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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

    Private company update

    Jul 8, 2015 Independent research firm IHS has provided OGFJ with updated production data for the OGFJ100P periodic ranking of US-based private E&P companie...

    Private company update

    Apr 10, 2015 Independent research firm IHS has provided OGFJ with updated production data for our OGFJ100P periodic ranking of US-based private E&P companie...

    LLOG makes deepwater Gulf of Mexico discovery

    Oct 23, 2014 Covington, LA-based LLOG Exploration and its partner, Ridgewood Energy, drilled a successful exploration test at the Mississippi Canyon 79 “Otis” p...

    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 ...

    Oil & Gas Companies

    Saudi Aramco restructures with creation of supreme board

    Following the January death of Saudi Arabia’s King Abdullah, the country has been reorganizing its energy industry, and this process has included the creation of a supreme board to oversee state-run Saudi Aramco, according to Bloomberg.   &nb...

    LINN plans to close Denver office, eliminate positions

    LINN Energy plans to eliminate 55 positions in Denver, Colorado, and close its office there, according to Fuel Fix, which reported that LINN stated its intentions in a letter to the Colorado Department of Labor and Employment.

    Petrobras discovers oil and gas in Amazon and Espírito Santos basins

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

    Gunvor Group to withdraw petition for PA Resources bankruptcy

    Gunvor Group has informed the company that it intends to withdraw its petition for bankruptcy in PA Resources AB.

    Statoil makes second gas discovery in Aasta Hansteen area

    Operator Statoil has, together with PL602 partners, made a gas discovery in the Roald Rygg prospect in the Norwegian Sea. This is the second Statoil discovery in the Aasta Hansteen area in 2015.

    IFR forms subsidiary for Mexico oil and gas initiative

    International Frontier Resources Corp. has formed a Mexican subsidiary, Petro Frontera SAPI de CV, that will allow for the study of, and bidding on, assets in Mexico's initial oil and gas Energy Reform bid round in 2015; the acquisition and partic...

    Calvalley to liquidate due to crisis in Yemen

    Calvalley Petroleum Inc.’s board of directors has decided to restructure and liquidate the company. Subsequently, Calvalley will enter into an arrangement agreement with Calvalley Energy Ltd. (CVE), a wholly owned subsidiary of Calvalley organized...

    Top 10 year-to-date production ranked by BOE
    (as published in April 2015)

    Rank
    Company
    BOE
    1 Hilcorp Energy Co.
    43,901,488
    2 Samson Investment Co.
    40,451,451
    3 Chief Oil & Gas LLC
    32,891,135
    4 Merit Energy Co.
    26,665,817
    5 LLOG Exploration Co.
    25,683,087
    6 Mewbourne Oil Co. 25,343,595
    7 Yates Petroleum Corp.
    18,478,610
    8 Endeavor Energy Resources
    15,390,132
    9 Citation Oil & Gas Corp.
    13,920,129
    10 Sheridan Production Co. LLC 13,633,239

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