Archive for October, 2012

PetroQuest Energy Inc: If Two is Company, then Bring on the Crowd

PetroQuest Energy Inc: If Two is Company, then Bring on the Crowd

PetroQuest Energy Inc (ticker: PQ) is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in the Arkoma Basin, Wyoming, Texas, South Louisiana and the shallow waters of the Gulf of …

October 31, 2012 - 7:16 pm Oil and Gas 360 Articles
Sanchez Energy Corp Poised to Capture Eagle Ford Upside

Sanchez Energy Corp Poised to Capture Eagle Ford Upside

Sanchez Energy Corp (ticker: SN) is a pure-play South Texas oil company with a 95,000 net acre position targeting the liquids-rich Eagle Ford Shale, Pearsall Shale, Austin Chalk, and Buda Limestone. Back in December 2011, SN made its initial public …

October 29, 2012 - 12:59 am Midstream, Oil and Gas 360 Articles
Cabot Oil & Gas Corp Reports Q3’12; Continues Down Sustainable Growth Path

Cabot Oil & Gas Corp Reports Q3’12; Continues Down Sustainable Growth Path

Cabot Oil & Gas Corp (ticker: COG) is engaged in the development, exploitation and exploration of primarily natural gas and natural gas liquids  in the Marcellus Shale.  Outside the Marcellus, Cabot continues to expand its oil development efforts in the …

October 26, 2012 - 9:42 pm Oil and Gas 360 Articles
Magnum Hunter Resources Corp Adding to Its Rich Asset Base; Reaffirms 2012 Production Exit Rate

Magnum Hunter Resources Corp Adding to Its Rich Asset Base; Reaffirms 2012 Production Exit Rate

Magnum Hunter Resources Corp (ticker: MHR) announced it will acquire Viking International Resources, a private company with approximately 51,500 net acres primarily in the Marcellus and Utica plays, for $106.7 million.  The deal will be funded with $37.3 million …

October 26, 2012 - 5:07 pm Midstream, Oil and Gas 360 Articles

REPOST: Oil Refineries Brace for Hurricane Sandy

Reuters:  Oil refineries along the U.S. Atlantic Seaboard braced for Hurricane Sandy on Friday, putting in place emergency plans ahead of the storm’s expected landfall in the Northeast early next week.

Six East Coast oil refineries representing 1.19 million barrels …

October 26, 2012 - 3:26 pm Oil and Gas 360 Articles
CARBO Ceramics Inc Reports Q3’12 Results; Looking Ahead is Always Best

CARBO Ceramics Inc Reports Q3’12 Results; Looking Ahead is Always Best

CARBO Ceramics (ticker: CRR) is the world’s largest supplier of ceramic proppant for fracturing oil and gas wells and a supplier of resin-coated sand proppant. The company faces challenges amid lower energy prices, global economic weakness, and an influx of …

October 25, 2012 - 10:56 pm International, Oil and Gas 360 Articles

Petronas/Progress Energy Deal Blocked – A Roundup of Coverage

Canada blocks Petronas’ bid for Progress Energy – AP

TORONTO — Canada has blocked the Malaysian state-owned oil firm Petronas’ US$5.2 billion (CA$5.17 billion) bid for gas producer Progress Energy Resources, saying the proposed investment would not provide a net …

October 22, 2012 - 7:29 pm Canada, International, Oil and Gas 360 Articles, OPEC

Harvest Natural Resources, Inc Not Sitting Back and Waiting

On October 12, 2012, Harvest Natural Resources, Inc. (ticker: HNR) announced its sale of $79.8 million aggregate principal amount of 11% senior unsecured notes due October 11, 2014, and warrants to purchase up to 686,761 shares of its common …

October 19, 2012 - 10:17 pm Offshore, Oil and Gas 360 Articles

Laredo Petroleum CEO on Fox Business News

Laredo Petroleum (ticker: LPI) CEO Randy Foutch appeared on Fox Business News’ Markets Now to discuss the current natural gas environment, and how the U.S. can create demand sources for natural gas supply.

October 19, 2012 - 10:01 pm Oil and Gas 360 Articles
REPOST: Campaigns Clash Over the Future of Coal

REPOST: Campaigns Clash Over the Future of Coal

WSJ REPOST: Coal has improbably risen to become one of the top issues of the presidential campaign, with dueling ads about coal in swing states and attacks by each candidate on the other’s position.

