Exploration and Production (E&P)

Scott Sheffield Announces Retirement from Pioneer Natural Resources

Scott Sheffield Announces Retirement from Pioneer Natural Resources

After 30 years at the helm, Scott Sheffield announces he will retire as CEO of Pioneer Natural Resources

Scoot Sheffield, one of the most transformative CEOs in the oil and gas business, announced plans to retire from Pioneer Natural Resources …

Shale Record: Is Eclipse Resources’ 124-Stage Purple Hayes Well the Longest Onshore Lateral Ever Drilled?

Shale Record: Is Eclipse Resources’ 124-Stage Purple Hayes Well the Longest Onshore Lateral Ever Drilled?

Purple Hayes: Eclipse Resources Drills Well with an 18,544 Lateral in the Utica; Nine Energy Service Completes a 124-Stage Plug and Perf Frac on the Well

In the Eclipse Resources (ticker: ECR) Q1 earnings call on May 5, Ben Hulburt, …

Vantage Energy Wins Alpha Natural Resources’ NatGas Assets with $339.5 Million Cash Bid

Vantage Energy Wins Alpha Natural Resources’ NatGas Assets with $339.5 Million Cash Bid

Next Best Bid Behind Vantage was $335 Million; Bids Exceed Rice Energy’s “Stalking Horse” Offer of $200 Million

Bankrupt coal giant Alpha Natural Resources (ticker: ANRZQ) announced today that Colorado-based privately held gas producer Vantage Energy was the successful bidder …

PDC Energy’s Borrowing Base Re-Affirmed at $700 Million

PDC Energy’s Borrowing Base Re-Affirmed at $700 Million

DENVER, May 16, 2016 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC” or the “Company”) (Nasdaq:PDCE) announced today that the borrowing base on its revolving credit facility has been re-affirmed at $700 million and that the Company has elected …

Petro River Oil Announces Spudding of the Woodburn Forest-1 Test Well in Larne Basin, Northern Ireland

Petro River Oil Announces Spudding of the Woodburn Forest-1 Test Well in Larne Basin, Northern Ireland

Petro River UK Limited, the UK subsidiary of Petro River Oil Corp. (OTCBB: PTRC), announced that drilling operations on the Woodburn Forest-1 Well in Larne Basin, Northern Ireland, are underway.

In a press release today the company said that the …

Range Resources to Acquire Memorial Resource Development in $4.4 Billion Transaction

Range Resources to Acquire Memorial Resource Development in $4.4 Billion Transaction

“We believe the returns in Terryville rival the Southern Marcellus”: Jeff Ventura 

Range Resources (ticker: RRC), the legacy shale gas developer credited with discovering the Marcellus shale play, announced today that it will acquire all of the outstanding shares …

What will Happen to Freeport-McMoRan’s Oil & Gas Assets without Jim Flores?

What will Happen to Freeport-McMoRan’s Oil & Gas Assets without Jim Flores?

“Having this kind of debt is a killer”: FCX’s CEO Adkerson – Q1’16 conference call

Mining giant Freeport-McMoRan (ticker: FCX) is known internationally as the world’s largest copper miner—one that would be happy right now if it can sell its …

Switch to NatGas Delivers Lowest CO2 Emissions from Electricity Generation Since 1993

Switch to NatGas Delivers Lowest CO2 Emissions from Electricity Generation Since 1993

Natural Gas: the environmental movement’s strongest asset

Double benefits of gas-fired power plants: NatGas emits less carbon dioxide per unit of electricity generation and consumes less fuel per unit of generation

It shouldn’t be very long before the environmental movement …

U.S. Rig Count Drops to 406

U.S. Rig Count Drops to 406

Baker Hughes published its Friday rig count today. U.S. rigs count declined by nine rigs from last week to a total of 406. The count is down 482 rigs from this date last year. The rig count for Canada stands …

Petrobras Reports $358 Million Miss as it Looks to Correct Course

Petrobras Reports $358 Million Miss as it Looks to Correct Course

Petrobras reports $358 million loss on lower production and sales

Brazil’s state-owned oil giant, Petroleo Brasileiro (ticker: PBR), reported its first quarter results yesterday, showing a 1.25 billion reais ($358 million) loss in the first three months of the year.…

