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IMPORTANT OIL & GAS NEWS

ARCHIVED OIL & GAS NEWS ... 2000

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(12/29) ... Baker-Hughes reported U. S. rig count at 1,114, up 27 compared to last week (235 for oil and 879 for gas) ... and up from last year's of 771 ... Canada's rig count at 322, down 134 compared to last week ... and up from last year's of 296 ... the DOE reported crude oil stocks down 0.7 MMB at 290.5 MMB, distillate stocks down 1.5 MMB at 114.7 MMB, unleaded gasoline stocks down 2.6 MMB at 196.4 MMB ...
(12/27) ... API reported crude oil stocks down 2.06 MMB, distillate stocks down 1.86 MMB, unleaded gasoline stocks down 2.12 MMB, and refinery capacity unchanged at 93.4% compared to prior week's ... AGA reported a withdrawal of 175 BCF from the natural gas storage at 1,938 BCF, representing 59.6% full, down 5.4% from last week and down 24.6% from last year ...
(12/22) ... Baker-Hughes reported U. S. rig count at 1,087, down 20 compared to last week (236 for oil and 851 for gas) ... and up from last year's of 997 ... Canada's rig count at 456, unchanged from last week ... and up from last year's of 404 ...
(12/20) ... AGA reported a withdrawal of 158 BCF from the natural gas storage at 2,113 BCF, representing 65.0% full, down 4.9% from last week and down 23.0% from last year ... the DOE reported crude oil stocks up 3.1 MMB at 291.8 MMB, distillate stocks up 0.9 MMB at 116.2 MMB, unleaded gasoline stocks up 2.4 MMB at 199.0 MMB ...
(12/19) ... API reported crude oil stocks up 2.41 MMB, distillate stocks down 0.89 MMB, unleaded gasoline stocks up 0.80 MMB, and refinery capacity down 0.9% at 93.4% compared to prior week's ...
(12/15) ... Baker-Hughes reported U. S. rig count at 1,107, up 19 compared to last week (245 for oil and 862 for gas) ... and up from last year's of 815 ... Canada's rig count at 456, up 47 compared to last week ... and up from last year's of 450 ...
(12/13) ... AGA reported a withdrawal of 158 BCF from the natural gas storage at 2,271 BCF, representing 69.9% full, down 4.9% from last week and down 20.6% from last year ... the DOE reported crude oil stocks down 3.4 MMB at 288.7 MMB, distillate stocks down 4.7 MMB at 115.3 MMB, unleaded gasoline stocks up 1.4 MMB at 196.6 MMB ... Tom Brown Inc. (Denver, CO) agreed to acquire Stellarton Energy (Toronto) with properties in western Canada for approx $95 million ... Reliant Services, LLC, a 50/50 joint venture between Vectren and Cinergy, completed the acquisition of Miller Pipeline Corp., a natural gas and water distributor in the MidWest, from NiSource for approx $68 million ...
(12/12) ... API reported crude oil stocks down 1.10 MMB, distillate stocks down 4.53 MMB, unleaded gasoline stocks up 1.61 MMB, and refinery capacity up 1.3% at 94.3% compared to prior week's ... Phillips Petroleum agreed to acquire the gasoline marketing business in the Mid Continental region from 3 subsidiaries of The Coastal Corp. ... Home-Stake Oil & Gas (Tulsa, OK) is now a wholly owned subsidiary of Cortez Oil & Gas (Plano, TX) ... King Resources (Gulfport, MS) is the new name of ARXA International Energy ...
(12/11) ... Trinity signed a Letter of Intent to acquire Diasu Oil & Gas (Houston, TX) approx $4 million with cash and stock ... Diasu has properties in Texas and Louisian Gulf coast and Powder River Basin in Wyoming ... Alliance Energy Industrial Services (Cedar Rapids, Iowa) completed the acquisition of 12-mile Bastian Bay Pipeline LP from Samedan Oil, Sececa Resources, and Ace Energy ...
(12/8) ... Baker-Hughes reported U. S. rig count at 1,088, down 2 compared to last week (244 for oil and 844 for gas) ... and up from last year's of 813 ... Canada's rig count at 409, no change compared to last week ... and up from last year's of 397 ...
(12/6) ... AGA reported a withdrawal of 73 BCF from the natural gas storage at 2,429 BCF, representing 74.8% full, down 2.2% from last week ... the DOE reported crude oil stocks up 2.0 MMB at 292.1 MMB, distillate stocks up 3.4 MMB at 120.0 MMB, unleaded gasoline stocks up 4.0 MMB at 195.2 MMB ... Apache agreed to acquire oil and gas properties and assets in the Zama area of northwest Alberta from Phillips Petroleum for approx $490 million ...
(12/5) ... API reported crude oil stocks down 3.73 MMB, distillate stocks up 3.29 MMB, unleaded gasoline stocks up 3.24 MMB, and refinery capacity up 1.2% at 93.0% compared to prior week's ... Cross Timbers Oil agreed to acquire gas producing properties in East Texas and Louisiana from Herd Production Co. for approx $115 million ... Madison Oil Co. (Dallas, TX) agreed to acquire ARCO Turkey Inc. from BP ...
(12/1) ... Baker-Hughes reported U. S. rig count at 1,090, up 26 compared to last week (256 for oil and 834 for gas) ... and up from last year's of 796 ... Canada's rig count at 409, up 29 compared to last week ... and up from last year's of 376 ... North America at 1,499 working rigs, highest in 10 years ... Iraq cut off oil export Friday but then said it would resume in January after oil market was not affected by the news ...
(11/30) ... Kinder Morgan Energy Partners L.P. agreed to acquire GATX Corp.'s US pipeline and terminal business for approx $1.15 billion in cash and assumed debt, covering the CALNEV Pipe Line Co. and Central Florida Pipe Line Co. as well as 12 petroleum products and chemical terminals ...
(11/29) ... AGA reported a withdrawal of 146 BCF from the natural gas storage at 2,502 BCF, representing 77.0% full, down 4.5% from last week ... the DOE reported crude oil stocks down 0.1 MMB at 290.1 MMB, distillate stocks up 1.7 MMB at 116.6 MMB, unleaded gasoline stocks up 2.3 MMB at 191.2 MMB ... Vintage Petroleum (Tulsa, OK) agreed to acquire 100% of common stock of Cometra Energy (Canada) Ltd. for approx $46.3 million ... covering 13 fields in Alberta, British Columbia, and Saskatchewan plus processing and priceline facilities ...
(11/28) ... API reported crude oil stocks up 1.83 MMB, distillate stocks up 1.63 MMB, unleaded gasoline stocks down 0.02 MMB, and refinery capacity down 0.9% at 91.8% compared to prior week's ...
(11/22) ... AGA reported a withdrawal of 94 BCF from the natural gas storage at 2,648 BCF, representing 81.5% full, down 3.1% from last week ... the DOE reported crude oil stocks up 6.2 MMB at 290.2 MMB, distillate stocks down 0.3 MMB at 114.9 MMB, unleaded gasoline stocks down 0.1 MMB at 188.9 MMB ...
(11/21) ... API reported crude oil stocks up 6.44 MMB, distillate stocks up 0.07 MMB, unleaded gasoline stocks up 0.46 MMB, and refinery capacity down 0.4% at 92.7% compared to prior week's ... Chesapeake Energy agreed to acquire working interests in oil and gas properties in Oklahoma and northern Texas and a natural gas gathering system from Questa for approx $27 million ...
(11/20) ... Pogo Producing Co. (Houston, TX) agreed to acquire NORIC Corp., the parent of North Central Oil Corp., for approx $630 million in cash and stock plus assuming $120 million debt ... Parker Drilling (Tulsa, OK) sold the last of its land rig to exit land drilling business in Alaska and the Lower 48 in pursuit of the offshore Gulf of Mexico and international drilling market ...
(11/17) ... Baker-Hughes reported U. S. rig count at 1,057, down 10 compared to last week (233 for oil and 824 for gas) ... and up from last year's of 797 ... Canada's rig count at 379, up 51 compared to last week ... and up from last year's of 335 ...
(11/16) ... Playa Minerals & Energy (Houston, TX) completed the acquisition of six offshore Louisiana leases from Marathon for approx $15 million ...

(11/15) ... AGA reported a withdrawal of 6 BCF into the natural gas storage at 2,742 BCF, representing 84.6% full, unchanged from last week ... the DOE reported crude oil stocks up 1.5 MMB at 284.0 MMB, distillate stocks down 0.5 MMB at 115.2 MMB, unleaded gasoline stocks up 2.9 MMB at 189.0 MMB ...
(11/14) ... API reported crude oil stocks up 2.52 MMB, distillate stocks down 0.06 MMB, unleaded gasoline stocks up 3.42 MMB, and refinery capacity down 0.7% at 93.1% compared to prior week's ... Richland Petroleum (Calgary) agree to acquire 50% interest in natural gas property in the Whitecourt area of West Central Alberta for approx $32.9 million ... Danoil Energy Ltd. (Cagary) agreed to acquire all of the outstanding shares of Basinview Energy for approx 15 million ...
(11/13) ... Royal Dutch/Shell group agreed to buy 20% of the Initial Public Offering of the China National Offshore Oil Corp. for up to $300 million ... They bought 14% in the IPO of the China Petroleum and Chemical in last month ...OPEC members agreed not to boost production until next meeting on January 17th, 2001 ...
(11/10) ... Baker-Hughes reported U. S. rig count at 1,067, down 11 compared to last week (227 for oil and 840 for gas) ... and up from last year's of 774 ... Canada's rig count at 328, down 34 compared to last week ... and up from last year's of 321 ... Exxon Mobil restarted their 16,000-B/D refinery near Los Angeles which has been shut down for repair almost a month ...
(11/8) ... AGA reported an injection of 36 BCF into the natural gas storage at 2,748 BCF, representing 84.6% full, up from 83.5% last week ... the DOE reported crude oil stocks down 1.6 MMB at 282.5 MMB, distillate stocks up 2.1 MMB at 115.7 MMB, unleaded gasoline stocks down 2.0 MMB at 186.1 MMB ...
(11/7) ... API reported crude oil stocks up 0.04 MMB, distillate stocks up 1.35 MMB, unleaded gasoline stocks down 1.05 MMB, and refinery capacity down 0.5% at 93.8% compared to prior week's ...
(11/3) ... Baker-Hughes reported U. S. rig count at 1,078, down 6 compared to last week (233 for oil and 845 for gas) ... and up from last year's of 763 ... Canada's rig count at 362, down 2 compared to last week ... and up from last year's of 336 ...
(11/2) ... LUKOIL, Russia's largest oil company, agreed to acquire Getty Petroleum Marketing in a deal valued at $71 million ...
