The Ohio Department of Natural Resources reported over a 200% increase in oil production, and more than a 350% increase in natural gas production, from 2013 to 2014. The Ohio Department of Natural Resources (ODNR) last week released fourth quarter production numbers for oil and gas, showing strong production growth in the state. In the fourth quarter of 2014, the
The company announced today large increases to its reserves Range Resources (ticker: RRC) announced today that the company’s proved reserves have increased to 10.3 trillion cubic feet equivalent (Tcfe), an increase of 26%. In its press release, RRC also said it replaced 581% of production in 2014 from drilling. In EnerCom’s E&P Weekly for the week ended January 9, 2015,
Hell no, I do not want to relive 1986! Yesterday a client said, “It feels like 1986.” We haven’t heard that since 1986, and that year was a pivotal one. The United Kingdom and France announced plans to construct the Channel Tunnel The Space Shuttle Challenger disintegrated shortly after launch Halley’s Comet made its second visit to our solar system
Crescent Point will maintain dividend despite 28% CapEx cut Two companies this week, Crescent Point Energy Corp. (ticker: CPG) and Concho Resources Inc. (ticker: CXO), released forward looking statements projecting increased production in 2015, regardless of commodity prices. Crescent Point, which is based in Calgary, Alberta, said in its announcement that the company has set a capital expenditures budget of
Gulfport Energy Corp. (ticker: GPOR) has announced 2014 exit rate net production of approximately 68 MBOEPD (73% gas weighted), according to the company’s release. During the month of December 2014, Gulfport estimates average net production of approximately 66 MBOEPD. For the fourth quarter 2014, Gulfport currently estimates total net production was approximately 5,500 MBOE. Michael G. Moore, Gulfport’s CEO and
Bellatrix Revises 2015 CapEx and Production Guidance Calgary-based Bellatrix Exploration (ticker: BXE) announced the achievement of its 2014 year-end production guidance in a news release on December 22, 2014. The company also revised its 2015 capital budget to $300 million, down from $400 million, due to the decline in oil prices since June. According to the company, the focus of
Sanchez Energy Corporation (ticker: SN) is a Houston, Texas, based growth oriented independent exploration and production company focused on the exploration, acquisition, and development of oil resources in the onshore U.S. Gulf Coast with a current focus on the liquids-rich Eagle Ford Shale, Austin Chalk, Buda Limestone, and Pearsall Shale. Sanchez Energy Corporation released second quarter production results July 24,
It was only a few short months ago when our presidential candidates were bantering on the political stage about oil and natural gas production growth in the U.S. After all, from 2009 to 2012, U.S. crude oil production increased 29% to 6.2 MMBOPD and natural gas production increased 11% to 65.5 Bcf/d. But – was the growth because of, or
Sanchez Energy Corporation (ticker: SN) is as a fast growing independent oil and gas company targeting the liquids-rich Eagle Ford Shale, Pearsall Shale, Austin Chalk, and Buda Limestone plays. The company made its initial public offering in December 2011, and has since reported rapid development on its Eagle Ford acreage. During 2012, the company grew production 170% from 2011 levels
Unit Corporation (ticker: UNT) is a unique company in the oil and natural gas industry. The company is a diversified energy company through its subsidiaries Unit Petroleum Co, Unit Drilling Co and Superior Pipeline Co. As such, there are a number of ways to look at how to value UNT. In this write-up, OAG360 will be looking at production and
Sanchez Energy Corp (ticker: SN) is a pure-play South Texas oil company with a 95,000 net acre position targeting the liquids-rich Eagle Ford Shale, Pearsall Shale, Austin Chalk, and Buda Limestone. Back in December 2011, SN made its initial public offering (IPO) at $22 per share making the company one of the only pure-play Eagle Ford shale companies in the
Sanchez Energy (ticker: SN) issued common shares in its December 2011 initial public offering at $22 per share. The shares opened for trading on December 15, 2011, at $18.42 per share. Since the stock reached a low of $16.96 during trading on January 13, 2012, SN’s share price rallied as much as 48.8% reaching $25.23 per share during trading on February 24, 2012.
