Archive for October, 2014

CARBO Ceramics beats by $0.08, beats on revenue

CARBO Ceramics beats by $0.08, beats on revenue

October 30, 2014 - 5:57 am 360 Company Releases

CARBO Announces Third Quarter 2014 Earnings

CARBO Announces Third Quarter 2014 Earnings

October 30, 2014 - 4:00 am 360 Company Releases
Synergy Resources: No Fear of Oil Prices

Synergy Resources: No Fear of Oil Prices

On Wednesday, OPEC’s secretary-general Abdalla Salem el-Badri told an energy conference that oil price weakness would likely hit output of shale oil hard, the Wall Street Journal reported. “At this price, 50% of tight oil will be out of the …

43 Groups to Intervene in South Dakota Re-Approval

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 …

October 29, 2014 - 7:26 pm Energy News
Supermajor Makes Splash with MLP IPO

Supermajor Makes Splash with MLP IPO

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 …

October 29, 2014 - 6:28 pm Analytics, MLPs, Oil and Gas 360 Articles

Superior Energy Services Announces Third Quarter 2014 Results

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 …

October 29, 2014 - 6:18 pm Energy News

Oceaneering Reports Record Quarterly Earnings

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, …

October 29, 2014 - 6:15 pm Energy News

Noble Corporation plc Reports Third Quarter 2014 Results

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 …

October 29, 2014 - 6:13 pm Energy News

Williams Reports Third-Quarter 2014 Financial Results

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 …

October 29, 2014 - 6:11 pm Energy News

BP Says Can Cope With Oil at $80 Because Has Right Portfolio

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 …

October 29, 2014 - 6:09 pm Energy News

Range Announces Third Quarter 2014 Results

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
October 29, 2014 - 5:57 pm Energy News

Whiting Petroleum Corporation Announces Third Quarter 2014 Financial and Operating Results

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 …

October 29, 2014 - 5:53 pm Energy News

Penn Virginia Corporation Announces Third Quarter 2014 Results

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
October 29, 2014 - 5:51 pm Energy News

Range Resources beats by $0.04, beats on revenue

Range Resources beats by $0.04, beats on revenue

October 29, 2014 - 5:14 pm 360 Company Releases

Range Announces Third Quarter 2014 Results

Range Announces Third Quarter 2014 Results

October 29, 2014 - 5:05 pm 360 Company Releases

Range to Host Third Quarter 2014 Earnings Conference Call and Webcast Live on Thursday, October 30, 2014

Range to Host Third Quarter 2014 Earnings Conference Call and Webcast Live on Thursday, October 30, 2014

October 29, 2014 - 4:58 pm 360 Company Releases

Callon Petroleum Company Announces Upcoming Investor Event

Callon Petroleum Company Announces Upcoming Investor Event

October 29, 2014 - 4:15 pm 360 Company Releases

Penn Virginia Corporation Announces Third Quarter 2014 Results

Penn Virginia Corporation Announces Third Quarter 2014 Results

October 29, 2014 - 4:05 pm 360 Company Releases

McClendon’s American Energy Partners Provides Financial and Operational Update

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 …

October 29, 2014 - 11:42 am Energy News

Phillips 66 Reports Third-Quarter Earnings of $1.2 Billion or $2.09 Per Share

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 …

October 29, 2014 - 11:37 am Energy News

Miller Energy Resources Announces Management Changes and Provides Updates on Its Operations, Strategic Processes and Financial Position

Miller Energy Resources, Inc. (NYSE: MILL) (“Miller” or “the Company”) announces management changes and, prior to its Annual General Meeting, provides updates on its operations, strategic processes and financial positon.

Management Changes

John M. Brawley, the Company’s Chief Financial Officer, …

October 29, 2014 - 11:28 am Energy News

Hess Reports Estimated Results for the Third Quarter of 2014

Hess Corporation (HES) today reported net income of $1,008 million for the quarter ended September 30, 2014. Adjusted net income, which excludes items affecting comparability, was $377 million or $1.24 per common share, compared with $405 million or …

October 29, 2014 - 11:21 am Energy News

US Seismic Systems® Completes First Hydraulic Clamp Test in Devine, Texas

US Seismic Systems® Completes First Hydraulic Clamp Test in Devine, Texas

October 29, 2014 - 9:30 am 360 Company Releases

Miller Energy Resources Announces Management Changes and Provides Updates on Its Operations, Strategic Processes and Financial Position

Miller Energy Resources Announces Management Changes and Provides Updates on Its Operations, Strategic Processes and Financial Position

October 29, 2014 - 8:00 am 360 Company Releases

RPC declares $0.105 dividend

RPC declares $0.105 dividend

October 29, 2014 - 7:19 am 360 Company Releases

RPC, Inc. Reports Third Quarter 2014 Financial Results

RPC, Inc. Reports Third Quarter 2014 Financial Results

October 29, 2014 - 7:15 am 360 Company Releases

RPC, Inc. Announces Regular Quarterly Cash Dividend

RPC, Inc. Announces Regular Quarterly Cash Dividend

October 29, 2014 - 7:15 am 360 Company Releases
Fracing: Coming to Your Ballot Tomorrow

Fracing: Coming to Your Ballot Tomorrow

Even-numbered years in October are usually dominated by three things: Football, Halloween and the endless barrage of political advertisements.

Hydraulic fracturing is making an appearance on ballot sheets in a handful of states this fall. And, based on the rising …

October 28, 2014 - 6:30 pm Oil and Gas 360 Articles, Politics & Opinions

OPEC Plots US Shale Oil Takedown

INTERNATIONAL BUSINESS TIMES – Opec is likely to let the price of oil slide further as it gambles that US shale oil producers will be forced to slow production first.

The oil cartel, which includes a number of Persian Gulf …

October 28, 2014 - 6:11 pm Energy News

Bill Klesse to Step Down as Valero Chairman December 30, 2014; CEO Joe Gorder to Assume Chairman Position

Valero Energy Corporation (VLO) announced today that Bill Klesse, 68, has chosen to step down as Chairman of the Board effective December 30, 2014.  Joe Gorder, 57, Chief Executive Officer and President, has been elected by the Board …

October 28, 2014 - 5:59 pm Energy News