Silver Run Acquisition Corporation announced today that it completed its acquisition of an 89% controlling interest in Centennial Resource Production, a pure-play Delaware Basin company with 42,500 …
Estimated oil wells drilled and completed in the third quarter of 2016 remained relatively unchanged from the previous quarter at 2,285. That is a decline of …
With the second anniversary of the oil price downturn nearing, KLR Group decided to take a look at which companies have managed to create value in the downturn and what …
A court decision handed down in the African country of Chad ordered international oil major ExxonMobil (ticker: XOM) to pay 44 trillion CFA francs ($75 billion) …
Houston-based Harvest Natural Resources (ticker: HNR) has closed its deal with private equity firm CT Energy Holding SRL for HNR’s Venezuela assets.
The closing of the …
The U.S. rig count continued to rise this week as both WTI and Brent went above $50 per barrel. Both crude oil bench marks were down over 1% Friday, but Baker Hughes Industries (ticker: BHI) …
Even as oil prices fight their way back to a $50 per barrel level and mining companies like Freeport …
Resolute Energy (ticker: REN) announced that it has entered into a definitive agreement with Firewheel Energy LLC, a portfolio company of EnCap Investments, to acquire 3,293 acres of oil and gas properties …
Privately held Caelus Energy Alaska, LLC announced Tuesday that its subsidiary, Caelus Energy Alaska Smith Bay LLC, has made a significant light oil discovery on its Smith Bay state …
Marathon Oil Corp (ticker: MRO) announced on Monday that it has signed an agreement to sell certain non-operated CO2 and waterflood Permian assets in West Texas and New …
Calgary-based International Frontier Resources (ticker: IFR) announced today that its Board of Directors has approved a new management structure for the company. Under the new structure, President Steve Hanson has been appointed …
Lenders and borrowers in the oil and gas sector are all anticipating lower borrowing bases in the next round of redeterminations according to the semi-annual survey conducted …
If all investors read are the headlines, they might believe that the only oil and gas investment opportunities existing today are in the Permian Basin, specifically the horizontal Wolfcamp plays in the Delaware Basin region. But that’s not the case.…
Chesapeake Energy (ticker: CHK) announced last week that it has upsized its private placement to $1.1 billion from an original amount of $860 million of aggregate principal amount. The offer is for …
Canada stands front and center as the primary trade partner to the U.S. In fact, the U.S. gets a whopping 96.4% of its natural gas imports from Canada. But the opportunities to further expand Canada’s oil and natural gas exports …
OPEC surprised the markets yesterday when word came out that for the first time in eight years the cartel planned to put oil production limits in …
Since 2014, WPX Energy (ticker: WPX) has been neck-deep in a full speed turnaround.
Its management team has completed more than $5 billion …
Rice Energy (ticker: RICE) announced that it will acquire Vantage Energy for approximately $2.7 billion total consideration. The deal consists of $1.02 billion in cash, …
Baird’s energy research team presented the results of the firm’s 3Q16 Energy Strategy Survey in a conference call today that was hosted by Denver-based senior analyst Ethan Bellamy and New York-based senior analyst Dan Katzenberg. This …
International Frontier Resources (ticker: IFR) released an update on its Mexican operations Monday as the company continues the …
Although the U.S. rig count rose in the week ended September 16, 2016, it remains 511 below where it sat at this time last year, according to information from Baker Hughes Industries…
The number of rigs in the United States grew in the week ended September 16, 2016, according to information from Baker Hughes Industries (ticker: BHI). …
The oil and gas industry is expected to increase spending next year for the first time following the crash in oil prices at the end of 2014, according …
DUCs, or drilled but uncompleted wells, have been a major topic of discussion among analysts for more than a year. …
New, much more stringent …
Manitok Energy (ticker: MEI) announced initial production rates from a successfully drilled horizontal Lithic Glauconitic exploration well in the Rockyford area of Southeastern Alberta. The company also announced that it spud a …
Oil prices shot up more than 3% today as U.S. crude stockpiles record the third straight inventory draw for the week ended September 16, 2016. WTI was trading above $45.50 in the afternoon, …
As oil and natural gas producers search for …
Encana Corporation (ticker: ECA) announced today the pricing of its public offering of 107,000,000 common shares at a public offering price of USD $9.35 per share. The company’s gross proceeds totaled US$1,000,450,000. The …
On Sept. 12, 2016, the federal government initiated big changes to its bonding requirements for the financial liability for decommissioning oil and gas assets …
