Energy News

Evolution Petroleum Provides Further Detail on Operating Results for Second Quarter of Fiscal 2015

Evolution Petroleum Corporation (NYSE MKT: EPM) today reported additional detail regarding operating results for the quarter ended December 31, 2014.

Dividend on Common Stock

Last week we declared a quarterly cash dividend payable to common stock at the end of …

February 12, 2015 - 6:44 pm Energy News

PetroQuest Energy Announces Record 2014 Estimated Proved Oil And Gas Reserves And Production; Provides 2015 Production And Capital Expenditures Guidance; Updates Operating Activities And Hedging

PetroQuest Energy, Inc. (PQ) announced today that the Company ended 2014 with approximately 397 Bcfe of estimated proved oil and gas reserves having a pre-tax discounted value (“PV-10”) including hedges of approximately $600 million. The Company’s proved reserves …

February 11, 2015 - 6:57 pm Energy News

TransCanada Sends Letter to U.S. Department of State

TransCanada Corporation (TRP.TO) (TRP) (TransCanada) has sent a letter to the U.S. Department of State that highlights the company’s official response to the February 2 comment letter from the U.S. Environmental Protection Agency (EPA) on the …

February 11, 2015 - 6:54 pm Energy News

Dawson Geophysical Announces Completion Of Strategic Business Combination

Dawson Geophysical Company, previously known as TGC Industries, Inc., today announced the completion of its previously announced strategic business combination effective February 11, 2015. Trading in the combined company’s common stock will open on NASDAQ on February 12, 2015 under …

February 11, 2015 - 6:37 pm Energy News

Emerald Oil, Inc. Announces Completion of Common Stock Offering

Emerald Oil, Inc. (NYSE MKT: EOX) (“Emerald” or the “Company”) announced today that it has completed the sale of 24,553,571 shares of its common stock. All shares of common stock were sold to the public at an offering price of …

February 11, 2015 - 6:35 pm Energy News

Hoeven, Bipartisan Group of Senators Reintroduce Bill to Capture Methane and Reduce Flaring in North Dakota

WASHINGTON, D.C. – Senator John Hoeven (R-N.D.) and a bipartisan group of senators today reintroduced the Natural Gas Gathering Enhancement Act. The legislation would set deadlines for and expedite the permitting of natural gas gathering lines located on federal land …

February 10, 2015 - 7:29 pm Energy News

Occidental Agrees to $500 Million Oil Exploration in UAE

Story by Bloomberg

Occidental Petroleum Corp., one of 11 international oil companies invited to bid for rights to develop Abu Dhabi’s largest onshore fields, agreed to a $500 million exploration project in the emirate over two years.

Occidental will work …

February 10, 2015 - 7:18 pm Energy News

Midstates Petroleum, PostRock Announce Plans for Strategic Alternatives

POSTROCK RELEASE

PostRock Energy Corporation(PSTR) (“PostRock”) today announced the appointment of a new director. Simultaneously, it announced that it had engaged Evercore Group L.L.C. to help explore strategic alternatives.

Alexander P. Lynch, a partner of White Deer …

February 10, 2015 - 6:50 pm Energy News

Oil toll: Halliburton to cut up to 6,400 jobs

Story by CNBC

Halliburton became the latest oil company to feel the sting of falling oil prices.

The Houston-based oil filed services company said Tuesday it plans to cut between 5,200 to 6,400 jobs as oil and gas production slows …

February 10, 2015 - 6:34 pm Energy News

CAMAC Energy Completes 2D Seismic Acquisitions in Kenya

CAMAC Energy Inc. (“CAMAC” or the “Company”) (NYSE MKT:CAK) announced today the successful completion of its onshore 2D seismic acquisitions on blocks L-1B and L-16 in the Republic of Kenya.

