As indicated by EnerCom’s Natural Gas Roundup inventory report, gas levels fell in line with five year averages for the first time in nearly a full calendar year in the report issued on December 12, 2014. Storage levels were as much as 33% below the five year average in March, but a cooler summer, record injections and forecasts for a
Continental Resources, Inc. (CLR) (“Continental” or the “Company”) today announced a revised 2015 non-acquisition capital expenditures budget of $2.7 billion. This level of activity is projected to yield 16% to 20% production growth in 2015 compared to estimated 2014 production. Harold G. Hamm, Chairman and Chief Executive Officer, commented, “This revised budget prudently aligns our capital expenditures to lower commodity
Rex Energy Corporation (“Rex Energy”) (REXX) today announced its 2015 capital budget and production guidance and provided a financial update. 2015 Capital Budget and Production Guidance The company expects its 2015 operational capital expenditures to be between $180 million and $220 million, a decrease of approximately 44% from the midpoint of its 2014 capital expenditure guidance and a decrease of
BPZ Energy (BPZ) (BPZ), an independent oil and gas exploration and production company, today provided initial production rates from the Corvina CX15-14D development well completed in early December. The well was drilled to a total measured depth of 7,845 feet and completed in six weeks. For the last 10 days, the well has averaged approximately 600 bopd, or 306 bopd
Encana Corporation (“Encana”) announced today it has reached an agreement with Veresen Midstream Limited Partnership (“Veresen Midstream”), a 50/50 limited partnership of Veresen Inc. and affiliates of Kohlberg Kravis Roberts & Co. L.P. (“KKR”), under which Encana and Cutbank Ridge Partnership (“CRP”), a partnership between Encana and Cutbank Dawson Gas Resources Ltd., a subsidiary of Mitsubishi Corporation, will sell certain natural
Whiting Petroleum (ticker: WLL), the largest producer of the Bakken/Three Forks shale play, announced estimated reserves of 780 MMBOE (83% oil) in a news release on December 22, 2014. The report was independently commissioned by a third party and represents a year-over-year increase of 29%, including the assets of Kodiak Oil & Gas. Whiting completed its $6 billion, all-stock acquisition
Bellatrix Revises 2015 CapEx and Production Guidance Calgary-based Bellatrix Exploration (ticker: BXE) announced the achievement of its 2014 year-end production guidance in a news release on December 22, 2014. The company also revised its 2015 capital budget to $300 million, down from $400 million, due to the decline in oil prices since June. According to the company, the focus of
DENVER, CO and HOUSTON, TX / ACCESSWIRE / December 22, 2014 / Earthstone Energy, Inc. (NYSE MKT: ESTE) (“Earthstone”) and privately-held Oak Valley Resources, LLC (“Oak Valley”) today jointly announced that at a special meeting of Earthstone stockholders held on Friday, December 19, 2014, all proposals (see the Earthstone Proxy Statement dated November 10, 2014 at www.sec.gov for the full
VAALCO Energy, Inc. (EGY) today announced that production from Well 2-H in the Ebouri field, offshore Gabon, has resumed following successful wireline remedial work. VAALCO expects production to stabilize at approximately 2,500 gross barrels of oil per day, 700 net to VAALCO. The well was temporarily shut-in in early October 2014 after pressure communication was detected between the tubing and
EuroSite’s CHP Systems Reduce Energy Dependence
Majescor Resources Inc. Provides Update Regarding Successful New Oil Well Drilled by Merger Candidate Advantagewon Oil Corp. and Timing for a Definitive Agreement
Escalera Resources’ Borrowing Base Reaffirmed at $50 Million
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