Wednesday, June 10, 2026

Comstock Resources, Inc. Adds to Haynesville Inventory

Comstock Resources, Inc. (“Comstock” or the “Company”) (CRK) announced today that it has completed an acreage swap with another operator which increases the Company`s Haynesville Shale drilling inventory.  The swap is an equal exchange and therefore will require no cash outflows from Comstock.  The additional acreage expands Comstock`s inventory of extended reach lateral locations in its core Haynesville Shale play

Halliburton Announces Fourth Quarter Income from Continuing Operations of $0.31 Per Diluted Share, Excluding Special Items

Halliburton Company (HAL) announced today that income from continuing operations for the fourth quarter of 2015 was $270 million, or $0.31 per diluted share, excluding special items. This compares to income from continuing operations for the third quarter of 2015 of $265 million, or $0.31 per diluted share, excluding special items. Adjusted operating income was $473 million in the fourth

Vanguard Natural Resources Announces Early Tender Results for Previously Announced Offer to Exchange Any and All Outstanding Senior Notes Due 2020 for New Senior Secured Second Lien Notes Due 2023

Vanguard Natural Resources, LLC (VNR) (“Vanguard”) and VNR Finance Corp., a wholly owned subsidiary of Vanguard (“VNR Finance,” and together with Vanguard, the “Issuers”), today announced the early tender results of their previously announced private exchange offer (the “Exchange Offer”) to certain eligible holders of their outstanding 7.875% Senior Notes due 2020 (the “Existing Notes”) to exchange Existing Notes for

Sanchez Energy Amends Credit Facility Agreement Elected Commitment Remains at $300 Million and Provides for Second Lien Capacity

Sanchez Energy Corporation (SN) (“Sanchez Energy,” the “Company,” “we,” “our,” “us,” or similar terms), today announced that it has amended the terms under its $1.5 billion first lien revolving credit facility, effective immediately. The amendment allows for the incurrence of second lien debt not to exceed $400 million plus any principal representing payment of interest in kind. The borrowing base is reduced

Largest Natural Gas Draw of the Season Can’t Outpace Builds

Natural gas draw of 178 Bcf for the week ended January 15 The Energy Information Administration (EIA) released its natural gas data for the week ended January 15, showing a draw of 178 Bcf, bringing gas-in-storage levels to 3,297 Bcf. Despite the draw last week, natural gas storage remains 660 Bcf higher than the same time last year. The week’s

China

China’s Teapot Refiners Under Scrutiny after Cancelling Import Deal

More than $50 million of crude destined for Chinese teapot refiners rerouted China is making a push to open its markets to competition and increase its crude oil refining capacity by allowing smaller “teapot” refiners to handle 1.5 MMBOBP of crude oil, about one-fifth of the country’s refining needs. It is hoped that that teapot refiners, called such because of

Oil Prices

Rigs Dip Below 650 While Oil Enjoys a 5-Day V-Shaped Recovery

U.S. rig counts continue their downward trend The U.S. rig count has either decreased or remained unchanged for 22 consecutive weeks now. According to information released from Baker Hughes (ticker: BHI) the U.S. rig count fell by 13 in the week ended January 22, 2016, to 637. This is the first time since the week ended August 20, 1999, that

Hefty maintenance schedule looms for Canada oil sands producers

From The Globe and Mail Canada’s biggest oil sands producers, which have stubbornly resisted halting output even as the price of their crude hits record lows, are planning a higher-than-normal maintenance schedule this year. The move is seen temporarily curbing supply in the second and third quarters, which should lift crude prices in the region and give producers a respite

Schlumberger: “Significant Recovery” will not occur Until 2017

Thwarted by Oil Market, SLB Posts first Quarterly Loss in More than a Decade Fourth quarter earnings season is officially underway, and, expectedly, Schlumberger (ticker: SLB) opened up the forum with a not-so-pleasant outlook on the oil and gas market. Paal Kibsgaard, Chairman and Chief Executive Officer of the world’s largest oilservice company, essentially echoed all of the problems that

EnerCom Inc. Oil & Gas 360

Manitok Energy Provides Update on its Brokered Private Placement of Up to $20 Million

January 21, 2016, Calgary, Alberta – Manitok Energy Inc. (“Manitok” or the “Corporation“) (TSX-V: MEI) is pleased to provide an update in connection with its best-efforts private placement offering with a minimum of $10,000,000 and a maximum of $20,000,000 (the “Offering“). Manitok anticipates that it will close its second tranche of the Offering on or about January 26, 2016. Upon

Valero Energy Corporation Increases Regular Cash Dividend by 20 Percent

The Board of Directors of Valero Energy Corporation (NYSE: VLO, “Valero”) has approved an increase in the company’s regular quarterly cash dividend on common stock from $0.50 per share to $0.60 per share, effective with the quarterly dividend the Board has declared to be payable on March 3, 2016 to holders of record at the close of business on February

Eclipse Resources Reports Proved Reserves and Impairment Charge

Eclipse Resources Corporation (ECR) (the “Company”) today announced proved reserves at December 31, 2015 were 348.8 Bcfe, a less than 2% decrease compared to proved reserves at December 31, 2014 of 355.8 Bcfe, in each case assuming ethane rejection on operated properties with a 30% contractual recovery. Year-end 2015 proved reserves were approximately 79% operated by the Company, 79% proved