$800 Million Acquisition
Vista Oil & Gas, S.A.B. de C.V. (BMV: VISTA), the first Mexican pure E&P listed company in the Mexican Stock Exchange, has agreed to acquire a fully operational oil & gas platform from Pampa Energía S.A. …
Exploration and Production (E&P)
Aramco’s Huge Numbers: 2017’s First Half Net Income Exceeded that of 5 Global Supermajors Combined – Bloomberg
Redefining ‘Big Oil’: add up the first half 2017 income of Shell, Exxon, BP, Chevron and Total—Aramco, the world’s largest oil company, is bigger than all of them combined
If Saudi Aramco has its way, it will soon be the …
Canada’s Energy Sector Faces Rough Waters
Stiff U.S. competition, an inter-province pipeline row prolongs limited export opportunity, and U.S. is its only big export customer
With U.S. shale on a tear, imports are dropping
Total U.S. crude production reached 10 MMBOPD in November 2017 and …
Torchlight Energy Sets Frac Date on Orogrande Horizontal
Torchlight Energy Sets Frac Date on Orogrande Horizontal
…IFR Joint Venture Commences Drilling of First Well at Tecolutla
IFR Joint Venture Commences Drilling of Historic First Well at Tecolutla
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GeoPark Production Moves to 35 MBOEPD
Latin American E&P operator GeoPark Limited (ticker: GPRK) released a production update today, noting that current production is currently at 35 MBOEPD. This figure includes production from the recent Argentina acquisition.
- Oil production increased by 33% to 27,345 BOPD (up
E&P Bankruptcy Filings Down 67% in 2017: Haynes and Boone
Debt involved in oil and gas company bankruptcies since 2015 totals $90 billion
International corporate law firm Haynes and Boone has tracked 144 North American oil and gas producers that have filed for bankruptcy since the beginning of 2015.
These …
Diamondback Energy Running 11 Rigs, 5 Frac Crews in the Permian: Production Up 10% over Q4
Diamondback Energy, Inc. (ticker: FANG) produced 102.6 MBOEPD in Q1 2018. This is 10% more than Q4 2017 production volumes of 92.9 MBOEPD. Diamondback is currently running 11 drilling rigs and five dedicated completion crews.
Q1 2018 average realized prices …
New Zealand Bans New Offshore Exploration
From NZ Herald
Prime Minister Jacinda Ardern has banned future offshore oil and gas exploration in New Zealand.
The only exploration likely to be contemplated by the new Government is on-shore exploration limited to energy-rich Taranaki.
There are more than …
How Will Higher Taxes Impact Oklahoma?
From NewsOK
Participants in Tuesday’s energy chat on NewsOK asked how recently approved increases in taxes on Oklahoma wells might impact the ongoing resurgence of the state’s oil and gas industry, among other things.
The Oklahoman’s energy writers, Adam Wilmoth …
Canacol Energy Ltd. Provides Chirimia 1 Drilling Results and Operations Update
Canacol Energy Ltd. Provides Chirimia 1 Drilling Results and Operations Update
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Contango Updates Southern Delaware Basin Operations
Contango Updates Southern Delaware Basin Operations
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ConocoPhillips Doubles Down in British Columbia’s Montney with 35,000-Acre Acquisition
Oil and gas investment in politically risky British Columbia
Just a few days before Kinder Morgan Canada said it would halt investment and construction on the Trans Mountain pipeline expansion due to political risk in British Columbia, ConocoPhillips (ticker: COP) …
Oil & Gas Industry Sees 10%-20% Borrowing Base Hikes, Predicts Next Big Play: Haynes and Boone Survey Results
A look at where the industry believes energy development capital will be sourced
More than 80% of Haynes and Boone’s respondents in its newest borrowing base survey expect borrowing bases to increase, with most expecting 10 to 20 percent increases, …
Lilis Energy Makes Executive Changes
Permian E&P Lilis Energy, Inc. (ticker: LLEX) has appointed Ronald D. Ormand to CEO, in addition to his position as chairman of the board.
James W. Denny III has been appointed EVP of production and operations, and the board of …
Bahrain Shale Find Puts Oil Market on Notice
From Bloomberg
The U.S. and Canada may no longer have this type of production all to themselves
Bahrain discovered the first oil on the Arab side of the Gulf in 1932. It took a long time for the small island …
Lonestar Resources: Horned Frog Completions Producing 2,100~ BOEPD
Lonestar Updates Results of Horned Frog Completions
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Philippines Eyes Joint Exploration Deal with China in South China Sea
From Reuters
The Philippines is looking to seal a pact with China within a few months to jointly explore for oil and gas in a part of the busy South China Sea waterway claimed by both countries, a Philippine official …
Shell Made $59 Billion in Total Payments to Governments in 2017
Shell’s payments for upstream were $22.4 billion
All in, including upstream, LNG activities and refining operations, in 2017 Shell (ticker: RDS.A) said it paid in total more than $59.1 billion to governments.
“We paid $6.3 billion in income taxes and …
EIG’s FS Energy and Power Fund – at $4.3 Billion – is Largest Energy BDC
FS Investments (FS) and EIG Global Energy Partners (EIG) closed a transaction today, allowing EIG to manage FS Energy and Power Fund (FSEP). According to the company’s press release, FSEP will be the largest energy-focused business development company (BDC) in …
Icahn at it Again
Last week Carl Icahn gave Sandridge Energy Inc. (ticker: SD) another poke as he suggested an all-cash offer for the company with a major catch – he wants to decide who goes on the company’s board of directors.
Bloomberg reported…
Crestone Peak’s “Re-entry into Boulder County” Takes Another Step Forward
Crestone Peak submits 4th Draft of Comprehensive Drilling Plan to COGCC
Crestone Peak Resources, the privately held DJ Basin operator that is developing Encana’s former assets in in Northern Colorado, is getting a little closer to planting its flag …
Carl Icahn Will Nominate Full Sandridge Board Slate
From Bloomberg
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Billionaire investor willing to make all-cash offer for firm
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Icahn says he has ‘grave concerns’ about the current board
Carl Icahn plans to nominate a full slate to the board of Sandridge Energy Inc. that would commit to …
Halcón Resources Closes $200 Million West Quito Draw Acquisition
Halcón Resources Announces the Closing of the West Quito Draw Acquisition, the Expiration of its Monument Draw East Option and Other Activities
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Midstates Petroleum Sells Anadarko Basin Producing Properties for $58 Million
Midstates Petroleum Announces Agreement for Sale of Anadarko Basin Producing Properties for $58 Million
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SM Energy Divestment of $792 Million Non-Core Assets Will Drive 30% Debt Reduction
Out of the Williston
Midland- and Eagle Ford-focused SM Energy Company (ticker: SM) sold its remaining assets in the Williston Basin and third-party operated assets in Upton County, Texas. The combined sale generated $292.3 million, but the buyers have not …
Crescent Point Energy Grows USA Operations
Crescent Point Energy Corp. (ticker: CPG) said its Q1 2018 production and cash flow from its U.S. assets have grown year-over-year by approximately 60% and 175%, respectively. Additionally, the company said its land position in the east shale Duvernay light …
WPX Energy Commences $500 Million Offer for Senior Notes
WPX Energy Commences Tender Offers for Senior Notes due 2020, 2022 and 2023
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PT Petroleum’s Orange 6091C Well: 100 MBbls in First 140 Days
PT Petroleum, LLC Announces Wolfcamp C Results in Midland Basin
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Unit Corporation Completes $300 Million Sale
Unit Corporation Completes the Sale of 50% Interest in Midstream Subsidiary
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