Dune Energy Company News

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Some Bankrupt Oil and Gas Drillers Can't Give Their Assets Away
Oil is in free fall and winners and losers are emerging from the energy bust.
7:00 PM EST | January 19, 2016
American Eagle Energy Seeks Bankruptcy After Oil Price Drop
American Eagle Energy Corp. files for bankruptcy protection in Colorado after the slump in crude prices prevented it from servicing debt it took on less than a year ago.
8:00 PM EST | May 10, 2015
Dune Energy to Sell Stakes in South Florence Field
Dune Energy has reached an agreement in principle to sell its interests in the South Florence field for $30 million to a private party. Dune Energy also reported its 2010 drilling plans.
8:00 PM EST | April 28, 2010
Dune Posts '08 Earnings, Provides '09 Operational, Production Guidance
Dune ended the fourth quarter of 2008 with approximately $15 million of cash after investing approximately $18.7 million in capital projects in the quarter and paying $15.8 million interest on $300 million of 10.5% Senior Secured Notes.
7:00 PM EST | January 13, 2009
Dune Energy Posts 3Q Financial, Operating Results
Dune Energy announced financial and operating results for the third quarter ended September 31, 2008.
7:00 PM EST | November 06, 2008
Dune Energy: Ramping Up Louisiana Production
Dune Energy says that all but three fields have begun ramping up production to pre-Gustav levels. The fields that are still off-line should all be back up by November 1st.
8:00 PM EST | September 23, 2008
Dune Notes Higher Production Results for Q2
Dune energy noted that production volumes for the second quarter totaled 263 Mbbls of oil and 1.6 Bcf of natural gas, or 3.2 Bcfe, as compared with 94 Mbbls of oil and 0.62 Bcf of natural gas, or 1.18 Bcfe for the second quarter of 2007.
8:00 PM EST | August 10, 2008
Dune Drills State Lease Well at Garden Island Bay Field
Dune commenced drilling the State Lease 214 #912 well at its Garden Island Bay Field, located in Plaquemines Parish, Louisiana. Garden Island Bay has been producing approximately 1,500 B/d of oil plus 1.5 MMcf/d of natural gas.
8:00 PM EST | July 22, 2008
Dune Increases Production and Revenue in 2007
Dune Energy reported that revenue for the fourth quarter totaled $39.8 million and $84.3 million for calendar year 2007.
8:00 PM EST | March 10, 2008
Dune Energy Capital Spending for 2007 Rings in at $149.1 Million
Capital spending in 2007, exclusive of the Goldking Energy acquisition and ARO (Asset Retirement Obligation), was $149.1MM, resulting in an unaudited Finding and Development (F&D) cost of $3.25/Mcfe.
7:00 PM EST | February 04, 2008
Several Wells Awaiting Completion for Dune Energy
Several wells completed drilling prior to year end 2007 and are now awaiting completion and/or production hook-up. The drilling program in the Barnett Shale continues, and we currently have 35 wells producing, 2 wells in various stages of completion.
7:00 PM EST | February 04, 2008
Dune Anticipates Production Ramp-Up in Late 2008
Earlier in the year Dune Energy set a 2008 production target of 20 Bcfe, or an average of 55 Mcfe/day for the full year. Fourth quarter 2007 production was 3.8 Bcfe.
7:00 PM EST | February 04, 2008
Dune Increases Year-Over-Year Reserves 490%
Dune Energy Inc. reported year-end 2007 reserves totaled 175 Bcfe, consisting of 117 Bcf of natural gas and 9.6 MMbbls of oil. Approximately 67% of the reserves are natural gas.
7:00 PM EST | February 04, 2008
Dune Energy Assumes Operatorship at Bayou Couba Field
Dune Energy has become operator of the Bayou Couba Field, located in St. Charles Parrish, Louisiana effective September 1, 2007.
8:00 PM EST | September 05, 2007
Dune Acquires Goldking
Dune Energy, Inc. on Tuesday closed its previously announced purchase of 100% of the capital stock of Goldking Energy Corp.
8:00 PM EST | May 15, 2007
Dune to Acquire Goldking for $320.5M
Dune Energy, Inc. has entered into a definitive Stock Purchase and Sale Agreement (the "SPA") to acquire all of the outstanding capital stock of Goldking Energy Corporation, for total consideration of $320.5 million.
8:00 PM EST | April 18, 2007
Dune Acquires Louisiana Acreage Contiguous to Bayou Couba Property
Dune Energy, Inc. on Tuesday reported its acquisition of Louisiana State Lease 19246, which totals 2,498 acres and is located on the north shore of Lake Salvador.
7:00 PM EST | January 29, 2007
Dune Expands Interest at Bayou Couba
Dune Energy, Inc. said that it purchased from TransAtlantic Petroleum Corp. (TNP), TNP's 10% working interest and related interests in the Bayou Couba project, St. Charles Parish, La., held by its subsidiary, TransAtlantic Petroleum (USA) Corp.
7:00 PM EST | December 25, 2006
Dune Places Two South Texas Wells on Production
Dune Energy, Inc. said Friday that it had, pursuant to its farmout agreement with Chesapeake Energy Corp., completed and placed on production two wells on its Welder Ranch property, located in Victoria County, Texas.
7:00 PM EST | November 02, 2006
Dune Energy Announces Record Production Levels
Dune Energy has placed nine wells on production since August 30, 2006. Stabilized rates from these new wells has added gross production of 10.0 million cubic feet per day (MMcfe/d), bringing the Company's total daily gross production to 12.3 MMcfe/d.
