Finance

An OAG360® Exclusive Interview: Goodrich Petroleum and the Tuscaloosa Marine Shale

An OAG360® Exclusive Interview: Goodrich Petroleum and the Tuscaloosa Marine Shale

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).

The TMS, located in Louisiana and Mississippi, is an emerging oil play …

April 22, 2014 - 5:23 pm
Bam! It’s Earnings Season Again – Q1’14 Estimates

Bam! It’s Earnings Season Again – Q1’14 Estimates

EnerCom, Inc. compiled first 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 …

April 16, 2014 - 4:11 pm
Federal Reserve Keeps Credit Ratings, Economy in Limbo as Oil & Gas Pushes Onward

Federal Reserve Keeps Credit Ratings, Economy in Limbo as Oil & Gas Pushes Onward

March Madness may be recognized as the most exhilarating tournament in sports, but spectators simultaneously viewing the stock market with the Federal Reserve news conference on March 19, 2014, were treated to a roller coaster ride of their own. The …

April 15, 2014 - 3:40 pm
Mexico’s Oil Industry Update: Will Privatization Reverse Downward Trends?

Mexico’s Oil Industry Update: Will Privatization Reverse Downward Trends?

Petróleos Mexicanos, or Pemex, is Mexico’s sole producer of crude oil, natural gas and refined products. The company provides Mexico with one-third of government income and was the ninth largest oil producer in the world in 2012. The oil and …

April 10, 2014 - 4:55 pm
Torchlight Energy Prepares for Transformational 2014

Torchlight Energy Prepares for Transformational 2014

Torchlight Energy Resources (ticker: TRCH) is a high growth oil and gas exploration and production (E&P) company with a primary focus on acquisition and development of domestic oil fields. Since going public in 2010, Torchlight has established itself in four …

April 1, 2014 - 4:10 pm
Penn Virginia Eagle Ford Success Continues; Well Results Complemented by Nearby Operators

Penn Virginia Eagle Ford Success Continues; Well Results Complemented by Nearby Operators

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 …

March 31, 2014 - 5:50 pm
Sanchez Energy: Costs Wane while Production Gains

Sanchez Energy: Costs Wane while Production Gains

Sanchez Energy Corporation (ticker: SN) is a growth-oriented independent exploration and production company focused on the exploration, acquisition, and development of oil resources in the onshore U.S. Gulf Coast with a current focus on the liquids-rich Eagle Ford Shale, Austin …

March 26, 2014 - 4:22 pm
Asia-Pacific Loads Up on LNG for Long-Term; Ukraine Crisis Clouds Global Short-Term Situation

Asia-Pacific Loads Up on LNG for Long-Term; Ukraine Crisis Clouds Global Short-Term Situation

The United States energy market has big decisions ahead of it: Do we export oil? How do we safely transport crude oil across our country? Should we build the Keystone pipeline? And perhaps more captivating is what the industry/country should …

March 24, 2014 - 4:24 pm
Shell Reevaluates American Operations, Positions Itself for Potential LNG Boom

Shell Reevaluates American Operations, Positions Itself for Potential LNG Boom

Royal Dutch Shell plc (ticker: RDS.B) is incorporated in England and Wales and serves as the parent company for Shell, a global group of energy and petrochemical companies. Shell has a global presence in both the upstream and downstream business …

March 20, 2014 - 11:06 am
Miller Energy Resources Reports Fiscal Q3’14 Results; Oil Production Hits New Highs

Miller Energy Resources Reports Fiscal Q3’14 Results; Oil Production Hits New Highs

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s …

March 19, 2014 - 11:47 am

Acorn Energy Builds Backlog, Finding Niche in Microseismic Market

Acorn Energy Inc. (ticker: ACFN) is a holding company whose four portfolio companies help their customers achieve greater productivity, reliability, security, and efficiency-factors which can lead to greater profitability. US Seismic supplies fiber optic sensing solutions to increase oil/gas production …

