Offshore

Energy XXI Reports Expanded Reserve Base; New Subsalt Opportunities Complement Horizontal Drilling; 2014 Forecast – Up!

Energy XXI Reports Expanded Reserve Base; New Subsalt Opportunities Complement Horizontal Drilling; 2014 Forecast – Up!

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company has implemented an “acquire and exploit” growth strategy to build a …

August 23, 2013 - 4:03 pm

New Executive Interviews from EnerCom’s The Oil & Gas Conference® 18 Now Posted

EnerCom, Inc. today posted video interviews with executives on Oil & Gas 360®, the company’s one-stop source of oil and gas news, information and analysis from the professionals at EnerCom, Inc.

The interview series conducted at EnerCom’s The Oil & …

August 21, 2013 - 6:15 pm

U.S. and Mexico to Jointly Develop Gulf of Mexico

An agreement between the U.S. and Mexico is prompting U.S. oil and gas offshore operators in the Gulf of Mexico to brush up on their Spanish.

The passage of H.R. 1613 in the U.S. House of Representative is expected to …

July 3, 2013 - 11:44 am
Saratoga Resources Going Horizontal on the Gulf of Mexico Shelf

Saratoga Resources Going Horizontal on the Gulf of Mexico Shelf

Saratoga Resources Inc. (ticker: SARA) is an oil and gas exploration and production company concentrating on abundant, low-risk drilling opportunities located in the transition zone off the coast of Louisiana. In some places, including the company’s Grand Bay field, approximately …

July 2, 2013 - 1:00 pm
Afren Makes Discovery Offshore Nigeria – Prospective Resources Exceed Expectations

Afren Makes Discovery Offshore Nigeria – Prospective Resources Exceed Expectations

Afren Plc (ticker: AFR) and Lekoil (ticker: LEK) jointly announced a major discovery of significant light oil accumulation at the Ogo-1 well located on the OPL 310 license offshore Nigeria. Today’s discovery confirms the extension of the same Cretaceous sandstones …

June 27, 2013 - 4:46 pm

New Executive Interviews from EnerCom's London Oil & Gas Conference™ 5 Now Posted

EnerCom, Inc. today posted video interviews with executives on Oil & Gas 360®, the company’s one-stop source of oil and gas news, information and analysis from the professionals at EnerCom, Inc. The interview series conducted in London at EnerCom’s London …

June 24, 2013 - 10:12 am

Callon Petroleum Marketing Last Remaining Deepwater Asset

Callon Petroleum (ticker: CPE) is engaged in the acquisition, development, exploration and operation of oil and gas properties in Texas, Louisiana and the offshore waters of the Gulf of Mexico. In 2009, Callon began a strategic initiative to diversify its …

April 30, 2013 - 5:41 pm

Crude Oil Cuttings (Week Ended 4/12/13)

CRUDE OIL INVENTORY/’000 bbls 

Current: 387,641
Actual Build/(Withdrawal): (1,233)
Economist Average Estimate: 1,082
Previous: 388,874

Click here for the chart with five year averages.

IN CASE YOU MISSED IT

*VIDEO: U.S. Need for Oil Is `Shrinking,’ Petrie Says – Bloomberg

April 17, 2013 - 10:52 am

Energy XXI CEO John Schiller on CNBC's Mad Money

Energy XXI’s Chairman and CEO John Schiller appeared on CNBC’s Mad Money to talk about the disconnect between WTI and Brent crude oil prices, EXXI’s joint venture with Apache to explore the Gulf of Mexico shelf, and the company’s strategy …

April 16, 2013 - 11:57 am
Central Gulf of Mexico Lease Sale – Come on in, the Water is Fine!

Central Gulf of Mexico Lease Sale – Come on in, the Water is Fine!

The Bureau of Ocean Energy Management (BOEMRE) held its Central Gulf of Mexico lease sale on March 20, 2013, generating $1.2 billion for the U.S. government.  Approximately 52 companies submitted 407 bids on 320 tracts off the coasts of Louisiana, …

March 21, 2013 - 5:14 pm
Saratoga Resources and Energy XXI Host Third Annual Reception for Louisiana Governor Bobby Jindal

Saratoga Resources and Energy XXI Host Third Annual Reception for Louisiana Governor Bobby Jindal

Saratoga Resources, Inc. (ticker: SARA) and Energy XXI (ticker: EXXI) will host a third annual reception for Louisiana Governor Bobby Jindal at the Windsor Court Hotel in New Orleans on Wednesday, March 27, 2013 (6:00-8:00 pm CDT). Saratoga and Energy …

March 13, 2013 - 3:53 pm

EnerCom's Oil & Gas 360 Reports Updated (As of September 30, 2012)

EnerCom’s 360 Reports offer a quick look at the operational and financial performance highlights of E&P and Oilservice companies. The reports include data on the prior four financial reporting periods (either quarterly or semi-annual) as well as annual data on …

December 18, 2012 - 10:21 pm
EIA Provides a Glimpse of 2013 Annual Energy Outlook to 2040

EIA Provides a Glimpse of 2013 Annual Energy Outlook to 2040

EIA’s Annual Energy Outlook (AEO) Early Release report was published on December 5, 2012, as a teaser to its full report to be published in the spring of 2013.  Nonetheless, the energy trends brought forth in the report were illuminating …

December 7, 2012 - 3:12 pm

Harvest Natural Resources, Inc Not Sitting Back and Waiting

On October 12, 2012, Harvest Natural Resources, Inc. (ticker: HNR) announced its sale of $79.8 million aggregate principal amount of 11% senior unsecured notes due October 11, 2014, and warrants to purchase up to 686,761 shares of its common …

October 19, 2012 - 10:17 pm

Gulf of Mexico M&A Surging

According to Credit Suisse’s September 2012 research report titled “Oil: Fundamentals & US Oil Production Outlook,” U.S. Gulf of Mexico (GOM) production could increase by 700,000 barrels per day between 2012 and 2018.

