Energy XXI Chairman and CEO John Schiller spoke with CNBC’s Mad Money about the recent EPL acquisition and the synergies created from the acquisition. Mr. Schiller details how the company plans to increase cash flow, reduce debt and grow production. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to
Atlas Energy CEO Ed Cohen appeared on CNBC’s Squawk Box from EnerCom’s The Oil & Gas Conference in Denver, Colorado, to discuss the current natural gas landscape and how “too much of a good thing” has supposed prices. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or
Energy Companies Discussed their Colorado Operations at EnerCom’s The Oil & Gas Conference 19® Weld County, Colorado, is home to the Wattenberg Field, where horizontal drilling and hydraulic fracturing and complex well completion techniques are creating Colorado’s shale boom. Operators are going after oil and gas trapped in layers of shale about 7,000 feet beneath Weld County’s rich farmland and
Sanchez Energy (ticker: SN) is an Eagle Ford-focused E&P that has built a sizeable footprint through acquisitions following its IPO in December 2011. Since going public, Sanchez has spent more than $1.1 billion to add approximately 163,400 acres in what has become one the second greatest play in the United States based on oil production volume. The EIA expects Eagle
OAG360 covered the dropping Permian oil prices in a feature article yesterday, as Midland oil spot prices are trading at a $10 discount to West Texas Intermediate. As it turns out, there’s also a bottleneck in two other prominent shales. In the Bakken and Eagle Ford, operators elect to burn its gas rather than stockpile. The exponential increase in drilling
Natural Gas Represents More than Half of Nation’s Total Generation Capacity Growth of 4,350 MW in 1H 2014; Coal Adds Zero Capacity The U.S. Energy Information Administration reported yesterday that in the first half of 2014 solar plants added electric power generation capacity of 1,150 MW – 70% above the new solar capacity added in the first half of 2013.
Hein & Associates has been named to INSIDE Public Accounting’s (IPA) Best of the Best firms list for 2014, marking the fifth time in the last six years Hein has been awarded such an honor. The 2014 Best of the Best recognition evaluated more than 70 criteria from 540 firms, with only 50 being named to the exclusive list. “The
Production in the Permian is at an all-time high, but its prices per barrel are a different story. Spot prices at the Permian’s main hub in Midland, Texas, are trending among three-year lows. Its differential on August 25, 2014, was roughly $8 below the West Texas Intermediate (WTI) price and approximately $17 below the Brent spot price. The growing differential
Petroleum Engineers Enjoy Highest Projected Salary Growth: ABC News Last week ABC News reported that chemical engineer and mechanical engineer are two of the degrees college students can seek that can lead to jobs as petroleum engineers, a career with an average salary of $130,280. Petroleum engineers do not only currently enjoy generous pay rates, but ABC reports that the
A total of 117 companies from global industry leaders including Royal Dutch Shell (ticker: RBS.A), Halliburton (ticker: HAL) and Petrobras (ticker: PBR), to dozens of E&Ps including Range Resources (ticker: RRC), WPX Energy (ticker: WPX), Cabot Oil & Gas (ticker: COG) and Oasis Petroleum (ticker: OAS), to a select group of privately-held companies like D-J Resources and Fifth Creek Energy,
CNN reported today on the ISIS takeover of sections of Iraq and Syria and the potential outcome of further oil sales by the barbaric terrorist group that has reportedly beheaded children in its captured territories. “ISIS control just a few marginal fields in Iraq’s north, but they are enough to fund the terrorist group’s self-sufficiency,” CNN reported. “A month ago, the ISIS–controlled
Completion Engineer replaces Geophysicist for top slot The Colorado School of Mines has roughly 740 total petroleum engineering students enrolled today, about 190 of whom are slated for graduation in 2015. “Petroleum is driving our enrollment,” Colorado School of Mines Department of Petroleum Engineering’s Interim Department Head, Dr. William W. Fleckenstein, told Oil & Gas 360® at EnerCom’s The Oil
