Capital Markets – Page 99

Tanos Energy Acquires Assets From Both ConocoPhillips and Fidelity, $500 Million Capital Commitments From Quantum Energy Partners

May 12, 2016

TYLER, TX –(Marketwired – May 12, 2016) – Tanos Energy (“Tanos” or the “Company”), a private energy company focused on acquisitions and horizontal development in the Ark-La-Tex region, announced today that it has recently closed on the acquisition of assets located primarily in East Texas and North Louisiana from ConocoPhillips Company and Fidelity Exploration and Production Company (collectively the “Assets”) and

Crude Oil Volatility Decreases

May 10, 2016

Crude oil price volatility has declined since its peak in March according to a report from the EIA on May 10, 2016. During the first three months of 2016, crude oil prices were relatively more volatile than in recent history. The elevated volatility occurred when overall oil prices were low, and volatility was driven by high uncertainty related to supply,

U.S. Energy Consumption: Oil and Gas are Still King at 62% of the Market

April 29, 2016

Primary Energy Consumption by Source and Sector – 2014 This graphic from the EIA helps visualize some of the data leaking out of the agency’s massive knowledge vault. In their measure for total U.S. energy consumption in 2014, they use the graphic to help visually break it down by source and end use (sector). For example, it’s not a

EnerCom Named Top Management Consultant by Forbes

EnerCom Named One of America’s Best Management Consulting Firms by Forbes Magazine

April 29, 2016

EnerCom: 22 years of advising and serving energy-centric clients DENVER – April 29, 2016 – Forbes Magazine (Forbes) commissioned an independent study by Statista to identify America’s Best Management Consulting Firms. EnerCom, Inc. was recognized in the inaugural study in the category of Oil and Gas. Results of the study are based on two online surveys. The first survey was conducted

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

Premium Content