(11/1) ... AGA reported an injection of 70 BCF into the natural gas storage at 2,712 BCF, representing 83.5% full, up from 81.3% last week ... the DOE reported crude oil stocks down 1.5 MMB at 284.1 MMB, distillate stocks up 1.4 MMB at 113.6 MMB, unleaded gasoline stocks down 4.1 MMB at 188.1 MMB ...
(10/31) ... API reported crude oil stocks down 0.75 MMB, distillate stocks up 1.73 MMB, unleaded gasoline stocks down 4.94 MMB, and refinery capacity up 0.9% at 94.3% compared to prior week's ... PanCanadian Petroleum agreed to acquire the oil and gas business of Montana Power Co. for approx $475 million ...
(10/30) ... Stone Energy Corp (NY) agreed to acquire Basin Exploration in a stock exchange for a value of $410 million including $48 million in debt ...
(10/27) ... Baker-Hughes reported U. S. rig count at 1,084, up 30 compared to last week (229 for oil and 855 for gas) ... and up from last year's of 761 ... Canada's rig count at 364, up 12 compared to last week ... and up from last year's of 301 ... OPEC is expected to increase production by half a million barrels per day beginning Monday ...
(10/25) ... AGA reported an injection of 71 BCF into the natural gas storage at 2,642 BCF, representing 81.3% full, up from 79.1% last week ... the DOE reported crude oil stocks up 2.4 MMB at 285.6 MMB, distillate stocks down 0.6 MMB at 112.2 MMB, unleaded gasoline stocks down 1.1 MMB at 192.2 MMB ... Chancellor Group (New York) completed the acquisition of Getty Petroleum, a Texas corp. holding oil and gas lease adjacent to Chancellor's project in Pecos County, Texas with stocks ... Koch Petroleum Group (Wichita, KS) announced the acquisition of ATP Petroleo S.A., a Brazilian oil and gas exploration and production with 35 wells and 500 BE/day from Paranapanama S.A., a large Brazilian company ...
(10/20) ... Bill Richardson, US Energy Secretary met with OPEC President Ali Rodriguez in Venezuela, Richardson anticipated a 500,000-B/D increase in output at the end of the month while Rodriguez said that it would be the members' decision and would not be this month ... BPU Reynolds agreed to acquire the Sherwin alumina refinery near Corpus Christi from Alcoa ...
(10/19) ... Baker-Hughes reported U. S. rig count at 1,054, up 9 compared to last week (210 for oil and 844 for gas) ... and up from last year's of 750 ... Canada's rig count at 352, up 14 compared to last week ...
(10/18) ... AGA reported an injection of 29 BCF into the natural gas storage at 2,571 BCF, representing 79.1% full, up from 77.2% last week ... down 13.7% compared to last year ... the DOE reported crude oil stocks down 4.5 MMB at 283.2 MMB, distillate stocks down 0.9 MMB at 112.8 MMB, unleaded gasoline stocks down 2.0 MMB at 193.3 MMB ...
(10/17) ... API reported crude oil stocks down 3.11 MMB, distillate stocks down 0.54 MMB, unleaded gasoline stocks down 3.68 MMB, and refinery capacity down 1.2% at 92.7% compared to prior week's ...
(10/13) ... Baker-Hughes reported U. S. rig count at 1,045, up 10 compared to last week (209 for oil and 836 for gas) ... and up from last year's of 721 ... Canada's rig count at 270, down 10 compared to last week ... Chevron was reported to acquire Texaco for approx $35 billion in stocks, merging the second and third largest oil companies in the U.S. to become the fourth largest in the world ...
(10/12) ... U. S. warship Cole was bombed in a suicide attack while refueling at a port in Yemen ...
(10/11) ... AGA reported an injection of 62 BCF into the natural gas storage at 2,542 BCF, representing 77.2% full, up from 75.0% last week ... down 13.4% compared to last year ...
(10/10) ... API reported crude oil stocks down 3.93 MMB, distillate stocks down 3.31 MMB, unleaded gasoline stocks down 0.94 MMB, and refinery capacity down 0.5% at 93.9% compared to prior week's ...
(10/9) ... Fletcher Challenge Energy agreed to sell its properties in Canada and Argentina to Apache and its operations in New Zealand and Brunei to Shell Overseas Holding ...
(10/6) ... Baker-Hughes reported U. S. rig count at 1,035, up 20 compared to last week (202 for oil and 833 for gas) ... and up from last year's of 741 ... Canada's rig count at 356, up 1 compared to last week ... Cuu Long Joint Venture (Conoco, PetroVietnam, Korea National, SK, and Geopetrol) announced a discovery offshore Vietnam in Block 15-1, 110 miles southeast of Ho Chi Minh City, tested 12,621 barrels of oil from three zones ...
(10/4) ... AGA reported an injection of 78 BCF into the natural gas storage at 2,480 BCF, representing 75.0% full, up from 72.9% last week ... down 14.0% compared to last year of 2,887 BCF ... the DOE reported crude oil stocks up 1.1 MMB at 286.7 MMB, distillate stocks down 0.7 MMB at 114.2 MMB, unleaded gasoline stocks up 5.0 MMB at 195.6 MMB ...
(10/3) ... API reported crude oil stocks up 3.42 MMB, distillate stocks up 0.34 MMB, unleaded gasoline stocks up 5.16 MMB, and refinery capacity unchanged at 94.4% compared to prior week's ... Cortez Oil & Gas (Plano, TX) agreed to acquire Home-Stake Oil & Gas (Tulsa, OK) ...
(10/2) ... Delta Petroleum (Denver, CO) completed the acquisition of 100% working interest in the West Delta Block 52, Plaquemine Parish, Louisiana, from Castle Offshore LLC for approx $1.5 million plus stock ...
(9/29) ... Baker-Hughes reported U. S. rig count at 1,015, up 17 compared to last week (209 for oil and 806 for gas ... and up from last year's of 730 ... Canada's rig count at 355, no change from last week ...
(9/28) ... National-Oilwell acquired the assets of Baylor Co. and subsidiaries from Boots & Coots International Well Control for approx $29 million in cash ...
(9/27) ... AGA reported an injection of 77 BCF into the natural gas storage at 2,402 BCF, representing 72.9% full, up from 70.6% last week ... down 15.0% compared to last year of 2,825 BCF ... the DOE reported crude oil stocks down 0.5 MMB at 285.6 MMB, distillate stocks down 1.0 MMB at 114.9 MMB, unleaded gasoline stocks up 3.0 MMB at 190.6 MMB ...
(9/26) ... API reported crude oil stocks down 2.24 MMB, distillate stocks down 0.76 MMB, unleaded gasoline stocks up 2.90 MMB, and refinery capacity down 0.3% at 94.4% compared to prior week's ... Quicksilver Resources (Fort Worth, TX) agreed to acquire substantially all of Dominion Reserves-Indiana's Corydon Project in Kentucky including 22 gas wells, gathering system, interest in 20,000 acres, and 80% interest in the GTG Pipeline system ... Conoco, PetroVietnam, Korean National Oil, SK Corp, and GeoPetrol announced the discovery in Block "15-1" offshore Vietnam, 120 miles southeast of Ho Chi Minh City, tested 5,600 B/D ... while Block "15-2" is currently producing 40,000 B/D ... U. N. Dollars (Jacksonville, FL) acquired 80% of Emeral Restoration and Production in 4 units in the Powder River Basin of Wyoming covering 16,000 acres with stock valued at $400 million ...
(9/25) ... Phillips acquired River Gas Corp, a coalbed methane gas production with properties in Utah and Alabama, and interests in three other companies with properties in the Powder River Basin in Wyoming for approx $123 million ... Enterprise Products Partners L.P. (Houston, TX) agreed to acquire Acadian Gas, LLC including 3 natural gas pipeline system with over 1,000 miles of pipeline, from Coral Energy LLC for approx $226 million ...
(9/22) ... Baker-Hughes reported U. S. rig count at 998, down 14 compared to last week (195 for oil and 803 for gas ... and up from last year's of 720 ... Canada's rig count at 355, up 84 compared to last week ...
(9/20) ... AGA reported an injection of 67 BCF into the natural gas storage at 2,325 BCF, representing 70.6% full, up from 68.5% last week ... down 15.3% compared to last year of 2,746 BCF ... the DOE reported crude oil stocks down 2.4 MMB at 286.1 MMB, distillate stocks up 1.3 MMB at 115.9 MMB, unleaded gasoline stocks down 4.2 MMB at 187.6 MMB ... Evergreen Resources (Denver, CO) acquired the interests in 24,000 acres of coal bed methane production in the Raton Basin for approx $176 million from KLT Gas, an indirect wholly owned subsidiary of Kansas City Power and Light ...
(9/19) ... API reported crude oil stocks down 2.04 MMB, distillate stocks up 1.25 MMB, unleaded gasoline stocks down 0.02 MMB, and refinery capacity down 0.8% at 94.7% compared to prior week's ...
(9/15) ... Baker-Hughes reported U. S. rig count at 1012, no change compared to last week (196 for oil and 816 for gas ... and up from last year's of 703 ... Canada's rig count at 271, up 5 compared to last week ... and down from last year's of 273 ...
(9/13) ... AGA reported an injection of 72 BCF into the natural gas storage at 2,258 BCF, representing 68.5% full, up from 66.4% last week ... down 15.4% compared to last year of 2,668 BCF ... the DOE reported crude oil stocks down 1.0 MMB at 288.5 MMB, distillate stocks up 2.3 MMB at 114.6 MMB, unleaded gasoline stocks down 3.7 MMB at 191.8 MMB ... Sunoco announced intention to sell its lubricant operations including the refinery in Jabucoa, Puerto Rico, the blending plant in Tulsa, OK, and the marketing brand of Kendall motor oil ...
(9/12) ... API reported crude oil stocks down 1.94 MMB, distillate stocks up 2.13 MMB, unleaded gasoline stocks down 5.89 MMB, and refinery capacity down 0.1% at 95.5% compared to prior week's ...
(9/11) ... Southern Energy (Atlanta) completed the acquisition of Vastar Resources' 40% interest in Southern Company Energy Marketing for approx $250 million ...
(9/10) ... OPEC members agreed to increase production by 3% or 800,000 barrels per day amid international pressure to lower oil and gasoline prices ...
(9/8) ... Baker-Hughes reported U. S. rig count at 1012, down 7 compared to last week (204 for oil and 808 for gas ... and up 322 compared to last year's of 690 ... Canada's rig count at 266, down 55 compared to last week ... and down 1 compared to last year's of 267 ...
(9/6) ... API reported crude oil stocks up 3.13 MMB, distillate stocks up 0.66 MMB, unleaded gasoline stocks down 0.15 MMB, and refinery capacity up 0.1% at 95.6% compared to prior week's ... AGA reported an injection of 42 BCF into the natural gas storage at 2,186 BCF, representing 66.4% full, up from 65.1% last week ... down 15.5% compared to last year of 2,587 BCF ... National-Oilwell (Houston, TX) completed the acquisition of Wheatley Gaso, a manufacturer of piston and plunger pumps, and Omega, manufacturer and marketing pumps, for approx $13 million each ...
