NEW YORK (Reuters) - U.S. crude oil production jumped 260,000 barrels per day (bpd) to 10.26 million bpd in February, the highest on record, the Energy Information Administration said in a monthly report on Monday. Production in Texas rose by 106,000 bpd to above 4 million bpd, also a record high based on the data going back to 2005. The Permian basin, which stretches across West Texas and eastern New Mexico, is the largest U.S. oilfield. Output from North Dakota declined marginally to [Read more]
Archives for April 2018
Oil prices climb after Netanyahu announcement; stocks fall
NEW YORK (Reuters) - Oil prices rose on Monday after Israel Prime Minister Benjamin Netanyahu said Iran had lied about pursuing nuclear weapons after signing a 2015 deal with global powers, while U.S. stocks fell with declines in healthcare shares. U.S. West Texas Intermediate futureswere up 47 cents on the day to settle at $68.57. Netanyahu said Iran had continued to preserve and expand its nuclear weapons knowledge after the deal. U.S. President Donald Trump has until May 12 to decide [Read more]
Provincial permits don’t consider Species at Risk Act: Environment Canada
OTTAWA - Recovery of Canada's declining caribou herds is being hampered because provincial agencies that license development on the habitat of the threatened species aren't required to follow federal environmental laws. "It is a concern," said Jonathan Wilkinson, parliamentary secretary to Environment Minister Catherine McKenna. On Monday, Environment Canada released a report assessing how provinces are doing in protecting habitat for caribou, a threatened species in every [Read more]
PM sells Trans Mountain pipeline as Amazon announces expansion in Vancouver
VANCOUVER - Prime Minister Justin Trudeau promoted the expansion of retail giant Amazon's technology hub in Vancouver on Monday as he used the region's record-high gas prices to continue selling the expansion of the Trans Mountain pipeline. "I know that part of the challenge that folks across the Lower Mainland and B.C. are facing right now is related to the fact that we are connected so closely to the U.S. market and to what happens in the United States," Trudeau said as the price of gas [Read more]
Mid-Con Energy Partners, LP Announces Quarterly Distribution on Preferred Units
TULSA, April 30, 2018 (GLOBE NEWSWIRE) -- Mid-Con Energy Partners, LP (NASDAQ:MCEP) (“Mid-Con Energy” or the “Partnership”) announced that the Board of Directors of its general partner declared a cash distribution for: (1) its Class A Convertible Preferred Units for the first quarter of 2018, a cash distribution of $0.043 per Preferred Unit and (2) its Class B Convertible Preferred Units for the period from January 31, 2018 to March 31, 2018, a cash distribution of $0.020 per Preferred Unit, [Read more]
Northern Oil and Gas, Inc. Announces First Quarter 2018 Earnings Release and Conference Call
MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) announced today that it expects to release first quarter 2018 financial and operating results on Monday, May 7, 2018 before market opens. Additionally, the Company plans to host a conference call on Monday, May 7, 2018 at 10:00 AM Central Time. Those wishing to listen to the conference call may do so via the company’s website www.northernoil.com [Read more]
Jagged Peak Energy Schedules First Quarter 2018 Earnings Conference Call for May 11, 2018
DENVER, April 30, 2018 /PRNewswire/ -- Jagged Peak Energy Inc. (NYSE: JAG) (the "Company") today announced that it will host a conference call to discuss first quarter 2018 financial and operating results on Friday, May 11, 2018 at 9:00 a.m. Mountain Time (11:00 a.m. Eastern Time). The Company plans to announce first quarter 2018 results on Thursday, May 10, 2018 after market close. The call will be webcast live and accessible on the Investor Relations section of [Read more]
Oasis Petroleum Inc. Announces Pricing of $400 Million Offering of Senior Notes
HOUSTON, April 30, 2018 /PRNewswire/ -- Oasis Petroleum Inc. (NYSE: OAS) ("Oasis" or the "Company") announced today the pricing of its private placement to eligible purchasers of $400 million in aggregate principal amount of 6.25% senior unsecured notes due 2026. The notes were priced at par. The offering is expected to close on May 14, 2018, subject to customary closing conditions. Oasis intends to use the net proceeds of this offering to fund tender offers (the "Tender Offers") to purchase [Read more]
Earthstone Energy, Inc. Announces First Quarter 2018 Conference Call for Friday, May 4, 2018 at 11:00 a.m. Eastern
THE WOODLANDS, Texas--(BUSINESS WIRE)--Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”), announced today that its management will host a conference call on Friday, May 4, 2018 at 11:00 a.m. Eastern (10:00 a.m. Central) to discuss the Company’s operational and financial results for the first quarter 2018 and its outlook for 2018. Prepared remarks by Frank A. Lodzinski, Chief Executive Officer, Robert J. Anderson, President, and Mark [Read more]
PrairieSky Receives TSX Approval for Renewed Normal Course Issuer Bid
CALGARY, Alberta, April 30, 2018 (GLOBE NEWSWIRE) -- PrairieSky Royalty Ltd. ("PrairieSky" or the "Company") (TSX:PSK) is pleased to announce that the Toronto Stock Exchange (the "TSX") has accepted the notice of PrairieSky's intention to commence a normal course issuer bid (the "NCIB"). PrairieSky previously purchased an aggregate of 1,429,600 common shares at a weighted average price per share of $30.46 under a normal course issuer bid that runs between May 4, 2017 and May 3, 2018. On April [Read more]
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