Legacy Reserves LP announced second quarter results for 2016.
Torchlight Energy Resources, Inc. announced that the Flying B Ranch #1 has been drilled to a total depth of 6470 feet.
Legacy is continuing to pursue a few other select opportunities with the aim to complete a total of $100 million of asset sales during the first half of 2016.
Produced 44,820 barrels of oil equivalent per day, up approximately 16% from the comparable third quarter of 2014.
Lynden Energy Corp. reports financial and operating results, and reserves, for the year ended June 30, 2015.
Updated hedge position providing greater cash flow protection from sustained lower oil prices in summer 2015 and Midland-to-Cushing differentials.
Energen also reported that production in the 4th quarter was near the low end of the company’s guidance range due to the timing of completions and a longer-than-estimated flow-back period.
JP Energy Partners LP has signed a 10-year fee-based gathering agreement with Discovery Natural Resources LLC to construct and operate an extension of its Silver Dollar Pipeline crude oil gathering system into the core of the Midland Basin.
Cary D. Brown, Chairman, President and CEO, commented: "The dramatic drop in oil and gas prices has directly impacted our asset-level project returns."
Managing Director Laurence Roe commented, "The stimulation program at Taree 193 #1 went well, with oil and gas shows appearing on the third day of flow-back."