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  • OIL MARKETS

    Welcome to the Oil and Gas Financial Journal's Oil Markets Page containing news reported with the Oil & Gas Financial Industry perspective.

    SECTIONS: OGJ150 | OGFJ100P
    COMPANIES | OIL MARKET WATCH

    Latest OGJ150 News

    Gulfport Energy names Gaydosik CFO

    Jul 10, 2014

    Gulfport Energy Corp. has appointed Aaron Gaydosik to serve as CFO. Most recently, Gaydosik served as vice president of finance at Kodiak Oil & Gas Corp.

    Revenue, net income show small increases in 4Q2012

    May 1, 2013

    Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final quarter of 2012.

    Helix completes sale of oil and gas business

    Feb 6, 2013

    Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas subsidiary, to Talos Production LLC, a wholly owned subsidiary of Talos Energy LLC, a privately held Houston-based oil and gas company.

    Revenue, net income drop sharply in 3Q12

    Feb 1, 2013

    Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their decline in the third quarter of 2012. They dropped $23.4 billion (8%) from the previous quarter and were down $77 billion (24%) from the third quarter of 2011.

    WPX Energy makes natural gas discovery in Niobrara formation

    Jan 23, 2013

    Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado has the potential more than double the company’s current 18 trillion cubic feet equivalent of 3P reserves.

    Helix to divest oil and gas subsidiary to grow well intervention business

    Dec 13, 2012

    International offshore energy company Helix Energy Solutions Group Inc. has agreed to sell its oil and gas subsidiary to privately-held upstream oil and gas company Talos for roughly $700 million.

    Revenue takes a 20% dip, income down 10% in 2Q

    Nov 1, 2012

    Revenues in the second quarter of 2012 dropped sharply from the same quarter in 2011 – down $62.5 billion, or 20%, for the group of publicly-traded US-based companies track by Oil & Gas Journal and Oil & Gas Financial Journal.

    Income up 4% year over year in 1Q2012, but revenue is flat

    Aug 1, 2012

    Revenues in the first quarter of 2012 rose just 1% from the previous quarter and fell by 1% over the same quarter in 2011 for the group of publicly-traded, US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal.

    Revenue rises 23% from 3Q10, income up 41% over same period

    May 1, 2012

    Revenues in the fourth quarter of 2011 fell 6% from the previous quarter but increased by 12% over the same quarter in 2010 for the group of publicly-traded, US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal.

    Revenue rises 23% from 3Q10, income up 41% over same period

    Feb 1, 2012

    Revenues in the third quarter of 2011 dipped 3% over the second quarter but were still up 23% over the same quarter in 2010 for the group of publicly-traded, US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal.

    Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal fell slightly (1%) in the third quarter of 2013 compared to the second quarter. They were down even more (4%) compared to the same quarter in 2012. (As printed in the February 2014 issue of OGFJ.)

    Rank by total assets 3Q13         Company             Total assets $1,000
    1         ExxonMobil Corp.             347,564,000
    2         Chevron Corp.             247,838,000
    3         ConocoPhillips             119,760,000
    4         Occidental Petroleum             69,437,000
    5         Apache Corp.             60,239,000
    6         Anadarko Petroleum             55,294,000
    7         Chesapeake Energy             42,288,000
    8         Hess Corp.             41,896,000
    9         Devon Energy             40,846,000
    10         Marathon Oil             35,776,000

    OGJ150

    Gulfport Energy names Gaydosik CFO

    Jul 10, 2014 Gulfport Energy Corp. has appointed Aaron Gaydosik to serve as CFO. Most recently, Gaydosik served as vice president of finance at Kodiak Oil &...

    Revenue, net income show small increases in 4Q2012

    May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

    Helix completes sale of oil and gas business

    Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

    Revenue, net income drop sharply in 3Q12

    Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

    WPX Energy makes natural gas discovery in Niobrara formation

    Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...

    OGFJ100P

    Vantage Energy files for $400M IPO

    Jul 8, 2014

    Vantage Energy Inc., a privately-held oil and gas company, plans to raise approximately $400 million in an IPO. 

    Rock Oil increases capital commitment, adds to management

    Jun 10, 2014 Wells Fargo Energy Capital and BNP Paribas have made investments and capital commitments to Rock Oil Holdings LLC. In addition, Rock Oil has named ...

    AEPB acquires Permian leasehold for $2.5B

    Jun 9, 2014 American Energy – Permian Basin LLC, an affiliate of American Energy Partners LP, has signed an agreement to acquire approximately 63,000 net acres...

    FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

    Jan 31, 2014 FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Bas...

    OGFJ100P company update

    Jul 11, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

    Oil & Gas Companies

    Lime Petroleum gives up three licenses in North Sea

    Hibiscus Petroleum Bhd reports that its jointly controlled entity, Lime Petroleum Norway AS (Lime Norway) has decided to surrender PL509S, PL509BS and PL509CS, all of which are located in the North Sea, following the deadline for a drill or drop d...

    Strongbow set to prepare development plan for Compeer asset

    Strongbow Resources Inc. has begun preparing a development plan to drill its Compeer asset in Canada, which consists of eight sections (5,120 acres), in which Strongbow owns a 100% working interest, and is located in East Central Alberta.

    Roxi Petroleum makes discovery at BNG Contract Area in Kazakhstan

    Roxi Petroleum plc, a Central Asian oil and gas company with a focus on Kazakhstan, reports a discovery at its flagship BNG asset in the pre-Caspian basin in Western Kazakhstan.

    ERHC Energy provides operations update

    ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today issued an update on the company's progress.


    Hibiscus ups stakes in Gippsland Basin

    Malaysia's Hibiscus Petroleum Berhad group has signed a series of binding agreements with its Australian partner, 3D Oil Ltd., to increase its effective stake in both the VIC/L31 production license in Australia's Gippsland Basin which contains the...

    Repsol makes oil discovery in Trinidad and Tobago

    Repsol has made a new hydrocarbons discovery in the Teak field, offshore Trinidad and Tobago, in the TSP block east of the island of Trinidad.

    Pemex to invest $6B in Cantarell production

    Pemex plans to launch a $6 billion investment in 2017 to maintain current levels of production at its Cantarell field over the next decade, Reuters reports.

    Top 10 Year-to-Date Production ranked by BOE
    (as published in April 2014)

    Rank
    Company
    BOE
    1 Samson Investment Co. 40,992,740
    2 Merit Energy Co.
    39,027,029
    3 Hilcorp Energy Co.
    37,281,095
    4 GeoSouthern Energy Corp.
    31,782,152
    5 Mewbourne Oil Co.
    20,191,393
    6 LLOG Exploration Co. 19,407,249
    7 Yates Petroleum Corp. 18,136,036
    8 Chief Oil & Gas LLC
    16,690,314
    9 Endeavor Energy Resources 15,029,008
    10 Sheridan Production Co. LLC 14,424,066

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