Energy News

CAMAC Energy Announces Third Quarter 2014 Results

CAMAC Energy Inc. (“CAMAC Energy” or the “Company”) (NYSE MKT: CAK) announced today financial and operational results for the three months ended September 30, 2014. The Company plans to file its Form 10-Q for the third quarter 2014 with the …

November 10, 2014 - 1:02 pm 360 Company Releases, Earnings, Energy News

Continental’s Hamm Stares Down OPEC In Oil Price Standoff

Story by Loren Steffy of Forbes

Wildcatters may not be the gamblers they once were, but the Oil Patch hasn’t lost all of its swagger. Harold Hamm, who founded Continental Resources in 1967 and turned it into the biggest producer …

November 7, 2014 - 12:32 pm Energy News

Virtus Oil and Gas Receives Updated Resource Evaluation Report from Gustavson Associates and Provides Update on Utah Region

Virtus Oil and Gas Corporation (VOIL) (“Virtus” or the “Company”) today announced that an updated independent assessment of the Company’s prospective resources by Gustavson Associates now indicates a 58.2% increase to the Company’s best estimate of unrisked P50 …

November 7, 2014 - 12:27 pm Energy News

Occidental Petroleum Announces Sale of Interest in BridgeTex Pipeline Generating Proceeds of $1.15 Billion

Occidental Petroleum Corporation (OXY) today announced the entrance into an agreement with Plains All American Pipeline, L.P. (PAA) and Plains GP Holdings, L.P. (PAGP) to sell its 50 percent interest in BridgeTex Pipeline Company, LLC (BridgeTex) to PAA …

November 6, 2014 - 4:10 pm Energy News

Apache Corporation Reports Third-Quarter 2014 Financial and Operational Results

Apache Corporation (NYSE, Nasdaq: APA) today announced that non-cash charges resulted in a third-quarter 2014 net loss of $1.3 billion or $3.50 per diluted common share. Adjusted earnings, which exclude certain items that impact the comparability of results, totaled $528 …

November 6, 2014 - 4:07 pm Earnings, Energy News

PDC Energy Announces 2014 Third Quarter Results and Production Growth of 60% From Continuing Operations

PDC Energy, Inc. (“PDC,” the “Company,” “we” or “us”) (PDCE) today reported its 2014 third quarter financial and operating results.

Highlights of 2014 Third Quarter Compared to 2013 Third Quarter

  • Increased production 57% to 29,400 barrels of oil
November 6, 2014 - 4:00 pm Earnings, Energy News

US Seismic Systems® Inc, an Acorn Energy Company, Receives an Order for its Oilfield Fiber-Optic Sensor System

US Seismic Systems, Inc., an Acorn Energy, Inc. (ACFN) company announced today that it has secured an order of strategic importance for its Optiphone HD™ Ultra-High Sensitivity fiber-optic based sensor system.  Working with one of its partners, a …

November 6, 2014 - 3:57 pm Energy News
Kinder Morgan Judge Refuses to Block $44 Billion Buyout

Kinder Morgan Judge Refuses to Block $44 Billion Buyout

Story by Bloomberg

Investors in a partnership controlled by billionaire Richard Kinder can’t block a $44 billion consolidation of Kinder’s oil-pipeline empire over a voting-rights dispute, a judge said.

Kinder Morgan Energy Partners LP (KMP) unitholders’ rights aren’t being unfairly …

November 5, 2014 - 6:44 pm Energy News, MLPs

Commodity Diversity Drives WPX Energy 3Q Net Income

WPX Energy’s (WPX) unaudited results for the third quarter of 2014 reflect the benefit of continued increases in crude oil production and greater balance in commodity revenue streams, as well as the reclassification of coalbed methane properties in …

November 5, 2014 - 5:57 pm Earnings, Energy News

MarkWest Energy Partners Reports Record Third Quarter 2014 Financial Results, Increased 2014 Distributable Cash Flow Forecast & Provides 2015 Financial Guidance

MarkWest Energy Partners, L.P. (MWE) (“the Partnership”) today reported quarterly cash available for distribution to common unitholders, or distributable cash flow (DCF), of $195.2 million for the three months ended September 30, 2014, and $505.4 million for the …

November 5, 2014 - 5:56 pm Earnings, Energy News

QEP Resources Reports Third Quarter 2014 Financial and Operating Results

QEP Resources, Inc. (QEP) (“QEP” or the “Company”) today reported third quarter 2014 financial and operating results. The Company reported third quarter 2014 net income of $171.1 million, or $0.94 per diluted share, compared with net income of …

November 5, 2014 - 5:47 pm Earnings, Energy News

Antero Resources Reports Third Quarter 2014 Financial Results

Antero Resources Corporation (AR) (“Antero” or the “Company”) today released its third quarter 2014 financial results. The relevant financial statements are included in Antero’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, which has …

November 5, 2014 - 5:45 pm Earnings, Energy News

Continental Resources Reports Third Quarter 2014 Results

Continental Resources, Inc. (CLR) (“Continental” or the “Company”) today announced third quarter 2014 operating and financial results.  Net income for the quarter ended September 30, 2014 was $534 million, or $1.44 per diluted share.  Excluding items typically excluded …

November 5, 2014 - 5:41 pm Earnings, Energy News

Approach Resources Inc. Reports Third Quarter 2014 Results

Approach Resources Inc. (AREX) (“Approach” or the “Company”) today reported results for third quarter 2014. Highlights for third quarter 2014 include:

  • Production was 1,306 MBoe, or 14.2 MBoe/d, a 61% increase over the prior-year quarter
  • Revenues were $68.1
November 5, 2014 - 5:36 pm Earnings, Energy News

SandRidge Energy, Inc. Updates Shareholders on Operations for Third Quarter 2014

SandRidge Energy, Inc. (the “Company”) (SD) today announced operational results for the quarter ended September 30, 2014. Additionally, presentation slides will be available on the Company’s website, www.sandridgeenergy.com, under Investor Relations/Events at 6:00 am CST on November …

November 5, 2014 - 5:34 pm Earnings, Energy News

Callon Petroleum Company Announces Third Quarter 2014 Financial and Operating Results

Callon Petroleum Company (CPE) (“Callon” or the “Company”) today reported results of operations for the three and nine month periods ended September 30, 2014.

The Company highlighted financial and operating results for the third quarter of 2014:

  • Net
November 5, 2014 - 5:33 pm Earnings, 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