Drilling but not completing wells–why is it done? The uncertainty of the last year and a half surrounding the oil and gas industry has given rise to a multitude of different rationales about industry practices. Rig counts have been dissected, production levels followed, and any data point that could possibly be related to oil and gas has been factored in. Big
Low oil prices cost OPEC $349 billion A report from the EIA showed OPEC’s revenues fell by nearly half from 2014 to 2015 as the group pursued a strategy of defending market share over oil prices. The EIA estimates that the members of OPEC earned about $404 billion in net oil export revenues last year, down $349 billion from 2014’s
Total U.S. electricity sales expected to grow 0.7% annually through 2040 Electricity sales are expected to continue growing in the U.S. through 2040 even as consumers use energy more efficiently, the EIA reported. In 2015, 3.7 trillion kilowatthours (kWh) of electricity was sold, and the administration expects that number to rise 0.7% annually through the end of its Annual Energy
21st EnerCom Conference Comes to Denver – August 14-18, 2016 EnerCom, Inc. will host The Oil & Gas Conference® 21 on August 14-18, 2016, in Denver at the Westin Denver Downtown. Investment and oil and gas professionals can register for the event and find the preliminary list of presenters on the conference website. Conference Details: The Oil & Gas Conference® 21 offers
U.S. Shale Gas Needs More Pipelines to Move the Gas to Market, but Anti-Fossil Fuel Groups are Out to Stop Pipelines In the past ten years, the shale revolution has changed the U.S. energy landscape. The economic extraction of oil and gas from shale deposits has opened new oil and natural gas supplies in North America, presented new opportunities for
CALGARY, ALBERTA–(Marketwired – June 15, 2016) – Strategic Oil & Gas Ltd. (“Strategic”, or the “Company”) (TSX VENTURE:SOG) announces its second half 2016 drilling program and capital spending budget. This drilling program marks the beginning of pad development activity along the drilling corridor at west Marlowe, following the Company’s successful delineation drilling program during first quarter of 2016. BUDGET Strategic’s
From the San Francisco Business Times At the Bloomberg Technology Conference Tuesday, Marc Andreessen shrugged off talk of a Silicon Valley downturn, stressing that “good companies are getting funded, good products are doing very well, and markets are much bigger than they used to be.” But as for those companies’ exit prospects, the Andreesen Horowitz founder corroborated expectations that the
From Canadian Business PORTLAND, Ore. – Portland and Multnomah County leaders on Tuesday urged the governors of Oregon and Washington to push Congress for a permanent ban on oil-by-rail in the wake of a fiery train derailment along the Columbia River. The June 3 derailment in the town of Mosier showed transporting oil by train is dangerous and unnecessary and
DENVER, CO–(Marketwired – June 14, 2016) – Synergy Resources Corporation (“Synergy” or the “Company”) (NYSE MKT: SYRG) today announced that it has closed its previously announced Greeley Crescent Acquisition, that its borrowing base has been reaffirmed, and that the Company has appointed Deloitte & Touche LLP (“Deloitte”) as its new independent auditor. Wattenberg Field Transactions The Company today announced the
CALGARY, ALBERTA–(Marketwired – June 15, 2016) – Cardinal Energy Ltd. (“Cardinal” or the “Company”) (TSX:CJ) is pleased to announce that it has closed its previously announced public offering of 7,150,000 common shares through a syndicate of underwriters led by CIBC Capital Markets, and including FirstEnergy Capital Corp., RBC Capital Markets, National Bank Financial Inc., Scotiabank, GMP Securities L.P., BMO Capital
HAMILTON, BERMUDA–(Marketwired – June 15, 2016) – Teekay Offshore Partners L.P. (Teekay Offshore or the Partnership) (NYSE:TOO) announces that the Partnership has received formal approvals from bondholders to extend to late-2018 the majority of the principal maturity payments for two of the Partnership’s existing Norwegian Kroner senior unsecured bonds, previously maturing in January 2017 and January 2018, subject to completion
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