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Oil & Gas Exploration and Production

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Spartan Energy announces 2016 year-end reserves

Tuesday, 14 Feb 2017 08:30am EST

Spartan Energy Corp : Spartan Energy - 3 rigs operating on southeast saskatchewan assets and an additional rig drilling 14 well viking program in West Central Saskatchewan . Spartan Energy - conditions remain "favourable" in field and anticipate q1 program will be completed as budgeted prior to onset of spring break-up .Spartan Energy Corp says PDP reserves increased by 303% to 44.3 mmboe in 2016.

Chesapeake Energy provides 2017 outlook

Tuesday, 14 Feb 2017 07:00am EST

Chesapeake Energy Corp : Chesapeake Energy Corporation provides 2017 guidance and operational update . Chesapeake Energy Corp - sees FY projected total capital expenditures guidance of $1.9 - $2.5 billion, including capitalized interest . Chesapeake Energy Corp - sees FY projected total company production guidance ranging from a decline of 3% to growth of 2%, adjusted for asset sales . Chesapeake Energy Corp - exit rate oil production projected to grow by 10% in 2017 . Chesapeake Energy Corp - plan to operate an average of approximately 17 drilling rigs in 2017, compared to 10 rigs in 2016 . Chesapeake Energy Corp - intends to spud and place on production approximately 400 and 450 gross operated wells in 2017 . Chesapeake Energy Corp - company is targeting total production of 194 - 205 million barrels of oil equivalent (mmboe) in 2017 . Chesapeake Energy Corp says projecting that natural gas production growth will be relatively flat from year-end 2016 to year-end 2017 . Chesapeake Energy Corp says expect that gas volumes will return to growing again from year-end 2017 to year-end 2018 . Chesapeake Energy Corp - projecting that natural gas production growth will be relatively flat from year-end 2016 to year-end 2017 . Chesapeake Energy-narrowing range of 2017 projected capital as it gains confidence in market conditions supporting return to projected production growth in H2.

New Zealand Oil And Gas to sell 27.5% stake in Tui area oil fields to Tamarind

Monday, 13 Feb 2017 08:51pm EST

New Zealand Oil And Gas Ltd : Accepted Tamarind's offer for its 27.5 per cent interest in Tui Area Oil Fields off Taranaki, New Zealand .Tamarind will pay co USD$750,000 in exchange for all shares in its Tui Holding Company, Stewart Petroleum.

Noble Energy sees Q1 2017 sales volumes 370 - 380 mboe/d

Monday, 13 Feb 2017 04:35pm EST

Noble Energy Inc : Noble Energy provides detailed 2017 outlook and guidance . Noble Energy Inc - Organic capital expenditures for 2017 are estimated to be between $2.3 and $2.6 billion . Noble Energy Inc - 2017 total company oil volumes are anticipated to be higher by approximately 9 percent, after adjusting for 2016 divestment impacts . Noble Energy Inc -Full year sales volumes are anticipated to average approximately 415 - 425 mboe/d for 2017 . Total U.S. onshore rig count is expected to average more than eight operated rigs for 2017, exiting year with nine . Noble Energy Inc - Company anticipates to drill and commence production on approximately 225 onshore wells in 2017 . Noble Energy Inc sees Q1 2017 sales volumes 370 - 380 mboe/d . Noble Energy Inc sees Q2 2017 sales volumes 395 - 415 mboe/d .Noble Energy Inc - Sees second half 2017 sales volumes 440 - 460 mboe/d.

ALTAGAS LTD ANNOUNCES $200 MLN PREFERRED SHARE OFFERING

Monday, 13 Feb 2017 09:39am EST

Altagas Ltd : ALTAGAS LTD. ANNOUNCES $200 MILLION PREFERRED SHARE OFFERING . WILL ISSUE 8 MILLION CUMULATIVE 5-YEAR MINIMUM RATE RESET REDEEMABLE PREFERRED SHARES, SERIES K .NET PROCEEDS FROM OFFERING WILL BE USED TO REDUCE EXISTING INDEBTEDNESS.

