Friday, January 10, 2025

Callon Petroleum Boosts Type Curves, Spells Out 2016 Permian Program

Year-End 2015 Proved Reserves Increase by 65% In an operational update on February 1, 2016, Callon Petroleum (ticker: CPE, callon.com) maintained its goal for cash flow neutrality by mid-2016 while announcing advancements in both production and its reserve base. For fiscal 2016, Callon expects average production of 11,500 to 12,000 BOEPD, representing a midpoint year-over-year increase of 23%, based on

DCP Midstream Announces Early Progress on 2016 Strategic Objectives

Today, DCP Midstream announced the successful execution of several significant objectives which extend the company’s leadership positions in the DJ and Permian basins and add incremental fee-based margins to DCP Midstream and DCP Midstream Partners (DPM). First, the DCP Midstream enterprise has reached a settlement with a large producer in the DJ basin. With this settlement DCP Midstream is receiving

Dominion Resources, Questar Corporation to Combine in $4.4 Billion Deal

Premium addition to Dominion’s existing portfolio of high-performing, regulated energy infrastructure assets Transaction would be earnings accretive and supportive of Dominion’s credit ratings targets Adds to Dominion’s inventory of top-quality, low-risk assets available for Dominion Midstream Transaction to benefit Questar customers as focus remains on safe, efficient, reliable operations Combined company would serve about 4.8 million electric & gas customer

Nigeria Seeks $3.5 Billion in International Loans to Fill Holes from Drop in Oil Revenue

OPEC member Nigeria looking to fund power, transport and road infrastructure projects with cheap money Nigeria, an OPEC member and Africa’s largest economy, is looking to international institutions in order to fund its record-setting 2016 budget. With approximately 35% of GDP, 75% of government revenue and 90% of export earnings coming from oil, the continued low price of crude oil

Emerald Oil Continues to Make Progress to Cure Its Borrowing Base Deficiency

Emerald Oil, Inc. (the “Company”) (NYSE MKT: EOX) today announced that it is continuing to negotiate with the lending group associated with its revolving credit facility to cure the outstanding borrowing base deficiency. On January 14, 2016, the Company made a presentation to the lending group regarding a possible cure to the borrowing base deficiency, and the Company expects to receive a response