Energy News

American Eagle Energy Announces Operations Update and Reports Results for Third Quarter 2014

American Eagle Energy Corporation(NYSE MKT: AMZG) (“American Eagle” or the “Company”), announces an operational update and discussion of its financial results for the third quarter ended September 30, 2014. The Company intends to file its Quarterly Report on Form …

November 5, 2014 - 5:32 pm Earnings, Energy News

Antero Midstream Partners LP Prices Upsized Initial Public Offering Above the Range

Antero Resources Corporation (AR) (“Antero”) today announced the pricing of the Antero Midstream Partners LP (the “Partnership”) initial public offering of 40,000,000 common units representing limited partner interests in the Partnership at $25.00 per common unit. The Partnership …

November 5, 2014 - 2:04 pm Earnings, Energy News

Abraxas Announces Third Quarter 2014 Results

Abraxas Petroleum Corporation (AXAS) today reported financial and operating results for the three months ended September 30, 2014.

Financial and Operating Results for the Three Months Ended September 30, 2014

The three months ended September 30, 2014 resulted …

November 5, 2014 - 2:00 pm Earnings, Energy News

Chesapeake Energy Corporation Reports Financial and Operational Results for the 2014 Third Quarter

Chesapeake Energy Corporation (CHK) today reported financial and operational results for the 2014 third quarter. Key information is as follows:

  • Company reports adjusted net income of $0.38 per fully diluted share and adjusted ebitda of $1.236 billion
  • Average
November 5, 2014 - 1:58 pm Earnings, Energy News

Sanchez Energy Announces Third Quarter 2014 Financial Results and Updates Operations; Record Third Quarter Revenues Rise 37% on 91% Higher Production Compared to Previous Quarter Results

Sanchez Energy Corporation (SN) (the “Company,” “SN,” “Sanchez Energy,” “we,” “our” or similar terms), today announced the Company’s operating and financial results for the third quarter 2014, which included the following highlights:

HIGHLIGHTS FOR THIRD QUARTER 2014

  • Record
November 4, 2014 - 6:44 pm Earnings, Energy News

U.S. regulators up production estimate, spill impact for Shell Alaska plan

Story by Petro Global News

Regulators have significantly revised their estimates of Shell’s potential production in the Chucki Sea upwards Friday, a change that also increases the size and impact of potential spills.

A study by the U.S. Bureau of …

November 4, 2014 - 6:25 pm Energy News

BHP to Sell Texas Oil Overseas Without Formal U.S. Government Approval

Story by The Wall Street Journal

A major energy company will soon sell U.S. oil abroad without explicit permission from the U.S. government, another sign that the decades-old federal ban on crude exports is crumbling.

BHP Billiton ’s deal to …

November 4, 2014 - 6:22 pm Commodity Pricing, Energy News

EOG Resources Announces Excellent Third Quarter 2014 Results and Raises Crude Oil Production Growth Target for Second Time in 2014

  • Increases 2014 Full-Year Crude Oil and Condensate Production Growth Goal to 31 Percent from 29 Percent
  • Raises 2014 Total Production Growth Target to 16.5 Percent from 14 Percent
  • Reports 29 Percent Increase in U.S. Crude Oil and Condensate Production and
November 4, 2014 - 6:20 pm Earnings, Energy News

Devon Energy Reports Third-Quarter 2014 Results

Devon Energy Corporation (DVN) today reported net earnings of $1.0 billion or $2.48 per common share ($2.47 per diluted share) for the quarter ended Sept. 30, 2014. This compares with third-quarter 2013 net earnings of $429 million or …

November 4, 2014 - 6:18 pm Earnings, Energy News

Pioneer Natural Resources Reports Third Quarter 2014 Financial and Operating Results

Pioneer Natural Resources Company (PXD) (“Pioneer” or “the Company”) today announced financial and operating results for the quarter ended September 30, 2014.

