By Andrew Nichols: EnerCom The Electric Reliability Council of Texas (ERCOT) is an independent system operator that manages the flow of electric power to Texans and represents about 90 percent of the state’s electric load. Over the past couple of days, a large heat wave caused demand to nearly reach capacity in the afternoons when it is hottest. The heatwave
By Andrew Nichols: EnerCom Over the past decade the United States shifted the trends in crude oil imports and exports. U.S. oil imports peaked at almost 11 million barrels of oil a day in late 2006. Since then, crude oil imports declined over the years and are at about 6 million barrels a day as of the end of May
By Andrew Nichols: EnerCom Over the past decade the United States shifted the trends in crude oil imports and exports. U.S. oil imports peaked at almost 11 million barrels of oil a day in late 2006. Since then, crude oil imports declined over the years and are at about 6 million barrels a day as of the end of May
By Andrew Nichols: EnerCom The Energy Information Administration (EIA) reports the number of miles traveled by vehicles which is a great indication of demand for hydrocarbons. On a monthly basis, the number of vehicle miles traveled increased in the first half of the year (January to June) and decreased during the second half of the year. Each year, vehicle miles
The Energy Information Administration (EIA) reports the number of miles traveled by vehicles which is a great indication of demand for hydrocarbons. On a monthly basis, the number of vehicle miles traveled increased in the first half of the year (January to June) and decreased during the second half of the year. Each year, vehicle miles increased by an average
The Energy Information Administration (EIA) reports the number of miles traveled by vehicles which is a great indication of demand for hydrocarbons. On a monthly basis, the number of vehicle miles traveled increased in the first half of the year (January to June) and decreased during the second half of the year. Each year, vehicle miles increased by an average
By Tyler Losier, Energy Reporter, Oil & Gas 360 Borr Drilling board of directors recommends appointment of Paal Kibsgaard as chairman The board of directors for Borr Drilling Limited (stock ticker: BORR), an international drilling contractor based out of Bermuda, has recommended former Schlumberger (stock ticker: SLB) CEO Paal Kibsgaard be appointed as the company’s new chairman, following a unanimous
From The Houston Chronicle The U.S. energy sector broke another record last year as the shale boom sent natural gas and petroleum production soaring. U.S. petroleum and natural gas production jumped by 16 percent and by 12 percent respectively in 2018, setting new production records, according to a new report from the U.S. Energy Department. The U.S. surpassed Saudi Arabia
Consolidation continues in the Permian, with Callon Petroleum (ticker: CPE) purchasing $570 million in assets Thursday. Callon intends to acquire 28,657 net acres in the Delaware, primarily in Ward and Loving Counties, from Cimarex Energy (ticker: XEC). This acreage is partially contiguous with Callon’s assets in the Delaware, and is all at least nearby. Over 90% of the new acreage
Produced 127 MBOEPD in Q1 Whiting Petroleum Corporation (ticker: WLL) is an independent exploration and production company focused on an oil asset base in North Dakota’s Williston Basin. Headquartered in Denver, Colorado, Whiting is one of the largest crude oil producers in North Dakota. Whiting produced an average of 127 MBOEPD in the first quarter of 2018. The company drilled
TPG Pace Energy acquires EnerVest’s South Texas Division in $2.66 billion handshake; forms new public company – Eagle Ford, Austin Chalk pure-play – Magnolia Oil & Gas Corp. TPG Pace Energy Holdings Corp. (ticker: TPGE), an energy-focused special purpose acquisition entity led by former Occidental Petroleum Corporation CEO Steve Chazen, has entered into definitive agreements with funds managed by EnerVest,
Midstates Petroleum Company, Inc. (ticker: MPO) reported a net loss of $85.1 million, or $(3.39) per share in 2017. In Q4 2017, the company reported a net loss of approximately $121 million, or $(4.78) per share. For 2017, the company averaged 18,181 BOEPD (28% oil, 24% NGLs, 48% natural gas) in the Mississippian Lime and 3,967 BOEPD in the Anadarko
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