Exoma spuds second well this year in Galilee basinExoma Energy spudded the Darr-1 exploratory well in ATP 1005P of the Galilee Basin onshore Queensland, Australia. The Darr-1, the second well in an exploratory program with JV partner China National Offshore Oil Corp, was drilled to help define the Toolebuc shale distribution and to appraise the shale resources identified by the Bessies, Euston and Katherine wells drilled last year. When the shale has been cored, Darr-1 drilling will continue to the basement to provide a cost-effective...
Jul 03, 2012
Top five stock winners & losers - Jun. 25, 2012Market moves in recent weeks may have been pulled to the downside a bit by Thursday's more than 2% drop in the major indices, but nevertheless stock moves in the E&P space over the last three weeks were weighted toward the positive.Harvest Natural Resources spiked 64% since June 1 on a ~$525 million net Venezuelan asset deal with Indonesiaʼs Pertamina. Pertamina is buying Harvest's 32% stake in Venezuelan player and Pertamina affiliate Petrodelta. Harvest president and CEO James...
Jun 25, 2012
ATP to raise US$500 million amid Israel expansionAccording to media reports, U.S. energy company ATP Oil & Gas Corp is in talks with private equity fund Warburg Pincus for the establishment of a $500 million fund "” for drilling offshore Israel. The Calcalist reported that several options are being considered by ATP. Aside from funding exploration drilling and facilitating the construction of an offshore liquefaction facility, the proposed fund could also be used to build other support infrastructures, including platforms for handling...
Mar 21, 2012
Who's Hot, Who's Not - March 1, 2012Upgrades:• Atwood Oceanics (ATW/$46.76/$30.64/$48.86/$3.06B) from Accumulate to Buy by Global Hunter• Chesapeake Energy (CHK/$25.45/$20.41/$35.95/$16.18B) from Hold to Buy by Stifel Nicolaus• Cobalt International Energy (CIE/$30.50/$6.30/$36.51/$12.19B) from Mkt Pfm to Mkt Outpfm by Howard Weil• ConocoPhillips (COP/$75.95/$58.65/$81.80/$98.08B) from Hold to Buy by Deutsche Bank• Ensco (ESV/$59.40/$37.39/$60.31/$13.41B) from Neutral to Buy...
Mar 01, 2012
ATP sells deep rights at Telemark Hub for $26 million gainATP Oil & Gas Corp. sold its interest in the deep rights (below 23,499 ft TVDSS) in one of its Telemark Hub properties to a third party for an undisclosed amount resulting in an estimated gain of $26 million. In addition to the cash proceeds, ATP retained 1% ORRI.
Leland E. Tate, president, said ATP is eager to encourage exploration into deeper horizons at Telemark Hub and in close proximity to ATP's existing infrastructure, the ATP Titan. The ATP Titan has a design capacity of 25,000 bbl/d...
Dec 16, 2011
IS - News Briefs - June 06, 2019Aker BP came up dry at its 15/6-
15 wildcat, the first on Norwegian North
Sea production license 814. It will
plug and abandon the well and move
Odfjell Drilling’s Deepsea Stavanger
semisubmersible to PL 777 in the central
North Sea to drill another wildcat.IGas received approval to carry out
a waterflood project at its producing field
in the East Midlands area onshore the
UK. The project will convert a well in the
western portion of Scampton North field to
a water injector to increase...
Jun 06, 2019
People & Companies Briefs - August 8, 2016Cobalt International Energy added David Powell as CFO and EVP. Powell was formerly was CFO of BHP’s oil and gas business from 2009 until this May. His appointment follows that of former BHP oil and gas president Tim Cutt as Cobalt’s CEO. Powell replaces Shane Young, who joined the company less than a year ago. Ana Busto was appointed Engie’s brand and communications SVP, a new position within the company. Busto has worked in communications since 1994, most recently has chief brand and...