(9/5) ... Gulf Canada Resources (Calgary) announced their discovery in the Dutch section of the North Sea with a flow test of 11 MMCF/day ...
(9/1) ... Baker-Hughes reported U. S. rig count at 1019, up 23 compared to last week (223 for oil and 816 for gas ... and up 348 compared to last year's of 671 ... Canada's rig count at 321, down 18 compared to last week ... and up 40 compared to last year's of 281 ...
(8/31) ... Louis Dreyfus Natural Gas completed the acquisition of oil and gas properties in Sonora area in West Texas from Magnum Hunter Resources ...
(8/30) ... the DOE reported crude oil stocks up 2.0 MMB at 286.7 MMB, distillate stocks up no change at 112.4 MMB, unleaded gasoline stocks down 4.8 MMB at 196.4 MMB ... AGA reported an injection of 52 BCF into the natural gas storage at 2,144 BCF, representing 65.1% full, up from 63.5% last week ... down 15.0% compared to last year of 2,521 BCF ... Aspen Group Resources (Oklahoma City, OK) completed the acquisition of oil and gas assets from Old Dominion Oil ...
(8/29) ... API reported crude oil stocks up 5.26 MMB, distillate stocks up 1.04 MMB, unleaded gasoline stocks down 3.07 MMB, and refinery capacity down 1.4% at 95.5% compared to prior week's ... Shareholders of Devon Energy (Oklahoma City) and Santa Fe Snyder (Houston) approved the merger of the two companies into Devon, becoming one of top 5 US-based independent oil and gas producers ... Dominion Exploration and Production completed the acquisition of the operating interests of Suemaur Exploration and Production LLC and several partners in 3 Texas Gulf Coast natural gas fields ... Key Production (Denver, CO) agreed to acquire all of the outstanding common stock of Columbus Energy with stock exchange ...
(8/25) ... Baker-Hughes reported U. S. rig count at 996, up 2 compared to last week (202 for oil and 794 for gas ... and up 328 compared to last year's of 668 ... Canada's rig count at 339, up 49 compared to last week ... and up 57 compared to last year's of 282 ...
(8/23) ... the DOE reported crude oil stocks down 4.1 MMB at 284.7 MMB, distillate stocks up 0.9 MMB at 112.4 MMB, unleaded gasoline stocks down 1.2 MMB at 201.2 MMB ... AGA reported an injection of 55 BCF into the natural gas storage at 2,092 BCF, representing 63.5% full, up from 61.8% last week ... down 14.7% compared to last year of 2,452 BCF ... GDF International S.A., a wholly owned subsidiary of Gaz de France, agreed to acquire assets in the Netherlands from TransCanada Pipelines Ltd for approx $500 million, including 7 offshore natural gas producing licenses and 38.57% interest in an offshore natural gas pipeline system and a natural gas treatment plant ...
(8/22) ... API reported crude oil stocks down 7.77 MMB, distillate stocks down 2.89 MMB, unleaded gasoline stocks down 1.14 MMB, and refinery capacity up 1.2% at 96.9% compared to prior week's ...
(8/21) ... Transocean Sedco Forex agreed to acquire rival R&B Falcon for approx $5.2 billion with stocks to extend the world's largest offshore drilling contractor adding 139 rigs onto existing 17 rigs ... it was created last year from the merger of Transocean and Schlumberger's Sedco ... an underground natural gas pipeline belong to El Paso Natural Gas exploded early Saturday killing 11 campers near the Pecos River, 30 miles south of Carlsbad, New Mexico ... could be caused by corrosion in the 22-foot section ...
(8/18) ... Baker-Hughes reported U. S. rig count at 984, up 18 compared to last week (208 for oil and 786 for gas ... and up 339 compared to last year's of 645 ... Canada's rig count at 290, down 23 compared to last week ...
(8/17) ... Apache completed the acquisition of properties in 32 fields on 92 Outer Continental Shelf blocks from a subsidiary of Occidental Petroleum for approx $385 million ...
(8/16) ... AGA reported an injection of 52 BCF into the natural gas storage, representing 61.8% full or 2,037 BCF, up from 60.3% last week ... down 15.2% compared to last year of 2,402 BCF ... the DOE reported crude oil stocks up 3.4 MMB at 288.8 MMB, distillate stocks up 1.3 MMB at 111.5 MMB, unleaded gasoline stocks down 2.2 MMB at 202.4 MMB ... Brent crude is highest since November 1990 ... Duke Energy International completed the 495-mile $297 million-dollar Eastern Gas Pipeline in Australia initially transporting to New South Wales and Victoria states ...
(8/15) ... API reported crude oil stocks up 7.40 MMB, distillate stocks up 1.88 MMB, unleaded gasoline stocks down 3.34 MMB, and refinery capacity down 0.3% at 94.9% compared to prior week's ...
(8/10) ... Baker-Hughes reported U. S. rig count at 976, down 5 compared to last week (211 for oil and 765 for gas ... and up 349 compared to last year's of 627 ... Canada's rig count at 312, down 23 compared to last week ...
(8/9) ... AGA reported an injection of 65 BCF into the natural gas storage, representing 60.3% full or 1,985 BCF, up from 58.3% last week ... down 15.6% compared to last year of 2,351 BCF ... the DOE reported crude oil stocks up 1.3 MMB at 285.4 MMB, distillate stocks down 0.5 MMB at 110.2 MMB, unleaded gasoline stocks down 1.7 MMB at 204.6 MMB ...
(8/8) ... API reported crude oil stocks down 2.14 MMB, distillate stocks down 1.18 MMB, unleaded gasoline stocks down 1.67 MMB, and refinery capacity down 0.8% at 95.2% compared to prior week's ...
(8/7) ... CMS Oil & Gas (Houston, TX) announced two discoveries, one in Upton County, Texas flowing 7.5 MMCF/D at 1000 psi from the Devonian formation at 12,000 feet deep and 4,000' horizontal section; the other in Midland County, Texas, flowing 750 B/D and 2.7 MMCF/D from the Pennsylvanian formation at 10,700 feet deep and 5,700' horizontal section ...
(8/4) ... Baker-Hughes reported U. S. rig count at 981, up 6 compared to last week (209 for oil and 773 for gas ... all time high for gas exploration) and up 365 compared to last year ... Canada's rig count at 335, up 16 compared to last week ...
(8/3) ... Phillips Petroleum completed the acquisition of ARCO's properties in Alaska for $6.5 billion ... also recently acquired 22.3% interest in the TransAlaska Pipeline System and other pipelines ... planned to team up with Chevron and Alberta Energy to explore and develop 7 offshore Prudhoe Bay leases and other areas covering 150,000 acres ...
(8/2) ... AGA reported an injection of 63 BCF into the natural gas storage, representing 58.3% full or 1,920 BCF, up from 56.4% last week ... down 16.7% compared to last year of 2,306 BCF ... the DOE reported crude oil stocks down 10.6 MMB at 284.1 MMB, distillate stocks up 0.3 MMB at 110.7 MMB, unleaded gasoline stocks down 0.6 MMB at 206.3 MMB ...
(8/1) ... API reported crude oil stocks down 9.0 MMB, distillate stocks up 1.06 MMB, unleaded gasoline stocks down 1.07 MMB, and refinery capacity down 0.6% at 96.0% compared to prior week's ... Petrobras was fined $94 million for the 1 million gallon crude oil spill in July at the Getulio Vargas refinery in Arau Caria ... In January, Petrobras was fined $28 million form the 340,000-BBLS oil spill in to the Guanabara Bay in Rio ...
(7/31) ... OPEC President annouced the members produced 700,000 B/D more than they agreed-to amount ...
(7/28) ... Baker-Hughes reported U. S. rig count at 975, up 25 compared to last week (211 for oil and 764 for gas ... all time high for gas exploration) and up 373 compared to last year ... Canada's rig count at 319, up 13 compared to last week and up 80 compared to last year ...
(7/27) ... Landover Energy Inc. (Calgary) signed a letter of intent to acquire all outstanding and issued shares of Frobisher Petroleum Ltd. for approx $4.5 million in cash, properties mostly in the Willisden Green and Grand Forks areas ...
(7/26) ... AGA reported an injection of 54 BCF into the natural gas storage, representing 56.4% full or 1,857 BCF, up from 54.7% last week ... down 18.6% compared to last year of 2,280 BCF ... the DOE reported crude oil stocks up 0.3 MMB at 294.7 MMB, distillate stocks up 1.1 MMB at 110.4 MMB, unleaded gasoline stocks up 0.5 MMB at 206.9 MMB ...
(7/25) ... API reported crude oil stocks up 1.88 MMB, distillate stocks up 1.73 MMB, unleaded gasoline stocks up 1.71 MMB, and refinery capacity up 0.9% at 96.6% compared to prior week's ...
(7/24) ... South Texas Drilling (San Antonio, TX) agreed to acquire 100% of the common stock of Pioneer Drilling Co. (Corpus Christi, TX) for approx $12 million in cash and stock including $1.5 million debt ...
(7/21) ... Baker-Hughes reported U. S. rig count at 950, up 22 compared to last week (214 for oil and 736 for gas) ... Canada's rig count at 306, up 18 compared to last week ... Texas Eastern Pipeline Co. completed the acquisition of the assets of ARCO Pipe Line for approx $318.5 million ...
(7/20) ... Apache agreed to acquire oil and gas interest in the Gulf of Mexico from a subsidiary of Occidental Petroleum for approx $385 million ...
(7/19) ... AGA reported an injection of 70 BCF into the natural gas storage, representing 54.7% full or 1,803 BCF, up from 52.6% last week ... down 19.5% compared to last year of 2,239 BCF ... the DOE reported crude oil stocks down 0.5 MMB at 294.4 MMB, distillate stocks up 0.8 MMB at 109.3 MMB, unleaded gasoline stocks up 0.5 MMB at 205.6 MMB ...
(7/18) ... API reported crude oil stocks down 0.76 MMB, distillate stocks up 1.98 MMB, unleaded gasoline stocks down 1.41 MMB, and refinery capacity down 0.4% at 95.7% compared to prior week's ... OPEC President Ali Rodriguez announced the members did not agree to his proposal of boosting the production by 500,000 B/D ...
(7/17) ... Enterprise Oil (Houston, TX) acquired R&B Falcon's 50% interest in the Boomvang field development, 100% interest in the Gyrfalcon field and interest in 10 Gulf of Mexico blocks ... AES Corp agreed to acquire Ipalco for approx $2.15 billion ...
