Archive for October, 2014

Southwestern Energy Announces Third Quarter 2014 Financial And Operating Results

Southwestern Energy Announces Third Quarter 2014 Financial And Operating Results

Southwestern Energy Company (SWN) today announced its financial and operating results for the quarter and nine months ended September 30, 2014. Third quarter highlights include:

  • Record gas and oil production of 196 Bcfe, up 14% compared to year-ago
October 23, 2014 - 5:50 pm Energy News

Sanchez Energy posts record Q3 production, encouraging Catarina results

Sanchez Energy posts record Q3 production, encouraging Catarina results

October 23, 2014 - 3:31 pm 360 Company Releases

Continental Resources Completes Four New Springer Oil Wells In Oklahoma’s SCOOP Play

Continental Resources, Inc. (“Continental” or the “Company”) (CLR) today announced continued success in its recently unveiled Springer play in the South Central Oklahoma Oil Province (SCOOP).

“Four new wells further confirm the repeatability and growth potential of Continental’s …

October 23, 2014 - 1:24 pm Energy News

Sanchez Energy Announces Record Third Quarter 2014 Production of 3,552 MBOE, an Increase of 91% Over Q2’14

Sanchez Energy Corporation (SN) (“Sanchez Energy” or the “Company”) today provided an update on its third quarter 2014 production and operations.

Highlights For Third Quarter 2014 Operations

  • Estimated third quarter 2014 production of approximately 3,552 MBOE (38,613 BOE/D),
October 23, 2014 - 1:21 pm Energy News

Patterson-UTI Energy Reports Financial Results for Three and Nine Months Ended September 30, 2014

PATTERSON-UTI ENERGY, INC. (PTEN) today reported financial results for the three and nine months ended September 30, 2014.  Including the non-cash charge discussed below, the Company reported net income of $16.0 million, or $0.11 per share, for the …

October 23, 2014 - 1:02 pm Energy News

Clayton Williams Energy Announces Third Quarter 2014 Financial Results

Clayton Williams Energy, Inc. (the “Company”) (NYSE:CWEI) today reported its financial results for the third quarter 2014.

Quarter Highlights

  • Oil and Gas Production of 15,586 BOE/d, up 13% (21% PF for Asset Sales)
  • Adjusted Net Income1 (non-GAAP) of $17.4
October 23, 2014 - 12:58 pm Energy News

EQT Midstream Partners Reports Q3 2014 Results

EQT Midstream Partners, LP (EQM), an EQT Corporation (EQT) company, today announced third quarter 2014 financial and operating results. Net income for the quarter totaled $56.5 million and adjusted EBITDA was $71.4 million. Distributable cash flow was $61.8 …

October 23, 2014 - 12:56 pm Energy News

Occidental Petroleum Announces 3rd Quarter and Nine Months 2014 Financial Results

Occidental Petroleum Corporation (OXY) announced core income for the third quarter of 2014 of $1.2 billion ($1.58 per diluted share), compared with $1.6 billion ($1.97 per diluted share) for the third quarter of 2013. Reported income was $1.2 …

October 23, 2014 - 12:47 pm Energy News

EQT Reports Third Quarter 2014 Earnings

EQT Corporation (NYSE: EQT) today announced third quarter 2014 net income attributable to EQT of $98.6 million, or $0.65 per diluted share (EPS), 12% higher than the third quarter 2013 earnings of $88.3 million, or $0.58 per diluted share. EQT’s …

October 23, 2014 - 12:45 pm Energy News

Diamond Offshore Reports Third Quarter 2014 Results

Diamond Offshore Drilling, Inc. (NYSE: DO) today reported third quarter 2014 net income of $53 million, or $0.38 per share, compared to net income of $95 million, or $0.68 per share, in the third quarter of 2013.  Revenues …

October 23, 2014 - 11:14 am Energy News

Weatherford Reports Third Quarter 2014 Results

Weatherford International plc (WFT) reported net income before charges of $248 million ($0.32 diluted earnings per share on a non-GAAP basis) on revenues of $3.88 billion for the third quarter of 2014.

Third Quarter 2014 Highlights

  • Completed the
October 23, 2014 - 11:07 am Energy News

Oil prices stage modest rebound

World oil prices rebounded slightly on Thursday after sharp losses the previous day sparked by surging crude stockpiles in the United States. US benchmark West Texas Intermediate for December delivery added 23 cents to $80.75 a barrel compared with Wednesday's …

October 23, 2014 - 7:29 am Energy RSS

Exclusive: California getting more Bakken crude by barge than rail

By Rory Carroll SAN FRANCISCO (Reuters) – Shipments of Bakken crude oil from North Dakota to California by barge have quietly overtaken those by train for the first time, showing how the state's isolated refiners are using any means necessary …

October 23, 2014 - 7:07 am Energy RSS

Oil will tumble to $70, says new 'bond king'

Jeffrey Gundlach believes Saudi Arabia loves 'turning the screws' on rival Iran.

