Friday, January 17, 2025

Denver’s Hein & Associates to Merge with Seattle’s Moss Adams

Combination will create $600 million middle-market accounting/tax/audit leader in the western U.S. with strong oil & gas practice group Moss Adams LLP, one of the largest accounting, consulting and wealth management firms in the nation, and Hein & Associates LLP, a top 100 and one of the leading oil and gas accounting firms, have signed a letter of intent to

Energy XXI Gulf Coast Appoints T.J. Thom as Chief Financial Officer

Energy XXI (ticker: EXXI) announced the appointment of Tiffany J. Thom as CFO today, replacing Hugh Menown. Ms. Thom has more than 20 years of financial and operational experience in the energy industry, primarily offshore Gulf of Mexico operations.  Most recently, Ms. Thom served as the Chief Financial Officer of KLR Energy Acquisition Corp. from January 2015 until April 2017,

Oil and Gas Companies Prepare for Hurricane Harvey

From Reuters Exxon Mobil Exxon Mobil said on Thursday that it evacuated staff and shut its Galveston 209 platform and was also shutting in its Hadrian South subsea production system in the U.S. Gulf of Mexico ahead of Hurricane Harvey. Roughly 9.5 percent of oil production in the Gulf of Mexico has been shut in, equating to around 167,200 barrels

OPEC, non-OPEC panel says all options open to ensure market rebalance

From Reuters A joint OPEC, non-OPEC monitoring ministerial committee said on Thursday it was confident the oil market was moving in the right direction but that all options, including an extension to the supply-cut pact beyond March, were open to ensure market stability. “Oil commercial stocks fell in July and the latest five-year average has been reduced from the beginning

Crude oil production at Mexico’s Pemex hits 22-year low

From Reuters Monthly crude production from Mexican national oil company Pemex fell below 2 million barrels per day in July for the first time in more than two decades, according to company data released on Wednesday. Average crude output in July was 1.99 million bpd. The monthly average was the lowest level of crude production for Pemex, officially known as

Weekly Oil Storage: Draw Continues

The EIA released its weekly Petroleum Status Report yesterday, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 3,327 MBBL last week to 463,165 MBBL, down from 466,492 MBBL last week. This is 6% below the 492,962 MBBL that was in storage at this point last year, but remains 21%

Weekly Gas Storage: Up Slightly

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week. In total, the EIA reports natural gas stocks increased by 43 Bcf last week, rising from 3,082 Bcf to 3,125 Bcf. This is well below the 3,348 Bcf that was in storage at this point last year, and

Hurricane Harvey Precautions: 14.7% of GOM NatGas Production is Shut-In – BSEE

472 MMcf/day shut-in as of 8/24/17; personnel evacuated from 39 production platforms in the Gulf as Harvey approaches The Bureau of Safety and Environmental Enforcement (BSEE) reported that offshore oil and gas operators in the Gulf of Mexico are evacuating platforms and rigs in preparation for Hurricane Harvey. The Bureau of Safety and Environmental Enforcement (BSEE) Hurricane Response Team is