Energy News

Samson Oil & Gas Advisory – Month-over-Month Production Increased 47% in February 2015

Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN):

TOTAL COMPANY PRODUCTION

Samson’s net monthly production for the last five months is as follows;

October November December January February
OIL, BO 6,591 17,619 18,906 15,221 22,590
GAS, MCF 11,861
March 17, 2015 - 6:29 pm Energy News

Breitling Energy Corporation Announces Hunton Acquisition

Breitling Energy Corporation (BECC) (the “Company”) announced that on March 10, 2015, the Company completed an acquisition of certain non-operated working interests in the Hunton play of northwestern Oklahoma. This extends the Company’s plan to acquire strategic assets …

March 17, 2015 - 6:26 pm Energy News
Oilservice Sector Shouldering the Burden of Oil Patch Layoffs

Oilservice Sector Shouldering the Burden of Oil Patch Layoffs

Forbes reports nearly 74,000 oil workers have been laid off since spot prices plummeted in Q4’14, with 58,624 (or nearly 80%) of the workers coming from the oil service side. Major companies like Schlumberger, Baker Hughes, Pemex, Weatherford and Halliburton …

EnLink Midstream Completes Acquisition of Coronado Midstream

March 16, 2015 - 7:15 pm Energy News

Shell pulls back from shale in South Africa

Story by Reuters

Royal Dutch Shell is pulling back from its shale projects in South Africa due to lower energy prices and delays in obtaining an exploration license for the onshore Karoo Basin, it said on Monday.

A more than …

March 16, 2015 - 6:09 pm Energy News

GE invests $100 million into Saudi Arabia technology research initiatives

Story by Oil & Gas Technology

GE has announced USD 100m in new programmes that will further the company’s localisation efforts, build innovation capacity, and create jobs in advanced manufacturing and software analytics

This new investment adds to GE’s USD
March 16, 2015 - 6:05 pm Energy News

VAALCO Energy Announces Fourth Quarter And Full-Year 2014 Results

VAALCO Energy, Inc. (EGY) today reported results for the fourth quarter and full-year 2014.

For the 2014 fourth quarter, VAALCO reported Adjusted Net Income of $9 thousand, or $0.00 per diluted share. Adjusted Net Income excludes a $98.3 …

March 16, 2015 - 5:58 pm Energy News

Alberta’s largest natural gas-fueled power facility now operational

Story by PennEnergy

ENMAX Corporation and Capital Power Corporation (TSX: CPX) have announced that the Shepard Energy Center (Shepard) located in east Calgary is now fully operational and capable of generating over 800 megawatts (MW) of electricity to the …

March 13, 2015 - 7:07 pm Energy News

Breitling Energy Corporation Announces Spud of Sellers ‘66’ #1

Breitling Energy Corporation (OTCBB: BECC) announces its third well under the previously announced Farmout Agreement in the Permian Basin of west Texas spud yesterday. The Sellers ‘66’ #1 is expected to be drilled to a depth of approximately 8,600 vertical …

March 12, 2015 - 7:05 pm Energy News

RBC Economics cuts Cdn. growth forecast; blames drop in oil prices

Story by The Canadian Press

RBC Economics has downgraded its latest forecast for the Canadian economy in 2015 after a sharp drop in energy prices.

The bank projects Canada’s real GDP to grow by 2.4 per cent this year — …

March 12, 2015 - 7:02 pm Energy News

Helmerich & Payne, Inc. Announces Pricing of $500 Million Offering of 4.65% Senior Notes Due 2025

Helmerich & Payne, Inc. (HP) (the “Company”) announced today that its wholly owned subsidiary Helmerich & Payne International Drilling Co. (“Helmerich & Payne International Drilling”) has priced its previously announced private offering of $500 million aggregate principal amount …

March 12, 2015 - 6:38 pm Energy News

Union says tentative deal reached to end U.S. refinery strike

Story by Reuters

The United Steelworkers union and oil companies have reached a tentative deal to end the largest U.S. refinery strike in 35 years, the labor group and people familiar with the negotiations said on Thursday.

The new agreement …

March 12, 2015 - 6:37 pm Energy News

Malaysia’s Petronas Raises $5 Billion Via Bond Issue

Story by The Wall Street Journal

Investors snapped up $5 billion of bonds from Malaysia’s state-owned oil giant to record Asia’s biggest debt offering so far this year, reflecting the continued hunt for high yields in emerging markets even as …

March 12, 2015 - 10:59 am Energy News

Reuters: ConocoPhillips calls off $2.1 bln Norwegian North Sea project

Reuters Report

Oil major ConocoPhillips has decided to cancel its 17 billion crown ($2.1 billion) Tommeliten Alpha gas and condensate development in the Norwegian sector of the North Sea, Stavanger Aftenblad reported on Wednesday.

Discovered in 1977 and dormant for …

March 11, 2015 - 6:11 pm Energy News

Brazil shareholders group question Petrobras business model

Story by Reuters

Shareholders, management and regulators need to reassess the business model that drove Brazil’s state-controlled oil company Petróleo Brasileiro SA to lose hundreds of billions of dollars in market value in nearly six years, minority shareholder association Amec …

March 11, 2015 - 6:09 pm Energy News

Baytex Announces $500 Million Bought Deal Financing

Baytex Energy Corp. (“Baytex”) (BTE) (BTE) announces that it has entered into an agreement to sell 28,820,000 common shares (“Common Shares”) at $17.35 per share (the “Offering Price”) to raise gross proceeds of approximately $500 million …

