Delfin LNG and Golar will team up in the Gulf Delfin Midstream and Golar LNG (ticker: GLNG) signed a joint development agreement yesterday to develop the Delfin LNG project. Delfin LNG is a proposed project that would utilize floating liquefied natural gas vessels to export LNG, instead of land-based projects like Cheniere’s (ticker: LNG) Sabine Pass. If completed, Delfin will
U.S. independents reported combined 790 MMBBL decrease; Canada’s oil sands drug down the total Independent E&P companies saw liquids reserves decline again in 2016, as lower prices continued to squeeze producers. Oil prices in early 2016 dropped to the lowest levels in more than a decade. While OPEC’s output cut did improve the price environment late in the year, it
With producing acreage in the Midland basin and Maverick basin, SM Energy (ticker: SM) is zoning in on its most lucrative acreage. SM holds approximately 88,000 net acres in the Midland basin and another approximately 167,000 net acres in the Maverick basin. SM closed the sale of non-operated assets within the Eagle Ford for $800 million gross. Venado EF L.P.
Tamarack Valley Energy’s (ticker: TVE) prominent producing areas are the Cardium, Viking, and Penny Barons oil plays—located in Alberta and Saskatchewan. Tamarack Valley reported an average production of 17,796 BOEPD during Q1, 2017—nearly twice the average production for Q1, 2016, which was 9,582 BOEPD. Key acquisition of the Viking assets In January, 2017, Tamarack Valley finalized the acquisition of Spur
Permian pure-play Jagged Peak Energy (ticker: JAG) holds approximately 70,000 net acres in the prolific basin. Within its Permian acreage, Jagged Peak has identified 1,265 potential drilling locations and—as of September, 2016—estimates its proved reserves value at 32.7 MMBOE. The company itself launched its initial public offering in January, 2017 and, in its first quarter as a public company, it
Blackbird Energy Inc. (ticker: BBI) is pure-play focused on the Pipestone liquids-rich corridor of the Montney shale. The company holds a total of 120 gross, 103.9 net sections—equivalent to 76,800 gross, 66,496 net acres—in the Montney shale play, all of which are contiguous. Acquisitions Over the past several months, Blackbird has undertaken a number of acquisitions in order to increase
Mexico awards 10 shallow water GOM blocks in successful 2.1 bid round The National Hydrocarbon Commission of Mexico awarded 10 out of the 15 exploration blocks that were in its Round 2.1 lease auction this week. The awarded leases cover prospective oil and gas acreage in Mexico’s shallow waters in the Gulf of Mexico. According to Haynes and Boones’
Hilcorp Alaska top bidder in Cook Inlet federal lease sale with more than $3 million in high bids on 76,000 acres Cook Inlet Lease Sale 244 — the first lease sale held in Alaska’s federal waters since 2008 — garnered $3,034,815 in high bids yesterday for 14 tracts covering roughly 76,615 acres in Cook Inlet, off Southcentral Alaska. All bids
Stage Completions is a private oilfield service company specializing in the development and utilization of completions technologies to enhance production for its clients. Stage has striven to remain attuned to the often rapid changes and adaptations to completions techniques in the oil and gas industry. In order to realize superior capital efficiencies and higher overall productivity and EURs, E&Ps are
From the Canadian Press FORT MCMURRAY, Alta. — Nearly 50 years after the opening of Canada’s first major oilsands mine, the site on the banks of Alberta’s Athabasca River is an epicentre of energy, teeming with bustling workers amid signs of its pioneering past and cutting-edge future. One of the mine’s upgraders — opened in September 1967 — turns heavy,
From Energetic City CAMERON PARISH, L.A. — American LNG export company Cheniere Energy said Wednesday that it’s in talks with a number of Montney gas producers to secure supply deals for its Gulf Coast LNG facilities. According to an article by Upstream Online, Cheniere’s CCO Anatol Feygin did not disclose how many producers his company is speaking with. Feygin did
From Stratfor After months of speculation and palace intrigue, Saudi King Salman shook up the kingdom’s line of succession on June 21 by naming his powerful son, Mohammed bin Salman, crown prince and removing all titles from Mohammed bin Nayef, the former crown prince. This is the second time Salman has overhauled the line of succession and the Saudi government since taking the throne in
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