Offshore

Energy XXI Upsizes Convertible Notes Offering to $350 Million; Fiscal 2014 CAPEX Program Fully Funded

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company has implemented an “acquire and exploit” growth strategy to build a …

November 22, 2013 - 5:49 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles
Saratoga Resources Announces Plans for Newly-Acquired Gulf Properties; Lease in Little Bay Approved

Saratoga Resources Announces Plans for Newly-Acquired Gulf Properties; Lease in Little Bay Approved

Saratoga Resources Inc. (ticker: SARA) is an oil and gas exploration and production company concentrating on abundant, low-risk drilling opportunities located in the transition zone off the coast of Louisiana. In some places, including the company’s Grand Bay field, approximately …

November 22, 2013 - 5:25 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles
Afren plc Exceeds Pre-Drill Estimates by 283% in Wild Cat Discovery in Offshore Nigeria

Afren plc Exceeds Pre-Drill Estimates by 283% in Wild Cat Discovery in Offshore Nigeria

Afren plc (ticker: AFR) is an independent upstream oil and gas exploration and production company listed on the main market of the London Stock Exchange. Afren is currently producing from its assets offshore Nigeria and Côte d’Ivoire and holds further …

November 19, 2013 - 3:56 pm Discoveries & Formations, Offshore, Oil and Gas 360 Articles

CARBO Ceramics Reports Revenue Increase of 33% in Q3’13 Results

CARBO Ceramics Inc. (ticker: CRR) is the world’s largest supplier of ceramic proppant for fracturing oil and gas wells and a supplier of resin-coated sand proppant; the provider of the industry’s most widely used fracture simulation software; and a provider …

November 1, 2013 - 3:44 pm International, Offshore, Oil and Gas 360 Articles

Whiting Petroleum Ready to Accelerate in the Redtail, Reaches Record Discretionary Cash Flow in Third Quarter Earnings Release

Whiting Petroleum Corporation (ticker: WLL) is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas and natural gas liquids primarily in Williston Basin and Permian Basin regions of the United States. The …

Occidental Petroleum Pursuing Sale of Assets to Right-Size Company

Occidental Petroleum Corporation (ticker: OXY) is an international oil and gas exploration and production company with operations in the United States, Middle East/North Africa and Latin America regions. Oxy is one of the largest U.S. oil and gas companies, …

October 21, 2013 - 11:08 am Offshore, Oil and Gas 360 Articles, Regulatory

Gulf of Mexico Hurricane Season Quieter than Expected

As Tropical Storm Karen dissipated, so have concerns of what was previously expected to be a difficult hurricane season.

After Tropical Storm Karen passed, the National Weather Service listed no coastal watches or warnings. Crude oil in the Gulf …

October 8, 2013 - 11:47 am Offshore, Oil and Gas 360 Articles
Harvest Natural Resources Announces Gabon Asset Sale Negotiations

Harvest Natural Resources Announces Gabon Asset Sale Negotiations

Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with primary assets in Venezuela, exploration assets in Indonesia, West Africa, China and business development offices in Singapore and the United Kingdom.

On September 30, …

October 1, 2013 - 12:46 pm International, Offshore, Oil and Gas 360 Articles

Energy XXI Prices $500 Million Senior Notes – Proceeds Going to Pay down Debt

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company has implemented an “acquire and exploit” growth strategy to build a …

September 25, 2013 - 4:00 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles
Saratoga Resources Adds Gulf of Mexico Leases Following Zeke Well Test Results

Saratoga Resources Adds Gulf of Mexico Leases Following Zeke Well Test Results

Saratoga Resources Inc. (ticker: SARA) is an oil and gas exploration and production company concentrating on abundant, low-risk drilling opportunities located in the transition zone off the coast of Louisiana. In some places, including the company’s Grand Bay field, approximately …

September 13, 2013 - 3:50 pm Offshore, Oil and Gas 360 Articles
Harvest Natural Resources in Negotiations to Sell Company, Spin-Off Assets

Harvest Natural Resources in Negotiations to Sell Company, Spin-Off Assets

Harvest Natural Resources, Inc., (ticker: HNR) headquartered in Houston, Texas, is an independent energy company with principal operations in Venezuela, exploration assets in Indonesia, West Africa, China and business development offices in Singapore and the United Kingdom.

