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Most promising shale acquisition candidates of 2015

Despite the oil price crash mid-year 2014, it was a record year in transaction value involving shale assets in North America. Nearly 65 billion USD were involved in shale E&P transactions in North America during 2014. After the oil price crash of 2009, transa ...

Sefton Resources provides company and trading update

The board of Sefton provides an update on the Company, its activities and its financial position. Update on the Kansas Assets The Company's primary business assets at present are its two subsidiaries operating in Kansas, USA: TEG MidContinent Inc. and TEG Tr ...

American Eagle Energy appoints Chief Financial Officer

American Eagle Energy Corporation (NYSE MKT: AMZG), announces that, effective as of the close of business on April 30, 2015, Kirk Stingley resigned as the Company's Chief Financial Officer to pursue other interests in the private sector. Effective as of the op ...

Flexlife awarded contract with Apache Corporation

Flexlife, specialist provider of flexible pipe integrity and engineering services for the oil and gas industry, has won a contract with oil and gas exploration and production company Apache North Sea Limited. The subsea project management and engineering supp ...


Norwegian Petroleum Directorate grants Statoil drilling permit for 6407/8-7

The Norwegian Petroleum Directorate has granted Statoil Petroleum AS a drilling permit for wellbore 6407/8-7, cf. Section 8 of the Resource Management Regulations. Wellbore 6407/8-7 will be drilled from the Transocean Spitsbergen drilling facility in position ...

Crude by rail accounts for more than half of East Coast refinery supply in February

Monthly rail receipts of crude oil accounted for more than half (52%) of the crude oil supply to East Coast refineries in February. As U.S. and Canadian production of crude oil has increased, crude supply by rail to East Coast (PADD 1) refineries has grown, d ...

U.S. Oil Market Update- Blame Canada!

Where is all the oil coming from? Oil inventories continue to surge, but U.S. production has flatlined for weeks—even months. I mean really—look at these simple facts that have been staring the Market in the face for months: Year-to-date (YTD) p ...

Exterran Partners reports first-quarter 2015 results

Exterran Partners, L.P. (NASDAQ: EXLP) today reported EBITDA, as further adjusted (without the benefit of cost caps), of $78.7 million for the first quarter 2015, compared to $76.9 million for the fourth quarter 2014 and $49.9 million for the first quarter 201 ...

Breitburn Energy Partners reports first quarter results

Breitburn Energy Partners LP (NASDAQ:BBEP) today announced financial and operating results for the first quarter 2015. Key Highlights Increased total production to 5.1 MMBoe, a 57% increase from the first quarter of 2014 and a 21% increase from the fourth qua ...

Northern Tier Energy reports strong first quarter 2015 results

Northern Tier Energy LP and its subsidiaries (NYSE:NTI) today reported first quarter 2015 results. First quarter 2015 Net Income was $111.2 million compared with $71.5 million for the first quarter 2014. Results for the 2015 quarter included a $10.8 million no ...

Lilis Energy signs agreement to acquire core wattenberg acreage and production for $5.5 million

Lilis Energy, Inc. (Nasdaq:LLEX) announced today that it has entered into an agreement with a private party seller to acquire certain non-operated leasehold working interests including interests in 53 producing wells and a 640 gross (499 net) acre block of und ...

Wintershall submits Plan for Development and Operation for Maria Field

Another landmark for Wintershall in Norway: The largest internationally active German crude oil and natural gas producer and its partners have today submitted a Plan for Development and Operation (PDO) for the Maria field in the Norwegian Sea to the Norwegian ...

Chesapeake Energy appoints Executive Vice President - Exploration, Land and Subsurface Technology

Chesapeake Energy Corporation (NYSE:CHK) announced today that Frank Patterson will join the company as Executive Vice President - Exploration, Land and Subsurface Technology. Patterson replaces John Kapchinske, who recently retired from the company. He will re ...

$75/bbl for Brent by June... or not, one of the two

Predicting the future is hard, particularly if you attach a date to your prediction as then observers can pretty easily work out if you were right or wrong. No one likes being wrong, so most soothsayers try to avoid this trap by being wooly about the timing. I ...
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