Wyoming Files Suit Opposing BLM Rule on Flaring - Oil & Gas 360 flare

Wyoming Updates Oil & Gas Air Quality Guidance

Wyoming DEQ Announces Key Changes

On May 12, 2016, the Wyoming Department of Environmental Quality (DEQ) released the 8th update to the Oil and Gas Production Facilities Permitting Guidance (O&G Guidance). DEQ’s most recent update to the O&G Guidance was …

Crescent Point Announces Q1 2016 Results and Record Production

Crescent Point Announces Q1 2016 Results and Record Production

CALGARY, ALBERTA–(Marketwired – May 12, 2016) –

(All financial figures are approximate and in Canadian dollars unless otherwise noted)

Crescent Point Energy Corp. (“Crescent Point” or the “Company”) (TSX:CPG)(NYSE:CPG) is pleased to announce its operating and financial results for the …

Tamarack Valley Energy Announces 2016 First Quarter Results

Tamarack Valley Energy Announces 2016 First Quarter Results

CALGARY, ALBERTA–(Marketwired – May 11, 2016) – Tamarack Valley Energy Ltd. (TSX:TVE) (“Tamarack” or the “Company”) is pleased to announce its operating and financial results for the first quarter of 2016. Production in the

Sanchez Energy First Quarter 2016 Operating and Financial Results

Sanchez Energy First Quarter 2016 Operating and Financial Results

HOUSTON, TX–(Marketwired – May 09, 2016) –  Sanchez Energy Corporation (NYSE: SN) announced operating and financial results for the first quarter 2016. Highlights include:

  • Total production of 5.1 million barrels of oil equivalent (“MMBoe”) during the first quarter
Design Elements, Metallic Inks, Photography Highlight 2015 Oil & Gas Company Annual Reports

Design Elements, Metallic Inks, Photography Highlight 2015 Oil & Gas Company Annual Reports

PDC Energy and Sanchez Energy Annual Reports

PDC Energy (ticker: PDCE) is a 42,000 BOEPD producer whose operations are primarily focused on the Wattenberg field in Northern Colorado’s DJ basin. PDC wanted to focus its Annual Report message on three …

Oil and Gas 360® Keeps the Earnings Tally with “Earnings Box Score”

Oil and Gas 360® Keeps the Earnings Tally with “Earnings Box Score”

Oil & Gas 360® has posted a new feature called “Earnings Box Score.”

The button, on the home page, provides a running list showing how oil and gas companies are performing against market expectations.

Financial Metrics at a Glance

The …

Oil Rig Count Down as Inventories Continue to Build

Oil Rig Count Down as Inventories Continue to Build

U.S. rig count hits 415

The rig count in the United States continued to decline last week, with Baker Hughes reporting just 415 active rigs. The active rig count for the week ended April 29, 2016, was down 16 rigs …

Synergy and Noble Announce a $500 Million Wattenberg Deal this Week

Synergy and Noble Announce a $500 Million Wattenberg Deal this Week

The Colorado Supreme Court ruling against cities issuing frac bans must have caused sweet dreams for E&P operators all over the Wattenberg field in northern Colorado, where two municipalities had attempted to stop hydraulic fracturing. Before the ink could dry …

PDC Energy Reports 2016 First Quarter Financial and Operating Results

PDC Energy Reports 2016 First Quarter Financial and Operating Results

PDC Energy Reports 2016 First Quarter Financial and Operating Results; Production Increase of 58% to 4.6 Million Barrels of Oil Equivalent

 Read the conference call transcript here.

