With most schools out for the summer, the United States has entered its gasoline peak demand season, a time when prices generally rise due to increased consumer fuel usage as many families take off on traditional summer vacations.
Apache Corp. has completed the acquisition of nine Permian Basin oil and gas fields with current net production of 3,500 barrels of oil equivalent per day from Marathon Oil Corp.
The government of Brazil plans to send a new regulatory regime for that nation’s oil and gas industry to its Congress by August, according to Mines and Energy Minister Edison Lobao.
Anadarko Petroleum Corp. is betting on the potential of seven frontier blocks offshore Brazil after becoming the first independent company to reach a pre-salt reservoir last year at the Wahoo prospect in the BM-C-30 block, Campos basin.
OGFJ recently spoke with Denver-based Whiting Petroleum, one of the leading producers in the Bakken formation in North Dakota, about the company’s current drilling activity and future plans.
On Dec. 29, 2008, the Securities and Exchange Commission unanimously approved revisions to modernize oil and gas reporting requirements and allow more comprehensive disclosure of probable and possible reserves.
IHS Herold Inc., the independent research firm, has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies. The rankings provided are based on operated production only within the US. In this installment, the data provided is year-to-date 2008 production data.
TPH Partners LP, a middle market energy private equity fund, has created BlueRock Energy Capital II LLC, a financing company that provides small, independent exploration and production operators with $1 million to $10 million of acquisition and development capital.
Royal Dutch Shell has named Roxanne Decyk to the newly-created position of executive vice president of global government relations, based in Washington, DC. Decyk will report to future chief executive Peter Voser and will serve as the company’s chief diplomat.
A given in the energy industry is that ExxonMobil is heavily involved. Involved, not only in all cycles and sectors of the industry itself, but in the communities in which it serves.
