Tuesday, January 7, 2025

More Marcellus Takeaway Inches Closer: FERC Releases Mountain Valley Pipeline EIS

Mountain Valley will transport gas from Marcellus to Virginia The Federal Energy Regulatory Commission released its final environmental impact statement for the Mountain Valley pipeline project today. The Mountain Valley pipeline project is a 300 mile natural gas pipeline that will transport gas from the heart of the Marcellus in Northern West Virginia to Southern Virginia. MVP estimates the pipeline

Eleven More Rigs Add Up to 23 Weeks of Increasing Activity

More rigs in 31 of 32 past weeks Rigs active in the U.S. have stretched their inexorable climb into the 23rd week, according to Baker Hughes’ Rotary Rig Count. In total, eight rigs came online in the U.S. over the past week, bringing the total number of active rigs in the U.S. to 941. In the past 32 weeks, the

Evolution Petroleum: Industry-Leading Positive Free Cash Flow

Evolution Petroleum Corp. (ticker: EPM) has built its foundation asset in the Delhi field in NE Louisiana. Delhi is a unique, producing asset that delivers positive free cash flow—consistently. The field is currently under CO2-EOR development. The company’s reserves report indicates that Evolution has approximately 10.8 MMBOE in total proved reserves as of June 30th, 2016. The Delhi field production

Unit Corporation: Drilling Granite Wash, Hoxbar and Wilcox; All 9 Boss Rigs in the Field

Unit Corporation (ticker: UNT) attacks its oil and gas business via three distinct subsidiaries: Unit Drilling Company, Unit Petroleum Company, and Superior Pipeline Company. Unit Petroleum Company Unit Petroleum Company is active in four basins, the Mississippian, the Hoxbar, the Granite Wash, and the Wilcox. In Q1, 2017, the company averaged 42,000 BOEPD and expects that average production will grow

Mexico’s CNH to International Frontier Resources: You are Cleared for Takeoff

IFR scores approval for Tecolutla evaluation plan; next step–drilling permits Clagary-based International Frontier Resources (ticker: IFR) announced Friday that the company received approval from the National Hydrocarbons Commission (CNH) for its evaluation plan of Block 24 Tecolutla. IFR’s joint venture Tonalli Energia acquired Tecolutla in Round 1.3 of the Mexican energy reform process. The evaluation plan outlines the scheduled work

France to Stop Issuing Permits for Oil and Gas Exploration: Environment Minister

From The Local France will stop granting new licences for oil and gas exploration on the mainland and in overseas territories, Environment Minister Nicolas Hulot said Friday. “There will be no new exploration licences for hydrocarbons, we will pass the law this autumn,” Hulot said on BFMTV. President Emmanuel Macron said during his election campaign in February that he was

Brits Discover Oil

From West Sussex County Times Oil found at Broadford Bridge drilling site Exploratory oil drilling at Broadford Bridge near Adversane has uncovered oil in the Kimmeridge limestone. Samples showing ‘mobile light oil’ were announced today, with chairman UK Oil and Gas Stephen Sanderson calling the finds a ‘significant and positive result’. The Broadford Bridge drilling site Protesters have been campaigning

Martinez v. COGCC: Colorado AG Candidates Critical of Oil & Gas Appeal

From the Colorado Springs Gazette Democratic candidates for Colorado attorney general this week tore into Republican incumbent Cynthia Coffman’s month-old decision to appeal a court ruling critics say could bring a halt to oil and gas production in the state, with two of the Democrats vowing to scrap the appeal if elected, and one of them lashing his primary opponents

Essar Oil’s Creditors Approve $12.9 billion Rosneft Takeover: Sources

From Reuters Creditor banks to India’s Essar Oil approved the acquisition of the company by a group including Russia’s Rosneft, two sources familiar with the matter said, removing a key hurdle to the $12.9 billion deal that has been in the works for two years. The news comes a day after Igor Sechin, CEO of the Russian oil and gas

EnerCom Announces the Debut of Oilfield Tech & Innovation Day – Aug. 17, 2017

The Oil & Gas Conference® Oilfield Tech & Innovation Day brings technology innovators and sources of capital, potential customers together For this year’s The Oil  & Gas Conference®, the final day of the conference will bring on some new energy. On Thursday August 17, 2017, immediately following the oil and gas company financial presentations, EnerCom will debut its Oilfield Tech &