Shell Will Increase Vaca Muerta Shale Production
December 28, 2018
Shell Argentina invests to increase shale output after selling downstream assets
GeoPark Increases Stake in Colombia and Chile, Announces Share Buy Back
December 21, 2018
Latin America-based GeoPark Limited (stock ticker: GPRK) has been extending its reserves and announced plans to buy back shares in 2019. Last month, GeoPark increased its equity interest to 100% in its Colombian and Chilean businesses, blocks, and reserves, including the Llanos 34 block (GeoPark operated, 45% WI) in Colombia. In doing so, GeoPark acquired and closed on LG InternationaI’s
Calfrac Announces 2019 Capital Program
December 6, 2018
Calgary-based Calfrac Well Services Ltd. (stock ticker: CFW) provided details today on its 2019 capital program: Approximately $149 million will be spent, including $126 million of maintenance capital $11 million of refurbishment capital and $12 million related to corporate initiatives Approximately $10 million that is remaining from Calfrac’s 2018 capital program is expected to be spent in 2019 Fernando Aguilar, Calfrac’s president and CEO, said that more than 80% of the
Argentina Re-Ignites Labor Deal to Spur Investment in Vaca Muerta
August 31, 2018
From Reuters BUENOS AIRES (Reuters) – Argentina relaunched a one-year-old agreement between the government, companies and workers on Tuesday to drive competition and spur development in the Vaca Muerta shale play, the government said in a statement. Argentina’s President Mauricio Macri walks during his visit to the Loma Campana Vaca Muerta shale oil and gas drilling site, owned by Argentina’s
GeoPark Production Moves to 35 MBOEPD
April 11, 2018
Latin American E&P operator GeoPark Limited (ticker: GPRK) released a production update today, noting that current production is currently at 35 MBOEPD. This figure includes production from the recent Argentina acquisition. Oil production increased by 33% to 27,345 BOPD (up 8% compared to Q4 2017) Colombian oil production increased by 37% to 26,303 BOPD (up 8% compared to Q4 2017)
Eco-Stim Energy Pushes Further Into STACK
March 13, 2018
Eco-Stim Energy Solutions, Inc. (ticker: ESES) reported a net loss of $26.9 million, or $(0.41) per basic and diluted share for the full year of 2017. For Q4 2017, EcoStim reported a net loss of $9.1 million, or $(0.12) per basic and diluted share. Total capital expenditures during the fourth quarter of 2017 were approximately $10.7 million, compared to $16.9
PentaNova and YPF Heading to Argentina’s Largest Heavy Oil Fields
November 27, 2017
PentaNova Energy Corp. (ticker: PNO) signed the final agreement with Argentina’s National Oil Producer YPF to farm in on 11% of the Llancanelo heavy oil field. The agreement takes PentaNova to a 50% working interest partnership in the field. A brief history of the Llancanelo field The Llancanelo area is located to the north of the Neuquen (Neuquina) Basin, in
Exclusive Video Interview with EcoStim Energy Solutions President & CEO Chris Boswell
September 5, 2017
EcoStim Energy Solutions: ~80% of revenue will be in the U.S. going forward; 2-year contract with YPF provides foundation for growth in Argentina At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with EcoStim Energy Solutions (ticker: ESES) President & CEO Chris Boswell. EcoStim had its first full year
Eco-Stim: A Cleaner Approach to Oilfield Service
July 27, 2017
Eco-Stim Energy Solutions Inc. (ticker: ESES), an oilfield service company focused on providing support to oil and gas operators while simultaneously reducing its environmental impact, has had a growth spurt in the past few months. A variety of services Eco-Stim offers pressure pumping services—which encompasses workover, injection, cased-hole testing, among other services—and coiled tubing services. In addition to the company’s
GeoPark Ltd. – Day Two Breakout Notes
August 16, 2016
GeoPark presents at EnerCom’s The Oil & Gas Conference® During GeoPark’s breakout session, management was asked the following questions: What is the expectation for Brazil to open up their onshore assets? Have core samples been extracted from your Llanos 34 block? Are you interested in selling any of your assets or engaging with partners on the asset level? How difficult
Tillerson Sees ExxonMobil Investing $10 Billion in Argentina’s Vaca Muerta Shale Play
June 6, 2016
Exxon Mobil Corp. may invest more than $10 billion as it transplants the U.S. shale-drilling model to Argentina’s Vaca Muerta region in the next few decades, Chairman and Chief Executive Officer Rex Tillerson said Thursday. The oil giant has so far invested $200 million in the world’s second-largest shale gas deposit and plans to invest another $250 million in coming
Crown Point Operating and Financial Results for Q1 2016, Argentina Update
May 11, 2016
CALGARY, ALBERTA–(Marketwired – May 10, 2016) – Crown Point Energy Inc. (“Crown Point”, the “Company” or “we“) (TSX VENTURE:CWV) today announced its operating and financial results for the three months ended March 31, 2016. Copies of the Company’s unaudited condensed interim consolidated financial statements and Management’s Discussion and Analysis (“MD&A“) for the three months ended March 31, 2016 are being
