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News Article | February 23, 2017
Site: www.marketwired.com

CALGARY, ALBERTA--(Marketwired - Feb. 23, 2017) - Genoil Inc. (OTCQB:GNOLF), the publicly traded clean technology engineering company for the petroleum industry, today announced that it has filed its annual financial returns for 2016. The return announces that all non-related third party debt has been paid off, and in addition all the holders of the related party debt are committed to the future of the company. The corporation is actively working to turn Letters of Intent for projects into established and developed contracts. Genoil is approaching these negotiations as a General Contractor for these projects in co-operation with its partner, Beijing Petrochemical Engineering, a division of the Shaanxi Yanchang Petroleum Group, the fourth largest oil group in China. In addition, the company has announced that it is in high level discussions with major oil companies in the Middle East, North and South America. In a new venture for Genoil with its partner, the Hebei Zhongjie Petroleum Group M. V. completed a feasibility study by Shanghai Hoto Engineering Company, and is in talks for lining up financing for the resulting project. The feasibility study advanced the previous engineering feasibility conducted by a division of China National Petroleum Corporation, the third largest oil company in the world. Genoil is a publicly traded Canadian clean technology engineering company for the petroleum industries. Genoil is headquartered in Edmonton Alberta, with offices in Calgary, Sherwood Park, New York City, Constanta Romania, and Dubai & Abu Dhabi. Genoil's has developed its proprietary technology, the Hydroconversion Upgrader (GHU), which converts heavy crude oils and refinery bottoms into clean burning fuels for transportation industries including shipping. The GHU can be placed in remote locations, including receiving terminals, pipelines and ports. The company operates one of the largest and most advanced pilot & design test facilities in the world, from its 147-acre site in Alberta, Canada, The Genoil Hydroconversion Upgrader (GHU®), is an advanced upgrading and desulfurization technology, which converts heavy or sour crude oil into much more valuable light low sulfur oil for a very low cost. The Genoil GHU was designed to be versatile, can be placed at many different locations, either upstream at oil fields, or downstream at refineries, in a standalone form at ports and other logistical locations. The GHU achieves 96% pitch conversion and 95% desulfurization with an operating cost of up to 75% less than the competition. For Conoco Canada Ltd, Genoil converted their bitumen of 6-8.5 API and converted it to 24.5 API. We also removed 92% of the sulfur reducing the amount from 5.14 % to below 0.24%. These results were taken by Conoco Canada Ltd, who had them analyzed by Core Laboratories, one of the largest service providers of core and fluid analysis in the petroleum industry.


The project marks the second time Genoil will provide a complete solution, from oil field development through to production of 3.5m barrels per day of clean fuels CALGARY, ALBERTA--(Marketwired - Nov. 9, 2016) - Genoil Inc. (OTCBB:GNOLF), the publicly traded clean technology engineering company for the petroleum industry, today announced the signing of a $50 billion Letter of Intent (LOI) to develop oil fields and construct clean technology upgraders, refineries and pipelines in Russia. The project will incorporate Genoil's efficient clean technology hydroconversion (GHU) process, and mark the second time that Genoil will provided a complete integrated project, from the development of oil fields to the production of cleaner fuels. The scope of the project is to produce 3.5 million barrels per day. Genoil's hydroconversion process improves upon the existing data-verified Fixed Bed Hydroconversion technology, which is widely used worldwide. Currently, 85% of all desulphurisation is taking place worldwide via hydroconversion. Genoil's investment into hydroconversion projects can significantly increase the desulphurisation, demetalisation and denitrogenisation conversion rates, and increase operating efficiencies by 75%. In addition to the development of the oilfields and construction of the technology, the parties involved will also explore linking this new project to existing pipeline networks in the region. The finance will be provided in full from Chinese banks to the Russian companies involved. As agreed in the LOI, Genoil will be responsible for the design and construction of six million tonnes per year of new refinery capacity in Chechnya. To facilitate this, Genoil will organise a large consortium of Chinese engineering and services companies, with many years of operational experience, to provide all the necessary support and project guarantees. In addition to project guarantees, Genoil will arrange for a leading Chinese insurance company to insure the entire project. The LOI has been signed by the President of the Board of Directors of Grozneft, a former official in the administrative department of the Russian Federation. The Russian Government and the Ministry of Fuel and Energy of the Russian Federation, as well as other required ministries and departments will give their full support to this project to ensure timely completion. The project will be listed in a trade agreement, pact or cooperation agreement between Russia and China. Thomas F. Bugg, Vice President of Genoil Canada, commented: "The negotiation of this LOI marks an important milestone from Genoil, demonstrating that we can act as a service provider as well as a technology provider. Building on our previous Letter of Intent from a Chinese bank in April of this year, this latest agreement further supports our commitment to develop sustainable energy sources, helping to solve the supply challenges we face now and in the future." As with the project in the Middle East defined in the $ 5 Billion LOI signed in April 7, 2016(1). Genoil will be the master contractor in charge and in control of the project. Fuel produced from the projects will be exported to China through secured long-term contracts of up to 30 years. Genoil is a publicly traded Canadian clean technology engineering company for the petroleum industries. Genoil is headquartered in Edmonton Alberta, with offices in Calgary, Sherwood Park, New York City, and around the world. Genoil's has developed its proprietary technology, the Hydroconversion Upgrader (GHU), which converts heavy crude oils and refinery bottoms into clean burning fuels for transportation industries including shipping. The GHU can be placed in remote locations, including receiving terminals, pipelines and ports. The company operates one of the largest and most advanced pilot & design test facilities in the world, from its 147-acre site in Alberta, Canada. David Lifschultz, who is CEO of Genoil, was a partner of President Elect Donald Trump in Lifschultz Industries (http://genoil.ca/wp-content/uploads/2016/11/July-27-1992-Fortune.pdf) The Genoil Hydroconversion Upgrader (GHU®), is an advanced upgrading and desulfurization technology, which converts heavy or sour crude oil into much more valuable light low sulfur oil for a very low cost. The Genoil GHU was designed to be versatile, can be placed at many different locations, either upstream at oil fields, or downstream at refineries, in a standalone form at ports and other logistical locations. The GHU achieves 96% pitch conversion and 95% desulfurization with an operating cost of up to 75% less than the competition. For Conoco Canada Ltd, Genoil converted their bitumen of 6-8.5 API and converted it to 24.5 API. We also removed 92% of the sulfur reducing the amount from 5.14 % to below 0.24%. This test was entirely monitored by Conoco Canada Ltd, who also took all samples and had them analyzed by Core Laboratories, one of the largest service providers of core and fluid analysis in the petroleum industry.


