Exploration and Production (E&P)

Sanchez Energy Updates Catarina Operations, Balance Sheet

Sanchez Energy Updates Catarina Operations, Balance Sheet

Sanchez Energy Corporation’s (ticker: SN) development of its Catarina assets in the Eagle Ford (EF) are exceeding company expectations, SN management said in a news release on December 10, 2014. The Catarina, acquired from Royal Dutch Shell (ticker: RDS.B) in …

PetroQuest’s Thunder Bayou Well Lives Up to its Name

PetroQuest’s Thunder Bayou Well Lives Up to its Name

Thunder Bayou Production Expected to Commence Q2 2015 at 25-30 MMcfe/day gross

On December 9, 2014, PetroQuest Energy (ticker: PQ) announced results from its Thunder Bayou Prospect (50% working interest and 37% net revenue interest) located in Vermilion Parish, Louisiana.

Lonestar Resources Seeks to Expand Eagle Ford Position in New Commodity Environment

Lonestar Resources Seeks to Expand Eagle Ford Position in New Commodity Environment

Lonestar Resources (OTCQX: LNREF, ASX: LNR) is an oil and gas company in Fort Worth, Texas, focused on acquiring and exploiting the Eagle Ford Shale. The company has doubled its acreage on a compounded year-over-year basis since 2012 and is …

Nighthawk Energy Foresees Numerous Opportunities in Colorado’s Eastern D-J Basin

Nighthawk Energy Foresees Numerous Opportunities in Colorado’s Eastern D-J Basin

 Low-Cost Vertical Drilling and Multiple Behind-Pipe Uphole Recompletions Coming in 2015

 Chairman Comments in Audio Presentation

Nighthawk Energy (tickers – AIM: HAWK, OTCQX: NHEGY), which operates 100% of its Smoky Hill and Jolly Ranch projects in the eastern Denver-Julesburg Basin, …

A rig site in North Dakota

Oil Prices Reach Five Year Low; ConocoPhillips Dials back 2015 Expenditures by 20%

Oil prices slid sharply in Monday trading, dropping by more than 4% to close at a five-year low of $63.02. Brent prices fell in similar fashion, ending the day below the $66.00 mark.

Spot prices for WTI have dropped by …

December 8, 2014 - 6:56 pm Commodity Pricing, Exploration and Production (E&P), OPEC
Whiting Petroleum Completes $6 Billion All-Stock Acquisition of Kodiak Oil & Gas

Whiting Petroleum Completes $6 Billion All-Stock Acquisition of Kodiak Oil & Gas

Whiting Petroleum (ticker: WLL) is officially the largest producer of the Bakken/Three Forks shale play, following its $6.0 billion purchase of Kodiak Oil & Gas on December 8, 2014. The transaction was first announced on July 13, 2014, and involves …

Oil & Gas 360® Looks at Canadian E&Ps – Part 5

Oil & Gas 360® Looks at Canadian E&Ps – Part 5

This week’ look at Canadian E&Ps includes four companies with operations in all parts of the Americas, from Canada down to South America.

Bonavista Energy Corp. (ticker: BNP)

Comparative Financial and Operational Metrics for BNP (approximate numbers): Bonavista Energy Corp’s …

U.S. Shale will Drive 30% Oilservice Spending Rebound in 2017: BI

Q3 Company Analytics Now Available on Oil & Gas 360®

Oil & Gas 360® has posted new Q3 profiles and downloadable company analytics tearsheets for 31 E&Ps and Oilservice companies.

