The oil and gas industry is a cyclical business, but it also a business of trends. At last year’s The Oil & Gas Conference®, the term “sand” was mentioned repeatedly in regards to completion techniques and optimizations. The term of choice during the commodity downturn is “efficiency” as operators develop methods to generate the best bang for the buck. A
Noble Energy sites weak markets Houston-based Noble Energy (ticker: NBL) announced today that it will postpone an IPO of its wholly owned subsidiary Noble Midstream Partners, which the company planned to list on the New York Stock Exchange with the ticker NBLX. According to Noble, the company made the decision “as a result of unfavorable equity market conditions.” Noble said
Click here to download Blackbird Energy’s 2015 Annual Report Blackbird Energy Inc. (“Blackbird” or the “Company”) is pleased to announce that it has filed its audited consolidated financial statements, management’s discussion and analysis and annual information form for the year ended July 31, 2015 on SEDAR at www.sedar.com. In addition, the Company has filed on SEDAR its statements of reserves
Latest dropdown brings total transactions to $5.7 billion in just over a year Energy Transfer Partners (ticker: ETP) announced the dropdown of its remaining retail business to Sunoco LP (ticker: SUN) for total consideration of $2.226 billion. Energy Transfer Partners’ dropdown consisted of its remaining 68.42% interest in Sunoco, as well as its 100% interest in the legacy Sunoco retail
Short-term prices likely to remain low Both the Energy Information Administration (EIA) and International Energy Agency (IEA) released their most recent pricing outlooks for the energy markets today, giving a glimpse into what two of the most widely followed energy agencies see as the future of energy markets. The EIA’s Short Term Energy Outlook (STEO) forecasts prices out through 2016,
Update: Pricing Announced Callon Petroleum (ticker: CPE) upsized its stock offering one day after its original announcement, increasing the total to 12.0 million shares with a greenshoe of 1.8 million additional shares. The first round of stock offerings is expected to yield gross proceeds of approximately $100.8 million. Taking those metrics into account, the greenshoe would boost the gross proceeds to
Drilling Program Shifting to Plug-n-Perf Completions PDC Energy (ticker: PDCE) may be, generally speaking, in the early stages of its development of the Wattenberg Field. However, its rapid growth while maintaining a sturdy balance sheet can be matched by few in the industry. Only two companies in the coverage universe of Capital One Securities are in position for 35% growth
Callon reports 73% increase in year-over-year production Callon Petroleum (ticker: CPE) announced its third-quarter 2015 results yesterday, showing a year-over-year production increase of 73%, 77% oil-weighted. The company reported an adjusted EBITDA margin of about 70%, compared to 69% a year ago, in large part to lower G&A and LOE costs. The company’s total adjusted EBITDA for the quarter amounted
Sale expected to firm up Range Resource’s balance sheet Range Resources (ticker: RRC) announced yesterday that it will sell its Southern Appalachian Nora assets for a purchase price of $876 million, according to a company press release. The Nora Field produces from multiple stacked pay horizons including coal bed methane, tight gas sand and Devonian shale. According to Range, the
MLP Earnings for the Three Months Ended September 30, 2015 November 12 Alta Mesa Holdings, LP Sanchez Production Partners – NYSE MKT: SPP Shell Midstream Partners, L.P. – NYSE: SHLX November 10 American Midstream Partners, LP – NYSE: AMID AmeriGas Partners, L.P. – NYSE: APU Black Stone Minerals, L.P. – NYSE: BSM JP Energy Partners LP – NYSE: JPEP Rentech
Company Production Record in October Lonestar Resources (ticker: LNREF) announced a company production record in its Q3’15 results, and the upward volume trend is expected to continue through the end of the year. Lonestar averaged production of 6,614 BOEPD in Q3’15, representing a 14% increase sequentially, with volumes exceeding 7,500 BOEPD in the month of October alone. The October achievement
Back in November 2014, Oil & Gas 360® asked an analysts who follows the MLP space closely if MLPs were a fad. He responded, “This is like asking me if Western Civilization is a fad.” That exchange occurred on Nov. 18, 2014, nine days prior to last Thanksgiving Day’s OPEC announcement. The very one that sent the price of crude oil—along with