News Article | February 15, 2017
Site: www.marketwired.com

CALGARY, ALBERTA--(Marketwired - Feb. 15, 2017) - Genoil Inc. (OTCQB:GNOLF), the publicly traded clean technology engineering company for the petroleum industry, today announced the appointment of Raushan Telyashev as Vice President of Genoil Middle East. Raushan Telyashev has a wealth of experience in the oil and gas industry prior to joining Genoil. Mr. Telyashev worked at Lukoil where he was deputy head of the department of construction, in charge of the execution of projects, and General Director of their design and research institute. Mr Telyashev was also manager of the petrochemical group of Shell companies. Most recently he has been General Director of LLC "Energy and engineering". Mr. Telyashev is the published author of many scientific and technical articles and patents, as well as being a member of a number of committees and councils, including the Skolkovo scientific and technical council of the Russian Federation's governmental industry development fund. In 2016 he was honoured with the certificate of appreciation from the Deputy Head of the Energy Council of the Parliament of the Republic of Iraq. He joins Genoil as the company expands and develops its operations in key strategic locations, including Russia and the Middle East. In April 2016, Genoil announced, in conjunction with consortium partner Beijing Petrochemical Engineering Co Ltd (BPEC), the receipt of a $5 billion Letter of Intent (LOI) for the funding of a 500,000-barrels per day (bpd) desulfurization and upgrading project located in the Middle East. Genoil's proprietary technology is the Genoil Hydroconversion Upgrader (GHU), an advanced upgrading and desulphurization technology, which converts heavy or sour crude oil into much more valuable low Sulphur oil, for a low cost. Genoil's innovation improves upon the existing data-verified Fixed Bed Reactor technology, which is widely used worldwide. Currently, 85% of all desulphurisation is taking place worldwide via hydroconversion. Genoil's technology, an investment into hydroconversion projects, can help further desulphurise fuel in order to be compliant with global 2020 legislation. Furthermore, it significantly increases the desulphurisation, demetalisation and denitrogenisation conversion rates, and increases operating efficiencies by 75%. Bruce Abbott, COO of Genoil, said: "The Middle East is naturally a critical market for Genoil, which is currently experiencing significant transformation on the back of volatile crude markets, and the demand for cleaner products within the fuel supply chain. Mr. Telyashev is hugely respected and has a wealth of experience, in conjunction with a detailed knowledge of our proprietary technology and the current market conditions. He is therefore perfectly placed to develop our business position in the region." Mr. Telyashev will be based in the Middle East & Russia. The appointment highlights the company's commitment to continued growth and development in expanding its business and developing partnerships with key stakeholders. In February 2017, Genoil announced the signing of a Memorandum of Understanding with one of the world's leading physical marine fuel suppliers, the Bomin Group, to collaborate on developing low sulphur fuel oil products for the shipping industry. Genoil is a publicly traded Canadian clean technology engineering company for the petroleum industries. Genoil is headquartered in Edmonton Alberta, with offices in Calgary, Sherwood Park, New York City, Constanta Romania, and Dubai & Abu Dhabi. Genoil's has developed its proprietary technology, the Hydroconversion Upgrader (GHU), which converts heavy crude oils and refinery bottoms into clean burning fuels for transportation industries including shipping. The GHU can be placed in remote locations, including receiving terminals, pipelines and ports. The company operates one of the largest and most advanced pilot & design test facilities in the world, from its 147-acre site in Alberta, Canada. The Genoil Hydroconversion Upgrader (GHU®), is an advanced upgrading and desulfurization technology, which converts heavy or sour crude oil into much more valuable light low sulfur oil for a very low cost. The Genoil GHU was designed to be versatile, can be placed at many different locations, either upstream at oil fields, or downstream at refineries, in a standalone form at ports and other logistical locations. The GHU achieves 96% pitch conversion and 95% desulfurization with an operating cost of up to 75% less than the competition. For Conoco Canada Ltd, Genoil converted their bitumen of 6-8.5 API and converted it to 24.5 API. We also removed 92% of the sulfur reducing the amount from 5.14 % to below 0.24%. These results were taken by Conoco Canada Ltd, who had them analyzed by Core Laboratories, one of the largest service providers of core and fluid analysis in the petroleum industry.


