MLP Third Quarter 2015 Earnings
MLP Earnings for the Three Months Ended September 30, 2015
November 12
- Alta Mesa Holdings, LP
- Sanchez Production Partners – NYSE MKT: SPP
- Shell Midstream Partners, L.P. – NYSE: SHLX
November 10
…Oil and Gas 360 Articles
Lonestar Resources Primed for Further Production Increases with Attractive Hedges in Tow
Company Production Record in October
Lonestar Resources (ticker: LNREF) announced a company production record in its Q3’15 results, and the upward volume trend is expected to continue through the end of the year.
Lonestar averaged production of 6,614 BOEPD in …
Cheniere to Provide 12 Cargoes per Annum to France in 2018
Cheniere signs five-year contract with France’s Engie
Cheniere Energy (ticker: LNG) made an agreement this week to provide up to 12 cargoes of liquefied natural gas (LNG) to France’s Engie (ticker: ENGI) as part of a five-year contract starting in …
Rig Count Falls to 775
U.S. rig count takes another dip
The U.S. rig count fell again this week after a week of no changes to the total count. According to Baker Hughes (ticker: BHI) the total number of rigs drilling in the United States …
Are MLPs Losing Favor?
Back in November 2014, Oil & Gas 360® asked an analysts who follows the MLP space closely if MLPs were a fad. He responded, “This is like asking me if Western Civilization is a fad.”
That exchange occurred on Nov. …
Range Resources: The Appalachia’s Early Mover Sets Stage for 2016
Vital Pipeline Startup will Result in Increased Margins
Range Resources (ticker: RRC) is well-established as a low cost producer (its three-year finding and development costs rank fifth among 87 peers in EnerCom’s E&P Weekly Benchmarking Report), but that doesn’t mean …
Executive Search in the Oil & Gas Industry: A Constant Pattern of Change
Who’s searching? An exclusive conversation with David Preng
David Preng isn’t worried about the timing of an oil price recovery, as he knows it is coming.
“We have to drive cars; we have to use trucks and trains to get …
Whiting Petroleum Continues Bakken Well Optimizations
30-Day Rates on New Pads Exceeding 1,000 BOEPD
Oil and gas companies are focusing on efficiencies more than ever before, and Whiting Petroleum Corporation (ticker: WLL) continues to progress on its industry-leading acreage in the Williston Basin.
Enhanced completions led …
Oil Prices Could Deplete Russia’s Sovereign Funds by the End of 2016
“2016 is the last year when we are able to spend our reserves [this] way” – Russian finance minister
Russia’s Ministry of Finance released a draft budget for 2016, which relies heavily on the country’s sovereign fund to bridge its …
Oil Prices and Jobs: What will Move the Needle Next?
Oil & Gas 360® Industry Leadership Survey Results
Oil & Gas 360® completed a survey of industry executives last week. The survey was offered to 3,000 current industry leaders working at the highest level.
The purpose was to gather …
$17 Billion and Counting: The Oil Writeoffs are Piling Up Fast
Oil prices climbed on the eve of October’s busiest day of earnings season, but significant impairment charges put a damper on the brief rally. Large scale oil producers wrote off billions in the early stages of Q3’15 earnings, as Anadarko …
Pemex Sees Silver Lining in U.S. Crude Swap Agreement after Posting Its Largest Quarterly Loss
Mexico’s state-owned oil major is on pace to record its lowest annual production in three decades
Petroleos Mexicanos (Pemex) has transformed its energy policies and welcomed investments with open arms, but the progress is no match for the 53% drop …
A Year after OPEC Throws a Stone into the Pond, the Ripples are Still being Felt
The Thanksgiving Day Decision
Last November, OPEC sparked the decline in crude oil prices that would see both international benchmark Brent crude, and U.S. benchmark WTI crude, lose more than 50% of their value. The group decided to move away …
Fed Maintains Rates in a 9-1 Vote
The Federal Reserve decided to stand pat following its two-day October meeting
The U.S. Federal Reserve today decided to maintain rates near zero, leaving them unchanged since 2008. The Fed did announce that it is open to raising rates at …
Shell Shuts Down Second Major Project, Streamlines Upstream Operations
Shell takes $2 billion impairment with oil sands exit in Canada
Royal Dutch Shell (ticker: RDSA) announced today that the company will not continue construction on its Carmon Creek oil sands project in Alberta. The project was expected to produce …
Parallels Abound Between Baseball and the Energy Industry as 111th World Series Gets Underway
