Exploration and Production (E&P)

IEA: U.S. Oil Production Approaching a Crossroads

IEA: U.S. Oil Production Approaching a Crossroads

United States oil production and its diminishing storage capacity may lead to another drop in oil prices, according the International Energy Agency’s (IEA) Oil Market Report for March 2015. The Agency revised its oil demand outlook upward, but the increase …

Rig Counts Continue Downward Spiral

Rig Counts Continue Downward Spiral

The Baker Hughes active U.S.  rig count shows another drop this week

The Baker Hughes (ticker: BHI) weekly rig count for the week ended March 13, 2015, shows rig counts falling for the fourteenth straight week. The total number of …

Drill Rig in Alaska - Oil & Gas 360

Miller Energy Reports Third Quarter Results

Miller Energy Resources, Inc. Logo

March 12, 2015 07:00 ET

Miller Energy Resources Reports Third Quarter Results

HOUSTON, TX–(Marketwired – March 12, 2015) –  Miller Energy Resources, Inc. (“Miller Energy” or “the Company”) (NYSE: MILL) reported today for the third quarter of fiscal

Andes Energia Announces Results on its Fourth Vaca Muerta Shale Discovery

Andes Energia Announces Results on its Fourth Vaca Muerta Shale Discovery

Production from Andes Energia’s Las Varillas x-l reached over 100 BOPD with artificial lift system

Andes Energia plc (ticker: AEN) announced the results of its multi-stage fracture and production test on the Las Varillas x-1 well, which was drilled on …

Fifth Creek Energy Prepares to Hit the Accelerator with NGP Funding

Fifth Creek Energy Prepares to Hit the Accelerator with NGP Funding

Private E&P is Evaluating $500 Million to $1.5 Billion Opportunities in the D-J, Permian and Utica

Exclusive Interview with Oil & Gas 360

Fifth Creek Energy is a private E&P company, formed by Michael Starzer and Patrick Graham, the founders …

Bellatrix Exploration: Reserves Jump after Ambitious 2014 Capital Program

Bellatrix Exploration: Reserves Jump after Ambitious 2014 Capital Program

2014 closed the largest capital program in the history of Bellatrix Exploration (ticker: BXE), and the results were evident on its latest reserves report issued on March 9, 2015. The totals, determined by an independent evaluation, showed proved reserves …

Freeport McMoRan Announces Successful Production Test

Freeport McMoRan Announces Successful Production Test

The company said that its Highlander well produced 75 MMcf/d during production testing

On February 20, 2015, Freeport McMoRan (ticker: FCX) announced the results of additional production testing on Freeport McMoRan Oil & Gas’s (FM O&G) Highlander discovery, located onshore …

BP Finalizes $12 Billion Offshore Investment in Egypt

BP Finalizes $12 Billion Offshore Investment in Egypt

BP signed the final agreements for its West Nile Delta project last week

BP plc (ticker: BP) last week announced that the company signed its final agreements on the West Nile Delta (WND) project. The WND has the potential for …

If species gains the U.S. Fish and Wildlife's recommended "endangered" designation in April, shale, wind energy developers could be affected.

Pending Govt. Designation Could Threaten Areas of NE Shale Development

Comment Period Ends Mar. 17, 2015

Remember the Northern Spotted Owl? It was a bird living in the Pacific northwest that was awarded the U.S. Fish and Wildlife Service’s “Threatened Species” designation in 1990. Vast swaths of timber were classified …

Colorado Oil Production up 27% in 2014

Colorado Oil Production up 27% in 2014

Numbers from the COGCC shows oil production in Colorado is up 27% year-over-year from 2013

According to the latest data from the Colorado Oil and Gas Conservation Commission (COGCC), oil production in Colorado is up 27% in 2014 from 2013. …

Alberta Yields Two New Condensate and Liquids-Rich Gas Discoveries

Alberta Yields Two New Condensate and Liquids-Rich Gas Discoveries

Blackbird Energy of Alberta Canada announced two ‘significant’ discoveries at Elmworth

Blackbird Energy (ticker: BBI) based in Calgary, Alberta, announced this week that its first two operated horizontal Montney wells on Blackbird’s 69 section land block at Elmworth, Alberta, Canada, …

A rig site in North Dakota

U.S. Noncrude Exports Continue Record-Setting Trend

United States exports of noncrude petroleum products increased for the 13th straight year in 2014, the Energy Information Administration said in a report on March 5, 2015. The U.S. averaged 3.8 MMBOPD in 2014 – an increase of approximately …

Ohio Oil & Gas Production Up Exponentially from 2013

Ohio Oil & Gas Production Up Exponentially from 2013

The Ohio Department of Natural Resources reported over a 200% increase in oil production, and more than a 350% increase in natural gas production, from 2013 to 2014.

The Ohio Department of Natural Resources (ODNR) last week released fourth quarter

Source: EnerCom's Monthly Report

Energy Experts Discuss 2015

Synergy Resources, Earthstone Energy, Fortis Energy Services, Samson Oil & Gas, Wunderlich Securities—Exclusive Video Interviews

EnerCom, Inc. today posted new executive video interviews with the following companies:

Rig Counts Falling at a Slower Rate

Rig Counts Falling at a Slower Rate

Rig counts fell 3% in the last week, the smallest decline in the month of February 

The Baker Hughes (ticker: BHI) rig count for the week ended February 27, 2015 showed declines in rig counts continued, but at a slower …

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

What’s Coming to the Energy Sector in 2015?

