Exploration and Production (E&P)

Liquid Petroleum Gas Technology Aims to Boost Fracing Efficiency in Sub-$80 Oil Environment

Liquid Petroleum Gas Technology Aims to Boost Fracing Efficiency in Sub-$80 Oil Environment

We all know the emergence of hydraulic fracturing has spurred an energy revolution in North America, but that doesn’t mean there isn’t room for improvement. Operators and service companies alike are constantly evaluating different options and adjusting techniques to fully …

Sanchez Energy Reinforced by “Significant” Increase in Borrowing Base

Sanchez Energy Reinforced by “Significant” Increase in Borrowing Base

Sanchez Energy Corporation (ticker: SN), a rapidly expanding E&P targeting the Eagle Ford Shale, announced an increase of $287.5 million to its borrowing base in a press release on November 20, 2014. Per the terms of the commitment, SN has …

Oil prices turned firmly lower during midday trading on Tuesday. Crude futures were little changed earlier in the session, depressed by a report of record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC meeting next week. Oil & Gas 360

Important Changes to Severance, Use Taxes for Colorado Oil & Gas Producers

Two major decisions were made in Colorado state courts in the past 12 months regarding Colorado tax codes that affect many in the oil and gas industry in the state.

The first was made in BP America Co. v. Colorado

Operating within the Realities of Today’s Lower Oil Prices

Operating within the Realities of Today’s Lower Oil Prices

In November’s “Energy Industry Data and Trends,” EnerCom Consulting’s monthly report to subscribers that was issued Nov. 14, the analysts looked closely at well economics as management and directors of oil and gas companies across the industry prepare for board …

House Approves the Keystone XL Pipeline, but will it Really Matter?

House Approves the Keystone XL Pipeline, but will it Really Matter?

While TransCanada’s $8 billion project hangs in the balance, Canadian oil is already moving south

The landslide Republican victory in this month’s midterm elections will prompt changes in the business of politics and in the U.S. economy, but will they …

Kurdish Iraq to Create Its Own Publicly Traded E&P

Kurdish Iraq to Create Its Own Publicly Traded E&P

ISIS Loses Oil Production

In the aftermath of last month’s U.S. air strikes that damaged the Islamic State’s (ISIS) captured oil field operations in Syria and Iraq, news outlets have reported that the attacks disrupted the group’s ability to make …

Cash-Strapped School District Turns to Natural Gas Drilling for Funding

Cash-Strapped School District Turns to Natural Gas Drilling for Funding

District will receive $500,000 up-front payment if gas is found beneath the school property, then 17% royalties

Pittsburgh’s East Allegheny School District gave the thumbs up to natural gas drilling on middle school property to raise much needed funds for …

VAALCO Energy: First Production from New Offshore Pads Expected by Year-End 2014

VAALCO Energy: First Production from New Offshore Pads Expected by Year-End 2014

VAALCO Energy, Inc. (ticker: EGY) reported net income of $3.1 million ($0.05 per diluted share) in its Q3’14 earnings release, but the company is already anticipating results for the fourth quarter. The independent energy company based in Houston, Texas, is …

Increased Shale Gas Production Will Supply Bulk of U.S. LNG Export Demand, EIA Concludes

Increased Shale Gas Production Will Supply Bulk of U.S. LNG Export Demand, EIA Concludes

Increased natural gas production is projected to satisfy 60% to 80% of a potential increase in demand for added liquefied natural gas (LNG) exports from the Lower 48 states, according to recently released EIA report.

The report, Effect of Increased

An ONGC Asset Manager at Mori Source: ONGC

India Seeks to Increase Natural Gas Production by 75%

India’s ONGC Limited poised to become major international player

India’s Petroleum Ministry has forecast an estimated 75% increase in natural gas production over the next five years, according to a Mining Weekly article. Currently, India’s gas production is around …

Judge: Anadarko to Pay $5.15 Billion in Tronox Cleanup Deal

Judge: Anadarko to Pay $5.15 Billion in Tronox Cleanup Deal

Largest environmental cleanup in DOJ history ends uncertainty for APC: stock celebrates

Manhattan federal Judge Katherine Forrest approved a deal yesterday to have Anadarko Petroleum Corp. (ticker: APC) pay $5.15 billion to clean up nuclear fuel and other pollution in …

Chart of the Week: Eagle Ford Leading the Charge in Oil Production

Chart of the Week: Eagle Ford Leading the Charge in Oil Production

The Energy Information Administration (EIA) released its monthly Drilling Productivity Report today, complete with production projections through year-end 2014.

