Exploration & Production - News

Marketed: Petroleum International Nonop, Royalty Packages

Petroleum International retained Meagher Energy Advisors to sell two packages of assets across several states. The first package is comprised of nonoperated working interest and the includes royalty interest.

November 13, 2018

Oil Gains After Saudi Paves Way For Output Cut

Oil rose by more than 1% on Nov. 12, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its partners believed demand was softening.

November 12, 2018

US Oil Rig Count Grows By 12

Drillers added 12 oil rigs in the week to Nov. 9, bringing the total count to 886, the highest level since March 2015, General Electric Co.’s Baker Hughes (NYSE: BHGE) energy services firm said in its closely followed report on Nov. 9.

November 9, 2018

Oasis Petroleum Sells Midstream Interests In $250 Million Dropdown

Oasis Petroleum agreed to sell midstream interests in a $250 million dropdown to Oasis Midstream Partners that the Houston-based company said will improve its leverage position.

November 8, 2018

Massif Oil & Gas Partners With NGP For Powder River Basin Return

Massif Oil & Gas said it partnered with NGP to form Massif II in hopes of leveraging its proprietary relationships and operational expertise for another go-around in the Powder River Basin.

November 8, 2018

Wyoming Gas Producer Ultra Petroleum Taps David Honeyfield As CFO

Ultra Petroleum tapped David Honeyfield to succeed CFO Garland Shaw, who did not relocate from Houston following the recent move of the Wyoming gas producers’ headquarters to Englewood, Colo.

November 8, 2018

Roxo Energy Deals Midland Basin Position To Murchison Oil And Gas

Roxo Energy sold its position in the Northern Midland Basin within the Permian to Murchison Oil and Gas in a deal that comes only 20 months after Roxo’s entry into the play.

November 8, 2018

W&T Offshore Appoints Janet Yang As CFO; COO Thomas Murphy Resigns

In addition to Janet Yang’s appointment as CFO and the departure of COO Thomas Murphy, W&T Offshore also announced the promotions of vice presidents David Bump and William Williford.

November 8, 2018

Callon Petroleum Names Jeffrey Balmer As COO Gary Newberry’s Successor

Jeffrey S. Balmer will join Callon Petroleum from Encana to serve as senior vice president and COO of the Permian Basin operator following the retirement of Gary A. Newberry.

November 8, 2018

Colorado Voters Reject Tougher Rules On Oil And Gas Drilling

Colorado voters on Nov. 6 rejected a measure, known as Proposition 112, a move opponents said would have sharply limited new oil and gas wells in the fifth-largest oil producing state in the nation.

November 7, 2018

Devon Energy’s Quarterly Profit Surges

Devon Energy Corp. on Nov. 6 reported a jump in quarterly profit as the oil producer gained from the sale of its stakes in pipeline operator EnLink Midstream.

November 6, 2018

Blackstone, LLOG Looking To Sell GoM Oil Exploration Venture, Sources Say

The attempted divestment is the latest to emerge from the U.S. GoM as higher oil prices allow those with capital-intensive investments in the basin to sell them at much more attractive valuations than in recent years.

November 6, 2018