Exploration and Production (E&P)

EnerCom: Registration is Open for The Oil & Gas Conference® in Denver August 13-17, 2017

EnerCom: Registration is Open for The Oil & Gas Conference® in Denver August 13-17, 2017

New for 2017: EnerCom’s Oilfield Tech & Innovation Day – Aug. 17, 2017

EnerCom, Inc. will host The Oil & Gas Conference® 22 August 13-17, 2017, in Denver at the Westin Denver Downtown. Investment and oil and gas professionals can …

Petrus: Building Ferrier–Dropping OPEX, Debt

Petrus: Building Ferrier–Dropping OPEX, Debt

Petrus Resources (ticker: PRQ), based in Calgary, Alberta, is active in three primary areas: the Ferrier area of Alberta—which draws from the Cardium formation, Central Alberta, and the foothills regions of the Rocky Mountains.

The company has focused on developing …

Goodrich Petroleum Corporation: Growing Core Haynesville with High Proppant Completions

Goodrich Petroleum Corporation: Growing Core Haynesville with High Proppant Completions

With assets in the Haynesville Shale—in Texas and Louisiana, Tuscaloosa Marine Shale, and Eagle Ford Shale, Goodrich Petroleum (ticker: GDP) has established a strong portfolio in shale-specific plays.

Core Haynesville

Goodrich’s Haynesville Shale makes up the core of its operations, …

Bellatrix Exploration: Stability in the Spirit River

Bellatrix Exploration: Stability in the Spirit River

Bellatrix Exploration LTD (ticker: BXE) is a leader in liquids-rich gas production in Canada. Its core operations are in West Central Alberta, in the Spirit River formation.

Bellatrix’s Spirit River assets—which total approximately 92,160 acres—are divided between the Ferrier, Willesden …

Gastar Exploration, Development in the STACK

Gastar Exploration, Development in the STACK

Oklahoma-centered Gastar Exploration Inc. (ticker: GST) has built its production portfolio primarily in the STACK play, where it holds 62,600 of its 89,600 net acres, spread across 5 core-zones. The company averaged approximately 5,700 BOEPD during Q1, 2017.

Gastar’s STACK

Energy XXI: Recompleting in the Gulf, Building for the Future

Energy XXI: Recompleting in the Gulf, Building for the Future

Since the finalization of its restructuring on December 30th, 2016, Energy XXI Gulf Coast (ticker: EXXI) has begun taking steps to bring additional production online and optimize existing production.

EXXI in the GOM

Energy XXI itself is focused …

Advantage Oil and Gas: Spurring New Production in the Montney

Advantage Oil and Gas: Spurring New Production in the Montney

Canada based Advantage Oil and Gas (ticker: AAV) is focused primarily on its Montney natural gas assets in Glacier, Alberta.

The Montney assets produce approximately 235 Mscf/day, and Advantage’s 2P reserves were increased to 2.2 Tcfe as of December 31…

Razor Energy: Bringing an Aggressive Mindset to Acquired Assets

Razor Energy: Bringing an Aggressive Mindset to Acquired Assets

Canadian junior Razor Energy, (ticker: RZE) began operation on January 31, 2017 after combining with Vector Resources. After the amalgamation with Vector, Razor Energy completed the acquisition of the Swan Hills asset for $17.1 million.

The Swan Hills asset itself …

Vermilion Energy: Global Diversification Fueling 65 MBOEPD of Production

Vermilion Energy: Global Diversification Fueling 65 MBOEPD of Production

Global oil and gas operator Vermilion Energy (tickers: VET) holds producing acreage worldwide. The company’s assets are spread across three main regions: North America, Europe, and Australia. Its oil and gas assets are located in 10 countries.

Vermilion’s focus on …

NuVista Energy: Building Wapiti Montney Production, Capacity

NuVista Energy: Building Wapiti Montney Production, Capacity

Focused on condensate-rich gas plays in Alberta and British Columbia, NuVista Energy Ltd (ticker: NVA) has been and continues to develop strong assets within the Montney gas play.