Pioneer reported third quarter net income attributable to common stockholders of $374 million, or $2.58 per …

November 4, 2014 - 6:16 pm Earnings, Energy News

Diamondback Energy, Inc. Announces Third Quarter 2014 Financial and Operating Results

Diamondback Energy, Inc. (FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the third quarter ended September 30, 2014.

HIGHLIGHTS

  • Q3 2014 production was 20.6 Mboe/d, an increase of 16% from Q2 2014 and 178%
November 4, 2014 - 6:15 pm Earnings, Energy News

ONEOK Announces Higher Third-quarter 2014 Results; Updates 2014 Financial Guidance

ONEOK, Inc. (OKE) today announced third-quarter 2014 net income attributable to ONEOK of $64.5 million, or 31 cents per diluted share, which includes a noncash impairment charge of $76.4 million, or 9 cents per diluted share attributable to …

November 4, 2014 - 6:13 pm Earnings, Energy News

Pioneer Natural Resources Pursuing Divestment of Eagle Ford Shale Midstream Business

Pioneer Natural Resources Company (PXD)(“Pioneer” or “the Company”) today announced that the Company is pursuing the divestment of its 50.1% share of the Eagle Ford Shale Midstream business (“EFS Midstream”). Reliance Holding USA, Inc. (“Reliance”) owns the …

November 4, 2014 - 6:09 pm Energy News

After Largest MLP IPO Ever, a New MLP Tries Its Luck

Story by The Wall Street Journal

A week after the largest master limited partnership initial public offering on record, another energy MLP is set to test its luck in the public market, and seems on track to find eager buyers.…

November 4, 2014 - 6:08 pm Energy News

Halliburton CEO Expects Shale to Reverse Oil Price Slump

Story by Bloomberg

Halliburton Co. (HAL) Chief Executive Officer Dave Lesar is joining the chorus of oil executives who say they aren’t worried about falling oil prices, and expect them to climb next year.

“Despite what people are thinking, demand …

November 4, 2014 - 6:06 pm Commodity Pricing, Energy News

Oasis Petroleum Inc. Announces Quarter Ended September 30, 2014 Earnings

Oasis Petroleum Inc. (OAS) (“Oasis” or the “Company”) today announced financial results for the quarter ended September 30, 2014 and provided an operational update.

Highlights include:

  • Increased average daily production to 45,873 barrels of oil equivalent per day
November 4, 2014 - 6:00 pm Earnings, Energy News

Valero Energy Reports Third Quarter 2014 Results

Valero Energy Corporation (NYSE: VLO, “Valero”) today reported net income attributable to Valero stockholders of $1.1 billion, or $2.00 per share, for the third quarter of 2014 compared to $312 million, or $0.57 per share, for the third quarter of …

November 4, 2014 - 10:36 am Earnings, Energy News

GreenHunter Resources Reports Third Quarter 2014 Financial and Operating Results

GreenHunter Resources, Inc. (NYSE MKT: GRH) (NYSE MKT: GRH.PRC), a diversified water resource, waste management, environmental services, and hydrocarbon marketing company specializing in the unconventional oil and natural gas shale resource plays within the Appalachian Basin, announced today financial and …

November 4, 2014 - 10:31 am Energy News

Unit Corporation Reports 2014 Third Quarter Results

Unit Corporation (UNT) today reported its financial and operational results for the third quarter of 2014. Highlights include:

  • Revenue of $401.0 million, an increase of 20% over the third quarter of 2013.
  • Oil and natural gas segment’s total
November 4, 2014 - 10:24 am 360 Company Releases, Earnings, Energy News

Stone Energy Corporation Announces Third Quarter 2014 Results

Stone Energy Corporation (SGY) today announced financial and operational results for the third quarter of 2014. Some of the highlights include:

  • Accelerated production schedule at Cardona/Cardona South development project
  • Executed attractive multi-year rig contract for deep water drilling
November 3, 2014 - 5:55 pm Earnings, Energy News

Rosetta Resources Inc. Announces 2014 Third Quarter Financial and Operational Results and 2015 Plans

