Record cold temperatures persist across the United States, shutting in schools and cancelling flights. Snow is making unusual appearances among the Gulf Coast and Southeast states, crippling commutes and slowing the economy. Oil and gas producers have also felt the chilling effects from this winter. Companies like Pioneer Natural Resources (ticker: PXD) and Apache Corporation (ticker: APA) admitted the severe
Commodity prices are influenced by several factors, including short-term catalysts and long term stimulus. Supply and demand often dictates short term prices, while factors such as future demand expectations and production decisions by the Organization of the Petroleum Exporting Countries (OPEC) can affect prices over the longer term. Supply and demand in the world oil markets are balanced through responses
Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome assets in eastern Montana is its primary focus. In Australia, Magellan operates two onshore gas fields in the Amadeus Basin in the Northern
Decades ago, the Organization of the Petroleum Exporting Countries (OPEC) was THE lifeline to the United States’ thirst for oil. Now, record production, horizontal drilling, advanced seismic and completion technologies, and increased spending rates have the U.S. primed to become the world’s top oil producer. Out of 62 companies for which we have gathered data on capital expenditures and estimates,
Petróleo Brasileiro S.A., or Petrobras (ticker: PBR), is the state-run oil company of Brazil and has operations in 24 countries across five continents. It is the largest producer in South America and participates in E&P, refining, trade, transportation, petrochemicals, oil distribution, electricity, biofuels, and sources of renewable energy. PBR celebrated its 60th anniversary on October 3, 2013. Petrobras’ proven reserves
Natural gas has come a long way since the Chinese first transported it in 500 B.C. through bamboo shoots to boil sea water, and make drinkable. Nowadays, natural gas is the world’s fastest growing fossil fuel, with global consumption expected to jump from 113.0 trillion cubic feet (Tcf) in 2010 to 185.0 Tcf in 2040. The United States, already believed
EnerCom, Inc. compiled fourth quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 187 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 December 31, 2013, is $0.30 per share compared to actual earnings per share of $0.25
Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome assets in eastern Montana is its primary focus. Magellan’s U.K. properties are onshore and include the Weald and Wessex Basins prospective for unconventional
Unit Corporation (ticker: UNT) is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and natural gas wells, and the gathering and processing of natural gas. The company celebrated its 50th Anniversary in 2013. Unit
Energy XXI (ticker: EXXI) is an independent oil and natural gas exploration and production company whose growth strategy emphasizes acquisitions, enhanced by its value-added organic drilling program. The company has implemented an “acquire and exploit” growth strategy to build a geographically focused portfolio with some of the highest per-unit margins in the industry. It aims to develop the acquired properties
https://www.oilandgas360.com/wp-content/uploads/2014/10/MHR_CNBC_2014_400px.mp4 Magnum Hunter Resources Chairman and CEO Gary Evans appeared on CNBC’s Closing Bell to discuss the company’s recent share price run, Utica and Marcellus growth operations, and near-term plans for the Bakken. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty as to its completeness or accuracy. EnerCom’s
Aurora Oil & Gas Limited (tickers: AEF and AUT) is a Perth- and Houston-based oil and liquids company with operations in the Eagle Ford Shale trend of South Texas. Aurora has 88,800 gross (22,000 net) acres in the “tri-county” area of Karnes, Live Oak and Atascosa Counties, Texas. The company’s largest asset in the Eagle Ford is Sugarkane Field which
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