BOE Report

United Kingdom Oil and Gas Industry Analysis and Forecast Report 2016-2025

DUBLIN, Feb. 12, 2016 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/jp44nn/united_kingdom) has announced the addition of the "United Kingdom Oil and Gas Industry Analysis and Forecast Report (Q1 2016) - Supply, Demand, Investments, Competition and Projects (EP, Refinery, LNG, Storage and Pipelines) to 2025" report to their offering. The premier report provides analysis of key opportunities and associated challenges facing United Kingdom oil and gas [Read more]

Russia’s Oil Price Problems

I remember around ten years ago meeting an analyst who covered Russia. This seemed a very interesting opportunity to learn about the Russian economy and its relationship with the world. Yet his presentation consisted of chart after chart of the oil price super-imposed over some measure of the Russian economy; be it exports, the budget deficit or growth. The message was that pretty much everything was correlated to the oil price. If you understand and, even better, can forecast the oil price, [Read more]

ARC Resources Ltd. Announces the 8th Consecutive Year Of ~200% Reserves Replacement, 2015 Finding and Development Costs for 2P Reserves of $6.97 and a Significant Increase in Montney Resource Estimates in 2015

CALGARY, Feb. 10, 2016 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its 2015 year-end reserves and resources information. "ARC's team once again demonstrated the strength of its asset base and technical expertise, replacing 190 per cent of produced reserves through the drill bit at low finding and development costs of $6.97 per boe for proved plus probable reserves. These results showcase ARC's exceptional Montney assets, which were the main driver of both reserves [Read more]

ARC Resources Ltd. announces strong fourth quarter, record annual production and a significant increase in Montney resource estimates in 2015

CALGARY, Feb. 10, 2016 /CNW/ - (ARX - TSX) ARC Resources Ltd. ("ARC") is pleased to report its fourth quarter 2015 operating and financial results. Fourth quarter production averaged 119,243 boe per day and funds from operations were $200.7 million ($0.58 per share). ARC's audited Consolidated Financial Statements and Notes, as well as ARC's Management's Discussion and Analysis ("MD&A") for the years ended December 31, 2015 and 2014, are available on ARC's website at www.arcresources.com and [Read more]

Whitecap Resources Inc. Announces 27% Increase to 2015 Year End Reserves

CALGARY, Feb. 10, 2016 /CNW/ - Whitecap Resources Inc. ("Whitecap" or the "Company") (TSX: WCP) is pleased to present the results of our independent 2015 year end oil and gas reserves evaluation prepared by McDaniel & Associates Consultants Ltd. ("McDaniels"). Since inception, Whitecap has been focused on acquiring high quality assets and further developing them to maximize return on capital for shareholders. In 2015, we invested approximately $1 billion (unaudited) into the development [Read more]

Canadian Oil Sands Limited Board and senior management appointments announced

CALGARY, Feb. 8, 2016 /PRNewswire/ - (TSX: COS) — Canadian Oil Sands Limited ("COS") today announced the new membership of the COS Board of Directors and senior leadership team.  Effective immediately, COS Board is now composed of the following individuals: Ernest F.H. (Harry) Roberts, Chair Maureen McCaw Mel Benson Steve Reynish Alister Cowan Effective immediately, COS senior leadership team is now composed of the following individuals: Sandy Martin, President and Chief Executive [Read more]

Chesapeake Energy Corporation Statement

OKLAHOMA CITY, Feb. 8, 2016 /PRNewswire/ -- Chesapeake Energy Corporation (NYSE:CHK) stated today that Kirkland & Ellis LLP has served as one of Chesapeake's counsel since 2010 and continues to advise the company as it seeks to further strengthen its balance sheet following its recent debt exchange. Chesapeake currently has no plans to pursue bankruptcy and is aggressively seeking to maximize value for all shareholders. Chesapeake Energy Corporation (NYSE:CHK) is the second-largest [Read more]

Venture Global Calcasieu Pass and Shell LNG North America Execute Twenty Year LNG Sales and Purchase Agreement

WASHINGTON, Feb. 8, 2016 /PRNewswire-USNewswire/ -- Venture Global LNG, Inc. ("Venture Global LNG") is pleased to announce that its subsidiary, Venture Global Calcasieu Pass, LLC ("Venture Global Calcasieu Pass"), has entered into a sales and purchase agreement ("SPA") with Shell NA LNG LLC ("Shell"), under which Shell has agreed to purchase one million tonnes per annum ("MTPA") of liquefied natural gas ("LNG") from Venture Global Calcasieu Pass's LNG export facility under development in Cameron [Read more]

Platts Report: China Oil Demand Contracts 0.8% Year over Year in December

SINGAPORE, Feb. 7, 2016 /PRNewswire/ -- China's apparent* oil demand contracted by 0.8% in December 2015 from a year earlier to 11.35 million barrels per day (b/d), according to a just-released Platts China Oil Analytics report on the latest Chinese government data. Refinery throughput in December averaged 10.84 million b/d, a record high volume, data from the country's National Bureau of Statistics (NBS) showed January 19. This was a 1.4% increase both year on year and month on month. Net [Read more]

Baker Hughes Announces January 2016 Rig Counts

 HOUSTON, Feb. 5, 2016 /PRNewswire/ -- Baker Hughes Incorporated (NYSE:BHI) announced today that the international rig count for January 2016 was 1,045, down 50 from the 1,095 counted in December 2015, and down 213 from the 1,258 counted in January 2015. The international offshore rig count for January 2016 was 242, down 8 from the 250 counted in December 2015, and down 72 from the 314 counted in January 2015. The average U.S. rig count for January 2016 was 654, down 60 from the 714 counted [Read more]