Post Tagged with: "Premium Content"

Halliburton’s Guided Tour of the U.S. Basin Slowdowns

Halliburton’s Guided Tour of the U.S. Basin Slowdowns

Frac market temporarily weakening
Like oilfield services giant Schlumberger (ticker: SLB) reported on Friday, this week Halliburton (ticker: HAL) said it too is seeing a slowdown in the overall U.S. frac landscape.

The company saw a slight increase in revenue

Pipeline: FortisBC Warns Customers that Gas Availability may be 50% Below Normal Levels this Winter

Pipeline: FortisBC Warns Customers that Gas Availability may be 50% Below Normal Levels this Winter

Pipeline woes may be felt all winter by natural gas consumers
In a press release on Monday, ForticBC has warned its customers that due to transmission constraints from a pipeline rupture, the regional natural gas supply, including the province, will

October 23, 2018 - 12:00 pm Closing Bell Story‎, Midstream
Midstream Consolidation Continues in $13 Billion Deal

Midstream Consolidation Continues in $13 Billion Deal

EnLink Midstream acquiring MLP subsidiary
The wave of consolidation and simplification sweeping the midstream industry continued today, as EnLink Midstream (ticker: ENLC) announced it will acquire its MLP arm, EnLink Midstream Partners (ticker: ENLK).

The pro forma company will retain

Schlumberger CEO Sees Temporary U.S. Frac Slowdown

Schlumberger CEO Sees Temporary U.S. Frac Slowdown

Schlumberger CEO Kibsgaard says several key customers said they will lay down all their frac fleets from middle November until middle January
No slowdown in international
Houston-based oilfield services giant Schlumberger (ticker: SLB) reported its Q3 results Friday and CEO

Rigs Concentrate in Texas

Rigs Concentrate in Texas

Eight new rigs in Lone Star State for each of the past two weeks
Drilling activity rose once again this week reaching another post-downturn high, according to the latest edition of Baker Hughes’ Weekly Rig Count.

A net four rigs

Colorado Ballots Arrive During Massive TV-Radio Ad Blitz

Colorado Ballots Arrive During Massive TV-Radio Ad Blitz

Both sides of 112 are advertising on Spotify as ballots are being delivered
The advertising messages to vote ‘No on Prop 112’ are everywhere you look and listen on Denver area TV and radio.

The stakes are high for the

Another British Columbia LNG Export Facility Moves Forward

Another British Columbia LNG Export Facility Moves Forward

Vancouver-based Kwispaa LNG, a subsidiary of Steelhead LNG, announced on October 17 that it submitted a project description to the British Columbia Environmental Assessment Office and Canadian Environmental Assessment Agency.

According to the project description, Kwispaa is proposing to “develop,

October 19, 2018 - 5:41 pm Canada, Closing Bell Story‎, LNG
BAM: It’s Earnings Season (Again) – Here are the Q3 2018 Oil & Gas Company Estimates

BAM: It’s Earnings Season (Again) – Here are the Q3 2018 Oil & Gas Company Estimates

Seems like just yesterday it was Q2 reporting season. But time accelerates quarterly in the public company universe.

EnerCom, Inc. has compiled first quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 111 E&P

COGCC v. Martinez Colorado Supreme Court - photo: Oil & Gas 360

This was the Scene at the Colorado Supreme Court during the Martinez Case Oral Arguments

Just 500 feet from the courthouse, a pro-oil rally at the capitol steps asked people to "Vote No on Proposition 112" 
Below: summary of the Martinez case and breakdown of the oral arguments
It was a busy day for oil

Weekly Gas Storage: Build Continues

Weekly Gas Storage: Build Continues

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.

In total, the EIA reports natural gas stocks rose by 81 Bcf last week, increasing to 3,037 Bcf

Talos, Hokchi Cross-Assign Offshore Mexico Block Interests

Talos, Hokchi Cross-Assign Offshore Mexico Block Interests

Gulf-based Talos Energy (ticker: TALO) announced today it will cross assign its participating interest (PI) in one of its blocks in offshore Mexico in exchange for PI in another block just south.

Talos Energy’s interest (Block 2), located in the

SM Energy Midland Outperformance Continues

SM Energy Midland Outperformance Continues

SM previews Q3

Denver-based SM Energy (ticker: SM) had some updates today regarding operating results for 3Q 2018.

Highlights from the preview include:

12.0 MMBOE (130.2 MBOE/D) total production.

A result of better than expected well performance in the Midland

GeoPark Issues 3Q 2018 Operational Update

GeoPark Issues 3Q 2018 Operational Update

Latin America-based operator GeoPark (ticker: GPRK) provided an operational update for 3Q 2018 today. GeoPark is an independent oil and gas producer with operations in Argentina, Brazil, Chile, Colombia, and Peru.

Some notable highlights and exploration successes from 3Q include:

Effective Rig Count Falls on Diminished Efficiency

Effective Rig Count Falls on Diminished Efficiency

Total EERC down 13
EnerCom has released its latest Effective Rig Count, examining the state of drilling activity correlated to production in major shale basins.

The Effective Rig Count fell this month, dropping by 13 to 2,747 effective rigs. Both

Weekly Oil Storage: Continued Build

Weekly Oil Storage: Continued Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 6,490 MBBL last week to 416,441 MBBL from 409,951 MBBL. This is

Will Colorado’s Outperforming Economy Tank if Prop. 112 Succeeds at the Polls?

