Shale

USD/CAD Canadian Dollar Lower After Fed Statement

Fed members forecast one more US rate hike The Canadian dollar is lower against its US counterpart on Wednesday. The U.S. Federal Reserve published its updated economic projections and as expected kept the interest rate unchanged at 100-125 basis points. Also keeping with market forecasts the US ce ...

Halcón Agrees To Sell Remaining Williston Assets For $110 Million

Halcón Resources Corp. (NYSE: HK) said Sept. 20 it will sell its remaining Williston Basin assets in two, separate transactions worth a total of $110 million—beating analyst expectations. As a result of the divestitures, Houston-based Halcón will complete its transformation into a pure-play Dela ...

Sanchez Energy Closes Javelina Asset Sale

Sanchez Energy Corp. (NYSE: SN) said it closed the sale of its Javelina assets in the Eagle Ford Shale for approximately $105 million in cash, on Sept. 19.   ...

DUG Midcontinent: Oklahoma Governor Touts New Law Allowing Longer Laterals

OKLAHOMA CITY—Oklahoma Governor Mary Fallin told oil and gas producers at the DUG Midcontinent conference on Sept. 20 that efforts to reduce workers compensation costs, train suitable workers for the industry and changes to laws governing lateral well lengths are paying off. Earlier this year, Fal ...

Enable Grows With $300 Million Acquisition Of Align

Enable Midstream Partners LP (NYSE: ENBL) is expanding its footprint in the Cotton Valley and Haynesville shale plays with the $300 million acquisition of Dallas-based Align Midstream LLC, the company said Sept. 12. Enable, based in Oklahoma City, said it entered an agreement to acquire Align, which ...

Petroteq Energy Inc. Announces Issuance of New Convertible Note

STUDIO CITY, CALIFORNIA–(Marketwired – Sept. 19, 2017) – Petroteq Energy Inc. (the “Company“) (TSX VENTURE:PQE) (OTCQX:PQEFF), a company focused on the development and implementation of proprietary technologies for the environmentally safe extraction of heavy oils from oil sands, oil shale ...

EMU stocks underperforming US stocks so far in 2017 – blame it on the USD!

With less than four months to go in 2017, returns of eurozone equities are failing to live up to the forecasts of most strategists and investors. Instead of generating higher returns than the richly valued US equity market, eurozone equity markets have underperformed by slightly less than 2% so f ...

Marketed: ConocoPhillips' Nonop Stake In 300 Scoop/Stack Wells

ConocoPhillips Co. (NYSE: COP) is exiting Oklahoma's Scoop and Stack shale plays in separate sealed-bid offerings handled by EnergyNet. In the Scoop, the Houston-based company is selling its nonop stake in 173 wells plus associated leasehold and mineral acreage for sale. Interests are being offered ...

Marketed: ConocoPhillips' Nonop Stake In 300 Scoop/Stack Wells

ConocoPhillips Co. (NYSE: COP) is exiting Oklahoma's Scoop and Stack shale plays in separate sealed-bid offerings handled by EnergyNet. In the Scoop, the Houston-based company is selling its nonop stake in 173 wells plus associated leasehold and mineral acreage for sale. Interests are being offered ...

Confident Canadian energy stock drills more wells

Oil and gas output was down for this Canadian oil and gas stock in the latest quarter. But higher oil prices pushed its cash flow up by more than 50%. And its debt is lower after the sale of some non-core properties. Enerplus Corp. is pouring its cash into more wells, with exploration and developm ...