(7/14) ... Baker-Hughes reported U. S. rig count at 928, up 15 compared to last week (212 for oil and 716 for gas), up 345 compared to last year's of 583 ...Canada's rig count at 288, down 29 compared to last week, up 71 compared to last year's of 217 ...Hornet Energy agreed to take over and combine with Pinon Oil & Gas Ltd (Calgary) with properties in Alberta ...Indo Pacific Oil & Gas, a subsidiary of Fortune Oil & Gas (Vancouver) agreed to acquire GFB Resources (Java) Ltd. covering the Bawean Production Sharing Contract including the Camar oil field ...
(7/13) ... shareholders approved Anadarko acquisition of Union Pacifc Resources to become the biggest independent oil and gas producer in the U. S. ... Tosco agreed to acquire the Alliance 250,000-B/D refinery in Belle Chasse, Louisiana from BP Amoco for approx $660 million ... Plexus Energy Ltd, Peregrine Oil & Gas Ltd, and Aegis Energy Ltd merged into Surge Petroleum Inc. (Calgary) ...
(7/12) ... AGA reported an injection of 97 BCF into the natural gas storage, representing 52.6% full or 1,733 BCF, up from 49.7% last week ... down 19.8% compared to last year of 2,161 BCF ... the DOE reported crude oil stocks up 1.2 MMB at 294.9 MMB, distillate stocks up 4.8 MMB at 108.5 MMB, unleaded gasoline stocks up 0.6 MMB at 205.1 MMB ... McGowen Resources (Dallas, TX) completed the acquisition of oil and gas properties in the AWP field, McMullen County, Texas from Petro-Hunt LLC for approx $2.8 million in cash ...
(7/11) ... API reported crude oil stocks up 1.21 MMB, distillate stocks up 5.27 MMB, unleaded gasoline stocks up 0.25 MMB, and refinery capacity up 1.2% at 96.1% compared to prior week's ... CXY Energy Marketing, a subsidiary of Canadian Occidental Petroleum Ltd., agreed to acquire Northridge Marketing Ltd, a subsidiary of Transcanada PipeLines Ltd, for approx $40 million ...
(7/10) ... BP Amoco announced its intent to acquire IGI Resources (Boise, Idaho), a natural gas and power trading and transportation business with primarily industrial customers in the Western U.S. and Canada ... Forest Oil agreed to acquire Forcenergy in a stock swap to become one of the top ten independent exploration and production company in the U. S. ...
(7/7) ... Baker-Hughes reported U. S. rig count at 913, down 7 compared to last week (713 for gas and 198 for oil) ... Canada's rig count at 317, down 10 compared to last week ...
(7/6) ... the DOE reported crude oil stocks down 1.8 MMB at 293.7 MMB, distillate stocks down 0.1 MMB at 103.7 MMB, unleaded gasoline stocks up 0.2 MMB at 204.5 MMB ...
(7/5) ... API reported crude oil stocks down 0.14 MMB, distillate stocks down 0.80 MMB, unleaded gasoline stocks up 2.21 MMB, and refinery capacity down 1.4% at 94.9% compared to prior week's ... AGA reported an injection of 69 BCF into the natural gas storage, representing 49.7% full or 1,636 BCF, up from 47.6% last week ... down 22.2% compared to last year of 2,102 BCF ... Ultramar Diamond Shamrock agreed to acquire the Avon refinery on the San Francisco Bay from Tosco for approx $800 million ... 4 workers were killed in this refinery on 2/99 blast ... Toreador Resources agreed to acquire privately-held Texona Petroleum with stocks ... Apache completed the acquisition of properties in the Permian Basin and South Texas from Collins & Ware for approx $320 million ... South Pacific Petroleum agreed to acquire the fuels and LPG marketing assets including 11 service stations in Guam from Exxon Mobil ...
(7/4) ... Saudi Arabia announced plan to increase crude production by half a million barrels a day as the previously announcement of 3% (708,000 B/D) increase from OPEC did not damper crude prices ...
(6/30) ... Baker-Hughes reported U. S. rig count at 920, up 27 compared to last week (718 for gas and 202 for oil) ... Canada's rig count at 327, up 31 compared to last week ... Chesapeake Energy (Oklahoma City, OK) agreed to acquire Gothic Energy for approx $345 million with stocks to create the 10th largest natural gas producer in the U. S. ... Buckeye Pipe Line Co. completed the acquisition of 6 petroleum products terminals from Agway Energy Products LLC, those are located in Brewerton, Geneva, Marcy, Rochester, and Vestal in New York and Macungie in Pennsylvania ...
(6/28) ... AGA reported an injection of 73 BCF into the natural gas storage, representing 47.6% full or 1,567 BCF, up from 45.3% last week ... down 22.9% compared to last year of 2,033 BCF ... the DOE reported crude oil stocks up 0.3 MMB at 295.5 MMB, distillate stocks up 0.4 MMB at 103.8 MMB, unleaded gasoline stocks up 1.5 MMB at 204.3 MMB ... Stockholders of National-Oilwell and IRI International approved the merger of the two companies ...
(6/27) ... API reported crude oil stocks up 2.25 MMB, distillate stocks down 0.35 MMB, unleaded gasoline stocks up 1.77 MMB, and refinery capacity up 0.9% at 96.3% compared to prior week's ...
(6/23) ... Baker-Hughes reported U. S. rig count at 893, up 22 compared to last week (690 for gas and 203 for oil) ... Canada's rig count at 296, up 45 compared to last week ... Mina Al-Ahmadi Kuwait's biggest refinery with 485,000-B/D capacity was shut down due to an explosion caused by a gas leak Sunday morning, killing 4 ... A tanker carrying 1,300 tons of crude sank off the coast of Cape Town, South Africa on Friday, causing a 20-square mile spill toward Robben Island ...
(6/22) ... Ocean Energy, ExxonMobil, and Government of Equatorial Guinea announced production began from the first well on the new Jade platform in the Zafiro field of 12,000 B/D bringing the total field production to 112,000 B/D ... Plains Energy Services (Toronto) accepted the sweetened offer from Precision Drilling Corp. ...
(6/21) ... AGA reported an injection of 64 BCF into the natural gas storage, representing 45.3% full or 1,496 BCF, up from 43.4% last week ... the DOE reported crude oil stocks down 4.6 MMB at 295.2 MMB, distillate stocks down 1.5 MMB at 103.4 MMB, unleaded gasoline stocks up 0.1 MMB at 202.8 MMB ... OPEC members agreed to boost production by 3% or 708,000 Barrels per day beginning July 1st ...
(6/20) ... API reported crude oil stocks down 4.38 MMB, distillate stocks down 0.51 MMB, unleaded gasoline stocks up 0.36 MMB, and refinery capacity up 1.4% at 95.5% compared to prior week's ...
(6/19) ... Conoco agreed to acquire Norssk Hydro ASA's interests in the Britannia, Alba, and Gryphon offshore fields for approx $450 million ... Weatherford International agreed to acquire Alpine Oil Services Corp. for approx $55 million in stocks ...
(6/16) ... Baker-Hughes reported U. S. rig count at 871, up 31 compared to last week (666 for gas and 205 for oil) ... Canada's rig count at 251, down 60 compared to last week ... the U. S. Department of Energy approved the release of 500,000 barrels of oil from the Strategic Petroleum Reserve to Citgo's refinery in Lake Charles, Louisiana as Citgo requested due to supply problem due to ship channel blockage ... Conoco also requested a similar volume later ...
(6/15) ... Heritage Propane Partners, L. P. (Tulsa, OK) agreed to merge with US Propane creating the 4th largest domestic propane marketer covering 485,000 customers in 28 states ... Pinnacle Oil International, Inc. (Calgary) changed its name to Energy Exploration Technologies ...
(6/14) ... AGA reported an injection of 78 BCF into the natural gas storage, representing 43.4% full or 1,430 BCF, up from 41.0% last week ... the DOE reported crude oil stocks down 1.4 MMB at 299.8 MMB, distillate stocks up 2.4 MMB at 104.7 MMB, unleaded gasoline stocks up 1.4 MMB at 202.7 MMB ... Apache agreed to acquire oil and gas properties in the Permian Basin and South Texas, mostly in the Stratton Field, Agua Dulce, Texas from Collins & Ware for more than $300 million ... Samson Investments (Tulsa, OK) completed the acquisition of East Texas gas properties from Torch E&P and Bellwether Exploration for approx $10.5 million ...
(6/13) ... API reported crude oil stocks down 2.10 MMB, distillate stocks up 1.16 MMB, unleaded gasoline stocks down 0.5 MMB, and refinery capacity down 0.7% at 94.0% compared to prior week's ...
(6/9) ... Baker-Hughes reported U. S. rig count at 840, down 26 compared to last week (643 for gas and 197 for oil) ... Canada's rig count at 311, up 41 compared to last week ...
(6/7) ... AGA reported an injection of 78 BCF into the natural gas storage, representing 41.0% full or 1,352 BCF, up from 38.7% last week ... the DOE reported crude oil stocks down 4.0 MMB at 301.2 MMB, distillate stocks up 4.4 MMB at 102.5 MMB, unleaded gasoline stocks up 0.2 MMB at 201.3 MMB ...
(6/6) ... API reported crude oil stocks down 4.35 MMB, distillate stocks up 3.15 MMB, unleaded gasoline stocks up 1.49 MMB, and refinery capacity up 0.1% at 94.7% compared to prior week's ... Bargo Energy (Houston, TX) announced the completion of the sale of its properties in Ardmore Basin to Le Norman Partners for approx $32 million and the sale of its interest in the Russell Clearfork Unit to Cross Timbers for approx $3 million ...
(6/5) ... 3TEC Energy (Houston, TX) completed the acquisition of oil properties in the Glenwood and White Oak fields in East Texas for approx $55 million ...
(6/2) ... Baker-Hughes reported U. S. rig count at 862, up 2 compared to last week (668 for gas and 198 for oil) ... Canada's rig count at 270, up 60 compared to last week ... Canada's CGX Energy (Vancouver) offshore drilling platform was force to move out of the Suriname-Guyana disputed area by Suriname's navy ... Louis Dreyfus Natural Gas was announced to be the highest bidder with $133 million for oil and gas properties of the bankrupt Costilla Energy ...
(6/1) ... the DOE reported crude oil stocks down 4.6 MMB at 305.2 MMB, distillate stocks up 0.7 MMB at 98.1 MMB, unleaded gasoline stocks down 2.5 MMB at 201.1 MMB ...
(5/31) ... AGA reported an injection of 56 BCF into the natural gas storage, representing 38.7% full or 1,274 BCF, up from 37.0% last week ... API reported crude oil stocks down 1.74 MMB, distillate stocks up 1.21 MMB, unleaded gasoline stocks down 2.19 MMB, and refinery capacity up 0.1% at 94.6% compared to prior week's ...
(5/30) ... Unleaded gasoline futures closed at $1.0024/gallon, highest since August 1990 at $1.11/gallon ...