  • Increased total daily production to 73.5 MBoe/d, up 44 percent versus 2013 and 20 percent quarter-over-quarter
  • Increased Permian daily production to 8.2 MBoe/d, up 82 percent quarter-over-quarter
  • Successfully completed seven Delaware Basin horizontal wells
  • Announces 2014 fourth quarter capital, volume
November 3, 2014 - 5:44 pm Earnings, Energy News

PetroQuest Energy Announces Third Quarter Results And Updates Operations

PetroQuest Energy, Inc. (PQ) today announced net income available to common stockholders for the quarter ended September 30, 2014 was $4,671,000, or $0.07 per share, compared to third quarter 2013 net income available to common stockholders of $383,000, …

November 3, 2014 - 5:42 pm 360 Company Releases, Earnings, Energy News

Emerald Oil Reports Third Quarter 2014 Financial and Operational Results; Establishes 2015 Production and CAPEX Guidance

Emerald Oil, Inc. (NYSE MKT: EOX) (“Emerald” or the “Company”) today announced financial and operational results for the quarter ended September 30, 2014 and established production and CAPEX guidance for 2015.

Highlights

  • Production of 351,755 BOE during the third quarter
November 3, 2014 - 5:40 pm 360 Company Releases, Earnings, Energy News
Jim Prentice, Alberta Premier

Canada’s Oil Sands Crude will Reach Gulf Coast Without Keystone XL: Jim Prentice

By Bloomberg Nov. 3, 2014

Oil-sands crude will supply Gulf Coast refineries regardless of how President Barack Obama rules on the Keystone XL pipeline, Alberta Premier Jim Prentice said.

Developers of Alberta’s oil sands can use trains to reach the …

Statoil Sees $200 Billion in Sales From Sverdrup Oilfield

BLOOMBERG – Statoil ASA (STL) said the Johan Sverdrup deposit will generate 1.35 trillion kroner ($200 billion) in revenue over 50 years after it starts pumping oil in 2019 as the company released an environmental impact assessment.

The assessment is …

November 3, 2014 - 10:34 am Discoveries & Formations, Energy News

BPZ Energy Announces Gas Discovery at Onshore Block XXIII and Discussions for Gas Sales Pilot Project

BPZ Energy (BPZ) (BPZ), an independent oil and gas exploration and production company, today provided an operations update regarding the 2014 exploration campaign at onshore Block XXIII.

Onshore Block XXIII (100% BPZ; 200,000 acres)

Three onshore shallow exploration wells, ranging …

October 31, 2014 - 3:17 pm Discoveries & Formations, Energy News

Ukraine and Russia Reach Accord on Natural Gas Deliveries

THE NEW YORK TIMES – Russian and Ukrainian officials reached an agreement on Thursday night to resume Russian deliveries of natural gas to prevent shortages over the winter.

The deal caps months of laborious talks under the aegis of European …

October 31, 2014 - 3:14 pm Energy News

Exxon Mobil Corporation Announces Estimated Third Quarter 2014 Results

Third Quarter Nine Months
2014 2013 % 2014 2013 %

Earnings

$ Millions 8,070 7,870 3 25,950 24,230 7
$ Per Common Share
Assuming Dilution 1.89 1.79 6 6.04 5.46 11
Capital and Exploration
Expenditures – $ Millions 9,837 10,546
October 31, 2014 - 12:30 pm Earnings, Energy News

Energen Raises CY14 Production Guidance Midpoint by 500 MBOE

For the 3 months ended September 30, 2014, Energen Corporation (EGN) reported GAAP net income from all operations of $457.3 million, or $6.22 per diluted share. After adjusting for a mark-to-market gain, impairment losses in advance of potential …

October 31, 2014 - 12:26 pm Earnings, Energy News

Chevron Reports Third Quarter Net Income of $5.6 Billion

Chevron Corporation (CVX) today reported earnings of $5.6 billion ($2.95 per share – diluted) for third quarter 2014, compared with $5.0 billion ($2.57 per share – diluted) in the 2013 third quarter. Foreign currency effects increased earnings in …

October 31, 2014 - 12:05 pm Earnings, Energy News