EnerCom, Inc. compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 182 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilServices company earnings estimate for the quarter ending September 30, 2013, is $0.33 per share compared to actual earnings per share of $0.30
As the impasse in Washington drags closer to the Thursday debt ceiling deadline, the wait-and-see approach adopted by many Americans has had little effect on the stock market. Government entities haven’t been as fortunate. Furloughed workers and the closing of agencies, including the Energy Information Administration (EIA), are feeling the heat from the bitter political standoff. Traders expressed optimism at
On September 28, 2013, the state of California approved a bill that will spend $20 million per year on hydrogen fuel stations until 2024. The measure, labeled Assembly Bill 8 (AB8), will commence until 100 fuel stations are constructed. Only 227 hydrogen-fueled vehicles are currently in the state, and the bill funding will come from California residents through “smog abatement”
The impact of natural gas is making its mark on the transportation industry. OAG360 covered a recent $68 million investment by the United Parcel Service (ticker: UPS) for its liquefied natural gas (LNG) vehicles in 2013. Now, the railroad industry is embracing the idea. On March 6, 2013, BNSF, one of North America’s leading freight transportation companies, announced it will
American Eagle Energy Corporation (ticker: AMZG) is engaged in the exploration and production of petroleum and natural gas in North America. Currently, American Eagle is focused primarily on exploiting unconventional resource plays within the Bakken and Three Forks formations. The Company operated under the name Eternal Energy Corp. until December 2011 when it changed its name to American Eagle Energy
Calcutta, India, a city of 14 million, has banned cyclists from 174 major roads effective August 2013. K. Hari Rajan, the assistant commissioner (traffic) of Calcutta police, said: “Cycling is banned on major thoroughfares of the city for two reasons: To ensure that traffic flow is not disturbed by the mix of fast-moving vehicles and cycles, as Calcutta has no
American Energy Partners, LP was founded by Aubrey K. McClendon in April 2013. The Oklahoma City-based company aims to capitalize on opportunities available in unconventional resource plays onshore in the United States. McClendon co-founded Chesapeake Energy (ticker: CHK) in 1983 and served as its CEO until April 2013. On October 9, 2013, American Energy – Utica, LLC (AEU), an affiliate
United Parcel Service Inc. (ticker: UPS) is the world’s largest package delivery company and a leading global provider of specialized transportation and logistics services. The company has invested in the emergence of liquefied natural gas (LNG) for its vehicles, and began adding LNG tractors to its fleet in 2002. UPS currently has more than 1,000 such tractors in service, and
As Tropical Storm Karen dissipated, so have concerns of what was previously expected to be a difficult hurricane season. After Tropical Storm Karen passed, the National Weather Service listed no coastal watches or warnings. Crude oil in the Gulf of Mexico (GOM) gained $0.90 to a premium of $4.00 per barrel more than West Texas Intermediate, according to data compiled
Oil production alone has risen 34% since 2005, and the US continues to be the world’s chief producer of natural gas. Despite the surge in hydrocarbon resources, the coal industry is suffering. The vast natural gas supply unlocked by hydraulic fracturing and horizontal drilling has pushed prices below $4.00 per MMbtu. The low price of natural gas has made it
ERHC Energy Inc. (ticker: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. Over the last two years, ERHC has acquired exploration blocks in Chad and Kenya to complement its existing offshore blocks in the Joint Development Zone offshore São Tome and Principé. In a recent update, ERHC reported preparations were still underway for
The oil and gas production surge in the United States (U.S.) has analysts predicting the U.S. will lead the world’s in oil and production by the end of 2013. Source: EIA According to The U.S. Energy Information Administration (EIA), the United States is on pace to surpass Russia by year-end 2013. Oil production alone has increased by 34% since 2005.
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