South Texas Oil Company provided an interim operations update and asset overview. With the appointment of new management in late June 2008, the Company has clearly defined its core operating areas and plans for growing production and reserves.
Overview
South Texas Oil is an independent oil and natural gas exploration and production company with three core operating [...]
Petrohawk Energy Corporation announced that it will reduce its 2009 capital budget by a third and reallocate spending to more heavily weight projects with the highest internal rates of return and highest potential for reserve growth, namely, development in the Haynesville and Fayetteville Shales.
The shift allows the Company to further affirm its strong capitalization. The [...]
New Stream Capital announced today that it has provided financing of $28.1 million to EBR Management LLC, an energy production company located in Sugar Land, Texas. The transaction is backed by oil and gas leases including 91 producing wells, 60 drilling locations covering numerous fields in Southern Texas and Louisiana, estimated net reserves of 21.6 [...]
ABC Funding, Inc. announced that it closed its acquisition of all of the outstanding capital stock of Voyager Gas Corporation, for cash consideration of $35.0 million plus 10,000 newly issued shares of ABC’s Series D Preferred Stock, having an agreed upon value of $7.0 million. Upon the effectiveness of an amendment to the Company’s Certificate [...]
Swift Energy Company announced that it has signed an agreement to purchase from Crimson Energy Partners, L.P., a privately held company, oil and natural gas interests in Dimmit County in South Texas for $47 million. The interests in Crimson’s Briscoe “A” lease and wells are located on 5,140 acres adjacent to existing Swift Energy production [...]
Fox Petroleum Inc. an independent oil and gas exploration and production company headquartered in London, England, focused on exploration and production in the USA and the UK, is pleased to announce that it has acquired a license to over 121 line miles of CDP seismic from Shell Oil Company covering Fox’s Catcher’s Mitt prospect. Hodgden [...]
Multi-Shot, LLC and Denham Capital announced that Denham will make a majority equity investment of $165 million in Multi-Shot, a leading independent provider of directional drilling services in the North American oilfield services industry.
Multi-Shot, headquartered in Conroe, Texas, is an independent directional drilling services company. The Company operates throughout the continental United States. It has [...]
Gastar Exploration Ltd.’s neighborhood’s beautiful day, The post-person delivers, dogs bark, the sun sparkles and the coal beds are full of methane. Not only that, the next-door neighbors find a fortune under their backyard patio. Like the realtors say: location, location, location.
Gastar, a natural gas explorer and producer operating onshore in the United States and [...]
Vanguard Natural Resources, LLC has recently reported to the media that it has consummated its previously announced acquisition of natural gas and oil producing properties from an affiliate of the Lewis Energy Group (“Lewis”) for a purchase price of approximately $53.4 million in cash and Company units. The consideration included $32.04 million in cash and [...]
EnerCom, Inc., announced today the lineup and schedule for The Oil & Gas Conference®, http://www.theoilandgasconference.com. In its 13th year, the Conference, held in Denver Aug. 10-14, is the oldest and largest energy investment conference hosted in Denver, showcasing more than 70 companies with a combined enterprise value of more than $500 billion. This premier forum [...]
