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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

    Ultra Petroleum

    (UPL)

    Ultra Petroleum Corp., an independent oil and gas company, engages in the acquisition, exploration, development, production, and operation of oil and natural gas properties in the United States. It primarily focuses on developing a tight gas sand trend located in the Green River Basin of southwest Wyoming; and assessing, exploring, and developing its position in the Marcellus Shale and other horizons located in the north-central Pennsylvania area of the Appalachian Basin.

    News, Products and Stock Info

    IPAA elects new chairman and vice chairman

    11/15/2013

    IPAA announced the election of Mike Watford as chairman of IPAA and Mark Miller as vice chairman of IPAA for the upcoming 2013-2015 term.

    Ultra Petroleum takes big step to diversify into oil

    10/21/2013

    Ultra Petroleum Corp. (NYSE: UPL) has signed a definitive purchase and sale agreement to acquire oil-producing properties located in the Uinta Basin in northeast Utah for $650 million.

    Ultra Petroleum reaches $225M Pinedale midstream agreement

    12/10/2012

    Houston-based Ultra Petroleum Corp. has agreed to sell certain midstream assets in Wyoming to Pinedale Corridor LP for $225 million in cash.

    Temporary ban impacts Niobrara plans for Ultra Petroleum

    12/01/2011 A temporary drilling moratorium spanning Banning Lewis Ranch in eastern Colorado Springs and enacted by the city has halted certain activity by Ultra Petroleum in the Niobrara Shale area, said Glob...

    Net income dips by $2.7B, but still up 42% over 3Q09

    02/01/2011 While revenues have made a rebound from the economic doldrums of 2009, net income for the OGJ150 group of companies slipped a little in the third quarter of 2010, with a few notable exceptions.

    US producers show steady gain in revenues, net income for 2Q10

    11/01/2010 It's become clear that the domestic oil and gas industry in the United States has made a dramatic comeback since financials fell into a deep pit in late 2008 and early 2009.

    Madison Williams initiates coverage of US exploration, production industry

    09/10/2010 Madison Williams and Co., a New York-based integrated capital markets and investment banking firm, has initiated coverage of the US Exploration & Production Industry under senior equity researc...

    Revenues, net income continue to rise for US producers in 1Q10

    08/01/2010 Total revenues and net income continued to rise in the first quarter of 2010 for the OGJ150 group of companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal.

    Ultra Petroleum acquires Marcellus acreage for $400M

    12/21/2009 Ultra Petroleum Corp. has signed a purchase and sale agreement to acquire approximately 80,000 (net) acres in the Pennsylvania Marcellus Shale, from a private company for $400 million, less the ass...

    Marcellus projects rival Haynesville core

    11/16/2009

    Ultra Petroleum Website

    http://www.ultrapetroleum.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.