Exploration & Production (E&P) Archives

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

November 3, 2014

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 production while decreasing costs through the use of its fiber optic equipment. Off the Starting Blocks Fiber optics is a

EIA Reports Record High Crude Oil Exports

November 3, 2014

Re-exporting Canadian Oil through U.S. According to an Energy Information Administration (EIA) report released October 31, crude oil exports reached their highest levels in 57 years in July. The EIA reported that the United States exported 401,000 BOPD in July, marking the second highest monthly export volume since the EIA started publishing data in 1920. Due to current U.S. crude

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

November 3, 2014

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 world’s largest refining market or the Energy East conduit to Canada’s Atlantic coast that TransCanada Corp. (TRP) is also proposing, Prentice

Statoil Sees $200 Billion in Sales From Sverdrup Oilfield

November 3, 2014

BLOOMBERG – Statoil ASA (STL) said the Johan Sverdrup deposit will generate 1.35 trillion kroner ($200 billion) in revenue over 50 years after it starts pumping oil in 2019 as the company released an environmental impact assessment. The assessment is the first step of the development and operation plan that’s expected to be handled by parliament next year, Stavanger-based Statoil said

BPZ Energy Announces Gas Discovery at Onshore Block XXIII and Discussions for Gas Sales Pilot Project

October 31, 2014

BPZ Energy (BPZ) (BPZ), an independent oil and gas exploration and production company, today provided an operations update regarding the 2014 exploration campaign at onshore Block XXIII. Onshore Block XXIII (100% BPZ; 200,000 acres) Three onshore shallow exploration wells, ranging in depth from 3,500 to 3,800 feet, have been drilled at Block XXIII during 2014. These wells targeted the Caracol,

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

October 31, 2014

Nathan VanderKlippe, The Globe and Mail 6:44 AM, E.T. | October 31, 2014 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 federal government gave its approval of the $15.1-billion (U.S.) takeover of Nexen Energy ULC in late 2012, it came with

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

October 30, 2014

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 plays. AEP’s structure has expanded to a platform with subsidiaries named for their respective basins: the Marcellus, Permian, Utica and

Oil & Gas 360 Feature Article Oil Prices

Who Will Drive Global Oil Prices in 2015 – U.S. Shale Producers, Saudi Arabia or OPEC?

October 28, 2014

Falling oil prices have helped sell a lot of Rolaids lately, particularly in places like Houston where U.S. E&Ps are trying to plan their future drilling commitments, based on uncertain commodities prices in 2015. On Monday, some NYMEX options traders said they viewed $80 as a bottom, even on the heels of Goldman’s revised bearish oil forecast it released over the

An Oil & Gas 360® Exclusive Interview with John Gerdes, Head of Research for KLR Group

October 22, 2014

A 30-year oil and gas veteran gives his perspective on the E&P space, oil prices, OPEC, LNG and New York’s shale Oil & Gas 360® had an opportunity to speak with John Gerdes about the oil and gas industry from his perch in Houston as KLR Group’s Managing Director and Head of Research. KLR is a merchant and investment bank,

Oklahoma: Continental Resources Discovers the Springer Shale

September 18, 2014

“We bought one shale and got another one for free.” Continental Resources (ticker: CLR), the nation’s eighth-largest E&P based on market capitalization, held its 2014 Analyst Day today in Oklahoma City, its first since 2012. The Springer Shale is Unveiled At the Analyst Day, Will Parker, Senior Exploration Geologist, said CLR published a list of six stealth plays in 2012.

Royal Dutch Shell Touts Utica Discovery Near New York

September 9, 2014

The Utica is growing. Royal Dutch Shell (ticker: RDS.B) successfully drilled two Utica wells 100 miles northeast of the nearest producer in the play, the company announced in a press release on September 3, 2014. The wells, located in Tioga County, Pennsylvania, not only extend the sweet spot of the play, but are “comparable to the best publically announced thus

Barclays Estimates Global E&P Spending to Set Record in 2014; Horizontal Drilling in the Permian Pace North American Growth

December 10, 2013

Global exploration and production spending is poised to reach $723 billion in 2014, according to a 2014 Global E&P Spending Report by Barclays on December 9, 2013. The record will mark the first time spending has eclipsed the $700 billion mark, and represents an increase of 6.1% in regards to 2013’s total of $682 billion. Barclays estimates the United States

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