By Tyler Losier, Energy Reporter, Oil & Gas 360 Lonestar estimates production of 13,500 BOEPD for Q2 2019 Lonestar Resources (stock ticker: LONE), an independent E&P focused on the Eagle Ford Basin in Texas, released its estimated production rates for Q2 2019, registering results higher than the guidance for each commodity. More specifically, after the completion of the three months
By Tyler Losier, Energy Reporter, Oil & Gas 360 Penn Virginia CFO to step down Penn Virginia Corporation (stock ticker: PVAC), a pure-play independent E&P focused on Eagle Ford shale, has announced that Steven A. Hartman, current chief financial officer, senior vice president, and treasurer for the company will be stepping down in the near future. Source: Penn Virginia Corporation
By Tyler Losier, Energy Reporter, Oil & Gas 360 Archrock to purchase ~430,000 horsepower of compression from Elite Compression Services Houston-based Archrock, Inc. (stock ticker: AROC) has entered into a definitive agreement with Elite Compression Services, a JDH Capital-backed company, to purchase substantially all of Elite’s assets for $410 million, including approximately 430,000 horsepower of compression. Archrock will pay Elite
By Tyler Losier, Energy Reporter, Oil & Gas 360 Average test rate of 2,500 BOEPD for F #A1H and F #B1H sets company record Lonestar Resources (stock ticker: LONE), an independent Texas-based E&P focused on Eagle Ford shale, has announced the test results for its wells in La Salle county, Texas. Previously, in its Q1 2019 report, Lonestar had announced
From The Houston Chronicle Oil giant ConocoPhillips is gearing up for a large round of horizontal drilling on three leases in the Eagle Ford Shale of South Texas. The company’s subsidiary, Burlington Resources, is seeking permission from the Railroad Commission of Texas to drill 13 wells in oil-rich DeWitt and Karnes counties. ConocoPhillips plans to drill 10 horizontal wells divided
By Tyler Losier, Energy Reporter, Oil & Gas 360 Oilfield service consolidation rolls on C&J Energy Services (stock ticker: CJ) and Keane Group, Inc. (stock ticker: FRAC) have entered into a definitive agreement to combine in an all-stock merger of equals. Upon close, the merger will create a well completion and production services company with a presence in most active
By Tyler Losier, Energy Reporter, Oil & Gas 360 Initial capital commitments of $500 million TPG Sixth Street Partners, a global finance and investment business founded in 2009, announced a new partnership today with the Houston-based private oil and gas company Glendale Energy Ventures. The two companies plan to directly invest in the development and acquisition of upstream oil and
From the Houston Chronicle The U.S. Geological Survey has confirmed that four low-magnitude earthquakes have taken place over the past two weeks in the Eagle Ford Shale of South Texas. The U.S. Geological Survey has confirmed that four low-magnitude earthquakes have taken place over the past two weeks in the Eagle Ford Shale of South Texas. USGS officials confirmed a
Ensign Natural Resources Announces Acquisition of Eagle Ford Acreage from Pioneer Natural Resources
Sale ends Murphy’s 20-year Malaysian history By Richard Rostad, analyst, Oil & Gas 360 Murphy Oil (ticker: MUR) announced a major divestiture today, selling the company’s Malaysian assets to focus on its Eagle Ford development. Murphy will sell its entire Malaysian portfolio, consisting of three offshore fields in the eastern portion of the country. These assets produced 48 MBOEPD in
Nuevo Midstream Dos, LLC Agrees to Purchase Republic Midstream, LLC
Enterprise Products Partners’ SPOT crude oil export project, offshore Texas, officially kicks off permitting phase, targets 2020 for exports By Bevo Beaven, Editor, Oil & Gas 360 The United States Maritime Administration (MARAD) and the United States Coast Guard (USCG) announced on Monday that the agencies received an application from SPOT Terminal Services LLC (SPOT) for federal authorizations required for
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