The 2D seismic program was conducted by BGP Kenya Limited …

February 10, 2015 - 6:32 pm Energy News

Statoil choses unmanned platform concept to streamline offshore operations

Story by Oil & Gas Technology

Statoil and its licence partners have chosen an unmanned wellhead platform as the concept for the Oseberg Future development phase I project in the North Sea.

Total cost for such unmanned wellhead platform is
February 9, 2015 - 6:21 pm Energy News

BPZ Energy Reports Year-end 2014 Reserves

BPZ Energy (BPZ) (BPZ), an independent oil and gas exploration and production company, today announced the results of an independent evaluation of the Company’s certified year-end 2014 oil reserves at offshore Block Z-1.

The following discussion …

February 9, 2015 - 5:55 pm Energy News

Dawson Geophysical and TGC Industries Shareholders Approve Strategic Business Combination

MIDLAND, Texas and PLANO, Texas, Feb. 9, 2015 /PRNewswire/ — Dawson Geophysical Company (“Dawson”) (DWSN) and TGC Industries, Inc. (“TGC”) (TGE) announced that at their respective special meetings of shareholders held on February 9, 2015, each …

February 9, 2015 - 5:53 pm Energy News

Resolute Energy Corporation Bounces Back

REN Closes at $1.20

DENVER, Feb. 9, 2015 /PRNewswire/ — Resolute Energy Corporation (“Resolute” or the “Company”) (REN) today announced that it had received notification on February 3, 2015, from the New York Stock Exchange (“NYSE”) that the …

February 9, 2015 - 5:51 pm Energy News

Fracking puts California governor, environmentalists at odds

Story by the Associated Press

In the 1970s, the environmental movement had no bigger political hero than California Gov. Jerry Brown. He cracked down on polluters, ended tax breaks for oil companies and promoted solar energy.

Forty years later, in …

February 6, 2015 - 7:09 pm Energy News

Japan’s trading houses to step up asset sale to defy resource slump

Story by Reuters

Faced with mounting writedowns on energy and metals assets, Japan’s trading houses are looking to step up the sale of assets to offset weaker income from resource businesses and fund shareholder returns, while reining in investment.

Like …

February 6, 2015 - 7:08 pm Energy News

Special Report: Anatomy of Nigeria’s $20 billion “leak”

From Reuters:

In late 2013, Nigeria’s then central bank governor Lamido Sanusi wrote to President Goodluck Jonathan claiming that the state oil company had failed to remit tens of billions of oil revenues it owed the state.

After the letter …

February 6, 2015 - 6:58 pm Energy News

SEC Closes Inquiry of LINN Energy

LINN Energy, LLC (LINE) (“LINN”) and LinnCo, LLC (LNCO) (“LinnCo” and together with LINN, the “Company”) announced today that the Fort Worth Regional Office of the Securities and Exchange Commission (“SEC”) has formally notified LINN that …

February 5, 2015 - 7:19 pm Energy News

Bristow Group Reports Financial Results for its 2015 Fiscal Third Quarter and Nine Months Ended December 31, 2014

– THIRD QUARTER GAAP NET LOSS OF $1.0 MILLION ($0.03 LOSS PER DILUTED SHARE) AND NINE MONTH GAAP NET INCOME OF $69.2 MILLION ($1.94 PER DILUTED SHARE)
– THIRD QUARTER AND NINE MONTH ADJUSTED NET INCOME OF $24.7 MILLION ($0.70 …

February 5, 2015 - 7:16 pm Energy News, Uncategorized

Noble Corporation plc Reports Fourth Quarter And Full Year 2014 Results, Announces Retirement Of Three Rigs

Noble Corporation plc (NE) today reported a fourth quarter 2014 loss from continuing operations of $595 million, or $2.38 per diluted share. Results for the quarter included an after-tax charge of $713 million, or $2.86 per diluted share,

February 4, 2015 - 6:54 pm Energy News

Gran Tierra Energy Announces 2014 Year-End Reserves

Peru Reserves to be Adjusted Downward Following Negative Well Results After Year-end; Oil Reserves in Colombia and Brazil Increase After Producing 9.1 MMbbl (Working Interest) Oil in 2014

