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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

    New Source names new VP of accounting and principal accounting officer

    New Source Energy Partners LP has appointed Amber Bonney as the company's new vice president of accounting and principal accounting officer.

    Devon Energy updates on executive moves for 2015

    Devon Energy Corp. reports that John Richels, the company’s president and CEO, plans to retire next year, effective July 31, 2015. Devon’s board of directors intends to elect Dave Hager, currently COO, to succeed Richels as president and CEO.

    Devon Energy sells $2.3B in US non-core assets to LINN

    As planned, Devon Energy Corp. has agreed to sell all of its non-core US oil and gas properties to Linn Energy for $2.3 billion, or approximately $1.8 billion after tax.

    Building out Permian crude gathering systems - Part 2

    Permian Basin crude producers are currently churning out over 1.5 MMb/d of crude from a basin that has produced oil since the 1920’s but is the center of a recent renaissance. With new production comes new demand for takeaway capacity and between January 2013 and the end of 2015, about 1 million barrels of new pipeline has been constructed or will come online directed towards Houston, Nederland and Corpus Christi, TX.  Today we continue our series on new Permian gathering infrastructure. This episode presents an overview of the mainline pipelines out of the Permian and the current centers of production activity and begins a survey of gathering systems with a new lateral addition to Occidental’s Centurion pipeline.

    Devon sells Canadian conventional assets

    Devon Energy Corp. has completed the sale of its Canadian conventional assets to Canadian Natural Resources Ltd. for C$3.125 billion. The company’s retained Canadian business will consist of its thermal heavy oil, Lloydminster, and Horn River assets.

    Industry Briefs

    Devon Energy and Crosstex create EnLink Midstream

    Devon Energy Corp., EnLink Midstream LLC, and EnLink Midstream Partners LP have completed the previously announced transaction to combine Devon’s US midstream assets with the assets of the former Crosstex Energy Inc. and Crosstex Energy LP. 

    Lucid Energy finalizes $200 million credit facility

    Lucid Energy Group LLC has finalized a $200 million revolving credit facility. The additional financing will be used to support Lucid’s aggressive growth strategy in the Permian Basin.

    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

    ZaZa Energy updates on East Texas Lower Cretaceous operations

    ZaZa Energy Corp. has provided information on 30-day production results from its East Texas Colburn #3H horizontal well in Walker County, Texas, and the proposal of two new Buda-Rose vertical wells in its vicinity. 

    Ensco to cut onshore personnel by 15%

    On Feb. 17, Ensco plc began a workforce-reduction process, designed to reduce its onshore workforce by 15%, according to the Houston Business Journal.

    Statoil, partners submit development plan for Johan Sverdrup

    Statoil and its partners have submitted the plan for development and operation for Johan Sverdrup, Phase 1, to the Norwegian Ministry of Petroleum and Energy.

    Statoil, partners complete two-well program in Krafla area of North Sea

    Operator Statoil has, together with its PL035 partners, completed a two-well program in the Krafla area in the North Sea. The Krafla area is located 25 kilometers southwest of Oseberg South in the North Sea.

    Inpex begins production from Nasr field offshore Abu Dhabi

    Inpex Corp., through its wholly owned subsidiary, Japan Oil Development Co. Ltd. (JODCO), has begun oil production from the Nasr oil field offshore Abu Dhabi, UAE.

    Petrobras finds oil at Basilisco well in Campos Basin

    Petroleo Brasileiro SA (Petrobras) has discovered new oil accumulations in concession BM-C-35 (exploratory block C-M-535), located in the Campos Basin post-salt layer offshore Brazil.

    Petrobras discovers more oil in Sergipe Basin offshore Brazil

    Petroleo Brasileiro SA (Petrobras) has confirmed the extension of its recent light oil and gas discovery by drilling the third extension well in the ultra-deepwater Farfan area of the Sergipe Basin offshore Brazil.