Effects from the oil price slide are being celebrated by the average American consumer. AAA reports Americans may save as much as $75 billion in fuel costs in 2015, or $550 per household, which amounts to the lowest in more than a decade. Oxford Economics projects United States GDP will increase by roughly 0.7% in the new oil environment, while
New South Sea discovery tested to produce more than 35 MMcf/d China National Offshore Oil Corporation (CNOOC; ticker: CEO) announced yesterday a new “mid-to-large sized” natural gas discovery. The find, Lingshui 25-1, is located in the northeast of Ledong Sag in the Qiongdongnan Basin of the South Chinese Sea. The discovery well Lingshui 25-1-1 was drilled and completed at a
Energen Corporation (EGN) said today that it is assessing the impact of severe winter weather on its Permian Basin operations. Adverse weather conditions began affecting the company’s operations in the Delaware and Midland basins and Central Basin Platform on December 30, 2014. The storm’s impacts include power outages, trucking curtailments, limited access to production and drilling facilities, and frozen facilities.
Sanchez Energy Corporation (SN) (the “Company”, “SN”, “Sanchez Energy”, “we”, “our”, or similar terms), today announced a revised 2015 capital plan and guidance, which included the following highlights: Highlights Total capital plan for 2015 is expected to be in a range of $600 million to $650 million, of which $560 to $600 million will be for well drilling and completion
Chevron Corporation (ticker: CVX) has announced a “significant” oil discovery at the Anchor prospect in the deepwater U.S. Gulf of Mexico. The Anchor #2 Well, which is located in Green Canyon Block 807, was drilled to a total depth of 33,749 feet and encountered pay in multiple Inboard Lower Tertiary Wilcox Sands. The well is located approximately 140 miles from
SD — UPCOMING DEADLINE: LEVI & KORSINSKY, LLP Reminds Investors of Class Action Against SandRidge Energy, Inc. and Its Board of Directors and a Lead Plaintiff Deadline of January 12, 2015 — SD
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