(5/26) ... Baker-Hughes reported U. S. rig count at 864, up 15 compared to last week (662 for gas and 202 for oil) ... Canada's rig count at 210, up 18 compared to last week ... Pure Resources, Inc. is the new company formed by the merger between Unocal's oil and gas exploration assets in the Permian Basin and the San Juan Basin with Titan Exploration ... Devon Energy (New York) agreed to acquire Santa Fe Snyder Corp. in a deal valued at $2.35 billion in stock plus $1 billion in debt assumption ...
(5/25) ... Inland Resources (Denver, CO) signed a Letter of Intent to acquire the 25,000-B/D refinery in North Salt Lake City, 9 gasoline stations, and oil & gas properties in the Uninta Basin, Utah from Flying J Inc. for approx $50 million in cash plus the assumption of $5.8 million in debt ...
(5/24) ... AGA reported an injection of 55 BCF into the natural gas storage, representing 37.0% full or 1,218 BCF, up from 35.3% last week ... the DOE reported crude oil stocks up 1.0 MMB at 309.8 MMB, distillate stocks up 1.3 MMB at 97.4 MMB, unleaded gasoline stocks up 1.1 MMB at 203.6 MMB ... Indo Pacific Oil & Gas, a subsidiary of Fortune Oil & Gas (Vancouver), agreed to acquire all the shares of GFB Resources (Java) Ltd from Carmanah Resources Ltd (Calgary) including the Bawean Production Sharing Contract which covers 1,180 square miles in the Java Sea ... Vastar Resources approved BP Amoco's offer at $83 per share for the remaining 19.1% shares that they have not owned ... RWE Energie AG agreed to acdquire Exxon Mobil's 25% ownership in Thyssengas, a German natural gas transmission, distribution, and storage company, increasing their ownership to 75% ...
(5/23) ... API reported crude oil stocks down 1.33 MMB, distillate stocks up 0.42 MMB, unleaded gasoline stocks up 1.38 MMB, and refinery capacity up 0.7% at 94.5% compared to prior week's ... Aspen Group Resources (Oklahoma City, OK) agreed to acquire 33 producing oil wells in the El Dorado field, Butler County, Kansas from Flowers Estate with $1 MM cash plus stock ...
(5/19) ... Baker-Hughes reported U. S. rig count at 849, up 19 compared to last week ... Canada's rig count at 182, down 12 compared to last week ...
(5/18) ... Geodyne Energy (Calgary) acquired 65% interest and operationship of the Ramos Mexia field in Argentina with 5 producing wells for approx $2.4 million in cash and stock ...
(5/17) ... AGA reported an injection of 46 BCF into the natural gas storage, representing 35.3% full or 1,163 BCF, up from 33.9% last week ... the DOE reported crude oil stocks up 0.2 MMB at 308.8 MMB, distillate stocks up 0.3 MMB at 96.1 MMB, unleaded gasoline stocks up 1.7 MMB at 202.5 MMB ... Northern Lights Energy Ltd agreed to acquire oil and gas properties and equipment in Texas and 100% of the common stock of The American Energy Operating Corp. for approx $4 million ...
(5/16) ... API reported crude oil stocks down 2.23 MMB, distillate stocks down 0.66 MMB, unleaded gasoline stocks up 0.63 MMB, and refinery capacity up 1.3% at 93.8% compared to prior week's ...
(5/15) ... Weatherford International (Houston, TX) signed a Letter of Intent to acquire Alpine Oil Services (Calgary) for approx $55 million in common stock ... Valero Energy completed the acquisition of Exxon Mobil's 160,000-B/D refinery in Benicia, CA and 260-store retail distribution chain ... Aspen Group Resources (Oklahoma City, OK) acquired 55% and Hat Creek Exploration LLC acquired 45% of Briscoe Oil Operating covering 180 wells, mostly in Oklahoma ... Hunt Oil agreed to offer for all of the issued and outstanding common shares of Newport Petroleum Corp. ...
(5/12) ... Baker-Hughes reported U. S. rig count at 830, down 3 compared to last week (634 for gas and 196 for oil)... Canada's rig count at 194, up 24 compared to last week ...
(5/10) ... AGA reported an injection of 58 BCF into the natural gas storage, representing 33.9% full or 1,117 BCF, up from 32.2% last week ... the DOE reported crude oil stocks up 4.5 MMB at 308.6 MMB, distillate stocks down 0.6 MMB at 95.8 MMB, unleaded gasoline stocks down 1.7 MMB at 200.8 MMB ... Rio Alto Exploration Ltd (Calgary) agreed to acquire Renata Resources, in cash and share offer approx $67 million ...
(5/9) ... API reported crude oil stocks up 4.14 MMB, distillate stocks up 0.63 MMB, unleaded gasoline stocks down 0.85 MMB, and refinery capacity down 0.7% at 92.5% compared to prior week's ...
(5/8) ... AGL Resources (Atlanta) agreed to acquireVirginia Oil & Gas, a wholly subsidiary of Dominion Resources for approx $500 million in cash ... Le Norman Partners LLC agreed to acquire oil and gas properties in southern New Mexico from Bargo Energy for approx $32 million ...
(5/5) ... Baker-Hughes reported U. S. rig count at 833, up 35 compared to last week ... Canada's rig count at 170, up 44 compared to last week ...
(5/3) ... AGA reported an injection of 32 BCF into the natural gas storage, representing 32.2% full or 1,059 BCF, up from 31.2% last week ... the DOE reported crude oil stocks down 3.3 MMB at 304.1 MMB, distillate stocks up 2.7 MMB at 96.4 MMB, unleaded gasoline stocks up 1.8 MMB at 202.5 MMB ...
(5/2) ... API reported crude oil stocks down 7.89 MMB, distillate stocks up 3.24 MMB, unleaded gasoline stocks up 1.94 MMB, and refinery capacity up 1.5% at 93.2% compared to prior week's ... Texaco announced plan to acquire 20% interest in Energy Coversion Devices (Troy, MI) for approx $67.3 million to jointly develop and commercialize hydrogen alternative energy ... Mart Resources (Calgary) entered a letter of intent to acquire all issued and outstanding shares of Interbasin Resources covering 100% interest in an offshore exploration license in Nigeria ... Phillips Alaska and BP Amoco announced an oil field discovery in Alaska's North Slope which could contain 50 MMB with a well test of 4,000 B/D ...
(5/1) ... Conoco Canada Ltd closed the acquisition of Petro-Canada's natural gas liquid business including the Empress plant at Medicine Hat ...
(4/28) ... Baker-Hughes reported U. S. rig count at 798, down 19 compared to last week ... Canada's rig count at 126, up 2 compared to last week ... Seminole Transportation and Trading agreed to acquire Dynegy's domestic crude business including storages and pipelines ... Chevron owns 29% of Dynegy ... Green River Pipeline LLC agreed to acquire 35% in the Jonah Gas Gathering Co., Sublette County, WY from MCN Energy Group, its partner in the venture, for approx $45 million ...
(4/27) ... Southwestern Energy (Fayetteville, AR) agreed to acquire producing wells in the Overton field, Smith County, TX from Total Fina Elf for approx $6.5 million ...
(4/26) ... AGA reported an injection of 25 BCF into the natural gas storage, representing 31.2% full or 1,027 BCF, down from 30.6% last week ... the DOE reported crude oil stocks up 5.1 MMB at 307.4 MMB, distillate stocks up 0.9 MMB at 93.7 MMB, unleaded gasoline stocks down 1.3 MMB at 200.7 MMB ... Phillips Petroleum completed the acquisition of Arco Alaska after the Federal Trade Commission approved the deal (approx $ 7 billion) which is retroactive to 1/1/2000 ...
(4/25) ... API reported crude oil stocks up 4.25 MMB, distillate stocks up 0.22 MMB, unleaded gasoline stocks down 0.68 MMB, and refinery capacity down 0.3% at 91.7% compared to prior week's ... Ambra Resources (Vancouver, BC) acquired 25% of Venture Oil & Gas increasing holding from 50% to 75% ownership ...
(4/24) ... Louis Dreyfus Natural Gas Corp. agreed to acquire oil and gas assets of Costilla Energy for approx $100 million ... Seneca Resources (Buffalo, NY) agreed to acquire Tri Link Resources Ltd (Calgary) for approx $230 million ... Entergy Corp. and Koch Industries Inc. announced plans to form Entergy-Koch, L.P. ...

(4/21) ... Baker-Hughes reported U. S. rig count at 817, up 8 compared to last week ... Canada's rig count at 124, down 31 compared to last week ...
(4/20) ... Colonial Pipeline Co. repurchased 11.49% ownership from Mobil Pipeline Co., a subsidiary of Exxon Mobil ... Aspen Group Resources acquired 35 producing properties located in Oklahoma from Fer-Scher Exploration, LLC with stocks ...
(4/19) ... AGA reported a withdrawal of 25 BCF from the natural gas storage, representing 30.6% full or 1,008 BCF, down from 31.4% last week ... the DOE reported crude oil stocks up 5.5 MMB at 296.8 MMB, distillate stocks down 3.9 MMB at 92.8 MMB, unleaded gasoline stocks down 1.6 MMB at 202.0 MMB ...
(4/18) ... API reported crude oil stocks up 6.58 MMB, distillate stocks down 2.68 MMB, unleaded gasoline stocks down 2.84 MMB, and refinery capacity up 0.5% at 92.0% compared to prior week's ... Algeria's Sonatrach agreed to acquire 40% in the Rhourde El Baguel oil field from Atlantic Richfield for approx $350 million ...
(4/17) ... Chevron-Phillips is the new name of a joint venture between Chevron and Phillips of their chemical businesses ... Amerada Hess announced that they had acquired the Gassi El Greb Redevelopment Project (including the El Gassi, El Agreb, and Zotti fields from Sonatrach for approx $55 million and then would form a joint venture under the new name of SonaHess to operate those fields ... Samson Canada Ltd. agreed to acquire all of the outstanding shares of Calahoo Petroleum in a deal worth $94 million ... Anderson Exploration Ltd (Calgary) agreed to acquire Ulster Petroleum Ltd with an offer higher than that from Hunt Oil. ...
(4/14) ... Baker-Hughes reported U. S. rig count at 809, up 12 compared to last week (616 for gas and 193 for oil) ... Canada's rig count at 155, down 26 compared to last week ... Amerada Hess signed two contracts worth $579 million with Algeria's state-run Sonatrach, one for exploration in 350 miles square Block 410C with seismic and 4 wells and one for oil enhance recovery in the El Gassi, Zotti, and El Agreb fields ...
(4/13) ... the Federal Trade Commission approved BP Amoco Plc.'s purchase of Atlantic Richfield Co. ...
