Archive for January, 2013

CARBO Ceramics Inc. Reports Q4'12 Results

  • Quarterly revenues of $153.6 million compared to $158.1 million in the prior year
  • Reported net income of $19.8 million, or $0.86 per share for the quarter, including an after-tax charge of $0.03 per share for the wind-down of Applied Geomechanics
January 31, 2013 - 9:19 pm International, Oil and Gas 360 Articles, Regulatory

Core Laboratories N.V. Reports Most Profitable Quarter Ever; Q4'12 Results

Core Laboratories N.V. (ticker: CLB) is a leading provider of proprietary and patented reservoir description, production enhancement, and reservoir management services used to optimize petroleum reservoir performance.  The Company has over 70 offices in more than 50 countries and is …

January 31, 2013 - 9:00 pm International, Oil and Gas 360 Articles

Core Lab CEO Dave Demshur on CNBC's Mad Money

Chairman and CEO David Demshur appeared on CNBC’s Mad Money to discuss his company’s fourth quarter 2012 earnings (which came in above expectations), and his company’s technology for finding the incremental barrels of oil yet to be produced.

 

January 31, 2013 - 3:09 pm Oil and Gas 360 Articles
Range Resources Corp. Proved Reserves Increase 29% to 6.5 Tcfe

Range Resources Corp. Proved Reserves Increase 29% to 6.5 Tcfe

Range Resources Corporation (ticker: RRC)  is one of the leading independent oil and natural gas producers in the US. Its operations are primarily focused in the Marcellus Shale in Appalachia and liquids-rich areas of the Southwest.

On January 30, 2013, …

January 30, 2013 - 10:05 pm Oil and Gas 360 Articles

Chesapeake Energy Corp. CEO McClendon Hanging Up the Drill Bit

Chesapeake Energy (CHK) formally announced founder, and current president and chief executive officer Aubrey McClendon will retire effective April 1, 2013. At age 53, McClendon was with the company for 24 years since its inception in 1989 with fellow partner …

January 30, 2013 - 6:05 pm Oil and Gas 360 Articles

West Virginia's Trans Energy Now on Marcellus Radar Screen – OGFJ

JV with Republic Energy of Dallas has helped Trans Energy create a large footprint in northwestern West Virginia

The Marcellus Shale is generally recognized as the largest and most economic natural gas shale play in the continental United States.

Studies …

January 29, 2013 - 9:27 pm Oil and Gas 360 Articles

Penn Virginia Corp. – Year-End 2012 Reserves and Operations Update

Penn Virginia Corporation (ticker: PVA)  is an independent oil and gas company engaged primarily in the development, exploration and production of oil and natural gas in various domestic onshore regions, including Texas, Oklahoma, Mississippi and Pennsylvania.

The company today announced …

January 29, 2013 - 9:00 pm Oil and Gas 360 Articles

Bellatrix announces reset of fixed prices on existing summer 2013 natural gas commodity contracts and an updated corporate presentation

Bellatrix announces reset of fixed prices on existing summer 2013 natural gas commodity contracts and an updated corporate presentation

January 29, 2013 - 1:00 pm 360 Company Releases
Magnum Hunter Resources Corp. Exploring its Utica Potential

Magnum Hunter Resources Corp. Exploring its Utica Potential

Even though Magnum Hunter Resources Corp (ticker: MHR) was an early entrant into the Utica Shale (2010), the company elected to wait and watch the play’s development during 2011 and 2012. Most companies don’t have the luxury in an emerging …

January 23, 2013 - 9:12 pm Oil and Gas 360 Articles

Saratoga Resources, Inc. Provides Update on Drilling Activities

Saratoga Resources, Inc. (ticker: SARA) today provided an update on recent drilling activities, including the results of the previously announced SL 195 QQ-209 “Buddy” development well and results of recompletion operations on the previously announced MP-47 SL 195 QQ-24 “Roux” …

January 23, 2013 - 8:16 pm Oil and Gas 360 Articles

Energy Industry Data and Trends Slides Updated

Here is a small sample of the EnerCom’s Energy Industry Data and Trends Report published monthly. The 150 page PowerPoint is designed to keep you up to date on important macroeconomic and oil & gas industry trends. For a copy …

January 22, 2013 - 7:52 pm Oil and Gas 360 Articles
Sanchez Energy Corp: Simply Put – A Growth Story

Sanchez Energy Corp: Simply Put – A Growth Story

Sanchez Energy Corp. (ticker: SN) brands itself as a fast growing independent oil and gas company targeting the liquids-rich Eagle Ford Shale, Pearsall Shale, Austin Chalk, and Buda Limestone plays. The company made its initial public offering in December 2011 …

