Dropping Oil Prices = Changing Landscape for E&Ps, Midstream, OilService Companies At last week’s 2014 Energy Symposium hosted by Wells Fargo Securities at the Waldorf Astoria, the sentiment expressed by the energy companies was far different from what had been coming out of similar meetings before a global oil price slide which began in the summer of 2014. Midstream companies presenting at
Chevron (ticker: CVX) has terminated its contract with Ukraine to extract shale gas in the western part of the country. The world’s third largest oil company by market cap spent more than a year to get the government to simplify taxation for development, reports local media. “We have just terminated that PSA (production sharing agreement),” said Peter Clark, Chevron’s country
Abraxas Petroleum Corporation (“Abraxas” or the “Company”) (AXAS) today provided the following operations and guidance update. Conference Call Abraxas will host a conference call on Tuesday, December 16, 2014 at 10 AM Central Time (11 AM Eastern Time) to discuss recent operational results and changes to the Company’s 2015 capital program. The conference call can be accessed by dialing 866.318.8615
Utica/Point Pleasant well sets Appalachia record Range Resources (ticker: RRC) announced today its 2015 capital budget and initial results from its Utica/Point Pleasant well located in Washington County, Pennsylvania. Range has set its 2015 capital budget at $1.3 billion, a decrease of 18% versus its 2014 capital budget. The company said that the decrease is a result of improving capital
U.S. Energy Corp. (Nasdaq:USEG) (the “Company”), today announced the appointment of Mr.David Veltri as President and Chief Operating Officer (“COO”) of the Company, effective January 1, 2015. In addition, the Company announced the approval by its Board of Directors of an $8.2 million 2015 oil & gas capital expenditures (“CAPEX”) budget and announced the reduction of its debt by 25%,
Partners BP and Husky expect oil from Sunrise Energy Project by Q1 of next year On December 11, Husky Energy (ticker: HSE) announced that it has commenced steam operations at its Sunrise Energy Project, a joint venture (JV) with BP (ticker: BP), in the northeast Alberta oil sands. Husky is the operator of Sunrise and has a 50% working interest
Bellatrix announces the appointment of Daniel Lewis and Steven J. Pully to its Board of Directors
Range Announces 2015 Capital Budget and Record Utica Well Results
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