Company summaries, stock performance data and news release archives may be found on the Oil & Gas 360® home page …

Eclipse Resources: Six New Wells Online in the Utica

Eclipse Resources: Six New Wells Online in the Utica

Eclipse Resources (ticker: ECR) provided an operational update on its recent production and drilling activities. From September 30 (the end of the third quarter 2014) to November 30th, the company brought six new operated wells online in the …

Supermajors Prepare for New Oil Frontier by Centralizing Budgets, Focus

Supermajors Prepare for New Oil Frontier by Centralizing Budgets, Focus

Dozens, even hundreds of E&Ps and service providers in the oil and gas industry have recently announced intentions to dial back expenditures in 2015. Supermajors like Shell (NYSE: RDSB) and ExxonMobil (NYSE: XOM), on the other hand, both pledged to …

Emerald Oil “Well Positioned” to Withstand Current Oil Price Environment

Emerald Oil “Well Positioned” to Withstand Current Oil Price Environment

EOX Says Breakeven Price in the Bakken is $55/BOE

Emerald Oil is a pure play Williston Basin E&P with operations targeting the Bakken, Pronghorn and Three Forks shale oil formations. The company averaged production of 3,855 BOEPD in its Q3’14 …

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Bellatrix Exploration Announces $118 Million Acquisition

Increases 2015 Production Guidance                        

Bellatrix Exploration Ltd. (ticker: BXE) announced this morning that it has completed the acquisition of assets within its core Alder Flats area of west central Alberta (greater Ferrier region) from an unidentified oil and gas producer …

Oil Prices:  Possible OPEC Thanksgiving Day Outcomes

Oil Prices: Possible OPEC Thanksgiving Day Outcomes

CIBC’s Katherine Spector Lays Out a Few Scenarios

Head of Commodities Strategy for CIBC World Markets, Katherine Spector, hosted a conference call for CIBC clients on Wednesday morning in advance of both the U.S. Thanksgiving Day holiday and tomorrow’s …

Broomfield, CO next up in the Fracturing Ban Debate

Broomfield, CO next up in the Fracturing Ban Debate

The hydraulic fracturing dispute continues in one of the U.S. battleground states

Colorado has played host to numerous standoffs involving hydraulic fracturing and its practices. Even though ballot initiatives were dropped in August, the debate of fracing continues on a …

Canada Oil and Gas Provinces Rank Among Best in the World

Canada Oil and Gas Provinces Rank Among Best in the World

1280px-Canada_geological_map-WCSBFraser Institute’s annual Global Petroleum Survey of energy executives ranks Canada oil and gas provinces among the best in the world for investment. The survey ranks 156 jurisdictions worldwide on their attractiveness for investment based on the input of oil …

Resolute Energy Posts Production Increase, 2015 Coming into View

Resolute Energy Posts Production Increase, 2015 Coming into View

Resolute Energy Corp. (ticker: REN) is an exploration and production company with producing assets in the Permian Basin (Texas), the Hilight Field of the Powder River Basin (Wyoming) and the Aneth Field of the Paradox Basin (Utah). REN is developing …

Oil & Gas 360® Looks at Canada’s E&Ps – Part Three

Oil & Gas 360® Looks at Canada’s E&Ps – Part Three

Over the past two weeks, Oil & Gas 360® has reviewed eight of Canada’s E&Ps, looking at operations, financial performance and management comments during recent conference calls. The Canadian E&Ps we will review range in market cap from $44 billion …

Liquid Petroleum Gas Technology Aims to Boost Fracing Efficiency in Sub-$80 Oil Environment

Liquid Petroleum Gas Technology Aims to Boost Fracing Efficiency in Sub-$80 Oil Environment

We all know the emergence of hydraulic fracturing has spurred an energy revolution in North America, but that doesn’t mean there isn’t room for improvement. Operators and service companies alike are constantly evaluating different options and adjusting techniques to fully …

Sanchez Energy Reinforced by “Significant” Increase in Borrowing Base

Sanchez Energy Reinforced by “Significant” Increase in Borrowing Base

Sanchez Energy Corporation (ticker: SN), a rapidly expanding E&P targeting the Eagle Ford Shale, announced an increase of $287.5 million to its borrowing base in a press release on November 20, 2014. Per the terms of the commitment, SN has …

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Important Changes to Severance, Use Taxes for Colorado Oil & Gas Producers

Two major decisions were made in Colorado state courts in the past 12 months regarding Colorado tax codes that affect many in the oil and gas industry in the state.

