Sentinel to buy FMMR's California assets for $742 million

Sentinel Peak Resources California LLC, backed by Denver-based private equity Quantum Energy Partners, has agreed to buy Freeport-McMoRan Inc.’s (FMMR) onshore oil and gas assets in California for $742 million. Source: News

Gastar focuses on pure STACK play development, sells noncore assets

Gastar Exploration Inc., Houston, will develop 60 wells in its Kingfisher County, Okla., STACK play acreage. The drilling program will target the Meramec and Osage formations within the Mississippi Lime in three townships covering 18,000 net undeveloped acres. Source: News

24 Oct 2016 10:56:06 EDT – The latest stock information is now available for your stocks

XOM    Last 87.05  Change +0.43   % Change 0.5%   Volume 2,077,663   As of: 24 Oct 2016 10:56:06 EDT   View: Stock Quote |  News   CVX    Last 100.98  Change –0.32   % Change 0.32%   Volume 1,223,742   As of: 24 Oct 2016 10:56:06 EDT   View: Stock Quote |  News   COP    Last 41.98  Change +0.44   % […]

MARKET WATCH: NYMEX crude oil trades flat, Iraq unwilling to cut production

Light, sweet crude oil prices gained modestly to settle at $50.85/bbl for the December contract on the New York market Oct. 21, but prices were staying flat on Oct. 24 after Iraqi oil officials said they expect to be excluded from a proposed production cut by the Organization of Petroleum Exporting Countries. Source: News

Watching Government: Venezuelan uncertainties

Venezuela’s turmoil shows no signs of being resolved anytime soon, two speakers agreed during an Oct. 14 discussion at the Inter-American Dialogue in Washington, DC. They said indications that some of the current top officials at state-run Petroleos de Venezuela SA (PDVSA) are trying to be more pragmatic with foreign partners may be the only […]

Senators ask Obama to delay Dakota Access pipeline's construction

US Sens. Bernie Sanders (I-Vt.) and Democrats Benjamin L. Cardin (Md.), Dianne Feinstein (Calif.), Patrick J. Leahy (Vt.), and Edward J. Markey (Mass.) have asked US President Barack Obama to halt construction of the Dakota Access crude oil pipeline until affected Indian tribes are consulted and a fuller environmental review can be conducted. Source: News

24 Oct 2016 10:05:25 EDT – The latest stock information is now available for your stocks

XOM    Last 86.84  Change +0.22   % Change 0.25%   Volume 852,497   As of: 24 Oct 2016 10:05:25 EDT   View: Stock Quote |  News   CVX    Last 101.24  Change –0.06   % Change 0.06%   Volume 512,412   As of: 24 Oct 2016 10:05:25 EDT   View: Stock Quote |  News   COP    Last 42.32  Change +0.78   % […]

API outlines initial concerns with BOEM's draft gulf PEIS

Mitigation measures that would require halting of oil and gas operations when dolphins are in the vicinity and proposed minimum separation distances for seismic surveys running simultaneously are among the American Petroleum Institute’s biggest initial concerns with the US Bureau of Ocean Energy Management’s draft programmatic environmental impact statement (PEIS) for the Gulf of Mexico […]

What's inevitable?

Contrary to the claims of climate activists, a revolution in energy use is not inevitable. While politically inspired change is certain, it won’t be what activists have in mind. Source: News