Off Loaded Tasks Accumulator #A

OKLAHOMA CITY, Nov. 27, 2017 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (NASDAQ:GPOR) (“Gulfport” or the “Company”) today provided an update on recent SCOOP Springer and SCOOP Woodford well results. Key highlights include: Gulfport’s first SCOOP Springer well, the Lauper 4-26H, produced at a 24-hour initial peak production rate of 780.2 Boe per day, or 172 Boe [Read More…]

Source: BOE Report

TransCanada Corp has asked the Nebraska Public Service Commission to reconsider its order approving an alternate route for the Canada-U.S. Keystone XL pipeline, according to a filing posted on the commission's website on Monday. The Canadian pipeline company is seeking a "clarification" on the PSC's Nov. 20 decision, a TransCanada spokesman said. The approved line [Read More…]

Source: BOE Report

HOUSTON (Reuters) – Exxon Mobil Corp Chief Executive Darren Woods is reorganizing the company’s refining operations, part of a push to boost profits amid volatile oil and natural gas prices, the company said on Monday. The changes at the world’s largest publicly traded oil producer are the most sweeping to date by Woods, who became [Read More…]

Source: BOE Report

CALGARY – TransCanada Corp. has asked the Nebraska Public Service Commission to reconsider its order that approved an alternative route for the company’s proposed Keystone XL pipeline through the state. Company spokesman Terry Cunha says TransCanada is not, however, asking for the approved route to be reconsidered and that the motion is a request to [Read More…]

Source: BOE Report

AMHERST, SOUTH DAKOTA–(Marketwired – Nov. 27, 2017) – Media Advisory – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) announced that its Keystone Pipeline repair and restart plans have been reviewed by the Pipeline and Hazardous Materials Safety Administration (PHMSA) with no objections, permitting a safe and controlled return to service of the Keystone System. As part of [Read More…]

Source: BOE Report

TRAVERSE CITY, Mich. – Michigan Gov. Rick Snyder and Canadian oil transport company Enbridge Inc. announced an agreement Monday intended to boost the safety of twin oil pipelines beneath the waterway where Lakes Michigan and Huron converge. The deal does not call for the decommissioning of Line 5 as environmental groups have demanded, although it [Read More…]

Source: BOE Report

TransCanada has asked the Nebraska Public Service Commission to reconsider its order approving an alternate route for the Canada-U.S. Keystone XL pipeline, according to a filing posted on the commission’s website on Monday. The Canadian pipeline company is seeking a “clarification” on the PSC’s Nov. 20 decision to approve an alternative route for the Keystone [Read More…]

Source: BOE Report

NEW YORK (Reuters) – Oil prices fell 1 percent on Monday, with U.S. crude easing from two-year highs on prospects of higher supply, and uncertainty about Russia’s resolve to join in extending output cuts ahead of this week’s OPEC meeting. U.S. light crude was down 80 cents or 1.3 percent to $58.15 a barrel by [Read More…]

Source: BOE Report

EDMONTON – Several First Nations and Indigenous groups have asked the federal government to step in and protect some endangered caribou herds on provincial land in Alberta. In a letter to federal Environment Minister Catherine McKenna, the coalition said Alberta hasn’t met Ottawa’s deadline for coming up with a plan to save five threatened herds [Read More…]

Source: BOE Report

TransCanada Corp is making progress on cleaning up a 5,000-barrel oil spill from its Keystone pipeline in South Dakota, where a state official said on Monday the company has excavated the damaged section of pipeline. Calgary-based TransCanada shut down the 590,000 barrel-per-day pipeline, one of Canada's main crude export routes, on Nov. 16, due to [Read More…]

Source: BOE Report

CALGARY – Enbridge Inc. says it has reached a deal with the State of Michigan on the aging Line 5 pipelines that run along the bottom of a channel between Lakes Huron and Michigan. The twin pipelines were laid in 1953 and have raised increasing concerns about the potential impacts on the Great Lakes if [Read More…]

Source: BOE Report

CALGARY – Houston-based Civeo Corp. says it is buying Noralta Lodge Ltd. of Edmonton for $367 million in a deal that unites two major providers of workforce accommodation in the oilsands region of northern Alberta. The companies say in a joint news release they expect to save $10 million annually by 2019 through operational efficiencies. [Read More…]

Source: BOE Report

TransCanada Corp's existing Keystone pipeline has leaked substantially more oil, and more often, in the United States than indicated in risk assessments the company provided to regulators before the project began operating in 2010, according to documents reviewed by Reuters. The Canadian company is now seeking to expand the pipeline system linking Alberta's oil fields [Read More…]

Source: BOE Report

TULSA, Okla.–(BUSINESS WIRE)–Unit Corporation (NYSE: UNT) today announced that Les Austin has been named Senior Vice President and Chief Financial Officer of the company, effective immediately. The position was held by David T. Merrill, who was promoted to Chief Operating Officer in August 2017. Mr. Austin, age 51, has over 23 years of energy finance [Read More…]

Source: BOE Report

Those who are concerned the U.S. might run out of natural gas in the years ahead ignore estimates made by government and industry experts that this country has enough shale gas to meet domestic needs as well as export opportunities through the rest of this century and beyond. (The Washington Examiner, November 2017). There’s a fine [Read More…]

Source: BOE Report

CALGARY, Alberta, Nov. 27, 2017 (GLOBE NEWSWIRE) — Marksmen Energy Inc. (TSX-V:MAH) (OTCQB:MKSEF) (“Marksmen” or the “Company”) and Its wholly owned subsidiary, Marksmen Energy USA, Inc. announces the following update on wells in Ohio, USA. Morrow County – Marksmen is participating as a 25% working interest owner in a well operated by Houghton Investments LLP.  The well [Read More…]

Source: BOE Report

FORT WORTH, Texas, Nov. 27, 2017 /PRNewswire/ — Lonestar Resources US Inc. (NASDAQ: LONE) (together with its subsidiaries, “Lonestar”) announced that its proved reserves at June 30, 2017 increased to 76.8 million barrels of oil equivalent (“MMBOE”) calculated using recent NYMEX Strip. The Company conducted a mid-year reserve report to incorporate the acquisitions closed in June [Read More…]

Source: BOE Report

TransCanada Corp's existing Keystone pipeline has leaked substantially more oil, and more often, in the United States than indicated in risk assessments the company provided to regulators before the project began operating in 2010, according to documents reviewed by Reuters. The Canadian company is now seeking to expand the pipeline system linking Alberta's oil fields [Read More…]

Source: BOE Report

Completes New Farmout Arrangement That Further Supports Development Activity in East Texas; Schedules Conference Call for 10:30 Central Time Today HOUSTON–(BUSINESS WIRE)–Black Stone Minerals, L.P. (NYSE:BSM) (“Black Stone Minerals,” “Black Stone,” or “the Partnership”) announces it has entered into a definitive agreement to acquire a diverse set of mineral and royalty assets for $340 million, [Read More…]

Source: BOE Report

HOUSTON–(BUSINESS WIRE)–Carrizo Oil & Gas, Inc. (Nasdaq:CRZO) today announced that it has closed on both of its previously-announced Appalachia divestitures and has entered into an agreement to sell substantially all of its assets in the DJ Basin. Carrizo previously announced that it had entered into agreements to sell substantially all of its assets in the [Read More…]

Source: BOE Report