Post Tagged with: "Oil"

Equal Energy and Atlas Resource – Flexing to Drill Mississippian Light Oil Play

Equal Energy Ltd. (TSX, NYSE: EQU) signed an agreement with Atlas Resource Partners, L.P. (NYSE: ARP) to sell 50% of its interest in approximately 14,500 net undeveloped acres prospective for Mississippian light oil for total cash consideration of approximately US$18 …

April 5, 2012 - 10:26 pm

Sanchez Energy Reports Q4'11 and Year-End 2011 Results; Company's Eagle Ford Largest Acreage Position Among Peer Group

Sanchez Energy Corporation (NYSE: SN) is a fast growing independent oil and gas company focused on the liquids rich Eagle Ford formation in South Texas. Assuming 120-acre spacing, Sanchez has approximately 750 economic drilling locations on its 92,000 net acreage …

March 30, 2012 - 9:49 pm
ERHC Operating in Sub-Saharan Africa; Republic of Chad Work Program Gaining Momentum

ERHC Operating in Sub-Saharan Africa; Republic of Chad Work Program Gaining Momentum

ERHC Energy Inc. (OTCBB: ERHE) updated shareholders on the company’s continued operations in Sub-Saharan Africa. The company is actively pursuing two offshore zones, the São Tomé and Príncipe Exclusive Economic Zone (EEZ) and the Joint Development Zone (JDZ), and has …

March 27, 2012 - 10:04 pm
A Breakdown of Whiting USA Trust II Initial Public Offering

A Breakdown of Whiting USA Trust II Initial Public Offering

Whiting Petroleum (NYSE: WLL) announced it priced the initial public offering of 16,000,000 units of beneficial interest in Whiting USA Trust II at $20.00 per trust unit to the public. Whiting has granted the underwriters an option to purchase up …

March 26, 2012 - 4:32 pm

BPZ Energy Reports 2011 Results; Company Discloses its Advancement on a Potential Joint Venture Agreement for Block Z-1

BPZ Energy (NYSE:BPZ) announced Q4’11 and year-end 2011 financial and operational results for the period ended December 31, 2011.

For the full year 2011, BPZ reported a net loss of $33.8 million, or a loss of $0.29 per share, compared …

March 13, 2012 - 4:17 pm
GMX Resources Reports Q4'11 and Year-end Results; Drilling Ahead in the Bakken

GMX Resources Reports Q4'11 and Year-end Results; Drilling Ahead in the Bakken

On March 1, 2012, GMX Resources Inc. (NYSE: GMXR) announced its financial and operating results for Q4’11 and the fiscal year-ended December 31, 2011.

GMXR reported a Q4’11 net loss of $79.8 million, or a loss of $1.39 per share, …

March 1, 2012 - 9:15 pm

Acquire and Exploit Isn't All They Can Do: Energy XXI Updates Gulf of Mexico Shelf Operations; Organic Drilling Efforts Help EXXI Hit Production Goals

During the last six years, Energy XXI (NASDAQ:EXXI) has completed five major acquisitions, making EXXI the third largest producer on the Gulf of Mexico shelf. The company’s historic core strategy is to acquire and exploit producing oil properties; however, more …

February 27, 2012 - 3:25 pm

Equal Energy Presents at EnerCom's The Oil & Services Conference™ 10

Don Klapko, President and Chief Executive Officer and Dell Chapman, Chief Financial Officer of Equal Energy (NYSE, TSX: EQU) presented today at EnerCom’s The Oil & Services Conference™ 10. Equal Energy is an exploration and production oil and gas company …

February 22, 2012 - 10:40 pm

Core Laboratories Presents at EnerCom's The Oil & Services Conference™ 10

David Demshur, Chief Executive Officer, and Richard Bergmark, Chief Financial Officer of Core Laboratories N.V. (NYSE: CLB) presented today at EnerCom’s The Oil & Services Conference™ 10. Core Laboratories is a leading provider of proprietary and patented reservoir description, production …

