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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

    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

    Maersk Oil cuts quarter of Houston jobs

    As a result of the challenges of growing a non-operated exploration portfolio in the US Gulf of Mexico, Maersk Oil is downsizing its Houston workforce by more than 25% as the company focuses on other parts of the world, according to a report in th...

    Pemex begins post-reform corporate makeover

    Pemex has begun a corporate restructuring following the approval earlier this month of a historic energy overhaul that ended Pemex's decades-long monopoly, according to a Reuters report.

    NOC chairman to replace acting Libya oil minister

    Libya's acting oil minister Omar Shakmak will resign and will be replaced by the chairman of the state oil firm National Oil Corp. (NOC), Mustafa Sanallah, according to a Reuters report.

    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.