Energy to capitalize the business and fund the acquisition and development of high quality exploration and production (“E&P”) assets in
Natural Gas at 5-Month High as Market Tightens
June 2, 2016
Natural gas prices up again today on bullish storage data Natural gas prices rose to a five-month high today as information from the Department of Energy showed natural gas markets are tightening. Economist were expecting a build of 83 Bcf of natural gas this week. The actual numbers came in slightly lower at 82 Bcf. While storage levels remain well
Natural Gas-Fired Power Plants Being Constructed Near Major Shale Plays
May 25, 2016
Electrical generation from natural gas fired plants increased 19% in 2015 due to lower natural gas prices and increased legislation on carbon emissions. Coal and natural gas are now neck and neck in electrical generation capacity with EIA projecting natural gas to surmount coal as the top source of electricity. Natural gas-fired generation is expected to continue growth over the
PDC Energy’s Borrowing Base Re-Affirmed at $700 Million
May 17, 2016
DENVER, May 16, 2016 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that the borrowing base on its revolving credit facility has been re-affirmed at $700 million and that the Company has elected to keep its commitment level at $450 million. Also today, as previously announced, the Company settled its “3.25% Convertible Senior Notes due
Crude Oil and Rig Count Move in Unison
May 16, 2016
As of last week, rig count is 78% lower than the previous low in 2010 Crude oil price and rig count have moved primarily in conjunction with one another over the years. Rig count has fallen 81% since the most recent high of 2,094 during Q3 2014. The recent average high oil price came in Q2 2014 at $103.06/barrel,
Granite Oil Corp. Announces Credit Facility Update
May 16, 2016
CALGARY, ALBERTA–(Marketwired – May 16, 2016) – GRANITE OIL CORP. (“Granite“) (TSX:GXO)(OTCQX:GXOCF) announces that the annual borrowing base redetermination under its demand credit agreement has been completed and the borrowing base has been set at $60 million, consisting of a $45 million revolving demand credit facility and a $15 million revolving demand operating facility. The new borrowing base is a
