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, Alabama and Mississippi. The tracts, covering more than 1.7 million acres and are in water depths of nine to more
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 XXI will be joined by a number of co-hosts, including W & T Offshore (ticker: WTI), Cox Oil, Alta Mesa Holdings
CAMAC Energy Inc (ticker: CAK) is a Houston-headquartered oil and natural gas company exploring the vast onshore and offshore basins of East and West Africa. Offshore Nigeria, CAK currently produces from the Oyo Oilfield on block OML 120 with additional prospects on block OML 121. Production from Oyo generates cash for reinvestment in CAK’s other exploration and development programs offshore
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 reserves and production, all in one concise document. BPZ Energy Callon Petroleum CARBO Ceramics Core Lab Dawson Geophysical Energy XXI
ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last year, ERHC has acquired additional exploration blocks in Chad and Kenya to complement its existing offshore blocks in the Joint Development Zone offshore São Tome and Principé. During October 2012, ERHC received formal shareholder approval to increase the
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 and thought-provoking. A few key highlights from the report: Domestic U.S. oil production is expected to peak at an average
Callon Petroleum Co (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. At the time of this writing, CPE had a market capitalization of approximately$184 million. In 2009, Callon began a strategic initiative to diversify its operations from strictly offshore Gulf
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 stock with an exercise price of $10.00 per share. Net cash proceeds were approximately $63.2 million. With $28.7 million of cash
Roberto Monteiro – Chief Financial Officer, OGX Petroleo e Gas Participacoes SA (OGXPY) Roberto Monteiro, new CFO and Investor Relations Officer of OGX was previously the Chief Financial Officer and Investor Relations Officer of OSX Brasil S.A., since 2009. From 1999 to 2009 Mr. Monteiro worked in América Latina Logísitca – ALL, where he served as Financial Manager – Brazil, Chief Financial Officer
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 future oil potential within the Gulf of Mexico. The long lead times and huge amount of capital required to drill
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 Oil and Pioneer Natural Resources prior to joining Chariot Oil & Gas in October of 2009. Paul is an engineer
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: BP). The remaining 7,400 BOEPD was purchased from Shell (ticker: RDS.B) for $560 million. PXP News Release BP News Release