In review, the rig count of the four major oil basins (Bakken, Eagle Ford, Niobrara and Permian) increased by 113 from …

Environmental Groups in Utah File Against Approved Natural Gas Pipeline

Environmental Groups in Utah File Against Approved Natural Gas Pipeline

Groups say Bureau of Land Management was wrong to approve project

The Southern Utah Wilderness Alliance and the Sierra Club have filed an appeal challenging a Bureau of Land Management (BLM) decision in Utah, last Friday. The two groups say …

Oil & Gas 360® Looks at Canada’s E&Ps – Part One

Oil & Gas 360® Looks at Canada’s E&Ps – Part One

Canada is home to a large number of public companies that are developing hydrocarbon resources on both sides of the border. In this series, Oil & Gas 360® takes a closer look at some of the promising operators in Canada’s …

Sanchez Energy Revises 2015 Drilling Plans in Latest Record Quarter

Sanchez Energy Revises 2015 Drilling Plans in Latest Record Quarter

Production volumes continue to rise for Sanchez Energy Corporation (ticker: SN), an Eagle Ford-focused E&P nearing the third anniversary of its 2011 initial public offering. The landmark acquisition of its Catarina asset in May 2014 doubled its asset base and …

Door Opens for Energy Boom in Southern Illinois

Illinois Prepares to Join the Energy Boom

After a Year of Haggling, Lawmakers Greenlight New Drilling Rules

On Nov. 6, lawmakers in Illinois signed off on rules to regulate high-volume oil and gas drilling and completions, paving the way for what local industry hopes will result in …

PetroQuest Energy through Nine Months of 2014:  Repeatable, Sustainable and Thunder

PetroQuest Energy through Nine Months of 2014: Repeatable, Sustainable and Thunder

More Hz Drilling in Cotton Valley and Woodford with a Gulf Coast Catalyst around the Corner

In a non-deal roadshow in mid-October, PetroQuest Energy (ticker: PQ) executives told investors and analysts that they expected the company would end 2014 …

Fracturing Bans in Texas, California Win Voter Approval

Fracturing Bans in Texas, California Win Voter Approval

 

UPDATE: The Texas Oil and Gas Association (TXOGA) has filed an injunction in state court in Denton to stop a fracing ban passed by the city. According to the TXOGA petition, “the ordinance … exceeds the limited …

Acorn Energy Update: U.S. Seismic Backed by Positive Reviews, New Director

Acorn Energy Update: U.S. Seismic Backed by Positive Reviews, New Director

Acorn Energy Inc. (ticker: ACFN) is a multi-faceted holding company with four portfolio companies focused on underwater security solutions, power generation and delivery, and fiber optic sensing solutions. US Seismic Systems, Inc. (USSI) is focused on increasing oil and gas …

Jim Prentice, Alberta Premier

Canada’s Oil Sands Crude will Reach Gulf Coast Without Keystone XL: Jim Prentice

By Bloomberg Nov. 3, 2014

Oil-sands crude will supply Gulf Coast refineries regardless of how President Barack Obama rules on the Keystone XL pipeline, Alberta Premier Jim Prentice said.

Developers of Alberta’s oil sands can use trains to reach the …

Alberta pushes for rule change to spur Chinese investment, gain access to global markets

Alberta pushes for rule change to spur Chinese investment, gain access to global markets

Alberta’s new political leadership is calling on Ottawa to take another look at foreign investment rules blamed for a dramatic drop in energy investments from China.When the
American Energy Partners Update: What is McClendon Up to Now?

American Energy Partners Update: What is McClendon Up to Now?

Aubrey McClendon has had little time off since his publicized ouster from his first E&P empire (Chesapeake Energy – ticker: CHK). Since founding American Energy Partners (AEP) in April 2013, McClendon has quietly amassed acreage in several major North American …

Synergy Resources: No Fear of Oil Prices

Synergy Resources: No Fear of Oil Prices

On Wednesday, OPEC’s secretary-general Abdalla Salem el-Badri told an energy conference that oil price weakness would likely hit output of shale oil hard, the Wall Street Journal reported. “At this price, 50% of tight oil will be out of the …