January 22, 2013 - 7:18 pm Oil and Gas 360 Articles

American Eagle Energy Provides Corporate Update: Reports Current Production of Over 1600 BOE/Day

American Eagle Energy Provides Corporate Update: Reports Current Production of Over 1600 BOE/Day

January 22, 2013 - 2:25 pm 360 Company Releases

Bellatrix announces a $300 million Cardium joint venture, acquires additional development lands, updates operating results and secures additional commodity hedges

Bellatrix announces a $300 million Cardium joint venture, acquires additional development lands, updates operating results and secures additional commodity hedges

January 22, 2013 - 7:30 am 360 Company Releases
Deal Flow Trends in the Williston Basin

Deal Flow Trends in the Williston Basin

Over the past year and a half, the Williston Basin’s Bakken acreage has been the focus of more than 100 publicly announced transactions. From July 2011 through December 2012, Oil & Gas 360® compiled and analyzed Bakken transactions on average …

January 18, 2013 - 8:45 pm Oil and Gas 360 Articles

Magnum Hunter Resources CEO Gary Evans on Fox Business News

Chairman and CEO Gary Evans appeared on Fox Business News to discuss natural gas inventories, prices and the five key shale plays where Magnum Hunter is active.

January 17, 2013 - 9:29 pm Oil and Gas 360 Articles
Bam! It's Earnings Season Again – Q4'12 Estimates

Bam! It's Earnings Season Again – Q4'12 Estimates

EnerCom, Inc. compiled fourth quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 191 E&P and OilService companies in our database. Click here for the full chart of estimates.

The median OilService company earnings …

January 17, 2013 - 9:23 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles
Whiting Petroleum Corp. – Valuation Perspectives on this Oily Producer

Whiting Petroleum Corp. – Valuation Perspectives on this Oily Producer

Whiting Petroleum Corp. (ticker: WLL) is an exploration and production company with one of the largest acreage positions in the North Dakota Bakken oil shale.  In addition to its projects in the Bakken, WLL operates enhanced oil recovery (EOR) …

January 16, 2013 - 8:54 pm Oil and Gas 360 Articles

Laredo Petroleum's Randy Foutch on CNBC's Mad Money

Chairman and Chief Exectuive Officer Randy Foutch appeared on Jim Cramer’s Mad Money to discuss Laredo’s expected oil production growth during 2013, and how the company will fund its aggressive drilling program.

January 16, 2013 - 2:52 pm Oil and Gas 360 Articles

EnerCom, Inc. to Host The Oil & Services Conference™ 11, February 19-21, 2013, in San Francisco

EnerCom, Inc. will host The Oil & Services Conference™ 11 (TOSC 11) from February 19-21, 2013, at the Omni San Francisco Hotel.  Institutional investors, energy research analysts, and oil and gas investors can register to attend, and find the work-in-progress …

January 9, 2013 - 10:01 pm Oil and Gas 360 Articles, Oilfield Services
Resolute Energy Corp. Powered Up in the Permian Basin

Resolute Energy Corp. Powered Up in the Permian Basin

Resolute Energy Corp. (ticker: REN) is engaged in the acquisition, development and production of onshore domestic hydrocarbons, principally crude oil. Resolute’s producing assets are the Aneth Field in the Paradox Basin of Utah and Hilight Field in the Powder River …

January 8, 2013 - 8:00 pm Oil and Gas 360 Articles

American Eagle Energy Announces $4.0 Million Private Equity Placement

American Eagle Energy Announces $4.0 Million Private Equity Placement

January 8, 2013 - 2:26 pm 360 Company Releases

American Eagle Energy Announces Another Spyglass Area Acquisition

American Eagle Energy Announces Another Spyglass Area Acquisition

January 7, 2013 - 2:21 pm 360 Company Releases

Forest Oil Corp. Continues Divestiture Process

This morning, Forest Oil Corp. (ticker: FST) announced the divestiture of 272 Bcfe of proved reserves for $325MM (after tax) to Hilcorp (private).

The transaction metrics were $1.19/Mcfe or approximately $4,924 per flowing Mcfe.  At the close of business on …

January 3, 2013 - 6:23 pm Oil and Gas 360 Articles

American Eagle Energy Acquires Additional Spyglass Interest

American Eagle Energy Acquires Additional Spyglass Interest

January 3, 2013 - 6:06 pm 360 Company Releases

American Eagle Energy Announces $18 MM Financing Agreement

American Eagle Energy Announces $18 MM Financing Agreement

January 2, 2013 - 2:29 pm 360 Company Releases