Earnings season is approaching, and balance sheets will carry more weight than they have in years. The oil price slide has resulted in a much greater debt to market cap percentage across the oil and gas sphere. In EnerCom’s E&P Weekly for the period ended September 26, the median debt/market cap percentage was 40%. In the latest edition for the
Schlumberger Limited (SLB) today reported results for the full-year and fourth-quarter 2014. Full-year results are shown in the table below. Full-Year Results (Stated in millions, except per share amounts) Twelve Months Ended Growth Dec. 31, 2014 Dec. 31, 2013 Year-on-year Revenue $ 48,580 $ 45,266 7 % Pretax operating income 10,576 9,344 13 % Income from continuing operations, excluding charges
Encana Corporation (Encana) has completed the previously announced sale of certain Clearwater assets in Alberta to Ember Resources Inc. for a purchase price of approximately C$605 million. The sale includes about 1.2 million net acres of land, over 6,800 producing wells and approximately 180 million cubic feet equivalent per day (mmcfe/d) of natural gas production. “We enter 2015 focused on
The company announced today large increases to its reserves Range Resources (ticker: RRC) announced today that the company’s proved reserves have increased to 10.3 trillion cubic feet equivalent (Tcfe), an increase of 26%. In its press release, RRC also said it replaced 581% of production in 2014 from drilling. In EnerCom’s E&P Weekly for the week ended January 9, 2015,
EnerCom, Inc. compiled fourth quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 200 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, 2014, is $0.37 per share compared to actual earnings per share of $0.27 and
The price of West Texas Intermediate (WTI) crude has taken the oil and gas industry for a wild ride since June. From north of $105, so far we’ve rocketed down the first hill of the rollercoaster and we’re still screaming with our eyes closed. But if you go by the published WTI price forecasts of 32 large banks, crude is
The Board of Directors of Schlumberger Limited (SLB) today declared a quarterly dividend of $0.50 per share of outstanding common stock. The dividend is payable on April 10, 2015 to stockholders of record at the close of business on February 11, 2015. About Schlumberger Schlumberger is the world’s leading supplier of technology, integrated project management and information solutions to customers
Williams (WMB) announced today that it delivered a record amount of natural gas on its Transco interstate gas pipeline to meet demand driven by recent cold weather in markets on the U.S. Eastern Seaboard. Two recently completed expansions of Transco, totaling 315,000 dekatherms per day (dth/d) of natural gas transportation capacity, contributed to the volume record in early January. The
Breitling Energy Corporation (BECC) (the “Company”) announces its participation in the 7,616 foot Seely Black Stone #1 in Newton County, Texas. The well adds to the portfolio of south Texas assets in which the Company participates, with future projects in the area underway. Primary objectives of the vertical well were various Yegua sands that are historically oil and gas productive.
White House looks to EPA to enforce new regulations and avoid Congress The White House announced yesterday that it will be releasing new regulations to curb the amount of methane generated by drilling operations throughout the United States. How the regulations will affect the oil and gas industry and how greatly they will reduce greenhouse gasses will not be finalized
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