Atlas Energy Group Announces Amendment To Credit Facility And Filing Of 2015 Annual Report
March 30, 2016
Atlas Energy Group Announces Amendment To Credit Facility And Filing Of 2015 Annual Report
Economic Boost from Oil Not Expected While Interest Rates Remain Low
March 30, 2016
Low interest rates mitigating the benefits of low oil prices – IMF When oil prices began to crater, it was hoped that demand would grow, giving economies a proverbial shot in the arm. Unfortunately, economic growth has remained sluggish, and has even cooled off in major demand centers like China. “The widely anticipated ‘shot in the arm’ for the global
Petroquest Bumps Q1 Production Guidance by 12%
March 30, 2016
Petroquest Energy announced on March 28, 2016, the company has increased its production guidance for the first quarter of 2016 to approximately 81-82 MMcfe per day. This is approximately a 12% increase on the low end of the guidance from the initial projections of 72-76 MMcfe per day. The midpoint of the guidance would also indicate a 12% increase in
Alcoa to Sell Stake in Australian Natural Gas Pipeline to Duet Group
March 30, 2016
Alcoa to Sell Stake in Australian Natural Gas Pipeline to Duet Group
Virginia Hills Oil Corp. Announces 2015 Fourth Quarter and Year End Results
March 30, 2016
Virginia Hills Oil Corp. Announces 2015 Fourth Quarter and Year End Results
Harvest Pipeline Company Announces Extension of Binding Open Season for Point Comfort Pipeline Project
March 30, 2016
Harvest Pipeline Company Announces Extension of Binding Open Season for Point Comfort Pipeline Project
Significant Declines in Well Completion Costs: EIA
March 30, 2016
Upstream Costs in 2015 were 25% to 30% Below 2012 levels Hydraulic fracturing has taken center stage in the U.S. as the preferred method of drilling with 77% of onshore rigs operating horizontally according to rig counts. As wells have gone through the learning curve of horizontal drilling, and lateral lengths of the wells have increased, the completion cost associated
Jura Announces Release of Annual Filings and Operational Update
March 30, 2016
Jura Announces Release of Annual Filings and Operational Update
Shale Is the Odd Man Out in Oil Reckoning
March 30, 2016
From Wall Street Journal The world oil market is starting to resemble the old slapstick gag about the French Foreign Legion. The sergeant needs a volunteer to take a step forward for a dangerous mission. Instead, all the assembled soldiers, except one, take a step back, volunteering him. The sucker this time seems to be U.S. shale. While Russia and
Sandridge Eyes Bankruptcy or Restructuring
March 30, 2016
From Reuters SandRidge Energy Inc confirmed on Wednesday it has hired advisers to evaluate options including a bankruptcy filing, in what could be the most high-profile reorganization yet in U.S. shale oil industry. The company, battered by a 60 percent slide in oil prices since mid-2014, said in a regulatory filing there was substantial doubt about its financial viability. The
Saudi Aramco Expanding Oil and Gas Projects Even With Low Prices
March 30, 2016
From Bloomberg Saudi Arabian Oil Co. is pressing ahead with an expansion of the Khurais oil field despite lower crude prices and plans to double its production of natural gas over the next 10 years, the company’s chief executive officer said. The world’s biggest oil exporter, known as Saudi Aramco, won’t cancel any oil, gas or refining projects, Amin Nasser
Oil Closes Near $38 After Dollar Loss Eases, U.S. Supply Rises
March 30, 2016
From Bloomberg Oil closed near $38 a barrel in New York as the dollar’s loss eased, reducing the appeal of crude as a store of value. Futures retreated from the day’s highs along with the Standard & Poor’s 500 Index. A stronger dollar curbs investor demand for commodities. Prices surged as much as 4.1 percent after a government report showed
