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Dune Energy, Inc.

  Dune Energy, Inc.
Two Shell Plaza
777 Walker Street Suite 2450
Houston, Texas 77002

Dune Energy, Inc. (“DNE”) is an independent exploration and development company with operations focused along the Louisiana/Texas Gulf Coast and the Barnett Shale in the North Texas Fort Worth Basin. Dune operates over 90% of its production and typically maintains a 100% WI. Pro forma reserves as of January 1, 2007 totaled 142 BCFE. Dune presently has an interest in 23 producing fields and 110,000 gross acres along the Gulf Coast, largely supported by a 3D seismic library, as well as 28 producing wells and 8,000 gross acres in the Barnett Shale. For the next several years, Dune intends to focus on exploitation of its underdeveloped properties through extensional drilling and low risk stepouts. Dune has a 2 + year current drilling inventory on Gulf Coast properties as well as a multi year Barnett Shale inventory. Approximately 70% of the pro forma 2007 budget of $127 million will be dedicated to PUD drilling and facilities, with the remainder earmarked for exploration.

Latest Dune Energy News

Energy Players

Energen buys SandRidge Permian acreage for $110M

Energen Corp.'s oil and gas exploration and production company, Energen Resources Corp., has purchased 40,000 acres in the Permian Basin from SandRidge Energy Inc. for $110 million.

Industry Briefs

Eni Petroleum Co. Inc. has agreed to buy Dominion’s oil and gas interests in the Gulf of Mexico for $4.757 billion.

Energy Players

David Newman, chairman of Austral Pacific Energy Ltd.’s board of directors has accepted the resignation of CEO, Rick Webber.

Industry Briefs

RigNet Inc., a global provider of managed communication services for the upstream oil and gas industry, and LandTel Communications, a US supplier of land, coastal, and offshore oilfield communications have merged.

Industry Briefs

The folks at Dynegy Inc. have been busy restructuring and preparing for growth. At the company’s annual shareholders’ meeting, Bruce A. Williamson, chairman, president and CEO, discussed the progress of the past year - including the completion of a multi-year self-restructuring initiative - and the company’s current focus on developing growth opportunities for its midstream natural gas and power generation business.

Energy Players

Hugh Idstein has joined Dune Energy Inc. as the company’s CFO.

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...


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.