8:00 PM EST | October 18, 2006
Dune Energy Closes Acquisition of Barnett Shale Properties for $7.0 Million
Dune Energy has entered into a Second Amended Purchase and Sale Agreement with Voyager Partners and will acquire 95% of Voyager's interest in producing and non-producing natural gas and oil properties, plus unrelated property and equipment.
8:00 PM EST | October 15, 2006
Dune Energy Amends Credit Facility
Dune Energy has entered into an amended credit agreement which provides for a commitment of up to $50 million.
8:00 PM EST | September 27, 2006
Dune Energy Places Smith-East #1 Well on Production
Dune Energy reports that the Smith-East #1 well, located in Denton County, Texas, was placed on production on September 5, 2006. The Smith-East #1 flowed at an initial production rate of 3.4 MMCF/D on an 18/64 inch choke.
8:00 PM EST | September 06, 2006
Dune Energy Begins Production at Underwood #1
Dune Energy reports that the Underwood #1 well, located in Denton County, Texas, was placed on production on August 28, 2006. For an initial 16 hour period, the Underwood #1 flowed at a rate of 2.4 MMCF/D on an 18/64 inch choke.
8:00 PM EST | August 29, 2006
Dune Energy Spuds New Barnett Shale Well
Dune Energy has spudded a new well targeting the Barnett Shale formation. The well, the Pitts #2, located in Wise County, Texas, will be drilled to a total depth of approximately 9,000 feet.
8:00 PM EST | August 28, 2006
Dune Energy Reaches TD at McPeek Barnett Shale Well
Dune Energy reports that its Foster-McPeek #1 well has reached total depth of 9,036 feet, and encountered a Barnett Shale section comparable to the section on our adjacent wells, McPeek #1 (currently producing) and McPeek #2.
8:00 PM EST | August 24, 2006
Dune Spuds New Barnett Shale Well
Dune Energy, Inc. said Monday that it had spudded a new well targeting the Barnett Shale formation. Foster-McPeek #1, located in Denton County, Texas, will be drilled to a total depth of approximately 9,000 feet.
8:00 PM EST | July 30, 2006
Dune Energy Announces Barnett Shale Discovery
Dune Energy, Inc. said that its McPeek #2 well has reached a total depth of 9,044 feet and encountered a significant Barnett Shale section. The McPeek #2 is presently in the process of completion.
8:00 PM EST | July 24, 2006
Dune, Chesapeake Agree to Welder Ranch Farm Out
Dune Energy, Inc. said that it has entered into a farm out agreement with Chesapeake Energy Corp. covering Dune's Welder Ranch property, located in Victoria County, Texas.
8:00 PM EST | July 23, 2006
Dune Spuds New Barnett Shale Well
Dune Energy, Inc. has spudded a new well targeting the Barnett Shale formation.
8:00 PM EST | June 28, 2006
Dune Energy Increases Barnett Shale Position
Dune Energy has acquired additional leaseholds located in Denton County, Texas, on the fairway of the Fort Worth Basin Barnett Shale.
8:00 PM EST | June 01, 2006
Dune Energy Successfully Completes Initial Barnett Shale Well
Dune Energy has successfully completed, and subsequently placed on production, its initial well drilled in the Barnett Shale, located in Denton County, Texas.
8:00 PM EST | April 20, 2006
Dune Energy Encounters Gas at Welder Ranch Well
Dune Energy has completed the Welder Heirs #2 as a natural gas producer.
8:00 PM EST | April 05, 2006
ANEC Plans to Expand 3D Seismic Inventory
American Natural Energy Corporation (ANEC) has agreed to participate in a 3D Seismic survey being conducted by New Orleans-based Seismic Exchange, Inc.(SEI).
7:00 PM EST | March 08, 2006
Dune Energy Strikes with Two Wells in Bayou Couba Field
Dune Energy reports that it has successfully completed its second and third wells, the DSCI 51 ST and DSCI 15 ST, in the Bayou Couba Field located in St. Charles Parish.
7:00 PM EST | January 03, 2006
Dune Energy Completes Initial Acquisition of Barnett Shale Acreage
Dune Energy, last week, acquired an undivided interest in certain oil and gas leases covering approximately 320 acres in Denton County, Texas, as well as an undivided interest in four producing wells for $5.4 million.
7:00 PM EST | November 21, 2005
Dune Energy Inks Definitive Deal to Acquire Barnett Shale Properties
Dune Energy has signed an agreement with Voyager to aquire 95% of Voyager's interest in natural gas properties located in Denton and Wise Counties, on the fairway of the Banett Shale play in the North Texas Fort Worth Basin.
7:00 PM EST | November 06, 2005
Dune Energy Acquisition of Barnett Shale Properties to Proceed
Dune Energy says that the lawsuit filed by Hughes against Voyager has been settled. The Settlement clears the path for Dune to move forward on its proposed certain Voyager properties located on the fairway of the Barnett Shale play in Texas.
7:00 PM EST | October 31, 2005
Dune Energy to Participate in Bayou Couba Field Exploration
Dune Energy has entered into a participation agreement with American Natural Energy for the Bayou Couba Field in Louisiana.
8:00 PM EST | September 13, 2005
Dune Energy to Acquire Barnett Shale Properties
Dune Energy has signed a Letter of Intent to acquire producing and non-producing natural gas properties located in Denton and Wise counties, in the heart of the prolific Barnett Shale in the North Texas Fort Worth Basin.
7:00 PM EST | March 02, 2005
Dune Energy Begins Production on Welder Ranch Property
Dune Energy has initiated production from its Welder Ranch lease with the tie-in of the Rob Welder #1 well.
8:00 PM EST | September 07, 2004