Oilfield services Archives - Page 62 of 70

New Executive Interviews from EnerCom’s The Oil & Gas Conference® 19

September 10, 2014

Industry Leaders Discuss Global Operations, Company Growth, M&A, and Emerging Trends in these Exclusive One-on-One Video Interviews with Oil & Gas 360® EnerCom, Inc. today posted an executive video interview series on Oil & Gas 360®, the company’s one-stop source of oil and gas news, information and analysis. More than 25 company executives participated in one-on-one interviews with Oil &

How Colorado’s U.S. Senate Candidates Compare on Energy

September 9, 2014

Udall is fighting for a 25% national RES, a carbon tax, wind tax credits, LNG exports and more nuclear. Gardner wants easier permitting to drill on federal lands and Alaska’s outer shelf, wind tax credits, LNG exports and more nuclear. Incumbent Democrat Senator Mark Udall and his Republican challenger U.S. Congressman Cory Gardner are engaged in a battle for Udall’s

Royal Dutch Shell Touts Utica Discovery Near New York

September 9, 2014

The Utica is growing. Royal Dutch Shell (ticker: RDS.B) successfully drilled two Utica wells 100 miles northeast of the nearest producer in the play, the company announced in a press release on September 3, 2014. The wells, located in Tioga County, Pennsylvania, not only extend the sweet spot of the play, but are “comparable to the best publically announced thus

Governor Hickenlooper Announces Members of Colorado’s 2014 Oil and Gas Task Force

September 9, 2014

Yesterday, Governor John Hickenlooper announced the members of a statewide task force that will craft recommendations to help minimize land use conflicts that can occur when siting oil and gas facilities near homes, schools, businesses and recreational areas. “The governor created the task force as part of a compromise to avoid a divisive and costly campaign fight this fall over

U.S. Crude Hit Lowest Level since January on Monday

September 9, 2014

On Monday, U.S. crude oil, reacting to a less worrisome geopolitical climate in Iraq and Ukraine, fell to its lowest level since January at $92.66 for October delivery. Monday’s “biggest decliners in the S&P 500 were oil drilling and exploration companies, which rely on high oil prices to justify pulling crude oil out of remote parts of the planet. Newfield

CAMAC Energy Update: Additional Financing Secured, More Positive Analyst Reviews

September 9, 2014

CAMAC Energy Inc. (ticker: CAK) is a Houston-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The company is completing two separate wells in the Oyo Field and expects to generate a total of 14 MBOPD. CAMAC’s Growth CAK has methodically built up its position offshore Nigeria over the past

Perspectives on Valuation — Why Callon Petroleum’s $212.6 Million Permian Basin Acquisition Delivers

September 8, 2014

On September 2, 2014 we reported on the acquisition of 6,230 gross acres (3,862 net) in the Midland Basin area of the Permian Basin by Callon Petroleum Company (ticker: CPE). The properties were purchased for $212.6 million in cash and are near CPE’s existing operations in Carpe Diem and Pecan Acres in Midland County, Texas. The sale is effective May

GE, Accenture Roll Out New Pipeline Technology

September 8, 2014

Avoiding Downtime During Winter Freeze is the Goal Access to infrastructure is a vital asset for oil and gas producers. Despite infrastructure investments as high as $40 billion per year, production from E&Ps continue to outpace the takeaway capacity in booming areas like the Marcellus and the Permian. Spot prices in Midland, Texas are trading at a $17 discount to

Utica Gas Output Up to 1.5 Bcf/day from 115 MMcf/day in 2012

September 8, 2014

The EIA came out with its Drilling Productivity Report today, calling the Utica Region in eastern Ohio one of the fastest growing natural gas production areas in the United States. “Total natural gas production in the Utica Region, which includes the Utica and Point Pleasant formations, increased from 115 million cubic feet per day (MMcf/d) in 2012 to an estimated

MLPs: Moving Energy from Wellhead to End User

September 5, 2014

Midstream infrastructure has emerged as a hot topic in the oil and gas space. A common theme heard at E&P investor conferences and recent earnings calls is new supply is being produced from the shale basins at a faster rate than the amount of midstream infrastructure available to collect, process and transport it to market. While E&Ps are focused on finding

Duke Energy, Piedmont Natural Gas, Dominion, AGL Resources Propose to Move Marcellus/Utica Shale Gas via $5 Billion Atlantic Coast Pipeline

September 4, 2014

Duke Energy (ticker: DUK), Piedmont Natural Gas (ticker: PNY) and AGL Resources (ticker: GAS) have selected Dominion (ticker: D) to build and operate a 550-mile interstate natural gas pipeline from West Virginia, through Virginia and into eastern North Carolina to meet the region’s rapidly growing demand for natural gas, the companies announced Tuesday. The pipeline cost estimate is between $4.5

Natural Gas Revisited: What will Storage Builds do for Spot Prices?

September 4, 2014

The Energy Information Administration reported a build of 79 Bcf for the week ended August 29, 2014, in its latest Weekly Storage Report. The new inventory total of 2,709 Bcf is 471 Bcf less than 2013 and 495 Bcf below the five-year average (approximately a 15% difference). The build marks the 18th straight week of gains greater than 74 Bcf,

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