The battle is escalating even though …

October 19, 2012 - 2:18 pm Oil and Gas 360 Articles, Politics & Opinions, Regulatory

REPOST: Clinton Cites 'Energy Diplomacy' as Driving Force in Foreign Policy

WSJ REPOST: Secretary of State Hillary Clinton on Thursday described “energy diplomacy” as a driving force behind U.S. foreign policy and offered a spirited defense of the Obama administration’s foreign-policy record. She also took swipes at rivals, including China and …

Core Lab Reports Q3’12 Results; Keeping Their Margins While Those Around them Aren’t

Core Lab Reports Q3’12 Results; Keeping Their Margins While Those Around them Aren’t

Core Laboratories (ticker: CLB) is a leading provider of proprietary and patented Reservoir Description, Production Enhancement, and Reservoir Management services used to optimize petroleum reservoir performance.  CLB has over 70 offices in more than 50 countries and is located in …

October 18, 2012 - 10:03 pm Oil and Gas 360 Articles
Bam! It's Earnings Season Again – Q3'12 Estimates

Bam! It's Earnings Season Again – Q3'12 Estimates

EnerCom, Inc. compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 185 E&P and OilService companies in our database. Click here for the full chart of estimates.

OAG360 notes that additional supporting …

October 17, 2012 - 10:55 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles, OPEC

Callon Petroleum Company Announces Increased Borrowing Base And Expanded Bank Group

Callon Petroleum Company Announces Increased Borrowing Base And Expanded Bank Group

October 15, 2012 - 12:00 pm 360 Company Releases
Two Natural Gas Scenarios: Take Your Pick

Two Natural Gas Scenarios: Take Your Pick

In an October 8, 2012, research note titled, US Natural Gas Price Recovery – Is This For Real?, Wunderlich Securities Equity Research Analyst Jason Wangler covers the sustainability of current natural gas prices, and reports findings from an informal poll …

October 11, 2012 - 9:14 pm Oil and Gas 360 Articles
ERHC Energy Receives Shareholder Approval for Capital Raise to Fund African Exploration Initiatives

ERHC Energy Receives Shareholder Approval for Capital Raise to Fund African Exploration Initiatives

A recommendation to increase the number of any company’s authorized shares of common stock from 950 million shares to three billion shares would make anyone read the fine print.

Back in August, ERHC Energy Inc. (ERHE), a publicly traded American …

October 11, 2012 - 7:38 pm Finance, Oil and Gas 360 Articles

It’s a Big Gas World!

NATURAL GAS INVENTORY (Week Ended 10/5/12)

Current: 3,725 Bcf
Actual Injection/(Withdrawal): 72 Bcf
Economist Average Estimate: 79 Bcf
Previous: 3,653 Bcf

Click here for the chart with five year averages.

NATURAL GAS IN THE MEDIA

*Houston firm drilling exploratory well

Geopolitical Issues Push WTI/Brent Differential to $23

CRUDE OIL INVENTORY/’000 bbls (Week Ended 10/5/12)

Current: 366,370
Actual Build/(Withdrawal): 1,672
Economist Average Estimate: 773
Previous: 364,698

Click here for the chart with five year averages.

CRUDE OIL IN THE MEDIA

*Continental Resources says Oklahoma discovery may add 1.8

Callon Petroleum Company Announces Third Quarter 2012 Reporting Date and Upcoming Investor Event

Callon Petroleum Company Announces Third Quarter 2012 Reporting Date and Upcoming Investor Event

October 5, 2012 - 12:00 pm 360 Company Releases

Make No Debate: The U.S. Kicks Gas

Every Thursday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the natural gas spectrum. The theme for this week: Make No Debate: The U.S. Kicks Gas.

NATURAL GAS INVENTORY (Week Ended 9/28/12)

Current: …

Oil Prices Falling Below $90

CRUDE OIL INVENTORY/’000 bbls (Week Ended 9/28/12)

Current: 364,698
Actual Build/(Withdrawal): (482)
Economist Average Estimate: 1,486
Previous: 365,180

Click here for the chart with five year averages.

CRUDE OIL IN THE MEDIA

*Presidential debate could shed light on energy issues

GMX Resources Retains Haynesville/Bossier Resource Base; Sells Cotton Valley Sands and Shallow Rights for $69.0 Million

GMX Resources Retains Haynesville/Bossier Resource Base; Sells Cotton Valley Sands and Shallow Rights for $69.0 Million

GMX Resources (ticker: GMXR) entered into a definitive purchase and sale agreement with a private third party to sell certain interests in specified operated and non-operated properties in East Texas and Louisiana assets for approximately $69.0 million. The assets include …

October 2, 2012 - 5:07 pm Oil and Gas 360 Articles

REPOST: Beyond Wall St., Curbs on High-Speed Trades Proceed

New York Times – After years of emulating the flashy United States stock markets, countries around the globe are now using America as a model for what they don’t want to look like.

Industry leaders and regulators in several countries …

October 2, 2012 - 4:29 pm Oil and Gas 360 Articles, Regulatory