For the 19th year, analysts, investors and industry professionals will descend on Denver, Colorado, for EnerCom’s annual installment of The Oil & Gas Conference. The event started as a one day affair in August of 1996, with eight company presenters and 86 people in attendance. Eighteen years later, the Conference has grown to the largest Oil & Gas investor conference
If 35% Flat Tax Is Repealed, Higher Production Taxes Could Again Slow Oil and Gas Development On August 19, Alaskan citizens will vote on a ballot that determines the taxing fate of the oil and gas production companies working in the state. The vote will happen at the same time as the primary elections. Last year, the Alaskan Senate passed
In the first of two announcements this week, PennEast Pipeline LLC and UGI Energy Services (ticker: UGI) announced plans to build a 100 mile, $1 billion 30-inch gas pipeline from Pennsylvania and New Jersey to take Marcellus gas production to market. The PennEast pipeline is designed to take 1 Bcf of natural gas per day, which can supply gas to
Fred Upton, Chairman of the House Energy & Commerce Committee, referenced this week’s Fox News special report entitled “No Fracking, No Boom” in his blog update today. The blog compared the jobs-driven economic uplift in Pennsylvania to New York’s southern counties’ six year employment decline in the absence of shale development in his blog post today. The Chairman’s state of
Brazil Mourns Death of Presidential Candidate Eduardo Campos Petrobras (ticker: PBR), the Brazilian integrated oil and gas company, announced today the extension of the Jupiter discovery in Santos Basin pre-salt block BM-S-24 following drilling operations at well 3-BRSA-1246-RJS (3-RJS-732), informally known as Apollonia. Petrobras is scheduled to present at EnerCom’s The Oil & Gas Conference 19® on Tuesday, August 19,
For 76 years, Mexico’s state-owned oil company Petroleos Mexicanos, or Pemex, has been the government-enforced monopoly over all of the country’s oil and gas industry efforts. Roughly one-third of all of Mexico’s tax revenues is derived from Pemex, according to Reuters. Like many other countries with government-owned oil and gas monopolies, Mexico has not reinvested enough in Pemex for it
The Utica Shale made its first ever appearance on the Energy Information Administration’s (EIA) Drilling Productivity Report on August 12, 2014. The Report first debuted on October 22, 2013, and detailed various elements of six major plays, including production rates, rig counts and decline rates on legacy wells. The Utica is the first play to be added to the list,
Gennady Timchenko, Russian billionaire and holder of 23% of the stake in Rosneft and Novatek, and Igor Sechin, chief executive of the Kremlin-controlled oil group Rosneft, seem confident that their companies will survive and prosper despite financing sanctions imposed by the United States in July. According to the Financial Times, “Novatek, Russia’s largest independent gas producer, is sitting pretty. It
Rice Energy (ticker: RICE) announced the intent to form a master limited partnership (MLP) prior to its Q2’14 earnings release on August 11, 2014. The announcement comes less than seven months after Rice closed its initial public offering in January 2014. The MLP offering is expected to consist of the company’s Pennsylvania gas gathering assets and will likely close in
Three Native American tribes whose land hosts up to one third of North Dakota’s 1 million BOPD production have asked oil companies to pay royalties on the natural gas they are burning off, or flaring, from oil wells on Indian lands in Fort Berthold. The reservation’s one million acres are home to the Mandan, Hidatsa and Arikara tribes. “The Three
Pengerang, Malaysia is the designated site for RAPID—Refinery and Petrochemicals Integrated Project—a mega-sized refinery and energy-focused industrial and petrochemical complex. RAPID was launched to boost Malaysia’s future energy needs, economic growth and to establish Petronas’ position as a key player in the Asian chemicals market. The 2,526-hectare site in Pengerang, Johor, is part of the Johor State’s Pengerang Integrated Petroleum
Denver International Airport is unique. From the architecture to the natural lighting, and from the head-scratching sculptures to the scores of strange murals, DIA is a Midwest hub home to thousands of travelers, massive infrastructure, and yes, even conspiracy theories. DIA is also the fifth-busiest airport in the United States and hosted roughly 52.5 million passengers in 2013 alone (approximately
