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  • UPSTREAM

    SECTIONS: INTERNATIONAL | NORTH AMERICA

     

    LATEST UPSTREAM NEWS

    Matador prices public offering of common stock

    Apr 17, 2015

    Matador Resources Co. has priced an underwritten public offering of 7,000,000 shares of its common stock. Total estimated proceeds of the offering to Matador, before estimated offering expenses, are $189 million. The offering is expected to close on April 21.

    Post Oak Energy Capital commits $150 million to PetroEdge Energy IV

    Apr 16, 2015

    Post Oak Energy Capital has made a $150 million capital commitment to PetroEdge Energy IV LLC. PetroEdge’s management team will be co-investing alongside Post Oak. 

    Matador begins public offering of common stock

    Apr 16, 2015

    Matador Resources Co. has begun an underwritten public offering of 7,000,000 shares of its common stock.

    GreenHunter Resources secures $16M senior secured term loan

    Apr 15, 2015

    GreenHunter Resources Inc. has entered into an agreement for a senior secured term note financing of up to $16 million.

    EIA predicts US crude oil production will continue to rise despite falling prices

    Apr 15, 2015

    The US Energy Information Administration predicts that, despite falling crude oil prices, US crude production will still manage to rise to 10.6 million barrels per day in 2020, a million barrels more than was predicted in 2014, and that, by 2040, US production should settle out at 9.4 million bpd.

    EIA: US shale production set to record first drop in four years

    Apr 14, 2015

    The US Energy Information Administration’s monthly drilling report, released April 13, says that oil production from US shale plays is expected to decline 45,000 barrels per day (bpd) to 4.98 million bpd in May from 5.02 million bpd in April – marking this as the first such monthly decline seen in over four years.

    GreenHunter Resources names Pagen as VP, business development

    Apr 14, 2015

    GreenHunter Resources Inc., a diversified water resource, waste management, environmental services, and hydrocarbon marketing company specializing in unconventional oil and natural gas shale resource plays, has appointed Melissa Pagen as vice president of business development, effective April 15.

    Northern reaffirms borrowing base at $550M

    Apr 14, 2015

    Northern Oil and Gas Inc.'s bank syndicate group has reaffirmed and maintained the existing $550 million borrowing base under Northern's revolving credit facility during the semi-annual redetermination period. 

    Gatwick oil discovery estimates wildly optimistic, says GlobalData analyst

    Apr 14, 2015

    The recent announcement by exploration firm UK Oil & Gas Investments (UKOG) that there could be up to 100 billion barrels of oil onshore beneath the South of England area, following its discovery at a well near Gatwick airport, is wildly optimistic, says an analyst with research and consulting firm GlobalData.

    Quantum Energy Partners funds new Houston-based Rockcliff Energy

    Apr 13, 2015

    Following the sale of QR Energy LP to Breitburn Energy Partners LP, QR Energy CEO Alan Smith has formed a new company, Houston-based Rockcliff Energy LLC, of which he is president and CEO, according to the Houston Business Journal. Rockcliff has received $350 million in funding from Quantum Energy Partners.

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    INTERNATIONAL UPSTREAM

    Carnarvon to explore two permits in Barrow sub-basin

    Jun 5, 2014

    Carnarvon Petroleum Ltd. has been awarded two contiguous blocks on the eastern flank of the prolific oil producing Barrow sub-basin: Petroleum Exploration Permit EP-490 (bid block L11-6) and TP/27 (bid block T11-3) offshore Western Australia. Carnarvon is the operator and 100% working interest holder in these blocks, which cover a total area of 675 square miles (1,750 square kilometers).

    Report predicts surge in world subsea expenditure

    Jun 5, 2014

    Global subsea hardware capex could total $117 billion between 2014 and 2018, according to Douglas-Westwood’s latest market forecast.

    Hitachi Solutions Canada to unveil JV solution for oil and gas industry

    Jun 4, 2014

    Hitachi Solutions Canada, a global provider of industry solutions based on Microsoft Dynamics AX, will be launching an oil and gas joint venture solution using Microsoft Dynamics AX 2012.

    Primoris wins underground contract work valued at over $10 M

    Jun 2, 2014

    Primoris Services Corp. has received a new contract award from a midstream oil and gas customer. The new contract was secured by Sprint Pipeline Services, a division of Primoris Energy Services, a Primoris subsidiary and part of the East Construction Service segment.

    NORTH AMERICA UPSTREAM

    Alpha Crude Connector to conduct open season

    Jun 2, 2014 Alpha Crude Connector LLC intends to conduct an open season for the Alpha Crude Connector pipeline, a new FERC-regulated crude oil transportation pipeline to be located in Lea and Eddy counties in ...

    MicroSeismic names Foster as president and CEO

    May 30, 2014

    MicroSeismic Inc. has appointed Jeff Foster as the company’s president and CEO. Founder of the company and past CEO, Peter M. Duncan, will continue with MicroSeismic as co-chairman.

    KMP to expand carbon-dioxide infrastructure

    May 8, 2014

    Kinder Morgan Energy Partners LP is set to invest $671 million to grow its carbon-dioxide infrastructure in southwestern Colorado and New Mexico.

    TPC Group expands polyisobutylene capacity

    May 1, 2014

    TPC Group, a provider of C4 based products and services, has achieved a milestone in its comprehensive expansion program to increase polyisobutylene capacity.

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