The majority of NuVista’s activity is centered in the Wapiti Montney—where it …

Bill Barrett Corporation: Lower Debt, Longer Laterals

Bill Barrett Corporation: Lower Debt, Longer Laterals

Bill Barrett Corporation (ticker: BBG) has built a core position in the Northeast Wattenberg field in Colorado’s Denver-Julesberg (DJ) Basin, where it holds 71,900 net acres. The company also has producing acreage within the Uinta Basin in Utah, numbering approximately …

Cabot Oil and Gas Adding 60 Marcellus, 30 Eagle Ford Wells in 2017

Cabot Oil and Gas Adding 60 Marcellus, 30 Eagle Ford Wells in 2017

Cabot Oil and Gas (ticker: COG) is building steadily within its core Marcellus and Eagle Ford assets, through cost reduction in drilling and completions and through the addition of wells in both areas.

In its Marcellus play, Cabot expects to …

Sanchez Energy Turning Up the Heat in the Eagle Ford

Sanchez Energy Turning Up the Heat in the Eagle Ford

Legacy Eagle Ford player is kicking production into high gear with 132 DUCs to complete, infill drilling on tap

Venturing through the balance of 2017 and into 2018, Sanchez Energy Corporation (ticker: SN) is looking to take advantage of its …

PDC Energy: Core Wattenberg Strong, Plenty of Upside in the Delaware

PDC Energy: Core Wattenberg Strong, Plenty of Upside in the Delaware

PDC: core strength in the core Wattenberg

PDC Energy (ticker: PDCE) has a strong position in the Wattenberg field in the D-J basin, and it’s looking to further develop its acreage in the Delaware Basin.

With 95,500 net acres in …

Source: BLM

Zinke Signs Order to Jump-Start Alaskan Energy Production in the NPR

Order also calls for updating ANWR resource assessments

U.S. Secretary of the Interior Ryan Zinke signed a secretarial order to jump-start Alaskan energy production in the National Petroleum Reserve – Alaska (NPR-A) and update resource assessments for areas of the …

The EPA Begins Rolling Back Obama-Era Emission Regulations as U.S. says it will Pull Out of Paris Climate Agreement

The EPA Begins Rolling Back Obama-Era Emission Regulations as U.S. says it will Pull Out of Paris Climate Agreement

The EPA has issued a 90-day stay on oil and gas emissions standards

The Environmental Protection Agency announced Wednesday that it will put a halt to some of the Obama-era regulations on the oil and gas industry. Using its Clean …

Range Resources: Defining Terryville in 2017

Range Resources: Defining Terryville in 2017

EnerCom presenter focus: Range is presenting at EnerCom’s 22nd The Oil & Gas Conference August 13-17, 2018

When Marcellus gas giant Range Resources (ticker: RRC) announced it would acquire Memorial Resource Development in May of 2016, the deal was …

EOG and Carlyle Group Form $400 Million JV

EOG and Carlyle Group Form $400 Million JV

Venture will develop Ellis County, OK assets

EOG Resource (ticker: EOG) and The Carlyle Group (ticker: CG) announced today a $400 million joint venture to develop EOG assets.

In this venture the Carlyle Energy Mezzanine Opportunities Fund II will provide …

Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

Yuma Energy Sells Non-Core Assets, Lenders Reaffirm Borrowing Base

Yuma Energy, Inc. (ticker: YUMA) said it has sold its wholly owned subsidiary’s El Halcón property for $5.5 million.

The assets are located in Brazos County, Texas, and Yuma held an average working interest of approximately 10% (1,557 net acres) …

Energy XXI Gulf Coast Plans to Spud Development Well in June

Energy XXI Gulf Coast Plans to Spud Development Well in June

Energy XXI Gulf Coast releases Q1 results

Energy XXI Gulf Coast, Inc. (ticker: EXXI), the post-bankruptcy incarnation of Gulf of Mexico operator Energy XXI, reported operational and financial results for the first quarter of 2017.

