Earnings

WPX Energy Operational Recap: Margins Expected to Increase Three-Fold by 2020

WPX Energy Operational Recap: Margins Expected to Increase Three-Fold by 2020

WPX Energy (ticker: WPX), an oil and gas company specializing in exploiting unconventional regions, presented a five-year plan on October 9, 2014. In a conference call addressing the announcement, Rick Muncrief, Chief Executive Officer of WPX, identified three company …

October 10, 2014 - 4:17 pm
MLPs:  Moving Energy from Wellhead to End User

MLPs:  Moving Energy from Wellhead to End User

Midstream infrastructure has emerged as a hot topic in the oil and gas space. A common theme heard at E&P investor conferences and recent earnings calls is new supply is being produced from the shale basins at a faster rate …

September 5, 2014 - 6:46 pm
MLPs are All the Rage in Growing Oil & Gas Industry

MLPs are All the Rage in Growing Oil & Gas Industry

Rice Energy (ticker: RICE) announced the intent to form a master limited partnership (MLP) prior to its Q2’14 earnings release on August 11, 2014. The announcement comes less than seven months after Rice closed its initial public offering in January …

August 11, 2014 - 5:36 pm
Bellatrix Exploration on Track to Maintain 100% Year-over-Year Growth

Bellatrix Exploration on Track to Maintain 100% Year-over-Year Growth

Bellatrix Exploration Ltd. (ticker: BXE) is a Calgary-based E&P operating in the Western Canada Sedimentary Basin. The majority of operations are focused on the Cardium tight oil play in Alberta – an area that has boosted production rates tenfold since …

August 7, 2014 - 7:29 pm
Marcellus Gas Output Tops 15 Bcf/Day in July

Marcellus Gas Output Tops 15 Bcf/Day in July

Experts were predicting half way through 2013 that what was unthinkable just a year before might actually happen in 2013: the Marcellus gas production might reach 10 Bcf/day.

The shale deposit that now accounts for almost 40% of U.S. shale …

August 5, 2014 - 6:19 pm
Completion Techniques, Reservoir Enhancement on the Minds of Bakken Operators

Completion Techniques, Reservoir Enhancement on the Minds of Bakken Operators

The Shale Revolution has transformed the Bakken Shale from an area with production below 200 MBOEPD to the nation’s third largest producing oil field. Its transformation has been a staple of growth in North Dakota – a state growing at

July 31, 2014 - 6:10 pm
CEOs Closely Watching Colorado Ballot Initiatives

CEOs Closely Watching Colorado Ballot Initiatives

During his introductory comments on the Noble Energy (ticker: NBL) Q2 earnings call today, Noble Chairman and CEO Charles Davidson said:

“I wanted to spend a couple of minutes discussing the regulatory environment for oil and gas development in …

July 24, 2014 - 5:47 pm
U.S. Refinery Rates at All-Time High: EIA

U.S. Refinery Rates at All-Time High: EIA

United States refineries have processed as much as 16.8 MMBOPD in each of the past two weeks, according to a report released by the Energy Information Administration (EIA) on July 24, 2014. The historic mark, based on EIA data beginning …

July 24, 2014 - 4:14 pm
Torchlight Energy Forecasts 2014 Exit Rate of 2,000 BOEPD – More than Four Times Current Rates

Torchlight Energy Forecasts 2014 Exit Rate of 2,000 BOEPD – More than Four Times Current Rates

Torchlight Energy (ticker: TRCH) is an oil and gas exploration production company with the bulk of its properties in the Mid-Continent. It holds a minority interest in a large percentage of its wells and strategically farms out its operations to …

July 18, 2014 - 5:10 pm
Bam! It’s Earnings Season Again – Q2’14 Estimates

Bam! It’s Earnings Season Again – Q2’14 Estimates

EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 181 E&P and OilService companies in our database.

Click here for the full chart of estimates.

The median OilServices company earnings …

July 15, 2014 - 4:54 pm
An E&P Powerhouse Takes Command of the Bakken

An E&P Powerhouse Takes Command of the Bakken

Whiting Petroleum (ticker: WLL) has announced the acquisition of Kodiak Oil & Gas (ticker: KOG), making the company the largest producer in the prolific Bakken/Three Forks area in the Williston Basin.

