Reacting to comments from the Saudi oil minister, crude oil prices fell more than $5 per barrel between Friday and Tuesday. Brent crude …
Permex Petroleum Corporation (ticker: OIL) has completed its initial public offering of 8,135,500 common shares at a price of $0.50 per share for proceeds of $4,067,750.
The shares were listed on the Canadian Securities Exchange (CSE) on May 15, 2018 …
Shale drillers are ramping up production in the U.S. as oil prices rise, moving beyond the West Texas oil field that became the country’s drilling center.
From Oklahoma to North Dakota, companies are increasing investment …
Chesapeake Energy Corporation (ticker: CHK) reported net income available to common stockholders of $268 million, or $0.29 per share for Q1 of 2018. Chesapeake’s average daily production for the first quarter of 2018 was approximately 554,000 BOE, compared to approximately …
Pennsylvania natural gas production has been on an upward curve since 2009.
According to the EIA, Pennsylvania averaged a record 15 Bcf/d in 2017. Producers have the Appalachian Basin to thank – Pennsylvania accounted for 19% of total U.S. marketed …
On Tuesday, the opening of bids and awarding of exploration and hydrocarbons production contracts for the First Tender …
Eclipse Resources Corporation (ticker: ECR) successfully drilled its longest Utica Dry Gas well to date. The Wiley D 8H had a …
From Bloomberg
From Franklin Roosevelt to George W. Bush, American presidents saw oil as the cornerstone of the relationship between Saudi Arabia and the U.S. — a steady supply from the Middle East’s largest exporter was considered crucial to the …
In November, United States’ crude oil production exceeded 10 million barrels per day for the first time since 1970, according to the US Energy Information Administration (EIA). Analysts have predicted that U.S. could become the world’s …
Haynesville producer Comstock Resources, Inc. (ticker: CRK) produced 22 Bcf of natural gas and 214,000 barrels, or 23.5 Bcfe in the fourth quarter of 2017.
Natural gas production averaged 241 MMcf/d, reflecting growth of 90% from pro forma natural gas …
Hi-Crush Partners LP (ticker: HCLP) reported its Q4 and full year 2017 results. Revenues for the fourth quarter of 2017 totaled $216.5 million on sales of 2,985,115 tons of frac sand. This compares to $167.6 million of revenues on sales …
Antero Resources (ticker: AR) spent $1.282 billion on drilling and completions in 2017. The company invested $204 million for …
From the Fort Worth Star-Telegram
Sundance Square, among downtown Fort Worth’s largest property owners, has added the Petroleum Building to its portfolio following the recent purchase of the building from XTO Energy.
XTO Energy, …
SilverBow Resources, Inc. (ticker: SBOW) recently announced its 2018 capital program of $245-$265 million. For 2018, SilverBow said that total company production is projected to average 175-195 MMcfe/d, an increase of approximately 25-40% from 2017 levels. This projection has been …
From Reuters
Oil’s price rally this year to its highest since May 2015 may seem a source of glee for OPEC, but some in the producer group fear the gains could prompt shale companies to crank open their spigots and …
Eclipse Resources Corporation (ticker: ECR) announced today that it has, through certain subsidiaries, entered into definitive agreements with Sequel Energy Group LLC (an affiliate of GSO Capital Partners LP) on December 22, 2017 to establish the previously announced drilling joint …
Saudi Arabia is hunting for an energy deal in American shale country.
Saudi Arabian Oil Co., known as Aramco, has had initial conversations about either taking a stake in Tellurian Inc., a Houston-based liquefied-natural-gas developer, or …
From Bloomberg
Crude oil production out of the U.S. is expected to hit record levels next year, …
One of the biggest environmental …
Advancements in unconventional drilling have fundamentally changed the types of oil and gas projects that attract capital.
When hydraulic fracturing and horizontal drilling unlocked vast hydrocarbon resources onshore in the U.S. shale basins about a …
President Trump wasted no time moving forward his energy intentions.
After being sworn in …
A study published by the Energy Policy Institute at the University of Chicago (EPIC) this month found that, on average, the benefits experienced by communities from …
Bloomberg Intelligence (BI) analysts Andrew Cosgrove and William Foiles presented a briefing today on the outlook for U.S. oil services and drilling. Bottom line: U.S. shale developers will lead …
Oil likely will not be able to sustain a price over $70 per barrel for some time, but that does not mean that the end is near for …
Crude oil prices are up today despite news over the weekend that no deal regarding the crude oil production freeze between OPEC and non-OPEC producers could be reached. …
Production from new wells, or those drilled since the start of 2014, made up 48% of total U.S. crude oil production in 2015. New …
U.S. shale producers are beginning to announce production cuts as the global glut is keeping prices lower for longer. There is a marked difference as companies begin …
Whiting Petroleum Corporation’s (ticker: WLL) geoscience team has taken a macro-approach by taking a microscopic view of the way oil flows through the rocks in …
The 1980s were a mixed up decade. Killer British-driven rock music and groundbreaking R&B artists were giving ground to wimpy, fake artists like Milli Vanilli. The era of …
