Production volumes continue to rise for Sanchez Energy Corporation (ticker: SN), an Eagle Ford-focused E&P nearing the third anniversary of its 2011 initial public offering. The landmark acquisition of its Catarina asset in May 2014 doubled its asset base and provided a fourth regional focus area for the company. Q3’14 represents the first full quarter of the realized Catarina impact.
After a Year of Haggling, Lawmakers Greenlight New Drilling Rules On Nov. 6, lawmakers in Illinois signed off on rules to regulate high-volume oil and gas drilling and completions, paving the way for what local industry hopes will result in unleashing the energy boom in southern Illinois. An Illinois “fracing law” was passed by the state legislature in 2013 and
This week marked the latest step in returning energy relationships to normal between Russia and Ukraine. On Tuesday, Ukraine’s Naftogaz made its first debt payment of $1.45 billion to Russia’s state owned Gazprom (ticker: OGZD) for natural gas supplied to Ukraine during November and December 2013, Gazprom confirmed. This first payment is part of a winter gas package that was
Story by Loren Steffy of Forbes Wildcatters may not be the gamblers they once were, but the Oil Patch hasn’t lost all of its swagger. Harold Hamm, who founded Continental Resources in 1967 and turned it into the biggest producer in North Dakota’s Bakken Shale, is making a big bet that oil prices won’t continue their swoon. Hamm told investors
Virtus Oil and Gas Corporation (VOIL) (“Virtus” or the “Company”) today announced that an updated independent assessment of the Company’s prospective resources by Gustavson Associates now indicates a 58.2% increase to the Company’s best estimate of unrisked P50 recoverable resources on the Parowan Project. The evaluation report received yesterday is an update to the original April 10, 2014 version to
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