Eagle Ford – Page 16 – Oil & Gas 360

Sanchez Energy Reports Q4'11 and Year-End 2011 Results; Company's Eagle Ford Largest Acreage Position Among Peer Group

March 30, 2012

Sanchez Energy Corporation (NYSE: SN) is a fast growing independent oil and gas company focused on the liquids rich Eagle Ford formation in South Texas. Assuming 120-acre spacing, Sanchez has approximately 750 economic drilling locations on its 92,000 net acreage position in the Eagle Ford. This is among the larger positions, if not the largest, among similarly-sized companies. The company

U.S. Energy Starts 2012 with a Bakken Bang; Two Bakken Wells Record IP Rates of 2,208 BOEPD and 2,437 BOEPD; Commitment and Borrowing Base Increased by BNP Paribas

March 29, 2012

U.S. Energy Corp. (ticker:USEG) is a natural resource exploration and development company with a primary focus on the exploration and development of its oil and gas assets in the Williston Basin and Eagle Ford play. A recent announcement out of its Williston Basin drilling partnership with Zavanna, LLC, USEG reported early 24-hour IP rates on the Wang 10-3 #1H well

Magnum Hunter Reports Q4'11 and Year-End Results; Company Expects to Exit 2012 in Excess of 16,000 BOEPD

February 29, 2012

Magnum Hunter Resources (NYSE: MHR) announced operational and financial results for Q4’11 and fiscal year end 2011. MHR reported a Q4’11 net loss of $60.9 million or a loss of $0.46 per share, compared to a net loss of $1.9 million, or a loss of $0.03 per share during Q4’10. Revenues for the quarter totaled $49.1 million, an increase of

Magnum Hunter Presents at EnerCom's The Oil & Services Conference™ 10

February 22, 2012

Gary Evans, CEO of Magnum Hunter Resources Corporation (NYSE: MHR), presented today at EnerCom’s The Oil & Services Conference™ 10. Magnum Hunter Resources Corporation and subsidiaries are a Houston, Texas based independent exploration and production company engaged in the acquisition, development and production of crude, natural gas and natural gas liquids, primarily in the states of West Virginia, Kentucky, Ohio,

Sanchez Energy Corporation Presents at EnerCom's The Oil & Services Conference™ 10

February 21, 2012

Mike Long, Chief Financial Officer and Patrick Talamas, Senior Vice President, Geoscience, of Sanchez Energy (NYSE: SN) presented today at EnerCom’s The Oil & Services Conference™ 10. Sanchez Energy Corporation is a high growth, publicly traded oil and gas producer pursuing significant low-risk drilling opportunities in the Eagle Ford Shale trend of South Texas. The majority of the company’s leases

Sanchez Energy Guides for Production to Increase 233%; $145 Million Capital Expenditure Budget

February 16, 2012

On February 14, 2012, Sanchez Energy Corp. (NYSE: SN) disclosed its 2012 capital expenditure budget and drill plan as well as operating guidance for fiscal year 2012. SN plans to spend approximately $135 million (midpoint of CAPEX guidance) drilling 23 gross (16.5 net) wells in the volatile and black oil windows of the Eagle Ford in South Texas. The company

U.S. Energy Sells 75% of its Undeveloped Acreage in its Zavanna Drilling Program; Continues its Shift to the Eagle Ford

January 26, 2012

On January 26, 2012, U.S. Energy Corp. (NASDAQ: USEG) announced that it completed the sale of an undivided 75% of its undeveloped leasehold in McKenzie County, North Dakota to GeoResources, Inc. (NASDAQ: GEOI) and Yuma Exploration and Production Company, Inc. (private company) for $16.7 million. The sale concerns two of USEG’s prospects in the Bakken shale, Yellowstone and SE HR

Sanchez Energy Drilling Ahead in the Eagle Ford

January 25, 2012

Sanchez Energy Corp. (NYSE: SN) is a pure-play Eagle Ford exploration and production company with 91,000 net acres in the oil and volatile windows of the Eagle Ford shale play. SN’s 2011 year-end reserve report prepared by Ryder Scott showed it increased its proved reserves 118% to 6.7 MMBOE, up from 3.1 MMBOE during 2011. The report also identified 9.2

Sanchez Energy Exits 2011 Producing at 1,350 BOEPD Net; Increased Proved Reserves 118% Year-Over-Year

January 17, 2012

Sanchez Energy Corp. (NYSE: SN) disclosed its production and operational highlights for fiscal year 2011. SN exited 2011 producing nine wells (seven in the Eagle Ford) at 1,350 BOEPD net (80% oil) with two additional Eagle Ford wells awaiting completion. Click here for the news release. Below are results from two wells the company recently completed and highlighted as part

U.S. Energy Announces $48.1 Million 2012 CapEx Budget; Sells Undeveloped Bakken Acreage

December 21, 2011

On December 20, 2011 U.S. Energy Corp. (NASDAQ: USEG) announced a 2012 capital expenditure budget of $48.1 million and the sale of undeveloped Bakken acreage. The company will spend approximately $24.9 million (52%) of this budget drilling its Leona River and Booth-Tortuga prospects in the Eagle Ford shale of South Texas. Crimson Exploration (NASDAQ: CXPO) is the operator of both

Penn Virginia Sells $30.5MM of Natural Gas Assets; Keeps Getting Oilier

August 1, 2011

Penn Virginia Corporation (NYSE: PVA) announced on July 29, 2011, that it entered into an agreement to divest a substantial portion of its Arkoma Basin assets, as well as certain Mid-Continent assets to Unit Corporation (NYSE: UNT) for $30.5 million in cash. This sale is expected to close by the end of August 2011. The asset mix being sold is

Notes from the Road: Penn Virginia Corporation (NYSE: PVA)

June 20, 2011

EnerCom traveled with Penn Virginia Corporation (NYSE: PVA) in London on June 14 and 15, prior to presenting at EnerCom’s London Oil & Gas Conference™ 3 (www.enercomlogc.com). We’ve compiled below some of the questions and issues posed by institutional investors during meetings in London: Your Eagle Ford acreage appears to be in proximity to other good wells in the play,

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