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Oil and Gas Investors Capital Formation: Near and Present Future of RBLs

2021-05-17 10:00:00| OGI

Fewer and fewer commercial banks are making reserve-based loans for oil and gas producers, and those that do are tightening up the borrowing base. Heres an update on whats happening within this area of the capital stack, and where its going.

Tags: of present future capital

 

Marketed: PetroRock Cat Canyon Oil Field, Santa Barbara County, California

2021-05-14 21:05:00| OGI

PetroRock LLC retained TenOaks Energy Advisors for the sale of certain operated properties in the Cat Canyon oil field in the Santa Maria Basin in Californias Santa Barbara County.

Tags: field california county cat

 
 

US Drillers Add Oil Rigs as Crude Futures Rise

2021-05-14 19:29:08| OGI

U.S. oil rigs rose eight to 352 this week, their highest since April 2020, while gas rigs fell three to 100 in their biggest weekly decline since July 2020.

Tags: add oil rise futures

 

First Oil Loaded at Max Midstreams Port of Calhoun Terminal

2021-05-14 17:02:16| OGI

Max Midstream has connected to the port from the Eagle Ford; connection to the Permian is next.

Tags: max port oil terminal

 

US Senator Floats Bill to Aid States Hit by Federal Oil Leasing Pause

2021-05-14 11:10:00| OGI

President Joe Biden signed an executive order in January pausing new oil and gas leasing on federal lands and waters that account for around 25% of the nation's petroleum production pending a review of its impacts.

Tags: states hit bill federal

 

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