A new report from the EIA shows increased productivity per rig Reports from Baker Hughes (ticker: BHI) last week showed the number of rigs actively drilling for oil and gas in the United States fell below 1,000 for the first time since September 2009. Even as the number of rigs drilling has dropped precipitously in the U.S. as oil prices
Wattenberg-Focused E&P Lays Out Plans for 2015 PDC Energy’s (ticker: PDCE) favorite adjective in its 2015 Analyst Day was “resiliency,” as the company applied the term to its balance sheet, operations and its employees throughout the meeting on April 9, 2015. The event, held in New York City, was almost two thousand miles away from its core operations and headquarters
Gibson Energy plans to add 2 MMBO of storage over the next few years Gibson Energy (ticker: GEI) has received committed shipper support to proceed with the construction of 2 additional crude oil storage tanks at the Hardisty storage hub. The two tanks will have a combined capacity of 900 MBO, with one tank holding 0.5 MMBO and the other
Story by Reuters The drop in big oil companies’ profits in the past eight months isn’t just a function of lower crude prices – it also reflects strategic choices. A Reuters examination of corporate filings by some of the biggest players in the industry, including BP, Shell and France’s Total, shows the sensitivity of these companies’ earnings to changes in
Story by NPR Lower oil and natural gas prices have the petroleum industry laying off tens of thousands of workers. It looks like a decade-long trend of job growth in the U.S. oil business may end. But there are parts of the country where those job numbers are still rising. Pennsylvania is one of them. Randy Stroup sees evidence of
Story by Reuters Russia paved the way on Monday for missile system deliveries to Iran and started an oil-for-goods swap, signalling that Moscow may have a head-start in the race to benefit from an eventual lifting of sanctions on Tehran. The moves come after world powers, including Russia, reached an interim deal with Iran this month on curbing its nuclear
TransMontaigne Partners L.P. Announces Quarterly Distribution TransMontaigne Partners L.P. (TLP) announced today that it declared a distribution of $0.665 per unit for the period from January 1, 2015 through March 31, 2015. This distribution is payable on May 7, 2015 to unit holders of record on April 30, 2015. About TransMontaigne Partners L.P. TransMontaigne Partners L.P. is a terminaling and
Pursuant to the early warning requirements of applicable Canadian securities laws, Liminar Energía S.A. (“Liminar“), a private Argentine company, announces that on April 10, 2015 it acquired ownership and control of 23,323,656 common shares (“Common Shares“) of Crown Point Energy Inc. (“Crown Point“), representing approximately 14.18% of the issued and outstanding Common Shares, at an issue price of US$0.25 per
Contango Oil & Gas (ticker: MCF), an exploration and production company based in Houston, Texas, has published a digital 2014 Annual Report titled “Disciplined Value Enhancement.” The report details the company’s 2014 performance, provides easy access to Form 10-K, gives operations summaries and outlines its corporate vision for 2015. 2015 Gameplan Contango management singled out three drivers to its 2015 development, including
Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announced today that it plans to offer Series B Cumulative Redeemable Preferred Units (Series B Preferred Units), representing limited partner interests, in a public offering. Teekay Offshore expects to grant the underwriters a 30-day option to purchase additional Series B Preferred Units. The Partnership intends to use the net proceeds
Perpetual Energy Inc. Announces Disposition of Royalty Lands in East Central Alberta for $21 Million Perpetual Energy Inc. (“Perpetual”, the “Corporation” or the “Company”) is pleased to announce it has closed the sale of certain fee simple lands in east central Alberta, and a working interest in related seismic data, for $21.0 million. The transaction involves 206,712 net acres (207,770
Targa Resources Partners LP Announces Exchange Offer and Consent Solicitation Targa Resources Partners LP (NGLS) and its subsidiary Targa Resources Partners Finance Corporation (collectively “Targa“) announced today the commencement of an offer to exchange any and all of the outstanding unsecured 6 5/8% Senior Notes due 2020 issued by Targa Pipeline Partners LP (formerly known as Atlas Pipeline Partners, L.P.)
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