February 22, 2012 - 2:12 pm

Callon Petroleum Presents at EnerCom's The Oil & Services Conference™ 10

Fred Callon, Chairman and Chief Executive Officer of Callon Petroleum (NYSE: CPE) presented today at EnerCom’s The Oil & Services Conference™ 10. Callon Petroleum Company is an independent oil and natural gas company which since 1950 has been focused on …

February 21, 2012 - 5:36 pm
ERHC Energy Reports Fiscal Q1'12 Results; Why You Should Look at Sub-Saharan Africa

ERHC Energy Reports Fiscal Q1'12 Results; Why You Should Look at Sub-Saharan Africa

ERHC Energy Inc. (OTCBB: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. The company reported fiscal Q1’12 results for the quarter ended December 31, 2012 on February 9, 2012.

ERHC had cash and …

February 13, 2012 - 10:12 pm

PetroQuest Grows Proved Reserves to Company Record Levels; New Plays Offer Liquids Potential During 2012

PetroQuest Energy, Inc. (NYSE: PQ) announced its estimated proved reserves and production volumes for the full-year 2011.

During 2011, PQ grew its proved reserves 37% YOY to 265 Bcfe (61% proved developed) and reported its PV-10 is approximately $341.3 million. …

January 31, 2012 - 4:08 pm
Sanchez Energy Drilling Ahead in the Eagle Ford

Sanchez Energy Drilling Ahead in the Eagle Ford

Sanchez Energy Corp. (NYSE: SN) is a pure-play Eagle Ford exploration and production company with 91,000 net acres in the oil and volatile windows of the Eagle Ford shale play.

SN’s 2011 year-end reserve report prepared by Ryder Scott showed …

January 25, 2012 - 9:56 pm
Sanchez Energy Exits 2011 Producing at 1,350 BOEPD Net; Increased Proved Reserves 118% Year-Over-Year

Sanchez Energy Exits 2011 Producing at 1,350 BOEPD Net; Increased Proved Reserves 118% Year-Over-Year

Sanchez Energy Corp. (NYSE: SN) disclosed its production and operational highlights for fiscal year 2011. SN exited 2011 producing nine wells (seven in the Eagle Ford) at 1,350 BOEPD net (80% oil) with two additional Eagle Ford wells awaiting completion. …

January 17, 2012 - 10:04 pm

ERHC Energy Diversifies and Expands during 2011; Company Reports Fiscal 2011 Results

ERHC Energy (OTCBB: ERHE) announced its year-end results for fiscal 2011, which ended September 30, 2011. At year-end 2011, ERHC had cash, cash equivalents, and treasury bills totaling approximately $12,144,597, and virtually no debt. During the 2011 fiscal year, ERHC’s …

December 16, 2011 - 10:17 pm

Callon Petroleum Reports Q3'11; Oil Revenues Increase 75%YOY

Callon Petroleum (NYSE: CPE) reported Q3’11 net income of $8.4 million, or $0.21 per share, compared to Q3’10 net income of $1.6 million, or $0.05 per share. Total Q3’11 revenues were $33.5 million, an increase of 64% from Q3’10. Production …

November 5, 2011 - 3:32 pm

GMX Resources Reports Q3'11 Earnings; Updates Operations and Liquidity Position

GMX Resources (NYSE: GMXR) reported a net loss in Q3’11 of $68.9 million, or $1.21 per share, compared to Q3’10 net income of $2.2 million, or $0.08 per share. Total Q3’11 revenues net of hedging were $28.4 million, a 15% …

November 4, 2011 - 9:19 pm
Harvest Natural Resources Reports Oman Operations Right on Schedule

Harvest Natural Resources Reports Oman Operations Right on Schedule

Harvest Natural Resources (ticker: HNR) reported it had commenced drilling the Mafraq South-A (MFS-A) exploration well onshore Oman, the first of a two-well exploratory program. HNR also announced that the mean prospective resources for the targeted south segment total 1.25 …

November 2, 2011 - 5:35 pm

ATP Oil & Gas Production Exceeds 31,000 BOEPD; Incremental Production Being Added at Telemark