COMBINED COMPANY

  • 107,000 BOEPD (Q1 2014) Production
  • 370
July 14, 2014 - 4:54 pm
Synergy Resources Adds Third Rig to Wattenberg; Production Reached 6,000 BOEPD at end of June

Synergy Resources Adds Third Rig to Wattenberg; Production Reached 6,000 BOEPD at end of June

Synergy Resources Corporation (ticker: SYRG) announced it has finalized a turn-key contract for its third rig and will be adding it to its Wattenberg acreage immediately, according to a company news release on July 9, 2014. The terms of the …

July 9, 2014 - 5:31 pm
Marcellus/Utica Growth Continues for Rice Energy; Adds 22,000 Net Acres from Chesapeake

Marcellus/Utica Growth Continues for Rice Energy; Adds 22,000 Net Acres from Chesapeake

Rice Energy (ticker: RICE) is an independent natural gas and oil company engaged in the acquisition, exploration and development of hydrocarbons in the Appalachian Basin. The company filed its initial public offering in January 2014. Approximately 33% of the company’s …

July 7, 2014 - 5:33 pm
Liberty’s Slickwater Completions in the Bakken Yield 120% to 200% Production Gains, 2X EURs

Liberty’s Slickwater Completions in the Bakken Yield 120% to 200% Production Gains, 2X EURs

Wells Fargo Equity Research hosted a conference call July 2 with management from privately held Liberty Resources to discuss the slickwater completion technique it has used in the Bakken. In its follow-up research note, Wells Fargo’s E&P team summarized the …

July 3, 2014 - 3:37 pm
Booming D-J Has Voters, Politicians, Oil & Gas Companies Bracing for New Regulations

Booming D-J Has Voters, Politicians, Oil & Gas Companies Bracing for New Regulations

Public sentiment about hydraulic fracture stimulation (fracing) and other aspects of oil and gas exploration and production in Colorado has generated a lot of sentiment in recent months. A variety of Colorado municipalities want to institute local rules, ballot initiatives …

June 30, 2014 - 4:36 pm
PetroQuest Energy Sets Another Company Record in Cotton Valley; Agrees on Joint Venture with Midstates Petroleum

PetroQuest Energy Sets Another Company Record in Cotton Valley; Agrees on Joint Venture with Midstates Petroleum

PetroQuest Energy (ticker: PQ) is an independent energy company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in the Arkoma Basin, East Texas, South Louisiana and the shallow Gulf of Mexico. The company has …

June 30, 2014 - 4:23 pm
Synergy Resources VP Jon Kruljac Comments on SYRG’s Downspacing Program in the Wattenberg

Synergy Resources VP Jon Kruljac Comments on SYRG’s Downspacing Program in the Wattenberg

Synergy Resources Corporation (ticker: SYRG) is a domestic oil and natural gas exploration and production company with 392,000 gross (286,000 net) acres under lease. Synergy’s core area of operations and all of its production comes from the Denver-Julesburg Basin, which …

June 26, 2014 - 5:11 pm
ExxonMobil Opens at Lifetime High, Holding onto Gas Opportunities from 2010 XTO Merger

ExxonMobil Opens at Lifetime High, Holding onto Gas Opportunities from 2010 XTO Merger

ExxonMobil (ticker: XOM) is the largest publicly traded international oil and gas company, with an estimated 25.2 billion BOE of reserves in its 2013 year-end report. The company has a market cap of approximately $441 billion and is the …

June 24, 2014 - 5:02 pm
Range Resources Completes Acreage Swap with EQT Corp., Assumes Full Working Interest of Nora Field in Virginia

Range Resources Completes Acreage Swap with EQT Corp., Assumes Full Working Interest of Nora Field in Virginia

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The company has line-of-sight growth of 20% to 25% and was producing more …

June 17, 2014 - 4:15 pm
Interview with Saratoga Resources: Hz GOM Well Tests More than 1,500 BOEPD

Interview with Saratoga Resources: Hz GOM Well Tests More than 1,500 BOEPD

Saratoga Resources (ticker: SARA) is an independent exploration and production company with 52,103 net acres under lease in the Gulf of Mexico (GOM). Approximately 62% of its acreage is on the traditional Louisiana coastline and the remaining 32% is located …

June 4, 2014 - 3:58 pm
Goodrich Petroleum Announces 1,450 BOEPD TMS Well; Considering Joint Venture to Ramp Up Operations