News Article | February 21, 2017
Site: www.marketwired.com

EnerCom Dallas will feature upside opportunities in oil and gas March 1-2, 2017 -- at the Tower Club Downtown Dallas DENVER, CO--(Marketwired - Feb 21, 2017) - Officially it may be winter, but for the oil and gas industry, the promise of spring started on Dec. 8, 2016. That's when WTI topped $50 and it has remained above that benchmark ever since, making asset development an economic business venture across many basins and global jurisdictions. Presenting companies will highlight asset development in key U.S. basins, Canada, Europe, Latin America On March 1 at 7:00 a.m. CST, just one week away, the EnerCom Dallas oil and gas investment conference will open its doors, allowing institutional investors to kick the tires of about 40 publicly traded independent oil and gas companies and oilfield tech companies who are working to develop assets around the globe. The conference follows EnerCom's familiar 25-minute CEO presentation format, with Q&A opportunity in separate breakout room, plus one-on-one meeting opportunities (if requested in advance at the attendee login tab at the registration button on the EnerCom Dallas website; one-on-one meetings with company executives are reserved for buyside portfolio managers and buyside analysts, space permitting). EnerCom first Texas-based investment conference has already received more than 500 conference pre-registrations for the two-day event, and remaining registrations are limited. A few of the presenting companies include top-tier Marcellus producer Range Resources ( : RRC), largest Williston basin oil producer Whiting Petroleum ( : WLL), Permian basin producer Pioneer Natural Resources ( : PXD), global reservoir optimization leader Core Laboratories ( : CLB), Delaware basin turnaround growth story WPX Energy ( : WPX), Permian/Eagle Ford leader Sanchez Energy and global drilling products and services frontrunner Flotek Industries ( : FTK). Additional presenting companies that have joined the EnerCom Dallas roster include Haynesville/TMS/Eagle Ford producer Comstock Resources, Inc. ( : CRK), emerging Wattenberg player PetroShare Corp. ( : PRHR) and TMS/Haynesville producer Goodrich Petroleum ( : GDPP), and GeoPark Limited ( : GPRK) -- oil producer in Colombia, Chile, Argentina, Brazil, Peru. Other EnerCom Dallas presenting companies include privately held Stage Completions which is creating technologies to boost completions, increase production and help operators achieve better well economics. Privately held BetaZi is a big data services provider for oil and gas asset evaluation. In addition to E&Ps who are developing assets throughout North and South America and Europe, the conference presenters include a number of Canadian operators such as Strategic Oil and Gas (TSX VENTURE: SOG), Saguaro Resources (private), Blackbird Energy (TSX VENTURE: BBI), Tamarack Valley Energy (TSX: TVE) and Manitok Energy (TSX VENTURE: MEI) developing Montney, Cardium and other assets in Alberta, Saskatchewan and British Columbia. Conference Dates and Location: The EnerCom Dallas oil and gas investment conference is being held at the Tower Club in downtown Dallas on March 1-2, 2017. Conference Registration: EnerCom is open to registrations for EnerCom Dallas from the professional investment community at the conference website. One-on-One Meetings: EnerCom is currently scheduling one-on-one meetings for buyside institutions to meet with management teams at the EnerCom Dallas conference. Registered money managers and analysts from buyside institutions may request company meetings on the conference website after logging in at the "Attendee Login" tab. EnerCom Dallas Company Presenters: A complete work in progress list of presenters is available at the Presenter Schedule tab on the EnerCom Dallas conference website. EnerCom, Inc., founded in 1994, is one of the oil and gas industry's most respected energy-focused management consulting and communications firms. EnerCom founded The Oil & Gas Conference® in 1996 in Denver and since then the firm has hosted more than 40 energy-focused investment conferences in Denver, San Francisco, London and Dallas. Global sponsors of EnerCom's conferences are Credit Agricole Corporate & Investment Bank; Netherland, Sewell & Associates; Preng & Associates; Hein & Associates LLP; and PLS. Sponsors of EnerCom Dallas are Wunderlich Securities; Fifth Third Bank; DNB Bank ASA; Haynes and Boone; MUFG; and CIBC. Register today for EnerCom Dallas at the conference website. Founded in 1994, EnerCom, Inc. is a nationally recognized management consultancy firm advising and serving energy-centric clients on corporate strategy, asset valuations, investor relations, media and corporate communications and visual communications design. EnerCom's professionals have more than 170 years of industry and business experience and a proven track record of success. Headquartered in Denver, EnerCom uses the team approach for delivering its wide range of services to public and private companies, large and small, operating in the global exploration and production, oil service, capital markets, and associated advanced-technology industries. EnerCom annually hosts two oil and gas investment conferences: Oil & Gas 360® (www.oilandgas360.com), founded and published by EnerCom, is an online energy-focused financial website written for the oil and gas industry and the professional investment community. Oil & Gas 360® covers daily energy financial news and developments within the global energy business. Subscribe to EnerCom/Oil & Gas 360®'s "Closing Bell Report" to stay abreast of key financial news in the oil and gas industry and the day's closing commodities prices and key indices, delivered to your inbox each weekday after the markets close. For more information about EnerCom and its services, please visit http://www.enercominc.com/ or call +1 303-296-8834 to speak with one of our consultants. Credit Agricole Corporate and Investment Bank is the corporate and investment banking arm of the Credit Agricole Group, the world's eighth largest bank by total assets (The Banker, July 2014). Credit Agricole CIB offers its clients a comprehensive range of products and services in capital markets, brokerage, investment banking, structured finance, corporate banking, and international private banking. The Bank provides support to clients in large international markets through its network, with a presence in major countries in Europe, the Americas, Asia and the Middle East. With headquarters in New York City, and U.S. offices in Houston and Chicago, Credit Agricole CIB Americas offers its corporate and institutional clients financial products and services and made-to-order structuring, origination and distribution, through both its banking unit Credit Agricole CIB, and the full service broker-dealer Credit Agricole Securities (USA) Inc., which is a member of the NYSE and NASD. Credit Agricole CIB is also present in Montreal, Canada, and in Latin America with offices in Argentina, Brazil, and Mexico. The Energy Industry represents the single largest concentration of industry exposure at Credit Agricole Corporate and Investment Bank, whose specialty focus dates back over 100 years. Our Energy practice for North America, located in Houston, focuses on all segments of the business and covers it on a truly global basis. Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. For a complete list of services or to learn more about Netherland, Sewell & Associates, Inc. please visit www.netherlandsewell.com. For more information about NSAI, call C.H. (Scott) Rees, Chief Executive Officer, at 214-969-5401 or send an email to info@nsai-petro.com. Preng & Associates, founded in 1980, is the only retainer-based, international executive search firm specializing solely in the energy industry. Its number one priority is to assist clients with their executive selection, organization development, and human resource needs by providing the highest quality service. Preng's record of accomplishment is directly attributable to their experienced staff, worldwide network of industry contacts, proven search methodology, and high standards of professionalism. Preng has conducted over 3000 searches for board, executive, management, and professional positions in its 35-year history and has the highest success and repeat client track record. Preng's practice is based on the premise that the search process is most effective when conducted by professionals with significant search industry experience. The company has earned a reputation for combining professional search disciplines with an in-depth industry and market understanding and has succeeded in some of the industry's most challenging and high-profile searches. Preng's international reach allows it to effectively conduct global engagements; and as a member of the Association of Executive Search Consultants, Preng practices and promotes its high standards of conduct and professionalism. For more information about Preng & Associates, contact Charles Carpenter, Partner at 713-243-2610 or ccarpenter@preng.com. For more than 30 years, Hein & Associates has been recognized as a leading accounting and advisory firm, where its people and clients share knowledge, thrive in a culture of teamwork, and build long-term relationships deeply rooted in integrity. With offices in Denver, Dallas, Houston and Irvine, Hein serves public and private companies in a variety of industries across the country. Hein is a member of two of the largest international associations of accounting and advisory firms, which allows us to provide seamless client care domestically and throughout the world. Hein is ranked as one of the "Top 100" accounting and advisory firms in the country by Accounting Today, and consistently recognized by Inside Public Accounting as a "Best of the Best" firm, an honor bestowed on only 25 firms each year, based exclusively on management performance. For more information, please contact James Brendel, CPA, CFE, Managing Partner, at jbrendel@heincpa.com or 303-298-9600. PLS was started in 1987 to adapt the real estate industry's highly effective MLS (multiple listing service) for the oil and gas industry. The firm takes its name from the simple concept of a "Petroleum Listing Service" but PLS has since expanded to provide operators and investors the information, marketing and advisory services they need to better manage their portfolios and facilitate profitable transactions. To that end, PLS publishes various listings, news and research reports; offers proprietary databases; hosts prospect and property expos; brokers and direct markets properties, prospects, overrides and midstream assets for sellers seeking additional services; and provides advisory and consulting services on an as needed or project basis. In total, over 2,000 independent companies and their 10,000+ professionals subscribe to one or more of PLS Core Reports, Regional Reports or Premium and Proprietary Databases. In addition, PLS divestment arm is one of the largest handlers of oil and gas asset sales in the mid to under market. Overall, PLS has handled over 900 projects worth an aggregate of $5.0 billion while its advisory arm has done over $1.0 billion in deals and continues to support clients in sourcing new opportunities and capital markets. For more information about PLS products or services, please visit www.plsx.com. Established in 1996 in Memphis, TN, Wunderlich Securities, a full-service brokerage firm, is committed to providing a comprehensive range of professional products and services to meet the needs of individual investors as well as corporations and institutions. The Firm offers financial advisory, brokerage, equity research and investment banking services. Fixed Income broker services are provided through Wunderlich Securities Fixed Income Capital Markets and WunTrade divisions of Wunderlich Securities. The firm operates in 26 offices across 15 states and has more than 450 associated professionals. For more information, please contact R. Kevin Andrews, Managing Director, Investment Banking, at (713) 403-3979 or visit www.wunderlichsecurities.com. About Fifth Third Bank Fifth Third Bank is a diversified financial services company with over $120 billion in assets. The Bank's energy group is comprised of experienced and knowledgeable individuals that can assist in providing and structuring financial solutions to meet their clients' needs across the upstream, midstream, downstream and services sectors. Solutions and capabilities include commodity hedging, interest rate management, foreign exchange, debt capital markets, treasury management, and depository/investment products. For more information, please contact Richard Butler at 713-401-6101 or richard.butler@53.com. DNB is Norway's largest financial services provider, with total assets approaching $400 billion. The bank has for years been a major provider of capital to the oil & gas industry, growing up literally side by side with the highly prolific fields developed in the Norwegian Sector of the North Sea. The Oslo Energy Office maintains a global financing strategy, and serves this market through multiple offices around the world including Houston, London and Singapore. Energy Americas, based in Houston, comprises approximately 20 seasoned energy finance professionals. Aside from facilitating the bank's global business strategies, the office concentrates primarily on serving middle market and larger customers in the four principal oil & gas sectors -- upstream, midstream, downstream and service -- as well as in Power and Renewables. The bank offers a variety of financial products, from traditional oil & gas reserve financing, to longer-term capital markets transactions and merger/acquisition advisory services through its broker-dealer arm, DNB Markets, Inc. Ancillary service capabilities include cash management/depository services, as well as commodity and interest rate hedging. For information on DNB's energy services, please visit the DNB energy website. Oil and gas is and has always been a volatile business, and today's environment is no exception. Haynes and Boone, LLP is an energy-focused corporate law firm, providing a full spectrum of legal services to our clients across the oil and gas industry, including the upstream, midstream, and downstream sectors. Evidence of our commitment to the industry is our opening of our Denver office this year to better serve our energy clients along with our existing offices in Texas, New York, California, Washington, D.C., Shanghai and Mexico City. Haynes and Boone lawyers from all offices work as a team to meet the legal needs of our domestic and international clients involved in oil and gas. We represent domestic and foreign public and private companies engaged in the dynamic day-to-day work of finding and extracting energy in the form of oil and gas and the banks, investment funds and other investors that support them. Our team of more than 100 energy lawyers, landmen and analysts understands the domestic and international physical and financial energy markets, and the firm has been helping both operators and lenders complete some of the largest financings in 2015/2016. With more than 550 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal. The Mitsubishi UFJ Financial Group (MUFG) is one of the world's leading financial groups, with total assets of approximately $2.3 trillion (USD) as of June 30, 2015. In 2014, MUFG integrated the U.S. operations of its subsidiary The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) with those of San Francisco-based Union Bank, N.A. This combined entity -- MUFG Union Bank, N.A., allows us to better serve our individual, corporate, and institutional customers in the United States, Canada, and Latin America by offering expanded global capabilities. MUFG has been a leading provider of banking services to the oil and gas industry in the Americas for more than 30 years, consistently ranking in the Top 10 Lead Arrangers and Top 10 Bond Arrangers in the Thomson Reuters Oil and Gas League Tables. We support clients across the industry -- from regional exploration and production to global diversified services companies -- that benefit from our focused approach, strong execution, and customized services. For more information please visit https://mufgamericas.com/oil-gas. CIBC is a leading North American bank headquartered in Canada and with offices around the world. CIBC was originally founded nearly 150 years ago, and has supported and financed the energy industry for many decades. CIBC was recently ranked as the strongest publicly traded bank in North America by Bloomberg, and is rated A+/Aa3 by S&P and Moody's, respectively. Our energy specialists draw on the breadth of CIBC's capabilities to provide market insights and creative solutions for our clients. Services include corporate banking, commodity and interest rate hedging and strategy, A&D advisory, and capital markets. CIBC is publicly traded on the NYSE and Toronto Stock Exchange under the symbol "CM" and has a market cap of $36 billion and nearly $400 billion in total assets. For more information, please visit the CIBC energy website.