October 23, 2014 - 7:02 am Energy RSS

Sanchez Energy Announces Record Third Quarter 2014 Production of 3,552 MBOE, an Increase of 91% Over Second Quarter 2014 and an Increase of 228% Over the Third Quarter 2013, and Provides Operations Update

Sanchez Energy Announces Record Third Quarter 2014 Production of 3,552 MBOE, an Increase of 91% Over Second Quarter 2014 and an Increase of 228% Over the Third Quarter 2013, and Provides Operations Update

October 23, 2014 - 7:00 am 360 Company Releases

Aqua Terra Water Management Announces Expansion into the Permian Basin

Aqua Terra Water Management, L.P. has announced the acquisition of two saltwater disposal facilities operated by Texas SWD Co, Inc and the acquisition of a permit for a salt water disposal facility from Coronado Minerals, LLC.

October 23, 2014 - 6:00 am Energy RSS

Basin, Eagle Ford shields Texas from price woes

With crude oil prices nosediving in recent months, unsettling fears of idled rigs and plummeting profits have begun creeping through companies and countries whose livelihoods are tied to oil productio

October 23, 2014 - 4:16 am Energy RSS

Oil will fall to $70, says new bond king

Star bond investor Jeffrey Gundlach believes oil will plunge to $70 because Saudi Arabia loves 'turning the screws' on rival Iran.

October 23, 2014 - 3:25 am Energy RSS

Neste Oil's Interim Report for January-September 2014

Neste Oil Corporation Interim Report 23 October 2014 at 9 a.m. (EET) Neste Oil`s Interim Report for January-September 2014 Strong market development in the third quarter. Full-year guidance revised. Third …

October 23, 2014 - 2:03 am Energy RSS

CLB Q3 2014: New Technology Drives Most Profitable Quarter Ever; All-Time Quarterly Highs For EPS And Net Income; Company Returns Over $107 Million To Shareholders In Quarter

CLB Q3 2014: New Technology Drives Most Profitable Quarter Ever; All-Time Quarterly Highs For EPS And Net Income; Company Returns Over $107 Million To Shareholders In Quarter

October 22, 2014 - 7:25 pm 360 Company Releases

Governor announces $16.4 million for 106 projects

 Gov. Tom Corbett recently announced $16.4 million in funding to support 106 projects through seven Act 13 Marcellus Legacy Fund programs designed to support conservation projects and environmental protection measures throughout Pennsylvania. "We established these programs to ensure a portion …

October 22, 2014 - 6:34 pm Energy RSS
What does Chesapeake’s $5.4 billion Marcellus Divesture mean for Magnum Hunter Resources?

What does Chesapeake’s $5.4 billion Marcellus Divesture mean for Magnum Hunter Resources?

Despite the weight the Marcellus/Utica region carries on the oil and gas industry, E&Ps continue to de-risk and explore parts of the play in an attempt to find the elusive “sweet spot.”

Chesapeake Energy (ticker: CHK), one of the play’s …

October 22, 2014 - 5:27 pm Oil and Gas 360 Articles

SandRidge Energy, Inc. Announces Increase in Borrowing Base and Extension of Credit Facility

SandRidge Energy, Inc. (SD) today announced that it has increased the borrowing base and extended the maturity of its senior credit facility. The new, five-year agreement with 27 lending institutions has a maximum facility size of $2 billion …

October 22, 2014 - 5:20 pm Energy News

York County directs Marcellus Shale funds toward Delta parks, recreation

Residents of Delta in southern York County might soon get to enjoy public parks and other recreational development in their neighborhood.

October 22, 2014 - 5:15 pm Energy RSS

Core Laboratories Q3 2014: New Technology Drives Most Profitable Quarter Ever;

In the third quarter of 2014, Core Laboratories N.V. (NYSE: “CLB US” and Euronext Amsterdam: “CLB NA”) posted the most profitable quarter in Company history. The record results were driven primarily by new, or recently introduced, technology and related services …

October 22, 2014 - 5:15 pm Energy News

Bellatrix Appoints Steve G. Toth as Vice President, Investor Relations

Bellatrix Appoints Steve G. Toth as Vice President, Investor Relations

October 22, 2014 - 5:14 pm 360 Company Releases

Oil prices fall again. Buckle up for gas prices below $3.

Crude oil prices just keep falling, and gas prices are following suit. Many analysts think the downward trend in oil prices will continue, driving the average price at the pump in the US below $3.00 a gallon.

October 22, 2014 - 5:06 pm Energy RSS

Why the Permian Basin is important to US oil

Currently, there are 1,590 oil rigs at work in the U.S. The Permian Basin has 558 of these rigs, more than any other region has.

October 22, 2014 - 5:00 pm Energy RSS

SandRidge Energy, Inc. Announces Increase in Borrowing Base and Extension of Credit Facility

SandRidge Energy, Inc. Announces Increase in Borrowing Base and Extension of Credit Facility

October 22, 2014 - 4:49 pm 360 Company Releases

Shell announces Gabon deep-water gas discovery

Shell today announced a frontier exploration discovery offshore Gabon, West Africa. The well Leopard-1 encountered a substantial gas column with around 200 metres net gas pay in a pre-salt reservoir.

Leopard-1 is located around 145 kilometres off the Gabonese coast, …

October 22, 2014 - 4:35 pm Energy News