(4/12) ... AGA reported an injection of 2 BCF into the natural gas storage, representing no change at 31.3% full or 1,018 BCF ... the DOE reported crude oil stocks up 2.9 MMB at 296.8 MMB, distillate stocks down 0.6 MMB at 96.7 MMB, unleaded gasoline stocks down 0.2 MMB at 203.6 MMB, and propane stocks up 0.4 MMB at 21.9 MMB ... Aspen Group Resources Corp. is the new name for Cotton Valley Resources Corp. ... Crude sample from the detained Russian tanker tested to be from both Iran and Iraq ... Royal Dutch/Shell Group said it was their Iranian crude ...
(4/11) ... API reported crude oil stocks up 4.25 MMB, distillate stocks down 2.02 MMB, unleaded gasoline stocks up 1.85 MMB, and refinery capacity up 0.1% at 91.5% compared to prior week's ... BP Amoco agreed to pay $32 million to settle charge that it underpaid royalty on oil producing from federal and Indian leases ...
(4/10) ... Unocal Canada Resources planned to acquire 21.9 million common shares or 52.4% of (Calgary) which Unocal did not already own for approx $150 million ...
(4/7) ... Baker-Hughes reported U. S. rig count at 797, up 22 compared to last week (610 for gas and 187 for oil) ... Canada's rig count at 181, down 63 compared to last week ... Clark USA shut down most operations at its 232,000-B/D refinery in Port Arthur, Texas until early May ... the U. S. Navy stopped a Russian tanker in the southern Persian Gulf and took sample of crudes to test if it is from Iraq ...
(4/6) ... Pride International (Houston, TX), world's largest drilling contractor, completed the aquisition of Servicios Especiales San Antonio S.A., an oilfield service company in Argentina, Venezuela, Bolivia, and Peru, from Perez Companc S.A. for approx $78 million plus $17 million debt assumption ... Tosco (Stamford, CT) agreed to acquire the 295,000-B/D refinery near Wood River, Roxana, Illinois for approx $420 million from Equilon Enterprise, (a joint venture of Texaco and Royal Dutch/Shell Oil Co. ...
(4/5) ... AGA reported a withdrawal of 5 BCF from the natural gas storage, representing a decrease of 0.1% at 31.3% full or 1,021 BCF ... the DOE reported crude oil stocks up 1.5 MMB at 293.9 MMB, distillate stocks down 1.6 MMB at 97.3 MMB, and unleaded gasoline stocks up 2.7 MMB at 203.8 MMB ... Kinder Morgan Energy Partners L.P. completed the acquisition of Shell's 80% interest in Shell CO2 Company ... now owns 100% and planned to change the name to Kinder Morgan CO2 Co., L.L.C. ...
(4/4) ... API reported crude oil stocks up 4.59 MMB, distillate stocks down 2.52 MMB, unleaded gasoline stocks up 3.65 MMB, and refinery capacity up 1.0% at 91.4% compared to prior week's ... Forest Oil (Denver, CO) announced a natural gas discovery in the Gulf of Mexico, offshore Louisiana, tested 15.2 MMCF/D and 460 B/D from the Big "B" channel sand ...
(4/3) ... Anadarko (Houston, TX) agreed to acquire Union Pacific Resources Group (Fort Worth, TX) in a $4 billion stock swap ... UPRG would be a wholly owned subsidiary of Anadarko ... Duke Energy International agreed to acquire Mobil Europe Gas, the gas marketing in Europe from Exxon Mobil ... Playa Minerals & Energy agreed to merge with Regent Group to form Magna Resources, Inc. ... Bargo Energy (Houston, TX) acquired oil and gas properties from Texaco for approx $161 million ...
(3/31) ... Baker-Hughes reported U. S. rig count at 775, up 7 compared to last week ... Canada's rig count at 244, down 123 compared to last week ...
(3/30) ... Indo-Pacific Energy Ltd. completed the acquisition of interests in oil and gas properties in New Zealand, Australia, and Papua New Guinea from Trans-Orient Petroleum Ltd. for approx $4.1 million ...
(3/29) ... AGA reported a withdrawal of 43 BCF from the natural gas storage, representing a decrease of 1.3% at 31.4% full or 1,021 BCF ... the DOE reported crude oil stocks down 0.2 MMB at 292.4 MMB, distillate stocks down 2.7 MMB at 98.9 MMB, and unleaded gasoline stocks up 1.8 MMB at 201.1 MMB ... Iran announced plan to raise its production by 264,000 B/D and Mexico planned to raise 150,000 B/D ...
(3/28) ... API reported crude oil stocks down 1.24 MMB, distillate stocks down 1.62 MMB, unleaded gasoline stocks up 0.30 MMB, and refinery capacity up 0.3% at 90.4% compared to last week's ... Nine OPEC members, excluding Iran and Iraq, agreed to increase oil production by 1.45 million barrels per day or 6.3% ... Petrominerals Corp. (Foothill Ranch, CA) signed a letter of intent to purchase the stock of Hillcrest Beverly Oil Corp. (Los Angeles, CA) ... Ramoil Management Co. Ltd (Boca Raton, FL) signed a letter of intent to purchase York Resources, a natural gas producers in the Gulf of Mexico ... PowerSpring, a subsidiary of Metretek Technologies (Denver, CO) acquired Mercator Energy with 12.5% of PowerSpring stock and approx $1.2 million ...
(3/27) ... Conoco agreed to pay $26 million to settle court and administrative claims that Conoco underpaid oil and gas royalties ... An explosion occurred at the K-resin unit of Phillips Petroleum's chemical plant near Pasadena, Texas killing 1 and injured 71 ... the same complex had an explosion involving the K-resin unit in June 1999 and a series of explosions in October 1989 involving the polyethylene reactor...
(3/24) ... Baker-Hughes reported U. S. rig count at 768, up 4 compared to last week (600 for gas and 168 for oil) ... Canada's rig count at 367, down 67 compared to last week ... Exxon Mobil filed a lawsuit seeking to stop BP Amoco from selling Arco Alaska to Phillips Petroleum claiming that it has the first right of refusal based on contracts and agreements dated in 1964 ... BP Amoco said that Exxon Mobil only has the right to individual properties and not the whole company ...
(3/23) ... BP Amoco planned to form a joint venture with PetroChina, a unit of state-owned China National Petroleum, to market natural gas in eastern China ... BP Amoco agreed to take 20% of the initial public offer of PetroChina soon to be traded in the U. S. ... Exxon Mobil agreed to sell 49% interest in 318 gas stations in Austin, Dallas, and San Antonio to Tetco, 10 stations in the Dallas-Fort Worth area to Southland, and supply contracts for 102 stations in Houston and Bryan to Petroleum Wholesale ...
(3/22) ... AGA reported a withdrawal of 62 BCF from the natural gas storage, representing a decrease of 1.9% at 32.7% full or 1,064 BCF ... the DOE reported crude oil stocks up 1.7 MMB at 292.6 MMB, distillate stocks down 1.1 MMB at 101.6 MMB, and unleaded gasoline stocks up 0.5 MMB at 199.3 MMB ... Tuboscope agreed to merge with Varco International ... Power Exploration (Fort Worth) agreed to acquire Pepin Oil Co, Oklahoma, to become it wholly owned subsidiary... HYTK Industires (Bennedict, Kansas) agreed to acquire Mogg Energy Service covering 36 oil and gas wells ...
(3/21) ... API reported crude oil stocks up 4.70 MMB, distillate stocks down 0.39 MMB, unleaded gasoline stocks up 0.56 MMB, and refinery capacity up 0.9% at 90.1% compared to last week's ...
(3/20) ... Duke Energy agreed to acquire 20% interest in Canadian 88 for approx $34 million ... North Coast Energy (Twinsburg, Ohio) completed the acquisition of Peake Energy from Belden & Blake for approx $72.5 million ...
(3/17) ... Baker-Hughes reported U. S. rig count at 764, down 4 compared to last week (595 for gas and 169 for oil) ... Canada's rig count at 434, down 7 compared to last week ...
(3/16) ... Petro-Canada swapped its interest in the Valhalla and Wapity in northwest Alberta for Husky Oil's 4.99% in the Terra Nova field and 10% in the White Rose field, both are offshore Newfoundland ... Texas Eastern Products Pipeline Co. agreed to acquire the stock of ARCO's Pipeline ...
(3/15) ... AGA reported a withdrawal of 31 BCF from the natural gas storage, representing a decrease of 1.2% at 34.6% full or 1,126 BCF ... the DOE reported crude oil stocks up 0.4 MMB at 290.9 MMB, distillate stocks unchanged at 102.7 MMB, and unleaded gasoline stocks down 2.2 MMB at 198.8 MMB ... Phillips Petroleum agreed to acquire Arco's Alaskan operations including oil fields, pipeline, shipping operations, and assets from BP Amoco and Arco for approx $7 billion ...
(3/14) ... API reported crude oil stocks down 3.56 MMB, distillate stocks down 2.37 MMB, unleaded gasoline stocks down 2.05 MMB, and refinery capacity up 1.3% at 89.2% compared to last week's ... BP Amoco PLC agreed to acquire Burmah Castrol PLC, British's old lubricant company ... Aquila Energy (Kansas City, MO) agreed to acquire the marketing assets of US Gas Transportation (Dallas, TX) ...
(3/10) ... Baker-Hughes reported U. S. rig count at 768, down 22 compared to last week (594 for gas and 174 for oil) ... Canada's rig count at 441, down 22 compared to last week ... Enron Oil & Gas swapped its properties in Sacramento Valley, California and in western Gulf of Mexico for Oxy's Logansport field in north Louisiana and east Texas ... Enron Oil & Gas swapped its properties in Hemphill County, Texas and in northwest Oklahoma for Burlington Resources' properties in southeast New Mexico and west Texas in the Permian Basin ... Cotton Valley Resources (Oklahoma City, OK) acquired 53 properties in Oklahoma from EDB Energy L.L.C. with common stock of Aspen Group Resources ...
(3/9) ... Kinder Morgan Energy Partners, L. P., already owned 20% in Shell CO2 Co. Ltd., agreed to acquired the remaining 80% interest for approx $185.5 million, owning the largest domestic CO2 transportation and marketing business ...
(3/8) ... AGA reported a withdrawal of 29 BCF from the natural gas storage, representing a decrease of 0.9% at 35.8% full ... the DOE reported crude oil stocks up 4.6 MMB at 290.5 MMB, distillate stocks up 1.7 MMB at 102.7 MMB, and unleaded gasoline stocks up 4.5 MMB at 1201.0 MMB ... Occidental Petroleum agreed to acquire Altura Energy Ltd, a joint venture between BP Amoco PLC and Royal Dutch Shell AG for approx $3.6 billion with $1.2 billion in cash and borrowed $2 billion from BP Amoco and Shell ... Renaissance Energy agreed to acquire 3 oil properties (Pembina, Boundary Lake, and Cactus Lake) in western Canada from Petro-Canada for approx $220 million ... Samedan, Mediterranean Sea, announced a natural gas discovery 15 miles offshore Israel tested 33 MMCF/D from 6,800 feet ...
