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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

    Wilson joins Sidley Austin in Singapore as partner

    May 21, 2015

    Charlie Wilson will be joining Sidley Austin LLP in Singapore as a partner in the firm’s M&A and Private Equity practices.

    Wintershall new chairman starts June 1; company ceases operations in Qatar

    May 21, 2015 Wintershall confirms that the change at the company’s helm will come about a month earlier: Mario Mehren will take over as chairman of the board of...

    Shell updates on directorate change

    May 21, 2015 Further to the announcement by Royal Dutch Shell plc on Oct. 30, 2014, Jorma Ollila stood down as chairman and a director of the company with effec...

    NCS Multistage creates Corporate Technology Group; makes executive appointments

    May 21, 2015 NCS Multistage LLC has created a Corporate Technology Group that will focus on new technology research and development, including identifying and c...

    Caiman Energy and Blue Racer Midstream appoint new CEO and CFO

    May 21, 2015 Stephen Arata has been named CEO of both Caiman Energy II LLC and Blue Racer Midstream LLC, following Jack Lafield’s resignation as CEO of both com...

    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

    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 ...

    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...

    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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