Talos Energy Announces Results Of Latest Gulf Of Mexico Lease Sale

Talos Energy Announces Results Of Latest Gulf Of Mexico Lease Sale

Talos had 100% success rate on all 14 blocks it bid on. These blocks cover approximately 75,000 net acres and, once awarded, Talos will pay approximately $5.3 million for all leases combined. Two of the deepwater leases have a seven year primary lease term, while all of the others have a five year lease terms. […]

Haynesville natural gas production reaches five-year high

Haynesville natural gas production reaches five-year high

In June 2018, natural gas production in the Haynesville shale formation, located in northeastern Texas and Louisiana, averaged 6.35 Bcfd, accounting for 8.5% of the total U.S. dry natural gas production, Haynesville’s highest production level since November 2012. The Haynesville formation lies deep underground between 10,500 ft and 13,500 ft. In comparison, the depth of […]

Venture Global LNG Announces Additional Private Placement Funding of $160 Million: Aggregate Funding Total Reaches $630 Million

Venture Global LNG Announces Additional Private Placement Funding of $160 Million: Aggregate Funding Total Reaches $630 Million

Venture Global LNG, Inc. announces that it has raised additional private capital of approximately $160 million from large institutional investors. The company has now raised a total of $630 million to support the development of its projects. The transaction proceeds will fund Venture Global LNG’s continued development activities for its proposed LNG export facilities in […]

Elections: What’s at Stake

Elections: What’s at Stake

By: Gifford Briggs, President of the Louisiana Oil & Gas Association  If there ever were a time in U.S. history when the phrase “elections have consequences” would be most accurate, now would be that time. The contrast between the past and current United States President could not be more different. Under President Obama, we experienced […]

Let The Free Market Rule

Let The Free Market Rule

By: Gifford Briggs, President of the Louisiana Oil & Gas Association  The cover that was keeping the Austin Chalk quiet has been blown off. The play spanning across most of central Louisiana, stretching from Lake Pontchartrain to the Texas border is getting a lot of attention. At first it was a few undisclosed investor’s drilling […]

The Future of Oil and Gas

The Future of Oil and Gas

Gifford Briggs, President of the Louisiana Oil & Gas Association   The days of pen and paper seem to be coming to a close as this method of communication is being replaced by tablets and smart phones. We no longer have the attention span to wait on a letter to arrive by mail.  Instead, we […]

Can U.S. Shale Stop A Global Oil Supply Crisis?

Despite an expected slowdown in Permian growth rates, the U.S. shale patch is increasing production and will continue to do so this year and next. Oil market investors and analysts are currently very much focused on the demand side, with concerns over the potential of trade wars to curb oil demand growth. On the supply […]

U.S. oil gains offsetting OPEC losses

U.S. oil production is offsetting OPEC losses and keeping oil prices in check, though trends in fuel supplies are indicative of negativity, a trade group said. The U.S. Energy Information Administration reported total crude oil production for the week ending Aug. 10 at 10.9 million barrels per day, meaning the United States is on par […]

Russian Oil Industry Would Weather US ‘Bill From Hell’

Stiff new United States sanctions against Russia would only have a limited impact on its oil industry because it has drastically reduced its reliance on Western funding and foreign partnerships and is lessening its dependence on imported technology. Western sanctions imposed in 2014 over Russia’s annexation of Crimea have already made it extremely hard for […]

Thunder Energies announces interview with Midnight in the Desert w/Heather Wade on the danger posed by antimatter asteroids

TARPON SPRINGS, Fla., Dec. 20, 2017 (GLOBE NEWSWIRE) — Brian Buckley, Operations Manager of Thunder Energies Corporation, a publicly-traded company with stock symbol (OTC:TNRG), announces that Dr. Ruggero M. Santilli, company Chief Scientist, has been interviewed on December 6, 2017 by Ms. Heather Wade, host of Midnight in the Desert Radio (http://midnightinthedesert.com/how-to-listen) from 9:00 pm […]

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TransGlobe Energy Corporation Announces Q4 2017 Operations Update

CALGARY, Alberta, Dec. 20, 2017 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe” or the “Company”) (TSX:TGL) (NASDAQ:TGA) announces an operational update. All dollar values are expressed in US dollars unless otherwise stated. Highlights Annual 2017 average production is trending to ~15.4 MBoepd, a 27% increase over 2016 Lifted and sold ~510 thousand barrels of entitlement crude […]

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Eagle Energy Inc. Announces Ongoing Production Results from its First North Texas Well

CALGARY, Alberta, Dec. 19, 2017 (GLOBE NEWSWIRE) — (TSX:EGL):  Eagle Energy Inc. (“Eagle”) is pleased to announce that, one month after initial production, the oil, natural gas and natural gas liquids rates from its first North Texas horizontal well continue to perform at budgeted levels.  Currently, the well is producing 450 barrels of oil equivalent […]

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President XI Likely to Keep Crude Tariffs Sidelined

Although there is no off-ramp in sight for the trade war between the U.S. and China, stability and energy security are more important for the Chinese leadership than the need to ‘win’ the trade war with the U.S., according to ESAI Energy’s latest ChinaWatch report. The first version of the $16 billion list of products […]

EIA Reports Shock Inventory Increase Despite Strong Refining

The U.S. Energy Department’s inventory release showed that crude stockpiles recorded a shock weekly build despite strong refinery utilization. On a further bearish note, distillate inventories jumped, while domestic oil production continues to be robust. As a result, the front month West Texas Intermediate (WTI) crude futures moved down 3% (or $2.03) to end at […]

Cash flow soars for Russia’s Gazprom Neft

Russian oil producer Gazprom Neft said Thursday its free cash flow improved more than 70 percent from last year, though production increased by 2 percent. The company in its second-half announcement said revenues increased 24.4 percent from the same period last year and free cash flow of $708 million marked a 77 percent increase over […]