Midstream – Page 111 – Oil & Gas 360

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

March 3, 2014

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 Company’s largest projects are in the Bakken and Three Forks plays in North Dakota, Redtail Horizontal Niobrara development in the

Permian-Focused Callon Petroleum Updates Reserves, Provides 2014 Guidance

February 24, 2014

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 of Mexico by shifting to onshore operations in the Permian Basin of West Texas. The company sold off virtually all

Magnum Hunter CEO on Keystone Pipeline and Share Performance

February 20, 2014

Gary Evans, Chairman and CEO of Magnum Hunter Resources appeared on Bloomberg’s Taking Stock to discuss the benefits of the Keystone pipeline, U.S. production growth driven by plays like the Bakken and Marcellus/Utica, as well as the company’s recent share price appreciation. Important disclosures: The information provided herein is believed to be reliable; however, EnerCom, Inc. makes no representation or warranty

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

February 11, 2014

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 million to $8.0 billion. Format: 25-minute presentations will run from 8:00 a.m. to 4:50 p.m. pacific on Tuesday, February 18 and

QEP Resources Aims to Intrigue Shareholders through Divestures, Stock Buyback and Separation from Midstream Companies

February 3, 2014

QEP Resources, Inc. (NYSE:QEP) is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily the Rockies and the Williston Basin) and the Southern Region (primarily Oklahoma, the Texas Panhandle, and Louisiana) of the United States. In a company update on January 30, 2014, QEP Resources announced the continuation

Weather You’re Ready or Not – Winter is Here

January 31, 2014

Record cold temperatures persist across the United States, shutting in schools and cancelling flights. Snow is making unusual appearances among the Gulf Coast and Southeast states, crippling commutes and slowing the economy. Oil and gas producers have also felt the chilling effects from this winter. Companies like Pioneer Natural Resources (ticker: PXD) and Apache Corporation (ticker: APA) admitted the severe

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

January 27, 2014

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 assets in eastern Montana is its primary focus. In Australia, Magellan operates two onshore gas fields in the Amadeus Basin in the Northern

Debate over Crude Export Ban is Gaining Steam – Changes, Are they a’Coming?

January 21, 2014

Decades ago, the Organization of the Petroleum Exporting Countries (OPEC) was THE lifeline to the United States’ thirst for oil. Now, record production, horizontal drilling, advanced seismic and completion technologies, and increased spending rates have the U.S. primed to become the world’s top oil producer. Out of 62 companies for which we have gathered data on capital expenditures and estimates,

Bam! It’s Earnings Season Again – Q4’13 Estimates

January 16, 2014

EnerCom, Inc. compiled fourth quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 187 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilServices company earnings estimate for the quarter ending December 31, 2013, is $0.30 per share compared to actual earnings per share of $0.25

Unit Corporation Announces 2014 Budget, Forecasts Production Growth of up to 18%

January 14, 2014

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 natural gas wells, and the gathering and processing of natural gas. The company celebrated its 50th Anniversary in 2013. Unit

2013 in Review: Horizontal Drilling & Increased Efficiency Paces Historic Year for the United States

December 31, 2013

2013 is winding to a close, and the United States oil and gas industry will cement the year as one of the most productive in history. In October, the Energy Information Association predicted the U.S. will surpass Russia as the world’s top energy producer by year-end. America’s oil boom will continue through 2016, while its abundant supply of natural gas

Egypt Increases Attention on Oil & Gas Sector by Auctioning 22 Concessions

December 30, 2013

On December 30, 2013, Egypt’s state-owned petroleum corporation and natural gas holding company announced an internal auction for 22 concessions intended for oil and gas exploration. The concessions, located in the Suez Canal, Mediterranean Sea, Nile Delta and western desert, all must be in accordance with Egypt’s production sharing agreements. According to the EIA, Egypt is Africa’s second largest dry

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