Post Tagged with: "energy"

Courtesy of EQT

Cardinal Energy, Now with Apache’s Conventional Light Oil Assets, Produces 21 MBOEPD in Q4 2017

It was in July 2017 that Apache Corp. (ticker: APA) announced it was selling its conventional light oil production to Cardinal Energy Ltd. (ticker: CJ). At that time, Cardinal estimated that the properties would add about 5,000 BOEPD of production, …

EnCap Flatrock Midstream Adds Managing Director

EnCap Flatrock Midstream Adds Managing Director

EnCap Flatrock Midstream added Rob Wingo as managing director today.

Wingo joins EnCap Flatrock from Rice Energy and Rice Midstream Partners, where he served for five years, most recently as SVP of midstream and marketing for Rice Energy, as well …

Bonanza Creek: Enhanced Completions Throughout Acreage, 2018 CapEx of $280 Million – $320 Million

Bonanza Creek: Enhanced Completions Throughout Acreage, 2018 CapEx of $280 Million – $320 Million

Bonanza Creek Energy (ticker: BCEI) reported a net loss for Q4 2017 of $5.8 million, or $(0.28) per diluted share. For 2017, the company posted a net loss of $2.4 million.

Production in the fourth quarter of 2017 reached 14.8 …

Earthstone Energy Targets Midland Basin with ~$130 Million CapEx, Plans to Spud 10 Net Wells

Earthstone Energy Targets Midland Basin with ~$130 Million CapEx, Plans to Spud 10 Net Wells

Targeting 12-12.5 MBOEPD production for 2018

Earthstone Energy, Inc. (ticker: ESTE) posted a net income of $2.3 million, or $0.09 per share in Q4 2017. For 2017, the company reported a net loss of $12.5 million, or $(0.53) per share.…

VAALCO Energy Earns $0.17 Per Share in 2017

VAALCO Energy Earns $0.17 Per Share in 2017

VAALCO Energy, Inc. (ticker: EGY) reported an income of $10.3 million, or $0.17 per diluted share for 2017. In Q4 2017, the company reported an income of $3.5 million, or $0.06 per diluted share.

The company produced an average of …

David Pursell

Apache Names TPH Alum as Head of Planning and Energy Fundamentals

Apache Corporation (ticker: APA) has named David Pursell as SVP of planning and energy fundamentals, effective March 12, 2018.

“I am pleased to welcome Dave to Apache’s executive management team. Dave’s skills, expertise and capabilities will further enhance our robust …

Heard at EnerCom Dallas 2018        

Heard at EnerCom Dallas 2018        

2018 – positive sentiment from the industry and economists

There were 31 presentations during the two days of the EnerCom Dallas oil and gas investment conference last week and the overall vibe at the conference was highly positive for 2018 …

Jagged Peak CEO Joseph Jaggers to Retire in Late March

Jagged Peak CEO Joseph Jaggers to Retire in Late March

Jagged Peak Energy Inc. (ticker: JAG) Chairman, President and CEO Joseph N. Jaggers said that he plans to retire at the end of March 2018 for health and personal reasons. Following an orderly transition, current independent director James J. Kleckner …

WPX Grows Oil Production 47% in Q4, Forecasts $1 Billion 2018 Drilling CapEx

WPX Grows Oil Production 47% in Q4, Forecasts $1 Billion 2018 Drilling CapEx

WPX Energy (ticker: WPX) reported Q4 2017 oil volumes of 75,200 BOPD, which was 68% higher than a year ago, and 16% higher than Q3 2017.

WPX’s first two North Sunday Island wells in the Williston Basin have 120-day cumulative …

Devon Energy Accelerates Production to 195 MBOEPD

Devon Energy Accelerates Production to 195 MBOEPD

Devon’s early ’18 production from Delaware, STACK up 20% over 2017 average

Devon Energy Corp. (ticker: DVN) accelerated production growth in early 2018. The company’s Delaware Basin and STACK assets are producing approximately 195,000 BOEPD. The combined daily production rates …

PetroQuest: Two Cotton Valley Wells Completed

PetroQuest: Two Cotton Valley Wells Completed

PetroQuest Energy, Inc. (ticker: PQ) has new results from its horizontal Cotton Valley drilling program in East Texas.

The company recently completed two wells (PQ #29 – 52% NRI and PQ #30 – 59% NRI) which established a cumulative maximum …

February 20, 2018 - 12:13 pm Closing Bell Story‎, Fracing
Razor Energy Increases Reserves by 112% in 2017

Razor Energy Increases Reserves by 112% in 2017

Razor Energy Corp. (ticker: RZE) released a new reserves report today.

Total reserve values, on a proved developed producing basis discounted at 10% before tax, were $178.3 million, which represents an increase of 112% over year-end 2016. Total PDP reserve …

Antero Resources: Longer, Faster Marcellus Laterals

Antero Resources: Longer, Faster Marcellus Laterals

Antero spent $1.28 billion on drilling and completions in 2017, producing an average of 2,253 MMcfe/d

Antero Resources

Full-year and Q4 2017 spending

Antero Resources (ticker: AR) spent $1.282 billion on drilling and completions in 2017. The company invested $204 million for …

Source: BBI

Blackbird Energy Glides Into 2018

Blackbird Energy Inc. (ticker: BBI) has provided an update regarding its operations. Blackbird’s total corporate January sales production averaged an estimated 1,978 BOEPD (58% liquids) for the 17 days the company was able to produce during the month.

Estimated sales …

Sanchez Energy Grows Proved Reserves by 88%, Sets Production Record

Sanchez Energy Grows Proved Reserves by 88%, Sets Production Record

Sanchez Energy Corporation (ticker: SN) released year-end 2017 proved reserves and operating results for the fourth quarter and full year 2017.

