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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

    SandRidge Energy Inc.

    (SD)

    SandRidge Energy focuses on drilling low-risk, conventional, high rate-of-return oil wells in shallow carbonate reservoirs. Based in Oklahoma City, SandRidge Energy is the primary developer of the Mississippian Oil Play, with valuable assets in the Gulf of Mexico.

    News, Products and Stock Info

    SandRidge files registration statement for MidCon Midstream IPO

    10/27/2014 SandRidge Energy Inc. reports that its wholly owned subsidiary MidCon Midstream LP has filed a registration statement on Form S-1 with the US Securities and Exchange Commission relating to its prop...

    SandRidge increases borrowing base, extends credit facility

    10/23/2014 SandRidge Energy Inc. has increased the borrowing base and extended the maturity of its senior credit facility. The new, five-year agreement with 27 lending institutions has a maximum facility size...

    SandRidge hires EVP, president of Saltwater Gathering Operations

    10/10/2014

    SandRidge Energy Inc. has appointed Kevin C. Clement to the role of executive vice president and president of Saltwater Gathering Operations.

    New Gulf Resources adds to management team

    10/03/2014 New Gulf Resources LLC (NGR) has hired two new members to augment its management team. Danni Morris, former treasurer of WPX Energy Inc., will become NGR's CFO, and Michael Brown, former vice ...

    Energen buys Permian acreage from SandRidge for $110M

    12/13/2010 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 plus stand...

    SandRidge Energy, Arena Resources amend merger agreement

    06/04/2010 SandRidge Energy Inc. and Arena Resources Inc. have agreed to amend the merger agreement under which SandRidge will acquire Arena. The amendment allows for a “go-shop” period, an increa...

    SandRidge Energy to acquire Arena Resources

    04/05/2010

    Oklahoma City, OK-based SandRidge Energy Inc. has signed an agreement to acquire Arena Resources Inc. in a cash and stock transaction valued at nearly $1.6 billion.

    SandRidge Energy offers $450M senior notes to fund acquisition

    12/11/2009

    Oklahoma City-based SandRidge Energy Inc. has priced its private placement of $450 million of 8 3/4% senior notes due January 15, 2020.

    Forest to sell remaining Permian Basin assets

    11/30/2009

    Forest Oil Corp. intends to sell the remainder of its Permian Basin properties in West Texas and New Mexico to SandRidge Exploration and Production LLC, for roughly $800 million.

    SandRidge to pay $230M for bankrupt Crusader; adds to board

    09/28/2009

    Oklahoma City-based SandRidge Energy Inc. has agreed to a $230 million cash and stock purchase of bankrupt Crusader Energy Group Inc. 

    SandRidge Energy Inc. Website

    http://www.sandridgeenergy.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

    NZEC to close Vancouver office, focus on New Zealand upstream assets

    New Zealand Energy Corp. plans to close its Vancouver office while retaining its Canadian company registration and incorporation.

    CNOOC starts production on oil project in South China Sea

    CNOOC Ltd. reports that the Huizhou 25-8 Oilfield/Xijiang 24-3 Oilfield Xijiang 24-1 District Joint Development Project has begun production.

    Cue farms-in for stake in Mahato PSC in Sumatra

    Cue Energy Resources Ltd. reports the execution of a farm-in agreement with Bukit Energy Central Sumatra (Mahato) Pte Ltd. to acquire a 12.5% participating interest in the Mahato production sharing contract onshore Central Sumatra, Indonesia.

    Halliburton awarded mature field contracts from Petroamazonas

    Halliburton has signed long-term contracts with Ecuador's Petroamazonas to provide field development and project management, as well as drilling and completions services, across nine mature fields, including the Palo Azul, Lago Agrio, and Victor H...

    Gulf’s operations in China now called Gulf Oil China

    Gulf’s program for growth in China has reached another landmark stage, with the redefining of its operations in China under a new name: Gulf Oil (China) Co. Ltd.  

    Parkmead discovers gas field in Netherlands

    The Parkmead Group reports that a new gas field has been discovered in the Netherlands by the Group’s latest exploration well.

    Egypt signs exploration agreements

    Egypt has signed oil and gas exploration deals worth $187 million with several Western companies and a Tunisian firm, according to Reuters. The agreements cover seven exploration areas.

    Top 10 Year-to-Date Production ranked by BOE
    (as published in October 2014)

    Rank
    Company
    BOE
    1 Samson Investment Co.
    18,999,953
    2 Merit Energy Co. 18,176,701
    3 Hilcorp Energy Co. 15,532,534
    4 Mewbourne Oil Co. 11,994,351
    5 Yates Petroleum Corp. 10,136,440
    6 LLOG Exploration Co. 8,666,796
    7 Endeavor Energy Resources 7,631,409
    8 Sheridan Production Co. LLC 6,623,330
    9 Petro-Hunt Group
    6,472,332
    10 Slawson Exploration Co. Inc.
    6,451,652

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