The West Texas Intermediate (WTI) spot price sank to a four year low on November 25, 2014, closing at $73.86. The Brent price settled at $78.17. The drops for both benchmark prices wiped out gains made in recent days and added more speculation on the highly anticipated OPEC meeting, scheduled for Thursday, November 27. Four countries met in Vienna today,
Story by The Wall Street Journal A Delaware court has held up an energy industry merger, a rare move for a judge in a live deal. Vice Chancellor John Noble put on ice C&J Energy Services Inc. ’s merger with a unit of Nabors Industries Ltd. , finding C&J’s board didn’t adequately shop the company, according to people familiar with
Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN) HAWK SPRINGS PROJECT, GOSHEN COUNTY, WYOMING Bluff 1-11 (SSN 25%) The Bluff 1-11 well was perforated within the 9,500 sand over the interval 7,738 to 7,754 feet, and the well unloaded the completion brine almost immediately and flowed non inflammable gas at a rate of 8 MMcfpd. The rate was
Multiple tax reductions target LNG investment Exxon Mobil (ticker: XOM) announced last week that it will join an alliance of companies that is promoting the development of a liquefied natural gas industry in northern British Columbia, reported CBC News. The British Columbia LNG Alliance said last Wednesday that ExxonMobil Canada Ltd., a subsidiary of the U.S.-based ExxonMobil, has become the
The hydraulic fracturing dispute continues in one of the U.S. battleground states Colorado has played host to numerous standoffs involving hydraulic fracturing and its practices. Even though ballot initiatives were dropped in August, the debate of fracing continues on a smaller level in the many communities throughout the state. The political environment has begun to sway in favor of the
On November 20, Apache Corp. (ticker: APA) announced its intentions to sell non-core assets in southern Louisiana and certain parts of the Anadarko Basin for approximately $1.4 billion in two separate deals with unnamed buyers. In southern Louisiana, Apache agreed to sell its working interest in approximately 90,000 net acres. These mature fields, which are characterized by high decline rates
After an initial consultation, Britain’s Environment Agency (EA) said it is “minded to grant” privately-held energy firm Cuadrilla permits to frac during exploration for shale gas in Lancashire, England, reports the BBC. The agency has issued a “draft decision” outlining the conditions under which they would allow fracing at the Roseacre Wood site in Lancashire. A second round of consultation
Fraser Institute’s annual Global Petroleum Survey of energy executives ranks Canada oil and gas provinces among the best in the world for investment. The survey ranks 156 jurisdictions worldwide on their attractiveness for investment based on the input of oil and gas industry executives and the oil and gas reserves of each jurisdiction. Canada’s Most Attractive Province: Alberta On the strength
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