OIL MARKETS

Welcome to the Oil and Gas Financial Journal's Oil Markets Page containing news reported with the Oil & Gas Financial Industry perspective. Read the topic's highlights in the sections on this page below ro click on the sub-category you're interested in. 

SECTIONS: OGJ 150 | OGFJ 100P
COMPANIES | OIL MARKET WATCH


Petroflow Energy Ltd.

Petroflow Energy Ltd.

  Petroflow Energy LTD
1401 17th Street
Suite 310
Denver, CO 80202
303-296-7070

Petroflow’s primary development activity continues to be in our Hunton Resource Play in Oklahoma. We currently have three drilling rigs running continuously on this successful project. This makes Petroflow Energy (PEF) one of the most active public companies in this unique resource play. Since we entered into the Farmout to develop this play in April of 2005, we have spud forty three Hunton producers with thirty six currently on production and the other seven in various stages of completion and hook up. Production continues to ramp up, with most of these wells continuing some level of dewatering.

Latest Petroflow Energy News

Equal Energy announces new management, chairman

Equal Energy Ltd., an exploration and production oil and gas company, recently announced changes in senior management and the appointment of a new chairman of the board.

Burleson Cooke extends Marcellus reach; adds five to Pittsburgh office

The Houston energy law firm of Burleson Cooke has added five lawyers to its Pittsburgh office to better serve companies with an interest in the Marcellus Shale formation.

Petroflow sells Permian assets to reach amended credit agreement

In an ongoing effort to right itself, Petroflow Energy Ltd. is making additional changes, including naming Kyle R. Miller to the position of CEO, transitioning the corporate headquarters to Denver, and selling its Permian Basin properties to reduce debt.

Moodie resigns as Petroflow CFO

Duncan Moodie, CFO of Petroflow Energy Ltd. has resigned.

Parallel Petroleum enters $483M acquisition agreement

Midland, Tex.-based Parallel Petroleum Corp. will be acquired by an affiliate of Apollo Global Management LLC, a global alternative asset manager, for $483 million, including the assumption or repayment of roughly $351 million in debt.

Weaver and Tidwell taps new leader

Accounting firm Weaver and Tidwell LLP has named Tommy Lawler managing partner and CEO. Kerry Caves has been appointed to the COO position previously held by Lawler.

Petroflow Energy terminates Hunton acquisition

Petroflow Energy Ltd. has terminated a Letter of Intent (LOI) with a third party to acquire Hunton Resource Play assets.

In February, the company planned to acquire additional producing oil and gas assets in the play in Oklahoma. Internal valuations placed the value at roughly $46 million. 

Brigham makes public offering in hopes of restarting Bakken drilling

In an effort to fund its revised capital expenditure program for 2009, including restarting its operated Bakken and Three Forks drilling program in the Williston Basin, Brigham Exploration Co. has commenced an underwritten public offering of 30,000,000 shares of common stock.

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...

OGFJ 100P

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

WestSide prepares for Meridian gas field expansion

WestSide Corp. Ltd. reports that, as operator of the Meridian gas fields near Moura in Queensland’s southern Bowen Basin in Australia,  the first phase of the field’s expansion is on track to start within a month, when drilling begins on the ...

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.