HNR recently presented …

Companies Cautious With Western Gulf of Mexico Lease Sale 233

Companies Cautious With Western Gulf of Mexico Lease Sale 233

The Bureau of Ocean Energy Management (BOEM) held its Western Gulf of Mexico (GOM) Lease Sale 233 on August 28, 2013, which raised $102.4 million in high bids. The event auctioned 3,873 tracts from nine to 250 miles offshore, in …

August 28, 2013 - 3:33 pm Offshore, Oil and Gas 360 Articles, Politics & Opinions
Energy XXI Reports Expanded Reserve Base; New Subsalt Opportunities Complement Horizontal Drilling; 2014 Forecast – Up!

Energy XXI Reports Expanded Reserve Base; New Subsalt Opportunities Complement Horizontal Drilling; 2014 Forecast – Up!

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company has implemented an “acquire and exploit” growth strategy to build a …

August 23, 2013 - 4:03 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles

New Executive Interviews from EnerCom’s The Oil & Gas Conference® 18 Now Posted

EnerCom, Inc. today posted video interviews with executives on Oil & Gas 360®, the company’s one-stop source of oil and gas news, information and analysis from the professionals at EnerCom, Inc.

The interview series conducted at EnerCom’s The Oil & …

August 21, 2013 - 6:15 pm Offshore, Oil and Gas 360 Articles, Oilfield Services

U.S. and Mexico to Jointly Develop Gulf of Mexico

An agreement between the U.S. and Mexico is prompting U.S. oil and gas offshore operators in the Gulf of Mexico to brush up on their Spanish.

The passage of H.R. 1613 in the U.S. House of Representative is expected to …

July 3, 2013 - 11:44 am Offshore, Oil and Gas 360 Articles, Politics & Opinions
Saratoga Resources Going Horizontal on the Gulf of Mexico Shelf

Saratoga Resources Going Horizontal on the Gulf of Mexico Shelf

Saratoga Resources Inc. (ticker: SARA) is an oil and gas exploration and production company concentrating on abundant, low-risk drilling opportunities located in the transition zone off the coast of Louisiana. In some places, including the company’s Grand Bay field, approximately …

July 2, 2013 - 1:00 pm Offshore, Oil and Gas 360 Articles
Afren Makes Discovery Offshore Nigeria – Prospective Resources Exceed Expectations

Afren Makes Discovery Offshore Nigeria – Prospective Resources Exceed Expectations

Afren Plc (ticker: AFR) and Lekoil (ticker: LEK) jointly announced a major discovery of significant light oil accumulation at the Ogo-1 well located on the OPL 310 license offshore Nigeria. Today’s discovery confirms the extension of the same Cretaceous sandstones …

New Executive Interviews from EnerCom's London Oil & Gas Conference™ 5 Now Posted

EnerCom, Inc. today posted video interviews with executives on Oil & Gas 360®, the company’s one-stop source of oil and gas news, information and analysis from the professionals at EnerCom, Inc. The interview series conducted in London at EnerCom’s London …

June 24, 2013 - 10:12 am Offshore, Oil and Gas 360 Articles

Callon Petroleum Marketing Last Remaining Deepwater Asset

Callon Petroleum (ticker: CPE) is engaged in the acquisition, development, exploration and operation of oil and gas properties in Texas, Louisiana and the offshore waters of the Gulf of Mexico. In 2009, Callon began a strategic initiative to diversify its …

April 30, 2013 - 5:41 pm Offshore, Oil and Gas 360 Articles

Crude Oil Cuttings (Week Ended 4/12/13)

CRUDE OIL INVENTORY/’000 bbls 

Current: 387,641
Actual Build/(Withdrawal): (1,233)
Economist Average Estimate: 1,082
Previous: 388,874

Click here for the chart with five year averages.

