January 14, 2015 – Oil & Gas 360

Antero Resources Fourth Quarter 2014 Operations and Hedge Update

January 14, 2015

Antero Resources (AR) (“Antero” or the “Company”) announced today fourth quarter 2014 operational highlights and an update on its commodity hedge position. Fourth quarter 2014 average net daily gas equivalent production was 1,265 MMcfe/d, an 87% increase over the prior year quarter and a 17% increase sequentially Fourth quarter 2014 average net daily liquids production was 30,400 Bbl/d, a 172%

ONEOK Increases Quarterly Dividend

January 14, 2015

The board of directors of ONEOK, Inc. (OKE) today increased ONEOK’s quarterly cash dividend by 1.5 cents per share, or 3 percent, to 60.5 cents per share, effective for the fourth quarter 2014, resulting in an annualized cash dividend of $2.42 per share. The dividend is payable Feb. 13, 2015, to shareholders of record at the close of business Jan.

New Bill to Expand U.S. LNG Exports

January 14, 2015

New legislation set to allow LNG export to WTO members without DOE approval Congressman Mike Turner (R-OH) reintroduced legislation, titled the “American Job Creation and Strategic Alliances LNG Act,” yesterday in order to lift trade restrictions on the export of liquid natural gas (LNG). Under Turner’s bill, companies would be able to export LNG to any of the 160 members

Oil prices fall on fading storm impact, Chinese economic data - Oil&Gas360

Oil Prices: WTI Tops Brent as Export Options Gain Interest

January 14, 2015

The price of West Texas Intermediate (WTI) exceeded Brent for the first time since July 2013 today, before closing at $48.63 – just $0.14 below its spot price counterpart. In an interview with Bloomberg, John Kilduff, a partner at Again Capital LLC, said, “Strong refinery utilization here is giving WTI support, while Brent is tied to the oversupplied European market.”

Crude Oil Cuttings for the Week Ended January 9, 2015

January 14, 2015

CRUDE OIL INVENTORY/’000 bbls (Week Ended 1/9/15) Current: 387,782 Actual Build/(Withdrawal): 5,389 Economist Average Estimate: 1,750 Previous: 382,393 Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY KLR Group Demand Demand of ~19.2 Mmbpd decreased ~0.6% w/w, and the four-week moving average decreased ~160 bps to ~4.9% higher y/y. Gasoline

Exxon to Invest $25 Billion in BC LNG

January 14, 2015

Exxon and its Canadian partners have filed to move forward on a new LNG project in western Canada ExxonMobil (ticker: XOM) and its Canadian partner Imperial Oil Ltd. (ticker: IMO) have taken a step forward in the process of developing the WCC LNG project in British Columbia, Canada. WCC LNG filed an environmental assessment and project description for its proposed

Qatar Petroleum and Shell not to pursue Al Karaana petrochemicals project

January 14, 2015

Qatar Petroleum and Shell have decided not to proceed with the proposed Al Karaana petrochemicals project, and to stop further work on the project. The decision came after a careful and thorough evaluation of commercial quotations from EPC (engineering, procurement and construction) bidders, which showed high capital costs rendering it commercially unfeasible, particularly in the current economic climate prevailing in

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