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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

    First Reserve

    First Reserve Corporation is a private equity firm specializing in leveraged buyouts and growth capital investments in the energy sector. First Reserve was founded in 1984 and is the oldest and largest private equity fund dedicated to investments in the energy sector.

    News, Products and Stock Info

    First Reserve acquires Dixie Electric from One Rock Capital Partners

    12/19/2013 First Reserve, a large global private equity firm exclusively focused on energy, through First Reserve Fund XII, has acquired Dixie Electric LLC from private investment company One Rock Capital Par...

    First Reserve makes senior promotions

    12/12/2013

    First Reserve, a large global private equity firm exclusively focused on energy, has promoted two senior investment professionals within the Buyout Funds team.

    First Reserve to inject $9B into energy industry

    04/27/2009 In arguably one of the biggest financial transactions seen since before the credit crisis, energy industry investor, First Reserve Corp., has formed First Reserve Fund XII, a $9 billion private equ...

    First Reserve establishes $9 billion private equity fund for energy investment

    04/20/2009 First Reserve Corp. has formed a $9 billion fund, First Reserve Fund XII LP, to make privately negotiated equity and equity-related investments in a diversified portfolio of companies in the global...

    Stephens expands energy investment banking

    02/11/2009 Stephens Inc., a full-service investment banking and brokerage firm, has expanded its investment banking group. Six professionals, hailing from Energy Capital Solutions LP, will spearhead Stephens ...

    Denbury divests 60% of Barnett shale assets to Talon

    02/11/2009 Denbury Resources Inc. will sell 60% of its Barnett Shale natural gas assets for $270 million to Talon Oil & Gas LLC, a privately-held company.

    Berry Petroleum to make $300 million senior note offering

    02/11/2009 Independent oil and gas production and exploitation company Berry Petroleum Co. expects to publicly offer $300 million aggregate principal amount of senior notes due 2014 and intends to use the net...

    Houlihan Smith advises sale of Western Iowa Energy, Central Iowa Energy to Renewable Energy Group

    02/11/2009 Houlihan Smith & Co. Inc. acted as the exclusive financial advisor to Western Iowa Energy LLC and Central Iowa Energy LLC, in their sale to Renewable Energy Group.

    Tupi first oil claimed as trophy by Brazil's President Lula

    02/11/2009 What better day than Labor Day (May 1) for President Luiz Inacio Lula da Silva, a former lathe operator and union leader, to celebrate initial production of the largest field discovered in the Amer...

    First Reserve Website

     

    https://www.firstreserve.com/

    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

    Statoil adds acreage in Gulf of Mexico Central Lease Sale

    Statoil was the apparent high bidder on 14 leases in the US Department of the Interior’s central region Gulf of Mexico lease sale 235, which occurred in New Orleans, Louisiana.

    Petroceltic accepts resignation of two directors

    Petroceltic International plc, an Irish oil and gas exploration and production company based in Dublin, has accepted the resignations of two non-executive directors, Don Wolcott and Joe Mach, effective immediately.

    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.