Goodrich Petroleum Announces 1,450 BOEPD TMS Well; Considering Joint Venture to Ramp Up Operations

Goodrich Petroleum (ticker: GDP) is an independent oil and gas exploration and production company with operations in the Eagle Ford Shale, Haynesville Shale and Tuscaloosa Marine Shale (TMS). As of late, Goodrich has been a pioneer of an emerging oil …

June 3, 2014 - 1:37 pm
Sanchez Energy Doubles Eagle Ford Asset Base in $639 Million Transaction

Sanchez Energy Doubles Eagle Ford Asset Base in $639 Million Transaction

Sanchez Energy Corporation (ticker: SN), based in Houston, Texas, announced a landmark acquisition in its Eagle Ford focus area on May 21, 2014. Sanchez will acquire 106,000 contiguous net acres in the Dimmit, LaSalle and Webb Counties of Texas from …

May 22, 2014 - 4:56 pm
Saratoga Resources Changes Field Personnel; Current Production Up 41% Compared to Q1’14

Saratoga Resources Changes Field Personnel; Current Production Up 41% Compared to Q1’14

Saratoga Resources (ticker: SARA) is an independent exploration and production company with 52,103 net acres under lease in the Gulf of Mexico (GOM). Approximately 62% of its acreage is on the traditional Louisiana coastline and the remaining 32% is located …

May 20, 2014 - 5:54 pm
Resolute Energy Monetizing a Portion of Its Legacy Assets to Accelerate Activity in the Permian and Powder River Basin

Resolute Energy Monetizing a Portion of Its Legacy Assets to Accelerate Activity in the Permian and Powder River Basin

Resolute Energy Corp. (ticker: REN) is engaged in the acquisition, development and production of onshore domestic hydrocarbons, principally crude oil. Its producing assets are the Aneth Field in the Paradox Basin of Utah, the Hilight Field in the Powder River …

May 20, 2014 - 1:17 pm
VAALCO Energy: An Introduction to this West Africa Oil Producer

VAALCO Energy: An Introduction to this West Africa Oil Producer

VAALCO Energy, Inc. is a Houston based independent energy company principally engaged in the acquisition, exploration, development and production of crude oil.  VAALCO places high emphasis on international opportunities and holds acreage in Gabon, Angola and Equatorial Guinea in West …

May 19, 2014 - 7:32 pm
American Eagle Energy Increasing Working Interest in the Spyglass, Forecasts Year-Over-Year Production Growth of More Than 60%

American Eagle Energy Increasing Working Interest in the Spyglass, Forecasts Year-Over-Year Production Growth of More Than 60%

American Eagle Energy Corporation (ticker: AMZG) is a Williston Basin focused E&P company engaged in the exploration and production of petroleum and natural gas in North America. American Eagle has developed 35 producing wells (16.3 net) in its Spyglass area …

May 16, 2014 - 4:37 pm

Penn Virginia Accelerating Downspacing Program in the Eagle Ford, Nearing 2,000 Drilling Locations

Penn Virginia Corporation (ticker: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of oil and natural gas in various domestic onshore regions, including Texas, Oklahoma, Mississippi and Pennsylvania – however, the company …

May 15, 2014 - 6:58 pm
Unit Corporation Exploring New SOHOT Play; Contract Drilling and Midstream Segments Post Company Records

Unit Corporation Exploring New SOHOT Play; Contract Drilling and Midstream Segments Post Company Records

Unit Corporation (ticker: UNT) is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and …

May 14, 2014 - 4:05 pm
SandRidge Energy Using Laterals to Support Horizontal Program in the Mid-Continent

SandRidge Energy Using Laterals to Support Horizontal Program in the Mid-Continent

SandRidge Energy (ticker: SD) is the largest independent operator in the Mississippian Lime formation and plans on drilling 460 wells in the Mid-Continent in 2014. The company divested approximately 11.3 MMBOE (33% of production) of assets in 2013 to centralize …

May 14, 2014 - 11:18 am
Magnum Hunter Resources Doubles Revenue on Year-Over-Year Basis, Backed by Increasing Midstream Activity

Magnum Hunter Resources Doubles Revenue on Year-Over-Year Basis, Backed by Increasing Midstream Activity

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

May 13, 2014 - 4:05 pm