Crude Oil – Page 852 – Oil & Gas 360

Crude Oil Cuttings (Week Ended 4/12/13)

April 17, 2013

CRUDE OIL INVENTORY/’000 bbls Current: 387,641 Actual Build/(Withdrawal): (1,233) Economist Average Estimate: 1,082 Previous: 388,874 Click here for the chart with five year averages. IN CASE YOU MISSED IT *VIDEO: U.S. Need for Oil Is `Shrinking,’ Petrie Says – Bloomberg Thomas Petrie, chairman of Petrie Partners, talks about U.S. energy independence and the outlook oil prices and refineries. Petrie speaks with Tom Keene and

Oil Prices – Louisiana Light and Brent

March 27, 2013

In March 2013, Louisiana Light crude oil spot price traded at an average premium of $2.63 per Bbl to the Brent crude oil spot price. Brent in February 2013 was -2.5% lower than the same month last year. The median analyst estimate at the beginning of March for 2013 NYMEX oil was $90.50 per barrel with a high of $108.00 per barrel

Bam! It's Earnings Season Again – Q4'12 Estimates

January 17, 2013

EnerCom, Inc. compiled fourth quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 191 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilService company earnings estimate for the quarter ending December 31, 2012, is $0.31 per share compared to actual earnings per share of $0.31

Sanchez Energy Corp Shifting Gears to Development Mode

December 11, 2012

Sanchez Energy Corp. (ticker: SN) is an oil and natural gas exploration and production company focused on its 92,000 net acre position targeting the Eagle Ford Shale in South Texas. SN is exploring and developing three areas of the Eagle Ford trend – Palmetto (50% WI), Maverick (80% to 100% WI) and Marquis (100% WI) – located across Gonzales, Zavala,

Energy XXI: Schiller Says U.S. Stands a Chance for Energy Independence

December 3, 2012

Chairman and CEO John Schiller appeared on Bloomberg Television to discuss his company’s 2010 purchase of $1B worth of ExxonMobil properties, as well as the nation’s chance at becoming energy independent.

Oil Prices Falling Below $90

October 3, 2012

CRUDE OIL INVENTORY/’000 bbls (Week Ended 9/28/12) Current: 364,698 Actual Build/(Withdrawal): (482) Economist Average Estimate: 1,486 Previous: 365,180 Click here for the chart with five year averages. CRUDE OIL IN THE MEDIA *Presidential debate could shed light on energy issues – Politico Wednesday’s presidential debate offers one of the final chances to pin down the candidates on the energy issues

Brent and WTI – Which Way are They Headed?

September 26, 2012

Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Brent and WTI – Which Way are They Headed? CRUDE OIL INVENTORY/’000 bbls (Week Ended 9/21/12) Current: 365,180 Actual Injection/(Withdrawal): (2,446) Economist Average Estimate: 882 Previous: 367,626 Click here for the chart with five

Look Out Below! Crude Oil Plunges

September 19, 2012

Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Look Out Below! Crude Oil Plunges. CRUDE OIL INVENTORY/000 bbls (Week Ended 9/14/12) Current: 367,626 Actual Injection/(Withdrawal): 8,534 Economist Average Estimate: 433 Previous: 359,092 Click here for the chart with five year averages. CRUDE

Oil – The Global Commodity

September 12, 2012

Oil – The Global Commodity Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Oil – The Global Commodity. CRUDE OIL INVENTORY/000 BBLs (Week Ended 9/07/12) Current: 359,092 Actual Injection/(Withdrawal): 1,994 Economist Average Estimate: (2,268) Previous: 357,098 Click here for the chart with

High-Impact Exploration Projects Continue for Harvest Natural Resources

May 2, 2011

Harvest Natural Resources (ticker: HNR) announced that it had commenced drilling the Ruche Marin-A exploration well located in 380 feet of water offshore Gabon, West Africa. The well is highly anticipated because it will test multiple stacked pre-salt targets offshore West Africa. The exploration well will be drilled with the Transocean Sedneth 701 semi-submersible drilling unit to a planned total

Harvest Natural Resources: International Pure-Play Confirming New Exploration Potential

April 11, 2011

Harvest Natural Resources’ (ticker: HNR) exploration projects around the world took one step closer to coming to fruition. The company greatly de-risked its Budong-Budong exploration project in Indonesia, and successfully drilled a horizontal well in an untested Venezuelan field. In Indonesia, Harvest drilled the Lariang LG-1 exploration well (64.4% WI) on the Budong Budong Block PSC to 5,311 feet with

Harvest Reports 17% Increase in Proved Reserves, U.S. 3P Reserves Rise to 86.4 MMBOE from 0.4 MMBOE Last Year and Provides Operations Update

March 3, 2011

On March 2, 2011, Harvest Natural Resources (ticker: HNR) announced an increase in reserves for both its U.S. and Venezuela operations and provided an operations update. HNR’s total proved reserves for 2010 increased 17% to 54.6 million barrels of oil equivalent (MMBOE), and its 2P reserves increased 42% to 118.9 MMBOE. Uintah Basin, Utah Reserves Highlights (Reserves numbers below are

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