News Article | February 15, 2017
Site: www.marketwired.com

Independent energy companies developing oil & gas assets in the U.S., Canada, Latin America and Southeastern Europe will present to institutional investors in Dallas, Mar. 1-2, 2017 DENVER, CO--(Marketwired - Feb 14, 2017) - EnerCom Dallas, EnerCom's Texas-based oil and gas investment conference, will bring together a slate of upstream producers and oilfield technology innovators working in key global oil and gas jurisdictions. Conference Dates and Location: The EnerCom Dallas oil and gas investment conference is being held at the Tower Club in downtown Dallas on March 1-2, 2017. Conference Registration: EnerCom is open to registrations for EnerCom Dallas from the professional investment community at the conference website. One-on-One Meetings: EnerCom is currently scheduling one-on-one meetings for buyside institutions to meet with management teams at the EnerCom Dallas conference. Registered money managers and analysts from buyside institutions may request company meetings on the conference website after logging in at the "Attendee Login" tab. EnerCom Dallas Company Presenters include, but are not limited to: EnerCom Dallas presenters also include: Range Resources ( : RRC), Whiting Petroleum ( : WLL), Core Laboratories ( : CLB), Sanchez Energy ( : SN), WPX Energy ( : WPX) and Pioneer Natural Resources ( : PXD). The two-day event features approximately 40 oil and gas producers, oilfield technology innovators, global energy economists and market strategists as presenters at this year's EnerCom Dallas oil and gas investment conference. EnerCom Dallas Conference Schedule: A work-in-progress conference agenda of presenters and speakers may be found on the EnerCom Dallas conference website. EnerCom, Inc., founded in 1994, is one of the oil and gas industry's most respected energy-focused management consulting and communications firms. EnerCom founded The Oil & Gas Conference® in 1996 in Denver and since then the firm has hosted more than 40 energy-focused investment conferences in Denver, San Francisco, London and Dallas. Global sponsors of EnerCom's conferences are Credit Agricole Corporate & Investment Bank; Netherland, Sewell & Associates; Preng & Associates; Hein & Associates LLP; and PLS. Sponsors of EnerCom Dallas are Wunderlich Securities; Fifth Third Bank; DNB Bank ASA; Haynes and Boone; MUFG; and CIBC. Register today for EnerCom Dallas at the conference website. Founded in 1994, EnerCom, Inc. is a nationally recognized management consultancy firm advising and serving energy-centric clients on corporate strategy, asset valuations, investor relations, media and corporate communications and visual communications design. EnerCom's professionals have more than 170 years of industry and business experience and a proven track record of success. Headquartered in Denver, EnerCom uses the team approach for delivering its wide range of services to public and private companies, large and small, operating in the global exploration and production, oil service, capital markets, and associated advanced-technology industries. EnerCom annually hosts two oil and gas investment conferences: Oil & Gas 360® (www.oilandgas360.com), founded and published by EnerCom, is an online energy-focused financial website written for the oil and gas industry and the professional investment community. Oil & Gas 360® covers daily energy financial news and developments within the global energy business. Subscribe to EnerCom/Oil & Gas 360®'s "Closing Bell Report" to stay abreast of key financial news in the oil and gas industry and the day's closing commodities prices and key indices, delivered to your inbox each weekday after the markets close. For more information about EnerCom and its services, please visit http://www.enercominc.com/ or call +1 303-296-8834 to speak with one of our consultants. Credit Agricole Corporate and Investment Bank is the corporate and investment banking arm of the Credit Agricole Group, the world's eighth largest bank by total assets (The Banker, July 2014). Credit Agricole CIB offers its clients a comprehensive range of products and services in capital markets, brokerage, investment banking, structured finance, corporate banking, and international private banking. The Bank provides support to clients in large international markets through its network, with a presence in major countries in Europe, the Americas, Asia and the Middle East. With headquarters in New York City, and U.S. offices in Houston and Chicago, Credit Agricole CIB Americas offers its corporate and institutional clients financial products and services and made-to-order structuring, origination and distribution, through both its banking unit Credit Agricole CIB, and the full service broker-dealer Credit Agricole Securities (USA) Inc., which is a member of the NYSE and NASD. Credit Agricole CIB is also present in Montreal, Canada, and in Latin America with offices in Argentina, Brazil, and Mexico. The Energy Industry represents the single largest concentration of industry exposure at Credit Agricole Corporate and Investment Bank, whose specialty focus dates back over 100 years. Our Energy practice for North America, located in Houston, focuses on all segments of the business and covers it on a truly global basis. Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. For a complete list of services or to learn more about Netherland, Sewell & Associates, Inc. please visit www.netherlandsewell.com. For more information about NSAI, call C.H. (Scott) Rees, Chief Executive Officer, at 214-969-5401 or send an email to info@nsai-petro.com. Preng & Associates, founded in 1980, is the only retainer-based, international executive search firm specializing solely in the energy industry. Its number one priority is to assist clients with their executive selection, organization development, and human resource needs by providing the highest quality service. Preng's record of accomplishment is directly attributable to their experienced staff, worldwide network of industry contacts, proven search methodology, and high standards of professionalism. Preng has conducted over 3000 searches for board, executive, management, and professional positions in its 35-year history and has the highest success and repeat client track record. Preng's practice is based on the premise that the search process is most effective when conducted by professionals with significant search industry experience. The company has earned a reputation for combining professional search disciplines with an in-depth industry and market understanding and has succeeded in some of the industry's most challenging and high-profile searches. Preng's international reach allows it to effectively conduct global engagements; and as a member of the Association of Executive Search Consultants, Preng practices and promotes its high standards of conduct and professionalism. For more information about Preng & Associates, contact Charles Carpenter, Partner at 713-243-2610 or ccarpenter@preng.com. For more than 30 years, Hein & Associates has been recognized as a leading accounting and advisory firm, where its people and clients share knowledge, thrive in a culture of teamwork, and build long-term relationships deeply rooted in integrity. With offices in Denver, Dallas, Houston and Irvine, Hein serves public and private companies in a variety of industries across the country. Hein is a member of two of the largest international associations of accounting and advisory firms, which allows us to provide seamless client care domestically and throughout