Archive for October, 2014

SM Energy Reports Results for the Third Quarter of 2014; Provides Operations Update

SM Energy Company (SM) announces its financial results for the third quarter of 2014 and provides an operations update. In addition, a new presentation concerning the Company’s third quarter earnings and operations update will be posted on the …

October 28, 2014 - 5:58 pm Energy News

Newfield Exploration Reports Third Quarter 2014 Results

Newfield Exploration Company (NFX) today reported its unaudited third quarter 2014 financial results and provided an update on its operations. Recent operational highlights are detailed in the Company’s @NFX publication, located on its website. Newfield will host a …

October 28, 2014 - 5:56 pm Energy News

Anadarko Announces Third-Quarter 2014 Results

Anadarko Petroleum Corporation (NYSE: APC) today announced third-quarter 2014 net income attributable to common stockholders of $1.087 billion, or $2.12 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these …

October 28, 2014 - 5:53 pm Energy News

Western Gas Announces Agreement to Acquire Nuevo Midstream, LLC for $1.5 billion and Releases Third-Quarter 2014 Results

Western Gas Partners, LP (NYSE: WES) (“WES” or the “Partnership”) today announced that it has agreed to acquire Nuevo Midstream, LLC (“Nuevo”), a leading Delaware Basin gas gatherer and processor, for $1.5 billion. The Partnership expects the acquisition will close …

October 28, 2014 - 5:48 pm Energy News
Who Will Drive Global Oil Prices in 2015 – U.S. Shale Producers, Saudi Arabia or OPEC?

Who Will Drive Global Oil Prices in 2015 – U.S. Shale Producers, Saudi Arabia or OPEC?

Falling oil prices have helped sell a lot of Rolaids lately, particularly in places like Houston where U.S. E&Ps are trying to plan their future drilling commitments, based on uncertain commodities prices in 2015.
On Monday, some NYMEX options traders …

October 28, 2014 - 4:28 pm Oil and Gas 360 Articles, OPEC

Magnum Hunter Resources Schedules Third Quarter 2014 Financial and Operating Results Conference Call for November 7, 2014

Magnum Hunter Resources Schedules Third Quarter 2014 Financial and Operating Results Conference Call for November 7, 2014

October 28, 2014 - 4:07 pm 360 Company Releases

Noble Energy Announces Third Quarter 2014 Results

Noble Energy, Inc. (NYSE:NBL) announced today third quarter 2014 net income of $419 million, or $1.12 per diluted share.  Excluding the impact of certain items, which would typically not be considered by analysts in published earnings estimates, third quarter 2014 …

October 28, 2014 - 11:35 am Energy News

BP Reports Third Quarter 2014 Results

BP today reported its financial results for the third quarter of 2014. Underlying replacement cost profit1 for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was …

October 28, 2014 - 11:32 am Energy News

Synergy Resources Reports Fiscal Fourth Quarter and Year End 2014 Results

Full Year Revenues up 125% to Record $104 Million, Driving Operating Income up 122% to $43.5 Million and Net Income per Diluted Share up 131% to $0.37; Company to Host Investor Conference Call Today, October 28th, at 12:00 Noon ET

October 28, 2014 - 11:24 am Earnings, Energy News
Brazil Election: Petrobras Faces Tough Climb After Rousseff Wins Second Term

Brazil Election: Petrobras Faces Tough Climb After Rousseff Wins Second Term

The hopes for Petrobras (ticker: PBR) investors and Brazil’s pro-business advocates were dashed on October 27, 2014, with the announcement of Dilma Rousseff winning a second term as the country’s president. The challenger, Aecio Neves, fell just short of unseating …

October 27, 2014 - 6:26 pm International, Oil and Gas 360 Articles
North Dakota Garners Top Employment Rankings

North Dakota Garners Top Employment Rankings

The oil boom has been good to North Dakota workers.

With almost 3 job openings for every unemployed worker, North Dakota has retained the lowest unemployment rate in the country, according to the Bureau of Labor Statistics September report.  …

October 27, 2014 - 6:25 pm Finance, Oil and Gas 360 Articles

Goldman slashes 2015 oil price forecast to $75 as glut grows

REUTERS – Goldman Sachs has slashed its 2015 oil price forecasts, making it the most bearish among major financial institutions, adding pressure on Monday to crude futures that have already tanked near 25 percent over the past five months.

The …

October 27, 2014 - 6:05 pm Energy News

ONEOK Partners Announces Acquisition of Natural Gas Liquids Assets in the Permian Basin of West Texas and Southeastern New Mexico

ONEOK Partners, L.P. (OKS) today announced it has agreed to acquire natural gas liquids (NGL) pipelines and related assets from affiliates of Chevron Corporation for approximately $800 million, subject to customary post-closing adjustments.

