May 11, 2018 – Oil & Gas 360

Largest increase since February The growth in drilling activity in the U.S. accelerated this week, with the largest increase in 11 weeks according to Baker Hughes’ Weekly Rig Count. A net 13 new rigs came online this week, meaning there are 1,045 operational in the U.S. Ten of these rigs were land based, while one is drilling in inland waters

Jagged Peak Looks to 3D Seismic to Improve Drilling

May 11, 2018

Completions operations becoming increasingly efficient Jagged Peak (ticker: JAG) announced first quarter results today, showing a net loss of $39.4 million, or $(0.18) per common share. Jagged Peak has come a long way since going public in early 2017, with tremendous production growth over the last year. The company produced 27.6 MBOEPD in Q1 2018, an increase of 182% year-over-year

Africa Energy Reports First Quarter 2018 Results

May 11, 2018

Africa Energy Reports First Quarter 2018 Results

Energy XXI Gulf Coast Divests Non-Core Assets

May 11, 2018

Company will pay to eliminate significant P&A commitments Energy XXI Gulf Coast (ticker: EGC) announced a unique deal today, divesting much of the company’s non-core assets to privately held Orinoco Natural Resources. The properties eliminated are currently producing about 3 MBOPD and 9.5 MMcf/d, with 6.7 MMBOE of proved reserves. EGC will not receive any proceeds from the transaction, and

CPS Energy Invests In Drone Technology To Inspect Poles And Wires

May 11, 2018

CPS Energy Invests In Drone Technology To Inspect Poles And Wires

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