Lonestar Resources US Inc. (ticker: LONE) reported a net loss attributable to common stockholders of $13.7 million, or $(0.58) per share for Q4 2017. For 2017, the company had a net loss of $42.6 million, or $(1.92) per share. Net …
M&A activity in the Permian has come roaring back, with Concho Resources (ticker: CXO) announcing the biggest deal ever seen in the basin.
Concho will acquire RSP Permian (ticker: RSPP) in an all stock …
Frontera Energy Corporation (ticker: FEC) reported a net loss of $217 million, or $(4.33) per share for 2017. In Q4 2017, the company posted a net loss of $33 million, or $(0.65) per share. The company attributed the year’s loss …
Carrizo Oil & Gas, Inc. (ticker: CRZO) has appointed Frances Aldrich Sevilla-Sacasa, age 62, to its board of directors. Her immediate appointment increases the size of the Carrizo board to eight.
Photo: Americas Society / Council of the Americas…
From The Press of Atlantic City
Bipartisan legislation to ban offshore drilling in state waters and to prohibit infrastructure there from supporting drilling in federal waters off New Jersey, was approved 37-0 on Monday by the state Senate.
“This is …
On Tuesday, the opening of bids and awarding of exploration and hydrocarbons production contracts for the First Tender …
Permian-concentrated oilfield service provider ProPetro Holding Corp. (ticker: PUMP) had a net income of $12.6 million, or $0.16 per share for 2017. In Q4 2017 the company had a net income of $10.1 million, or $0.12 per share. The company …
Blackbird Energy Inc. (ticker: BBI) reported for the three months ended January 31, 2018, a net loss of CDN$1.71 million, or a net loss per share of $(0.00). For the six months ended January 31, 2018, the company reported a …
Calgary’s Canacol Energy Ltd. (ticker: CNE) recorded a net loss of USD$148 million for the year ended December 31, 2017, or $(0.48) per share – this compares to a net income of $23.6 million for the same period in 2016. …
Eclipse Resources Corporation (ticker: ECR) successfully drilled its longest Utica Dry Gas well to date. The Wiley D 8H had a …
Data published by state agencies, like the Texas Railroad Commission, are often incomplete when first published because of a combination of late reporting and processing delays, the EIA explained today as it compared TRRC and EIA data sets.
TRRC’s most …
DJ Basin focused PetroShare Corp. (ticker: PRHR) reported yearend proved reserves of approximately 7.9 MMBOE, a 25% increase over 2016 yearend proved reserves. The PV-10 value was about $59 million and the volume of the proved reserves is split 67% …
Permian E&P Lilis Energy, Inc. (ticker: LLEX) said its third-party operated midstream system has commenced operations. The company also said that its current production is exceeding 5,000 BOEPD …
From the Albuquerque Journal
Battle Axe Road cuts smack through the heart of New Mexico’s side of the Delaware Basin, a previously marginal zone along …
From Xinhua
BAGHDAD, March 26 (Xinhua) — Iraq plans to invite foreign energy companies to a new bid for the exploration and development of 11 oil and gas blocks near …
From the San Francisco Chronicle
A Bureau of Land Management oil and gas lease sale in Wyoming has netted nearly $20 million.
Wyoming will get about half the proceeds from the sale.
The agency says the last week’s sale resulted …
Earlier today Apache Corporation (Ticker: APA) announced an oil discovery on Block 9/18a Area-W in the United Kingdom sector of the North Sea. Garten is located 6 kilometers south of the Beryl Alpha Platform.
The Garten discovery well targeted a …
Oil & Gas 360® has learned that the Colorado Supreme Court will hear the opening briefs for Martinez v. COGCC (docket number 2017SC297) on April 2, 2018.
It’s a meaningful case because the outcome could force a change to the …
Surge Energy Inc. (ticker: SGY) produced on average 15,675 BOEPD in Q4 2017 and exited 2017 with 15,850 BOEPD. For 2018, the company’s production guidance stands at 16,150 BOEPD.
The company reported adjusted funds flow of $32.17 million, or $0.14 …
TransAtlantic Petroleum Ltd. (ticker: TAT) recorded a net loss in 2017 of $23.9 million, or $(0.50) per share. For Q4 2017, the company had a net loss of $4 million, or $(0.09) per share.
The company’s wellhead production from continuing …
From The Economic Times
NEW DELHI: The government today pushed back by a month the last date of bidding for a record number of oil and gas blocks to May 2.
Bidding in the auction of 55 exploration blocks …
The day following its London IPO, the Energean Oil & Gas PLC (ticker: ENOG) board approved the Final Investment Decision for the $1.6 billion Karish & Tanin development project, offshore Israel.
Australia’s Elk Petroleum Limited (ticker: ELK) recently released its half-year results and guidance update. The company reported a 44% increase in share price to A$0.095 (March 2018) – this is up from A$0.066 (June 2017). The company reported production of …
It was in July 2017 that Apache Corp. (ticker: APA) announced it was selling its conventional light oil production to Cardinal Energy Ltd. (ticker: CJ). At that time, Cardinal estimated that the properties would add about 5,000 BOEPD of production, …
SandRidge Energy, Inc. (ticker: SD) said that its board of directors, after careful consideration and a detailed technical and financial review, has rejected Midstates Petroleum Company, Inc.’s (ticker: MPO) unsolicited public offer to combine the two companies in a stock-for-stock …
Venado Oil and Gas, LLC and KKR will acquire the operated and non-operated Eagle Ford assets of Cabot Oil & Gas Corporation (ticker: COG) for a purchase price of $765 million.
Venado and KKR acquired interests which include approximately 303 …
Northern Oil and Gas, Inc. (ticker: NOG) expects its Q1 2018 average daily production to increase by 5% to 6% over fourth quarter 2017 – a sequential increase of nearly 1,000 BOEPD.
In a similar vein, Northern will be raising …
TPG Pace Energy Holdings Corp. (ticker: TPGE), an energy-focused special purpose acquisition …
Lilis Energy, Inc. (ticker: LLEX) has closed a deal to acquire approximately 2,798 net acres in the southeastern New Mexico area of the Delaware Basin. The deal was part cash ($40 million) and part stock (~6.9 million shares, or ~$25.3 …
Bill Barrett Corporation (NYSE: BBG) has completed its strategic combination with Fifth Creek Energy Company, LLC. The merger between Bill Barrett and privately held Fifth Creek Energy closed March 19, 2018.
In …
