An agreement between the U.S. and Mexico is prompting U.S. oil and gas offshore operators in the Gulf of Mexico to brush up on their Spanish. The passage of H.R. 1613 in the U.S. House of Representative is expected to establish a transboundary agreement to allow joint energy development projects between U.S. energy companies and the Mexican state owned oil
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. Saratoga currently owns and operates
Freeport-McMoRan Copper & Gold Inc. (FCX) and Plains Exploration & Production Company (PXP) today announced that the shareholders of PXP approved FCX’s acquisition of PXP at a special meeting held today. A majority of the outstanding shares approved the transaction. The transaction is anticipated to close on May 31, 2013. Following completion of the transaction, there are expected to be
Callon Petroleum (ticker: CPE) is engaged in the acquisition, development, exploration and operation of oil and gas properties in Texas, Louisiana and the offshore waters of the Gulf of Mexico. In 2009, Callon began a strategic initiative to diversify its operations from strictly offshore Gulf of Mexico by entering the Permian Basin of West Texas. The company’s move to diversify
Energy XXI’s Chairman and CEO John Schiller appeared on CNBC’s Mad Money to talk about the disconnect between WTI and Brent crude oil prices, EXXI’s joint venture with Apache to explore the Gulf of Mexico shelf, and the company’s strategy for 2013.
The Bureau of Ocean Energy Management (BOEMRE) held its Central Gulf of Mexico lease sale on March 20, 2013, generating $1.2 billion for the U.S. government. Approximately 52 companies submitted 407 bids on 320 tracts off the coasts of Louisiana, Alabama and Mississippi. The tracts, covering more than 1.7 million acres and are in water depths of nine to more
Saratoga Resources Inc. (ticker: SARA) concentrates 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. The company owns all zones and all depths on approximately 32,119 net acres, 93%
Freeport-McMoRan Copper & Gold Inc. (ticker: FCX), Plains Exploration & Production Company (ticker: PXP) and McMoRan Exploration Co. (ticker: MMR) announced today that they have signed definitive merger agreements under which FCX will acquire PXP for approximately $6.9 billion in cash and stock and FCX will acquire MMR for approximately $3.4 billion in cash, or $2.1 billion net of 36 percent of the
Chairman and CEO John Schiller appeared on Bloomberg Television to discuss his company’s 2010 purchase of $1B worth of ExxonMobil properties, as well as the nation’s chance at becoming energy independent.
Callon Petroleum Co (ticker: CPE) is engaged in the acquisition, development, exploration and operation of oil and gas properties in Texas, Louisiana and the offshore waters of the Gulf of Mexico. At the time of this writing, CPE had a market capitalization of approximately$184 million. In 2009, Callon began a strategic initiative to diversify its operations from strictly offshore Gulf
CRUDE OIL INVENTORY/’000 bbls (Week Ended 9/28/12) Current: 364,698 Actual Build/(Withdrawal): (482) Economist Average Estimate: 1,486 Previous: 365,180 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Presidential debate could shed light on energy issues – Politico Wednesday’s presidential debate offers one of the final chances to pin down the candidates on the energy issues
According to Credit Suisse’s September 2012 research report titled “Oil: Fundamentals & US Oil Production Outlook,” U.S. Gulf of Mexico (GOM) production could increase by 700,000 barrels per day between 2012 and 2018. Super majors have long since realized the future oil potential within the Gulf of Mexico. The long lead times and huge amount of capital required to drill
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
