Sanchez Energy Corporation’s (ticker: SN) development of its Catarina assets in the Eagle Ford (EF) are exceeding company expectations, SN management said in a news release on December 10, 2014. The Catarina, acquired from Royal Dutch Shell (ticker: RDS.B) in May 2014 for a price of $639 million, instantly doubled Sanchez’s asset base and production volumes. Announced production is currently
CRUDE OIL INVENTORY/’000 bbls (Week Ended 12/05/14) Current: 380,789 Actual Build/(Withdrawal): 1,454 Economist Average Estimate: (2,625) Previous: 379,335 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports KLR Group (12.10.14)Demand Demand of ~19.5 Mmbpd decreased ~1.9% w/w, while the four-week moving average increased ~20 bps to ~2.6% higher y/y. Gasoline demand
OPEC Cuts Demand Forecast OPEC cut demand forecast for its crude oil to a 12-year low, sending oil prices, energy shares and the overall stock market into a dive on Wednesday. West Texas Intermediate (WTI) traded at a day low of $60.43. On top of the OPEC demand cut, U.S. inventories increased on a day when expectations were for a
Jones Energy, Inc. (JONE) announced today that it recently acquired a contiguous block of 5,120 net acres in Hutchinson County, Texas, prospective for its primary drilling target, the Cleveland sandstone. The lease was acquired on favorable commercial terms similar to recent lease activity by Jones Energy. The lease terms provide Jones Energy with 100% working interest at all depths. The
Source: Business News Network Prime Minister Stephen Harper has retreated further from his pledge to regulate carbon emissions in the oil industry, saying it would be “crazy” to do so at a time of fallen crude prices. In the House of Commons on Tuesday, the Prime Minister rebuffed calls for new measures to deal with the country’s fastest growing source
Representative Joe Barton (R-Tex) introduced a bill yesterday that would remove restrictions on crude oil exports from the United States. The bill plans to “remove all restrictions on the export of crude oil, which will provide domestic economic benefits, enhanced energy security, and flexibility in foreign diplomacy,” according to the bill’s text. “The shale revolution has drastically reshaped America’s energy
Oil & Gas 360® received an email from a reader, asking us to think about the spelling of the word Frac versus Frack. Now, dear readers, we are in the Frac camp. For a couple of reasons. First, there’s no “K” in fracture stimulation technologies. A recent article written by Bloomberg used the “K” version of frac: “EnTrans International LLC,
Yesterday, Ukraine confirmed that it had begun to receive gas shipments from Russia’s state owned Gazprom (ticker: OGZPY) after a six-month cutoff, reports news agency ITAR-TASS. “Imports from Russia began two days earlier than planned,” Ukraine’s gas transport company Ukrtrangaz said in a statement. Ukrainian Energy Minister Volodymyr Demchishin said Ukraine had paid Gazprom on Friday, December 5, for the
Argent Energy Trust credit facility updated
SNC-Lavalin Group member, Kentz awarded four-year contract by Qatar Shell
Emerge Energy Services LP Announces First Shipments from Arland Plant
CATERPILLAR INCORPORATED – Caterpillar Inc. Maintains Dividend Rate
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
