OIL MARKETS

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SECTIONS: OGJ 150 | OGFJ 100P
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Cano Petroleum, Inc.

Cano Petroleum, Inc.

Cano Petroleum, Inc.
Unit 25, Suite 3200
801 Cherry Street
Fort Worth, TX 76102
817-698-0900

Cano Petroleum, Inc. (Amex:CFW) is an oil and gas company that utilizes secondary waterflood and enhanced oil recovery (EOR) methods to produce more oil from mature U.S. fields. The company's focus on enhanced recovery of existing onshore domestic oil fields eliminates exploration risk as well as the political and logistical uncertainties inherent in international operations. Cano’s business model allows it to operate successfully in a niche where larger independent and major oil companies are not structured to compete and its focus on domestic EOR currently faces minimal competition.

Latest Cano Petroleum News

Rex Energy names new CEO, president

State College, PA-based Rex Energy Corp. has appointed Thomas C. Stabley as its CEO and Patrick M. McKinney as its president.

New to energy, Circle Star acquires Texas assets

Ricketts to resign Cano CFO post

Michael J. Ricketts, senior vice president and CFO of Cano Petroleum Inc. will resign from those and all other positions he holds with Cano or any of its subsidiaries.

Blackhill Partners' Latimer to replace Johnson as Cano CEO

On February 11, 2011, Cano Petroleum Inc. announced the departure of S. Jeffrey Johnson as the company’s chief executive officer and chairman of the board.

Range Resources divests $330M non-core Ohio assets

Range Resources plans a $330 million divestiture of properties in Ohio to EV Energy Partners LP and certain institutional partnerships managed by EnerVest Ltd.

New $200M credit facility puts Resaca closer to Cano acquisition

Closing in conjunction with a proposed merger with Cano Petroleum Inc., Resaca Exploitation Inc. has received a new $200 million senior secured revolving credit facility provided by Union Bank NA.

Madison Williams spun out from Sanders Morris Harris Group

Madison Williams and Company, an integrated capital markets and advisory firm, has completed a management buyout of the principal capital markets business from Sanders Morris Harris Group.

Haynes and Boone to advise DOE

Haynes and Boone LLP joins a select number of law firms that will represent the US Department of Energy (DOE) in project finance and other transactions that support the development of alternative sources of 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

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.