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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

    Brown to join NiSource as finance EVP

    Mar 25, 2015 Donald Brown will join NiSource Inc. on April 6 as an executive vice president in the corporation's Finance organization. Brown is expected to be a...

    Former Hercules Offshore executive joins Falcon Energy

    Mar 25, 2015 Falcon Energy Group Ltd. has appointed James Willam Noe, a former executive vice president of Hercules Offshore Inc., as COO of its marine and...

    Statoil appoints COO

    Mar 25, 2015 Statoil has appointed Anders Opedal as executive vice president, and he will take on a new position as COO in the corporate executive committee on ...

    King & Spalding recruits Nelson to its Asia-Pacific energy team

    Mar 24, 2015

    King & Spalding has recruited Richard Nelson, one of Asia's energy lawyers, as a partner in its Singapore office.

    Millennium Pipeline names Happach as chief commercial officer

    Mar 24, 2015 The Millennium Pipeline Co. has appointed Ron Happach as the company’s chief commercial officer, for which he will be responsible for all commercia...

    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

    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 ...

    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...

    Oil & Gas Companies

    Statoil adds acreage in Gulf of Mexico Central Lease Sale

    Statoil was the apparent high bidder on 14 leases in the US Department of the Interior’s central region Gulf of Mexico lease sale 235, which occurred in New Orleans, Louisiana.

    Petroceltic accepts resignation of two directors

    Petroceltic International plc, an Irish oil and gas exploration and production company based in Dublin, has accepted the resignations of two non-executive directors, Don Wolcott and Joe Mach, effective immediately.

    ZaZa Energy updates on East Texas Lower Cretaceous operations

    ZaZa Energy Corp. has provided information on 30-day production results from its East Texas Colburn #3H horizontal well in Walker County, Texas, and the proposal of two new Buda-Rose vertical wells in its vicinity. 

    Ensco to cut onshore personnel by 15%

    On Feb. 17, Ensco plc began a workforce-reduction process, designed to reduce its onshore workforce by 15%, according to the Houston Business Journal.

    Statoil, partners submit development plan for Johan Sverdrup

    Statoil and its partners have submitted the plan for development and operation for Johan Sverdrup, Phase 1, to the Norwegian Ministry of Petroleum and Energy.

    Statoil, partners complete two-well program in Krafla area of North Sea

    Operator Statoil has, together with its PL035 partners, completed a two-well program in the Krafla area in the North Sea. The Krafla area is located 25 kilometers southwest of Oseberg South in the North Sea.

    Inpex begins production from Nasr field offshore Abu Dhabi

    Inpex Corp., through its wholly owned subsidiary, Japan Oil Development Co. Ltd. (JODCO), has begun oil production from the Nasr oil field offshore Abu Dhabi, UAE.

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

    Rank
    Company
    BOE
    1 Samson Investment Co.
    18,999,953
    2 Merit Energy Co. 18,176,701
    3 Hilcorp Energy Co. 15,532,534
    4 Mewbourne Oil Co. 11,994,351
    5 Yates Petroleum Corp. 10,136,440
    6 LLOG Exploration Co. 8,666,796
    7 Endeavor Energy Resources 7,631,409
    8 Sheridan Production Co. LLC 6,623,330
    9 Petro-Hunt Group
    6,472,332
    10 Slawson Exploration Co. Inc.
    6,451,652

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