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

American Oil & Gas, Inc.

American Oil & Gas, Inc. is engaged in the exploration, development and acquisition of crude oil and natural gas reserves and production primarily in the western United States. American holds interest in over 450,000 gross acres, with a primary emphasis in the following projects

Latest American Oil & Gas News

Revenues increase by 5%, Net income dips 4% in 4Q

Revenue nudged upwards by 5% in the fourth quarter of 2010 compared with the prior quarter and was up 12% over the fourth quarter of 2009 for the group of companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal. Net income for this same group of companies fell by 4% compared to the prior quarter, but increased by 32% over the same quarter in 2009.

Experts weigh in on M&A market

During the past 12 months we have seen a dramatic turnaround in the merger and acquisitions market.

Oil shale deal flow heating up in Bakken, Niobrara

Since January 2009, the oil–to–gas pricing ratio has averaged 15:1, and it doesn't appear as if this will change anytime soon.

Oil shale deal flow heating up in Bakken, Niobrara

Since January 2009, the oil–to–gas pricing ratio has averaged 15:1, and it doesn't appear as if this will change anytime soon.

Rise Energy to bid $18.7M on newly-bankrupt Teton Energy

Denver-based Teton Energy Corp. has filed for Chapter 11 bankruptcy protection and filed a proposed reorganization plan that would allow Rise Energy Partners II LLC to purchase its assets for $18.7 million.

American Oil & Gas increases ownership in Bakken

American Oil & Gas Inc. has increased its working interest in the Bakken shale with separate transactions with Teton Energy Corp. and privately-held Evertson Energy Partners.

Chevron Australia starts gas production from $2.1B onshore LNG facility

Chevron Corp.'s subsidiary, Chevron Australia Pty Ltd., has produced first gas from the North West Shelf Venture's Train 5 onshore liquefied natural gas (LNG) facility at the Karratha Gas Plant in Western Australia.

The US $2.1 billion is expected to increase the joint venture's export capacity by up to 4.4 million tonnes of LNG annually to 16.3 million tonnes.

OGJ200 Report

The combined earnings of the OGJ200 group of companies surged in the second quarter of 2006 (2Q06), up 36% from the second quarter of last year.

LATEST OIL & GAS PEOPLE RELATED NEWS

Endofa names Hoffmann CEO

Apr 17, '14

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, '14

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

Spectra Energy names new board chair and lead director

Apr 17, '14

Spectra Energy Corp.'s board of directors has elected Gregory L. Ebel to serve as chair of the board of directors. The company also announced that F. Anthony Comper has been elected as independent lead director.

Flotek updates on senior appointment, acquisition

Apr 17, '14

Flotek Industries Inc. has appointed Amerr Mahgoub as vice president of Middle East business development, and has also closed its acquisition of SiteLark LLC.

CIT appoints Friant as managing director

Apr 15, '14

CIT Group Inc., a provider of financing and advisory services to small businesses and middle market companies, has appointed Todd Friant managing director of CIT Corporate Finance, Energy.

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

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.

Petronas and Shell find oil in Limbayong field offshore Sabah

Malaysia's national oil and gas company Petroliam Nasional Berhad (Petronas) and Royal Dutch Shell plc have made an oil discovery offshore Sabah, Malaysia.

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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