PENN WEST PETROLEUM LTD. (PWT.TO) (PWE) is pleased to announce that it has entered into definitive agreements with Freehold Royalties Ltd. (FRU.TO) relating to the sale by Penn West of an 8.5 percent gross overriding royalty in its working interests in a portion of the Viking play located in the Dodsland area of Saskatchewan and certain of its existing royalties and
Carrizo Oil & Gas, Inc. (CRZO) announced today that it has commenced an underwritten public offering, subject to market and other conditions, of $600.0 million aggregate principal amount of senior notes due 2023 under its existing shelf registration statement (the “notes offering”). Concurrent with the notes offering, Carrizo is conducting a cash tender offer for any and all of its
Magellan Midstream Partners, L.P. (MMP) (“Magellan”) and TransCanada Corporation (TRP) (“TransCanada”) announced today that they have entered into a joint development agreement to pursue a project to connect TransCanada’s Houston tank terminal to Magellan’s East Houston terminal. The project would include the construction of a 9-mile, 24-inch diameter pipeline, in which Magellan and TransCanada would have a 50/50 ownership interest.
Oasis Petroleum Inc. (OAS) (“Oasis” or the “Company”) today announced that the lenders under its revolving credit agreement completed their regular semi-annual redetermination of the borrowing base, resulting in a borrowing base of $1,700 million. The Company increased the lenders’ aggregate elected commitment to $1,525 million from $1,500 million. The lenders’ aggregate commitment can be increased to the full $1,700
Story by Reuters Venezuela’s state oil company PDVSA has offered to buy oil and gas producer Harvest Natural Resources Inc’s stake in the Petrodelta joint venture, a source close to PDVSA said on Tuesday. Houston-based Harvest has said the OPEC country was blocking a sale of its stake in Petrodelta and that it is facing a cash crunch in part
Story by Reuters * Cheniere eyes Corpus FID in 30 days\ * Cheniere expects to sell 2 mtpa more this year * Sabine Pass expansion FID seen this year (Adds detail, quotes throughout)) AMSTERDAM, April 14 (Reuters) – Cheniere aims to take a final investment decision on its planned Corpus Christi liquefied natural gas (LNG) export project in the United
EnerCom, Inc. compiled first quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 200 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilServices company earnings estimate for the quarter ending March 31, 2015, is $0.11 per share compared to actual earnings per share of $0.02 and
Government Energy Arm Releases 2015 Annual Energy Outlook The Energy Information Administration (EIA) released various energy-related projections through the year 2040 in its yearly release of the Annual Energy Outlook (AEO). In the 2015 edition, the EIA made five rather notable projections, including: Brent Prices will stay below $100 through 2028 The EIA shook the oil markets in its Short-Term Energy
The export ban is keeping U.S. crude prices down The crude export ban in the United States is often referred to as an antiquated piece of legislation that prevents U.S. light sweet crude oil from reaching international markets. Much of the refining capacity in the U.S. is designed for heavier crudes, meaning U.S. producers need to price their oil at
Tallgrass Energy Partners Increases Quarterly Distribution for Seventh Consecutive Quarter to $0.52, a 60 Percent Increase from One Year Earlier Tallgrass Energy Partners, LP (TEP) announced today that the board of directors of its general partner declared a quarterly cash distribution to partners of $0.52 per common unit for the first quarter of 2015, or $2.08 on an annualized basis.
Serinus Energy-Q1 2015 Operations Update Serinus Energy Inc. (“Serinus“, “SEN” or the “Company“) (TSX:SEN)(WARSAW:SEN) is pleased to provide the following update for its operations for the first quarter of 2015. First Quarter Production and Realized Prices Average corporate production for the first quarter was approximately 4,403 boe/d (SEN WI), representing a 19% decrease from 5,413 boe/d in the fourth quarter.
Deep Well SAGD Project Operations Update Deep Well Oil & Gas, Inc. (and its subsidiaries – “Deep Well” or “Company”) (OTCQB:DWOG) is pleased to announce the following operations update on its joint Steam Assisted Gravity Drainage project (“SAGD Project”) located in Sawn Lake, Alberta. The SAGD well pair was drilled to a vertical depth of approximately 650 meters with a
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