Unit Corporation (ticker: UNT) is a unique company in the oil and natural gas industry. The company is a diversified energy company through its subsidiaries Unit Petroleum Co, Unit Drilling Co and Superior Pipeline Co. As such, there are a number of ways to look at how to value UNT. In this write-up, OAG360 will be looking at production and
Chesapeake Energy (CHK) formally announced founder, and current president and chief executive officer Aubrey McClendon will retire effective April 1, 2013. At age 53, McClendon was with the company for 24 years since its inception in 1989 with fellow partner Tom Ward. The Board of Directors said McClendon’s departure is not related to CHK’s ongoing investigation into financing arrangements and
A recommendation to increase the number of any company’s authorized shares of common stock from 950 million shares to three billion shares would make anyone read the fine print. Back in August, ERHC Energy Inc. (ERHE), a publicly traded American company with oil and gas assets in West Africa and East Africa, submitted a plan to significantly intensify its fundraising
Paul Welch, Chief Executive Officer – Chariot Oil & Gas (OIGLF) Paul has extensive oil and gas industry experience having worked for Shell International for 12 years, followed by a further eleven years with independent companies, most recently with Hunt Oil and Pioneer Natural Resources prior to joining Chariot Oil & Gas in October of 2009. Paul is an engineer
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
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
PetroQuest Energy, Inc. (NYSE: PQ) announced its estimated proved reserves and production volumes for the full-year 2011. During 2011, PQ grew its proved reserves 37% YOY to 265 Bcfe (61% proved developed) and reported its PV-10 is approximately $341.3 million. PQ’s 2011 proved reserves are the highest the company has ever reported. The company’s total proved reserves are estimated to
Harvest Natural Resources (ticker: HNR) announced on March 16, 2010 that it had made an oil discovery in its Antelope land position in Utah’s Uintah Basin. Harvest drilled the Bar F exploration well on the northern portion of its Antelope prospect, which is located between two established oil fields, the Monument Butte field to the south and the Altamont Bluebell
