Post Tagged with: "oilservice"

EnerCom Conference Takes Industry’s Pulse

EnerCom Conference Takes Industry’s Pulse

EnerCom’s San Francisco Conference Wrap-Up – Part II

We have a new strategic petroleum reserve sitting under us 

EnerCom presented the 14th edition of The Oil & Services Conference™ in San Francisco last week. The conference delivered the current …

Energy Professionals: You Are Mobile

Energy Professionals: You Are Mobile

Energy Industry Professionals: You are Mobile - Oil & Gas 360 Closing Bell Report global-audience

The point is:  people in the energy business are extremely mobile.

One glance at “Closing Bell Report” on your computer, phone or tablet tells you exactly what’s going on in the global oil and gas industry that day.

“Closing …

OilService: Is this the New Paradigm Coming out of the Downcycle?

OilService: Is this the New Paradigm Coming out of the Downcycle?

OilService Companies are Finding Ways to Make Business Work in this Price Environment

The people working in American industry can be pretty darned resilient and very creative when markets get rough. Oil and gas producers and oilservice companies are certainly …

Stephens: Invest in OilService Development, Not a Recovery

Stephens: Invest in OilService Development, Not a Recovery

Buy low, sell high is perhaps the most commonly (and overly) used phrase when it comes to investing. Now that commodity prices are near the floor (depending on who you ask), investors are cherry picking stocks in hopes of capitalizing …

Halliburton + Baker Hughes Merger Hits Skids

Halliburton + Baker Hughes Merger Hits Skids

United States, Australia U.S. Department of Justice Still Not Satisfied with Terms

Industry enthusiasts waiting for approval of the impending merger between Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) will have to wait a little longer.

For the third …

What do the Most Successful Energy Companies Have in Common?

What do the Most Successful Energy Companies Have in Common?

ANSWER: Smart people, strong leadership, and a relentless drive to create success.

Peek behind the front doors of the companies finding, producing, transporting and transforming energy.

While oil and gas companies across the planet are battling a commodities price environment …

December 10, 2015 - 5:10 pm Oil and Gas 360 Articles
Happy Thanksgiving to Our Clients, Friends, Colleagues and Partners

Happy Thanksgiving to Our Clients, Friends, Colleagues and Partners

Dear Clients, Friends, Colleagues, and Partners:

Happy Thanksgiving.

EnerCom started 22 years ago with a single purpose – to provide needed consulting services to a worldwide client base in the oil and gas sector. Today, we engage with energy companies …

November 24, 2015 - 6:49 pm Closing Bell Story‎, People
Oilservice Majors: Look for a Delayed Oil Price Recovery (But One IS Coming!)

Oilservice Majors: Look for a Delayed Oil Price Recovery (But One IS Coming!)

Forecast Pushed Back in 2016

Earnings season is underway, but you’d have a hard time believing we’re in the first week of quarterlies judging from a headline from Bloomberg this morning. It reads, “$6.5 Billion in Energy Writedowns and We’re

Core Laboratories: Free Cash Flow Tops Net Income for Fourth Straight Quarter

Core Laboratories: Free Cash Flow Tops Net Income for Fourth Straight Quarter

CLB Celebrates 20th Year as a Publicly Traded Company

Core Laboratories (ticker: CLB) continues to fend off headwinds from the industry slowdown, funneling income into its shareholder return program. Net income of $35.4 million in Q3’15, derived from revenues …

China has Reduced its Shale Drilling & Completion Costs by 23%

China has Reduced its Shale Drilling & Completion Costs by 23%

As China looks for way to meet more of its natural gas demand domestically, it has looked to improving the economics of its own shale gas development. While China is one of four countries currently producing commercial volumes of shale …

Update: Weatherford Intl. Cancels Capital Raise in Response to Market Backlash

Update: Weatherford Intl. Cancels Capital Raise in Response to Market Backlash

WEATHERFORD UPDATE

A single-day stock price drop of more than 17% was apparently enough for Weatherford International (ticker: WFT) to cancel its plans for a capital raise. WFT shares have recovered to an extent, but are still trading roughly 10% …

September 22, 2015 - 2:28 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles
Not Your Granddaddy’s OFS Provider: Schlumberger and Cameron Are Primed to Change How it’s Done at the Wellhead

Not Your Granddaddy’s OFS Provider: Schlumberger and Cameron Are Primed to Change How it’s Done at the Wellhead

Schlumberger Creates “Pore to Pipeline” Business with $14.8 Billion Takeover of Cameron Intl.

While Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) labor over the fine print of their proposed merger, their top oil service rival is making moves of …

Oilservice Companies:  New Technologies in Shale Awarded $100,000 for Future Development

Oilservice Companies: New Technologies in Shale Awarded $100,000 for Future Development

New Firms are Advancing Innovations for Shale Energy Development

The Ben Franklin Shale Gas Innovation & Commercialization Center has announced the four winners for this year’s Shale Gas Innovation competition. For the fourth straight year, the Pennsylvania-based contest seeks …

May 14, 2015 - 12:32 pm Oil and Gas 360 Articles, Oilfield Services
How Rough will Earnings Season be on Smaller Oilservice Providers?

How Rough will Earnings Season be on Smaller Oilservice Providers?

The giants of the oilservice industry kicked off earnings season last week. The viewpoints of multi-billion dollar companies like Halliburton (ticker: HAL), Schlumberger (ticker: SLB) and Weatherford (ticker: WFT) are unique, given that the companies provide an insider’s perspective on …

April 28, 2015 - 11:20 am Earnings, Fracing, Oil and Gas 360 Articles, Oilfield Services
Halliburton, Baker Hughes Announce First $3.5 Billion of Divestitures, More to Follow

Halliburton, Baker Hughes Announce First $3.5 Billion of Divestitures, More to Follow

Oilservice major Halliburton announces marketing of certain assets to satisfy antitrust laws

Earlier this month, Halliburton (ticker: HAL) announced that it would divest $3.5 billion in assets in the first round of divestitures to satisfy antitrust concerns in its $35 …

Core Laboratories Delivers in Q1’15 Earnings

Core Laboratories Delivers in Q1’15 Earnings

Core Laboratories (ticker: CLB), a global leader in reservoir description, production enhancement and reservoir management services, set a first-quarter record with $72.7 million in free cash flow (defined as cash from operations less capital expenditures) in its Q1’15 earnings release …

Will the New Commodity Environment Boost E&P Interactions?

Will the New Commodity Environment Boost E&P Interactions?

A Conversation with Schlumberger’s David Rabley

The only guarantee of the oil and gas industry is its cyclicality. Although veterans of the industry are used to seeing swings on both the upward and downward sides, each cycle comes with a …

April 9, 2015 - 12:31 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
M&A Update: Oilservice Majors

M&A Update: Oilservice Majors

Oilservice majors Halliburton and Baker Hughes shareholders approve merger

Halliburton (ticker: HAL) announced that its stockholders approved HAL’s proposal to issue shares of Halliburton common stock as contemplated by its merger agreement with Baker Hughes (ticker: BHI). Baker Hughes announced …

Barclays Initiates Coverage on Oilservice Sector with “Neutral” Outlook

Barclays Initiates Coverage on Oilservice Sector with “Neutral” Outlook

Barclays’ coverage initiation on the oilservice sector last week could very well be summed up in two words: budget cuts.

The London-based banking company says approximately 90% of the oilservice group is historically correlated to oil prices, and the dropping …

Core Laboratories’ Analyst Coverage Climbs to 18 Firms with Initiation from SunTrust

Core Laboratories’ Analyst Coverage Climbs to 18 Firms with Initiation from SunTrust

The oilservice provider that keeps on giving. 

