OIL MARKETS

Welcome to the Oil and Gas Financial Journal's Oil Markets Page containing news reported with the Oil & Gas Financial Industry perspective. Read the topic's highlights in the sections on this page below ro click on the sub-category you're interested in. 

SECTIONS: OGJ 150 | OGFJ 100P
COMPANIES | OIL MARKET WATCH

Latest OGJ150 News

Revenue, net income show small increases in 4Q2012

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

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

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

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

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

International offshore energy company Helix Energy Solutions Group Inc. has agreed to sell its oil and gas subsidiary to privately-held upstream oi...

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

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...

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

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...

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

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 public...

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

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 public...

Part 1: Oil and gas company valuation, reserves, and production

The primary determinants of the value of an oil and gas company are its reserves, level of production, and commodity price at the time of assessment.

OGJ 150

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 ...

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 oi...

OGFJ 100P

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...

Maverick Brothers Energy gets $35M in equity capital from Post Oak Energy

Apr 8, 2013 Post Oak Energy Capital LP, through investment partnerships it manages, has commitment of $35 million in equity capital to privately held explorati...

Midstates Petroleum to acquire Anadarko Basin assets from Panther Energy

Apr 4, 2013

OGFJ100P company update

Jan 1, 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

Cunningham Energy plans ‘Dragon’s Breath’ horizontal well program

Cunningham Energy LLC is planning three additional new shallow horizontal oil wells to be drilled in Clay County, West Virginia, from the “Dragon’s Breath” pad, with specified measured depths ranging from 4,750 feet to 5,200 feet.

L&L Energy to voluntarily delist from NASDAQ

L&L Energy Inc., a US-based company with energy (coal) operations in China, has notified NASDAQ Stock Market LLC of its intention to voluntarily delist its common stock (LLEN) from the NASDAQ.

Weatherford to move headquarters to Ireland

Weatherford International Ltd. has made plans to move its corporate headquarters from Switzerland to Ireland, after the Swiss government handed investors authority to rein in top-level executive pay.

Cantex Energy announces new president, headquarters

Cantex Energy Corp. reports that its board of directors has hired Paul Henley as CEO and president. Additionally, the company’s corporate headquarters will be moved to Dallas, Texas.

Weatherford to cut back Venezuela operations

This year, Weatherford International Ltd. plans to reduce its operations in Venezuela, while expanding its operations in Russia, according to Reuters.

Oil Basins receives grant for Derby Block

The Western Australian Department of Mines and Petroleum has confirmed to Oil Basins Ltd. that the grant of the Derby Block (formerly 5/07-EP), as Permit EP 487, has been made for a period of six years.

Petronas and Shell find oil in Limbayong field offshore Sabah

Malaysia's national oil and gas company Petroliam Nasional Berhad (Petronas) and Royal Dutch Shell plc have made an oil discovery offshore Sabah, Malaysia.

OGJ150

Abraxas Petroleum Corp. MDU RESOURCES GROUP, Inc.
ADAMS RESOURCES & ENERGY Miller Petroleum, Inc.
Altex Industries, Inc. MCMORAN EXPLORATION CO.
APACHE CORPORATION MARATHON OIL CORPORATION
ANADARKO PETROLEUM CORP. MURPHY OIL CORP.
Aspen Exploration Corporation MEXCO ENERGY CORP
ATP Oil & Gas Corp NOBLE ENERGY, Inc.
Blue Dolphin Energy Co Ness Energy International, Inc.
Brigham Exploration Co NATIONAL FUEL GAS CO.
BLACK HILLS CORPORATION NEW FIELD EXPLORATION CO.
BERRY PETROLEUM COMPANY NGAS Resources, Inc.
Basic Earth Science Systems, Inc. Oakridge Energy, Inc.
Bayou City Exploration, Inc. ONEOK, Inc.
Capco Energy, Inc. OCCIDENTAL PETROLEUM CORPORATION
CHESAPEAKE ENERGY CORP. PERMIAN BASIN ROYALTY TRUST
CABOT OIL & GAS CORP. Petroleum Development Corporation
CONOCOPHILLIPS PANHANDLE OIL AND GAS, Inc.
CALLON PETROLEUM COMPANY Parallel Petroleum Corp
CREDO Petroleum CorpCOMSTOCK RESOURCES, Inc. PrimeEnergy Corp
CROSS TIMBERS ROYALTY PENN VIRGINIA CORP.
Carrizo Oil & Gas, Inc. PIONEER NATURAL RESOURCE CO.
CHEVRON CORPORATION PLAINS EXPLORATION & PRODUCTION COMPANY
Clayton Williams Energy, Inc. Cubic Energy, Inc.
DOMINION RESOURCES Quest Resource Corporation Class A
Double Eagle Petroleum Co Resource America, Inc.
Dorchester Minerals LP Royale Energy, Inc.
DENBURY RESOURCES, Inc. RANGE RESOURCES CORP
Delta Petroleum Corp SABINE ROYALTY TRUST
DTE ENERGY COMPANY SWIFT ENERGY
DEVON ENERGY CORPORATION STONE ENERGY CORPORATION
ENERGEN CORPORATION SAN JUAN BASIN ROYALTY TRUST UBI
EOG RESOURCES, Inc. ST. MARY LAND & EXPLORATION COMPANY
EL PASO CORPORATION Spindletop Oil & Gas Co
Edge Petroleum Corp./Delaware QUESTAR CORPORATION
ENERGY PARTNERS LTD. SOUTHWESTERN ENERGY COMPANY
EQT CORP TENGASCO, Inc.
EATON VANCE SHORT DURATION DIVERSIFIED INCOME FUND TRI-VALLEY CORP
FORREST OIL CORPORATION THE MERIDIAN RESOURCE CORPORATION
FX Energy, Inc. Toreador Resources Corp
GOODRICH PETROLEUM CORP. Texas Vanguard Oil Company
GeoResources, Inc. TXCO RESOURCES, Inc.
GMX Resources, Inc. United Heritage Corporation
Gulfport Energy Corp. UNIT CORPORATION
GASCO ENERGY, Inc. ULTRA PETROLEUM CORP.
Hallador Petroleum Company WHITING PETROLEUM CORPORATION
Infinity Energy Resources, Inc. WILLIAMS COMPANIES
QUICKSILVER RESOURCES, Inc. CIMAREX ENERGY CO
CHENIERE ENERGY, Inc. Exxon Mobil
LL&E ROYALTY TRUST XTO ENERGY, Inc.
CONTANGO OIL & GAS CO.

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

Rank
Company
BOE
1 Samson Investment Co. 32,181,116
2 Merit Energy Co.
29,824,995
3 Hilcorp Energy Co.
28,295,998
4 GeoSouthern Energy Corp.
23,714,996
5 Yates Petroleum Corp.
15,897,286
6 Mewbourne Oil Co.
15,330,821
7 LLOG Exploration Co. 12,205,680
8 Endeavor Energy Resources
11,376,893
9 Sheridan Production Co. LLC
11,117,132
10 Bass Companies
10,975,209

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