Jude Hislop

Luxe Energy acquires 18,000 net acres in core of Delaware Basin

News

18,000 net acres, majority operated with high average working interest As oil prices continue to drop, more and more companies are crowding into the Permian Basin, including Austin-based Luxe Energy, which recently acquired acreage in the Delaware.  Luxe Energy LLC announced Tuesday that it had acquired undeveloped acreage and producing oil and gas properties located

Luxe Energy acquires 18,000 net acres in core of Delaware Basin Read More »

American oil and natural gas drilling down by half in Q4 2015 – API

News

2015 total well completions decreased 35% compared to 2014 Estimated total U.S. oil and natural gas well completions fell by 51 per cent in the fourth quarter of 2015 compared to year-ago levels, according to API’s 2015 Quarterly Well Completion Report, Fourth Quarter. For 2015, total well completions decreased 35 per cent overall compared to

American oil and natural gas drilling down by half in Q4 2015 – API Read More »

Sanchez Energy announces record high oil, gas production for Q4

Energy Financial

“During the fourth quarter of 2015, we continued to realize significant operational success, which resulted in higher production levels and declining well costs” HOUSTON, TX – Sanchez Energy Corporation, today announced operating results for the fourth quarter of 2015 and updates to the 2016 capital budget. “2015 was a strong year for Sanchez Energy,” said Tony

Sanchez Energy announces record high oil, gas production for Q4 Read More »

Refinery hydrogen demand increase 60%, merchants meet demand

News

Industrial refinery gas producers use combination of SMR production, by-product hydrogen from nearby chemical plants Refinery demand for hydrogen has increased as demand for diesel fuel has risen both domestically and internationally, and as sulfur-content regulations have become more stringent, according to the US Energy Information Administration. Refineries use hydrogen to lower the sulfur content

Refinery hydrogen demand increase 60%, merchants meet demand Read More »

Chevron and ENN sign Gorgon LNG agreement to supply China

News

ENN LNG Trading is subsidiaries of one of the largest natural gas distribution companies in China SAN RAMON, Calif. – Chevron Corporation has announced that its Australian subsidiaries have signed a non-binding Heads of Agreement (HoA) with ENN LNG Trading Company Limited (ENN) for the delivery of liquefied natural gas to China from the Chevron-operated Gorgon

Chevron and ENN sign Gorgon LNG agreement to supply China Read More »

Occidental Petroleum awarded $1 billion from Republic of Ecuador by arbitrator

News

Occidental Petroleum’s Block 15 was expropriated by Ecuador in 2006 HOUSTON, Texas – Occidental Petroleum Corporation announced Tuesday that it has reached an understanding with the Republic of Ecuador for the payment of $1 billion after the country expropriated the company’s assets in 2006. The arbitration was awarded in Nov. by the International Centre for Settlement of Investment Disputes

Occidental Petroleum awarded $1 billion from Republic of Ecuador by arbitrator Read More »

Concho Resources enhances Southern Delaware Basin position

Energy Financial

Concho has entered into a definitive agreement to acquire 12,000 net acres in Reeves and Ward Counties, Texas, adjacent to the company’s North Harpoon prospect MIDLAND, Texas – Concho Resources Inc. says that three separate transactions will enhance its position in the southern Delaware Basin, high grade the company’s portfolio, and reduce net debt. Highlights Agreed to

Concho Resources enhances Southern Delaware Basin position Read More »

Clayton Williams Energy sells acreage, hedges production for 2016

Energy Financial

Clayton Williams Energy hedged 814,500 barrels of oil production during first half of 2016 at $40.25 per barrel Midland-based Clayton Williams Energy, Inc. says it continues to consolidate operations in the face of low oil price, including selling acreage and hedging some production. The company announced it has completed a swap of non-producing acreage in the core

Clayton Williams Energy sells acreage, hedges production for 2016 Read More »