The oil and gas industry may be bracing for a downturn in drilling operations, but Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) are entering 2015 on the heels of one …
Canadian Premier for Alberta, Jim Prentice, and the Canadian minister for natural resources, Greg Rickford, were both in Texas last Friday celebrating the opening of …
Raising capital to fund North American energy …
Oil & Gas 360® interviewed Stephens Inc. Senior Vice President E&P Research, Will Green, and Vice President E&P Research, Ben Wyatt, this week, in pursuit of their view of the current commodities …
Production in the Permian Basin was impacted this last week due to freezing rain and temperatures dropping into single digits, according to news releases from Energen (ticker: EGN)…
Down more than 50% Year to DateOil and gas companies are tightening the purse strings for 2015, as several news releases on guidance are showing capex declines of 20% or more. Commodity hedges may protect most companies from further …
Rice Energy (ticker: RICE), an independent E&P focused purely in the Appalachia, commenced an initial public offering (IPO) for its midstream unit on December 17, 2014. Rice Midstream Partners LP will trade on the New York Stock Exchange under the …
At last week’s 2014 Energy Symposium hosted by Wells Fargo Securities at the Waldorf Astoria, the sentiment expressed by the energy companies was far different from what had been …
In a two sentence release from the company today, Enterprise Products Partners (ticker: EPD) announced that it would not be moving forward with its …
Infrastructure in the Permian is about to receive a boost from Lone Star NGL, a joint venture between Energy Transfer Partners (ticker: ETP) and Regency Energy Partners (ticker: RGP).
The two companies have approved the construction of the Lone Star …
While TransCanada’s $8 billion project hangs in the balance, Canadian oil is already moving south
The landslide Republican victory in this month’s midterm elections will prompt changes in the business of politics and in the U.S. economy, but will they …
Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) have begun preliminary talks of a merger, Dow Jones reported on November 13, 2014. BHI confirmed the report later in the evening but did not make any guarantees as to the completion …
Enbridge Energy’s (ticker: ENB) Alberta Clipper pipeline (Line 67) is the focus of a new federal lawsuit, filed Tuesday. The pipeline, which runs from Edmonton, Alberta, to Superior, Minnesota, currently carries 450,000 BOD across the U.S.-Canadian border, but Enbridge would …
Unit Corporation (ticker: UNT) is a diversified energy company with three business segments focused on upstream, midstream and drilling operations. The company celebrated its 50th Anniversary in 2013 and is projecting year-over-year growth of 9% to 10% in 2014, with …
After the Republican victories in the mid-term elections, many are now talking about the likely approval of the long awaited Keystone XL Pipeline. The pipeline, which would stretch 1,179 miles from Hardisty, Alberta to Steele City, Nebraska, has been in …
What will a Republican House and Senate do for the Keystone XL pipeline and crude oil exports ?
The results of the mid-term elections have placed both houses of Congress under Republican control, and the market seems to be responding …
Innovation: small electric generators will use bottled up Marcellus gas for distributed electricity; small scale GTL plant for Houston gets greenlight to turn natural gas and ethane into transportation fuel
Pennsylvania’s IMG Midstream L.L.C. plans to supply the Marcellus shale …
Joint venture will double mainline capacity to 600,000 BOPD and add new deepwater marine terminal.
Plains All American Pipeline, L.P. (ticker: PAA) and Enterprise Products Partners L.P. (ticker: EPD) will construct a new condensate gathering system into their Three Rivers …
Henry Hub Transfers Ownership
The EnLink Midstream companies, EnLink Midstream Partners, LP (ticker:ENLK) and EnLink Midstream, LLC (ticker:ENLC) completed a $235 million deal agreement with Chevron Pipe Line Company and Chevron Midstream Pipelines LLC (ticker:CVX) for three different natural gas …
Moscow insists on payment up front
Late last week, the EU, Russia and Ukraine struck a long awaited deal to supply Russian gas to Ukraine and Europe this winter.
“EU officials said both Russia and Ukraine had bargained hard for …
Re-exporting Canadian Oil through U.S.
According to an Energy Information Administration (EIA) report released October 31, crude oil exports reached their highest levels in 57 years in July. The EIA reported that the United States exported 401,000 BOPD in July, …
TULSA, Okla., Oct. 30, 2014 /PRNewswire/ — ONEOK Partners, L.P. (NYSE: OKS)
The month of September was one for the record books for Magnum Hunter Resources (ticker: MHR). The Marcellus/Utica E&P reported initial production of 46.5 MMcf on its Stewart Winland 1300U well – the highest flow rate of any well to …
On Sunday, October 19, 2014, Tesoro Logistics (ticker: TLLP) announced the acquisition of QEP Field Services in a deal equaling $2.5 billion. TLLP also acquires a 58% working interest in QEP Midstream Partners (ticker: QEPM), a wholly owned natural gas …
Commodities prices are becoming top-of-mind around the globe. November contract West Texas Intermediate crude closed today at $87.34. Brent closed at $91.74, according to Bloomberg. Earlier in the day Oil & Gas 360® spoke to Jason Wangler, Wunderlich …
Overall, 29% of all rigs in the United States are running in the Permian
Infrastructure constraints. Spot prices trading at a considerable discount to Cushing. Questions about the longevity of the oil boom.
E&Ps hear all the concerns in the …
Middle East and North Africa also on the Block
Multiple divestitures appear to be coming for Occidental Petroleum (ticker: OXY), the $75 billion (market cap) diversified oil company.
In June the company filed a Registration Statement with the SEC to …
Muskeg wells increase quarter-over-quarter production by almost 1,000 BOEPD
At EnerCom’s The Oil & Gas Conference® 19 in August, management of Strategic Oil & Gas expressed optimism about near-term catalysts for the company.
“The last two years I’ve been here, …
Bakken/Three Forks Producer Exceeds Production Guidance for Q3 by 40%
American Eagle Energy (ticker: AMZG) found a way to navigate around some backwash from last spring/early summer’s closed county roads in Divide County, North Dakota. At that time the company …
Some states have hit the jackpot with massive hydrocarbon deposits. Independent oil and gas companies have turned fossil fuels in Texas, North Dakota and Pennsylvania into economic development powerhouses. These states are among the fastest growing in the country due …
