Post Tagged with: "E&P"

U.S. Rig Count Resumes Decline

U.S. Rig Count Resumes Decline

Total U.S. rig count falls by three to 421 as oil prices struggle to stay above $50 per barrel

After three weeks of slowly increasing, the U.S. rig count posted a loss for the week ended June 24, 2016. The …

WPX: Can History Repeat Itself? – An Oil & Gas 360® Exclusive Interview with WPX CEO Rick Muncrief

WPX: Can History Repeat Itself? – An Oil & Gas 360® Exclusive Interview with WPX CEO Rick Muncrief

A story of tremendous growth

In today’s oil price environment in particular, oil and gas companies are looking for ways to drive growth while at the same time becoming highly efficient at conducting their operations.

Few energy executives have been …

Oil Down Over 2% As U.S. Rigs Increase

Oil Down Over 2% As U.S. Rigs Increase

U.S. rig count increases to 414

The U.S. rig count continued to increase this week, according to information from Baker Hughes Inc. The total number of active rigs in the United States reached 414, up six from last week.

Increases …

U.S. Rig Count Rises for the First Time in Ten Months

U.S. Rig Count Rises for the First Time in Ten Months

U.S. rig count adds four to 408

Breaking a ten-month long decline, the U.S. rig count rose by four in the week ended June 3, 2016, according to information from Baker Hughes (ticker: BHI). The total U.S. rig count reached …

India May be the Next Frontier for Wildcatters

India May be the Next Frontier for Wildcatters

India offers simpler permits, tax sops and freedom from pricing restrictions to operators who are willing to invest in developing its smaller fields

India is expected to be the next China in terms of demand growth for energy, and now …

Total U.S. Rig Count Falls by Only 2 Rigs to 404

Total U.S. Rig Count Falls by Only 2 Rigs to 404

Count of U.S. Working Oil Rigs Holds Steady at 318

The total U.S. rig count continued its downward trend this week, but rigs targeting oil remained steady at 318. In past weeks, the majority of the rig count decline has …

Petro River Oil Announces Spudding of the Woodburn Forest-1 Test Well in Larne Basin, Northern Ireland

Petro River Oil Announces Spudding of the Woodburn Forest-1 Test Well in Larne Basin, Northern Ireland

Petro River UK Limited, the UK subsidiary of Petro River Oil Corp. (OTCBB: PTRC), announced that drilling operations on the Woodburn Forest-1 Well in Larne Basin, Northern Ireland, are underway.

In a press release today the company said that the …

What will Happen to Freeport-McMoRan’s Oil & Gas Assets without Jim Flores?

What will Happen to Freeport-McMoRan’s Oil & Gas Assets without Jim Flores?

“Having this kind of debt is a killer”: FCX’s CEO Adkerson – Q1’16 conference call

Mining giant Freeport-McMoRan (ticker: FCX) is known internationally as the world’s largest copper miner—one that would be happy right now if it can sell its …

Petrobras Reports $358 Million Miss as it Looks to Correct Course

Petrobras Reports $358 Million Miss as it Looks to Correct Course

Petrobras reports $358 million loss on lower production and sales

Brazil’s state-owned oil giant, Petroleo Brasileiro (ticker: PBR), reported its first quarter results yesterday, showing a 1.25 billion reais ($358 million) loss in the first three months of the year.…

EnerCom Named One of America’s Best Management Consulting Firms by Forbes Magazine

EnerCom Named One of America’s Best Management Consulting Firms by Forbes Magazine

EnerCom: 22 years of advising and serving energy-centric clients

DENVER – April 29, 2016 – Forbes Magazine (Forbes) commissioned an independent study by Statista to identify America’s Best Management Consulting Firms.  EnerCom, Inc. was recognized in the inaugural study in …

EnerCom Inc. Provides Annual Finding and Development Cost Study

EnerCom Inc. Provides Annual Finding and Development Cost Study

For the global oil and gas industry, world events are shaping the future. If the shale revolution started in 2004, the shale evolution will have its genesis in 2015.

The industry’s previous business model, using scarcity as its raison d’être, …

Rig Count Falls to 440

Rig Count Falls to 440

Total U.S. rig count falls by 1%

The total U.S. rig count fell by just three rigs in the week ended April 15, 2016, a decline of 1%. The three rigs laid down this week were all oil-seeking rigs, with …

PDC Energy Targets 35% Growth with Debt-to-EBITDA Below 2x

PDC Energy Targets 35% Growth with Debt-to-EBITDA Below 2x

PDC Energy increases EURs 9% in core assets

A number of analyst notes were released following PDC Energy’s (ticker: PDCE) analyst day held in Denver this week discussing the companies impressive metrics. The company said that it has lowered completed …

Rig Count Falls Below 450, WTI Nudges $40

Rig Count Falls Below 450, WTI Nudges $40

The rig count continues to fall as prices rise

The U.S. rig count fell for the sixteenth straight week, according to information released by Baker Hughes (ticker: BHI) today. There are now just 443 rigs actively drilling in the U.S., …

Six U.S. Plays Continue to Show 15% IRRs in a Sub-$40 Oil World

Six U.S. Plays Continue to Show 15% IRRs in a Sub-$40 Oil World

About one-third of U.S. plays remain economic below $40 per barrel WTI

As oil and gas producers around the globe continue to struggle with lower commodity prices, a select few basins remain economical at today’s prices. Six basins out of …

