Shell makes move towards Kenya, Mozambique with $1.56B offer for Cove EnergyRoyal Dutch Shell is making a move to enter the hydrocarbon-rich areas of Kenya and Mozambique with a proposed offer to acquire Cove Energy plc for US$1.56 billion (GBP 992.4 million). |
Chesapeake Energy targets $10-$12B in asset monetizationsChesapeake Energy Corp. provided details on its financial plan to fully fund the company’s anticipated capital expenditures during 2012 and provide additional liquidity for 2013. |
Quicksilver Resources files $250M IPO to reduce debtQuicksilver Production Partners LP, a wholly-owned subsidiary of Quicksilver Resources Inc., filed a registration statement February 10, 2012, on Form S-1 with the US SEC related to the proposed IPO of common units representing limited partner interests. |
OMV appoints Deutsche Bank to handle divestment programDeutsche Bank has been appointed as the investment bank to handle the structuring and implementation of the divestment program in the R&M business segment. |
ANGA applauds White House commitment to natural gasThe following is a statement by Regina Hopper, president and CEO of America's Natural Gas Alliance (AN GA), on the recent White House briefing paper on “Investing in America,” which highlights the key role American natural gas can play in advancing our nation’s economic recovery. |
ConocoPhillips names additional executives for post-split companiesConocoPhillips has made additional appointments to the executive management teams for the two energy companies that will be created when ConocoPhillips completes its strategic repositioning, expected in the second quarter of this year. |
Survey shows capital spending to rise in 2012According to a just-released survey by Dahlman Rose & Co., oil and gas companies are projected to spend more for exploration and production this year in spite of slow economic growth and concerns about sovereign debt in Europe and elsewhere globally. |
OGFJ100P company update
Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies.
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Weekly Update: Shell and ENI gamble on Nigeria whilst Total plays it safe in North SeaThere were three large deals by super majors this week as Total played it safe by acquiring a producing North Sea asset whilst Royal Dutch Shell and ENI opted for a high risk but high reward asset in Nigeria. |
Royale looks to add oil to its portfolio with Alaska acreageRoyale Energy Inc. was selected by the State of Alaska as a winning bidder on acreage in the North Slope Area wide lease sale. |
Top 10 Year-to-Date Production ranked by BOE
| Rank |
Company |
BOE |
| 1 | Aera Energy LLC | 43,862,429 |
| 2 | Merit Energy | 26,940,000 |
| 3 | Samson Lone Star LLC | 22,035,784 |
| 4 | Hilcorp Energy Co. | 16,424,462 |
| 5 | Samson Resources Co. | 14,450,223 |
| 6 | Yates Petroleum Corp | 12,992,263 |
| 7 | Walter Oil & Gas Corp. | 9,656,787 |
| 8 | Hunt Oil Co. | 8,728,389 |
| 9 | Enervest Operating LLC | 8,564,804 |
| 10 | Citation Oil & Gas Corp | 8,428,543 |
Top 10 Canadian oil and gas production: YE 2007
| Rank |
Company |
Daily |
| 1 | Canadian Natural Resources | 520,612 |
| 2 | EnCana Corp | 490,459 |
| 3 | Husky Energy Inc. | 363,851 |
| 4 | Imperial Oil Ltd. | 351,333 |
| 5 | Suncor Energy Inc. | 308,267 |
| 6 | Petro-Canada | 267,993 |
| 7 | ConocoPhillips | 230,333 |
| 8 | Talisman Energy Inc. | 174,999 |
| 9 | Devon Energy Corp. | 159,087 |
| 10 | Penn West Energy Trust | 127,094 |