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360 Articles

Is Oil About to Make a Head and Shoulders Move?

Is Oil About to Make a Head and Shoulders Move?

Chart Watching: a Hobby Resurrected Oil price has been on a tear as of late with market watchers picking away at any scrap of data coming from the oil sector as to when the market will balance. WTI prices have increased in the neighborhood of 70% since hitting a low around $27 three months ago. There have been several catalysts[Read More…]

May 6, 2016 - 6:23 pm 360 Articles, Analytics, Closing Bell Story, Energy News
Banks Becoming Increasingly Wary of Energy Defaults

Banks Becoming Increasingly Wary of Energy Defaults

Median Debt to EBITDA is 3.6 Times across 77 U.S. E&P Companies: EnerCom Analytics It happened when ‘lower for longer’ went from being a popular catch phrase to bitter reality. Today, bankruptcy has become an increasingly common word across the energy sector. Increasing federal oversight of oil and gas lending, decreasing cash flows and higher leverage ratios for oil and[Read More…]

New Oil Company Data Points and Operating Metrics Available on Oil & Gas 360®

New Oil Company Data Points and Operating Metrics Available on Oil & Gas 360®

Oil & Gas 360® has updated financial information for the energy companies listed on the home page. Companies who have reported results for the quarter ending 3/31/2016 have been updated and can be found on their respective 360 Profile Pages. Links to the profile company financial and operations data and access to downloadable tear sheets are linked on the Oil[Read More…]

Oil and Gas M&A: What Price is the Right Price?

Oil and Gas M&A: What Price is the Right Price?

Deal metrics for U.S. oil and gas M&A are down with oil prices The precipitous drop in the price of oil has hit the industry hard. Many in the oil and gas business thought a price rout would quickly take production offline, helping to rebalance markets, but production around the globe has been stronger than analysts anticipated. As oil prices[Read More…]

Executive Incentive in the Oil and Gas Industry: Is Pay for Performance the Answer?

Executive Incentive in the Oil and Gas Industry: Is Pay for Performance the Answer?

The NFL draft will take place next week and new millionaires will be freshly minted without having played a single down in a single NFL game. They will be paid based upon expectations and not actual results. Investors want own stock based upon future results and not historic metrics. So when it comes to executive pay, it is all about[Read More…]

April 22, 2016 - 6:35 pm 360 Articles, Analytics, Closing Bell Story, Energy News
EnerCom Inc. Provides Annual Finding and Development Cost Study

EnerCom Inc. Provides Annual Finding and Development Cost Study

For the global oil and gas industry, world events are shaping the future. If the shale revolution started in 2004, the shale evolution will have its genesis in 2015. The industry’s previous business model, using scarcity as its raison d’être, is dead and buried.  We have seen the potential of the horizontally drilled well, and it is good.  Technology is[Read More…]

April 21, 2016 - 6:45 pm 360 Articles, Analytics, Closing Bell Story, Feature Stories
Sanchez Energy Tops First Quarter Production Guidance

Sanchez Energy Tops First Quarter Production Guidance

Sanchez Energy (ticker: SN) provided the market with an operational update for first quarter 2016 on April 20, 2016. Highlights include: Process improvements and efficiency gains continue to drive savings in Sanchez Energy’s average well costs, with some wells coming in at approximately $3.0 million during the first quarter 2016; Production of 5.1 million barrels of oil equivalent reported by[Read More…]

April 20, 2016 - 6:45 pm 360 Articles, Analytics, Closing Bell Story, E&P
Energy Upside: the Surge of Ethane

Energy Upside: the Surge of Ethane

Natural gas production has increased aggressively over the last 10 years after the shale revolution unlocked the door to vast new resource potential. In the U.S., marketed natural gas production has increased from 53.2 Bcf/d in 2006 to 78.9 Bcf/d in 2015, an increase of 48.3% according to EIA statistics. The increase in natural gas production has also created a[Read More…]

April 1, 2016 - 6:10 pm 360 Articles, Analytics, Closing Bell Story, Energy News
Which E&Ps are Paying Dividends?

