Midstream – Page 115 – Oil & Gas 360

Unit Corp. Ups E&P Stake with Purchase of Western Oklahoma and Texas Panhandle Properties

July 18, 2012

Unit Corp. (ticker: UNT) announced signing a Purchase and Sale Agreement to purchase 84,000 net acres and production located in the Anadarko Basin from Noble Energy, Inc. (ticker: NBL) for $617.1 million. Unit will use availability under its existing credit facilities and a new $400MM senior subordinated debt offering to complete this all-cash transaction. The western Oklahoma and Texas Panhandle

REPOST: Pipelines Bypassing Hormuz Route Open

July 16, 2012

CNBC – Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets. The quiet opening of the pipelines comes amid heightened diplomatic tensions over Tehran’s nuclear program. Iran’s oil production has fallen to

Unit Corporation Reports Q1'12 Results; All Three Segments Focused on Oil and Liquids Growth

May 3, 2012

Unit Corporation (NYSE: UNT) is a diversified oil and gas company engaged in the exploration and production of oil and natural gas, contract drilling of onshore oil and natural gas wells, and the gathering and processing of natural gas. UNT primary areas of operations are located in the Mid-Continent region, including the Anadarko, Arkoma, Permian, Rocky Mountains and Gulf Coast

Magnum Hunter Resources: A Growth Platform Through Acquisition And Drilling

April 10, 2012

Magnum Hunter Resources (MHR) is engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids, in three unconventional shale resource plays in North America: the Marcellus Shale, Utica Shale, Eagle Ford Shale and Williston Basin/Bakken Shale. In total, the company owns approximately 560,072 net acres, with 170,000 net acres

Magnum Hunter Reports Q4'11 and Year-End Results; Company Expects to Exit 2012 in Excess of 16,000 BOEPD

February 29, 2012

Magnum Hunter Resources (NYSE: MHR) announced operational and financial results for Q4’11 and fiscal year end 2011. MHR reported a Q4’11 net loss of $60.9 million or a loss of $0.46 per share, compared to a net loss of $1.9 million, or a loss of $0.03 per share during Q4’10. Revenues for the quarter totaled $49.1 million, an increase of

Magnum Hunter Presents at EnerCom's The Oil & Services Conference™ 10

February 22, 2012

Gary Evans, CEO of Magnum Hunter Resources Corporation (NYSE: MHR), presented today at EnerCom’s The Oil & Services Conference™ 10. Magnum Hunter Resources Corporation and subsidiaries are a Houston, Texas based independent exploration and production company engaged in the acquisition, development and production of crude, natural gas and natural gas liquids, primarily in the states of West Virginia, Kentucky, Ohio,

Unit Corporation Presents at EnerCom's The Oil & Services Conference™ 10

February 22, 2012

Larry Pinkston, President and CEO, and David Merrill, CFO and Treasurer of Unit Corporation, presented today at EnerCom’s The Oil & Services Conference™ 10. Unit 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

UNT Reports Q4'11 and Year-end Results; All Operating Segments Driving Results; 55% Increase in Oil and Liquids Production Drives Earnings Higher 34% YOY

February 21, 2012

On February 21, 2012 Unit Corporation (NYSE: UNT) announced financial results for Q4 and year-end 2011. For Q4’11, the company reported net income of $51.7 million, or $1.08 per diluted share, as compared to Q4’10 net income of $43.7 million, or $0.92 per diluted share. Revenues for the fourth quarter were $345.6 million, a 37% increase over fourth quarter revenues

Harvest Expects 29% Production Increase in Venezuela during 2011; Receives $9.8 Million in Petrodelta Dividends

January 1, 2011

On January 11, 2011, Harvest Natural Resources (ticker: HNR) issued an operations update on its international operations following the previous announcement made in September 2010 that the company is exploring strategic alternatives. With its $60.0 million credit facility and cash flow from existing operations, the company has ample capital liquidity to pursue its drilling program in Venezuela, Utah and Indonesia,

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