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  • Goodrich Petroleum sells Eagle Ford assets

    Goodrich Petroleum sells Eagle Ford assets

    Goodrich Petroleum Corp. has agreed to sell its proved Eagle Ford reserves and associated leasehold in LaSalle and Frio Counties, TX, for $118 million to an undisclosed buyer.  


    What Dodd-Frank can learn from Islamic finance

    Five years ago, Congress took a step toward reining in elements of a troubled financial system when it passed the Dodd-Frank Wall Street Reform and Consumer Protection Act. A recent Pew poll found that 63% of Americans said the US economic system is no more secure today than it was before the 2008 economic crisis. How can we continue to make things better? One answer can be found in the principles of Islamic finance.


    Iran nuke deal: risks and implications for energy industry

    Following the historic deal on Iran nuclear sanctions, Wood Mackenzie affirmed its view on the likely pace of production ramp up and the opportunity for foreign investment.


    DW: Why ‘Grexit’ worries weigh down oil price

    As strained negotiations between the Greek government and European financial ministers enter the end-game, the impact on energy markets remains uncertain.


    First drone-based gas pipeline surveillance program begins in France

    AIR MARINE has begun the first drone-based gas pipeline surveillance program in France for GRTgaz.  


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    Transocean's Deepwater Millennium

    OGFJ Photo of the Day

    RAAM amends exchange offer and consent solicitation

    July 31, 2015 RAAM Global Energy Co. has made certain amendments to its offer to exchange any and all of its outstanding 12.50% senior secured notes due 2015 held by eligible holders for newly issued 12.50% seni...

    MEO appoints Purcell and Sandy as directors

    July 31, 2015

    MEO Australia Ltd. has appointed Andrew Purcell and Michael Sandy as non-executive directors of MEO, effective immediately.

    Phillips 66, ETP, and Sunoco Logistics form JV to construct crude oil pipeline

    July 31, 2015 Phillips 66, Energy Transfer Partners LP, and Sunoco Logistics Partners LP have formed a joint venture to construct the Bayou Bridge pipeline that will deliver crude oil from the Phillips 66 and Su...

    OVS Group appoints Barbarino as CEO

    July 31, 2015 OVS Group has appointed Sebastiano Barbarino as CEO, replacing CEO Jose N. Alvarez, who is a founding member of the company. Alvarez will maintain a full-time role at OVS Group as chief research of...

    TETRA appoints Snider as a board director

    July 31, 2015 TETRA Technologies Inc. has appointed Stephen A. Snider as a member of the board of directors and increased the size of the board to accommodate his appointment. Snider will serve as an independent...

    Cheniere signs 20-Year LNG sale and purchase agreement

    July 31, 2015 Cheniere Energy Inc., through its subsidiary, Cheniere Marketing International LLP, has entered into a liquefied natural gas (LNG) sale and purchase agreement with Central El Campesino, under which...

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    Rig Count

    Area Count Change
    US 874 2
    Canada 215 15
    International 1146 12

    Source: Baker Hughes Inc.
    US & Canada rig counts updated weekly. International updated monthly.

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    Jul 17, 2015 Fitch's high-yield energy sector default rate continued to climb with the recent Chapter 11 filin...

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    Jul 14, 2015 Hercules Offshore Inc. has begun a solicitation of votes for a prepackaged plan of reorganization...
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    July 1, 2015 Following the close of business on July 1, Columbia Pipeline Group Inc. (expected NYSE ticker: CP...
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    MEO appoints Purcell and Sandy as directors

    July 31, 2015

    MEO Australia Ltd. has appointed Andrew Purcell and Michael Sandy as non-executive directors of MEO, effective immediately.

    Business Solutions

    OVS Group appoints Barbarino as CEO

    July 31, 2015 OVS Group has appointed Sebastiano Barbarino as CEO, replacing CEO Jose N. Alvarez, who is a founding member of the company. Alvarez will maintain a full-time role at OVS Group as chief research of...
    Upstream

    Phillips 66, ETP, and Sunoco Logistics form JV to construct crude oil pipeline

    July 31, 2015 Phillips 66, Energy Transfer Partners LP, and Sunoco Logistics Partners LP have formed a joint ve...
    Unconventional

    Phillips 66, ETP, and Sunoco Logistics form JV to construct crude oil pipeline

    July 31, 2015 Phillips 66, Energy Transfer Partners LP, and Sunoco Logistics Partners LP have formed a joint venture to construct the Bayou Bridge pipeline that will deliver crude oil from the Phillips 66 and Su...
    Midstream

    Phillips 66, ETP, and Sunoco Logistics form JV to construct crude oil pipeline

    July 31, 2015 Phillips 66, Energy Transfer Partners LP, and Sunoco Logistics Partners LP have formed a joint ve...
    Capital

    RAAM amends exchange offer and consent solicitation

    July 31, 2015 RAAM Global Energy Co. has made certain amendments to its offer to exchange any and all of its ou...
    Analysis

    US oil drillers increase number of rigs despite price collapse

    July 27, 2015 Baker Hughes data shows that US oil producers gained a total of 19 oil rigs in the past week, wit...
    Mergers & Acquisitions

    Phillips 66, ETP, and Sunoco Logistics form JV to construct crude oil pipeline

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    OGFJ Editor Don Stowers discusses the extremely active oil and gas M&A market and the reasons for the surge in deal activity this year with Bryan Loocke, a partner in Bracewell & Giuliani’s Houston office.

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