September 8, 2015 – Oil & Gas 360

Nighthawk Energy Readies Drilling Program, Armed with Financing and Joint Ventures

September 8, 2015

Nighthawk Energy (ticker: HAWK.L), an exploration and production company focused on conventional operations in the Denver-Julesburg Basin, is preparing to ramp up its drilling program after finalizing a series of financing and joint development agreements. Capital in Place to Begin Drilling in Sept. 2015 The company completed a convertible loan issue in August, raising $10 million to restart operations within

Continental Resources Trims 2015 Capital Budget, Reduces Rig Count

September 8, 2015

Maintains Guidance Despite 12% Budget Cut Citing low commodity prices, Continental Resources (ticker: CLR) cut its 2015 non-acquisition budget to $2.35 to $2.40 billion, down from its previous guidance of $2.70 billion. In a company release, management said the adjustment is designed to “better align spending with cash flow at current commodity prices.” Well completion activity will be deferred barring

Spain Reaches Deal to Transport Iranian Natural Gas

September 8, 2015

Spain and Iran come to a deal on natgas transport Spain reached an agreement with Iran to ship natural gas from Iran to Europe following the release of sanctions against the country. Iranian authorities and an economic trade delegation of some 70 Spanish companies, including Repsol (ticker: REP) accompanied by government officials, visited Tehran Monday to discuss the details, reports

ARM Midstream To Develop Natural Gas Gathering And Processing System And Crude Gathering System In Oklahoma’s STACK Play

September 8, 2015

Asset Risk Management (ARM) (www.asset-risk.com) announced today that ARM Midstream, a wholly owned subsidiary of ARM, is partnering with Highbridge Principal Strategies, LLC (Highbridge) to build a cryogenic processing plant, natural gas gathering system, and crude oil gathering system in Oklahoma’s STACK play. The project will provide area producers with the infrastructure and takeaway capacity required to grow production in

Noble Energy Increases Third Quarter Volume Expectations, Driven Primarily by DJ Basin Performance and Infrastructure

September 8, 2015

Noble Energy, Inc. (“Noble Energy”) (NYSE: NBL) today provided new third quarter 2015 sales volume guidance, with the midpoint of the Company’s new expectation representing a 10 thousand barrel of oil equivalent per day (MBoe/d) increase over the midpoint of its prior estimate. Following strong volume performance in July and August, the Company has raised its anticipated third quarter 2015

Dominion To Sell 33% Partnership Interest In Contracted Solar Portfolio To SunEdison for $300 Million

September 8, 2015

Venture would include 24 projects totaling 425 megawatts completed 2013-15 Company is also partnering with SunEdison on 210-megawatt Utah solar project expected to come online in 2016 Dominion (NYSE:D) announced today that it has agreed to enter into a partnership with SunEdison, Inc. (SUNE), in which it would sell 33 percent of its ownership in 425 megawatts of solar generating

Williams and Chesapeake Energy Execute Expansion of Gas Gathering Services and Acreage Dedication in the Dry Utica, Consolidate Haynesville Gas Gathering Agreements

September 8, 2015

WILLIAMS Release Williams (WMB) today announced an expansion of gas gathering services for Chesapeake Energy (CHK) in growing dry gas production areas of the Utica Shale in eastern Ohio and a consolidation of contracts in the Haynesville Shale in northwestern Louisiana to optimize production opportunities, streamline fee structures and restructure commitments to incentivize long-term development of the fields. The agreements

Phillips 66, Spectra Energy Announce Plan to Strengthen DCP Midstream

September 8, 2015

Phillips 66 (PSX) and Spectra Energy (SE), 50/50 joint venture owners in DCP Midstream, LLC, have entered into a nonbinding letter of intent for contributing assets to strengthen DCP Midstream. This transaction is expected to provide DCP Midstream with a stronger balance sheet and increased financial flexibility, and positions DCP to grow through commodity price cycles. Spectra Energy has agreed to

CNOOC to Resume 75% of Oil Sands Production

September 8, 2015

Alberta regulator calls for partial shutdown at CNOOC project The Alberta Energy Regulator (AER) recently announced that it would partially lift a suspension order it issued August 28 against China National Offshore Oil Corp (CNOOC, ticker: CEO) subsidiary Nexen Energy ULC. With the change in the AER’s suspension decision, Nexen will be able to maintain approximately 75% of its Long

Haynes and Boone Interview at The Oil & Gas Conference 20

Interview with Haynes and Boone Partner Ricardo Garcia-Moreno

September 8, 2015

Ricardo Garcia-Moreno, partner with Haynes and Boone, speaks to Oil & Gas 360® at The Oil & Gas Conference® 20 in Denver about the recent reforms to the oil and gas industry in Mexico, and what it means for those doing business in the country. Garcia-Moreno outlines the positives of the most recent offshore auction, as well as what could be done

Interview with Preng & Associates President and CEO David Preng

September 8, 2015

David Preng, president and CEO of Preng & Associates, speaks to Oil & Gas 360® at The Oil & Gas Conference® 20 in Denver about hiring the right talent for the job. Preng says that there is a misconception that there is no hiring going on right now, but that management and board teams are actively searching for the right people

Gazprom Takes New Approach with Natural Gas Auction

September 8, 2015

Gazprom makes first steps towards spot market pricing with natural gas auction Russia’s state-owned gas giant Gazprom (ticker: OGZPY) announced that it will hold a natural gas auction in Europe as the company explores new ways to expand its market share. Traditionally, Gazprom’s gas contracts have been linked to oil prices, a formula the company has fought to maintain despite

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