Recent News

The Trans Mountain expansion was approved by Canada in 2016, but has been repeatedly delayed by permitting issues.

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The rule, finalized in November 2016, took effect in January 2017 and was aimed at reducing leaks of natural gas, or methane, that happen through venting and flaring during oil production on federal land.

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Ring said it intends to use proceeds from the offering to fund its 2018 capex, the majority of which will be allocated to the company's Central Basin Platform asset in the Permian.

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Cabot, which gets its bulk of revenue from natural gas, said total production rose to 172.6 Bcfe from 164.2 Bcfe.

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The resource giants had said they were looking to sell 13 fields, licenses and associated infrastructure held in Australia's Gippsland Basin.

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Enerplus stood by its capex forecast of C$535 million to C$585 million in 2018, saying it will spend 75% of that amount to develop its North Dakota assets in the Williston Basin.

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Laredo Petroleum retained EnergyNet to sell its Permian operated and nonoperated working interests in 20 wells, plus associated leasehold acreage, all located in Glasscock County, Texas.

February 22, 2018

Apache forecast 2018 oil production that was below analyst estimate sending its stock down more than 5%  despite the U.S. shale oil producer's better-than-expected quarterly profit.

February 22, 2018

Paul Horne has resigned his position as president but will remain Legacy Reserve's chairman and CEO. The changes will take effect March 1.

February 22, 2018

Chesapeake said it will focus on the Powder River Basin across Montana and Wyoming to tap gas reserves and expects new wells to be "a lot more economic."

February 22, 2018

Oil prices rose after the EIA data report on U.S. crude stockpiles, with U.S. crude futures jumping more than $1 to a two-week high at $62.85 a barrel.

February 22, 2018

EnCore Permian Holdings LP retained Detring Energy Advisors for the sale its oil and gas mineral and royalty interests located throughout the core of the Midland Basin, West Texas.

February 22, 2018