In only six months, Magnum Hunter Resources (ticker: MHR) increased its estimated total proved reserves by 51%, or 22.8 MMBOE. The company now estimates owning 67.7 MMBOE of proved reserves, 64% oil.
What caused the increase? A combination of …
U.S. Energy Corp. (ticker: USEG), a natural resource exploration and development company with a primary focus on the exploration and development of oil and gas assets in the Williston Basin in North Dakota and Montana, Eagle Ford Shale play …
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 …
GMX Resources is an oil and natural gas exploration and production company currently 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 …
Samson Oil & Gas (ticker: SSN) reported operational and financial results for the three month period ended March 31, 2012.
Highlights included:
We believe market (stock) sentiment should be evaluated two to three days after an announcement has been made to appropriately measure the response. GMX Resources (NYSE: GMXR) provided an operations update on the company’s Williston Basin and Niobrara operations after …
Magnum Hunter Resources (MHR) is engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids, in three unconventional shale resource plays in North America: the Marcellus Shale, Utica Shale, …
U.S. Energy Corp. (ticker: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 and Eagle Ford play.
A recent announcement out of …
Whiting Petroleum (NYSE: WLL) announced it priced the initial public offering of 16,000,000 units of beneficial interest in Whiting USA Trust II at $20.00 per trust unit to the public. Whiting has granted the underwriters an option to purchase up …
On March 1, 2012, GMX Resources Inc. (NYSE: GMXR) announced its financial and operating results for Q4’11 and the fiscal year-ended December 31, 2011.
GMXR reported a Q4’11 net loss of $79.8 million, or a loss of $1.39 per share, …
Gary Evans, CEO of Magnum Hunter Resources Corporation (NYSE: MHR), presented today at EnerCom’s The Oil & Services Conference™ 10. Magnum Hunter Resources Corporation and subsidiaries are a Houston, Texas based independent exploration and production company engaged in the acquisition, …
On January 26, 2012, U.S. Energy Corp. (NASDAQ: USEG) announced that it completed the sale of an undivided 75% of its undeveloped leasehold in McKenzie County, North Dakota to GeoResources, Inc. (NASDAQ: GEOI) and Yuma Exploration and Production Company, Inc. …
On January 23, 2012, Samson Oil & Gas (ticker: SSN) announced a replacement pump has been installed on the Defender US 34 well, the company’s first of two potential horizontal Niobrara test wells in the company’s Hawk Springs project area. …
Samson Oil & Gas Limited (NYSE Amex, ASX: SSN) provided an operations update on its Williston Basin projects in Roosevelt County, Montana, and Williams County, North Dakota, as well as its Niobrara drilling projects in Goshen County, Wyoming.
On December 20, 2011 U.S. Energy Corp. (NASDAQ: USEG) announced a 2012 capital expenditure budget of $48.1 million and the sale of undeveloped Bakken acreage. The company will spend approximately $24.9 million (52%) of this budget drilling its Leona River …
EnerCom, Inc. traveled with Mr. Terry Barr, CEO of Samson Oil & Gas Ltd. (NYSE: SSN, ASX: SSN), meeting with investors in Los Angeles and San Francisco.
The company is actively working on four oil projects in two primary project …
GMX Resources (NYSE: GMXR) reported a net loss in Q3’11 of $68.9 million, or $1.21 per share, compared to Q3’10 net income of $2.2 million, or $0.08 per share. Total Q3’11 revenues net of hedging were $28.4 million, a 15% …
Since its founding in 2004, Resolute Energy (NYSE: REN) has focused on developing legacy oil assets that provide long-term production growth opportunities and stable cash flows. Recently, REN began adding oil development assets to its portfolio with acquisitions in the …
What’s New: Bigger and Better in the Bakken, Poised to Drill the Niobrara
In two previous reports, we described Samson’s efforts to advance the development of its leasehold prospective for the Niobrara oil play in the northern Denver-Julesburg (DJ) Basin …
This
report
is
an
update
to
EnerCom’s
report
from
August
6,
2010
on
Samson
Oil
&
Gas
Limited,
Turning
the
Bit
in
the
Right
Direction.
Samson Oil & Gas Limited is an independent exploration and production company with principal …
Samson Oil & Gas Limited is an independent exploration and production company with principal operations in the Western United States. The company is dual listed on the NYSE AMEX and the Australian Stock Exchange (ASX) and trades under the ticker …
