Tag: Oil/Gas
MDU Resources completes sale of oil and natural gas assets
The company expects to reinvest proceeds in excess of debt repayments into its other business units, including the utility operations’ $1.5 billion, five-year capital expenditure program BISMARCK, North Dakota – MDU Resources Group, Inc. announced today that it has finalized the sale of its last marketed oil and natural gas production property. This completes the sale of […]
Drones set to “revolutionize” oil & gas data collection – study
“The usage of drones would literally astonish the industry with its capability to get as much data available in the last 30 years within 45 minutes.” – report Drones, small unmanned aerial craft capable of carrying cameras and sensors, are set to revolutionize oil and gas data collection, according to a new report from Research and Markets. […]
American oil/gas producers face difficult 2016 as hedging protections end
Large E&Ps hedged just 6% of oil production at $53.85/b, 16% of gas at $3.58 per MCF, making them most exposed of US peer groups As oil prices continue to decline, North American exploration and production companies have hedged just 15 per cent of their total production volumes for 2016, including 14 per cent of […]
Invictus Energy receives $150M equity from Kayne Anderson
Invictus formed to pursue lease and drill opportunities in North America HOUSTON, Texas – Invictus Energy, LLC has announced a $150 million equity commitment from Kayne Anderson Energy Funds and members of the management team. Invictus is a newly formed independent oil and gas company headquartered in Houston, the company said in a press release. The […]
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