(3/7) ... API reported crude oil stocks up 7.62 MMB, distillate stocks down 0.36 MMB, unleaded gasoline stocks up 4.02 MMB, and refinery capacity down 0.1% at 87.9% compared to last week's ...
(3/6) ... Repsol, Apache, and Novus announced their gas discovery in the Khalde Concession in the western desert of Egypt, tested 25.3 MMCF/D and 139 B/D from 13,200 feet ... Iran, Libya, and Algeria questioned the need to increase world's production while Saudi Arabia, Venezuela, Kuwait, and Mexico believed in an increase in production ...
(3/3) ... Baker-Hughes reported U. S. rig count at 790, up 30 compared to last week (609 for gas and 181 for oil) ... Canada's rig count at 485, down 60 compared to last week ...
(3/2) ... Valero Energy agreed to acquire the 130,000-B/D refinery in Benicia near San Francisco and 340 service stations in California from Exxon Mobil for approx $895 million ... Conoco Canada Ltd acquired almost all natural gas liquid business of PetroCanada including the natural gas processing plant near Medicine Hat and 580-mile pipeline system ...
(3/1) ... AGA reported a withdrawal of 74 BCF from the natural gas storage, representing a decrease of 2.3% at 36.7% full ... the DOE reported crude oil stocks up 0.4 MMB at 285.9 MMB, distillate stocks up 1.7 MMB at 101.0 MMB, and unleaded gasoline stocks down 0.2 MMB at 196.5 MMB ... El Paso Field Services agreed to acquire 42.3% interest in the Indian Basin, Eddy County, New Mexico including gas processing and treating plant from ONEOK for approx $55 million ... Marathon is the operator ... Cantera Resources acquired all assets of gas processing business of TXU Processing (formerly Enserch Processing) including 9 processing plants and 1,800-mile of pipeline ...
(2/29) ... API reported crude oil stocks down 0.42 MMB, distillate stocks up 3.06 MMB, unleaded gasoline stocks down 0.60 MMB, and refinery capacity up 1.5% at 88.0% compared to last week's ... NiSource agreed to acquire Columbia Energy Group for approx $6 billion with cash and stocks also assuming $2.5 billion debt, both companies will be subsidiaries of a new holding company ... Key Production (Denver, CO), Miller Exploration, and Remington Oil & Gas announced a gas discovery in the south side of the Kola salt dome in Covington County, Mississippi test flowed 9.1 MMCF/D and 456 B/D from the Sligo and Rodessa at 14,400 feet ... EXCO Resources (Dallas, TX) acquired interests in 21 gas wells in Val Verde County for approx $12.2 million ...
(2/28) ... Energy Search (Knoxville, TN) agreed to acquire 46 wells and gathering system in 8,090 acres in Raleigh County, West Virginia from Cabot Oil & Gas ... Falcon Creek Resources agreed to acquire oil and gas properties in Lea County, New Mexico from Cross Timbers for approx $25.3 million ... Newfield Exploration (Houston, TX) completed the acquisition of 3 gas fields in Hidalgo, Brooks, and Kenedy Counties, south Texas for approx $141.4 million ...
(2/25) ... Baker-Hughes reported U. S. rig count at 760, up 13 compared to last week (604 for gas and 156 for oil) ... Canada's rig count at 545, up 8 compared to last week ... Cross Timbers agreed to sell its natural gas properties in Crockett County, Texas to a private company for approx $43 million ...

(2/24) ... the DOE reported crude oil stocks down 0.3 MMB at 285.5 MMB, distillate stocks down 0.2 MMB at 99.3 MMB, and unleaded gasoline stocks down 2.9 MMB at 196.7 MMB ... U.S. Energy Secretary Richardson believed that "US stocks are extremely ... dangerously low" and "Oil prices are too high" announced during his visit to some OPEC members ... Amerada Hess agreed to acquire Statoil Energy Services (Alexandria, VA), a provider of natural gas and electricity to Maryland, New York, Pennsylvania, Virginia, and Washington DC ...
(2/23) ... API reported crude oil stocks up 1.65 MMB, distillate stocks down 1.04 MMB, unleaded gasoline stocks down 0.43 MMB, and refinery capacity down 0.1% at 86.5% compared to last week's ... AGA reported a withdrawal of 136 BCF from the natural gas storage, representing a decrease of 4.2% at 39.0% full ... Republican presidential candidate John McCain said he would give serious consideration to release crude from the Strategic Petroleum Reserve to ease the high oil price ...
(2/18) ... Baker-Hughes reported U. S. rig count at 773, up 11 compared to last week (620 for gas and 153 for oil) ... Canada's rig count at 537, down 12 compared to last week ...
(2/17) ... the catalytic cracking unit at Phillips Petroleum's refinery in Sweeney, TX caught fire and was shut down, the rest of the 250,000-B/D refinery was not affected ...
(2/16) ... AGA reported a withdrawal of 158 BCF from the natural gas storage, representing a decrease of 4.9% at 43.2% full ... the DOE reported crude oil stocks down 0.2 MMB at 285.8 MMB, distillate stocks down 0.1 MMB at 99.5 MMB, and unleaded gasoline stocks down 1.3 MMB at 199.6 MMB ... Conoco planned to acquire 20% interest in the ExxonMobil-operated Zafar Mashal exploration block in the Caspian Sea ...
(2/15) ... API reported crude oil stocks down 2.57 MMB, distillate stocks down 1.19 MMB, unleaded gasoline stocks down 3.79 MMB, and refinery capacity up 2.2% at 86.6% compared to last week's ... Bridgeline Holding L.P., a new joint venture formed by Texaco's Bridgeline and Enron North America's Louisiana Resources, combined with more than 1,000 miles of pipeline and 7 BCF of salt dome storage capacity ...
(2/14) ... Iraq announced reduction crude oil export by 10% or between 200,000 and 300,000 B/D ... Tipperary Corp. (Denver, CO) acquired additional interest in the Comet Ridge coalbed methane project in Queensland, Australia for approx $5.2 million in cash and stock ... Tipperary already had 61.25% ownership interest ...
(2/11) ... Baker-Hughes reported U. S. rig count at 762, up 5 compared to last week (616 for gas and 146 for oil) ... Canada's rig count at 549, up 4 compared to last week ... Sunoco's 24-inch pipeline leaked 1,600 barrels into a icy pond at John Heinz Wildlife Refuge near Philadelphia, Pennsylvania ... all has been recovered ... Saudi Arabia's crude export to U. S. buyers has been 21 to 23% less than contract volume in recent month and was announced to be 25% less in March ...
(2/10) ...
EOG Resources agreed to swap its properties in northwest Oklahoma and Texas for Burlington Resources' properties in southeast New Mexico and in west Texas ...
Sunoco MidAmerica/b's Toledo Refinery begun the 40-day scheduled maintenance, will affect half of the 70,000-B/D capacity ...

(2/9) ... AGA reported a withdrawal of 213 BCF from the natural gas storage, representing a decrease of 6.5% at 48.1% full ... the DOE reported crude oil stocks up 3.5 MMB at 286.0 MMB, distillate stocks down 6.9 MMB at 99.6 MMB, and unleaded gasoline stocks down 0.5 MMB at 200.9 MMB ... Nicor and Natural Gas Pipeline Co. of America, a subsidiary of Kinder Morgan, agreed to be equal partner in Horizon Pipeline ...
(2/8) ... API reported crude oil stocks up 0.69 MMB, distillate stocks down 5.93 MMB, unleaded gasoline stocks up 1.93 MMB, and refinery capacity down 3.3% at 84.4% compared to last week's ... OneOK (Tulsa, OK) agreeed to acquire natural gas gathering and processing business in Oklahoma, Kansas, and Texas together with the marketing and trading, storage, and pipeline systems in the mid-continent region from Kinder Morgan ...
(2/7) ... The Russian tanker was found to carry Iraqi crude and was taken to Oman and was unloaded ... Russia claimed that the crude was from Iran ... Patterson Energy (Snyder, TX) agreed to acquire High Valley Drilling to add 8 more drilling rigs to their fleet of 119 rigs ... Marathon acquire 15% interest in the Mer Profonde Nord Block offshore Republic of Congo from Elf Congo ... Calumet Lubricants (Indianapolis) agreed to acquire the oil refinery in Rouseville, northwest Pennsylvania from Pennzoil-Quaker State for wax production ... Apache and Repsol announced two discoveries in Egypt, one well in the 3-million acre West Mediterranean Concession test flowed 23.4 MMCF/D and 1,685 B/D from 8,160 feet, and one well in the 1.4-million acre East Bahariya Concession test flowed 1,520 B/D and 0.5 MMCF/D from 7,570 feet ...
(2/4) ... Baker-Hughes reported U. S. rig count at 757, up 2 compared to last week (624 for gas and 133 for oil) ... Canada's rig count at 545, down 13 compared to last week ... Russian Foreign Minister demanded the U. S. to release the tanker Volga-Neft-147 in the Persian Gulf as it was detained by U. S. Navy in suspecting of carrying Iraqi crude ...
(2/3) ... The oil spill from Bolivia's Transredes' (partially owned by Royal Dutch/Shell and Enron) pipeline was caused a flash flood that broke the pipeline ... El Paso Energy agreed to acquire 1,088-mile portion of Plains All American's 1,223-mile 30-inch pipeline from West Texas to Bakersfield, California for approx $129 million ...
(2/2) ... AGA reported a withdrawal of 242 BCF from the natural gas storage, representing a decrease of 7.5% at 54.6% full ... the DOE reported crude oil stocks down 8.4 MMB, distillate stocks down 4.1 MMB, and unleaded gasoline stocks up 0.6 MMB ... the Federal Trade Commission voted to reject the merger between BP Amoco and Atlantic Richfield citing impacts on gasoline prices ... Washington State Attorney General's Office also planned to file suit to stop that BP Amoco and Arco merger ... Transredes' pipeline leaked 5,000 barrels into the River Desaguardero which flows into Lake Uru and Popo in southern Bolivia ... the leg of BHP's production platform on the Liverpool Bay field, Irish Sea was damaged by collision from a supply vessel forcing operations shut down affecting 280 MMCF/D and 40,000 B/D, no restart date announced ...
(2/1) ... API reported crude oil stocks down 10.42 MMB, distillate stocks down 2.40 MMB, unleaded gasoline stocks up 1.41 MMB, and refinery capacity up 2.0% at 87.7% compared to last week's ... OneOK (Tulsa, OK) agreeed to acquire 8 gas processing plants and 7,000 miles of pipeline in Oklahoma, Kansas, and Texas from Dynegy for approx $307.7 million ... Silver Eagle Refining acquired Inland Refining, Inc. with refineries in Woods Cross and Roosevelt, Utah from Inland Resources for approx half a million plus assumption of debts ...