Which E&Ps are Paying Dividends?

Many energy companies have elected to reduce or suspend dividends over the course of 2015, but not everyone. On March 29, 2016, SM Energy (ticker: SM; SM-Energy.com) announced that the board of directors had approved a semi-annual cash dividend of $0.05 per common share of stock outstanding. This equates to a $0.10 yearly dividend, and a dividend yield of 0.53%[Read More…]

March 31, 2016 - 6:12 pm 360 Articles, Analytics, Closing Bell Story, Energy News
Are the Oil Bulls Getting Ready to Run?

Are the Oil Bulls Getting Ready to Run?

We Have Created a Significant Supply Gap in the Years to Come: Andurand Pierre Andurand, one of the foremost prognosticators of the oil collapse, has declared the beginning of a bull run on oil prices that will likely span the next few years due to the impact on supply from current low oil prices. In a January 2016 interview with[Read More…]

March 31, 2016 - 6:09 pm 360 Articles, Analytics, Closing Bell Story, Energy News
Petroquest Bumps Q1 Production Guidance by 12%

Petroquest Bumps Q1 Production Guidance by 12%

Petroquest Energy announced on March 28, 2016, the company has increased its production guidance for the first quarter of 2016 to approximately 81-82 MMcfe per day. This is approximately a 12% increase on the low end of the guidance from the initial projections of 72-76 MMcfe per day. The midpoint of the guidance would also indicate a 12% increase in[Read More…]

Cost Structure in the Marcellus

Cost Structure in the Marcellus

The Growth of the Marcellus The growth of drilling, acquisition, and production in the Marcellus has been fast and furious since gaining the notoriety as one of the planet’s premier natural gas plays. Companies with natural gas exploration experience flocked to the area, gobbled up acreage positions and continued to improve techniques to drive increased production in the region. Production[Read More…]

March 23, 2016 - 2:11 pm 360 Articles, Analytics, Closing Bell Story, E&P, Energy News
Source: WPX

Natural Gas Pricing and Marcellus Differentials

Discount to Henry Hub has Narrowed The spread between natural gas prices at Henry Hub and pricing in the hubs around the Marcellus has been indicative of the supply glut and the status of infrastructure in the area. Henry Hub in Louisiana acts as the main trading point for natural gas in the U.S., but natural gas from the Utica[Read More…]

March 22, 2016 - 5:41 pm 360 Articles, Analytics, Closing Bell Story, Energy News
Southwestern Energy Announces It Will Make Preferred Dividend Payment with Common Stock

Southwestern Energy Announces It Will Make Preferred Dividend Payment with Common Stock

On March 16, 2015, Southwestern Energy (ticker: SWN) announced a quarterly dividend payment on the company’s 6.25% Series B Mandatory Convertible Preferred Stock. Southwestern has elected to make this payment in common shares as opposed to cash, or a “payment-in-kind” (PIK) dividend. Southwestern’s quarterly dividend amounts to $27.3 million that will be paid using up to 3.35 million shares of[Read More…]

March 17, 2016 - 5:30 pm 360 Articles, Analytics, Closing Bell Story, Finance
The Oil & Services Conference™ Presenters Talk 2016 Strategy and Beyond

The Oil & Services Conference™ Presenters Talk 2016 Strategy and Beyond

$80 Oil + $4 NatGas + 1,300 Rigs Working After the news of the past few weeks, it felt like we were getting really close to the day when investors and oil industry spouses might be ready to throw in the towel. Then EnerCom’s 14th west coast investor conference unearthed something in the shadow of the Transamerica Building. By blending together a batch of[Read More…]