Will Colorado’s Outperforming Economy Tank if Prop. 112 Succeeds at the Polls?

If voters ban oil and gas drilling by voting in Prop 112, Colorado's rosy economic metrics could turn sour in 2019-2021 and beyond
In what may turn out to be a bit of economic irony, Colorado Secretary of State Wayne

OPEC Production Up on Saudi, Libyan Surges

OPEC Production Up on Saudi, Libyan Surges

Total output up 132 MBOPD, Saudi pumping at highest rate since 2016
OPEC has released its Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry.

OPEC produced a total of 32,761 MBOPD in

Rig Count Jumps to Four-Year High

Rig Count Jumps to Four-Year High

1,063 rigs is highest level since March 2015
Drilling activity increased relatively rapidly this week, according to the latest edition of Baker Hughes’ Weekly Rig Count.

A net 11 rigs came online this week, the largest single-week increase since early

Source: HESS

NatGas Inventories Lowest Since 2005: EIA

The annual gas inventory build is well behind schedule, as stocks are currently significantly outside the five year average.

There are currently 2,956 Bcf of natural gas in storage in the U.S., according to EIA data released yesterday. This is:

Fed 10th District Survey Pegs Region’s Breakevens between $35 and $85 per Barrel

Fed 10th District Survey Pegs Region’s Breakevens between $35 and $85 per Barrel

The Federal Reserve Bank of Kansas City manages the central bank’s 10th District. The bank ran its third quarter survey from September 14, 2018 to September 28, 2018 and included 30 responses from firms located in its district, which includes:

If Colorado Voters Pass the 2,500-Foot Setback, ‘Governor Polis’ Will Let It Stand

If Colorado Voters Pass the 2,500-Foot Setback, ‘Governor Polis’ Will Let It Stand

Colorado Democratic party platform officially endorses both the 2,500-foot statewide drilling setback and the Martinez ruling for Colorado oil and gas permitting
Candidate Polis seeks 100% renewable energy for Colorado, no fossil fuels
Stapleton: 'I would pursue every redress possible

Murphy Oil Creates New Cash Flow Engine for a Bargain Price

Murphy Oil Creates New Cash Flow Engine for a Bargain Price

Murphy-Petrobras JV produces 75 MBOEPD from GOM, opens a lot of doors for Murphy
Murphy Oil (ticker: MUR) announced a major deal today, forming an offshore JV with Petrobras (ticker: PBR) that promises to transform the company.

Murphy and Petrobras

In 10 States Wind and Solar Output Exceeds 20% of Total Power Generated – Iowa, Kansas Jump to 50%

In 10 States Wind and Solar Output Exceeds 20% of Total Power Generated – Iowa, Kansas Jump to 50%

Wind and solar generation are steadily growing in the U.S.

According to a new report released by the U.S. Energy Information Administration (EIA), wind and solar electric generation reached or exceeded 20% of total generation in 10 states in 2017.

Lilis Converts 2nd Lien Term Loan to Equity

Lilis Converts 2nd Lien Term Loan to Equity

Houston-based Lilis Energy (ticker: LLEX), an independent oil and gas E&P company in the Delaware Basin (west Texas and southwestern New Mexico), announced yesterday it closed a new five-year senior credit revolving loan facility.

The maximum borrowing amount is $500

Weekly Oil Storage: Large Build

Weekly Oil Storage: Large Build

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks rose by 5,987 MBBL last week to 409,951 MBBL from 403,964 MBBL. This is

Drilling Applications Skyrocket as Companies Scramble for Permits Ahead of Colorado Setback Vote

Drilling Applications Skyrocket as Companies Scramble for Permits Ahead of Colorado Setback Vote

Permit backlog began high-speed ascent as Proposition 112 sped toward ballot
Oil and gas companies in Colorado are facing an existential threat in Proposition 112, which will expand setbacks to a level that cuts off the vast majority of the

Texas oil production - Oil & Gas 360

Midland Basin Leads Oil & Gas Breakevens at $47

The Federal Reserve Bank of Dallas has released its slide show updating leading indicators in the oil and gas industry.

The bank’s upstream survey respondents pegged breakeven prices for new wells in the nation’s basins in a range from $47

Proposition 112: What Do Weld County’s Wattenberg Royalty Owners Say?

Proposition 112: What Do Weld County’s Wattenberg Royalty Owners Say?

CAMRO's Weld County meeting was held a stone's throw from the Greeley Stampede rodeo grounds
Weld County is ground zero for the Wattenberg field, the sweet spot of the DJ Basin, the place whose production made Colorado the nation’s No.

Midstream Consolidation Continues With $6.1 Billion Deal

Midstream Consolidation Continues With $6.1 Billion Deal

Antero Midstream GP, Antero Midstream combining
The wave of midstream consolidation continues as Antero is simplifying its corporate structure, the company announced today.

Antero Midstream GP (ticker: AMGP) will acquire Antero Midstream Partners (ticker: AM) in a cash and stock

Cabot Updates Ops, Executes Agreements on Leidy South

Cabot Updates Ops, Executes Agreements on Leidy South

Houston-based Cabot Oil & Gas (ticker: COG) provided an operational update for its third quarter yesterday, in light of the in-service date delay for the Atlantic Sunrise Project from August 2018 to October 6, 2018.

Notable points in the operational

October 9, 2018 - 2:48 pm Closing Bell Story‎, Finance