The northern Denmark town of Frederikshavn has granted Total SA permits to drill the country’s first test wells for shale gas, according to a PetroGlobal News report. In 2013, Denmark produced less energy than it consumed for the first time since 1997, according to a June 26 Reuters report. In 2013 Denmark’s output of oil and gas fell by 13%
Wells Fargo Equity Research hosted a conference call July 2 with management from privately held Liberty Resources to discuss the slickwater completion technique it has used in the Bakken. In its follow-up research note, Wells Fargo’s E&P team summarized the call as follows: “Liberty’s philosophy is ‘reservoir stimulation, not proppant disposal’. To enhance contact area and conductivity, Liberty generally uses
Former U.S. Congressman Bob Beauprez won Colorado’s Republican gubernatorial nomination with 31% of Republican votes. In November, Beauprez will challenge Democrat incumbent Governor John Hickenlooper to become the state’s chief executive. How do the two candidates compare — on paper? Born in Lafayette, Colorado on September 22, 1948, Beauprez grew up on his family’s dairy farm. He majored in physical
Bloomberg reported last week that Goldman Sachs, Societe Generale SA and BlackRock all see natural gas staying in the $4.00 – $5.50 range for the next 10-20 years. “Rising U.S. shale gas production is driving fear out of the futures market, says Goldman Sachs Group Inc., and will constrain prices for the next two decades,” Bloomberg reported. Steadily growing domestic
Public sentiment about hydraulic fracture stimulation (fracing) and other aspects of oil and gas exploration and production in Colorado has generated a lot of sentiment in recent months. A variety of Colorado municipalities want to institute local rules, ballot initiatives have been proposed, signatures are being collected, Congressman Jared Polis and Governor John Hickenlooper have weighed in, some local bans
PetroQuest Energy (ticker: PQ) is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in the Arkoma Basin, East Texas, South Louisiana and the shallow Gulf of Mexico. The company has largely transitioned from gas drilling to focusing on liquids-rich projects and expects 2014 to be its best year in company
Residents of Loveland voted against a moratorium on fracing on June 24, the first city in Colorado to do so. Loveland is the sixth Colorado city to put a halt on fracing to a vote according to the Coloradoan. The other five—Boulder, Fort Collins, Lafayette, Broomfield and Longmont—have put delays, bans, or restrictions on fracing. Loveland has passed restrictions in
Synergy Resources Corporation (ticker: SYRG) is a domestic oil and natural gas exploration and production company with 392,000 gross (286,000 net) acres under lease. Synergy’s core area of operations and all of its production comes from the Denver-Julesburg Basin, which encompasses Colorado, Wyoming, Kansas and Nebraska. The company’s core operations are focused on the Wattenberg Field. Currently, two rigs are
EnerCom traveled with Lonestar Resources, Ltd. (ticker: LNREF, LNR) to meet with institutional investors on a non-deal roadshow in Dallas and Houston during June 2014. Click here for the company’s latest presentation. Lonestar Resources is a leading independent oil and gas company involved in exploration, production, and acquisition of unconventional oil and gas reserves. The company’s growth is focused on
Sempra Energy (ticker: SRE) has received approval from the Federal Energy Regulatory Commission (FERC) to build the second liquefied natural gas (LNG) export plant in the United States, according to a company press release on June 19, 2014. The plant will be located in Hackberry, Louisiana and will have a capacity of 1.7 Bcfe/d. Construction is scheduled to begin in
The United States Department of Labor reported job growth of 217,000 new jobs for the month of May, marking the fourth straight month of gains greater than 200,000. The labor market has not seen such persistent job growth since the late 1990s and adds intrigue to the Federal Reserve’s ongoing discussions on when to raise interest rates. Total employment is
Bellatrix Exploration Ltd. (ticker: BXE) is a Calgary-based E&P operating in the Western Canada Sedimentary Basin. Its main targets are the Cardium and Notikewin/Falher intervals located near Edmonton. The company was formed in 2009 through a plan of arrangement with True Energy Trust and now trades on both the Toronto Stock Exchange and the NYSE MKT. Bellatrix was producing roughly
