Thursday Aug. 17 is the debut of EnerCom’s Oilfield Tech & Innovation Day at the Westin Hotel Downtown Denver. The morning will kick off at 8:00 a.m. with a Venture Capital Panel in which Saudi Aramco Energy Ventures, BP Ventures and Shell Technology Ventures Group will go through their unique approaches to finding and funding the next groundbreaking oilfield technologies.
EnerCom’s 2017 Conference Day Three Breakout Notes: Houston American Energy Corp. John Boylan, CEO of Houston American Energy Corp., (ticker: HUSA) presented today at EnerCom’s The Oil & Gas Conference® 22. Houston American Energy Corp. is a Houston-based oil and gas exploration and production company with properties in the U.S. onshore Gulf Coast Region in Texas and Louisiana. The company
EnerCom’s 2017 Conference Day Three Breakout Notes:U.S. Energy Corp. David A. Veltri, director, president, COO, and CEO of U.S. Energy Corp., (ticker: USEG) presented today at EnerCom’s The Oil & Gas Conference® 22. U.S. Energy Corp. is a Denver-based oil and gas company with several working interests with companies operating in the Bakken/Three-Forks area and in Louisiana and Texas. During
EnerCom’s 2017 Conference Day Three Breakout Notes: Incremental Oil and Gas John Whisler, managing director and president of Incremental Oil and Gas, (ticker: IOG) presented today at EnerCom’s The Oil & Gas Conference® 22. Incremental is an oil and gas operator with 100% working interest in three fields located in Wyoming and California. The company is also undergoing a joint venture
Projected 125% production growth through 2018 Day three at The Oil & Gas Conference® featured Penn Virginia (ticker: PVAC) President and CEO John Brooks, who discussed the company’s operations. As might be expected, Brooks’ presentation centered on Penn Virginia’s recent Eagle Ford acquisition from Devon Energy (ticker: DVN). At the end of July Penn Virginia paid Devon $205 million for
From Reuters Major oil producers pushed up high bids at a Gulf of Mexico offshore auction to $121 million on Wednesday, a nearly seven-fold increase from a year ago, as their return to deep water exploration gained momentum. This compared with $18 million in high bids at the Bureau of Ocean Energy Management’s (BOEM) Outer Continental Shelf auction last summer.
From Reuters U.S. shale oil companies are pulling back on the amount of sand they use to hydraulically fracture new wells, responding to rising prices of the material that are driving up costs. Investors worry a slowdown in sand use, combined with new mining capacity coming online, could lead to a glut of the material and bring down prices. The
From Bloomberg When OPEC and Russia first embarked on their strategy to clear a global oil glut, it was expected to succeed within six months. It now looks like the battle could last for years. The Organization of Petroleum Exporting Countries and its partners plan to wrap up their production cuts next spring, already nine months later than originally expected.
From Bloomberg Oil declined to the lowest level in more than three weeks as investors focused in on a rise in U.S. crude production, even as stockpiles slipped by the most since September. Futures fell for a third day, dropping 1.6 percent in New York. While crude inventories continued to decline, losing 8.95 million barrels last week, U.S. output gained
Flotek Industries Breakout Notes John Chisholm, president and CEO of Flotek Industries, Inc., (ticker: FTK) presented today at EnerCom’s The Oil & Gas Conference® 22. Flotek is a Houston-headquartered industrial service company with an oil and gas segment. The company’s main business is centered on oilfield chemicals and oilfield services. The company’s chemical segments are focused across the life of
Key Energy Services Breakout Notes David Brunnert, senior vice president and COO of Key Energy Services, Inc., (ticker: KEG) presented today at EnerCom’s The Oil & Gas Conference® 22. Key Energy Services is an oil and gas service company with a range of services and products. The company is focusing its operations in the United States, though it has historically—and
Sundance Energy Breakout Notes Eric McCrady, managing director and CEO of Sundance Energy AU Ltd., (ticker: SNDE) presented today at EnerCom’s The Oil & Gas Conference® 22. Sundance Energy, an Australia-based oil and gas producer, has its assets in the greater Anadarko basin and the Gulf Coast basin. The company is adding wells and building production in its Eagle Ford