IN CASE YOU MISSED IT

*VIDEO: U.S. Need for Oil Is `Shrinking,’ Petrie Says – Bloomberg

Energy XXI CEO John Schiller on CNBC's Mad Money

Energy XXI’s Chairman and CEO John Schiller appeared on CNBC’s Mad Money to talk about the disconnect between WTI and Brent crude oil prices, EXXI’s joint venture with Apache to explore the Gulf of Mexico shelf, and the company’s strategy …

April 16, 2013 - 11:57 am Offshore, Oil and Gas 360 Articles
Central Gulf of Mexico Lease Sale – Come on in, the Water is Fine!

Central Gulf of Mexico Lease Sale – Come on in, the Water is Fine!

The Bureau of Ocean Energy Management (BOEMRE) held its Central Gulf of Mexico lease sale on March 20, 2013, generating $1.2 billion for the U.S. government.  Approximately 52 companies submitted 407 bids on 320 tracts off the coasts of Louisiana, …

March 21, 2013 - 5:14 pm Offshore, Oil and Gas 360 Articles
Saratoga Resources and Energy XXI Host Third Annual Reception for Louisiana Governor Bobby Jindal

Saratoga Resources and Energy XXI Host Third Annual Reception for Louisiana Governor Bobby Jindal

Saratoga Resources, Inc. (ticker: SARA) and Energy XXI (ticker: EXXI) will host a third annual reception for Louisiana Governor Bobby Jindal at the Windsor Court Hotel in New Orleans on Wednesday, March 27, 2013 (6:00-8:00 pm CDT). Saratoga and Energy …

March 13, 2013 - 3:53 pm Offshore, Oil and Gas 360 Articles

EnerCom's Oil & Gas 360 Reports Updated (As of September 30, 2012)

EnerCom’s 360 Reports offer a quick look at the operational and financial performance highlights of E&P and Oilservice companies. The reports include data on the prior four financial reporting periods (either quarterly or semi-annual) as well as annual data on …

December 18, 2012 - 10:21 pm Offshore, Oil and Gas 360 Articles, Oilfield Services
EIA Provides a Glimpse of 2013 Annual Energy Outlook to 2040

EIA Provides a Glimpse of 2013 Annual Energy Outlook to 2040

EIA’s Annual Energy Outlook (AEO) Early Release report was published on December 5, 2012, as a teaser to its full report to be published in the spring of 2013.  Nonetheless, the energy trends brought forth in the report were illuminating …

December 7, 2012 - 3:12 pm Offshore, Oil and Gas 360 Articles

Harvest Natural Resources, Inc Not Sitting Back and Waiting

On October 12, 2012, Harvest Natural Resources, Inc. (ticker: HNR) announced its sale of $79.8 million aggregate principal amount of 11% senior unsecured notes due October 11, 2014, and warrants to purchase up to 686,761 shares of its common …

October 19, 2012 - 10:17 pm Offshore, Oil and Gas 360 Articles

Gulf of Mexico M&A Surging

According to Credit Suisse’s September 2012 research report titled “Oil: Fundamentals & US Oil Production Outlook,” U.S. Gulf of Mexico (GOM) production could increase by 700,000 barrels per day between 2012 and 2018.

Super majors have long since realized the …

September 18, 2012 - 8:19 pm Offshore, Oil and Gas 360 Articles

A View on Offshore Namibia Exploration

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 …

September 14, 2012 - 3:40 pm Offshore, Oil and Gas 360 Articles

PXP Goes Deep Purchasing $6.1 Billion of Gulf of Mexico Producing Properties

In two separate transactions, Plains Exploration and Production (ticker: PXP) purchased approximately 67,000 BOEPD (combined 84% oil and NGLs) of Gulf of Mexico production for $6.1 billion. The largest chunk, 59,500 BOEPD, was purchased for $5.5 billion from BP (ticker: …

September 10, 2012 - 10:23 pm Offshore, Oil and Gas 360 Articles

Balance Sheet Bingo: Harvest Announces Common Stock Exchange Agreements and Possible Notes Offering

Harvest Natural Resources, Inc. (HNR) recently announced two agreements to exchange common stock for outstanding senior notes and announced it is considering offering $75 million in new senior notes.

Under the terms of the exchange agreement, $4,651,000 of …

August 23, 2012 - 3:13 pm Offshore, Oil and Gas 360 Articles