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How the U.S. Will Handle the OPEC-Russia Spigot

How the U.S. Will Handle the OPEC-Russia Spigot

Except for a small drop in the amount of oil produced in 2016, with return to the upswing in 2017, American production has been on a steady increase ever since 2008. Even during the 2014-2016 price crash, U.S. E&Ps hunkered …

Refiners Join Forces: Marathon to Acquire Andeavor for $23 Billion

Refiners Join Forces: Marathon to Acquire Andeavor for $23 Billion

Deal will create the largest U.S. refiner

Marathon Petroleum Corp. (ticker: MPC) and Andeavor (ticker: ANDV) have entered into a definitive merger agreement under which MPC will acquire all of ANDV’s outstanding shares, representing a total equity value of $23.3 …

Round 3.1 Overview Map

16 Contracts Awarded to 12 Bidders in Mexico’s Shallow Water Auction Round 3.1

Results of Mexico’s Shallow Water Auction – Round 3.1

18 bidders participated in the event

16 contracts were tendered to 12 bidders

On Tuesday, the opening of bids and awarding of exploration and hydrocarbons production contracts for the First Tender …

EnCap-Backed PetroLegacy Snags 20,000 Midland Acres from Pioneer

A $5.5 Billion Private Giant in the Midland: Endeavor Energy Resources

At 44.1 MBOEPD, Endeavor Energy Resources is a private name which stands large in the Midland Basin

The Permian Basin continues to be the hottest basin in the country, with companies piling in and investors willing to give them premium …

Extraction Oil & Gas Prepares to Invest $770-$840 Million 2018 CapEx

Extraction Oil & Gas Prepares to Invest $770-$840 Million 2018 CapEx

2018 capital program, production and operating expense guidance

  • The company expects its full-year 2018 average net sales volumes to be 87-93 MBOEPD, with 42.5-45.5 MBbl/d of crude oil, which at the midpoint represents 76% total equivalent growth and 83% crude
QEP Q3: Refrac Program Boosts Haynesville Production 60% Without a Drilling Rig

QEP Q3: Refrac Program Boosts Haynesville Production 60% Without a Drilling Rig

Pinedale divestiture and Permian Basin acquisition accelerate transition of QEP to a crude-oil company, successful Haynesville refracs push production up 60% – without a drilling rig

The third quarter was good for QEP Resources (ticker: QEP). QEP closed its acquisition …

New Report: U.S. Oil Will Smash Records in 2018 – EIA

New Report: U.S. Oil Will Smash Records in 2018 – EIA

Yearly, quarterly, monthly production records going up

U.S. crude oil production remains on track to break records next year, according to a note from the EIA today. Current forecasts call for crude production of 9.4 MMBOPD in the second half …

2016: The World’s Largest Public Oil & Gas Companies

2016: The World’s Largest Public Oil & Gas Companies

Russian Companies Top the List

Forbes has released its 2016 ranking of the world’s largest public oil and gas companies.

With 2015 in the books, after a year of turmoil in a capital-intensive industry that was slammed by diving …