Core Laboratories, Evolution Petroleum and Lonestar Resources—Exclusive Video Interviews with EnerCom’s Oil & Gas 360®

New executive interviews from EnerCom’s The Oil & Services Conference™ 13 are now posted on Oil & Gas 360®

What do top energy sector executives …

What is Fueling the Crude Oil Inventory Rally?

What is Fueling the Crude Oil Inventory Rally?

crude_oil_inventory022015Crude oil inventories rose yet again in the Energy Information Administration’s (EIA) report for the week ended February 20, 2015, setting another record high. For those keeping track, the inventory has climbed by more than 60 million barrels since its …

PetroQuest Energy, Integrated Environmental Technologies and Nighthawk Energy Discuss 2015 Strategy in Exclusive Video Interviews with EnerCom’s Oil & Gas 360®

PetroQuest Energy, Integrated Environmental Technologies and Nighthawk Energy Discuss 2015 Strategy in Exclusive Video Interviews with EnerCom’s Oil & Gas 360®

New executive interviews from EnerCom’s The Oil & Services Conference™ 13 are now posted on Oil & Gas 360®

How are oil and gas companies working differently in the present commodity market?  How are companies managing their drilling programs and …

PetroQuest Energy Issues 2015 Forecast with Production & Reserves at Record-Highs

PetroQuest Energy Issues 2015 Forecast with Production & Reserves at Record-Highs

PetroQuest Energy (ticker: PQ), a micro-cap E&P focused on the Midcontinent and Gulf Coast regions, enters fiscal 2015 with its production volume and booked reserves at the highest in company history. Fiscal 2014 volumes of 118.7 MMcfe/d and reserves of …

Kosmos Energy Bucks the Capex Cut Trend

Kosmos Energy Bucks the Capex Cut Trend

Kosmos Energy (ticker: KOS), an oil and gas E&P company headquartered in Bermuda, announced a 2015 capital budget of $800 million in its Q4’14 results on February 23, 2015. The planned expenditures represents an increase of 52% compared to its …

Cabot Oil & Gas Banks on Low-Cost Operations, High-Return Marcellus Wells in Q4’14 Earnings

Cabot Oil & Gas Banks on Low-Cost Operations, High-Return Marcellus Wells in Q4’14 Earnings

Cabot Oil & Gas (ticker: COG), a large-cap E&P with operations in the Marcellus and Eagle Ford shales, reported company records for production and net income excluding selected items in its year-end 2014 earnings release. Full-year production in 2014 was …

BP Energy Outlook: United States “Likely” to be Self-Sufficient in Oil by 2030s

BP Energy Outlook: United States “Likely” to be Self-Sufficient in Oil by 2030s

BP Energy (ticker: BP) released its latest edition of the 2035 Energy Outlook on February 17, 2015, complete with supporting materials, a press release and a webcast. The landing page of the report can be accessed by clicking here.

BP …

EnerCom’s The Oil & Services Conference™ 13 Primer

EnerCom’s The Oil & Services Conference™ 13 Primer

toscEnerCom, Inc. is pleased to present its 13th edition of The Oil & Services Conference™ from the Omni Hotel in San Francisco. The two-day affair will feature 34 presentations from E&Ps, OilService providers and industry experts from around the …

EIA: North America Pacing the World in Tight Oil, Shale Gas Development

EIA: North America Pacing the World in Tight Oil, Shale Gas Development

The United States and Canada are the only two countries in the world to commercially produce both shale gas and tight oil, the Energy Information Administration said on February 13, 2015. Two other countries, China and Argentina, are the only …

Capital Spending News

Capital Spending News

Updates from March 3, 2015 include:

Anadarko Announces 2015 Capital Program And Guidance – Click for release.

  • Recap: 2015 guidance of $5.4 to $5.8 billion, down roughly 40% from 2014’s total of $9.3 billion. U.S. onshore activity will get the
Oil Prices Going Down, No, Up

Oil Prices Going Down, No, Up

Hofmeister looks for WTI to climb toward $100, while Morse sees one scenario at $20

John Hofmeister, former Shell Oil Company president, was on BNN today predicting the return–sooner than later–of much higher oil prices due to increasing decline rates, …

Callon Petroleum Fitting the Role of a Low-Cost Permian Producer

Callon Petroleum Fitting the Role of a Low-Cost Permian Producer

An Exclusive Interview with CPE’s CEO Fred Callon

Callon Petroleum (ticker: CPE) became a pure-play Permian Basin E&P no more than one year ago, but its efficiency in the United States’ greatest oil producing play is apparent. In a news …

Lonestar Resources Announces Increases Across the Board in Q4’14 Results

Lonestar Resources Announces Increases Across the Board in Q4’14 Results

Lonestar Resources, (OTCQX: LNREF, ASX: LNR), an oil and gas company with assets in the Eagle Ford and Bakken shales, reported its Q4’14 earnings on February 2, 2015. The Fort Worth-based E&P reported several company records despite the challenges associated …

Companies Begin to Apply for Seismic Testing Offshore in the Atlantic

Companies Begin to Apply for Seismic Testing Offshore in the Atlantic

Two applications for seismic surveys have been submitted following the announcement from the Obama administration that it would open up portions off the east coast for offshore drilling. The two companies, Spectrum Geo and GX Technology, both Houston based companies, …

Real Estate Developers Accelerate Projects in the Bakken Oil Field

Real Estate Developers Accelerate Projects in the Bakken Oil Field

“The oil supply is here and the demand will always be there.” – Jason Vedadi

Dropping oil prices may have put the brakes on a lot of E&Ps’ capital spending plans for 2015, but that’s not slowing down Jason Vedadi …