FourPoint Energy, LLC announced a new equity financing agreement and the closing of a strategic upstream and midstream acquisition in the Anadarko Basin.
Quantum Energy Partners has agreed to invest $489 million in common equity in FourPoint, making it one …
Canadian Natural Resources (ticker: CNQ) said that at its upcoming 2017 year-end board meeting on February 28, 2018, company President Steve Laut will assume the role of executive vice chairman, and Tim McKay, currently COO, will be promoted to president.…
Bellatrix Exploration Ltd. (ticker: BXE) announced a 2018 capital budget of $60 to $80 million. This budget is designed to create average production volumes of between 35,000 …
Raging River Exploration Inc. (ticker: RRX) set a 2018 capital budget of $335 million. The budgeted capital expenditures are expected to increase annual average production in 2018 to 24,500 BOEPD (92% oil) with fourth quarter 2018 production estimated at 26,000 …
Earlier this week Pittsburgh-based EQT Corporation (ticker: EQT) turned in line the longest lateral completed to date by any operator in the Marcellus.
The Haywood H18 …
Advantage Oil & Gas Ltd. (ticker: AAV) said that the company’s board of directors has approved a 2018 capital budget of $175 million. The budget is funded through cash flow and will advance the Montney development and increase liquids production …
Panhandle Oil and Gas Inc. (ticker: PHX) released its Q4 results today along with an operations update.
From the Carlsbad Current-Argus
Many oil and gas operators and water producers in the Permian Basin region are adjusting their operations to conserve water from one of the country’s largest underground aquifers, six months after the New Mexico State Land …
The North Dakota Industrial Commission released its September 2017 oil production data this week, reporting per-well production across the state.
The largest oil producers in the Bakken/Three Forks plays in North …
Oasis Petroleum (ticker: OAS) has joined much of the industry in riding the surge into the …
According to an SEC 8-K form filed December 7, 2017, the board of directors at Whiting Petroleum Corporation have “concluded that a material charge for impairment to one of its assets was required under generally accepted accounting principles applicable to …
In the Wattenberg field, Boulder County has filed motions to dismiss 8 North LLC’s applications for additional density, arguing that the …
Ensign Energy Services Inc. (ticker: ESI) announced a CapEx of $64 million, comprised of $43 million for capital maintenance on the fleet and $21 million for equipment and optimization upgrades to the current fleet. Ensign said that the capital plan …
“China supports domestic enterprises to increase natural gas output and at the same time to diversify imports of the resource,” …
The North Dakota Supreme Court today ruled in favor of the North Dakota Industrial Commission, Oil and Gas Division (OGD) regarding a case seeking a civil penalty plus costs and expenses from Black Hills Trucking (BHT) for illegally dumping saltwater …
The State of Alaska held a record-breaking oil and gas North Slope lease sale on Dec. 6, netting competitive bids from investors around the world.
The Division of Oil and Gas reported that …
From Bloomberg
For America’s shale drillers, the tipping point to boost production looks to be $60 a barrel.
It’ll take a sustained run above that …
From the Financial Times
The industry is excavating dunes for frac sand, which is pumped into wells to crack open rocks and get oil and gas flowing.
The deposits are in demand because …
Bill Barrett Corporation (ticker: BBG) announced a merger with Fifth Creek Energy yesterday, creating a company with more than $1 billion in initial equity value. Bill Barrett held a conference call today, allowing investors to examine the specifics of the …
The Permian has experienced massive production growth this year, adding more than 560 MBOPD with no signs of slowing down.
Companies in the Permian expect to grow even more next year, further cementing …
Bill Barrett (ticker: BBG) announced the acquisition of Fifth Creek Energy after markets closed Tuesday, in a transaction valued at about $650 million.
The agreement will see Bill Barrett and Fifth Creek each become subsidiaries of a new holding company, …
Norway’s Statoil (ticker: STO) approved the largest offshore development this year today, approving the Johan Castberg project in the arctic Barents Sea.
Discovered in 2011, Johan Castberg is farther north than Prudhoe Bay in …
Maersk Oil announced the largest-ever investment in the Danish portion of the North Sea today, redeveloping the country’s largest gas condensate field.
The Danish Underground Consortium, made up of Maersk …
U.S. drilling activity rose again this week, the fourth straight week of increases, according to the latest edition of Baker Hughes Rig Count.
Six rigs began activity this week, meaning …
Contango Oil & Gas (ticker: MCF) announced an update on its operations today, covering activity in its Permian acreage.
Contango expects it will maintain its current one-rig drilling program throughout 2018, now that it has de-risked …
Texas Comptroller Glenn Hegar has announced the transfer of $1.47 billion into the State Highway Fund and the Economic Stabilization Fund (ESF), …
From the Mat-Su Valley Frontiersman
Not long ago, people were writing off Cook Inlet as a depleted oil producing basin. State agencies were focusing on how to safely …
Activist investor Carl Icahn published an open letter today, responding to SandRidge’s (ticker: SD) …
E&P investors are shifting priorities, and are beginning to reject “growth for growth’s sake” in favor of shareholder returns. Cash returns are elusive in a capital-intensive industry, though, …