the world. Hein is ranked as one of the "Top 100" accounting and advisory firms in the country by Accounting Today, and consistently recognized by Inside Public Accounting as a "Best of the Best" firm, an honor bestowed on only 25 firms each year, based exclusively on management performance. For more information, please contact James Brendel, CPA, CFE, Managing Partner, at jbrendel@heincpa.com or 303-298-9600. PLS was started in 1987 to adapt the real estate industry's highly effective MLS (multiple listing service) for the oil and gas industry. The firm takes its name from the simple concept of a "Petroleum Listing Service" but PLS has since expanded to provide operators and investors the information, marketing and advisory services they need to better manage their portfolios and facilitate profitable transactions. To that end, PLS publishes various listings, news and research reports; offers proprietary databases; hosts prospect and property expos; brokers and direct markets properties, prospects, overrides and midstream assets for sellers seeking additional services; and provides advisory and consulting services on an as needed or project basis. In total, over 2,000 independent companies and their 10,000+ professionals subscribe to one or more of PLS Core Reports, Regional Reports or Premium and Proprietary Databases. In addition, PLS divestment arm is one of the largest handlers of oil and gas asset sales in the mid to under market. Overall, PLS has handled over 900 projects worth an aggregate of $5.0 billion while its advisory arm has done over $1.0 billion in deals and continues to support clients in sourcing new opportunities and capital markets. For more information about PLS products or services, please visit www.plsx.com. Established in 1996 in Memphis, TN, Wunderlich Securities, a full-service brokerage firm, is committed to providing a comprehensive range of professional products and services to meet the needs of individual investors as well as corporations and institutions. The Firm offers financial advisory, brokerage, equity research and investment banking services. Fixed Income broker services are provided through Wunderlich Securities Fixed Income Capital Markets and WunTrade divisions of Wunderlich Securities. The firm operates in 26 offices across 15 states and has more than 450 associated professionals. For more information, please contact R. Kevin Andrews, Managing Director, Investment Banking, at (713) 403-3979 or visit www.wunderlichsecurities.com. About Fifth Third Bank Fifth Third Bank is a diversified financial services company with over $120 billion in assets. The Bank's energy group is comprised of experienced and knowledgeable individuals that can assist in providing and structuring financial solutions to meet their clients' needs across the upstream, midstream, downstream and services sectors. Solutions and capabilities include commodity hedging, interest rate management, foreign exchange, debt capital markets, treasury management, and depository/investment products. For more information, please contact Richard Butler at 713-401-6101 or richard.butler@53.com. DNB is Norway's largest financial services provider, with total assets approaching $400 billion. The bank has for years been a major provider of capital to the oil & gas industry, growing up literally side by side with the highly prolific fields developed in the Norwegian Sector of the North Sea. The Oslo Energy Office maintains a global financing strategy, and serves this market through multiple offices around the world including Houston, London and Singapore. Energy Americas, based in Houston, comprises approximately 20 seasoned energy finance professionals. Aside from facilitating the bank's global business strategies, the office concentrates primarily on serving middle market and larger customers in the four principal oil & gas sectors -- upstream, midstream, downstream and service -- as well as in Power and Renewables. The bank offers a variety of financial products, from traditional oil & gas reserve financing, to longer-term capital markets transactions and merger/acquisition advisory services through its broker-dealer arm, DNB Markets, Inc. Ancillary service capabilities include cash management/depository services, as well as commodity and interest rate hedging. For information on DNB's energy services, please visit the DNB energy website. Oil and gas is and has always been a volatile business, and today's environment is no exception. Haynes and Boone, LLP is an energy-focused corporate law firm, providing a full spectrum of legal services to our clients across the oil and gas industry, including the upstream, midstream, and downstream sectors. Evidence of our commitment to the industry is our opening of our Denver office this year to better serve our energy clients along with our existing offices in Texas, New York, California, Washington, D.C., Shanghai and Mexico City. Haynes and Boone lawyers from all offices work as a team to meet the legal needs of our domestic and international clients involved in oil and gas. We represent domestic and foreign public and private companies engaged in the dynamic day-to-day work of finding and extracting energy in the form of oil and gas and the banks, investment funds and other investors that support them. Our team of more than 100 energy lawyers, landmen and analysts understands the domestic and international physical and financial energy markets, and the firm has been helping both operators and lenders complete some of the largest financings in 2015/2016. With more than 550 attorneys, Haynes and Boone is ranked among the largest law firms in the nation by The National Law Journal. The Mitsubishi UFJ Financial Group (MUFG) is one of the world's leading financial groups, with total assets of approximately $2.3 trillion (USD) as of June 30, 2015. In 2014, MUFG integrated the U.S. operations of its subsidiary The Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) with those of San Francisco-based Union Bank, N.A. This combined entity -- MUFG Union Bank, N.A., allows us to better serve our individual, corporate, and institutional customers in the United States, Canada, and Latin America by offering expanded global capabilities. MUFG has been a leading provider of banking services to the oil and gas industry in the Americas for more than 30 years, consistently ranking in the Top 10 Lead Arrangers and Top 10 Bond Arrangers in the Thomson Reuters Oil and Gas League Tables. We support clients across the industry -- from regional exploration and production to global diversified services companies -- that benefit from our focused approach, strong execution, and customized services. For more information please visit https://mufgamericas.com/oil-gas. CIBC is a leading North American bank headquartered in Canada and with offices around the world. CIBC was originally founded nearly 150 years ago, and has supported and financed the energy industry for many decades. CIBC was recently ranked as the strongest publicly traded bank in North America by Bloomberg, and is rated A+/Aa3 by S&P and Moody's, respectively. Our energy specialists draw on the breadth of CIBC's capabilities to provide market insights and creative solutions for our clients. Services include corporate banking, commodity and interest rate hedging and strategy, A&D advisory, and capital markets. CIBC is publicly traded on the NYSE and Toronto Stock Exchange under the symbol "CM" and has a market cap of $36 billion and nearly $400 billion in total assets. For more information, please visit the CIBC energy website.


