EnerCom, Inc. to Host The Oil & Services Conference(TM) 13, February 18-19, 2015, in San Francisco
EnerCom, Inc. to Host The Oil & Services Conference(TM) 13, February 18-19, 2015, in San Francisco
…Archive for January, 2015
Harvest Natural Resources Files for International Arbitration vs. Venezuela
To say Houston’s Harvest Natural Resources (ticker: HNR) has been frustrated by the government of Venezuela is an understatement. On Jan. 15, Harvest submitted a request for international arbitration against the sovereign nation.
After years of fruitless negotiations with Venezuela …
CIBC Bearish on Gas
The CIBC maintains a bearish outlook on gas prices as weather remains warmer than last year
The Canadian Imperial Bank of Commerce (CIBC) released its outlook on gas today, continuing to hold its bearish stance on the commodity’s future. The …
Synergy Resources Corporation Provides an Operations Update, and Updates Fiscal Second Quarter Production Guidance
Synergy Resources Corporation (NYSE MKT: SYRG) (“Synergy” or the “Company”), a U.S. oil and gas exploration and production company with operations focused in the Greater Wattenberg Area in the D-J Basin, announces that it has entered into a day rate …
Matador Resources Announces Delaware Basin Acquisition
Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced it has entered into a definitive agreement to acquire Harvey E. Yates Company (“HEYCO”), a subsidiary of HEYCO Energy Group, Inc., including certain oil and natural gas producing properties …
Halliburton, Baker Hughes Each Close on Record Years in Q4’14 Results
Two oilservice giants standing tall in face of downturn
The oil and gas industry may be bracing for a downturn in drilling operations, but Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) are entering 2015 on the heels of one …
Gasoline Demand Set to Grow at Fastest Rate in the Last 40 years
Raymond James this morning predicted that gasoline demand could skyrocket as prices remain low
A note published by Raymond James Equity Research this morning suggests that U.S. gasoline demand could grow up to 3%, or about 300 MBOPD, in 2015. …
China Misses Growth Target for First Time in 15 Years
Analyst say numbers out of China indicate that growth is slowing
After posting annual GDP growth of 7.4%, the Chinese economy seems to be continuing its impressive year-on-year growth, but analysts say the rise is slowing. 2014 marks the first …
CARBO Announces Quarterly Dividend; Schedules Fourth Quarter and Year End 2014 Earnings Call for January 29, 2015
CARBO Announces Quarterly Dividend; Schedules Fourth Quarter and Year End 2014 Earnings Call for January 29, 2015
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Canadian Oil Reaching the Gulf, With or Without Keystone
Two new pipelines opened last week allowing more Canadian crude to reach refineries in Texas
Canadian Premier for Alberta, Jim Prentice, and the Canadian minister for natural resources, Greg Rickford, were both in Texas last Friday celebrating the opening of …
Moody’s Downgrades Russia, Mexico may Follow
Russia receives downgrade
Moody’s Investors Service announced last week that it was downgrading the outlook for the government of Russia’s debt rating to Baa2 from Baa1, putting Russia’s rating just one notch above a junk rating. Moody’s also maintains a …
Schlumberger Announces Increases to Revenues, Dividends in Q4’14 Results
Schlumberger kicks off earnings season with increased revenue and dividends
Schlumberger (ticker: SLB) released its fourth-quarter and full-year 2014 results on January 15, showing year-over-year revenue growth and announcing a 25% increase to dividends. The company said revenue growth was …
North Sea Project Begins Production
Det Norske announced today first production from offshore of Norway
Det Norske Oljeselskap ASA, in partnership with Core Energy AS and Lundin Norway AS (ticker: LUPE) announced the production of first oil from their offshore project in the Bøyla field. …
A Point of Light: Core Lab Increases Quarterly Dividend
On January 12, Core Laboratories N.V. (ticker: CLB) announced that it would increase the cash dividend on its common shares to $0.55 per share. The dividend represents a 10% increase and will be payable on February 20, 2015, to shareholders …
NGP Launches 11th Energy Private Equity Fund with $5.325 Billion
Cash is Flowing into North American Oil and Gas Industry: OAG360 Exclusive Interview with Ken Hersh
“We operate with a very wide and blank canvas.” – Ken Hersh, CEO, NGP Energy Capital Management
Raising capital to fund North American energy …
BP’s fine for 2010 oil spill capped at $13.7 billion
Story by Reuters
BP Plc (BP.L) will face a maximum fine of $13.7 billion under the Clean Water Act for its Gulf of Mexico oil spill, several billion dollars less than feared, after a judge ruled that it was smaller …
Enterprise says Seaway Twin running at around half capacity
Story by Reuters
Enterprise Products Partners said on Friday its Seaway Twin pipeline may not run at full capacity for the time being on low oil prices.
It is running at 200,000-250,000 barrels per day (bpd) now, versus capacity of …
Acorn Energy Announces Receipt of Nasdaq Notice of Bid Price Deficiency
Acorn Energy Announces Receipt of Nasdaq Notice of Bid Price Deficiency
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Prices Jump as Production Slows – IEA
In its monthly Oil Market Report, the IEA reported slowing production and signs of increased demand in the future
Brent crude oil rose more than $2 to reach a high of $50.36 yesterday on news from the International Energy Agency …
Penn Virginia Corporation Schedules Conference Call for Fourth Quarter and Full-Year 2014 Results
Penn Virginia Corporation Schedules Conference Call for Fourth Quarter and Full-Year 2014 Results
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Balance Sheet an Asset for these Small-Mid Cap E&Ps
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 …
Schlumberger Announces Full-Year and Fourth-Quarter 2014 Results
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, | |||||||||||||
Encana Completes Sale of Its Clearwater Assets for C$605 Million
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 …
Range Resources Reserves Increase 26%
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 …
Bam! It’s Earnings Season Again – Q4’14 Estimates
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 …
Shaking Up the World’s Top Oil Producers
Take a good look at the global oil producers’ scorecard as it stands today. In a year or two, depending on when, how and if global production begins to fall off as a result of lower commodity prices or other …
Chart of the Week: WTI Price: Where it’s Been, Where’s it Going?
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 …
Range Announces Updated 2015 Capital Budget, Early Commissioning of Mariner East Propane Pipeline and 2014 Production Volumes
Range Announces Updated 2015 Capital Budget, Early Commissioning of Mariner East Propane Pipeline and 2014 Production Volumes
…Range Proved Reserves Increase 26% to 10.3 Tcfe
Range Proved Reserves Increase 26% to 10.3 Tcfe
…Schlumberger Declares 25% Increase in Quarterly Dividend
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 …