The first was made in BP America Co. v. Colorado

Operating within the Realities of Today’s Lower Oil Prices

Operating within the Realities of Today’s Lower Oil Prices

In November’s “Energy Industry Data and Trends,” EnerCom Consulting’s monthly report to subscribers that was issued Nov. 14, the analysts looked closely at well economics as management and directors of oil and gas companies across the industry prepare for board …

House Approves the Keystone XL Pipeline, but will it Really Matter?

House Approves the Keystone XL Pipeline, but will it Really Matter?

While TransCanada’s $8 billion project hangs in the balance, Canadian oil is already moving south

The landslide Republican victory in this month’s midterm elections will prompt changes in the business of politics and in the U.S. economy, but will they …

Kurdish Iraq to Create Its Own Publicly Traded E&P

Kurdish Iraq to Create Its Own Publicly Traded E&P

ISIS Loses Oil Production

In the aftermath of last month’s U.S. air strikes that damaged the Islamic State’s (ISIS) captured oil field operations in Syria and Iraq, news outlets have reported that the attacks disrupted the group’s ability to make …

Cash-Strapped School District Turns to Natural Gas Drilling for Funding

Cash-Strapped School District Turns to Natural Gas Drilling for Funding

District will receive $500,000 up-front payment if gas is found beneath the school property, then 17% royalties

Pittsburgh’s East Allegheny School District gave the thumbs up to natural gas drilling on middle school property to raise much needed funds for …

VAALCO Energy: First Production from New Offshore Pads Expected by Year-End 2014

VAALCO Energy: First Production from New Offshore Pads Expected by Year-End 2014

VAALCO Energy, Inc. (ticker: EGY) reported net income of $3.1 million ($0.05 per diluted share) in its Q3’14 earnings release, but the company is already anticipating results for the fourth quarter. The independent energy company based in Houston, Texas, is …

Increased Shale Gas Production Will Supply Bulk of U.S. LNG Export Demand, EIA Concludes

Increased Shale Gas Production Will Supply Bulk of U.S. LNG Export Demand, EIA Concludes

Increased natural gas production is projected to satisfy 60% to 80% of a potential increase in demand for added liquefied natural gas (LNG) exports from the Lower 48 states, according to recently released EIA report.

The report, Effect of Increased

An ONGC Asset Manager at Mori Source: ONGC

India Seeks to Increase Natural Gas Production by 75%

India’s ONGC Limited poised to become major international player

India’s Petroleum Ministry has forecast an estimated 75% increase in natural gas production over the next five years, according to a Mining Weekly article. Currently, India’s gas production is around …

Judge: Anadarko to Pay $5.15 Billion in Tronox Cleanup Deal

Judge: Anadarko to Pay $5.15 Billion in Tronox Cleanup Deal

Largest environmental cleanup in DOJ history ends uncertainty for APC: stock celebrates

Manhattan federal Judge Katherine Forrest approved a deal yesterday to have Anadarko Petroleum Corp. (ticker: APC) pay $5.15 billion to clean up nuclear fuel and other pollution in …

Chart of the Week: Eagle Ford Leading the Charge in Oil Production

Chart of the Week: Eagle Ford Leading the Charge in Oil Production

The Energy Information Administration (EIA) released its monthly Drilling Productivity Report today, complete with production projections through year-end 2014.

In review, the rig count of the four major oil basins (Bakken, Eagle Ford, Niobrara and Permian) increased by 113 from …

Environmental Groups in Utah File Against Approved Natural Gas Pipeline

Environmental Groups in Utah File Against Approved Natural Gas Pipeline

Groups say Bureau of Land Management was wrong to approve project

The Southern Utah Wilderness Alliance and the Sierra Club have filed an appeal challenging a Bureau of Land Management (BLM) decision in Utah, last Friday. The two groups say …