Every Thursday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the natural gas spectrum. The theme for this week: Natural Gas and the Political Season. NATURAL GAS INVENTORY (Week Ended 9/14/12) Current: 3,496 Bcf Actual Injection/(Withdrawal): 67 Bcf Economist Average Estimate: 65 Bcf Previous: 3,429 Bcf Click here for the chart with five
Core Laboratories (NYSE: CLB) describes itself as “a leading provider of proprietary and patented reservoir description, production enhancement and reservoir management services for the global petroleum industry. These services enable the company’s clients to optimize reservoir performance and maximize hydrocarbon recovery from their producing fields. The company has over 70 offices in more than 50 countries and is located in
The U.S. Environmental Protection Agency’s (EPA) credibility is being called into question after it dropped its water contamination claims against Range Resources (NYSE: RRC) on Friday. In December 2010, EPA issued an imminent and substantial endangerment order to protect drinking water in Parker County. EPA alleged RRC was responsible for methane contamination in water wells (effecting two Parker County homes) and
In a rhetoric-filled campaign speech on March 29, President Obama sought to pit one American against another when he told members of Congress that they could “stand with big oil companies, or they can stand with the American people.” Oil & Gas 360® says: “Come on, Man! Can’t we find a way to work (stand) together?” On January 26, 2012,
BPZ Resources, Inc. (NYSE: BPZ) announced that the company entered into a $75 million senior secured credit facility with a lending syndicate led by Credit Suisse AG Cayman Islands Branch. Borrowings under the new facility are available for Block Z-1 and other commitments and expenses. Interest on the facility accrues at the London interbank rate (LIBOR) plus a margin of
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