petroleum

Goodrich Petroleum Plans to Invest Funds in Additional Haynesville Drilling, Zipper Fracs

March 13, 2018

Goodrich Petroleum Corporation (ticker: GDP) has updated and accelerated its preliminary capital expenditure budget for 2018, following the recent $23 million asset sale. For 2018, the company’s board of directors approved a $20 million increase to $85-$95 million to accelerate development in its core Haynesville Shale acreage position. The company anticipates drilling 21 gross (8.7 net) horizontal wells for the

Laredo Petroleum Expects to be Operating within Cash Flow by YE2018

February 15, 2018

Laredo Petroleum, Inc. (ticker: LPI) has released its Q4 and full-year 2017 results. For the fourth quarter of 2017, the company reported net income attributable to common stockholders of $408.6 million, or $1.70 per diluted share – this included a $405.9 million gain on the sale of Laredo’s investment in the Medallion-Midland Basin pipeline system. Adjusted net income (non-GAAP), for

More PetroChem Plants: PetroLogistics II Formed with $500 Million Initial Commitment

January 16, 2018

Quantum Energy Partners and Stonecourt Capital LP have announced the formation of PetroLogistics II LLC, with founders David Lumpkins and Nathan Ticatch. PetroLogistics II, headquartered in Houston, Texas, plans to continue the strategy of its predecessor, PetroLogistics Company LLC. The newly formed company will acquire, develop and operate petrochemical manufacturing, processing and logistics assets in North America. Quantum, Stonecourt and

Total U.S. Energy Production Up 2% YoY, 80% from Fossil Fuels

June 21, 2016

Domestic U.S. energy production of 89 quadrillion Btu accounted for 80% of U.S. energy supply: EIA U.S. energy production totaled 89 quadrillion Btu in 2015, according to the latest information from the EIA. Domestic production increased 2 quadrillion Btu, or roughly 2%, year-over-year. The majority of that production – 80% — came from fossil fuels, according to the agency. Gross withdrawals

Chart of the Week: U.S. Energy Use in 2014

September 14, 2015

Petroleum, NatGas, Coal & Nuclear Delivered 89% of U.S. Energy in 2014 U.S. Energy Use: in its September release of the second Quadrennial Technology Review (QTR), AN ASSESSMENT OF ENERGY TECHNOLOGIES AND RESEARCH OPPORTUNITIES, the U.S. Department of Energy delivers 505 pages of research findings and itemizes where the federal government sees opportunities existing for new research to develop energy technologies.

Goodrich Petroleum Plans to Invest Funds in Additional Haynesville Drilling, Zipper Fracs

Laredo Petroleum Expects to be Operating within Cash Flow by YE2018

More PetroChem Plants: PetroLogistics II Formed with $500 Million Initial Commitment

Total U.S. Energy Production Up 2% YoY, 80% from Fossil Fuels

Chart of the Week: U.S. Energy Use in 2014

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