Energy XXI Gulf Coast Plans to Spud Development Well in June

Highlights:

  • Produced an average of

Energy Transfer Announces Binding Open Season for Project Permian Express 3

Energy Transfer Partners, L.P. (ticker: ETP) announced that Permian Express Terminal LLC and Permian Express Partners LLC will commence a binding Open Season for Permian Express 3. The project is being developed to deliver crude oil from the Permian Basin …

May 22, 2017 - 11:00 am Exploration and Production (E&P), MLP News
EnerCom Effective Rig Count Equates to 1,109 Rigs in the Permian

EnerCom Effective Rig Count Equates to 1,109 Rigs in the Permian

U.S. added the most land rigs since April 2015

The U.S. rig count has finally exceeded 900 rigs, according to Baker Hughes’ (ticker: BHI) most recent weekly rig count.

American land rigs added 14 for a total of 878 rigs …

AG Refers Martinez Appellate Court Decision to Colorado Supreme Court

AG Refers Martinez Appellate Court Decision to Colorado Supreme Court

Outcome could have ‘profound effect’ on how or whether oil and gas operations are permitted in Colorado

Colorado Attorney General Cynthia Coffman has sent what could turn into a landmark oil and gas ruling to the Colorado Supreme Court for …

Permian Pure Play Jagged Peak Checks Off 53% Production Growth in Q1

Permian Pure Play Jagged Peak Checks Off 53% Production Growth in Q1

Jagged Peak has six rigs on its Delaware acreage, planning five frac fleets for 2017

Jagged Peak Energy (ticker: JAG) released first quarter earnings Thursday, showing a net loss of $465.9 million, or ($0.42) per share. The vast majority of …

BP’s First 9 Offshore Wells in West Nile Delta Project are Producing, Gas Going to Egypt: BP

BP’s First 9 Offshore Wells in West Nile Delta Project are Producing, Gas Going to Egypt: BP

BP said it started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt, eight months ahead of schedule.

 

First gas was exported to Egypt’s national grid on March 24, 2017 …

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

Edge of the Wattenberg: as Moratorium Expires Crestone Peak Attempts to bring Drilling Back to Boulder County

Crestone Peak applied to drill 216 wells in Boulder County

Judge dismisses Colorado Attorney General’s lawsuit v. Boulder County after moratorium expires on May 1

Local control is alive and well in Boulder County

By Bevo Beaven, Editor, Oil &

Sanchez Increases Completion Intensity 60% in Shorter Eagle Ford Wells

Sanchez Increases Completion Intensity 60% in Shorter Eagle Ford Wells

3,000 lbs proppant per foot yielding flatter decline curves

Sanchez Energy (ticker: SN) announced results for first quarter 2017 today, showing a net loss of $12.5 million, or ($0.18) per share. This exceeds the $69.8 million loss the company reported …

EOG Whirling Wind Pad Breaks 30-Day IP Record in Upper Wolfcamp

EOG Whirling Wind Pad Breaks 30-Day IP Record in Upper Wolfcamp

Four-well pad producing combined 20,000 BOEPD 30-day IP

EOG Resources: (ticker: EOG) reported first quarter earnings today and also said that it set a company record for crude oil production in Q1, producing 315.7 MBOPD, 18% above last year’s Q1 …

Northern Oil and Gas: Enhanced Completions Generate 13 MBOEPD

Northern Oil and Gas: Enhanced Completions Generate 13 MBOEPD

Northern anticipates more production growth in 2H 2017

Northern Oil and Gas, Inc. (ticker: NOG) reported total production of 1.2 million BOE for the first quarter, averaging 13,299 BOEPD.

Northern’s business model is as a non-operator franchise in the  Bakken …

PDC Targets 42% Production Growth in 2017

PDC Targets 42% Production Growth in 2017

$750 Million CapEx split between Wattenberg and Delaware

Wattenberg producer PDC Energy (ticker: PDCE) reported first quarter results on May 5, showing net income of $46.1 million, or $0.70 per diluted share. This significantly outperforms the $71.5 million net loss …