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  • EIA: US shale production set to record first drop in four years

    The USEIA’s monthly drilling report says that oil production from US shale plays is expected to decline 45,000b/d to 4.98MMb/d in May from 5.02MMb/d in April – marking this as the first such monthly decline seen in over four years.


    Apache to sell Australian operations for $2.1B

    Apache has agreed to sell Apache Energy Ltd. to a consortium of private equity funds for a cash payment of $2.1B. The deal generates an "attractive multiple given the gassy nature of the assets and APA's current corporate valuation of $7.9K/flowing Mcfe," noted analysts.  


    Fox Petroleum proposes Oman to India multi-purpose pipeline

    Fox Petroleum Ltd. has proposed building the Oman – India Multi Purpose Pipeline (OIMPP), a deepwater, transnational, natural gas pipeline system that would cross the Arabian Sea and be funded 100% with foreign investments. 


    Verisk Analytics to acquire Wood Mackenzie

    Wood Mackenzie has signed an agreement to be acquired by Verisk Analytics Inc. for $2.8 billion. The move by Verisk establishes the firm as a data analytics provider in the global energy market.


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    Commodity Indices

    Market Indices

    Latest Oil & Gas Industry News

    Strachan to continue as interim CEO for Transocean

    April 17, 2015

    As revealed in its April 15 filings with the US Securities and Exchange Commission, Transocean Ltd. has signed an agreement with Ian C. Strachan to continue as the company’s interim CEO.

    Petsec to acquire shares in, and be operator of, Yemen's Block 7

    April 17, 2015 Petsec Energy Ltd. has executed an agreement with Oil Search Ltd. to acquire all the shares of its subsidiary Oil Search (ROY) Ltd. which holds a 34% participating interest in Block 7, Al Barqa Per...

    Matador prices public offering of common stock

    April 17, 2015 Matador Resources Co. has priced an underwritten public offering of 7,000,000 shares of its common stock. Total estimated proceeds of the offering to Matador, before estimated offering expenses, ar...

    SM Energy credit facility borrowing base redetermined

    April 17, 2015 SM Energy Co.’s borrowing base under its senior secured revolving credit facility was maintained at $2.4 billion following its lenders’ regularly scheduled semi-annual redetermination. SM Ener...

    Hutchinson joins ONEOK Partners board of directors

    April 17, 2015

    Michael G. Hutchinson has joined the board of directors of ONEOK Partners LP, effective April 16.

    LLOG confirms initial production from Delta House project

    April 17, 2015 LLOG Exploration Co. LLC, along with its Gulf of Mexico joint venture partner, Blackstone Energy Partners, and its co-owners, the entities managed by Ridgewood Energy (which includes Riverstone-des...

    Petrobras discovers oil and gas in Amazon and Espírito Santos basins

    April 17, 2015

    Petróleo Brasileiro SA (Petrobras) has confirmed the discoveries of oil and gas accumulations in Brazil’s Amazon and Espírito Santos basins.

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    More News & Updates

    Matador prices public offering of common stock

    Apr 17, 2015 Matador Resources Co. has priced an underwritten public offering of 7,000,000 shares of its commo...

    Post Oak Energy Capital commits $150 million to PetroEdge Energy IV

    Apr 16, 2015 Post Oak Energy Capital has made a $150 million capital commitment to PetroEdge Energy IV LLC. Pe...

    Rig Count

    Area Count Change
    US 954 34
    Canada 80 19
    International 1275 17

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

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    Petrobras discovers oil and gas in Amazon and Espírito Santos basins

    Apr 17, 2015 Petróleo Brasileiro SA (Petrobras) has confirmed the discoveries of oil and gas accumulations in ...

    PA Resources receives approval for continued reorganization

    Apr 16, 2015 On April 15, the Gunvor Group recalled its petition for bankruptcy in PA Resources AB, and, as a ...

    Gunvor Group to withdraw petition for PA Resources bankruptcy

    Apr 15, 2015 Gunvor Group has informed the company that it intends to withdraw its petition for bankruptcy in ...
    Oil Markets

    Petrobras discovers oil and gas in Amazon and Espírito Santos basins

    April 17, 2015 Petróleo Brasileiro SA (Petrobras) has confirmed the discoveries of oil and gas accumulations in ...
    Energy Players

    Strachan to continue as interim CEO for Transocean

    April 17, 2015

    As revealed in its April 15 filings with the US Securities and Exchange Commission, Transocean Ltd. has signed an agreement with Ian C. Strachan to continue as the company’s interim CEO.

    Business Solutions

    Midstates Petroleum receives continued listing standard notice from NYSE

    April 6, 2015 Midstates Petroleum Co. Inc. received notification on April 1 from the New York Stock Exchange (NYSE) that the price of the company’s common stock has fallen below the NYSE’s continued listing stan...
    Upstream

    Matador prices public offering of common stock

    April 17, 2015 Matador Resources Co. has priced an underwritten public offering of 7,000,000 shares of its commo...
    Unconventional

    Matador prices public offering of common stock

    April 17, 2015 Matador Resources Co. has priced an underwritten public offering of 7,000,000 shares of its common stock. Total estimated proceeds of the offering to Matador, before estimated offering expenses, ar...
    Midstream

    REX completes notes repayment, receives credit rating improvements

    April 16, 2015 Rockies Express Pipeline LLC (REX) has completed the repayment of the April 15 senior unsecured n...
    Capital

    Matador prices public offering of common stock

    April 17, 2015 Matador Resources Co. has priced an underwritten public offering of 7,000,000 shares of its commo...
    Analysis

    PA Resources receives approval for continued reorganization

    April 16, 2015 On April 15, the Gunvor Group recalled its petition for bankruptcy in PA Resources AB, and, as a ...
    Mergers & Acquisitions

    Petsec to acquire shares in, and be operator of, Yemen's Block 7

    April 17, 2015 Petsec Energy Ltd. has executed an agreement with Oil Search Ltd. to acquire all the shares of it...

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