Samson Oil & Gas Agrees to Acquire Williston Basin Properties
January 5, 2016
Samson Oil & Gas Agrees to Acquire Williston Basin Properties
Natural Gas Prices Close on Most Difficult Year Since 1999
January 5, 2016
Don’t Expect a Rebound: Warm Winter Expected to Keep Prices in Check Henry Hub prices in 2015 averaged $2.61/MMBtu, marking the lowest level of the millennium to date and are roughly 70% below the average price level in 2008, according to data from the Energy Information Administration (EIA). Prices dipped below $2.00/MMBtu for the first time in three years near
Alaska Looks to Plug the Fiscal Dam as Oil Prices Remain Low
January 5, 2016
“This is a major paradigm shift in how the State of Alaska conducts business” – Governor Walker Lower commodity prices have taken a major toll on states like Alaska that depend in large part on the revenue from selling oil and gas to fund the state budget. Because of the drop in oil prices since 2014, Alaska Governor Bill Walker
Oklahoma Orders Lower Volumes in Injection Wells due to Earthquakes
January 5, 2016
From the Associated Press OKLAHOMA CITY (AP) — The state commission that regulates Oklahoma’s oil and natural gas industry ordered some injection well operators to reduce wastewater disposal volumes on Monday after at least a dozen earthquakes hit an area north of Oklahoma City in less than a week. The Oklahoma Corporation Commission said it was implementing a plan that
Statoil Awards $3.92 Billion in Offshore Work
January 5, 2016
Statoil renews long-term contracts worth $1.23 billion Norwegian Statoil (ticker: STO) announced today that the company has renewed long-term contracts with an estimated value of NOK11 billion ($1.23 billion). The contracts are with Beerenberg Corp As and Prezioso Linjebygg AS, and cover insulation, scaffolding and surface treatment services, according to a press release from Statoil. The two companies will service
No Change in Oil Exports Expected in the Coming Months from the World’s Largest Producers
January 5, 2016
PRIX Index predicts little change in the exports of the world’s 20 largest exporters due to politics Oil exports are expected to remain static in the world’s 20 largest exporters according to the latest release of the PRIX global index. The PRIX index forecasts political developments that can affect oil exports from the world’s 20 largest exports based on a
Energy Market Upside: Range Resources Exploiting America’s Largest Shale Gas Play
January 5, 2016
Increasing takeaway capacity, reduced debt, creating profit from byproducts, 20% growth rate As the oil and gas industry dives into 2016, energy executives and investors alike are hoping the new year can distance itself from the bull market of 2015. Despite the 14 (going on 15) month commodity price downturn, some companies have positioned themselves for capturing the inevitable rebound
Cabot Oil & Gas Corporation Declares Dividend
January 5, 2016
Cabot Oil & Gas Corporation Declares Dividend
Pioneer Natural Resources Company Announces Public Offering of Common Stock
January 5, 2016
Pioneer Natural Resources Company (PXD) (“Pioneer” or the “Company”) today announced that it is commencing a public offering of 10.5 million shares of its common stock. BofA Merrill Lynch, Citigroup, Credit Suisse and J.P. Morgan are acting as joint book-running managers on the offering. The Company also expects to grant the underwriters an option for 30 days to purchase up
Deepwater LNG Import Project Victim of U.S. Gas Production
January 5, 2016
From the Bradenton Herald PORT MANATEE — A liquid natural gas pipeline project that could have brought more than $30 million in cash and assets to Port Manatee has burned out in a market awash with homegrown natural gas. Port Dolphin Energy, a subsidiary of Norwegian natural gas company Hoegh LNG, notified the Federal Energy Regulatory Commission that it was vacating
Pioneer Natural Resources Company Provides 2015 Operational Update and Preliminary 2016 Capital Program
January 5, 2016
Pioneer Natural Resources Company (PXD) (“Pioneer” or the “Company”) today provided an operational update for 2015, including increasing fourth quarter 2015 and full-year 2015 production guidance, and provided preliminary 2016 capital spending and production guidance. Fourth Quarter 2015 and Full-Year 2015 Operational Update Pioneer expects fourth quarter 2015 production to be between 213 thousand barrels equivalent per day (MBOEPD) to
Vermilion Energy Inc. Announces 2016 Budget
January 5, 2016
Vermilion Energy Inc. (“Vermilion”, “We”, “Us”, or “Our”) (TSX, NYSE: VET) is pleased to announce that our Board of Directors has approved an exploration and development (“E&D”) capital budget for 2016 of $285 million. Highlights Budgeted E&D investment of $285 million for 2016 represents a 41% decrease from 2015 forecasted E&D investment of $485 million, and a 59% decrease from
