Saturday, December 21, 2024

LINN Energy Sells Oklahoma Waterflood and Texas Panhandle Properties for $122 Million

LINN Energy, Inc. (ticker: LNGG) announced that it has signed a definitive agreement to sell its Oklahoma Waterflood and Texas Panhandle properties to an undisclosed buyer for a contract price of $122 million, subject to closing adjustments. The combined properties to be sold consist of approximately 179,000 net acres in Oklahoma and Texas with third quarter net production of approximately

Exclusive Video Interview with EcoStim Energy Solutions President & CEO Chris Boswell

EcoStim Energy Solutions: ~80% of revenue will be in the U.S. going forward; 2-year contract with YPF provides foundation for growth in Argentina   At its recent 2017 The Oil & Gas Conference®, EnerCom’s Oil & Gas 360® conducted an exclusive video interview with EcoStim Energy Solutions (ticker: ESES) President & CEO Chris Boswell. EcoStim had its first full year

Eco-Stim: A Cleaner Approach to Oilfield Service

Eco-Stim Energy Solutions Inc. (ticker: ESES), an oilfield service company focused on providing support to oil and gas operators while simultaneously reducing its environmental impact, has had a growth spurt in the past few months. A variety of services Eco-Stim offers pressure pumping services—which encompasses workover, injection, cased-hole testing, among other services—and coiled tubing services. In addition to the company’s

Devon joins shale firms to cut spending as oil hovers at $30- oil and gas 360

Devon Energy Drills Record-Breaking STACK Well

Devon Energy (ticker: DVN) announced July 11th that it had brought a record setting well to production. The well reached a 24-hour peak production rate of 6,000 BOEPD, 50% of which was oil. The record-setting well, called the Privott 17-H, produced out of the Meramec in the STACK play. The well’s initial production rate is the highest of any STACK

Panhandle Oil and Gas Inc.: Big Leases in the Permian; Diversification Across Southern U.S. Plays

Founded in Oklahoma City in 1926, Panhandle Oil and Gas (ticker: PHX) boasts a foundation of 255,000 net acres of perpetually owned mineral rights spread primarily over Arkansas, Oklahoma, and Texas. Panhandle is in the position of holding large tracts of prospective acreage without operating that acreage. Instead, Panhandle allows large independent companies to lease and explore its holdings. Of

Gastar Exploration, Development in the STACK

Oklahoma-centered Gastar Exploration Inc. (ticker: GST) has built its production portfolio primarily in the STACK play, where it holds 62,600 of its 89,600 net acres, spread across 5 core-zones. The company averaged approximately 5,700 BOEPD during Q1, 2017. Gastar’s STACK assets Gastar’s STACK assets are split between the Meramec, Osage, Oswego, and Hunton Limestone plays. The company estimates that approximately

Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

Cheniere’s Midship open season ends March 30 Cheniere Energy’s (ticker: LNG) Midship Pipeline Company, LLC has signed agreements with foundation shippers to support construction of a 200 mile, 36-inch interstate natural gas pipeline project and has launched a binding open season for shippers—known as the Midship project. Cheniere said the commitments are from subsidiaries and/or affiliates of Cheniere, Devon Energy Corporation

Exclusive Interview with Stephen Brunner, President, Petro River Oil

Conventional wells, prolific areas, and low cost structure are the staples of Petro River: Brunner Petro River Oil’s President Stephen Brunner spoke to Oil & Gas 360®’s Angie Austin at the EnerCom conference in Denver last week. Brunner talked about the business strategy of Petro River, Oil prospects in Ireland, and a potential uplisting to NASDAQ. Petro River Oil Corp.

Exclusive Interview with Hal Chappelle, President and CEO of Alta Mesa Holdings

Alta Mesa: I look at this as a very early stage of development in the STACK Alta Mesa’s President and CEO Hal Chappelle spoke to Oil & Gas 360®’s Angie Austin at the EnerCom conference in Denver last week. Chappelle talked about his company, what their development plans look like, and the efficiencies being generated from cost cutting to optimize

Alta Mesa Holdings, L.P – Day Two Breakout Notes

Alta Mesa Holdings presents at EnerCom’s The Oil & Gas Conference® During Alta Mesa Holdings’ breakout session, management was asked the following questions: What is your overall thought of the acreage acquired? Can you quantify the thickness of the Lincoln versus the Hennessy? Have you heard much talk of the stacking formations moving west of your acreage? What size frac

Cimarex Energy – Day Two Breakout Notes

Cimarex presents at EnerCom’s The Oil & Gas Conference®  During Cimarex’s breakout session, management was asked the following questions: In Culberson county, what is the average mix in the upper and lower Wolfcamp? And is there potential for multiple stacked laterals in the upper Wolfcamp? As you lay out your Wolfcamp targets, do you have a view of the lower

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Petro River Oil Corporation – Day One Breakout Notes

Petro River Oil presents at EnerCom’s The Oil & Gas Conference®  During Petro River Oil’s breakout session, management was asked the following questions: Do you envision being a company giving a steady dividend? I think you have an $18 million receivable on your balance sheet; How did that come about? And do you think you will realize it? Your interest