OIL MARKETS

Welcome to the Oil and Gas Financial Journal's Oil Markets Page containing news reported with the Oil & Gas Financial Industry perspective. Read the topic's highlights in the sections on this page below ro click on the sub-category you're interested in. 

SECTIONS: OGJ 150 | OGFJ 100P
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

Luquette elected to McDermott’s board of directors

Apr 23, 2014

McDermott International Inc. has elected Gary P. Luquette non-executive chairman of McDermott’s board of directors, effective May 6.

Tokman to head Chilean state oil firm ENAP

Apr 22, 2014 Marcelo Tokman, formerly Chile's Minister of Energy and also president of the country's National Energy Commission, will take over as head of Chile...

Trendsetter promotes Downing to president

Apr 21, 2014 Trendsetter Engineering Inc. has promoted Ron Downing to the position of president.  Downing assumes this responsibility from Mario Lugo who r...

Endofa names Hoffmann CEO

Apr 17, 2014

Endofa, an independent marine fuel supplier and bunker trader, has named Lars Hoffmann as CEO.

Wilkinson Barker Knauer bolsters energy practice with new partner

Apr 17, 2014 Wilkinson Barker Knauer LLP reports that Susan Bergles has joined the firm as a partner, merging her natural gas regulatory practice with the firm’...

OGJ 150

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 ...

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 oi...

OGFJ 100P

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...

Maverick Brothers Energy gets $35M in equity capital from Post Oak Energy

Apr 8, 2013 Post Oak Energy Capital LP, through investment partnerships it manages, has commitment of $35 million in equity capital to privately held explorati...

Midstates Petroleum to acquire Anadarko Basin assets from Panther Energy

Apr 4, 2013

OGFJ100P company update

Jan 1, 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

Shell reports Malaysia deepwater gas discovery

Shell has announced an exploration discovery offshore Malaysia. The successful Rosmari-1 well is located 135 kilometers offshore in Block SK318, and was drilled to a total depth of 2,123 meters.

Cunningham Energy plans ‘Dragon’s Breath’ horizontal well program

Cunningham Energy LLC is planning three additional new shallow horizontal oil wells to be drilled in Clay County, West Virginia, from the “Dragon’s Breath” pad, with specified measured depths ranging from 4,750 feet to 5,200 feet.

L&L Energy to voluntarily delist from NASDAQ

L&L Energy Inc., a US-based company with energy (coal) operations in China, has notified NASDAQ Stock Market LLC of its intention to voluntarily delist its common stock (LLEN) from the NASDAQ.

Weatherford to move headquarters to Ireland

Weatherford International Ltd. has made plans to move its corporate headquarters from Switzerland to Ireland, after the Swiss government handed investors authority to rein in top-level executive pay.

Cantex Energy announces new president, headquarters

Cantex Energy Corp. reports that its board of directors has hired Paul Henley as CEO and president. Additionally, the company’s corporate headquarters will be moved to Dallas, Texas.

Weatherford to cut back Venezuela operations

This year, Weatherford International Ltd. plans to reduce its operations in Venezuela, while expanding its operations in Russia, according to Reuters.

Oil Basins receives grant for Derby Block

The Western Australian Department of Mines and Petroleum has confirmed to Oil Basins Ltd. that the grant of the Derby Block (formerly 5/07-EP), as Permit EP 487, has been made for a period of six years.

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

Rank
Company
BOE
1 Samson Investment Co. 32,181,116
2 Merit Energy Co.
29,824,995
3 Hilcorp Energy Co.
28,295,998
4 GeoSouthern Energy Corp.
23,714,996
5 Yates Petroleum Corp.
15,897,286
6 Mewbourne Oil Co.
15,330,821
7 LLOG Exploration Co. 12,205,680
8 Endeavor Energy Resources
11,376,893
9 Sheridan Production Co. LLC
11,117,132
10 Bass Companies
10,975,209

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