Aug 08, 2016
South Pacific Briefs - August 04, 2014• Beach Energy has signed a farm-in agreement with Drillsearch Energy giving Beach the opportunity to earn up to 45% WI in the 568,300-acre ATP 924 located in Queensland's Cooper Basin. Beach will fund 3D seismic and drill an exploratory well on the Hurron prospect to earn a farm-in option. To receive the interest, Beach will drill a second exploration well and reimburse Drillsearch for past costs. The Hurron prospect contain best-estimate unrisked prospectiveresources of 23.4 MMboe in two...
Aug 04, 2014
People & Company Briefs - December 12, 2013• Atlas Resource Partners appointed EVP Mark D. Schumacher as COO.• Twenty-three former ATP Oil & Gas Corp. employees have joined Bennu Oil & Gas LLC following the newly formed company's successful acquisition of ATP's Gulf of Mexico assets. Among them are land manager and associate general counsel Jim Tomlin and assistant land manager Sara B. Guerra.• Bison Petroleum hired Barry Whelan as VP of exploration and L. Alex Scarbrough Jr. as senior geological...
Dec 12, 2013
A&D News Briefs - July 19, 2013• Italian explorer AleAnna Resources agreed to sell 50% WI in Corte dei Signori permit in Italy to an undisclosed buyer. The buyer will pay AleAnna a prospect fee and receive a non-exclusive license to AleAnna's propriety 3D data acquired in the permit area covering 32,000 acres. The buyer will also pay 100% of the cost to drill a well and earn 50% WI in the permit. The parties also agreed on an area of mutual interest within the permit which represents 4,000 acres.• Cooper Energy...
Jul 19, 2013
A&D News Briefs - June 28, 2013• Andes Energia acquired all the shares of MGM International SRL (to be renamed as CHPPC Andes SRL), a sub of Mercuria Energy Asset Management. MGM holds 49.92% interest in a JV which operates oil producing fields, Chanares Herrados and Puesto Pozo Cercado in Argentina. Andes Energia will issue 29.5 million new ordinary shares worth US$9 million and will pay a further $14.4 million subject to production milestones. The fields in the Cuyana Basin of Mendoza province hold 1P reserves of 3.3...
Jun 28, 2013
South Pacific Briefs - March 15, 2013• Flowback at Beach Energy's Halifax-1 unconventional vertical well in Cooper Basin ATP 855P continues to improve. The last measured average flow rate was 3.7 MMcfd with the peak measured at 4.2 MMcfd. Halifax-1 was stimulated in January with 14 stages across Permian targets. Beach holds 60% and Icon Energy holds 40%.• Coal seam gas explorer Comet Ridge Ltd. said the Turkey's Nest 1 (TD 1,345 ft) on ATP 337P Mahalo asset in Queensland's Bowen Basin intersected 31 ft of net coal. The...
Mar 15, 2013
Drilling Briefs - January 08, 2013 (Part 1)• Afren East African Exploration began its first-ever 3D seismic program in the Seychelles, to consist of two shoots over a combined area of ~5,500 square miles (14,319 km²). The areas are located in shallow to deep water in the northern half of the Seychelles Plateau. Afren operates the blocks with 75% and is partnered with Avana Petroleum (25%).• Coastal Energy said the Atwood Manta has arrived on location at Thailand's Bua Ban North B field, where plans call for drilling eight...
Jan 08, 2013
Drilling Briefs - November 21, 2012• Bengal Energy said its first exploration well in its Tookoonooka drilling campaign in Australia's Cooper Basin has been cased pending perforation and testing to confirm prospectivity as a future oil producer. Bengal's wholly owned Caracal-1 well encountered a developed sandstone in the Cretaceous Wyandra interval on the 654,335-acre Tookoonooka block.• Buru Energy resumed drilling of its onshore Ungani North-1 well in the Canning Superbasin of Western Australia's Kimberley region. The...
Nov 21, 2012
Capital Market Briefs - February 01, 2012• Anadarko is paying the U.S. government $26 million as settlement of a federal oil and gas royalty underpayment lawsuit for the alleged actions of APC and acquisition Kerr-McGee Oil & Gas from 1992 through 2002, including improperly deducting costs associated with boosting gas to pipeline pressure and reporting processed gas as unprocessed gas.
• ATP Oil & Gas has received a $15 million follow-on investment from NGP Capital Resources Company under its limited-term...
Feb 01, 2012