Gulf of Mexico Archives - Page 15 of 17

Saratoga Resources Changes Field Personnel; Current Production Up 41% Compared to Q1’14

May 20, 2014

Saratoga Resources (ticker: SARA) is an independent exploration and production company with 52,103 net acres under lease in the Gulf of Mexico (GOM). Approximately 62% of its acreage is on the traditional Louisiana coastline and the remaining 32% is located in the shallow GOM. SARA operates and holds substantially 100% working interest in all of its wells. Saratoga Resources announced

Energy XXI Transitioning to Growth Phase with EPL Acquisition

May 5, 2014

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The board of directors of Energy XXI announced on March 12, 2014, the acquisition of EPL Oil & Gas (ticker: EPL) for a total consideration of $2.3 billion, consisting of about $1 billion

Mexico’s Oil Industry Update: Will Privatization Reverse Downward Trends?

April 10, 2014

Petróleos Mexicanos, or Pemex, is Mexico’s sole producer of crude oil, natural gas and refined products. The company provides Mexico with one-third of government income and was the ninth largest oil producer in the world in 2012. The oil and gas industry in Mexico has been nationalized since 1938, but production has declined every year since 2004 (24% overall). However,

Saratoga Resources Moving Forward on Horizontal Drilling Program, Continues to Hold High Working Interest in the GOM

April 2, 2014

Saratoga Resources (ticker: SARA) is an independent exploration and production company with offices in Houston, Texas and Covington, Louisiana. Principal holdings cover 51,901 gross/net acres with 60% held by production, located in the transitional coastline and protected in-bay environment on parish and state leases of south Louisiana and in the shallow Gulf of Mexico Shelf. Saratoga expanded its boundaries in

Energy XXI Now the Largest Independent Operating on the GOM Shelf with $2.3B Acquisition of EPL Oil & Gas

March 12, 2014

The board of directors of Energy XXI (ticker EXXI) announced on March 12, 2014, the company acquired EPL Oil & Gas (ticker: EPL) for a total consideration of $2.3 billion, consisting of about $1 billion in cash (65% of total consideration) and about 23.4 million common shares of Energy XXI (35%). The per-share consideration for EPL is $39, a 34%

PetroQuest Energy Nearly Doubles Proved Reserves in 2013; Prepares for Production Boost in 2014

March 3, 2014

PetroQuest Energy (ticker: PQ) is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in the Arkoma Basin, East Texas, South Louisiana and the shallow Gulf of Mexico. PetroQuest Energy announced income of roughly $2.3 million for Q4’13, according to an earnings release on February 27, 2014. Income for fiscal 2013

Energy XXI Bumps up Production Rates in Q2’14, Ramps up Activity in the West Delta

January 14, 2014

Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company has implemented an “acquire and exploit” growth strategy to build a geographically focused portfolio with some of the highest per-unit margins in the industry. It aims to develop the acquired properties

Saratoga Resources GOM Reserves Estimate Sets the Stage for 2014

December 19, 2013

Saratoga Resources Inc. (ticker: SARA) is an oil and gas exploration and production company concentrating on abundant, low-risk drilling opportunities located in the transition zone off the coast of Louisiana. In some places, including the company’s Grand Bay field, approximately 64 stacked pay sands exist with wells that have been producing for over 50 years. On December 16, 2013, Saratoga

Mexico Turns Focus to Privatizing Energy Industry in Hopes of Spurring Sinking Economy

December 5, 2013

After settling electoral reform on December 3, 2013, Mexico is shifting its attention to its highly publicized and highly criticized reform of the oil industry. Lawmakers are still adjusting the fine print of the bill but the main point of opening up the country to private investment remains intact. Concessions and lucrative contracts involving Petroleos Mexicanos (Pemex) are being debated

BOEM Schedules Eastern GOM Sale – First Eastern Sale Since 2008

December 4, 2013

On December 3, 2013, the Bureau of Ocean Energy Management (BOEM) announced the Eastern Gulf of Mexico oil and gas lease sale 225 will take place on March 19, 2014. The sale is the first proposed for the Eastern Planning Area of the Gulf of Mexico (GOM) under President Obama’s 2012 to 2017 outershelf program, and will be the first

Saratoga Resources Announces Plans for Newly-Acquired Gulf Properties; Lease in Little Bay Approved

November 22, 2013

PetroQuest Reports Q3’13 Results; Acquisition Accelerates Production and Cash Flow

November 6, 2013

PetroQuest Energy (ticker: PQ) is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in the Arkoma Basin, Wyoming, Texas, South Louisiana and the shallow waters of the Gulf of Mexico. Recent Q3’13 Success Fueled by Acquisition PetroQuest Energy announced results for Q3’13 on November 5, 2013. The punch line from

Premium Content