“The journey from the minor leagues to the World Series parallels the struggle to climb the ladder of American business. Many try, but only a few succeed.” – Roger Kahn, The Boys of Summer
Call it a throwback to the …
Blackbird Energy Reduces Costs on Third Montney Well by 49%
Blackbird Energy (ticker: BBI) announced today that it has successfully drilled, logged and cased its third well at Elmworth, in the Montney, located at 2-20-70-7W6 (the “2-20” well). Blackbird has a 100% working interest in the 2-20 well, as …
Russia will Remain the Main Supplier of NatGas to Europe: Souki
Cheniere on track for LNG shipments starting in January
Cheniere will not replace Russia as the dominate source of gas in Europe, according to Cheniere (ticker: LNG) CEO Charif Souki. Cheniere, which is headquartered in Houston, is expected to start …
Western Refining Pitches $2.56 Billion Buyout Offer for Northern Tier Energy
Purchased First NTI Stake in 2013
Western Refining (ticker: WNR) is attempting to enhance its Midwest footprint, proposing a $2.56 billion buyout deal of Northern Tier Energy LP (ticker: NTI). WNR already owns 100% of the partnership and 38% of …
Duke Energy Acquires Piedmont for Total Consideration of $6.7 Billion
Duke gains 1 million new customers in Piedmont acquisition
North Carolina based Duke Energy (ticker: DUK) announced that it will acquire Piedmont Natural Gas (ticker: PDM) for $4.9 billion in cash, and assume Piedmont’s $1.8 billion in debt, for total …
Oilservice Majors: Look for a Delayed Oil Price Recovery (But One IS Coming!)
Forecast Pushed Back in 2016
Earnings season is underway, but you’d have a hard time believing we’re in the first week of quarterlies judging from a headline from Bloomberg this morning. It reads, “$6.5 Billion in Energy Writedowns and We’re …
Nighthawk Targets Waterfloods in the DJ
Nighthawk provides an update on its drilling program in the DJ Basin
Nighthawk Energy (ticker: HAWK.L) released an operational update on its drilling program in the Denver-Julesburg (DJ) Basin. According to the press release from Nighthawk, the company is …
Rig Count Holds Steady for the First Time in Two Months
Oil and gas rig counts hold total in balance
The total rig count for active U.S. rigs held steady at 787 after 8 consecutive weeks of falling. The last time the U.S. rig count remained the same week-over-week was the …
$50 Oil: Are We Back at “Normal”?
Oil prices coming in line with their historic levels during the past 41 years
As companies, analysts and others look at oil prices stabilizing in the $45-$50 range for U.S. crude oil benchmark WTI as a post-Thanksgiving 2014 “new normal,” …
UAE Wants to Increase Production by 30% in 5 Years
The UAE is looking to use enhanced oil recovery to increase production moving forward
The United Arab Emirates (UAE) is looking to enhanced oil recovery (EOR) to push its production higher as the chances of finding new reserves decrease. OPEC’s …
Core Laboratories: Free Cash Flow Tops Net Income for Fourth Straight Quarter
CLB Celebrates 20th Year as a Publicly Traded Company
Core Laboratories (ticker: CLB) continues to fend off headwinds from the industry slowdown, funneling income into its shareholder return program. Net income of $35.4 million in Q3’15, derived from revenues …
Noble Energy Announces IPO for Midstream Assets
Noble plans to form an MLP out of its midstream assets in the DJ Basin
Houston-based Noble Energy (ticker: NBL) announced today that its wholly owned subsidiary Noble Midstream Partners has filed with the U.S. Securities and Exchange Commission (SEC) …
Flaring Innovation: An Interview with Brian Cebull, CEO of GTUIT
The Bakken Shale and the state of North Dakota are symbols of the hydraulic fracturing revolution, and innovations on hydrocarbon extraction continue to improve the process with each passing day. The technological advances vary across all lines of production, spanning …
BP Signs $18.5 Billion of Oil and Gas Contracts with China
BP strengthens ties with CNPC for shale exploration and fuel retailing
British oil giant BP (ticker: BP) announced today that the company signed a number of deals with China National Petroleum Corporation (CNPC) during Chinese President Xi Jinping’s state visit …
Exelon Moving Forward with $6.8 Billion Merger
Combined Exelon, Pepco utility will have the largest customer base in the U.S.
Support from District of Columbia Mayor Muriel Bowser for the merger of Exelon (ticker: EXC) and Pepco Holding Inc. (ticker: POM) utilities may push the $6.8 billion …
