Lonestar Boosts Proved Reserves to Over 100 Million BOE
February 20, 2020
Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, “Lonestar,” “our” or the “Company”) announced that its proved reserves increased to a record 100.6 million barrels of oil equivalent (“MMBOE”) at December 31, 2019 calculated using SEC guidelines. All of the Company’s proved reserves are located in the Eagle Ford Shale.
Thousands of acres sealed off following blowout at Eagle Ford Shale well
November 6, 2019
Source: Houston Chronicle Thousands of acres of land remain sealed off days after a blowout at a natural gas well located belonging to Devon Energy between the Eagle Ford Shale towns of Yorktown and Nordheim. The accident happened at a Devon Energy natural gas well near Cotton Patch Road and FM 952 in DeWitt County early Friday morning. No injuries
President and CEO of Panhandle Oil and Gas Resigns
August 27, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Paul F. Blanchard Jr. steps down as president, CEO and director of Panhandle Oil and Gas Panhandle Oil and Gas (stock ticker: PHX), a mineral and leasehold acreage-focused capital allocator, has announced that Paul F Blanchard Jr., the company’s president, chief operating officer and a member of its board of directors,
Equinor Site Remains Shut In Following Drilling Rig Fire in Karnes County
August 26, 2019
From The Houston Chronicle A natural gas well belonging to the Norwegian oil giant Equinor remains shut in following a weekend fire at one of its drilling sites in Karnes County. The fire happened at Equinor’s Neller-Runge 1-Runge 2 lease off FM 885 a few miles south of Runge around 3:45 a.m. Saturday, the Karnes County Sheriff’s Office reported. Crews
Ronald Mills Appointed VP of Finance and Investor Relations at Comstock Resources
August 22, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Comstock Resources appoints Johnson & Rice alum Ronald Mills as its new VP of finance and investor relations Comstock Resources Inc. (stock ticker: CRK), an independent E&P based out of Frisco, Texas, has appointed Ronald Mills as its vice president of finance and investor relations. Mills joins the company in the
Kayne Anderson Makes $100 Million Upstream Investment
August 20, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Kayne Anderson Energy Fund VIII invests $100 million in newly-formed Indianola Energy Kayne Anderson Capital Advisors LP, through its Kayne Anderson Energy Fund VIII LP, has made a $100 million equity commitment in order to form Indianola Energy LLC, an upstream entity that will purse the acquisition and development of highly-proven
Caliber Midstream Makes North Dakota Acquisition
August 6, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Caliber Midstream acquires North Dakota assets from American Midstream Partners Caliber Midstream Holdings L.P., headquartered in Denver, Colorado, has acquired crude oil gathering and transportation assets in McKenzie county, North Dakota from American Midstream Partners L.P. The acquired assets include a FERC-regulated system comprised of 47 miles worth of pipeline and
ConocoPhillips Profit Misses on Lower Crude Prices, Higher Spending
July 30, 2019
From Reuters ConocoPhillips (COP.N) missed Wall Street estimates for quarterly profit on Tuesday as it spent more than expected and took a hit from lower crude prices due to fears of a slowing global economy. The OPEC and Russia have put a lid on production, but that has not translated into higher prices due to surging shale oil output from
Sundance Energy Divests ~$30 Million Worth of Texas Assets
July 18, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Sundance Energy sells Dimmit county assets for $29.5 Million Sundance Energy Australia Limited (stock ticker: SNDE), along with its wholly-owned Denver-based subsidiary Sundance Energy Inc., has entered into a definitive agreement with an unnamed company to sell its Dimmit county, Texas assets for a purchase price of $29.5 million. The assets
Upstream Oil Merger: Callon Acquires Carrizo in $3.2 Billion Texas Combo
July 15, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Callon adds oil-weighted assets in the Permian and Eagle Ford through all-stock transaction Callon Petroleum Company (stock ticker: CPE), an independent E&P focused on unconventional assets in the Permian, has struck a deal with Houston-based Carrizo Oil & Gas (stock ticker: CRZO) to acquire the company in an all-stock transaction worth
Seasonal Demand Patterns Give Argentinian LNG a Unique Opportunity
July 12, 2019
By Tyler Losier, Energy Reporter, Oil & Gas 360 Vaca Muerta production growth leads to LNG exports In the past few years, Argentina’s natural gas production has been steadily rising, mainly due to an increased focus on the Vaca Mueta shale and tight gas play, located in the Neuquén Basin. Currently, production from the Vaca Muerta accounts for 23% of
