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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

     

    Foothills Resources, Inc.

    Foothills Resources, Inc.

      Foothills Resources, Inc.
    4540 California Avenue, Suite 550
    Bakersfield, California 93309
    661-716-1320

    Foothills Resources, Inc. is a publicly traded, independent oil and gas company with primary operations in the Eel River Basin in northern California, the Texas Gulf Coast and the prolific Anadarko Basin in Oklahoma. Management’s expertise, quality assets and robust drilling inventory provide Foothills Resources with strong growth opportunities.
    Foothills has a balanced portfolio of oil and natural gas: 53% crude and 47% natural gas. Proved reserves at December 31, 2006 were 8.4 million barrels of oil equivalent, of which 54% is classified as proved developed. Probable reserves at the end of 2006 were approximately 3.7 MMBOE, bringing the total of proved and probable reserves to approximately 12.1 MMBOE with a PV-10 value of approximately $161 million. Net production at year-end 2006 was 690 barrels of oil-equivalent per day.
    Presenter: Dennis B. Tower - Chief Executive Officer

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    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

    Faroe, Lundin, and Cairn awarded exploration licenses in Norway

    Faroe Petroleum plc, Lundin Petroleum AB, and Cairn Energy have been awarded exploration licenses under the 2014 Norwegian APA (Awards in Pre-defined Areas) License Round.

    Óleo e Gás Participações loses two executives, reduces workforce 40%

    Brazilian oil and natural gas company Óleo e Gás Participações SA has advised its shareholders that Reinaldo José Belotti Vargas, production director, has resigned, and that Gilberto Carvalho Lima, exploration director, has been dismissed from the...

    Talisman Sinopec Energy UK plans to eliminate 300 jobs

    Talisman Sinopec Energy UK plans to eliminate 300 jobs due to plummeting oil prices and rising operating costs, according to Reuters.

    Pemex to save US$1.45B in four years by streamlining practices

    Over the next four years, Pemex expects to achieve efficiency savings of more than 21 billion pesos in the area of procurement and supply. Of these savings, 35% corresponded to 2014. The other 65% will be achieved from 2015 to 2018.

    Det norske reports production startup in Bøyla field

    Det norske oljeselskap ASA and partners of the PL 340 license have begun production in the Bøyla field. With that, Bøyla is the fourth field in production in the Alvheim area.

    Production starts up at Lucius oil field in Gulf of Mexico

    Eni reports that production has started up from the Lucius field in the Gulf of Mexico approximately 240 miles south of Louisiana.

    Inpex sees first oil from Lucius field in Gulf of Mexico

    Inpex Corp. reported first production on Jan. 16 at the Lucius oil field, which includes portions of Keathley Canyon blocks 874, 875, 918, and 919 in the US Gulf of Mexico. Inpex is involved in the project through subsidiary Teikoku Oil (North Ame...