The study area, located in the northern rim of the Greater Green River Basin, Wyoming, is a large anticlinal feature with a complex structural history and extensive fracturing. The targets are the Late Cretaceous Steele Shale and the Niobrara Formation, having a combined thickness of 3700–4900 ft. The productive intervals have a depth ranging from 8500 to 13,000 ft. Total Organic Carbon content in one of the wells drilled, the Bare Ring Butte 4–36, ranges from 0.5 wt.% to 4.0 wt.% and averages 2.0 wt.%. Hydrogen Index ranges from 50 to 220 mg HC/g TOC. Gas content averages 30 scf/t (as-received) and porosity for the inferred pay zone is estimated at 3–6%. Matrix permeability is low, estimated to be 130 nD (nano-Darcy). Mineralogy in the above well consists of 40 wt.% quartz, with illite, fracture-filling calcite and chlorite also present. The shales are overpressured, have a gradient of 0.7 psi/ft., and they lie within the oil and condensate liquids windows. At Bare Ring Butte 4–36, vitrinite reflectance (%Ro, maximum) ranges from 0.85% at 8000 ft. to 1.20% at 10,200 ft. A distinct change in the maturation and vitrinite reflectance gradients with depth is evident in this well, which coincides with the top of the overpressure zone. The overpressure zone has a thin wet (oil) zone (34–46° API) at the top, followed by a thick gas-saturated zone underneath. A similar trend was also seen in at least four more wells in the Antelope Arch area. Using an imaging tool, three highly-fractured zones with a combined thickness of 600 ft. have been identified in the Steele/Niobrara interval in the Bare Ring Butte 4–36 well. The recoverable gas resource is estimated to be 5 Bcf/160 acres (1/4 section) using a recovery factor of only 5%. In the early 1980s, vertical wells tested 1.4 to 3.7 Mmcf/d following natural completion in the Steele Shale and Niobrara Formation. The closest analogue to the Steele Shale and Niobrara Formation is the stratigraphically-equivalent Baxter Shale in Wyoming. Questar E&P has drilled a number of vertical and horizontal wells in the Baxter Shale. Vertical wells that targeted fractured zones had IP (initial production) rates ranging from 1.8 to 9 Mmcf/d. Questar estimated a EUR (estimated ultimate recovery) of 8–16 Bcf for vertical wells drilled on 160-acres with recovery factors of 7–15%. A horizontal well (3000 ft. long) that encountered a natural fracture swarm had an IP rate of 9.1 Mmcf/d in the first 4–5 days before it stabilized at 2.7 Mmcf/d. With today's improved drilling and stimulation techniques, horizontal wells targeting the highly-fractured zones could improve productivity considerably. Because of the great thickness, highly-fractured character, and overpressured nature, the Steele Shale and Niobrara Formation could have greater resource potential than the normally-pressured Barnett Shale in the core area of the Fort Worth Basin. © 2016


Gentzis T.,Core Laboratories
Energy Sources, Part A: Recovery, Utilization and Environmental Effects | Year: 2011

This study describes the main technical challenges encountered while drilling the first horizontal coalbed methane well ever attempted in Canada. The well was drilled in the deep (>1,300 m), low-permeability (1-3 md) coals of the Lower Cretaceous Mannville Formation in the central Alberta Plains. The study also discusses the investigation that followed the occurrence of a few unexpected events during the drilling phase of the well, as well as the stability analysis of the horizontal borehole conducted. Suggestions are made on how to best mitigate the risk of getting the drill pipe stuck and potentially losing the hole along with drilling equipment. The findings are very instructive and should have an application in geological settings similar to those found in the Alberta Basin. Any modifications on how to drill horizontal wells in coal seams present at great depths and under high in-situ stresses must take into account the geomechanical properties of the target seam through triaxial testing, which should include obtaining the non-linear Hoek-Brown failure criterion and testing the coal core for very low confining stress. The lab-derived strength data may also have to be downgraded in order to predict, more realistically, the radius of the yielded zone around the wellbore and the horizontal borehole stability using geomechanical software, such as STABView and FLAC. © 2011 Copyright Taylor and Francis Group, LLC.


