BOE Report

How is This Company Still Getting $77 a Barrel for its Oil?

LONDON, September 10, 2015 /PRNewswire/ -- Canadian small-cap explorer Madalena Energy forges ahead with a strong Q2 showing and plans underway for its first horizontal multi-stage frack in Argentina, where $77 oil prices make this the most attractive venue on Earth. It's not only high Argentine oil prices and an $11-million-plus incentivized oil program that has spurred Madalena's growth this year. The company's success is highlighted by an impressive balance sheet, a new three-well, [Read more]

Element Petroleum III Receives $200mm Commitment from ArcLight and Management Team

BOSTON, Sept. 10, 2015 /PRNewswire/ -- ArcLight Energy Partners Fund VI, L.P., a private equity fund managed by ArcLight Capital Partners, LLC ("ArcLight"), alongside the Element Petroleum, L.P. management team ("Management") have agreed to form Element Petroleum III, LLC ("Element III") with a $200 million aggregate equity commitment. The capital will be used to find, develop and acquire oil and gas reserves and production, primarily in the Permian Basin. "ArcLight is pleased to be partnering [Read more]

Together, Let's Hit a Home Run! – Irving Oil and Circle K are Joining Forces to Help Athletes Fulfill Their Dreams

PORTSMOUTH, NH, Sept. 10, 2015 /PRNewswire/ - Irving Oil and Circle K are teaming up to support New England's Special Olympics athletes through their Fueling Dreams program. Since the partnership with Special Olympics began 16 years ago, Fueling Dreams has raised more than $3.2 Million for athletic programs. "We value our relationship with Special Olympics in New England," says Sarah Irving, Executive Vice President and Brand Officer of Irving Oil.  "Irving Oil is proud to support Special [Read more]

Madalena Posts Updated Corporate Presentation on its Four Unconventional Resource Plays

CALGARY, Alberta, Sept. 10, 2015 /PRNewswire/ -- Madalena Energy Inc. (TSX-V: MVN and OTC: MDLNF) (the "Company" or "Madalena") announces that it has posted a new corporate presentation for investors and interested parties on its website at www.madalenaenergy.com.  This new presentation provides an overview of Madalena's Argentina assets including updates related to activities in the Vaca Muerta shale, Lower Agrio Shale, Loma Montosa and Mulichinco – the Company's Four Unconventional Resources [Read more]

Global Oilfield Drilling Fluid Additives Market 2015-2020 – Fluid Viscosifiers, Corrosion Inhibitors, Dispersants, Surface Modifiers, Defoamers & Biocides

DUBLIN, Sept. 10, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/jttrzn/oilfield_drilling) has announced the addition of the "Oilfield Drilling Fluid Additives Market (2014-2020);By Fluid Formulation (Water Based, Oil Based, Synthetic Based), By Type (Fluid Viscosifiers, Corrosion Inhibitors, Dispersants, Surface Modifiers, Defoamers, Biocides), By Geography" report to their offering. The key factors owing to the growth of this industry are the [Read more]

Innovation and Consolidation for North American Frac Sands as Low Oil Price Bites

LONDON, September 10, 2015 /PRNewswire/ -- Taking stock of the hectic hydrocarbon industry from a supplier's point of view is always a complex task. Over the last year North American proppant and frac sands producers have faced a whole new paradigm with lower oil prices. The North American petroleum industry and its suppliers were taken by surprise by a drop in oil prices from $105/bbl in June 2014 to below $45/bbl by the end of January 2015 (along with a quantum drop in natural gas prices).   [Read more]

Frost & Sullivan Honours Shell Lubricants’ Innovation in Deriving Base Oils from Natural Gas Using its Proprietary Shell PurePlus Technology

CAPE TOWN, South Africa, Sept. 10, 2015 /PRNewswire/ -- Based on its recent analysis of the lubricants industry, Frost & Sullivan recognises Shell Lubricants with the 2014 sub-Saharan Africa Frost & Sullivan Award for Product Leadership. This groundbreaking Shell PurePlus Technology is a game changer in the lubricants industry. Unlike most lubricant producers that derive their base oil from crude oil, Shell has been using its proprietary patented technology to produce base oil from natural gas [Read more]

CARBO Announces Idling Of Proppant Facility In Millen, Georgia

HOUSTON, Sept. 9, 2015 /PRNewswire/ -- CARBO Ceramics Inc. (NYSE: CRR) today announced that it will idle its proppant manufacturing facility in Millen, Georgia due to reduced industry activity levels.  Logo - http://photos.prnewswire.com/prnh/20120503/MM00528LOGO CEO Gary Kolstad commented, "As mentioned previously, the continued downward pressure on the commodity price for oil negatively impacts industry activity levels and the resulting demand for ceramic proppant.  Similar to actions [Read more]

New Source Energy Partners Announces Receipt Of Notice From NYSE Regarding Continued Listing Standards

OKLAHOMA CITY, Sept. 9, 2015 /PRNewswire/ -- New Source Energy Partners L.P. (the "Partnership" or "New Source") announced today that, on September 9, 2015, the New York Stock Exchange ("NYSE") notified the Partnership that the NYSE has determined to commence proceedings to delist the Partnership's common units from the NYSE due to failure to maintain an average global market capitalization over a consecutive 30 trading-day period of at least $15 million.  The Partnership has the right to an [Read more]

Basic Energy Services Reports Selected Operating Data For August 2015

FORT WORTH, Texas, Sept. 9, 2015 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of August 2015.  Basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 51,900 producing a rig utilization rate of 53%, compared to 52% and 74% in July 2015 and August 2014, respectively. During the month, Basic's fluid service truck count increased by eight to 1,015. Fluid service truck hours [Read more]