March 11, 2015 - 6:07 pm Energy News

PetroQuest Energy Announces Public Offering Of 10,000,000 Shares Of Common Stock

PetroQuest Energy, Inc. (“PetroQuest” or the “Company”) (PQ) announced today that it has commenced, subject to market conditions, an underwritten public offering of 10,000,000 shares of its common stock.  The Company has granted the underwriters a 30-day option …

March 11, 2015 - 6:02 pm Energy News

Bellatrix announces amendments to its bank credit facilities

Bellatrix Exploration Ltd. (“Bellatrix” or the “Company”) (TSX, NYSE: BXE) is pleased to announce that its syndicate of lenders, led by National Bank Financial as Sole Lead Arranger and Book Runner and National Bank of Canada as Administrative Agent, has …

March 11, 2015 - 6:01 pm Energy News

Boardwalk Prices Additional $250 Million Offering Of Senior Notes

HOUSTON, March 10, 2015 /PRNewswire/ — Boardwalk Pipeline Partners, LP (BWP) today announced that its wholly-owned subsidiary, Boardwalk Pipelines, LP (“Boardwalk”), has priced a public offering of an additional $250 million aggregate principal amount of its 4.95% senior …

March 10, 2015 - 7:03 pm Energy News

ONEOK Partners Announces Revolving Credit Facility Increase

TULSA, Okla., March 10, 2015 /PRNewswire/ — ONEOK Partners, L.P. (OKS) today announced it has expanded its lender group and increased the commitments under its revolving credit facility to $2.4 billion from $1.7 billion.

The partnership’s lenders, a …

March 10, 2015 - 7:02 pm Energy News

EQT to Sell West Virginia Gathering System for $1 Billion

EQT Corporation (EQT) (EQT) announced that EQT Midstream Partners, LP (EQM) has agreed to acquire its Northern West Virginia Marcellus Gathering System, along with a preferred interest in an EQT subsidiary, for $1.05 billion. EQT will …

March 10, 2015 - 7:01 pm Energy News

Verisk Analytics to Acquire Wood Mackenzie for $2.8 Billion

Story by The Oil & Gas Journal

Verisk Analytics Inc. (Nasdaq: VRSK), a data analytics provider, has signed a definitive agreement to acquire Wood Mackenzie from private equity investment firm Hellman & Friedman and other Wood Mackenzie shareholders. Wood Mackenzie …

March 10, 2015 - 6:57 pm Energy News

Rosetta Resources Inc. Announces Public Offering of Common Stock

Rosetta Resources Inc. (ROSE) (the “Company”) announced today it intends to commence an underwritten public offering of 12,000,000 shares of the Company’s common stock. The Company intends to use the net proceeds from this offering to repay outstanding …

March 9, 2015 - 7:06 pm Energy News

Calumet Specialty Products Partners, L.P. Announces Public Offering of Common Units

Calumet Specialty Products Partners, L.P. (CLMT) (“Calumet”) announced today the commencement, subject to market conditions, of an underwritten public offering of 6,000,000 common units. Calumet also intends to grant the underwriters the option to purchase up to 900,000 …

March 9, 2015 - 7:04 pm Energy News

Enbridge Energy Partners, L.P. Announces Public Offering of Class A Common Units

Enbridge Energy Partners, L.P. (NYSE: EEP) (“Enbridge Partners” or the “Partnership”) announced today it has commenced, subject to market conditions, an underwritten public offering of 8 million of its Class A Common Units representing limited partner interests. The Partnership is …

March 9, 2015 - 6:59 pm Energy News

Callon Petroleum Company Announces Common Stock Offering

Callon Petroleum Company (CPE) (“Callon” or the “Company”) today announced that it has commenced, subject to market and other conditions, an underwritten public offering of 9,000,000 shares of its common stock. The underwriter will have an option to …

March 9, 2015 - 6:57 pm Energy News
Earthstone Energy, Inc. Reports 2014 Year-End Proved Reserves and Provides Operations Update and 2015 Guidance

Earthstone Energy, Inc. Reports 2014 Year-End Proved Reserves and Provides Operations Update and 2015 Guidance

Proved Reserves Increase 95% with Oil Reserves Increasing 126% and Proved Developed Reserves Increasing 165%

HOUSTON, TX / ACCESSWIRE / March 9, 2015 / Earthstone Energy, Inc. (NYSE MKT: ESTE) (“Earthstone” or the “Company”) today reported 2014 year-end proved reserves …

March 9, 2015 - 6:51 pm Energy News

Crestwood Midstream Announces Offering of $700 Million Senior Notes

Crestwood Midstream Partners LP (NYSE:CMLP) (“Crestwood Midstream”) announced today its intention, subject to market and other conditions, to offer $700 million in aggregate principal amount of unsecured Senior Notes due 2023 (the “Notes”) in a private offering that is exempt
March 9, 2015 - 6:45 pm Energy News
Energy Transfer Partners Announces Pricing of $2.5 Billion of Senior Notes

Energy Transfer Partners Announces Pricing of $2.5 Billion of Senior Notes

Energy Transfer Partners, L.P. (NYSE: ETP) today announced the pricing of $1.0 billion aggregate principal amount of its 4.050% senior notes due 2025, $500 million aggregate principal amount of its 4.900% senior notes due 2035 and $1.0 billion aggregate principal …

March 6, 2015 - 5:43 pm Energy News

Sanchez Production Partners: Conversion from Limited Liability Company to Limited Partnership Complete

Pursuant to the Plan of Conversion filed with the Securities and Exchange Commission (SEC), and upon obtaining approval from all classes of unitholders taken at a special meeting of unitholders held on March 6, 2015, Sanchez Production Partners (NYSE MKT: …

March 6, 2015 - 5:39 pm Energy News