Gentzis T.,Core Laboratories
Energy Sources, Part A: Recovery, Utilization and Environmental Effects | Year: 2011

This study documents a comprehensive investigation of the in-situ stress magnitude and orientation data from borehole breakouts, mini- and micro-fracture tests, bulk density logs and other stress data, for strata in or adjacent to the Mannville Group and Edmonton Group coals in a part of the west-central Alberta Basin, Canada. The horizontal in-situ stress orientation data can be used to plan horizontal well trajectories in the coal strata of interest to intersect natural fractures and cleats possessing the highest permeability. Horizontal stress orientation data can also be used to assess the effects of well trajectory or borehole collapse risks during drilling, completions, and production operations. Subtle variations in the vertical total stress in the study area may reflect similar trends in the mean effective stress. However, this would need to be confirmed with more complete horizontal stress magnitude and formation pressure data. Copyright © Taylor & Francis Group, LLC.


Gentzis T.,Core Laboratories
International Journal of Coal Geology | Year: 2013

The Paleocene-age Wasatch and Fort Union Formations in the study area contain numerous coal seams that are interbedded with shale, sandstone, and conglomerates. Individual seam thickness ranges from 2 to 15ft (0.6-4.6m) and aggregate thickness ranges from 64 to 163ft (19.5-49.7m). The coals are of sub-bituminous to high-volatile C/B bituminous rank (Ro,ran=0.47 to 0.59%) and are found at depths from <2000 to 6000ft (610-1579m). Gas content ranges from 115 to 263scf/t or 3.59-6.92cm3/g (ARB), which is higher than expected for the coal rank. The coals appear to be close to full saturation, based on a comparison of adsorption isotherms with desorption data. The coals pinch-out updip in the subsurface forming a stratigraphic trap, which may explain the high gas content and the mixed biogenic-thermogenic origin supported by isotopic analysis. Gas composition is 97% methane with 3% inerts, and the gas has a heating value of 990BTU/ft3. The coals are relatively clean (average ash content is 15wt.%) and have fast diffusivity (63% of total gas desorbs in <16h). A valid pressure transient test in a coal seam at 3140ft (957m) depth showed permeability to be 14mD (un-stimulated). The coal reservoir was normally-pressured reservoir (0.44psi/ft or 9.7kPa/m) but was heavily damaged (skin of +23). Another coal seam located at 4100ft (1250m) had a modeled permeability of 2.6 to 4.6mD, which was estimated from long-term water production. Potential recoverable resource is thought to be 700BCF (billion cubic feet or almost 20 billion m3) with wells drilled on 80-acre spacing, which translates to a gross EUR of 1.4BCF per well for the 500 well locations identified in the developable acreage. Based on numerical simulation using the simplistic FeketeTM model, peak coal gas rate is expected to be 320MCF/D (9014m3 per day) after 36months, and production should remain at that level for 12months before declining at a rate of 10% per year. Conventional gas potential also exists in numerous intervals within the Upper Fort Union and Wasatch Formations sandstones at depths shallower than 2000ft (526m). Few wells drilled decades ago, having perforations in these sands, showed IP (initial production) rates ranging from 500MCF/D (14,084m3 per day) to 12MMCF/D (338,028m3 per day). A 24-inch (60cm) diameter pipeline that has an operating pressure of 800-1000psig, a tap, and a capacity of 275MMCF/D (7.74 million m3 per day) crosses the study area. The pipeline is connected to the Colorado Interstate Gas mainline, which provides gas to markets in the eastern United States. © 2012.


Gentzis T.,Core Laboratories
International Journal of Coal Geology | Year: 2013

Oil hosted in a rock taken from a seep exposed by a road cut in north-central Peru was studied by geochemical means. The oil is classified as heavy paraffinic (waxy) by liquid chromatography. The oil appears to be highly mature, showing evidence of chemical and/or biological degradation. This is further supported by relatively high yields of polar fractions (resins and asphaltenes), partial depletion of n-alkanes below C16, and a relative enrichment of isoprenoid hydrocarbons. The n-alkane distribution obtained by whole-oil gas chromatography (GC) also points to mature, waxy oil. Pristane/phytane and isoprenoid ratios suggest that Type II kerogen deposited in low-oxygen (dystrophic) environment was likely the source of the oil. Biomarker fingerprints of the saturate fraction obtained by gas chromatography-mass spectrometry (GC-MS) and other characteristic ratios indicate the high level of thermal maturation of the oil and suggest that the oil was derived from a clay-rich source rock rich in bacterial-derived organic matter deposited in suboxic conditions. Aromatic biomarker data confirm the high level of thermal maturity of the oil and point to a mixed shale/carbonate source rock deposited in a sulfate-poor marine environment. The parent oil most likely has a pre-Cretaceous source due to the absence of 18 α (H) oleanane and the fact that the C28 αββ/C29 αββ steranes and the C28 αββ/C29 αββ sterane vs. C27 αββ/C29 αββ sterane ratios are both comparable to values reported for oils derived from the Jurassic Pucara Formation source rock in the nearby Marañon Basin. © 2012 Elsevier B.V.

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