SunTrust Robinson Humphrey has initiated coverage on Core Laboratories (ticker: CLB), the company said in a research note on November 20, 2014. A total of 18 firms now cover the company, with four …

November 21, 2014 - 6:29 pm Analytics, Finance, Oil and Gas 360 Articles, Oilfield Services
Flotek Industries – On a Roll in 2014

Flotek Industries – On a Roll in 2014

Flotek Industries (ticker: FTK) reported revenue of $116.8 million for the quarter ending September 30, 2014, noting that Q3 set a record, showing a revenue increase of almost 19% compared to Q3 of 2013. “This represents the fourth consecutive quarter …

October 23, 2014 - 6:25 pm Oil and Gas 360 Articles
An Oil & Gas 360® Exclusive: Interview with Jason Wangler, Wunderlich Securities

An Oil & Gas 360® Exclusive: Interview with Jason Wangler, Wunderlich Securities

Commodities prices are becoming top-of-mind around the globe. November contract West Texas Intermediate crude closed today at $87.34. Brent closed at $91.74, according to Bloomberg. Earlier in the day Oil & Gas 360® spoke to Jason Wangler, Wunderlich …

European Conglomerate Spends $7.6 Billion for a Role in United States Shale

European Conglomerate Spends $7.6 Billion for a Role in United States Shale

On September 22, 2014, Siemens (ticker: SIE), an $84 billion market cap engineering and electronics conglomerate based in Germany, announced the acquisition of Dresser-Rand (ticker: DRC) for $7.6 billion (Euros). Dresser-Rand is one of the world’s largest equipment suppliers in …

September 22, 2014 - 6:40 pm Fracing, Oil and Gas 360 Articles, Oilfield Services

$2.7 Billion in New Marcellus Pipeline Infrastructure Announced this Week

In the first of two announcements this week, PennEast Pipeline LLC and UGI Energy Services (ticker: UGI) announced plans to build a 100 mile, $1 billion 30-inch gas pipeline from Pennsylvania and New Jersey to take Marcellus gas production …

August 14, 2014 - 5:51 pm Midstream, Oil and Gas 360 Articles, Oilfield Services
U.S. Unconventional Drilling Drives RPC, Inc. to Record Revenues in Q2’14

U.S. Unconventional Drilling Drives RPC, Inc. to Record Revenues in Q2’14

RPC, Inc. (ticker: RES) provides specialized oilfield services and equipment to independent and major oilfield companies. The company operates in two business segments: technical services and support services. Its Q2’14 results, announced on July 23, 2014, reported quarterly revenue of …

July 23, 2014 - 5:16 pm Finance, Oil and Gas 360 Articles

Basic Energy Services: "New Way to Play the Oil & Gas Renaissance" – CNBC Interview

Basic Energy Services CEO Roe Patterson appeared on CNBC’s Mad Money with Jim Cramer to discuss the recent 71% appreciation in share price, as well as expected drivers of near-term growth.

Important disclosures: The information provided herein is believed to …

June 19, 2014 - 4:58 pm Oil and Gas 360 Articles, Oilfield Services

Intervale Capital CEO Charles Cherington on CNBC's Squawk Box

Private equity company Intervale Capital CEO Charles Cherington appeared on CNBC’s Squawk Box to discuss Intervale’s investment strategy when it comes to oilservice portfolio companies. He also addresses the current regulatory environment and future for fracing in the United States.…

June 2, 2014 - 4:17 pm Finance, Fracing, Oil and Gas 360 Articles

Core Laboratories Reaffirms Guidance, Posts Most Profitable First Quarter in Company History

Core Laboratories (ticker: CLB) is a provider of proprietary and patented Reservoir Description, Production Enhancement, and Reservoir Management services. The company has a market cap of $6.93 billion and is part of the basic materials sector and energy industry. …

April 28, 2014 - 4:35 pm Earnings, Finance, Oil and Gas 360 Articles

Intervale Capital on CNBC's Closing Bell

Managing Partner Charles Cherrington appeared on CNBC’s Closing Bell discussing Intervale Capital’s oil service portfolio companies, hydraulic fracturing, and the massive amounts of jobs the industry’s shale boom is creating.

Important disclosures: The information provided herein is believed to be …

March 3, 2014 - 4:51 pm Finance, Fracing, Oil and Gas 360 Articles

What to Expect from EnerCom’s The Oil & Services Conference™12

More than 30 publicly traded E&P/OilService companies, and five energy research analysts, will present at EnerCom’s The Oil & Services Conference™ 12 on February 18-19, 2014, in San Francisco. Market capitalizations of the 30 presenting companies range from $30 …