Gulf of Mexico Archives - Page 16 of 17

Saratoga Resources Adds Gulf of Mexico Leases Following Zeke Well Test Results

September 13, 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. SARA currently owns and operates

Companies Cautious With Western Gulf of Mexico Lease Sale 233

August 28, 2013

The Bureau of Ocean Energy Management (BOEM) held its Western Gulf of Mexico (GOM) Lease Sale 233 on August 28, 2013, which raised $102.4 million in high bids. The event auctioned 3,873 tracts from nine to 250 miles offshore, in water depths ranging from 16 to more than 10,975 feet. By comparison, the Central Gulf of Mexico Lease Sale netted

Energy XXI Reports Expanded Reserve Base; New Subsalt Opportunities Complement Horizontal Drilling; 2014 Forecast – Up!

August 23, 2013

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

U.S. and Mexico to Jointly Develop Gulf of Mexico

July 3, 2013

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 Going Horizontal on the Gulf of Mexico Shelf

July 2, 2013

Freeport-McMoRan Copper & Gold and Plains Exploration & Production Announce PXP Shareholders Approve Acquisition

May 20, 2013

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 Marketing Last Remaining Deepwater Asset

April 30, 2013

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 CEO John Schiller on CNBC's Mad Money

April 16, 2013

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.

Central Gulf of Mexico Lease Sale – Come on in, the Water is Fine!

March 21, 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: A Quick Snapshot of this Acquire and Exploit Oil and Gas Company

December 17, 2012

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%

$20 Billion Acquisition: Freeport-McMoRan to Purchase McMoRan Exploration and Plains Exploration

December 5, 2012

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

Energy XXI: Schiller Says U.S. Stands a Chance for Energy Independence

December 3, 2012

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.

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