Securities

Eagle Ford Drove Double-Digit Growth at Rosetta

Rosetta Resources Inc. said it achieved double-digit growth in production and proved reserves while it “significantly reduced” well costs during 2012. The company said it replaced 472% of production from all sources at a reserve replacement cost of $10.03/boe.

January 31, 2013

Chesapeake’s McClendon Loses Bonus, Some Perquisites

Chesapeake Energy Corp.’s board is withholding CEO Aubrey McClendon’s 2012 bonus and has cut some of his perquisites, according to a filing with the Securities and Exchange Commission.

January 14, 2013

SEC Challenged on Extractive Disclosure Rule

Four trade associations last Tuesday filed a lawsuit challenging a Securities and Exchange Commission (SEC) rule requiring publicly traded domestic oil and natural gas producers to disclose to the public commercially sensitive information that could put them at a major disadvantage with foreign-owned energy companies.

October 15, 2012

Associations Challenge SEC Extractive Disclosure Rule

Four trade associations Tuesday filed a lawsuit challenging a Securities and Exchange Commission (SEC) rule requiring publicly traded domestic oil and natural gas producers to disclose to the public commercially sensitive information that could put them at a major disadvantage with foreign-owned energy companies.

October 12, 2012

Transocean Offers $1.5B to Settle DOJ Claims

Transocean Ltd., which owned the Deepwater Horizon drilling rig, has offered to pay about $1.5 billion to settle U.S. claims for the April 2010 deepwater disaster, according to a Securities and Exchange Commission (SEC) filing on Monday.

September 12, 2012

SEC Adopts Disclosure for Oil, Gas Extraction Payments

In a setback for oil and natural gas producers, the Securities and Exchange Commission (SEC) last week narrowly voted out rules that would force U.S. producers to disclose commercially sensitive information that could put them at a major disadvantage with foreign -owned energy companies.

August 27, 2012

SEC Adopts Disclosure Rules on Oil, Gas Extraction Payments

In a setback for oil and natural gas producers, the Securities and Exchange Commission (SEC) Wednesday narrowly voted out rules that would force U.S. producers to disclose commercially sensitive information that could put them at a major disadvantage with foreign -owned energy companies.

August 23, 2012

Chimera, Pemex Collaborate on Non Hydraulic Extraction System

Chimera Energy Corp. officials traveled to Mexico City Monday to continue their discussions with Pemex on the use of the U.S. company’s new nonhydraulic extraction system that aims to replace hydraulic fracturing (fracking).

August 15, 2012

Ohio Investment Group Bankrupt, Agrees to Pay SEC $4.5M

A group of companies in Ohio that raised nearly $10 million from investors for oil and natural gas development projects has filed for bankruptcy and has agreed to pay the U.S. Securities and Exchange Commission (SEC) a $4.5 million judgment.

August 14, 2012

Industry Brief

Oklahoma City-based GMX Resources Inc. has hired Global Hunter Securities to help it sell a portion of the company’s Cotton Valley Sand liquids-rich natural gas properties in East Texas. A transaction is expected during the third quarter, GMX said. The company’s natural gas resources are in the East Texas Basin, in the Haynesville/Bossier shale and the Cotton Valley Sand Formation, where the majority of its acreage is contiguous, with infrastructure in place and substantially all held by production, GMX said. In early 2011 GMX branched out from its Haynesville/Bossier properties and acquired about 67,724 net acres within the core horizontal oil development areas of the Bakken/Sanish-Three Forks Formation in the Williston Basin and the Niobrara Formation in the Denver-Julesburg Basin (see Shale Daily, Feb. 2, 2011).

July 19, 2012