Gas Rigs Increase as the Total Rig Count Continues to Fall

Gas Rigs Increase as the Total Rig Count Continues to Fall

Total U.S. rig count down by 12 rigs this week

The total number of rigs in the United States continues to fall as the oil price recovery remains insufficient to drill new wells. The U.S. rig count fell by 12 …

Statoil Involved in World’s First Floating Wind Farm

Statoil Involved in World’s First Floating Wind Farm

Norwegian E&P Hopes to Make Wind Profitable

When oil major Statoil (ticker: STO; StatOil.com) acquired Brigham Exploration in 2011, the Norwegian company became a major operator in the Williston basin, with approximately 330,000 net acres in the play and …

Total U.S. Rig Count Down by Four Last Week

Total U.S. Rig Count Down by Four Last Week

Oil Rig Count Rises by One, Oil Breaks $40 Barrier

The U.S. rig count continued falling for a thirteenth-straight week in the week ended March 18, 2016, according to information from Baker Hughes. The total count fell by four to …

The Oil & Services Conference™ Presenters Talk 2016 Strategy and Beyond

The Oil & Services Conference™ Presenters Talk 2016 Strategy and Beyond

$80 Oil + $4 NatGas + 1,300 Rigs Working

After the news of the past few weeks, it felt like we were getting really close to the day when investors and oil industry spouses might be ready to throw in …

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

U.S. Rig Count Falls to 480

Total U.S. rig count down 57% from Last Year

The number of rigs drilling in the U.S. continued to fall this week, as prices recovered to more than $38 per barrel of WTI. The total number of operating rigs in …

Evolution Petroleum Passes Cost Savings to Shareholders

Evolution Petroleum Passes Cost Savings to Shareholders

Evolution Petroleum Maintains 4.5% Dividend

Evolution Petroleum (ticker: EPM) presented at EnerCom’s The OilServices Conference 14 in San Francisco on March 9, 2016. Evolution’s principal assets include a CO2-EOR project in Louisiana’s Delhi Field and patented technology designed to extend …

Panhandle Oil & Gas Poised for Growth

Panhandle Oil & Gas Poised for Growth

Panhandle Oil & Gas (ticker: PHX) presented at EnerCom’s The OilServices Conference 14 in San Francisco on March 9, 2016. Panhandle currently owns 255,300 fee mineral acres and a working interest and/or royalty interest in over 6,100 wells. The company …

A rig site in North Dakota

U.S. Oil Production Sees First Year-Over-Year Decline in Four Years

Oil production in December 2015 down 166 MBOPD from a year earlier

The decline in crude oil prices took longer to pull production down than many expected, but it is happening, according to data from the EIA. Crude oil …

Could E&P Bankruptcy Destabilize Midstream MLPs?

Could E&P Bankruptcy Destabilize Midstream MLPs?

Bankrupt E&P companies looking to end pipeline agreements

The downturn in oil prices took a serious toll on the U.S. E&P market last year, with 42 companies filing for bankruptcy in 2015. Those companies’ total debt amounted to $17.85 billion

U.S. Rig Count Dips Below 500

U.S. Rig Count Dips Below 500

Current U.S. rig count falls to second-lowest point since the Ford Pinto

The U.S. rig count fell for the eleventh straight week in the week ended March 4, 2016, according to data from Baker Hughes. The latest decline in the …

World’s Most In-Debt Oil Company to Get $10 Billion Lifeline from China

World’s Most In-Debt Oil Company to Get $10 Billion Lifeline from China

Petrobras plans to use loan to help pay down debt

Petrobras (ticker: PBR, Petrobras.com) will receive a $10 billion loan from the China Development Bank to help pay down the company’s debt coming due this year, according to a

Energy Capital Firms Adding Horsepower

Energy Capital Firms Adding Horsepower

Tailwater, Stephens Make Executive Hires

Tailwater Brings in MLP/Midstream Vet Stephen Lipscomb

Dallas-based Tailwater Capital LLC is continuing to grow its team with the addition of Stephen Lipscomb as a vice president.

Lipscomb brings nine years’ experience including midstream operations, …

U.S. Oil Rig Count Touches 400, Overall Count at 502

U.S. Oil Rig Count Touches 400, Overall Count at 502

Total U.S. rig count slows decline; but Canada drops by 31 rigs

The oil and gas rig count continued to fall this week, but at a slower pace than was seen throughout the rest of February. The U.S. rig count …

Canadian Oil and Gas Industry Remains Resilient: Natural Resource Minister

Canadian Oil and Gas Industry Remains Resilient: Natural Resource Minister

Alberta in much better fiscal position than BC, Ontario or Quebec

While the price of U.S. crude benchmark WTI hovers above $30 per barrel, the price of Canadian benchmark Western Canadian Select has been nearer the $20 mark in recent …

February 26, 2016 - 6:00 pm Canada, Closing Bell Story‎, Oil and Gas 360 Articles
Oil & Gas 360 Energy News

MLPs: Time for a Second Look?

MLPs: Finding Yield

After seven years of the most accommodative monetary policy in U.S. history, Janet Yellen and the Federal Reserve decided on December 16, 2015 to raise the federal funds target rate from 0 to 0.25 percent to 0.25 …