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

More Strategy News

J-W Measurement Company changes name, makes leadership appointments

Following its acquisition by private equity firm White Deer Energy in July 2013 from J-W Energy Company, J-W Measurement Company has changed its name to Legacy Measurement Solutions.

CNG transportation: hype and reality

Challenges, likely effects of a shift to CNG as transportation fuel.

JPMorgan’s Jamie Dimon: US economy will ‘blow people’s socks off’

To put it mildly, Jamie Dimon is bullish on the US economy. The JPMorgan Chase CEO says the US economy is the strongest in the world and is about to get even better – and we can thank the domestic oil and gas industry for its significant contributions to our economic outlook.

Protect your company from field-level fraud in the oil patch

With every oil boom, comes fraud. Most of the attention centers on fraudulent stock scams, which hit the courts regularly in every state, especially those home to the big energy plays. What doesn't garner as much notice is fraud against oil and gas companies themselves.

IPAA launches 'Energy Tax Facts' campaign

The Independent Producers Association of America (IPAA) has launched a new educational campaign, Energy Tax Facts. This campaign and website (http://energytaxfacts.com) will explain the often complicated tax provisions and policies that apply to American independent producers.

Poll: Support for hydraulic fracturing exceeds opposition

A recent University of Texas poll asked respondents what they thought about a variety of energy issues, not the least of which was hydraulic fracturing. Interestingly, the poll actually shows how anti-energy activists are losing in their misinformation campaign against responsible shale development.

Court holds that BLM violated NEPA

A US District Court in Northern California has held that the US Bureau of Land Management violated the National Environmental Policy Act in its environmental assessment of federal leases in California by unreasonably relying on an earlier single-well development scenario that failed to adequately consider the development impact of fracking when used in combination with horizontal drilling techniques.

Salary guide: US oil and gas professionals among the world's highest paid

Oil and gas industry professionals based in the United States are the 6th best rewarded in the world, according to the Oil and Gas Global Salary Guide 2013 produced annually by expert recruiters Hays Oil & Gas and the jobsite, Oil and Gas Job Search.

Inside this month's OGFJ

We have an interesting lineup of articles for April, so I'm going to talk about them a little in this month's column. April's focus is on offshore activity, and the issue gets extra distribution at the annual Offshore Technology Conference, which begins in Houston on May 6.

Merrick helps companies retain information and knowledge after baby-boomers retire

In response to the industry safety and profitability concerns caused by the loss of experienced employees as the baby-boom generation reaches retirement age, Houston-based Merrick has created a software solution that ensures that the information and knowledge does not leave the company with the baby boomers, but stays on, helping companies ease the pain of this transition.

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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