Increases Net Utica Position to more than 230,000 Acres Gulfport Energy (ticker: GPOR) made its second sizable acquisition in three months on June 9, 2015, landing 45,163 gross acres (33,426 net) in the Utica Shale from American Energy – Utica, LLC (AEU), a subsidiary of privately held American Energy Partners. The current purchase price is $387.2 million, but a deal
Story by The Associated Press Some of the world’s richest nations threw their weight behind a plan to stamp out fossil-fuel emissions by the end of the century in an unprecedented show of unity on climate change. The Group of Seven is pushing to cancel out any polluting gases from burning oil, gas or coal by 2100. The G7 has been
Erin Energy Corporation (“Erin Energy” or the “Company”) (NYSE MKT: ERN) today provided an update of its current operations. Kase Lawal, Chairman and Chief Executive Officer commented: “With the success of the Oyo-8 well and impending tie-in of the Oyo-7 well, we are very pleased with our current operations in Nigeria and the progression of our work program across our
Manitok Energy Inc. Announces an Update on its Acquisition in Southern Alberta and up to a $25.0 Million Equity Financing Manitok Energy Inc. (the “Corporation” or “Manitok“) (TSX VENTURE:MEI) is pleased to provide an update on the acquisition of approximately 1,800 boe/d of production (66% oil and liquids) and a related 25,000 bbls/d fluid processing facility in the Wayne area
June 26 is renowned as one of the busiest trading days of the year, and Reuters believes as much as $40 billion in transactions will occur in its final trading hours. The culprit is the Russell Stock Index, an operator whom adjusts its indices just once a year. The process is a transparent, straightforward formula based on market capitalization, liquidity
West Texas Intermediate is expected to average $5 less than Brent for 2015-2016 The Energy Information Administration (EIA) released its Short Term Energy Outlook (STEO) for the month of May, showing prices for both Brent and West Texas Intermediate (WTI) are stronger than in the past. Brent crude averaged $64/bbl in May while WTI averaged $59/bbl, both up $5 from
Plans submitted to the BLM call for over 100 horizontal wells Black Hills Plateau Production (ticker: BKH) proposed its development plan for 32,600 acres of federal, private and split-estate lands in De Beque, Mesa County, Colorado, to the Bureau of Land Management (BLM) earlier this month. The plan calls for up to 104 horizontal wells on 13 well pads targeting
A lot of core, an electron microscope, and complex completions When Mark Williams began his lunchtime talk at last week’s AAPG national convention, except for a few knives and forks clinking plates you could have heard a pin drop. The full room, packed with about 200 of Williams’ fellow geologists and other industry pros who trekked to Denver with 6,000 other AAPG attendees,
As West Coast production falls, more crude oil is being shipped by rail Crude oil shipped to West Coast refiners has increased by a factor of 8 since 2012, according to the Energy Information Administration (EIA). In the first quarter of 2015, crude by rail shipments to the West Coast Region (PADD 5) averaged 191 MBOPD, more than 8 times
Story by CNBC Asian equities declined on Tuesday, as downbeat inflation data from Asia’s largest economy and the prospect of higher U.S. interest rates sooner rather than later weighed on trading sentiment. China’s closely-monitored consumer price index (CPI) rose 1.2 percent last month from the year-earlier period, a shade below Reuters’ expectations for a rise of 1.3 percent and nudging
Calling it quits in Poland ConocoPhillips (ticker: COP) has joined the ranks of oil majors saying “no more” to shale gas development in Poland. Tim Wallace, ConocoPhillips country manager in Poland, said the company would not continue shale gas development in Poland, reports Reuters. “We understand the disappointment surrounding this difficult decision,” said Wallace, but “unfortunately, commercial volumes of natural
Story by CNBC Greece has submitted a new reform plan to its international creditors, a European official told CNBC Tuesday, as hopes of a deal pushed Greek shares over 2 percent higher. It comes after months of gridlock between indebted Greece and the bodies overseeing its bailout program — the European Commission, European Central Bank (ECB) and International Monetary Fund
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