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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


    Devon Energy Corporation

    Latest Devon Energy News

    Former Anadarko CEO joins Riverstone Holdings

    Energy and power-focused private investment firm Riverstone Holdings LLC has added former Anadarko Petroleum Co. executive James T. Hackett to the firm as a partner and co-head of the Houston office.

    Devon Energy to form midstream MLP

    The board of Devon Energy Corp. (NYSE:DVN) has approved a plan to form a publicly traded midstream master limited partnership (MLP).

    Fiduciary obligations in the oil patch

    Devon Energy to close Houston office, transfer responsibilities, some employees to OK

    Devon Energy Corp. plans to consolidate its US personnel into a single operations group at its corporate headquarters in Oklahoma City. As a result, Devon will close its office in Houston and transfer operational responsibilities for assets in South Texas, East Texas and Louisiana to Oklahoma City.

    IHS: Too early to determine ‘sweet spots,’ but Utica Shale important US liquids-rich resource

    According to a recent report from IHS, although it is still premature to conclude that the Utica/Point Pleasant Shale play in Ohio and western Pennsylvania will be as productive as the Eagle Ford Shale in Texas, the Utica is in many ways analogous to the Eagle Ford and early drilling results are encouraging.

    Canadian shale holds great promise

    Aside from the Bakken shale play that extends north from the United States into the Canadian province of Saskatchewan, the Horn River Basin contains the best known shale deposits in western Canada.

    Energy XXI appoints Antonio de Pinho as SVP of Joint Ventures

    Energy XXI has appointed Antonio De Pinho to senior vice president of joint ventures and technology effective Sept. 4, 2012.

    Horizontal drilling boosts production in Mississippi Lime

    Technology typically used for drilling and completing wells in shale formations has created a resurgence of interest in a non-shale play, the Mississippi Lime in northern Oklahoma and southern Kansas.

    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

    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...

    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...

    Oil & Gas Companies

    Woodside delays Browse FLNG development

    Woodside Petroleum Ltd., as operator of the Browse FLNG development, advises that a revised schedule into front-end engineering and design (FEED) entry has been agreed by the Browse joint venture.

    Statoil recommended as Johan Sverdrup operator

    Statoil reports that the Johan Sverdrup partners have agreed to recommend Statoil as operator for all phases of the field.

    NZEC to close Vancouver office, focus on New Zealand upstream assets

    New Zealand Energy Corp. plans to close its Vancouver office while retaining its Canadian company registration and incorporation.

    CNOOC starts production on oil project in South China Sea

    CNOOC Ltd. reports that the Huizhou 25-8 Oilfield/Xijiang 24-3 Oilfield Xijiang 24-1 District Joint Development Project has begun production.

    Cue farms-in for stake in Mahato PSC in Sumatra

    Cue Energy Resources Ltd. reports the execution of a farm-in agreement with Bukit Energy Central Sumatra (Mahato) Pte Ltd. to acquire a 12.5% participating interest in the Mahato production sharing contract onshore Central Sumatra, Indonesia.

    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.