Paul Welch, Chief Executive Officer – Chariot Oil & Gas (OIGLF) Paul has extensive oil and gas industry experience having worked for Shell International for 12 years, followed by a further eleven years with independent companies, most recently with Hunt Oil and Pioneer Natural Resources prior to joining Chariot Oil & Gas in October of 2009. Paul is an engineer
Jeff Ventura, President and COO of Range Resources (RRC) presented today at EnerCom’s The Oil & Gas Conference® 17. Range Resources specializes in the exploration, development, and acquisition of oil and gas properties. Its current major divisions include Midcontinent, Marcellus, Southern Appalachia, and Southwest regions. During the company’s breakout session, management was asked the following questions: What do your current
NATURAL GAS INVENTORY (Week Ended 7/20/12) Current: 3,189 Bcf Actual Injection/(Withdrawal): 26 Bcf Economist Average Estimate: 26 Bcf Previous: 3,163 Bcf Click here for the chart with five year averages. NATURAL GAS IN THE MEDIA *Loss Of Free Carbon Permits Make Centrica Stations Unprofitable – Bloomberg The loss of free-of-charge European Union carbon permits next year will make an unspecified
HOUSTON, July 25, 2012 /PRNewswire/ –Cabot Oil & Gas Corporation (ticker: COG) today announced that the US Environmental Protection Agency (EPA) has determined, “that there are not levels of contaminants present that would require additional action by the Agency.” This statement, from their release, is the result of data from a second, confirmatory set of water samples from its testing
Penn Virginia Corporation (ticker: PVA) announced it entered into a Purchase and Sale Agreement to sell substantially all of its Appalachian assets, with the exception of the Marcellus Shale, to an undisclosed buyer for gross cash proceeds of $100MM. The sale is expected to close before mid-August 2012 with an effective date of January 1, 2012. PVA intends to use
GMX Resources (ticker: GMXR) is an oil and natural gas exploration and production company targeting oil prospects in the Williston Basin Bakken/Three Forks, and the DJ Basin Niobrara. GMXR also operates in the Haynesville/Bossier Formation and the Cotton Valley Sand Formation in the East Texas Basin. On July 17, 2012, GMXR proposed a sale of a portion of its Cotton
On Sunday July 1, 2012, Mexicans went to the polls to cast their vote for president. Election authorities predict that Enrique Pena Nieto as the winner. The 45-year old former governor of the state of Tabasco, who is married to a Mexican soap opera star, was estimated to have captured approximately 38% of the vote, 7% more than his nearest
U.S. Energy Corp. (NASDAQ: USEG) is a natural resource exploration and development company with a primary focus on the exploration and development of its oil and gas assets in the Williston Basin in North Dakota and Montana, Eagle Ford Shale play in South Texas, as well as its most recent entrance into the Woodbine play in Texas. OAG 360 notes
Penn Virginia (ticker: PVA) is an exploration and production oil and gas company based in Radnor, PA with district operating offices in Houston, Pittsburgh, and Tulsa. The company has a geographically diverse portfolio of oil, NGL and natural gas assets with producing and/or prospective properties located principally in East Texas, Oklahoma, south central Texas, southern Mississippi, and Appalachia. PVA is
How is value measured? Analysts talk and write about a stock because the company creates value. Does “value” mean “cheap?” Buy low, sell high. That formula is not working with Facebook (ticker: FB) at the moment. That’s more like buy high, short sell, but we recognize that it is early for FB and its “friends.” Yahoo (ticker: YHOO) went public
A strategic inflection point was taken today by BPZ Energy (NYSE: BPZ). Joint Venture with Pacific Rubiales at Block Z-1 On April 27, 2012, BPZ formally announced a much anticipated joint venture with Pacific Rubiales Energy Corp. (TSX: PRE) to explore and develop offshore Block Z-1. Pacific Rubiales will pay BPZ $150 million in cash and has committed $185 million
Equal Energy Ltd. (TSX, NYSE: EQU) signed an agreement with Atlas Resource Partners, L.P. (NYSE: ARP) to sell 50% of its interest in approximately 14,500 net undeveloped acres prospective for Mississippian light oil for total cash consideration of approximately US$18 million, or approximately $2,482 per acre. OAG360 has seen per-acre amounts paid ranging between $1,331 to $4,425 for Mississippian-aged prospective
