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Items Tagged with 'reserves'
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ARTICLES

Mexico Energy Reform Opportunities Begin to Take Shape

August 14, 2014
Joe Fisher
In ongoing energy reform, Mexico state-owned oil company Petroleos Mexicanos (Pemex) will hold on to the majority of its currently producing oil fields, but in the months ahead, bids will be taken from parties that want to participate in the development of reserves in four packages outlined by Pemex. Read More
kansas-natural-gas-production-20140805

GE Energy Financial Services, Casillas Petroleum Buy Cimarex Kansas Leasehold

August 5, 2014
David Bradley
GE Energy Financial Services (GEFS) and Casillas Petroleum Corp. have partnered to purchase oil and gas reserves in southwest Kansas from Denver-based Cimarex Energy Co., they said Tuesday. Read More

Rex Energy Gains More Land, Reserves in Appalachia

July 22, 2014
Jamison Cocklin
Rex Energy Corp. said Monday that its estimated proved reserves exceeded 1 Tcfe, thanks in large part to its core operating areas in eastern Ohio and Western Pennsylvania, where the company has reported increasing success in the last year or so (see Shale Daily, Jan. 16). Read More

With Appalachian Reserves Growing, Magnum Hunter Inches Closer to Pure-Play

July 14, 2014
Jamison Cocklin
Magnum Hunter Resources Corp. said Monday the Appalachian Basin now accounts for approximately 80% of its total proved reserves, up from 70% at the end of last year as it continues to divest non-core assets to focus on developing nearly 200,000 net Marcellus/Utica acres. Read More
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U.S. E&Ps Spending Less, Producing More Natural Gas, Oil

June 26, 2014
Carolyn Davis
U.S. natural gas and oil reserves each increased by 9% in 2013 at a lower cost than in 2012, primarily because of gains by the largest independents, Ernst & Young LLP (EY) revealed in its latest annual review. Read More
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Mexico's Proven Reserves Decline; Pemex Inks Deals With Total, GDF

April 15, 2014
Charlie Passut
Mexico's proven reserves of oil and natural gas fell 3.1% in 2013, according to data from the nation's energy ministry. Meanwhile, national oil company... Read More
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NatGas Reserves Stumbled, Crude Oil Surged in 2012, EIA Says

April 11, 2014
David Bradley
U.S. crude oil reserves in 2012 surged to their highest level since 1976, but low natural gas prices drove down gas proved reserves for the first time since 1998, the Energy Information Administration (EIA) said Thursday. Read More
annual_us_20140410

Low Prices Gave NatGas Reserves a Haircut in 2012

April 10, 2014
David Bradley

 U.S. crude oil reserves in 2012 surged to their highest level since 1976, but low natural gas prices drove down gas proved reserves for the first time in 14 years, the Energy Information Administration (EIA) said Thursday. 

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ExxonMobil Turn to Liquids Shows in Proven Reserves Estimates

February 21, 2014
Carolyn Davis
ExxonMobil Corp. replaced its proved oil and natural gas reserves in 2013 by 1.6 billion boe, a 103% replacement overall and a 153% jump in crude and liquids. However, total proved reserves, which now stand at 25.2 billion boe, are flat from a year ago. Read More

Calgary's Baytex Buying Out Eagle Ford-Focused Aurora

February 7, 2014
Joe Fisher
Calgary-based Baytex Energy Corp. is buying out Eagle Ford Shale player Aurora Oil & Gas Ltd. of Perth, Australia in a cash and debt deal worth C$2.6 billion (US$2.36 billion). Read More

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