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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

    Aera Energy LLC

    California oil and gas producer with operating properties extending from the LA Basin in the south to the Sacramento Delta in the north.  Formed in June 1997 and jointly owned by affiliates of Shell and ExxonMobil.

    Latest Aera Energy News

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

    The value of an oil and gas company value is determined by its reserves, level of production, earnings, growth potential, production cost, commodity price at the time of the assessment, and a number of secondary factors.

    California-based Aera Energy ranks first among largest US private oil producers

    According to the IPAA, about 90% of US oil and gas production comes from independent operators.

    OGFJ100P company update

    John S. Herold Inc., the trusted independent research firm, has once again provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies. These rankings are based on operated production only within the United States.

    OGFJ100P Company Update

    John S. Herold Inc., the trusted independent research firm, has once again provided OGFJ with updated production data for our periodic ranking of US-based private E&P companies.

    California’s Aera Energy again No. 1 among private producers in OGFJ100P

    Aera Energy LLC again holds a commanding lead as the No. 1-ranked company in total production for 2005.

    Orchard Petroleum signs final two deals with Aera

    Orchard Petroleum Limited and Orchard Petroleum Inc. (OP Inc.) a wholly-owned subsidiary of Orchard, have signed two new project agreements with Aera Energy LLC.

    Merit Energy No. 1 in gas production, Aera Energy leads OGFJ100P in liquids

    In the July issue of Oil & Gas Financial Journal, we gave you the first-ever rankings of the top 122 privately-held US-based E&P companies in total production (barrels of oil equivalent, or boe) for 2004.

    California's Aera Energy is No. 1 among private producers in inaugural OGFJ100P

    Information is readily available about public companies because they are highly regulated and public disclosure is a requirement, but private companies tend to keep their business confidential and out of the public domain.

    LATEST OIL & GAS PEOPLE RELATED NEWS

    New Zealand's PEPANZ appoints new CEO

    Jul 29, 2014 The Petroleum Exploration & Production Association of New Zealand (PEPANZ) has appointed Cameron Madgwick as the organization's new CEO. He wil...

    Turner Valley appoints Helm as CEO and chairman

    Jul 29, 2014

    Turner Valley Oil & Gas Inc. has appointed Stephen C. Helm as CEO and chairman.

    US State Department names Hochstein as acting energy envoy

    Jul 28, 2014

    The US State Department has named Amos Hochstein as acting head of the Bureau of Energy Resources, effective Aug. 1, according to Reuters.

    Osage appoints Holcombe to board of directors

    Jul 28, 2014 Osage Exploration and Development Inc., an independent exploration and production company focused on the Horizontal Mississippian and Woodford play...

    Locke Lord adds Schumacher to energy practice

    Jul 28, 2014 Locke Lord LLP has added Jason Schumacher as partner in the Corporate Department and Energy Practice Group. He will operate out of the firm’s Dalla...

    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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