DENVER, May 06, 2016 (GLOBE NEWSWIRE) — PDC Energy, Inc. (“PDC”, the “Company,”

Nighthawk Energy Proposes Pilot Waterflood Project

Nighthawk Energy Proposes Pilot Waterflood Project

Amendment to Arikaree Water Flood Enhanced Oil Recovery Project in Eastern Colorado

In an effort to expedite its previously approved larger waterflood project for its Arikaree field asset in eastern Colorado, Nighthawk Energy (ticker: HAWK / NHEGY) filed an amendment …

New Oil Company Data Points and Operating Metrics Available on Oil & Gas 360®

New Oil Company Data Points and Operating Metrics Available on Oil & Gas 360®

Oil & Gas 360® has updated financial information for the energy companies listed on the home page. Companies who have reported results for the quarter ending 3/31/2016 have been updated and can be found on their respective 360 Profile …

Royal Dutch Shell First Quarter Recap

Royal Dutch Shell First Quarter Recap

Royal Dutch Shell reports first quarter 2016 unaudited results.

  • Following completion of the acquisition on February 15, 2016, BG Group plc (“BG”) has been consolidated within Royal Dutch Shell’s (NYSE:RDS.A)(NYSE:RDS.B) results. For practical purposes, this includes February and March
Whiting Pushes IRRs Above 40% with Williston Drilling Agreement

Whiting Pushes IRRs Above 40% with Williston Drilling Agreement

Whiting plans to exit 2016 with 30 DUC wells, as opposed to 74

Last week, Whiting Petroleum (ticker: WLL) announced that it entered into a wellbore participation agreement that will increase the number of completions on the company’s Williston acreage.…

EQT Snaps Up $407 Million of Statoil’s Marcellus Core Acreage

EQT Snaps Up $407 Million of Statoil’s Marcellus Core Acreage

Acquisition adds 500 undeveloped locations expected to have average laterals of 5,600 feet; Opens deep Utica opportunity; Resource Potential of the new acreage is estimated at 9.2 Tcf of Natural Gas

EQT Corporation (ticker: EQT) announced it will acquire …

Range Resources’ Q1 2016 Financial, Operations, Marketing Results

Range Resources’ Q1 2016 Financial, Operations, Marketing Results

Range Resources Q1 2016 Results

Range Resources Corporation (ticker: RRC) reported its Q1 2016 earnings . Following are highlights from  the quarter with a conference call recap.

Q1 Highlights

  • Unit costs reduced by 10%, or $0.29 per mcfe compared to
Chevron Reports its First Quarter 2016 Results

Chevron Reports its First Quarter 2016 Results

Chevron Reports First Quarter Loss of $725 Million

Chevron Corporation (NYSE:CVX) today reported a loss of $725 million ($0.39 per share – diluted) for first quarter 2016, compared with earnings of $2.6 billion ($1.37 per share – diluted) in the

Cabot Oil & Gas Q1 2016, Conference Call Recap

Cabot Oil & Gas Q1 2016, Conference Call Recap

Cabot Oil & Gas announces $62.1 million in cash flow from operations

Cabot Oil & Gas equivalent production in the first quarter of 2016 was 160.3 Bcfe, consisting of 153.1 Bcf of natural gas, 1.1 MMBO of crude oil and …

EnerCom Named One of America’s Best Management Consulting Firms by Forbes Magazine

EnerCom Named One of America’s Best Management Consulting Firms by Forbes Magazine

EnerCom: 22 years of advising and serving energy-centric clients

DENVER – April 29, 2016 – Forbes Magazine (Forbes) commissioned an independent study by Statista to identify America’s Best Management Consulting Firms.  EnerCom, Inc. was recognized in the inaugural study in …

Pioneer Natural Resources First Quarter 2016 Financial and Operating Results

Pioneer Natural Resources First Quarter 2016 Financial and Operating Results

DALLAS–(BUSINESS WIRE)–Apr. 25, 2016– Pioneer Natural Resources Company (NYSE:PXD) (“Pioneer” or “the Company”) today reported financial and operating results for the quarter ended March 31, 2016.

Pioneer reported a first quarter net loss attributable to common stockholders of $267 million, …

EQT Reports First Quarter 2016 Earnings

EQT Reports First Quarter 2016 Earnings

NYSE: EQT; NYSE: EQM; NYSE: EQGP

PITTSBURGH–(BUSINESS WIRE)–EQT Corporation (NYSE: EQT) today announced first quarter 2016 net income attributable to EQT of $5.6 million, or $0.04 per diluted share (EPS), compared to earnings of $173.4 million, or $1.14