Highlights

  • Proved reserves increased by 88% during the year to approximately 363 MMBoe, with a reserve replacement ratio of
Ukraine

NatGas Will Provide Bulk of U.S. Electricity for at Least Two More Years

United States leans away from coal as natural gas powers up to 20 gigawatts in 2018

The EIA’s January 2018 Short-Term Energy Outlook (STEO) forecasted that natural gas will remain the primary source of U.S. electricity generation for …

Blackbird Energy Announces Q1 2018 Results

Blackbird Energy Announces Q1 2018 Results

Blackbird Energy (ticker: BBI) has released its financial and operational results for the quarter ended October 31, 2017, Q1 2018 in Blackbird’s financial calendar.

Highlights

Q1 2018 Production: While on production during the quarter, Blackbird produced 5.6 MMcf/d of natural …

EIA Believes 2018 Will See the Highest U.S. Crude Production Since 1970

EIA Believes 2018 Will See the Highest U.S. Crude Production Since 1970

In its latest Short-Term Energy Outlook the U.S. Energy Information Administration forecasts total U.S. crude oil production will average 9.2 million BOPD for all of 2017 and 10.0 million BOPD in 2018, which would mark the nation’s highest annual average …

What’s Next for the Economies of China and India?

What’s Next for the Economies of China and India?

Since 1990, China and India have accounted for 57% of the total increase in world energy consumption

Earlier this week the EIA put out data that revealed that the world’s developing countries used higher amounts of electricity than OECD countries. …

All-Time High for U.S. Crude Exports

All-Time High for U.S. Crude Exports

Widening spread incentivizes marketers to export abroad: Fed

U.S. crude oil exports went from 1.29 MMBOPD in Sept. to 1.78 MMBOPD in Oct., an all-time high according to the Federal Reserve Bank of Dallas.

The crude oil export ban was …

November 17, 2017 - 5:51 pm Closing Bell Story‎, Energy News
U.S. Energy Expenditure Level Lowest Since 2004

U.S. Energy Expenditure Level Lowest Since 2004

The EIA reported today that the U.S.’s expenditures for delivered energy totaled $1.127 trillion, or 6.2% of the nation’s GDP, in 2015—the lowest since 2004. The decrease was approximately 20% lower than expenses in 2014, which totaled a little over …

Energy Providers to Combine in US$5.3 Billion Cross-Border Cash Deal

Energy Providers to Combine in US$5.3 Billion Cross-Border Cash Deal

Hydro One to acquire Avista in Canada-U.S. energy transmission combo

Ontario’s largest electricity transmission and distribution provider, Hydro One Limited (TSX:H) and Northwest U.S. energy provider Avista Corporation (NYSE:AVA) announced a definitive merger agreement under which Hydro One will acquire …

U.S. Energy Companies Reshuffle, Peel Off the ‘Fortune 500’

U.S. Energy Companies Reshuffle, Peel Off the ‘Fortune 500’

Fortune 500 roster represents two thirds of U.S. gross domestic product

For decades it has represented a badge of honor for any U.S. business.  It has been populated by icons of U.S. industry—Ford, General Motors, International Paper, Standard Oil, IBM, …

Two New Bills to Expedite Pipeline Approval Process Begin Markup

Two New Bills to Expedite Pipeline Approval Process Begin Markup

In an attempt to modernize the United States’ energy infrastructure, the Subcommittee on Energy and Power, within the United States House Committee on Energy and Commerce, began considering a group of bills on June 20th, 2017, which are …

Revision of NAFTA Could Have Big Impact on Energy Industry

Revision of NAFTA Could Have Big Impact on Energy Industry

Senate weighs in

On June 8th, 2017, a bipartisan team of United States Senators Cornyn, Cruz, Hoeven, Moran, Heitkamp, Daines, Inhofe, and Murkowski sent a letter to the United States Trade Representative, Robert Lighthizer, urging him to consider …

Rebounding Energy Markets Expected to Drive Canadian Economic Growth

Rebounding Energy Markets Expected to Drive Canadian Economic Growth

Improving energy prices put Alberta, Saskatchewan and British Columbia at the high-end of expected growth

Improving oil prices are expected to help drive better economic growth in Canada in 2017, with the strongest forecasts being reported for traditionally energy-producing parts …

Image: Oil & Gas 360

The World’s Coming Mega-Population Centers and the Energy They Will Need

Decline curves + global population growth: energy demand will outpace supply through 2040 (and beyond)

So far in 2017 a number of global energy experts and commodities watchers have looked beyond the current reporting period and they see a growing …

Source: Energybc.ca

How Alberta Mismanaged the Energy Boom Compared to Texas

Fraser Institute Study Compares How Texas and Alberta Managed Public Finances between 2004 and 2014

A new report from the Fraser Institute, titled “One Energy Boom, Two Approaches: Fiscal Restraint Has Left Texas in Better Shape than Alberta,” concludes …

November 17, 2016 - 6:56 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Energy Prosperity Comes in Many Forms

Energy Prosperity Comes in Many Forms

Ethane’s domino effect in Pennsylvania

The shale energy revolution is famous for jump-starting natural gas production in Appalachia, with Pennsylvania and Ohio at the center of a drilling boom during the past decade from which thousands of people flourished from …

The Perfect Storm: Managing Political Risk in Energy

The Perfect Storm: Managing Political Risk in Energy

Political Risk: University of Colorado Denver Business School’s GEM Program & PinkPetro will Host a Free Lunch Panel June 23, 2016

Global Energy Professionals are Invited to Attend a Free Lunch Panel on Political Risk in Energy – Available Live