March 19, 2014 - 11:16 am
Williston-Focused Emerald Oil Rapidly Growing Production; Focused on Cost Efficiencies

Williston-Focused Emerald Oil Rapidly Growing Production; Focused on Cost Efficiencies

Emerald Oil (ticker: EOX) is an independent exploration and production operator that is dedicated to acquiring acreage and developing wells in the Williston Basin of North Dakota and Montana, targeting the Bakken and Three Forks shale oil formations. The company …

March 17, 2014 - 4:31 pm
CAMAC Energy Closes Book on 2013, Prepares for Two 7,000 BOEPD Oyo Field Wells in 2014

CAMAC Energy Closes Book on 2013, Prepares for Two 7,000 BOEPD Oyo Field Wells in 2014

CAMAC Energy Inc. (ticker: CAK) is a Houston-based oil and gas company engaged in the exploration of offshore oil and gas leases in deep water Nigeria. The Company was founded in 2005 and has offices in Houston, Texas, Nairobi, Kenya, …

March 14, 2014 - 10:33 am
Chevron Lowers Net Production Forecast; Singles out Permian Basin and Australia LNG Projects as Future Growth Drivers

Chevron Lowers Net Production Forecast; Singles out Permian Basin and Australia LNG Projects as Future Growth Drivers

Chevron (ticker: CVX) explores for and produces crude oil and natural gas around the world. In 2013, the company’s worldwide net oil production averaged 2.60 million barrels equivalent per day, with about 25% of the production coming from the United …

March 13, 2014 - 6:12 pm
Resolute Energy Boosts Production Rates, Focused on Permian Oil in 2014

Resolute Energy Boosts Production Rates, Focused on Permian Oil in 2014

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

March 13, 2014 - 5:15 pm
Anadarko Petroleum Boosts Proved Reserves by 9%, Projects Compound Annual Production Growth of 5% to 7% Through 2020 at Investor Day

Anadarko Petroleum Boosts Proved Reserves by 9%, Projects Compound Annual Production Growth of 5% to 7% Through 2020 at Investor Day

Anadarko Petroleum (ticker: APC) is among the world’s largest independent oil and natural gas exploration and production companies, with 2.79 billion BOE of proved reserves at year-end 2013. The company’s portfolio of assets encompasses premier positions in the Rocky Mountains …

March 12, 2014 - 1:29 pm
Energy XXI Now the Largest Independent Operating on the GOM Shelf with $2.3B Acquisition of EPL Oil & Gas

Energy XXI Now the Largest Independent Operating on the GOM Shelf with $2.3B Acquisition of EPL Oil & Gas

The board of directors of Energy XXI (ticker EXXI) announced on March 12, 2014, the company acquired EPL Oil & Gas (ticker: EPL) for a total consideration of $2.3 billion, consisting of about $1 billion in cash (65% of …

March 12, 2014 - 11:34 am
SandRidge Energy Prepares to Drill 460 Horizontal Wells in Mid-Continent for 2014 Operations; Details from 7th Annual Analyst Day

SandRidge Energy Prepares to Drill 460 Horizontal Wells in Mid-Continent for 2014 Operations; Details from 7th Annual Analyst Day

SandRidge Energy (ticker: SD) is an oil and natural gas company headquartered in Oklahoma City, Oklahoma, with its principal focus on exploration and production in the Mid-Continent, Permian Basin, Gulf of Mexico, West Texas Overthrust and Gulf Coast.

SandRidge reported …

March 5, 2014 - 4:38 pm
Range Resources Continues to Set New Company Production Records; 20% to 25% Line-of-Sight Production Growth Remains Intact

Range Resources Continues to Set New Company Production Records; 20% to 25% Line-of-Sight Production Growth Remains Intact

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 pursues an organic growth strategy targeting high return, low-cost projects within …

March 3, 2014 - 6:09 pm
PetroQuest Energy Nearly Doubles Proved Reserves in 2013; Prepares for Production Boost in 2014

PetroQuest Energy Nearly Doubles Proved Reserves in 2013; Prepares for Production Boost in 2014

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.

