ASSOCIATED PRESS – Utility regulators approved 43 applications Tuesday from individuals and groups that want to have a say in South Dakota’s decision on whether to re-approve part of the Keystone XL pipeline that would run through the state if it is ever built. The state Public Utilities Commission approved all of the groups that requested “party status” — including
In August, James Baker of Simmons & Company said Royal Dutch Shell’s (ticker: RDS.B) public offering of its midstream segment would be a “sea change event.” It did not disappoint. Bloomberg reports it was the best trading debut by an energy company in 2014. Shell Midstream Partners, L.P., trading on the New York Stock Exchange under the ticker SHLX, debuted
Superior Energy Services, Inc. (SPN) today announced net income from continuing operations of $85.7 million, or $0.55 per diluted share, and net income of $79.9 million, or $0.51 per diluted share, on revenue of $1,209.0 million for the third quarter of 2014. These results compare with the third quarter of 2013 net income from continuing operations of $67.5 million, or
Oceaneering International, Inc. (OII) today reported record earnings for the third quarter ended September 30, 2014. On revenue of $973.1 million, Oceaneering generated net income of $124.3 million, or $1.16 per share. For the third quarter of 2013, Oceaneering reported revenue of $853.3 million and net income of $104.4 million, or $0.96 per share. For the second quarter of 2014, Oceaneering reported revenue of $927.4 million and
Noble Corporation plc (NE) today reported third quarter 2014 net income from continuing operations of $147 million, or $0.57 per diluted share, compared to $140 million, or $0.54 per diluted share, for the second quarter of 2014. For the third quarter of 2013, net income from continuing operations totaled $165 million, or $0.64 per diluted share. Results for the third
Williams (WMB) today announced third-quarter 2014 cash distributions from Williams Partners and Access Midstream Partners of $521 million, a $189 million, or 57 percent, increase from total cash distributions received for third-quarter 2013. The quarterly cash distributions discussed in this release are declared and received in the following quarter, as these distributions relate to the prior quarter’s cash flow. Year-to-date
BLOOMBERG – BP Plc (BP/) has the right investments to allow it to cope with oil prices that have tumbled to $80 a barrel, according to Chief Executive Officer Bob Dudley. “We’ve positioned the company to weather any shocks,” the head of Europe’s third-largest oil company said at the Oil & Money conference today in London. “We make investment decisions based
RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its third quarter 2014 financial results. Third Quarter Highlights – Range produced a record average of 1,209 Mmcfe per day, an increase of 26% over the prior year quarter Unit costs decreased $0.36 per mcfe or 10% compared to the prior year quarter Outstanding well results continue in the Marcellus New technology in
Whiting Petroleum Corporation’s (WLL) production in the third quarter of 2014 totaled a record 10.7 million barrels of oil equivalent (MMBOE), of which 88% was crude oil and natural gas liquids (NGLs). The production total equates to an average production rate of 116,675 barrels of oil equivalent per day (BOE/d), representing a sequential increase of 6% over the second quarter
Penn Virginia Corporation (PVA) today reported financial results for the three months ended September 30, 2014 and provided updates of its operations and 2014 guidance. Key Third Quarter Highlights Production Total production increased 4% to 22,706 barrels of oil equivalent per day (BOEPD) compared to the prior quarter, exceeding the upper end of guidance by 3%. Eagle Ford Shale production
American Energy – Permian Basin, LLC (AEPB), an affiliate of American Energy Partners, LP (AELP), today announced that since July 31, 2014 it has completed or entered into definitive agreements with multiple parties to acquire net production of approximately 1,400 barrels of oil equivalent (boe) per day and approximately 27,000 net acres of leasehold in the Wolfcamp Shale play in
Phillips 66 (PSX), an energy manufacturing and logistics company, announces third-quarter earnings of $1.2 billion, compared with earnings of $863 million during the second quarter of 2014. Adjusted earnings were $1.1 billion, an increase of $277 million from the second quarter of 2014. “Our operations ran well during the third quarter, capturing strong margins in our refining and marketing businesses,”
