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2014-08-21 08:23:47

Total Production from Prolific Shale Plays Surpasses 2.6 Million Barrels Per Day DENVER and HOUSTON, Aug. 21, 2014 /PRNewswire/ -- Oil production from shale formations in North Dakota and Texas increased by more than 86,000 barrels per day (b/d) or 3.4% in July, according to Bentek Energy, an analytics and forecasting unit of Platts, a leading global provider of energy, petrochemicals, metals and agriculture information. In North Dakota, the active oil rig count is close to 200 and...

2014-08-14 20:21:33

HOUSTON, Aug. 14, 2014 /PRNewswire/ -- Evolution Petroleum Corporation (NYSE MKT: EPM) today declared a quarterly dividend of $0.10 per share of common stock and further reported year-end reserves as of June 30, 2014 with comparisons to the prior year. Dividend A cash dividend of $0.10 per share of common stock will be paid on September 30, 2014 to common stockholders as of September 15, 2014. At this time, we are uncertain as to the tax treatment of this dividend. Dividends during Fiscal...

2014-08-14 00:20:44

TSX ticker symbol: BKX All amounts are in U.S. Dollars unless otherwise indicated: Second Quarter First Six Months 2014 2013 % 2014 2013 % Net Income (Loss): $ Thousands $199 $(929) - $449 $(6,249) - $ per common share...

2014-08-12 08:21:39

DALLAS, Aug. 12, 2014 /PRNewswire/ -- Murex LLC (Murex) and Cetane Energy LLC (Cetane) agreed to capital improvements at their Cetane crude oil transloading terminal in Carlsbad, NM that will double the operational capacity of the facility. The existing unit train crude oil transloading terminal will begin implementing improvements immediately that will allow for the loading of 40,000 barrels of crude oil per day by July, 2015. Initially, Murex and Cetane installed 40,000 barrels of...

2014-08-08 08:22:10

Up 190,000 Barrels Per Day from June on Saudi and Libyan Output Increases LONDON, Aug. 8, 2014 /PRNewswire/ -- Platts - Oil production from the Organization of the Petroleum Exporting Countries (OPEC) climbed back above 30 million barrels per day (b/d) in July for the first time since February on the back of output boosts from Libya and Saudi Arabia, according to the latest Platts survey of OPEC and oil industry officials and analysts. July production from the 12-member oil...

2014-08-05 16:22:40

LAFAYETTE, La., Aug. 5, 2014 /PRNewswire/ -- Stone Energy Corporation (NYSE: SGY) today announced financial and operational results for the second quarter of 2014. Some of the highlights include: -- On schedule with Cardona/Cardona South development project -- Sanctioned Amethyst development -- Spud Utica test well in the Mary field -- Equity offering raised $226 million -- Sold non-core conventional shelf assets for $200 million Chairman, President and Chief...

2014-08-04 20:20:59

MarketOptimizer.org adds "US Export Policies Adopting to Changing Crude Oil Supply Landscape" to its store. Current U.S. Crude Oil Imports, excluding Canada, has declined by 3.7MMBPD. DALLAS, Aug. 4, 2014 /PRNewswire-iReach/ -- The regulation for prohibiting crude exports in the US were enacted 1975 under the Energy Policy and Conservation Act during the height of the Oil Embargo by OPEC against the US. This law made sense as domestic production was declining and the US was the world's...

2014-08-04 12:26:49

LONDON, Aug. 4, 2014 /PRNewswire/ -- Reportbuyer.com has added a new market research report: China Oil and Gas Report Q3 2014 http://www.reportbuyer.com/energy_utilities/oil_gas/china_oil_gas_report_q3_2013_1.html Includes 3 FREE quarterly updates BMI View: While China is increasingly dependent on energy imports - particularly gas - owing to rapid growth in its energy demand, there are considerable investment opportunities in its upstream segment. Concerted efforts by the...

2014-07-31 16:23:16

HOUSTON, July 31, 2014 /PRNewswire/ -- EP Energy Corporation (NYSE:EPE, "EP Energy") today provided an update on its growing oil programs. http://photos.prnewswire.com/prnvar/20140205/DA59609LOGO Key highlights include: -- Increased Wolfcamp Type Well EUR to 450 MBOE, with significant improvement to well economics -- Ongoing enhancements to completion designs in all three of its oil programs contributed to stronger than expected production growth in 2Q...

2014-07-30 12:24:18

CALGARY, Alberta, July 30, 2014 /PRNewswire/ -- Oando Energy Resources Inc. ("OER" or the "Company") (TSX: OER), a company focused on oil and gas exploration and production in Nigeria, today announced the completion of its acquisition of the Nigerian Upstream Oil and Gas Business of ConocoPhillips (NYSE: COP) for a total cash consideration of US$1.5 billion after customary adjustments plus a deferred consideration of US$33 million (the "Transaction"). The Transaction...


Word of the Day
barratry
  • The offense of persistently instigating lawsuits, typically groundless ones.
  • An unlawful breach of duty on the part of a ship's master or crew resulting in injury to the ship's owner.
  • Sale or purchase of positions in church or state.
This word ultimately comes from the Old French word 'barater,' to cheat.
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