Mr. Douglas E. BrooksMr. Brooks is a senior oil and gas executive with 33 years experience. He served for over twenty-four years with Marathon Oil Company lastly as Director of Upstream M&A and Business Development – Americas. Mr Brooks then built two private equity-sponsored firms each focusing on unconventional resource projects in the western US. Following a short period with
Talisman Announces Anticipated Date for Completion of Acquisition by Repsol Talisman Energy Inc. (TLM.TO) (TLM.TO) announces that the completion of the acquisition of Talisman by Repsol S.A. is scheduled to occur on May 8, 2015. Regulatory approvals required under the arrangement agreement with Repsol have been obtained. The completion of the transaction remains subject to the satisfaction of customary closing
Penn West Announces Its Financial And Operational Results For The First Quarter Ended March 31, 2015 (“Penn West“, the “Company“, “we“, “us” or “our“) is pleased to announce its financial and operational results for the first quarter ended March 31, 2015. All figures are in Canadian dollars unless otherwise stated. Three months ended March 31 2015 2014 % change Financial
Reports Top IP Rates from Two Williston Wells Whiting Petroleum (ticker: WLL), the largest producer and acreage holder in the Williston Basin, reported decreasing well costs and increasing production volumes in its Q1’15 earnings release issued on April 29, 2015. Total quarterly production averaged 166.9 MBOEPD (88% liquids), a sequential increase of 3% as compared to Q4’14, pro forma the
MEG Energy to release first quarter financial results MEG Energy Corp. (MEG.TO) announces that it intends to release its financial results for the first quarter ended March 31, 2015 on Thursday, May 7, 2015. A conference call will be held to review the financial results at 7:30 a.m. Mountain Time (9:30 a.m. Eastern Time) on Thursday, May 7, 2015. The
Canadian Oil Sands Announces First Quarter Results and Progress on Cost Savings at Syncrude All financial figures are unaudited and in Canadian dollars unless otherwise noted. Canadian Oil Sands Limited (“COS”) reported strong operating performance at Syncrude for the first quarter of 2015, with cost reduction initiatives and stable production mitigating the impact of lower oil prices. COS’ cash flow
New index could help predict political impacts on the international flow of oil Oil, like certain other minerals, is one of the most highly politicized commodities traded across the globe. When analysts try to predict what countries will be increasing exports, or where they will send their petroleum production, political risk is one of the great unknowns. Policy decisions by governments
LINN Energy reported Q1’15 results, increased production LINN Energy (ticker: LINE) reported its first quarter results today, growing production despite a 65% decrease in 2015 capex compared to 2014. The company’s production increased by 2% to approximately 1,201 MMcfe/d, according to the company’s press release. “Production in the first quarter was positively impacted by efficient operations across our portfolio particularly
ZaZa Energy Corporation (“ZaZa” or the “Company”) (ZAZA) today announced that the Company has closed on a definitive agreement with an institutional investor for a cash financing of $2.5 million in gross proceeds. Under the terms of the agreement, ZaZa has issued shares of its newly designated Series A 5% Convertible Preferred Stock in a private placement (the “Preferred Stock”). The
Lonestar Resources, Ltd. (ASX: LNR, OTCQX: LNREF) is pleased to announce that it has reached definitive agreements to acquire leasehold associated with approximately 6,122 gross / 4,047 net mineral acres in La Salle County, Texas. Lonestar’s independent engineering consultants estimates that Proved net reserves associated with these properties are 2.7 million barrels of liquids and 11.0 billion cubic feet of
Breitling Energy Corporation (BECC) (“Breitling Energy”) announces a new strategic relationship with Patriot Energy, Inc. (“Patriot”) of Dallas, Texas to expand Breitling Energy’s Asset Management division. As part of its unique business model, Breitling Energy’s Oil and Gas Management sub-division has existing industry partners that syndicate or de-risk royalty or working interests to a network of third-party industry partners or
Synergy Resources Corporation (NYSE MKT: SYRG) (“Synergy”) has closed on the Amendment dated February 12, 2015 to its Exploration Agreement with Vecta Oil & Gas, Ltd. (Vecta) dated March 1, 2013; whereby Vecta has conveyed assignments for an undivided 30% working interest in leasehold within the DJ Basin Greenhorn AMI (AMI) covering approximately 13,530 net acres. Synergy’s position in the NE Wattenberg
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