Company Overview and News

New Mexico and Texas See a Rise in Onshore Drilling Rigs

1h zacks
In its weekly release, Baker Hughes (BHGE - Free Report) , a GE company, reported an increase in rig count in the United States.

BP, ConocoPhillips in Talks to Sign Asset Swap Agreement

2h zacks
Per Bloomberg, BP plc (BP - Free Report) and ConocoPhillips (COP - Free Report) are in talks over an asset swap deal. Per the agreement, BP will raise stake in the North Sea Clair field, offshore U.K., in exchange of its assets in Alaska. BP is contemplating to acquire ConocoPhillips’ 24% interest in the Clair field. BP, the operator of the field, already has a holding of 28.6%. In return, ConocoPhillips will acquire some of BP’s assets in Alaska.

ConocoPhillips And BP May Trade Assets

5h seekingalpha
Taking a look at the recent rumors regarding a possible asset swap between ConocoPhillips and BP plc.

BP Is Said in Talks for Conoco's UK Field Stake in Swap

2018-05-18 rigzone
(Bloomberg) -- BP Plc and ConocoPhillips are in discussions for an asset swap deal that would see the U.K. energy major gain a greater foothold in a key project in the North Sea and the U.S. explorer get Alaskan assets, according to people familiar with the talks.

Rising Crude Oil Prices Could Impact US Natural Gas Supplies

2018-05-18 marketrealist
High crude oil prices and the improving natural gas pipeline capacity in the US have been driving the rise in natural gas supplies. WTI oil prices have risen ~68.1% since June 21, 2017. The decline in OECD oil inventories, geopolitical tensions, and ongoing production cuts are driving oil prices higher.

Forecasting WLL’s Stock Range Using Implied Volatility

2018-05-18 marketrealist
The current implied volatility in Whiting Petroleum (WLL) is ~44.9%. In comparison, its peers Apache Corp. (APA) and Anadarko Petroleum (APC) have implied volatilities of ~30.8% and ~26.8%, respectively. The broader energy sector, represented by the Energy Select Sector SPDR ETF (XLE), has an implied volatility of ~16.5%.

As oil surges to $72, a popular energy fund is set for its longest win streak in 12 years - MarketWatch

2018-05-17 marketwatch
The U.S. oil benchmark hit a 3 1/2-year high around $72 Thursday, helping to put a popular fund that tracks oil-related companies on pace for its longest period of uninterrupted gains in 12 years.

APC / Anadarko Petroleum Corp. 8-K (Current Report)


Industry Sentiment: Who’s Showing Interest in Eagle Ford?

2018-05-16 marketrealist
Increasing interest in the Permian Basin has been evident across the upstream oil and gas industry over the past two years. Distinguished Eagle Ford players such as Devon Energy (DVN) and Pioneer Natural Resources (PXD) dedicated their 2016 and 2017 budgets away from the Eagle Ford Shale. Both companies dedicated only two rigs to Eagle Ford in the first half of 2017.

Anadarko: Don't Sell Yet

2018-05-15 seekingalpha
Management focus on friendly investor returns and accelerating natural gas project in Mozambique will support APC’s share in the short and long term.

Noble Energy (NBL) Seals Crude Oil Transport Deal With EPIC

2018-05-14 zacks
Noble Energy, Inc. (NBL - Free Report) finalized an agreement with EPIC Pipeline, LP (“EPIC”) to transport crude oil from Delaware Basin area to Corpus Christi, TX. Per the contract, the company will start transporting 100 thousand barrels of oil per day (MBbl/d) through EPIC pipelines for a period of 10 years starting from the second half of 2019. The 730-mile EPIC crude oil pipeline has a total capacity of 590 MBbl/d and will connect the Permian Basin and the Eagle Ford area to the Port of Corpus Christi.

Permian basin may have more to give

2018-05-13 worldoil
HOUSTON and NEW YORK (Bloomberg) -- Call it Permian, version 3.0. That’s how Tim Dove, who leads Pioneer Natural Resources, refers to new well designs his company says are now pumping 35% more oil than their predecessors. And Pioneer’s not alone: Rivals are also boasting of huge improvements resulting from new-look technology, indicating that the biggest U.S. oilfield may grow production more quickly than anticipated.

Wall Street Analysts Are All In on Energy as Oil Plows Through $70

2018-05-12 247wallst
What a week it was for the long-suffering energy investors. As expected, the president reinstated full sanctions on Iran while departing the Iran deal, which many felt was not in the best interest of the United States and its allies. Either way, with the risk premium in the Middle East back on the table, and the worldwide glut of oil almost eliminated, when you add in surging demand you have all the tailwinds needed to push energy stocks higher.

W&T Offshore: What An Impressive Recovery

2018-05-11 seekingalpha
Revenues jumped to $134.21 million in Q1'18, up 7.9% from a year ago and up 4% sequentially.

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CUSIP: 032511107