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

Sam Fletcher

Sam Fletcher is Texas born and raised.  Originally from East Texas Field, and reared in Permian Basin, he is third generation "oil field trash" from back when that was an insult intead of a bumper sticker.  In his youth, Sam hustled jugs on seismic crews, busted his knuckles maintaining gas processing plants and broke down old storage units as a roustabout.

Sam has a bacehlor's degree from the old Texas Technological College and a master's degree in mass communications from Texas Tech University.   He's been a news reporter for nearly 40 years and has covered the oil and gas industry since 1977 from Texas to Alaska and from Pennsylvania to California, with occasional sidetracks to Canada, South Africa, Saudi Arabia, Romania and the North Sea.

Sam has a trunkload of awards from industry groups and his peers.  He currently is on permanent "Market Watch" for the OGFJ sister publication Oil & Gas Journal.

MARKET WATCH: Oil prices slip; natural gas prices up

Aug 20, 2013

The September contract for benchmark US light, sweet crudes on the New York Mercantile Exchange decreased 36¢ to $107.10/bbl Aug. 19. The October contract dropped 43¢ to $106.86/bbl.

MARKET WATCH: Oil prices continue to climb on supply concerns

Aug 19, 2013

Crude oil future prices on markets in New York and London climbed on Aug. 16 while traders monitored continuing unrest in Egypt and as reports of tropical systems in the Atlantic prompted at least two companies to evacuate some workers from the Gulf of Mexico.

MARKET WATCH: Violence in Egypt drives up NYMEX crude prices

Aug 15, 2013

Crude oil futures prices ended slightly higher during a volatile trading session on the New York Mercantile Exchange Aug. 14 after the US Energy Information Administration reported crude inventories at their lowest level since Jan. 11, followed by reports of escalating civil unrest in Egypt.

MARKET WATCH: Oil prices climb pending US government report

Aug 14, 2013

Crude oil prices rose in late trading in New York Aug. 13 upon expectations that weekly US government inventory reports would show crude oil inventories at a 7-month low.

MARKET WATCH: Oil, gas close up in waffling markets

Aug 13, 2013

The September contract for benchmark US light, sweet crudes increased 14¢ to $106.11/bbl Aug. 12 on the New York Mercantile Exchange. The October contract also made gains, up 36¢ to $105.52/bbl.

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

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.

Oil Basins receives grant for Derby Block

The Western Australian Department of Mines and Petroleum has confirmed to Oil Basins Ltd. that the grant of the Derby Block (formerly 5/07-EP), as Permit EP 487, has been made for a period of six years.

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

Rank
Company
BOE
1 Samson Investment Co. 32,181,116
2 Merit Energy Co.
29,824,995
3 Hilcorp Energy Co.
28,295,998
4 GeoSouthern Energy Corp.
23,714,996
5 Yates Petroleum Corp.
15,897,286
6 Mewbourne Oil Co.
15,330,821
7 LLOG Exploration Co. 12,205,680
8 Endeavor Energy Resources
11,376,893
9 Sheridan Production Co. LLC
11,117,132
10 Bass Companies
10,975,209

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