The transaction includes an 80 …

October 27, 2014 - 5:56 pm Energy News
LNG Update:  Going Both Ways

LNG Update: Going Both Ways

Another U.S. Liquefaction Plant Breaks Ground, Lithuania Says ‘Goodbye Gazprom’

Construction is Underway on Cameron LNG’s U.S. Liquefaction/Export Facility

Last week Cameron LNG broke ground on its $10 billion export plant in Hackberry, Louisiana. This sets the company off on …

October 27, 2014 - 4:29 pm Oil and Gas 360 Articles, Politics & Opinions

Williams, Williams Partners L.P. and Access Midstream Partners, L.P. Announce Merger Agreement

Williams (WMB), Williams Partners L.P. (WPZ), and Access Midstream Partners, L.P. (ACMP) today announced that Williams Partners and Access Midstream Partners have entered into a merger agreement. Williams owns controlling interests in the two …

October 27, 2014 - 1:15 pm Mergers & Acquisitions

US Seismic Systems® Completes Fracture Monitoring Project in Texas

US Seismic Systems® Completes Fracture Monitoring Project in Texas

October 27, 2014 - 10:00 am 360 Company Releases

Lonestar Resources, Ltd. September 2014 Quarterly Results Conference Call

Lonestar Resources, Ltd. September 2014 Quarterly Results Conference Call

October 26, 2014 - 8:00 pm 360 Company Releases
An OAG360® Exclusive Interview: Magnum Hunter Resources CEO Gary Evans Discusses Operations in Appalachia

An OAG360® Exclusive Interview: Magnum Hunter Resources CEO Gary Evans Discusses Operations in Appalachia

The month of September was one for the record books for Magnum Hunter Resources (ticker: MHR). The Marcellus/Utica E&P reported initial production of 46.5 MMcf on its Stewart Winland 1300U well – the highest flow rate of any well to …

Core Laboratories – A Fantastic Company That Requires Patience

Core Laboratories – A Fantastic Company That Requires Patience

October 26, 2014 - 9:39 am 360 Company Releases
Higher Heat Content of NatGas Points to Ethane Rejection: EIA

Higher Heat Content of NatGas Points to Ethane Rejection: EIA

The EIA has begun tracking heat content of end-use natural gas, providing state-to-state comparisons of natural gas consumption. Gas in states with heavy ethane rejection generates more British Thermal Units (Btus) per cubic foot than states whose gas content is …

October 24, 2014 - 7:01 pm Oil and Gas 360 Articles, Oilfield Services
Cabot Oil & Gas Affirms 2015 Growth despite “Challenging” Market

Cabot Oil & Gas Affirms 2015 Growth despite “Challenging” Market

A natural gas market with intense competition and possible oversupply will not deter Cabot Oil & Gas (ticker: COG) from increasing production volumes by 20% to 30% in 2015, the company said on Friday. Cabot, the second largest producer in …

October 24, 2014 - 6:58 pm Earnings, Oil and Gas 360 Articles

Core Laboratories: Don’t Buy Just Yet – $115 Fair Value Entry Point

Core Laboratories: Don’t Buy Just Yet – $115 Fair Value Entry Point

October 24, 2014 - 12:17 pm 360 Company Releases

Nighthawk Energy plc (“Nighthawk” Or “The Company”) Production And Drilling Update

Nighthawk Energy plc (“Nighthawk” Or “The Company”) Production And Drilling Update

October 24, 2014 - 12:15 pm 360 Company Releases

eResearch Posts Trendline Breaks Update for Thursday, October 23

eResearch Posts Trendline Breaks Update for Thursday, October 23

October 24, 2014 - 10:51 am 360 Company Releases

Penn Virginia Corporation Announces Borrowing Base Increase to $500 Million and Financial Liquidity in Excess of $620 Million

Penn Virginia Corporation Announces Borrowing Base Increase to $500 Million and Financial Liquidity in Excess of $620 Million

October 24, 2014 - 8:00 am 360 Company Releases

Arabella Exploration Backs Into Additional Acreage

Arabella Exploration Backs Into Additional Acreage

October 24, 2014 - 8:00 am 360 Company Releases

VAALCO Energy Announces Entering Into The Subsequent Exploration Phase On Block 5 Offshore Angola

VAALCO Energy Announces Entering Into The Subsequent Exploration Phase On Block 5 Offshore Angola

October 24, 2014 - 8:00 am 360 Company Releases

SandRidge Energy, Inc. Announces Filing of Registration Statement for MidCon Midstream, LP Initial Public Offering

SandRidge Energy, Inc. Announces Filing of Registration Statement for MidCon Midstream, LP Initial Public Offering

October 24, 2014 - 7:30 am 360 Company Releases
Flotek Industries – On a Roll in 2014

Flotek Industries – On a Roll in 2014

Flotek Industries (ticker: FTK) reported revenue of $116.8 million for the quarter ending September 30, 2014, noting that Q3 set a record, showing a revenue increase of almost 19% compared to Q3 of 2013. “This represents the fourth consecutive quarter …

October 23, 2014 - 6:25 pm Oil and Gas 360 Articles
Natural Gas Price Forecast: Is the Crude Oil Swoon a Sign of Things to Come?

Natural Gas Price Forecast: Is the Crude Oil Swoon a Sign of Things to Come?

The drop in crude oil prices is well documented, but will natural gas follow suit with winter approaching?

The West Texas Intermediate spot prices closed at a two year low of $80.52 yesterday, down a total of $19.90 in the …

October 23, 2014 - 6:07 pm Oil and Gas 360 Articles