Wednesday, December 4, 2024

Harvest Natural Resources Files for International Arbitration vs. Venezuela

To say Houston’s Harvest Natural Resources (ticker: HNR) has been frustrated by the government of Venezuela is an understatement. On Jan. 15, Harvest submitted a request for international arbitration against the sovereign nation. After years of fruitless negotiations with Venezuela for owed oil production revenue and past dividend payments, and more recently for apparently squashing the sale of Harvest’s interest

Suppose You Started Pad Drilling 500 Feet from a Development of Million Dollar Homes - Oil & Gas 360

CIBC Bearish on Gas

The CIBC maintains a bearish outlook on gas prices as weather remains warmer than last year The Canadian Imperial Bank of Commerce (CIBC) released its outlook on gas today, continuing to hold its bearish stance on the commodity’s future. The major factor determining the future price and inventories of gas, according to CIBC, is the weather. With the incredibly cold

Synergy Resources Corporation Provides an Operations Update, and Updates Fiscal Second Quarter Production Guidance

Synergy Resources Corporation (NYSE MKT: SYRG) (“Synergy” or the “Company”), a U.S. oil and gas exploration and production company with operations focused in the Greater Wattenberg Area in the D-J Basin, announces that it has entered into a day rate drilling contract with Ensign Drilling Company of North America (Ensign). Ensign is preparing to spud the first of eleven wells at the Company’s

Matador Resources Announces Delaware Basin Acquisition

Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced it has entered into a definitive agreement to acquire Harvey E. Yates Company (“HEYCO”), a subsidiary of HEYCO Energy Group, Inc., including certain oil and natural gas producing properties and undeveloped acreage located in Lea and Eddy Counties, New Mexico. HEYCO, headquartered in Roswell, New Mexico, is privately owned

Halliburton, Baker Hughes Each Close on Record Years in Q4’14 Results

Two oilservice giants standing tall in face of downturn The oil and gas industry may be bracing for a downturn in drilling operations, but Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) are entering 2015 on the heels of one of the finest years in each company’s respective history. Discussions for the merger are continuing as planned and are expected