Inc. – Oil & Gas 360

Netherland, Sewell & Associates, Inc. announces Executive Chairmen retirements

January 9, 2024

Oil and Gas 360 NSAI has announced the retirement of their Executive Chairmen – Danny D. Simmons and C.H. (Scott) Rees III, effective early 2024. DALLAS, TEXAS, USA, January 9, 2024 /EINPresswire.com/ — Netherland, Sewell & Associates, Inc. (NSAI), the global leader in oil and gas reserves reporting, today announced that their Executive Chairmen, Danny D. Simmons and C.H. (Scott)

Clean tech selling more stock than ever amid Biden climate push

January 28, 2021

msn.com Publisher’s Note: EnerCom and Colorado School of Mines, present The Energy Venture Investment Summit on Wednesday, February 10th – Thursday, February 11th, 2021. The featured presenters include companies within the air quality and methane monitoring, renewable natural gas, carbon capture, advanced instruments, geothermal, solar, innovative water management, drilling waste recycling, AI document analytics and utility-scale ocean wave power industry segments.

Permian - Delaware Basin Action Virtually Nonstop Since Oct. 1

SandRidge Rejects Midstates’ Proposal

March 20, 2018

SandRidge Energy, Inc. (ticker: SD) said that its board of directors, after careful consideration and a detailed technical and financial review, has rejected Midstates Petroleum Company, Inc.’s (ticker: MPO) unsolicited public offer to combine the two companies in a stock-for-stock merger at a 60%/40% exchange ratio. After extensive analysis, SandRidge has concluded that the relative asset values of the two

Blackbird Energy Updates Wells, Ups Credit Facility to $20 Million

March 13, 2018

Blackbird Energy Inc. (ticker: BBI) has released test results from its 3-27-71-7W6 Upper Montney delineation well. The well flowed at an average estimated sales rate of 1,188 BOEPD (53% liquids, liquids/gas ratio of 190 Bbls/MMcf) over the final 48-hours of a 12-day production test. The 3-27-71-7W6 Upper Montney delineation well was drilled to a total depth of 4,604-meters with a

PetroQuest Energy Cuts Loss to $0.02 for Q4

March 6, 2018

PetroQuest Energy, Inc. (ticker: PQ) reported a net loss to common stockholders for Q4 2017 of $389,000, or $(0.02 per) share. This compares to Q4 2016 net loss to common stockholders of $9,659,000, or $(0.46) per share. For 2017, the company reported a net loss to common stockholders of $11,776,000, or $(0.55) per share, compared to net loss to common

Oasis Petroleum Doubles Down in the Williston Basin

February 28, 2018

Oasis Petroleum Inc. (ticker: OAS) reported net income attributable to Oasis of $124.6 million in the fourth quarter of 2017. Fourth quarter 2017 results included a benefit of $171.9 million due to the recently enacted Tax Cuts and Jobs Act. For the full year of 2017, Oasis reported net income attributable to Oasis of $123.8 million. The company produced 73,207

Jagged Peak CEO Joseph Jaggers to Retire in Late March

February 27, 2018

Jagged Peak Energy Inc. (ticker: JAG) Chairman, President and CEO Joseph N. Jaggers said that he plans to retire at the end of March 2018 for health and personal reasons. Following an orderly transition, current independent director James J. Kleckner will become the company’s president and CEO. Also, as part of the succession plan, current company director Charles D. Davidson,

LINN Energy Debt Free, Outlines Plan to Split into Three Companies

February 27, 2018

LINN Energy, Inc. (ticker: LNGG) reported its 2017 results today and provided details on its announced split into three entities. “Through our successful divestiture program of almost $2.0 billion, we have extinguished all our debt, executed on our share repurchase program and recently completed a sizable tender offer to return capital to our shareholders. At the same time we performed

Alta Mesa Produces 21 MBOEPD in 2017, Increases Rigs for 2018

February 27, 2018

Alta Mesa Resources, Inc. (ticker: AMR) produced 21,000 BOEPD in 2017, a 50% increase over 2016 net production of approximately 13,000 BOEPD. Total production mix for full-year 2017 was 52% oil, 17% natural gas liquids and 31% natural gas. Fourth quarter 2017 production was approximately 22,000 BOEPD, a greater than 45% increase over approximately 15,000 BOEPD in the fourth quarter

Centennial Resource Development Equity Private Placements Now Total $910 Million

Centennial Resource Development Plans ~$1 Billion 2018 CapEx

February 27, 2018

Delaware Basin producer Centennial Resource Development, Inc. (ticker: CDEV) had average daily oil and total equivalent production volumes of 19,161 Bbls/d and 31,864 BOEPD, respectively. Centennial said that these production volumes represent an increase of 233% for daily oil and an increase of 278% for equivalents year-over-year. “In our first full year of operation, Centennial delivered on the 2017 goals

PetroQuest: Two Cotton Valley Wells Completed

February 20, 2018

PetroQuest Energy, Inc. (ticker: PQ) has new results from its horizontal Cotton Valley drilling program in East Texas. The company recently completed two wells (PQ #29 – 52% NRI and PQ #30 – 59% NRI) which established a cumulative maximum 24-hour gross daily rate of 18,385 Mcf of gas, 1,354 barrels of NGLs and 55 barrels of oil, for an

Netherland, Sewell & Associates, Inc. Provides Petroleum Consulting Services Worldwide

February 13, 2018

Netherland, Sewell & Associates, Inc. (NSAI) is a worldwide leader of petroleum property valuations for the industry, financial organizations and government agencies. NSAI delivers high quality, fully integrated engineering, operational, geological, geophysical, petrophysical and economic solutions for all facets of the upstream energy industry. The company was established in 1961 and has offices in Dallas and Houston, with more than

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