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Tuesday, August 4, 2015

Platts Pre-Report Survey of Analysts' EIA/API Estimates Suggests a 1.6 Million-Barrel Decline in U.S. Crude Oil Stocks

Platts - U.S. commercial crude oil stocks are expected to have decreased 1.6 million barrels in the week ended July 31, a survey of analysts showed Monday. The U.S. Energy Information Administration (EIA) is scheduled to release its weekly data at 10:30 am ED ...

Warren Resources announces second quarter 2015 financial and operating results

Warren Resources, Inc. (Nasdaq:WRES) today reported its second quarter 2015 financial and operating results, including a net loss of $85.3 million, or ($1.05) per basic and diluted share, which includes a non-cash ceiling test write-down of its oil and gas pro ...

Oil Prices: Why We Are Where We Are Today

TWO months ago, when I was delivering a training course, people responded with deep scepticism when I suggested that oil-price stability at around $65 a barrel wouldn't be sustained during the second half of the year. And when I suggested the price would soon ...

Breitling Energy announces new development program of 14 wells in West Texas

Breitling Energy Corporation (OTCBB:BECC) announces a new non-operated 35-percent participation in a 14-well developmental drilling program in West Texas, with the first spudding tomorrow. Phase One has seven wells planned; six in Kent County and one in Knox ...


Sempra Energy reports second quarter 2015 earnings

Sempra Energy (NYSE: SRE) today reported second-quarter 2015 earnings of $295 million, or $1.17 per diluted share, compared with $269 million, or $1.08 per diluted share, in the second quarter 2014. Sempra Energy's second-quarter 2015 earnings included a $36 ...

White Marlin Oil and Gas closes acquisition of Dune Energy assets

White Marlin Oil and Gas Company, LLC ('White Marlin'), a Houston, Texas based privately held upstream oil and gas production company, announced today the closing of its acquisition of certain properties from Dune Energy, Inc., Dune Operating Company, and Dune ...

Sintana Energy provides operations update; Manati Blanco-1 well drilling progress encouraging

Sintana Energy Inc. (TSX VENTURE:SNN) is pleased to report the successful execution of drilling operations in the conventional formations encountered by the Manati Blanco-1 well, which is located on the western edge of the 43,158 acre Block VMM-37 in Colombia' ...

Touchstone Exploration disposes of undeveloped Saskatchewan acreage for $4.2 million

Touchstone Exploration Inc. (TSX:TXP) announces that it has disposed of its working interest in 1,166 net hectares of undeveloped acreage in the Dodsland area of Saskatchewan for cash consideration of $4.2 million to a Canadian oil and gas producer. The prope ...

Pan Orient Energy announces positive results of prospective resource report at the Aunggun Prospect, Indonesia

Pan Orient Energy Corp. (TSX VENTURE:POE) is pleased to announce the results of a recently completed third party engineer NI-51-101 compliant Prospective Resource Report for the Anggun Prospect, East Jabung Production Sharing Contract, Indonesia effective June ...

Algeria is reforming its laws to attract foreign investment in hydrocarbons

Algeria is the third-largest oil producer in Africa, after Nigeria and Angola, and the largest natural gas producer in Africa. However, production of both oil and natural gas has declined over the past decade. This declining production has led the Algerian go ...

Exterran Partners reports second quarter 2015 results

Exterran Partners, L.P. (NASDAQ:EXLP) today reported EBITDA, as further adjusted (without the benefit of cost caps), of $83.2 million for the second quarter 2015, compared to $78.7 million for the first quarter 2015 and $67.2 million for the second quarter 201 ...

Why prompting production on the US Atlantic Coast is so slow: Regulation and Environment

When it comes to pursuing new offshore oil and natural gas production, the Atlantic Coast is proving to be a tough target. In this week's Oilgram News column, Regulation and Environment, Gary Gentile explains what's currently happening — and what's not h ...

Ensign Energy Services reports 2015 second quarter results

Second quarter highlights Revenue for the second quarter of 2015 was $333.8 million, a decrease of 35 percent from revenue for the second quarter of 2014 of $511.6 million. Second quarter revenue by geographic area: Canada - $45.6 million, 14 percent; United S ...

Western Refining announces second quarter 2015 results

Western Refining, Inc. (NYSE:WNR) today reported results for its second quarter ending June 30, 2015. Net income attributable to Western, excluding special items, was $138 million, or $1.44 per diluted share. This compares to second quarter 2014 net income, ex ...
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