Super majors have long since realized the …

September 18, 2012 - 8:19 pm

A View on Offshore Namibia Exploration

Paul Welch, Chief Executive Officer – Chariot Oil & Gas (OIGLF)



Paul has extensive oil and gas industry experience having worked for Shell International for 12 years, followed by a further eleven years with independent companies, most recently with Hunt …

September 14, 2012 - 3:40 pm

PXP Goes Deep Purchasing $6.1 Billion of Gulf of Mexico Producing Properties

In two separate transactions, Plains Exploration and Production (ticker: PXP) purchased approximately 67,000 BOEPD (combined 84% oil and NGLs) of Gulf of Mexico production for $6.1 billion. The largest chunk, 59,500 BOEPD, was purchased for $5.5 billion from BP (ticker: …

September 10, 2012 - 10:23 pm

Balance Sheet Bingo: Harvest Announces Common Stock Exchange Agreements and Possible Notes Offering

Harvest Natural Resources, Inc. (HNR) recently announced two agreements to exchange common stock for outstanding senior notes and announced it is considering offering $75 million in new senior notes.

Under the terms of the exchange agreement, $4,651,000 of …

August 23, 2012 - 3:13 pm

HNR Harvests Venezuela for $725 Million

Harvest Natural Resources (ticker: HNR) is an oil and gas exploration company headquartered in Houston, Texas with exploration projects in Indonesia, Gabon, Oman and producing assets in Venezuela. On June 21, 2012 the company announced it had sold its 32% …

June 21, 2012 - 2:41 am

Energy XXI Reports Fiscal Q3'12 Results; Reinstates Dividend Program

Energy XXI (NASDAQ: EXXI) announced fiscal Q3’12 operating and financial results for period ended March 31, 2012. The company reported fiscal Q3’12 net income of $82.5 million, or earnings per share of $1.04, compared to fiscal Q3’11 net income of …

May 7, 2012 - 3:11 pm
ATP Oil & Gas Drilling for Natural Gas Elephants: Shimshon Well Offshore Israel Could Hold 2.3 Tcf

ATP Oil & Gas Drilling for Natural Gas Elephants: Shimshon Well Offshore Israel Could Hold 2.3 Tcf

ATP Oil & Gas Corporation (NASDAQ: ATPG) initiated drilling the Shimshon well in the Levant Basin of offshore Israel. The Shimshon well (ATPG is the operator with a 40% WI) is in 3,622 feet of water with a target formation …

May 1, 2012 - 7:00 pm

VIDEO: Energy XXI Chairman and CEO John Schiller on Mad Money with Jim Cramer

On April 10, 2012, John Schiller, chairman and chief executive officer at Energy XXI (NASDAQ: EXXI) was interviewed on CNBC’s Mad Money with Jim Cramer.

In an exclusive interview on the show’s Executive Decision segment, John highlights:

  • EXXI’s realized oil
April 11, 2012 - 3:17 pm
Loaded with Catalysts in 2012: ATP Oil & Gas Drilling the Deepwater Gulf of Mexico and Offshore Israel

Loaded with Catalysts in 2012: ATP Oil & Gas Drilling the Deepwater Gulf of Mexico and Offshore Israel

ATP Oil & Gas Corporation (NASDAQ: ATPG) is engaged in the acquisition, development and production of oil and natural gas in the Gulf of Mexico, North Sea and more recently the Mediterranean Sea. The primary near-term catalysts for the company …

March 7, 2012 - 9:57 pm

Acquire and Exploit Isn't All They Can Do: Energy XXI Updates Gulf of Mexico Shelf Operations; Organic Drilling Efforts Help EXXI Hit Production Goals

During the last six years, Energy XXI (NASDAQ:EXXI) has completed five major acquisitions, making EXXI the third largest producer on the Gulf of Mexico shelf. The company’s historic core strategy is to acquire and exploit producing oil properties; however, more …

February 27, 2012 - 3:25 pm
Harvest Natural Resources Reports Oman Operations Right on Schedule

Harvest Natural Resources Reports Oman Operations Right on Schedule

Harvest Natural Resources (ticker: HNR) reported it had commenced drilling the Mafraq South-A (MFS-A) exploration well onshore Oman, the first of a two-well exploratory program. HNR also announced that the mean prospective resources for the targeted south segment total 1.25 …

November 2, 2011 - 5:35 pm

Deeper Well Test in Gabon Yield Positive Results for Harvest

On July 21, 2011 Harvest Natural Resources (ticker: HNR) provided an update on the progress of its exploration program offshore Gabon.

With efforts to test deeper zones at its Ruche discovery announced in June 2011 offshore Gabon, Harvest announced that …

July 22, 2011 - 5:39 pm