Core Laboratories Brings Technological Innovation to the Oil Field

Core Laboratories Brings Technological Innovation to the Oil Field

Core Laboratories (ticker: CLB) presented at EnerCom’s The OilServices Conference 14 in San Francisco on March 9, 2016. Core Laboratories is a leading provider of proprietary and patented reservoir description, production enhancement, and reservoir management services used to optimize petroleum reservoir performance. David Demshur began the company remarks for Core Lab by commenting on last years The OilServices Conference prediction[Read More…]

March 9, 2016 - 6:35 pm 360 Articles, Analytics, Closing Bell Story, Energy News, TOSC14
Panhandle Oil & Gas Poised for Growth

Panhandle Oil & Gas Poised for Growth

Panhandle Oil & Gas (ticker: PHX) presented at EnerCom’s The OilServices Conference 14 in San Francisco on March 9, 2016. Panhandle currently owns 255,300 fee mineral acres and a working interest and/or royalty interest in over 6,100 wells. The company does not operate any wells. In the company’s year-end release, PHX reported a 31% increase in production from 2014, and[Read More…]

March 9, 2016 - 6:32 pm 360 Articles, Analytics, Closing Bell Story, E&P, TOSC14
PDC Energy Announces Stock Offering

PDC Energy Announces Stock Offering

On March 7, 2016, PDC Energy, Inc. (ticker: PDCE) announced the company would offer 5,922,500 shares, including the expected purchase of overallotments, in common equity to the market. The offering is expected to bring in gross proceeds of $262.7 million dollars. The net proceeds from this offering will be used to repay the principal amounts owed upon the maturity of[Read More…]

Energy Industry: I’d Rather Not Be in Your Debt Forever

Energy Industry: I’d Rather Not Be in Your Debt Forever

The Wrath of Godzilla Oil and gas companies have become wary of debt like the residents of Odo feared the wrath of Godzilla, rising up from the sea to wreak havoc at any moment and smashing buildings in a single bound. In a highly capital intensive industry like oil and gas development, debt is a necessity. Bank debt and corporate[Read More…]

March 1, 2016 - 6:55 pm 360 Articles, Analytics, Closing Bell Story, E&P, Finance
EQT – Getting Stronger for Longer

EQT – Getting Stronger for Longer

EQT Corp. issued 7.475 million shares (includes overallotment) at a price to the public of $58.50 per share for gross proceeds of ~$426 million.  The offering price was at a ~4% discount to yesterday’s close. The company’s line for the capital issuance was to maintain its investment grade rating.  At Sept 30, 2015, EQT had cash of $1.66 billion, no[Read More…]

February 19, 2016 - 3:33 pm 360 Articles, Analytics, Closing Bell Story, E&P, Finance
Oil Market Balance will Return by the End of 2017: EIA

Oil Market Balance will Return by the End of 2017: EIA

The dreaded surplus is only 3 days’ production Global oversupply in the oil market has almost become a curse word in the oil and gas industry. Since the OPEC decision to maintain output levels on November 28, 2014, the industry has seen storage numbers rise and commodity prices fall. Increased U.S. production and a global battle for market share have[Read More…]

February 18, 2016 - 4:33 pm 360 Articles, Analytics, Closing Bell Story, Commodity Pricing
Energy CapEx: Spending Money to Make Money

Energy CapEx: Spending Money to Make Money

Back when the dinosaurs roamed the Earth in the late 1980s and 1990s, oil and gas companies started to use a term called EBITDAX instead of Net Income to describe the amount of cash that was generated from ongoing operations.  Net Income includes non-cash expenses like depletion, depreciation, amortization, and interest expense. EBITDAX?  Don’t you mean EBITDA?  Actually, we mean[Read More…]

February 17, 2016 - 7:33 pm 360 Articles, Analytics, Closing Bell Story, E&P, Feature Stories
Shell Just Became the World’s Number Two Energy Company