Gran Tierra Energy Inc. (“Gran Tierra Energy“) ()GTE; …

February 3, 2015 - 6:37 pm Energy News

Evolution Petroleum Declares Cash Dividend on 8.5% Series A Preferred Stock

HOUSTON, Feb. 3, 2015 /PRNewswire/ — Evolution Petroleum Corporation (nyse mkt:EPM) today declared a monthly cash dividend on its perpetual non-convertible 8.5% Series A Cumulative Preferred Stock. The dividend is for the month of February 2015 and is payable on …

February 3, 2015 - 6:36 pm Energy News

Continental Resources Announces Proved Reserves And Production For 2014

Proved Reserves Total 1.35 Billion Boe at Year-End 2014, a 25% Increase over Year-End 2013
Full-Year 2014 Production Totals 63.6 Million Boe, a 28% Increase over 2013
Fourth Quarter and Full-Year 2014 Earnings Announcement Planned for Tuesday, February 24, 2015

February 3, 2015 - 6:33 pm Energy News

Bill Barrett Corporation Reports Positive Results from DJ Basin XRL Wells

DENVER, Feb. 3, 2015 /PRNewswire/ — Bill Barrett Corporation (“the Company”) (BBG) announced today well results on its first 9 extended reach lateral (“XRL”) wells drilled in the Northeast Wattenberg area of the Denver-Julesburg (“DJ”) Basin.

To date, …

February 3, 2015 - 6:31 pm Energy News
National Oilwell Varco Announces Fourth Quarter and Full Year 2014 Earnings

National Oilwell Varco Announces Fourth Quarter and Full Year 2014 Earnings

HOUSTON–(BUSINESS WIRE)–Feb. 3, 2015– National Oilwell Varco, Inc. (NYSE: NOV) today reported that for its fourth quarter ended December 31, 2014, it earned net income from continuing operations of$595 million, or $1.39 per fully diluted share, compared to net income
February 3, 2015 - 6:27 pm Energy News

BP Reports Fourth Quarter and Full Year 2014 Results

Release date: 03 February 2015

  • Underlying replacement cost profit $2.2 billion; significant impairment charges in the quarter
  • Taking action to meet challenging environment

BP today reported its results for the fourth quarter and full-year 2014. Underlying replacement cost profit1

February 3, 2015 - 6:26 pm Energy News

Anadarko Announces 2014 Fourth-Quarter And Full-Year Results

Anadarko Petroleum Corporation (APC) today announced 2014 fourth-quarter results, reporting a net loss attributable to common stockholders of $395 million, or $0.78 per share (diluted). These results include certain items typically excluded by the investment community in published …

February 2, 2015 - 6:54 pm Energy News

Samson Oil & Gas Q4’14 Results

FINANCIAL HIGHLIGHTS – The company’s debt facility was increased to US$19 million and the interest rate reduced to a 90 day LIBOR plus 3.25%, currently the effective rate is approximately 3.48%. During the quarter, Samson drew down US$4.5 million against …

February 2, 2015 - 6:24 pm Energy News

Egypt to import natural gas directly from Noble Energy

From Middle East Monitor:

A senior official from Egypt’s natural gas holding company, EGAS, said on Sunday that Egypt plans to import Israeli natural gas directly from American oil firm, Noble Energy without the mediation of companies in Egypt or …

February 2, 2015 - 6:19 pm Energy News

Miller Energy Declares Cash Dividends on Its Series B, Series C and Series D Preferred Stock

Miller Energy Resources (“Miller”) (NYSE: MILL) announced today that its Board of Directors has declared a semi-annual cash dividend on Company’s Series B Redeemable Preferred Stock (“Series B Preferred Stock”) and a quarterly cash dividend payment on the Company’s 10.75% …

February 2, 2015 - 6:18 pm Energy News