(1/31) ... El Paso Field Services agreed to acquire Texas mid-stream properties (8,500-mile pipeline and 9 processing plants, and natural gas storage facilities) from PG&E Natural Gas Energy Group for approx $903 million ...
(1/28) ... Baker-Hughes reported U. S. rig count at 755, down 22 compared to last week (624 for gas and 131 for oil) ... Canada's rig count at 558, up 28 compared to last week ... Petrobras was fined $28.4 million and paid in cash with 30% discount ... Argentina's YPF SA sold its interest in Crescendo Resources LP, a natural gas operator in Texas and Oklahoma, to BP Amoco and Apache for approx $620 million ... Dominion Resources and Consolidated Natural Gas completed the merger ... CONSOL Energy (Pittsburg, PA) agreed to acquire Buchanan Production Co. (with coalbed methane gas properties in southwest Virginia) and MCNIC Oakwood Gathering plus 50% interest in Cardinal States Gathering System from MCN Energy Group for approx $169 million ...
(1/27) ... AGA reported a withdrawal of 195 BCF from the natural gas storage, representing a decrease of 6.0% at 62.1% full ... US Energy Secretary Bill Richardson did not "anticipate triggering the sale of the Strategic Petroleum Reserve" ... which "should only used in a supply emergency and not to control price" ...
(1/26) ... the DOE reported crude oil stocks down 2.4 MMB at 290.9 MMB, distillate stocks down 8.2 MMB at 110.6 MMB, and unleaded gasoline stocks up 2.6 MMB at 200.8 MMB ... Celcius Energy Resources Ltd (Calgary) purchased all of the outstanding shares of Canor Energy Ltd, involving 800 wells mostly in Alberta, for approx C$87.5 million ...
(1/25) ... API reported crude oil stocks down 3.00 MMB, distillate stocks down 8.29 MMB, unleaded gasoline stocks up 2.16 MMB, and refinery capacity down 0.6% at 85.7% compared to last week's ... Brazil President Fernando Henrique Cardoso ordered Petrobras to pay the maximum fine of $28 million for the massive oil spill last week ... Representative John Sweeney, NY-R, aked President Clinton to "give a drawdown (of the Strategic Petroleum Reserve) serious consideration" by Kansas Governor Bill Graves of the Interstate Oil & Gas Compact Commission said that "the SPR was not designed as tool for market manipulation" ...
(1/24) ... The tanker Liaza, owned by the Abu Dhabi National Oil, sank 4 miles off the coast of the emirate of Abu Dhabi and spilled 980 tons of heavy crude oil ... Reliance Services Group's Phoenix Wireline Ltd (Calgary) signed the letter of intent to acquire all of the shares of Pro Wireline Ltd, a cased hole wireline and perforation company with 20 wireline trucks, for approx $3 million ...
(1/23) ... last Tuesday's 8,170-barrel oil spill from Petrobras' pipeline at the Reduc refinery into the Guanabara Bay is now 12 miles from Rio de Janeiro's southern beach district heading to the city's wellknown beaches such as the Copacabana ... Petrobras is installing a total of 76,000 feet of buoys to form a barrier in fighting against the worst ecological disaster in 25 years ... last Friday's 2,250-barrel oil spill into the Gulf of Mexico has been disperssed chemically, the spill happened when an 8-ton anchor on the TransOcean Sedco Forex semi-submersible rig dropped accidently onto Equilon's Poseidon subwater pipeline ...
(1/21) ... Baker-Hughes reported U. S. rig count at 777, down 4 compared to last week (637 for gas and 140 for oil) ... Canada's rig count at 530, up 15 compared to last week ... Noble Drilling and Lime Rock Partners formed a 50/50 joint venture to acquire the Ocean Stotian, a jack up rig in the North Sea for approx $32.7 million and then renamed to Noble Julie Robertson ... Petrobras signed with Coastal do Brasil to be 75% interest partner in exploring on a 2,550-acre onshore block ...
(1/20) ... spot price for #2 Heating Oil went above $1/gallon mark ... the DOE reported crude oil stocks at 293.3 MMB, down 0.1 MMB, and distillate stocks at 118.8 MMB, down 3.9 MMB ... Slade Energy (Calgary) agreed to acquire Nustar Energy for approx $18.5 million with stock and debt assumption, including 2 main properties in the Peter/Meyer area of Alberta ...
(1/19) ... AGA reported a withdrawal of 110 BCF from the natural gas storage, representing a decrease of 3.3% at 68.1% full ... API reported crude oil stocks up 0.81 MMB, distillate stocks down 3.70 MMB, unleaded gasoline stocks up 1.00 MMB, and refinery capacity up 0.5% at 86.3% compared to last week's ... the American Petroleum Institute announced that they consider a lawsuit unless the Interior Department's Minerals Management Service changed their proposal of setting the oil royalty based on market oil price rather than on companies' internal posted price ... Quicksilver Resources (Fort Worth, TX) signed a letter of intent to acquire oil and gas properties in Michigan and the stock of Terra Energy from CMS Energy (Dearborn, MI) ...
(1/18) ... Kerr-McGee (Oklahoma City, OK) completed the acquisition of Repsol S.A.'s interests in the UK sector of the North Sea ... El Paso Energy (Houston, TX) agreed to acquire Coastal for $16 billion in stock and assumed debt, creating the world's largest distributor of natural gas ... MDU Resources (Bismarck, ND) agreed to acquire Great Plains Natural Gas, a natural gas distributor in western Minnesota and southeastern North Dakota, with stock exchange ...
(1/14) ... Baker-Hughes reported U. S. rig count at 781, down 5 compared to last week (638 for gas and 143 for oil) ... Canada's rig count at 517, up 113 compared to last week ... Crude oil closing price is highest since the Gulf War ($32 in January 1991) ...
(1/13) ... Harken Energy (Houston, TX) acquired various interest in 9 exploration prospects in Texas and Mississippi from Benz Energy with subordinated notes having a face value of $12 million ...
(1/12) ... AGA reported a withdrawal of 115 BCF from the natural gas storage, representing a decrease of 3.6% at 71.4% full ... the DOE reported crude oil stocks at 293.4 MMB, up 3.1 MMB ... oil ministers from Saudi Arabia and Venezuela set up a surprise meeting in Amsterdam ... creating expectation of producing countries would extend the production cuts past March ...
(1/11) ... API reported crude oil stocks up 1.71 MMB, distillates stocks up 2.40 MMB, unleaded gasoline stocks up 4.08 MMB, and refinery capacity down 3.9% at 85.8% compared to last week's ... CMS Field Services (Dearborn, MI) sold partial interests in the Northern Header gathering system to Enron and Northern Border Partners and then planned to expand into a new company of Bighorn Gas Gathering LLC to serve the coalbed methane market in northeastern Wyoming's Powder River Basin ... EXCO Resources (Dallas, TX) completed the acquisition of Western Gas Resources' interest in the Black Lake Unit and processing and treating facilities, Natchitoches Parish, Louisiana for approx $7.8 million ... Apache, Chevron, Contour Energy, Sabco Oil & Gas, and Key Production announced their discovery well in the Main Pass 77 block in the Outer Continental Shelf of the Gulf of Mexico producing 19.3 MMCF/D and 1,500 B/D ...
(1/10) ... Millennium Pipeline Co., a joint venture between Equilon Pipeline and Black Hills Energy Resources and Black Hills Millennium Pipeline, to transport crude from Beaumont to Longview, TX in the existing 67,000-B/D pipeline ... Cabot Oil & Gas acquired 9 producing gas wells and 43,000 acres in the Green River Basin, Wyoming from Petral Exploration ... Barrett Resources (Denver, CO) completed the acquisition of the remaining 6% working interest in certain properties that it operates in the Piceance Basin, western Colorado for approx $10.7 million ...
(1/7) ... Baker-Hughes reported U. S. rig count at 786, up 15 compared to last week (627 for gas and 159 for oil) ... Canada's rig count at 404, up 108 compared to last week ... Luis Carlos Valenzuela, Colombia's minister of mines and energy, resigned amid charges that he pressured the State oil company Ecopetrol to sell 70 MMCF/D at "a very low price" to Promigas in which Corfivalle, his former company, owned 14% stake ... Promigas is the Colombia's local unit of Enron ...
(1/6) ... Canadian Occidental Petroleum acquired 50% working interest in Block AC/RL3 in the Bonaparte Basin, offshore Australia, from BHP Petroleum (Bass Strait) ... Texaco's appraisal well in deepwater offshore Nigeria was announced largest single find with 10,000 B/D flow rate from one of five zones in a 45,000-acre structure ... CMS Energy (Houston, TX) agreed to acquire Sea Robin Pipeline Co. with one BCF/D capacity pipeline system in the Gulf of Mexico from El Paso Energy ...
(1/5) ... AGA reported a withdrawal of 133 BCF from the natural gas storage, representing a decrease of 4.1% at 75.0% full ... the DOE reported crude oil stocks at 290.3 MMB, down 1.8 MMB, and distillates stocks at 119.7 MMB, down 3.4 MMB compared against last week's ... Duke Energy Field Services agreed to acquire 5 low pressure gathering systems and 6 cryogenic plants plus 2,300 miles of pipeline in Oklahoma from Conoco and Mitchell Energy & Development ...
(1/4) ... API reported crude oil stocks down 1.57 MMB, distillates stocks down 2.32 MMB, unleaded gasoline stocks down 0.48 MMB, and refinery capacity up 0.4% at 89.7% compared to last week's ... Duke Energy Gas Transmission agreed to acquire all of the stock of East Tennessee Natural Gas Co., a wholly owned subsidiary of El Paso Energy for approx $386.3 million ... TransCanada Pipelines Ltd and Gulf Canada Resources Ltd announced the discovery of a new gas field with their exploratory well tested at 40 MMCF/D in the Dutch sector of the North Sea ... 3TEC (Houston, TX) agreed to acquire Magellan Exploration LLC ... Dublin International Petroleum (Egypt), Drucker Petroleum, and GHP Exploration (West Gharib) announced the commencement of oil sales from the Hana field, onshore Gulf of Suez, Egypt at 3,000 B/D ...
(1/3) ... the petroleum exchange market is closed today ... Equitable Resources (Pittsburg, PA) agreed to acquire StatOil Energy's oil and gas properties in Kentucky, Ohio, Pennsylvania, Virginia, and West Virginia, for approx $630 million ... BP Amoco acquired StatOil Energy's 250,000-B/D Ula pipeline (connecting Ula and Gyda oil fields to the Ekofisk field in the North Sea) ... Vintage Petroleum (Tulsa, OK) acquired oil and gas properties in the Ventura Basin, California from Nuevo Energy for approx $29.6 million ... Calpine acquired Vintage's oil and gas properties in northern Sacramento Basin, California for approx $70 million ... Woodside Petroleum (Perth, Australia) acquired interests in 43 Gulf of Mexico blocks from USX-Marathon for approx $25.6 million ...

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