U.S. crude oil production hit all-time record in November: EIA

NEW YORK (Reuters) – U.S. crude oil production shattered a 47-year output record in November, and then retreated slightly in December, the Energy Information Administration said on Wednesday, as oil production from shale continued to upend global supply patterns. Oil output rose to 10.057 million barrels per day (bpd) in November, according to revised figures [Read More…]

Birchcliff Energy Ltd. Announces Declaration of Quarterly Common Share and Preferred Share Dividends

CALGARY, Alberta, Feb. 28, 2018 (GLOBE NEWSWIRE) — Birchcliff Energy Ltd. (“Birchcliff”) (TSX:BIR) is pleased to announce that its board of directors has declared the following quarterly cash dividends for the quarter ending March 31, 2018: Shares   TSX Stock Symbol   Dividend per Share Common Shares   BIR   $0.025 Cumulative Redeemable Preferred Shares, [Read More…]

Foothills Exploration Inc. Announces Its Second Successful Horizontal Uinta Basin Gas Well

DENVER, Feb. 28, 2018 (GLOBE NEWSWIRE) — Foothills Exploration, Inc. (OTC.QB: FTXP) (the “Company,” or “Foothills”), an independent oil and gas exploration company engaged in the acquisition and development of oil and gas properties in the Rockies, is pleased to provide this update on the successful drilling, completion and flow testing of the Stagecoach 117-20H [Read More…]

Canada producer prices up in Jan as energy costs rise

Canadian producer prices rose in January, lifted by higher prices for energy and petroleum products, data from Statistics Canada showed on Wednesday. The 0.3-percent increase was short of economists' forecasts for a gain of 0.5 percent. Of the 21 major commodity groups, prices were up in seven and down in 10, leaving four unchanged. Prices [Read More…]

Ultra Petroleum Announces Fourth Quarter and Year-To-Date 2017 Results, Successful Horizontal Well and Reports Year-End 2017 Reserves

HOUSTON, Feb. 28, 2018 (GLOBE NEWSWIRE) — Ultra Petroleum Corp. (NASDAQ:UPL) announces financial and operating results for the quarter and year ended December 31, 2017. Financial and Operating Highlights: Fourth quarter production of 74.5 Bcfe increased 5% compared to third quarter 2017, meeting mid-point of guidance adjusting for Pennsylvania asset sale,  Drilled second successful horizontal [Read More…]

Phoenix Energy Marketing Looking to Buy Available NGTL Empress Firm Gas Transportation

Phoenix Energy Marketing Consultants, on behalf of a producer client, seeks successful bidders in the recent NGTL NIT-Empress Open Season transportation offering and/or existing shippers, for discussion of potential purchase of surplus firm delivery service. The recent NGTL offering involved four tranches of service with start dates ranging from October, 2018 on the first tranche [Read More…]

Petro One Energy Corp.: Property Offering

Western Divestments has been retained by Petro One Energy Corp. (a wholly owned subsidiary of Goldstrike Resources Ltd.) to market the company’s oil and gas asset in the Milton area of Southwest Saskatchewan (Map 1). The Milton Asset consists of PNG Rights, wells and associated surface facilities. Low risk, Viking light oil (30 API), development [Read More…]

TransGlobe Energy Corporation Announces Release Date of Year-End and Fourth Quarter 2017 Results and Conference Call

CALGARY, Alberta, Feb. 28, 2018 (GLOBE NEWSWIRE) — TransGlobe Energy Corporation (“TransGlobe”) (TSX:TGL) (NASDAQ:TGA) will announce its year-end and fourth quarter 2017 financial and operating results on Wednesday, March 7, 2018 before the opening of the stock markets.  A conference call and webcast to discuss the results will be held the same day: Time:  8:00 [Read More…]

RSP Permian, Inc. Announces Fourth Quarter and Full-Year 2017 Financial and Operating Results, Year-End 2017 Proved Reserves and 2018 Guidance

DALLAS–(BUSINESS WIRE)–RSP Permian, Inc. (“RSP” or the “Company”) (NYSE: RSPP) today reported financial and operating results for the quarter and year ended December 31, 2017, year-end 2017 proved reserves and 2018 guidance. In addition, the Company filed its Annual Report on Form 10-K for the year ended December 31, 2017 with the Securities and Exchange [Read More…]

Ring Energy, Inc. Announces Exercise In Full of Over-Allotment Option and Completion of Public Offering of Common Stock

MIDLAND, Texas–(BUSINESS WIRE)–Ring Energy, Inc. (NYSE American: REI) (the “Company”) today announced the completion of an underwritten public offering of 6,164,000 shares of its common stock, including 804,000 shares sold pursuant to the full exercise of an over-allotment option previously granted to the underwriters. All of the shares were offered by the Company at a [Read More…]

Bill Barrett Corporation Reports Fourth Quarter and Year-End 2017 Financial and Operating Results; Highlighted by Quarterly Production of 2.12 MMBoe, 42% Growth in DJ Basin Volumes and 56% Increase in Proved Reserves

DENVER, Feb. 27, 2018 /PRNewswire/ —  Announced strategic combination with Fifth Creek Energy that materially expands DJ Basin footprint and significantly strengthens balance sheet Production sales volumes of 7.0 million barrels of oil equivalent (“MMBoe”) in 2017 represents 20% growth over 2016, pro forma for asset sales Production sales volumes of 2.12 MMBoe in the fourth [Read More…]

New Oil and Gas Jobs From BOE Report Jobs

Here are the latest oil and gas job postings courtesy BOE Report Jobs. To search and filter all the latest jobs, visit the BOE Report job board. All job listings are free to post for companies. Sign up to create an account to post jobs; it’s simple and easy to use. Posting Date Job Title [Read More…]