e&p


All posts for e&p

Micro-Cap Oil & Gas Explorer's First Permian Basin Well Flowing 465 Barrels/Day

Exploration is just beginning for this oil and gas E&P with large tracts of prime land in the Permian Basin in Texas. Torchlight's Hazel Project, Midland Basin, Texas Torchlight Energy Resources Inc. (TRCH:NASDAQ) , an oil and gas exploration and production (E&P) company with rights to pro ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Permian BasinTexasUnited States +3

For Oilfield Suppliers, It's Adapt or Die

Oil prices are rebounding from their collapse that began in 2014. But for upstream suppliers, it's no time to celebrate. Despite improved conditions, it's going to take more than $60 crude to rebalance the oilfield. Structural oversupply—too many players chasing too few dollars—is the problem. Re ...

Doug Sheridan - EnergyPoint Research


Posted 1 year agoOpinion > Oil and GasSchlumbergerCameron +12

Trinidad and Tobago 2018 Budget Highlights

Trinity, the independent E&P company focused on Trinidad and Tobago is pleased to note proposed reforms encouraging investment in the energy sector included in yesterday's Budget Statement in Trinidad, which could have a positive impact on future trading for the Company. The Statement specificall ...

OilVoice Press - OilVoice


Posted 1 year agoPress > Trinity Exploration & ProductionTrinidadTobago +2

Regulations, green concerns and legal issues have made life hell for the landman – if only there were one map to rule them all

Leaders in the upstream sector are under intense pressure to drive business value for their companies. Land management is a significant, but complex and uniquely challenging part of that challenge. There is so much to be taken into account when drilling a well, from ownership to shifting government ...

Clara Fuge - P2 Energy Solutions


Posted 1 year agoOpinion > land managementleasefield operations +1

Why do oil and gas companies hedge?

Hedging oil and gas production for months or even years into the future is a vital tool for companies to provide certainty to their cash flow statements, by potentially securing future revenues for a specific, pre-determined period of time. Indeed, for some companies an effective hedging strategy is ...

Mark Young


Posted 2 years agoOpinion > upstreamonshoreCanada +7

Statoil joins Shell and other foreign companies exiting Canadian projects

Norway's oil and gas powerhouse Statoil ASA has finalised its exit from the Canadian oilsands and is by no means alone in a list of high-profile internationally-based operators to agree a sale of Canadian upstream assets during the past 12 months. Statoil (Oslo:STL) is selling its interest in the ...

Mark Young


Posted 2 years agoOpinion > CanadaStatoilShell +7

Low-cost light oil production drives Viking M&A deals

Low-cost light oil production is the key factor driving dramatic and sustained volumes of M&A activity within Canada's high-profile Viking formation. More than Cdn$8 billion in asset and corporate deals involved Viking light oil assets in Eastern Alberta and Saskatchewan in 33 separate deals si ...

Mark Young


Posted 2 years agoOpinion > mergersacquisitionsCanada +7

Alberta operators face over $2 billion in environmental LLR liabilities

Service companies are on alert with more than $2 billion in LLR-related costs currently accruing against abandoned wells awaiting reclamation in Alberta, according to the latest CanOils data. Engaging service companies to reclaim these abandoned wells (i.e. removing the wells' final LLR-related lia ...

Mark Young


Posted 2 years agoOpinion > Environmente&pE&P Projects +7

Upstream oil and gas M&A in Canada reaches Cdn$1.2 billion in December 2016

The value of December's announced M&A deals in the Canadian E&P sector totalled just over Cdn$1.2 billion – a sum around $300 million down on the equivalent totals in November and October, but still above the 2016 average of around Cdn$1 billion. This is according to data available in CanOils lates ...

Mark Young


Posted 2 years agoOpinion > CanadamergersAcquisition +6

Why horizontal Cardium wells cost less to drill in 2017

The cost to drill, case and complete a horizontal well in Alberta's prolific Cardium formation dropped significantly this year compared to the prior winter drilling season. That assessment is based on new well-cost data researched for PSAC's Well Cost Study for Winter 2016 . Click here to access t ...

Mark Young


Posted 2 years agoOpinion > CanadacardiumDrilling +6

Who pays the highest drilling rig rates in Western Canada?

Drillers of horizontal wells in Northern British Columbia face, by some distance, the highest average day rates for rigs in Western Canada, according to new data. The Petroleum Services Association of Canada's (PSAC) new Well Cost Study for Winter 2016 reveals that rig day rates in Northern B.C. ...

Mark Young


Posted 2 years agoOpinion > Canadadrilling rigswell construction +6

Marcellus shale sees massive resurgence in M&A activity

There was nearly eight times more invested in asset and corporate acquisitions in the Marcellus shale in 2016 than 2015, according to new analysis in Evaluate Energy's global M&A review for 2016 . Marcellus assets changed hands for a total of US$7.25 billion in 2016 – a massive increase on US$920 ...

Mark Young


Posted 2 years agoOpinion > MarcellusShaleShale Gas +6

68% of Canadian oil & gas companies will spend more in 2017

Following more than a year of cost cutting and spending reductions, early 2017 guidance in the Canadian oil and gas sector suggests that we will see a rebound in activity over the next twelve months. A far more stable oil price, as well as the past 18-months of adapting to a lower-for-longer prici ...

Mark Young


Posted 2 years agoOpinion > Production GuidanceCAPEXCanada +9

Upstream M&A in Canada exceeds Cdn$1.5 billion in November 2016

The value of November's announced M&A deals in the Canadian E&P sector totalled just over Cdn$1.5 billion – a sum almost identical to the equivalent total recorded in October. The full CanOils review of November upstream deal activity can be downloaded here. This month, however, it was more than j ...

Mark Young


Posted 2 years agoOpinion > upstreamCanadamergers +7

Encana cuts debt by largest amount for E&P TSX companies in past year

Debt reduction has been a hot topic in past year in Canada, as companies adapted to a lower-for-longer price environment. Out of 70 domestic and international producers listed on the TSX, Q3 2016 data available in CanOils reveals that Encana Corp. (TSX:ECA) has cut debt by the largest monetary val ...

Mark Young


Posted 2 years agoOpinion > Canadae&ponshore +2