Switzerland-based commodity trading house Trafigura said Monday that falling oil prices, significant volatility, structural oversupply and the emergence of contango price structures have created significant opportunities in the crude and ...
Tags: Trafigura, oil prices, crude oil
Chevron on Friday revised slightly lower an earlier future production target due to prolonged but uncertain lower oil prices, while at the same slashing its capital spending for 2016 by 25% compared to this year. The company now sees ...
Tags: Chevron, oil prices, shale oil
Noble Energy's two long-awaited deepwater Gulf of Mexico fields came on stream ahead of schedule in late October and should reach peak in the next couple of weeks, the company's CEO said Monday. The Dantzler and Big Bend fields, in water ...
Tags: Noble Energy, Crude, sales volumes
US Representative Pete Olson, R-Texas, on Tuesday called for less federal regulation for oil and gas drilling, including allowing some drilling in national parks. Olson, who spoke at the Texas Independent Producers and Royalty Owners ...
Natural gas production is expected to increase in five of six significant US shale and unconventional plays in April compared with March levels, according to the US Energy Information Administration. The EIA's monthly drilling ...
Tags: Natural Gas, Per-rig gas, shale
South Texas' giant Eagle Ford Shale was the best asset for big US upstream operator EOG Resources in 2013 and will again drive oil growth this year, the company's CEO said Tuesday. Last year Houston-based EOG focused on improving well ...
Tags: Eagle Ford, Oil Growth
Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”), an independent energy company engaged in the exploration, development, production and acquisition of oil and natural gas resources, with an ...
All things pertaining to cotton in West Texas summarizes the subject matter of this year's Texas A&M AgriLife Extension Service Permian Basin Cotton Conference, organizers said. The multi-county annual event takes place from 8 a.m.-3:30 ...
Tags: Agriculture News, Farming News, Permian Basin Cotton Conference
Abraxas Petroleum Corporation (NASDAQ:AXAS) is pleased to provide the following operational and acquisition update. "Given the early results of the Blue Eyes 1H, we have elected to drill the Snake Eyes 1H on the company's Jourdanton ...
Tags: Abraxas Petroleum Corporation, acquisition, operational update
Tuesday, Dec 31, 2013 BreitBurn Energy Partners L.P. (the "Partnership") (NASDAQ:BBEP) announced today that it has completed the acquisition of oil and natural gas properties in the Permian Basin in Texas from CrownRock, L.P. for ...
Tags: BreitBurn Energy Partners L.P., acquisition, Permian Basin
SALT LAKE CITY, Dec. 19, 2013 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) announced that the Szymanowice-1 well in Poland tested gas during a drill stem test (DST) in a 28 meter section of the Rotliegend sandstone target reservoir. The ...
BreitBurn Energy Partners L.P. (the "Partnership") (NASDAQ:BBEP) today announced it has signed a definitive agreement to acquire additional oil and natural gas properties in the Permian Basin in Texas for approximately $282 million, subject ...
Tags: Oil and Gas News, Breitburn Energy, Acquisition, Permian Basin Interests
FX Energy, Inc. (NASDAQ: FXEN) reported that the Lisewo gas facility in Poland is now producing gas. Gas produced at the Lisewo-1 well is the first to be processed from the new facility. The Lisewo-1 well initial rate is approximately 5 ...
EnerVest, Ltd., and its affiliates today announced they have entered in to a binding agreement to sell assets in the Permian Basin to QEP Energy Company, a wholly owned subsidiary of QEP Resources, Inc., for $950 million. The divestiture ...
Tags: EnerVest, Basin Sale
W&T Offshore, Inc. (NYSE: WTI) today announced a sub-salt oil discovery at the "Dantzler" exploration prospect in the Deepwater Gulf of Mexico. The well is located on Mississippi Canyon block 782 in 6,580 feet of water and was drilled to a ...