Lonestar Resources, (OTCQX: LNREF, ASX: LNR), an oil and gas company with assets in the Eagle Ford and Bakken shales, reported its Q4’14 earnings on February 2, 2015. The Fort Worth-based E&P reported several company records despite the challenges associated with one of the most difficult quarters many producers have seen in years. Q4’14 Results Lonestar averaged net volume of
Anadarko Petroleum Corporation (APC) today announced 2014 fourth-quarter results, reporting a net loss attributable to common stockholders of $395 million, or $0.78 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items decreased net income by $582 million, or $1.15 per share (diluted), on an after-tax basis.(1) Cash flow
Two applications for seismic surveys have been submitted following the announcement from the Obama administration that it would open up portions off the east coast for offshore drilling. The two companies, Spectrum Geo and GX Technology, both Houston based companies, have filed requests to conduct seismic testing in the waters off the coast of North Carolina to determine what oil and natural
FINANCIAL HIGHLIGHTS – The company’s debt facility was increased to US$19 million and the interest rate reduced to a 90 day LIBOR plus 3.25%, currently the effective rate is approximately 3.48%. During the quarter, Samson drew down US$4.5 million against this facility, with a further drawdown of US$2.0 million in January 2015, bringing the outstanding loan balance to US$17.5 million.
From Middle East Monitor: A senior official from Egypt’s natural gas holding company, EGAS, said on Sunday that Egypt plans to import Israeli natural gas directly from American oil firm, Noble Energy without the mediation of companies in Egypt or abroad, Anadolu news agency reported. Earlier on Sunday a delegation from Nobel Gas arrived in Cairo from Tel Aviv on
Miller Energy Resources (“Miller”) (NYSE: MILL) announced today that its Board of Directors has declared a semi-annual cash dividend on Company’s Series B Redeemable Preferred Stock (“Series B Preferred Stock”) and a quarterly cash dividend payment on the Company’s 10.75% Series C Cumulative Redeemable Preferred Stock (“Series C Preferred Stock”) and its 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable
TULSA, Okla.–(BUSINESS WIRE)–Williams (NYSE: WMB), Williams Partners L.P. (NYSE: WPZ), and Access Midstream Partners, L.P. (NYSE: ACMP) today announced the closing of the merger between Williams Partners and Access Midstream Partners. As part of the completion of the merger, Access Midstream Partners changed its name to Williams Partners L.P. and its units will trade under the symbol “WPZ” beginning on Feb.
Integrated business model produces solid results amid lower commodity prices Completed a record eight major Upstream projects in 2014 Delivered full-year production plan of 4 million oil-equivalent barrels per day IRVING, Texas–(BUSINESS WIRE)–Exxon Mobil Corporation (NYSE:XOM): Fourth Quarter Twelve Months 2014 2013 % 2014 2013 % Earnings Summary (Dollars in millions, except per share data) Earnings 6,570 8,350 -21 32,520
Falling Rig Count, CapEx Cuts Having Impact Groundhog Day might have been a scare for two out of three groundhogs, but not for the world’s oil bulls. In spite of warnings of a short-lived rally from some banks, oil prices managed to climb nicely on Feb. 2, maintaining about a $5 spread between the key benchmarks, WTI and Brent. Analysts point
Expands Service Line Capabilities and Enhances Underwater Service Offerings February 2, 2015 – Houston, Texas – Oceaneering International, Inc. (NYSE:OII) announced that it has entered into a definitive agreement to acquire C & C Technologies, Inc. (C&C), a privately-held global provider of survey services, for approximately $230 million in cash. Headquartered in Lafayette, Louisiana, C&C is a leading provider
Proved reserves increase to 547.7 MMBOE, an increase of 28% over 2013. 2014 drilling reserve replacement of 261% and drilling F&D costs of $14.39/BOE Fourth quarter of 2014 production averaged 176 MBOE/d, 13% above the midpoint of guidance for the quarter. DENVER–(BUSINESS WIRE)–Feb. 2, 2015– SM Energy(NYSE:SM) today announces its 2014 proved year-end reserves and production for the fourth quarter
HOUSTON, Feb. 2, 2015 /PRNewswire/ — Sanchez Energy Corporation (NYSE: SN) (“Sanchez Energy” or the “Company”), today provided an update on its fourth quarter and full year 2014 operations and year-end 2014 reserves. Summary Highlights Sanchez Energy reported fourth quarter 2014 production of approximately 4,039 MBOE, an increase of 14% over the third quarter of 2014 and an increase of 133%