Shell Just Became the World’s Number Two Energy Company

Shell now controls 16% of the world’s LNG market, becomes the largest independent producer of LNG Royal Dutch Shell (NYSE: RDS.B; www.shell.com) has leap frogged to the second largest publicly traded energy company in the world following the completion of its $53 billion acquisition of BG Group. The deal was originally announced on April 8, 2015. Under the terms of[Read More…]

MPLX LP Pulls Back the Reins, Cuts Dividend Growth in Half

MPLX LP Pulls Back the Reins, Cuts Dividend Growth in Half

Just 63 days after the close of a transformative purchase of MarkWest Energy Partners, Marathon Petroleum, the General Partner of MPLX LP (ticker: MPLX), is downwardly adjusting its dividend growth plan for the MLP – plans that it made public during the company’s Analyst Day presentation on December 3, 2015. MPLX, the limited partner of Marathon Oil Corporation (ticker: MPC),[Read More…]

Spring Borrowing Base Redeterminations: a Preview

Spring Borrowing Base Redeterminations: a Preview

Haynes and Boone polled banks, producers, private equity firms, professional services and oilservice companies in January to take an early pulse of the spring redetermination expectations from the industry and the financial institutions supplying the credit. Key findings by Haynes and Boone: Overall respondents expect 79% of the borrowers to see a decrease in their borrowing base in spring 2016[Read More…]

January 20, 2016 - 4:37 pm 360 Articles, Analytics, Closing Bell Story, Commodity Pricing
Coal 2016: Knock, Knock, Knocking on Heaven’s Door

Coal 2016: Knock, Knock, Knocking on Heaven’s Door

First a warning, then executive actions through the EPA, now a halt to coal mining leases on federal land Government policy can be used as a powerful industry killer. Ask the coal miners in Appalachia. In a 2008 speech candidate Obama warned that “if somebody wants to build a coal power plant it will bankrupt them because they’re going to be[Read More…]

Colorado Wattenberg Field: Preparing a horizontal drilling rig - Oil & Gas 360

Oil & Gas Industry Looks to 2016 for Answers

Survey of Energy Industry Executives and Investment Professionals Focused on the Oil & Gas Industry In December, Oil & Gas 360® conducted a survey of industry executives and investors. We asked respondents to predict commodities pricing for 2016, as well as U.S. CapEx, global demand and U.S. production for the year ahead. Who are the respondents? 50% are executives from E&P,[Read More…]

Why are You Drilling?

Why are You Drilling?

Does the term “bearish” even begin to describe commodity prices anymore? Oil prices are generating most of the headlines, but natural gas has it just as tough: spot prices for Henry Hub are trading at 16-year lows. The story remains the same, as the supply/demand imbalance remains tilted towards the former with headwinds applying additional downward pressure. The tightened margins[Read More…]

Scotiabank Report:  Oil Near Term Could Hit $30

Scotiabank Report: Oil Near Term Could Hit $30

Bank Looks for Commodities Prices to Rebound on “Broad Front” by 2017, Examines 2015 OPEC/Saudi Actions Scotiabank Economics released its annual commodities outlook today, saying near term WTI could be US$30, based on post-Dec. 4 OPEC oil trading below US$35 already, “and could drop to US$30 near-term.” Scotiabank reviewed Saudi Arabia’s Fall 2015 actions as “apparently willing to implement a series of output[Read More…]

December 21, 2015 - 4:17 pm 360 Articles, Analytics, Canada, Closing Bell Story, Commodity Pricing, OPEC
Will Weak Oil Prices Push Fed Back to Zero?

Will Weak Oil Prices Push Fed Back to Zero?

First Lift Off in the History of U.S. Monetary Policy (Editor’s Note: Art Hogan, Wunderlich Securities, Inc. Director of Research & Chief Market Strategist, offered the following commentary about the Fed’s move this week to raise interest rates.) Seven years ago, the Federal Open Market Committee made the historically unprecedented move of targeting the zero bound for the federal funds[Read More…]

December 18, 2015 - 6:44 pm 360 Articles, Analytics, Closing Bell Story