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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

    Linn Energy

    (LINE)

    LINN Energy has grown from a handful of natural gas wells in 2003 to a top-15 independent U.S. E&P company with approximately 4.8 Tcfe of proved reserves in producing U.S. basins as of Dec. 31, 2012.

    News, Products and Stock Info

    PXD sells Hugoton, Barnett assets for $495M

    08/05/2014 Working to redeploy capital to its oily Sprayberry and Wolfcamp assets in the Permian Basin, Dallas-based Pioneer Natural Resources Co. has agreed to sell all of its assets in the Hugoton field and...

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

    06/30/2014

    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.

    LINN Energy, LinnCo, Berry Petroleum merger approved

    12/16/2013 LINN Energy LLC, LinnCo LLC, and Berry Petroleum Co. report that unitholders and shareholders of the three entities have approved the previously announced merger and related transactions between th...

    LINN Energy prices 10M unit offering at $35.92

    12/09/2010

    LINN Energy LLC plans to sell 10 million units in a public offering expected to raise between $344 million and $396 million.

    LINN expands Permian Basin acreage for $305M

    03/30/2010

    LINN Energy LLC has added to its oil and natural gas assets in the Permian Basin with a recent $305 million acquisition.

    LINN Energy to acquire Atrim Shale properties for $330M

    03/23/2010 Midstream energy company LINN Energy LLC has agreed to purchase natural gas properties in the Antrim Shale from HighMount Exploration & Production LLC for $330 million and plans to partially fu...

    Ellis takes over president, CEO role at LINN Energy

    01/12/2010

    LINN Energy LLC has named Mark E. Ellis president and CEO and has been appointed to the company’s board of directors, effective January 1, 2010.

    Ellis to succeed Linn as LINN Energy CEO

    06/11/2009 Starting January 2010, Mark E. Ellis will take over the role as CEO of LINN Energy LLC. He currently holds the position of president and COO. Michael C. Linn, currently chairman and CEO, will becom...

    SemGroup files bankruptcy reorganization plan

    02/11/2009 SemGroup LP, a provider of midstream services to the energy industry, and certain of its subsidiaries have filed their Plan of Reorganization and related Disclosure Statement with the US Bankruptcy...

    MarkWest Energy Partners, ArcLight Capital form Arkoma Connector Joint Venture

    02/11/2009 Midstream energy company MarkWest Energy Partners LP and ArcLight Capital Partners LLC have formed a joint venture dedicated to the construction and operation of the Arkoma Connector pipeline.

    Linn Energy Website

    http://www.linnenergy.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

    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...

    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...

    Oil & Gas Companies

    Lucas granted NYSE MKT compliance plan extension

    Lucas Energy Inc. reports that the NYSE MKT notified the company that it has been granted an extension until Oct. 31 to regain compliance with the NYSE MKT continued listing standards.

    Lime Petroleum gives up three licenses in North Sea

    Hibiscus Petroleum Bhd reports that its jointly controlled entity, Lime Petroleum Norway AS (Lime Norway) has decided to surrender PL509S, PL509BS and PL509CS, all of which are located in the North Sea, following the deadline for a drill or drop d...

    Strongbow set to prepare development plan for Compeer asset

    Strongbow Resources Inc. has begun preparing a development plan to drill its Compeer asset in Canada, which consists of eight sections (5,120 acres), in which Strongbow owns a 100% working interest, and is located in East Central Alberta.

    Roxi Petroleum makes discovery at BNG Contract Area in Kazakhstan

    Roxi Petroleum plc, a Central Asian oil and gas company with a focus on Kazakhstan, reports a discovery at its flagship BNG asset in the pre-Caspian basin in Western Kazakhstan.

    ERHC Energy provides operations update

    ERHC Energy Inc., a publicly traded American company with oil and gas assets in Sub-Saharan Africa, today issued an update on the company's progress.


    Hibiscus ups stakes in Gippsland Basin

    Malaysia's Hibiscus Petroleum Berhad group has signed a series of binding agreements with its Australian partner, 3D Oil Ltd., to increase its effective stake in both the VIC/L31 production license in Australia's Gippsland Basin which contains the...

    Repsol makes oil discovery in Trinidad and Tobago

    Repsol has made a new hydrocarbons discovery in the Teak field, offshore Trinidad and Tobago, in the TSP block east of the island of Trinidad.