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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

    Shale gas: a global game changer

    Ten years ago, few crystal balls foresaw the lightning impact and development of shale gas on the world's energy scene. In the last 10 years — during which shale gas became commercial in the US — its use has grown from near zero to about 20% of the already enormous US gas stream.

    Berry Petroleum names Hadden, Reddin to board

    Publicly traded independent oil and gas production and exploitation company Berry Petroleum Co. has elected Stephen J. Hadden and Michael S. Reddin to the board of directors.

    'Old' Barnett Shale play still yields some surprises

    The Barnett Shale gas play of North Central Texas may be the grandfather of shale gas plays in the United States, but it is still making news.

    Net income dips by $2.7B, but still up 42% over 3Q09

    While revenues have made a rebound from the economic doldrums of 2009, net income for the OGJ150 group of companies slipped a little in the third quarter of 2010, with a few notable exceptions.

    Worldwide upstream oil, gas asset acquisitions top record high $107B in 2010

    Worldwide transactions involving upstream oil and gas assets reached a record $107 billion in 2010, according to preliminary results in the IHS Herold 2011 Global Upstream M&A Review, to be released by research firm IHS.

    BP to sell certain Gulf of Mexico fields to Marubeni

    As BP looks to secure funds to pay for this summer's Deepwater Horizon oil spill in the Gulf of Mexico, the company is selling its recently-acquired interests in four mature producing fields in the US Gulf of Mexico to Japan's Marubeni for $650 million.

    New partnership rules shake up shale deals

    Price volatility fosters changing business models for gas players

    New partnership rules shake up shale deals

    Price volatility fosters changing business models for gas players

    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

    Private company update

    Apr 10, 2015 Independent research firm IHS has provided OGFJ with updated production data for our OGFJ100P periodic ranking of US-based private E&P companie...

    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...

    Oil & Gas Companies

    Petrobras discovers oil and gas in Amazon and Espírito Santos basins

    Petróleo Brasileiro SA (Petrobras) has confirmed the discoveries of oil and gas accumulations in Brazil’s Amazon and Espírito Santos basins.

    Gunvor Group to withdraw petition for PA Resources bankruptcy

    Gunvor Group has informed the company that it intends to withdraw its petition for bankruptcy in PA Resources AB.

    Statoil makes second gas discovery in Aasta Hansteen area

    Operator Statoil has, together with PL602 partners, made a gas discovery in the Roald Rygg prospect in the Norwegian Sea. This is the second Statoil discovery in the Aasta Hansteen area in 2015.

    IFR forms subsidiary for Mexico oil and gas initiative

    International Frontier Resources Corp. has formed a Mexican subsidiary, Petro Frontera SAPI de CV, that will allow for the study of, and bidding on, assets in Mexico's initial oil and gas Energy Reform bid round in 2015; the acquisition and partic...

    Calvalley to liquidate due to crisis in Yemen

    Calvalley Petroleum Inc.’s board of directors has decided to restructure and liquidate the company. Subsequently, Calvalley will enter into an arrangement agreement with Calvalley Energy Ltd. (CVE), a wholly owned subsidiary of Calvalley organized...

    Statoil confirms oil discovery in Gulf of Mexico

    Statoil has made an oil discovery in its Miocene Yeti prospect located in the Gulf of Mexico.

    Zion granted approval of Megiddo-Jezreel annexation in Israel

    Zion Oil & Gas Inc. says that, on March 29, the State of Israel's Minister of Infrastructure, Energy, and Water Resources approved the annexation of 67,950 dunam (16,791 acres) into Zion's existing Megiddo-Jezreel Petroleum Exploration License...