From the Midland Reporter Telegraph OPEC last week committed to reducing its oil production quota during an informal meeting in Algiers in hopes of reducing the global oil supply and raising prices, which has pressed several nations into dire straits. While the deal won’t be finalized until the cartel’s formal meeting Nov. 30 in Vienna, markets quickly responded and sent
Unit Corporation presents at EnerCom’s The Oil & Gas Conference® During Unit Corporation’s breakout session, management was asked the following questions: Are completions going to follow the rig? How strategic is it to keep 3 segments under the same company? Will there be a division or sale? What pay zone are you kicking out into in the Granite Wash? What
On August 3, 2016, Newfield Exploration (ticker: NFX) announced the signing of two separate purchase and sale agreements to divest all of its assets in the Maverick Basin of Texas for $390 million. The transaction is expected to close in the third quarter of 2016 and covers 35,000 acres of unconventional and conventional assets in Dimmit and Atascosa counties. EnCap-backed
Denbury Resources will be presenting at EnerCom’s The Oil & Gas Conference® in Denver, on Tuesday, August 16, 2016. Denbury Resources is an upstream oil and gas operator primarily focused on carbon dioxide enhanced oil recovery methods. The company’s portfolio of assets is split between the Rocky Mountain region and the Gulf Coast region. Denbury operates mature fields by utilizing
MCF will present at EnerCom’s The Oil & Gas Conference® on Mon. Aug. 15, 2016 Contango Oil & Gas Company (ticker: MCF) is an exploration and production company headquartered in Houston, TX, with operations in the Gulf of Mexico, onshore Texas Gulf Coast, East and Southeast Texas, and the Rocky Mountains. In 2015, the company reported estimated proved reserves of
Lower severance taxes are severely squeezing budgets in oil producing states, some to “revenue failure” Severance taxes on oil and gas extraction make up a significant portion of the budgets of a number of states in the U.S., but the rapid decline of prices since November of 2014, has put several of those states in a bind as they prepare
Cruz says he wants to “unleash American jobs and opportunity by harnessing our nation’s energy resources” Texas Senator Ted Cruz posted a detailed list of his energy policy stances on his U.S. Senate website in Feb. 2014. They are as follows: Prevent the Federal Government from Undermining the American Energy Renaissance and the Jobs It Creates (1-5) 1) Prevent Federal Regulation of
Shortage of Frac Crews, Equipment Drives Favorable Pricing in Argentina “Eighty percent of the shale in the world has been identified as being outside of North America,” EcoStim Energy Solutions (ticker: ESES) CEO Chris Boswell told Oil & Gas 360® in an exclusive interview at EnerCom’s 20th The Oil & Gas Conference® in Denver, “but eighty percent of the equipment
Via Philadelphia Business Journal Pennsylvania gets smaller share of tax revenue from oil and gas extraction than Texas, Alaska Less than 1 percent of Pennsylvania’s tax revenue comes from taxes and fees generated directly from the extraction of oil and natural gas, according to a new report. The Keystone State is the second-biggest natural gas producer in the U.S. but
HB 40 hopes to clarify limits of local control on oil and gas operations, preventing frac bans Texas Governor Greg Abbott signed legislation today designed to pre-empt local regulations on drilling activities in the state. The bill, House Bill 40, will avoid a “patchwork of local regulations” that might hamper oil and gas production, according to Gov. Abbot. According to
Chief Executive Magazine Canvased CEOs across the U.S. to Create its 11th Annual Ranking Texas came in at the top of the list of “Best States for Business,” retaining its 2014 title. At the bottom in the eyes of CEOs is California, also retaining its 2014 spot. CEOs were asked to rank states they were familiar with on three categories:
The fight over home rule moves to Texas House Municipal control over activities involved in hydraulic fracturing has become a hot topic nationwide, with the small town of Denton, Texas, being one of the focal points of the conversation about local control of oil and gas regulations. In Denton, the city passed legislation banning hydraulic fracturing, causing uproar in the
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