Resolute Energy Corp. (ticker: REN) is engaged in the acquisition, development and production of onshore domestic hydrocarbons, principally crude oil. Resolute’s producing assets are the Aneth Field in the Paradox Basin of Utah and Hilight Field in the Powder River Basin of Wyoming, in the Permian Basin of West Texas and in the Bakken trend in the Williston Basin of
Gary Evans, Chairman and CEO of Magnum Hunter Resources appeared on Bloomberg’s Taking Stock to discuss the benefits of the Keystone pipeline, U.S. production growth driven by plays like the Bakken and Marcellus/Utica, as well as the company’s recent share price appreciation. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty
Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome assets in eastern Montana is its primary focus. Magellan’s U.K. properties are onshore and include the Weald and Wessex Basins prospective for unconventional
Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with primary assets in Venezuela, exploration assets in Indonesia, West Africa and China. On December 16, 2013, Harvest Natural Resources confirmed it had closed the first phase of a two-phase process to sell its assets in Venezuela and received $125 million ($122 million net), as
According to the Associated Press, The Department of Environmental Conservation has drafted regulations that will allow the buildout of LNG truck-fueling stations and other types of LNG storage plants. The agency expects the plans to be finalized by early next year and estimates about 21 fueling stations will be built over the next five years. LNG has become an increasingly
ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last two years, ERHC has acquired exploration blocks in Chad and Kenya to complement its existing offshore blocks in the Joint Development Zone offshore São Tome and Principé. On November 22, 2013, Tullow Oil (ticker: TLW) announced the Agete-1
Jerry Brown, the Democratic Governor of California, signed a bill on September 11, 2013, enacting strict measures on hydraulic fracturing in the state. The bill, which he describes as “the most comprehensive of any in the country,” requires drilling companies to extensively disclosure fracing materials and processes. Known as SB 4, requirements will go into effect on January 1, 2015.
Petróleo Brasileiro S.A., or Petrobras (ticker: PBR), is the state-run oil company of Brazil and has operations in 24 countries across five continents. It is the largest producer in South America and participates in E&P, refining, trade, transportation, petrochemicals, oil distribution, electricity, biofuels, and sources of renewable energy. PBR celebrated its 60th anniversary on October 3, 2013. On October 21,
Occidental Petroleum Corporation (ticker: OXY) is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy is one of the largest U.S. oil and gas companies, based on equity market capitalization. On October 18, 2013, Occidental Petroleum announced initial actions, per its strategic review, to streamline and
Means of energy acquisition in Europe is a common topic, but the popularity of the subject has increased in recent years due to the United States shale boom. Fracture stimulation operations has spurred tremendous energy growth in the U.S. backed by glowing reports claiming the country will surpass Russia as the top oil producer, become a net gas exporter by
On September 28, 2013, the state of California approved a bill that will spend $20 million per year on hydrogen fuel stations until 2024. The measure, labeled Assembly Bill 8 (AB8), will commence until 100 fuel stations are constructed. Only 227 hydrogen-fueled vehicles are currently in the state, and the bill funding will come from California residents through “smog abatement”
Oil production alone has risen 34% since 2005, and the US continues to be the world’s chief producer of natural gas. Despite the surge in hydrocarbon resources, the coal industry is suffering. The vast natural gas supply unlocked by hydraulic fracturing and horizontal drilling has pushed prices below $4.00 per MMbtu. The low price of natural gas has made it