Sanchez provides updates on previously announced Comanche acquisition

Monday, 13 Feb 2017 06:50am EST

Sanchez Energy Corp : Sanchez Energy Corporation provides update to the previously announced comanche acquisition . Terms of $2.3 billion Comanche acquisition remain as previously stated . Sanchez Energy - Received notification from tag owner stating that they have elected not to exercise their tag rights in regards to transaction .Sanchez Energy Corp - Transaction remains on pace to close by end of Q1 2017.

Western Gas Partners appoints Benjamin Fink CEO

Monday, 13 Feb 2017 06:30am EST

Western Gas Partners Lp : Says Benjamin m. Fink has been named president and ceo . Western gas partners lp - effective today benjamin m. Fink has been named president and CEO . Western gas partners lp - Don Sinclair, in anticipation of his ultimate retirement, has stepped down from his wes and wgp officer positions . Western gas partners lp - Sinclair will continue to serve as senior advisor to anadarko and partnerships . Western gas partners lp - fink also will replace Sinclair as a director of partnerships .Western gas partners lp - Craig W. Collins has been named svp, operations and chief operating officer of partnerships.

Lundin Petroleum sees 2017 output at 79,000 to 91,000 boepd

Monday, 13 Feb 2017 02:13am EST

Lundin Petroleum AB : Says sees 2017 total production at 79,000 to 91,000 boepd (Reuters poll 93,446 boepd) versus 72,600 boepd in 2016 . Pro-forma production guidance for Lundin Petroleum, comprising only assets in Norway, is between 70,000 to 80,000 boepd . Production guidance for Lundin's international operations is between 9,000 to 11,000 boepd [nFWN1FY05X] Further company coverage: [LUPE.ST] (Reporting By Nerijus Adomaitis) ((nerijus.adomaitis@thomsonreuters.com;)).

Lundin Petroleum seeks to spin off non-Norwegian assets

Monday, 13 Feb 2017 02:10am EST

Lundin Petroleum Ab : Lundin petroleum proposes spin-off of its non-norwegian producing assets into an independent oil and gas company . Has proposed to spin-off its assets in malaysia, france and netherlands ( "ipc assets") into a newly formed company called international petroleum corporation ("ipc") and to distribute ipc shares, on a pro-rata basis, to lundin petroleum shareholders . Ipc has applied to toronto stock exchange ("tsx") to list its shares following distribution on such exchange under ticker ipco, and also intends to list its shares on nasdaq stockholm stock exchange . Given ongoing developments and successes with company's assets in norway, ipc assets, held within a separate and independent entity, would benefit from enhanced strategic flexibility and management focus . Proposed spin-off of ipc assets will allow lundin petroleum's management to solely focus on maximising shareholder value from its norwegian portfolio . Lundin family remains committed to success of ipc, and entities related to lundin family will continue to be largest shareholders of ipc following completion of distribution . Teitur poulsen, current vice president corporate planning and investor relations at lundin petroleum will replace mike nicholson as chief financial officer of lundin petroleum.

Transglobe Energy Corporation announces execution of prepayment agreement and marketing contract

Friday, 10 Feb 2017 08:30am EST

Transglobe Energy Corp : Transglobe energy corporation announces execution of prepayment agreement and marketing contract . Transglobe energy corp - signing of a us$75 million crude oil prepayment agreement . Transglobe energy - initial advance under prepayment agreement will be used to refinance 6.00% convertible debentures of co maturing on march 31, 2017 . Transglobe energy corp - agreement between transglobe petroleum international inc. And mercuria energy trading sa of geneva, switzerland . Transglobe energy - funding arrangement will be available for utilization on fulfillment of certain conditions, which co expects to complete in next 3 weeks . Transglobe energy corp - also entered into a marketing contract with mercuria to market nine million barrels of tpi's egypt entitlement production . Funding arrangement has a term of four years, maturing march 31, 2021 .Funding arrangement is revolving with each advance to be satisfied through delivery of crude oil to mercuria.

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