Midstream – Page 112 – Oil & Gas 360

Egypt Increases Attention on Oil & Gas Sector by Auctioning 22 Concessions

December 30, 2013

On December 30, 2013, Egypt’s state-owned petroleum corporation and natural gas holding company announced an internal auction for 22 concessions intended for oil and gas exploration. The concessions, located in the Suez Canal, Mediterranean Sea, Nile Delta and western desert, all must be in accordance with Egypt’s production sharing agreements. According to the EIA, Egypt is Africa’s second largest dry

Range Resources Surpasses Net Production of 1 Bcfe/d, Marcellus Wells Continue to Beat Type Curve

December 27, 2013

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk, development drilling opportunities. Range Resources announced its net production is exceeding 1 Bcfe/d, a

Magnum Hunter Resources Updates Appalachia Production, Midstream Business Progressing

December 23, 2013

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported with approximately 350,000 net acres spread across its core operating regions. On December 20, 2013, Magnum Hunter Resources provided an

OPEC Maintains 30 MMBOPD Output Goal for 2014 Despite Global Surplus and Record U.S. Production

December 23, 2013

Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) announced the group’s target output for 2014 will remain unchanged at 30 MMBOPD. Ministers of Iraq, Saudi Arabia and Kuwait made the announcement following a meeting between the exporters on December 22, 2013. “The market is in fear of a shortage of oil,” said Ali al-Naimi, the oil minister

Cabot Oil & Gas to Sell LNG to Japan; Marcellus Production hits 1.5 Bcf/d

December 19, 2013

Cabot Oil & Gas Corporation (ticker: COG), headquartered in Houston, Texas, is a leading independent natural gas producer, with its entire resource base located in the continental United States. The company’s predominate growth asset is the Marcellus Shale in Pennsylvania which is producing more than one billion cubic feet of natural gas per day. LNG Contract with Sumitomo On December

Penn Virginia Asset Sales Continue; Proceeds from Midstream Sale Help Fund 2014 Growth Initiatives

December 17, 2013

Penn Virginia Corporation (ticker: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of oil and natural gas in various domestic onshore regions, including Texas, Oklahoma, Mississippi and Pennsylvania – however, the company expects its Eagle Ford (EF) operations to fuel its growth and transition to oil thru 2015. On December 16, 2013,

Miller Energy’s New Wells and North Fork Acquisition Ramps Up Alaska Production

December 13, 2013

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s Appalachian Basin. Miller Energy reported company revenue and production records in its Q2’14 earnings release on December 10, 2013. Year-over-year

Magnum Hunter Allocating Lion’s Share of 2014 Spending to Utica/Marcellus

December 12, 2013

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported with approximately 350,000 net acres spread across its core operating regions. 2014 Upstream CAPEX Focused on Marcellus/Utica Magnum Hunter Resources

QEP Acquires Permian Basin Assets for $950MM; Adds 264 Drilling Locations on 26,519 Net Acres

December 10, 2013

QEP Resources, Inc. (NYSE:QEP) is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily the Rockies and the Williston Basin) and the Southern Region (primarily Oklahoma, the Texas Panhandle, and Louisiana) of the United States. Since its spinoff from the regulated utility Questar Corporation in 2010, QEP Resources

Barclays Estimates Global E&P Spending to Set Record in 2014; Horizontal Drilling in the Permian Pace North American Growth

December 10, 2013

Global exploration and production spending is poised to reach $723 billion in 2014, according to a 2014 Global E&P Spending Report by Barclays on December 9, 2013. The record will mark the first time spending has eclipsed the $700 billion mark, and represents an increase of 6.1% in regards to 2013’s total of $682 billion. Barclays estimates the United States

Magellan Petroleum’s CO2 Injection Program Highlights Operations in the Williston Basin

December 10, 2013

Magellan Petroleum Corporation(ticker: MPET) is an independent oil and gas exploration and production company with assets in the US, Australia, and the UK. The Company is primarily focused on the development of a CO2-enhanced oil recovery (CO2-EOR) program at Poplar Dome in eastern Montana. The Poplar, acquired by Magellan in 2009, is the largest geologic structure in the western Williston

Unit Corporation’s Reserve Base and Midstream Productivity Highlight 2013 Analyst Day

December 6, 2013

Unit Corporation (ticker: UNT) is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and natural gas wells, and the gathering and processing of natural gas. The company is celebrating its 50th Anniversary in 2013.

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