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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

    Ophir Energy’s CFO steps down due to board reorganization

    Oct 20, 2014 Ophir Energy CFO Lisa Mitchell, will leave the company on Nov. 19. Her job was made redundant because Ophir has cut the number of its executive boa...

    Aqua Terra hires Harris as CEO

    Oct 20, 2014 Aqua Terra Water Management LP reports that current board member Mark Harris has been hired to serve as the CEO of Aqua Terra. In addition to his n...

    Busmire to succeed Griffin as Energy XXI CFO

    Oct 20, 2014 Energy XXI (Nasdaq:EXXI) (AIM:EXXI) has appointed Bruce W. Busmire to the position of CFO, replacing West Griffin who is stepping down effective Oc...

    Kosmos appoints Chambers as CFO

    Oct 17, 2014

    Kosmos Energy Ltd. reports that Thomas P. Chambers will join the company as senior vice president and CFO, effective Nov.  5.

    Independence Contract Drilling names HR exec

    Oct 16, 2014

    Independence Contract Drilling Inc. has appointed J. Scott Thompson as senior vice president of human resources and administration. 

    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

    Halliburton awarded mature field contracts from Petroamazonas

    Halliburton has signed long-term contracts with Ecuador's Petroamazonas to provide field development and project management, as well as drilling and completions services, across nine mature fields, including the Palo Azul, Lago Agrio, and Victor H...

    Gulf’s operations in China now called Gulf Oil China

    Gulf’s program for growth in China has reached another landmark stage, with the redefining of its operations in China under a new name: Gulf Oil (China) Co. Ltd.  

    Parkmead discovers gas field in Netherlands

    The Parkmead Group reports that a new gas field has been discovered in the Netherlands by the Group’s latest exploration well.

    Egypt signs exploration agreements

    Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, according to Reuters. The agreements cover seven exploration areas.

    Eni reports oil discovery in Ecuador

    Eni has made a significant oil discovery in Ecuador at the Oglan-2 exploration well located in Block 10, approximately 260 kilometers southeast of Quito. Early estimates suggest that the Oglan discovery potentially contains about 300 million barre...

    ZaZa Energy regains compliance with NASDAQ listing standards

    ZaZa Energy Corp. received a letter from the NASDAQ Stock Market on Sept. 5, advising that the company has regained compliance with Listing Rule 5550(a)(2), which requires the company to maintain a minimum closing bid price of $1.00 per share.

    Maersk Oil cuts quarter of Houston jobs

    As a result of the challenges of growing a non-operated exploration portfolio in the US Gulf of Mexico, Maersk Oil is downsizing its Houston workforce by more than 25% as the company focuses on other parts of the world, according to a report in th...

    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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