ATP Oil & Gas (NASDAQ: ATPG) announced first oil production at its Mississippi Canyon Block 941 #4 well, the company’s third well brought on production at Telemark utilizing the ATP Titan. More importantly, the well came on at 7,000 BOEPD …

August 24, 2011 - 4:08 pm

BPZ Energy Presents at EnerCom's The Oil & Gas Conference® 16

Manolo Zúñiga, President and Chief Executive Officer of BPZ Energy (NYSE: BPZ) presented today at EnerCom’s The Oil and Gas Conference® 16. BPZ Energy is an independent oil and gas exploration and production company with exclusive license contracts covering approximately …

August 17, 2011 - 4:20 pm
Samson Oil & Gas Ltd. – Transformation Continues: Becoming More Unconventional

Samson Oil & Gas Ltd. – Transformation Continues: Becoming More Unconventional

What’s New: Bigger and Better in the Bakken, Poised to Drill the Niobrara

In two previous reports, we described Samson’s efforts to advance the development of its leasehold prospective for the Niobrara oil play in the northern Denver-Julesburg (DJ) Basin …

July 29, 2011 - 4:41 pm

Deeper Well Test in Gabon Yield Positive Results for Harvest

On July 21, 2011 Harvest Natural Resources (ticker: HNR) provided an update on the progress of its exploration program offshore Gabon.

With efforts to test deeper zones at its Ruche discovery announced in June 2011 offshore Gabon, Harvest announced that …

July 22, 2011 - 5:39 pm

BPZ Resources, Inc. Secures $75 Million Senior Secured Credit Facility

BPZ Resources, Inc. (NYSE: BPZ) announced that the company entered into a $75 million senior secured credit facility with a lending syndicate led by Credit Suisse AG Cayman Islands Branch.

Borrowings under the new facility are available for Block Z-1 …

July 8, 2011 - 4:21 pm
Harvest Natural Resources Rapidly De-risking its International Portfolio

Harvest Natural Resources Rapidly De-risking its International Portfolio

Harvest Natural Resources (ticker: HNR) announced on June 22, 2011 the company has spud its second well on the Budong-Budong Block in Indonesia, the KD-1 well. The company plans to drill the well to a total measured depth of 10,800 …

May 22, 2011 - 5:49 pm

Harvest Natural Resources Sells Utah Assets to Newfield for $215 Million; Pays Down Debt; Refocuses on International Portfolio; Drilling Ahead in Indonesia; Getting Ready to Spud in Gabon

On March 22, 2011, Harvest Natural Resources (ticker: HNR) announced it sold all of its Utah oil assets to an affiliate of Newfield Exploration Company (ticker: NFX) for $215 million in cash. The sale has an effective date of March …

March 22, 2011 - 5:46 pm
Equal Energy Ltd. – Small Cap Oil-Weighted Producer

Equal Energy Ltd. – Small Cap Oil-Weighted Producer

Equal Energy is an exploration and production oil and gas company based in Calgary, Alberta, Canada with its United States operations office in Oklahoma City, Oklahoma. Equal has a geographically diverse portfolio of oil and gas assets with producing properties …

January 4, 2011 - 7:58 pm
Samson Oil & Gas Ltd. – Getting Up to Speed

Samson Oil & Gas Ltd. – Getting Up to Speed

This
 report 
is 
an
 update 
to 
EnerCom’s
 report 
from
 August 
6, 
2010
 on
Samson
 Oil
 &
 Gas 
Limited, 
Turning 
the 
Bit 
in 
the 
Right 
Direction.

Samson
 Oil 
& 
Gas
 Limited 
is 
an 
independent
 exploration 
and 
production
 company
 with 
principal 
…

December 29, 2010 - 4:35 pm
Samson Oil & Gas Ltd. – Turning the Bit in the Right Direction

Samson Oil & Gas Ltd. – Turning the Bit in the Right Direction

Samson Oil & Gas Limited is an independent exploration and production company with principal operations in the Western United States. The company is dual listed on the NYSE AMEX and the Australian Stock Exchange (ASX) and trades under the ticker …

August 6, 2010 - 4:05 pm