PetroQuest Energy announced …

March 3, 2014 - 5:30 pm
Whiting Petroleum Sets Company Record for Production; Aims to Maintain Double-Digit Production Growth for Foreseeable Future

Whiting Petroleum Sets Company Record for Production; Aims to Maintain Double-Digit Production Growth for Foreseeable Future

Whiting Petroleum Corporation (ticker: WLL) is an independent oil and gas company that explores for, develops, acquires and produces crude oil, natural gas and natural gas liquids primarily in Williston Basin and Permian Basin regions of the United States. The …

March 3, 2014 - 5:18 pm

New Executive Interviews from EnerCom’s The Oil & Services Conference™12 Now Posted

EnerCom, Inc. today posted video interviews with executives on Oil & Gas 360®, the company’s one-stop source of oil and gas news, information and analysis from the professionals at EnerCom, Inc.

The interview series conducted at EnerCom’s The Oil & …

March 3, 2014 - 4:52 pm

Intervale Capital on CNBC's Closing Bell

Managing Partner Charles Cherrington appeared on CNBC’s Closing Bell discussing Intervale Capital’s oil service portfolio companies, hydraulic fracturing, and the massive amounts of jobs the industry’s shale boom is creating.

Important disclosures: The information provided herein is believed to be …

March 3, 2014 - 4:51 pm
Unit Corporation Increases Yearly Production by 18%; Prepares to Roll out BOSS Rig

Unit Corporation Increases Yearly Production by 18%; Prepares to Roll out BOSS Rig

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 …

February 26, 2014 - 10:04 am

Permian-Focused Callon Petroleum Updates Reserves, Provides 2014 Guidance

Callon Petroleum (ticker: CPE) is engaged in the acquisition, development, exploration and operation of oil and gas properties in the Permian Basin of West Texas. In 2009, Callon began a strategic initiative to diversify its operations from strictly offshore Gulf …

February 24, 2014 - 4:04 pm
Magellan Petroleum Centralizes Assets, Sells Australian Onshore Plays for $35 Million

Magellan Petroleum Centralizes Assets, Sells Australian Onshore Plays for $35 Million

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome …

February 18, 2014 - 4:32 pm

What to Expect from EnerCom’s The Oil & Services Conference™12

More than 30 publicly traded E&P/OilService companies, and five energy research analysts, will present at EnerCom’s The Oil & Services Conference™ 12 on February 18-19, 2014, in San Francisco. Market capitalizations of the 30 presenting companies range from $30 …

February 11, 2014 - 4:33 pm
Magellan Petroleum Aims to Capitalize on Australia’s Growing Natural Gas Market

Magellan Petroleum Aims to Capitalize on Australia’s Growing Natural Gas Market

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the United States, Australia, and the United Kingdom. The development of a CO2-enhanced oil recovery program at its Poplar Dome …

January 27, 2014 - 2:11 pm

Sanchez Energy on Pace to Double 2013 Production, 90% of 2014 Capital Directed at the Eagle Ford

Sanchez Energy Corporation (ticker: SN) is a Houston, Texas, based, growth oriented, independent exploration and production company focused on the exploration, acquisition, and development of oil resources in the onshore U.S. Gulf Coast with a current focus on the liquids-rich …

January 16, 2014 - 4:42 pm
Aurora Oil & Gas Limited: Achieving the Same Amount of Growth with Less Capital

Aurora Oil & Gas Limited: Achieving the Same Amount of Growth with Less Capital

Aurora Oil & Gas Limited (tickers: AEF and AUT) is a Perth- and Houston-based oil and liquids company with operations in the Eagle Ford Shale trend of South Texas. Aurora has 88,800 gross (22,000 net) acres in the “tri-county” area …

January 8, 2014 - 3:08 pm