March 17, 2015 – Oil & Gas 360

Pacific Energy Development Announces Acceptance of Listing Compliance Plan by NYSE MKT

March 17, 2015

PEDEVCO Corp. d/b/a Pacific Energy Development (NYSE MKT: PED) (the “Company”), today announced that the NYSE MKT (the “Exchange”) notified the Company that it has accepted the Company’s plan of compliance (the “Plan”) which the Company previously presented to the Exchange on February 6, 2015 to increase its stockholders’ equity to at least $6 million prior to the targeted completion

Samson Oil & Gas Advisory – Month-over-Month Production Increased 47% in February 2015

March 17, 2015

Samson Oil & Gas Limited (ASX: SSN; NYSE MKT: SSN): TOTAL COMPANY PRODUCTION Samson’s net monthly production for the last five months is as follows; October November December January February OIL, BO 6,591 17,619 18,906 15,221 22,590 GAS, MCF 11,861 9,363 12,102 15,384 21,694 BOE 8,567 19,180 20,923 17,785 26,206 BOEPD 285 618 675 574 845 February production was significantly

Breitling Energy Corporation Announces Hunton Acquisition

March 17, 2015

Breitling Energy Corporation (BECC) (the “Company”) announced that on March 10, 2015, the Company completed an acquisition of certain non-operated working interests in the Hunton play of northwestern Oklahoma. This extends the Company’s plan to acquire strategic assets during this lower price environment. “While everyone in the upstream industry is feeling the affects of today’s low prices, it also presents

Oilservice Sector Shouldering the Burden of Oil Patch Layoffs

March 17, 2015

Forbes reports nearly 74,000 oil workers have been laid off since spot prices plummeted in Q4’14, with 58,624 (or nearly 80%) of the workers coming from the oil service side. Major companies like Schlumberger, Baker Hughes, Pemex, Weatherford and Halliburton have each extended the disheartening news to more than 6,000 employees. Forbes opened up its comment section for its readers

Indian Refiners Diversifying Imports

March 17, 2015

Refineries in India are importing oil from more varied sources in order to diversify supply Indian refineries continue to reduce imports from traditional markets like Saudi Arabia and Iran and have stepped up purchasing from other markets, including Mexico, Iraq and Venezuela while building inventories as crude prices remain low. Availability of cheaper crude variants and softening of shipping costs

VAALCO Announces Q4, FY 2014 Results

March 17, 2015

VAALCO Energy Announces Fourth Quarter And Full-Year 2014 Results HOUSTON, March 16, 2015 /PRNewswire/ — VAALCO Energy, Inc. (NYSE: EGY) today reported results for the fourth quarter and full-year 2014. For the 2014 fourth quarter, VAALCO reported Adjusted Net Income of $9 thousand, or $0.00 per diluted share. Adjusted Net Income excludes a $98.3 million non-cash impairment charge related to significantly

ONEOK Partners Announces $800 Million Offering

March 17, 2015

ONEOK Partners Announces $800 Million Notes Offering TULSA, Okla., March 17, 2015 /PRNewswire/ — ONEOK Partners, L.P. (NYSE: OKS) today announced that it has priced an offering to sell $800 million of senior notes, consisting of $300 million of five-year senior notes at a coupon of 3.8 percent and $500 million of 10-year senior notes at a coupon of 4.9

Production Predicted to Decline in Three Major U.S. Basins

March 17, 2015

The EIA predicts overall U.S. production to continue growing despite declines in the Eagle Ford, Niobrara and Bakken plays. The Energy Information Administration’s (EIA) most recent Drilling Productivity Report (DPR), which covers the months of March and April 2015, include the first projected declines in crude oil production in the Eagle Ford, Niobrara and Bakken since the DPR began publication

Oil & Gas 360 - ConocoPhillips ups drilling program in Eagle Ford - Oil & Gas 360

ConocoPhillips Trims Capital Budget thru 2017

March 17, 2015

Updated 2015 Guidance is 31% Below 2014 Expenditures ConocoPhillips (ticker: COP) has revised its capital plan to $11.5 billion per year through 2017, according to a news release issued on March 17, 2015. COP had originally set its 2015 budget at $13.5 billion in a December 2014 announcement but trimmed the estimate to $11.5 billion in its Q4’14 results. The flat

Ohio Judge Overturns Local Drilling Ban

March 17, 2015

A judge in Broadview Heights, Ohio, rules that oil and natural gas firms can drill new wells in the area Cuyahoga County Common Pleas Judge Michael Astrab ruled that Bass Energy Co. Inc. and Ohio Valley Energy – and other oil and gas companies – can drill new wells in Broadview Heights, according to the Northeast Ohio Media Group. The

Bonavista Confirms April Dividend

March 17, 2015

Bonavista Energy Corporation Confirms Dividend for April 15, 2015 CALGARY, ALBERTA–(Marketwired – March 16, 2015) – Bonavista Energy Corporation (“Bonavista”) (TSX:BNP) confirms that a dividend of $0.035 per common share will be paid in cash on April 15, 2015 to common shareholders of record on March 31, 2015. The ex-dividend date is March 27, 2015. Bonavista’s dividend policy is reviewed

ETP Simplifies Structure with $20 Billion Sunoco Acquisition

EnLink Completes Acquisition of Coronado

March 17, 2015

EnLink Midstream Completes Acquisition of Coronado Midstream DALLAS–(BUSINESS WIRE)– The EnLink Midstream companies, EnLink Midstream Partners, LP (ENLK) (the Partnership) and EnLink Midstream, LLC (ENLC) (the General Partner) (together “EnLink”), today announced that the Partnership completed its previously announced acquisition of Coronado Midstream Holdings LLC (“Coronado”), which owns natural gas gathering and processing facilities in the Permian Basin, for approximately

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