‘2016 Continuation of Difficult Times’ Panhandle O&G Exec Says
Reporting a 1Q16 net loss of $2.8 million, or $0.17 per share, compared to net income of $10.2 million, or $0.61 per share, in 1Q15,...
Oilman March-April 2016
Obama Proposes New Oil Tax in FY2017 Budget
On Feb. 9, President Barack Obama released a $4.1 trillion budget proposal for fiscal year 2017 that calls for oil companies to pay a $10.25-per-barrel...
Krewe Energy Acquires Multiple Interests in Southern Louisiana
Krewe Energy, LLC, a Covington, La.-based independent oil and gas exploration company has completed a 100% acquisition of Castex Energy’s interest in the Lapeyrouse Field,...
Saudi Arabia Considers Listing State-owned Aramco Shares Amid Oil Price Slump
With an estimated worth of more than $10 trillion, state-owned Saudi Armco, considered the most valuable company in the world, is contemplating listing shares as...
Freely Traded US Crude Sets Sail from Texas Port
Just two weeks after the U.S. government lifted the 40-year-old oil export ban, ConocoPhillips and NuStar Energy LP set sail to the first tanker containing...
Oklahoma Corporation Commission Reacts to Large Earthquakes
The Oklahoma Corporation Commission’s Oil and Gas Conservation Division (OGCD) has called for disposal wells injecting into the Arbuckle formation to curtail operations in reaction...
USGS Increases Assessment of Barnett Shale Gas Resource by 26.8 Trillion Cubic Feet
The U.S. Geological Survey (USGS) recently increased its assessment of the undiscovered, technically recoverable shale gas resource in the Mississippian Barnett Shale by 26.8 trillion...