Edition:
United States

Oil & Gas Exploration and Production

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UMW Oil & Gas Corporation says qtrly revenue 74.3 million rgt

Monday, 22 May 2017 05:51am EDT

May 22 (Reuters) - Umw Oil & Gas Corporation Bhd -:Qtrly revenue 74.3 million rgt.Qtrly loss after tax 104.1 million rgt.Year-Ago qtrly revenue 87.7 million rgt; year-ago qtrly net loss 65.1 million rgt.

Premier Oil says Zama-1 well offshore Mexico was spudded

Monday, 22 May 2017 02:00am EDT

May 22 (Reuters) - Premier Oil Plc ::Zama-1 exploration well in block 7 (Premier equity 25 per cent) in shallow water Sureste basin, offshore Mexico, was spudded on May 21.Zama structure is estimated to have p90-p10 gross unrisked resource range of 100-500 mmbbls.

Africa Oil provides update on Maersk Farmout Transaction

Monday, 22 May 2017 02:00am EDT

May 22 (Reuters) - Africa Oil Corp :Africa Oil provides update on Maersk Farmout Transaction.Companies have agreed to payment terms related to $75 million advance development carry.Africa oil is due to receive equal quarterly payments of us $18.75 million at end of each calendar quarter during 2018.

Southwestern Energy enters agreement to settle class action litigation

Friday, 19 May 2017 05:25pm EDT

May 19 (Reuters) - Southwestern Energy Co :Co entered agreement to settle class action litigation filed on behalf of lessors under leases of oil and gas in Arkansas.Under terms of settlement agreement, company will pay $30 million upon final court approval of settlement - SEC filing.Litigation regarding amount of deductions unit made for gathering, treatment, other costs in calculating royalty payments to lessors.Proposed settlement has received preliminary approval from Arkansas court and is subject to its final approval.Class for settlement includes substantially all persons having leases with co in Arkansas that permit deductions for various costs.

SM Energy anticipates recording impairment charge in Q2

Friday, 19 May 2017 05:18pm EDT

May 19 (Reuters) - SM Energy Co :Anticipates recording pre-tax non-cash impairment charge to loss on divestiture of North Dakota assets in range of $150 million to $200 million in Q2.No cash expenditures are anticipated as a result of impairment charge.

Knighthead Capital Management LLC reports a 10 pct passive stake in Comstock Resources as of Jan 24 - SEC Filing

Friday, 19 May 2017 05:10pm EDT

May 19 (Reuters) - Comstock Resources Inc :Knighthead Capital Management LLC reports a 10.0 percent passive stake in Comstock Resources Inc as of January 24, 2017 - SEC Filing.

Camber Energy appoints Fred Zeidman to serve as chairman of board

Friday, 19 May 2017 04:22pm EDT

May 19 (Reuters) - Camber Energy Inc :Appointed Fred S. Zeidman to serve as chairman of board, replacing Richard N. Azar II, who will remain as director serving on board.

Cairn Energy says in UK north sea Catcher, Kraken developments on schedule to target first oil this year

Friday, 19 May 2017 02:54am EDT

May 19 (Reuters) - Cairn Energy Plc :In UK north sea, both Catcher and Kraken Developments remain significantly below original budgets and are on schedule to target first oil this year.Together they will deliver around 25,000 barrels of oil a day on plateau net to cairn, generating significant cash flows for reinvestment.

SDX Energy q1 net revenue $8.1 mln vs $2.1 million

Friday, 19 May 2017 02:22am EDT

May 19 (Reuters) - SDX Energy Inc ::Q1 net revenues $8.1 million versus $2.1 million.Q1 net realized average oil price/service fees per barrel $44.38 versus $24.46.Q1 total comprehensive income $26.9 million versus loss of $0.9 million last year.

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