Midstream

Range Resources Improving Efficiency; Q1'14 Production Greater than 1 Bcfe/d; Company Believes in Visible Growth of 20% to 25%

Range Resources Improving Efficiency; Q1'14 Production Greater than 1 Bcfe/d; Company Believes in Visible Growth of 20% to 25%

“(The Marcellus) gives us the confidence to say we think we can grow at 20% to 25% for many years with improving capital efficiencies as we go forward into a better gas pricing environment,” said Jeff Ventura, Chief Executive Officer …

April 30, 2014 - 4:59 pm Earnings, Finance, Fracing, Midstream, Oil and Gas 360 Articles
Bam! It’s Earnings Season Again – Q1’14 Estimates

Bam! It’s Earnings Season Again – Q1’14 Estimates

EnerCom, Inc. compiled first quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 181 E&P and OilService companies in our database.

Click here for the full chart of estimates.

The median OilServices company earnings …

Federal Reserve Keeps Credit Ratings, Economy in Limbo as Oil & Gas Pushes Onward

Federal Reserve Keeps Credit Ratings, Economy in Limbo as Oil & Gas Pushes Onward

March Madness may be recognized as the most exhilarating tournament in sports, but spectators simultaneously viewing the stock market with the Federal Reserve news conference on March 19, 2014, were treated to a roller coaster ride of their own. The …

Range Resources Reveals Marketing Arrangements; Forecasting 16% Drop in Transportation Costs by 2016

Range Resources Reveals Marketing Arrangements; Forecasting 16% Drop in Transportation Costs by 2016

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within …

April 11, 2014 - 3:30 pm Midstream, Oil and Gas 360 Articles
Mexico’s Oil Industry Update: Will Privatization Reverse Downward Trends?

Mexico’s Oil Industry Update: Will Privatization Reverse Downward Trends?

Petróleos Mexicanos, or Pemex, is Mexico’s sole producer of crude oil, natural gas and refined products. The company provides Mexico with one-third of government income and was the ninth largest oil producer in the world in 2012. The oil and …

Magellan Petroleum’s CO2 Injection Project in the Williston is Underway; Results Expected by Q4’14

Magellan Petroleum’s CO2 Injection Project in the Williston is Underway; Results Expected by Q4’14

Magellan Petroleum Corporation (ticker: MPET) is an independent oil and gas exploration and production company with assets in the US, Australia, and the UK.  The Company is primarily focused on the development of a CO2-enhanced oil recovery (CO…

Asia-Pacific Loads Up on LNG for Long-Term; Ukraine Crisis Clouds Global Short-Term Situation

Asia-Pacific Loads Up on LNG for Long-Term; Ukraine Crisis Clouds Global Short-Term Situation

The United States energy market has big decisions ahead of it: Do we export oil? How do we safely transport crude oil across our country? Should we build the Keystone pipeline? And perhaps more captivating is what the industry/country should …

Magnum Hunter Resources Reports Revenue Increase of 64%, Projects 2014 Production to Climb 136%

Magnum Hunter Resources Reports Revenue Increase of 64%, Projects 2014 Production to Climb 136%

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

March 21, 2014 - 3:05 pm Canada, Fracing, Midstream, Oil and Gas 360 Articles
Shell Reevaluates American Operations, Positions Itself for Potential LNG Boom

Shell Reevaluates American Operations, Positions Itself for Potential LNG Boom

Royal Dutch Shell plc (ticker: RDS.B) is incorporated in England and Wales and serves as the parent company for Shell, a global group of energy and petrochemical companies. Shell has a global presence in both the upstream and downstream business …

March 20, 2014 - 11:06 am Canada, Finance, Midstream, Offshore, Oil and Gas 360 Articles
Miller Energy Resources Reports Fiscal Q3’14 Results; Oil Production Hits New Highs

Miller Energy Resources Reports Fiscal Q3’14 Results; Oil Production Hits New Highs

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s …

Chevron Lowers Net Production Forecast; Singles out Permian Basin and Australia LNG Projects as Future Growth Drivers

Chevron Lowers Net Production Forecast; Singles out Permian Basin and Australia LNG Projects as Future Growth Drivers

Chevron (ticker: CVX) explores for and produces crude oil and natural gas around the world. In 2013, the company’s worldwide net oil production averaged 2.60 million barrels equivalent per day, with about 25% of the production coming from the United …

March 13, 2014 - 6:12 pm Finance, Midstream, Offshore, Oil and Gas 360 Articles
Range Resources Continues to Set New Company Production Records; 20% to 25% Line-of-Sight Production Growth Remains Intact

Range Resources Continues to Set New Company Production Records; 20% to 25% Line-of-Sight Production Growth Remains Intact

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within …

March 3, 2014 - 6:09 pm Finance, Fracing, Midstream, Oil and Gas 360 Articles
Whiting Petroleum Sets Company Record for Production; Aims to Maintain Double-Digit Production Growth for Foreseeable Future

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

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 …

Permian-Focused Callon Petroleum Updates Reserves, Provides 2014 Guidance

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 …

February 24, 2014 - 4:04 pm Finance, Fracing, Midstream, Oil and Gas 360 Articles

Magnum Hunter CEO on Keystone Pipeline and Share Performance

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 …

February 20, 2014 - 3:56 pm Canada, Midstream, Oil and Gas 360 Articles, Regulatory

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

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 …

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

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

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 …

February 3, 2014 - 3:57 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles
Weather You’re Ready or Not – Winter is Here

Weather You’re Ready or Not – Winter is Here

New Picture (2)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 …

January 31, 2014 - 1:06 pm Midstream, Oil and Gas 360 Articles
Magellan Petroleum Aims to Capitalize on Australia’s Growing Natural Gas Market

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

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 …

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

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

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 …

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

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

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 …

January 16, 2014 - 6:40 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles

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

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 …

January 14, 2014 - 5:17 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles
2013 in Review: Horizontal Drilling & Increased Efficiency Paces Historic Year for the United States

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

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 …

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

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, …

December 30, 2013 - 5:29 pm Midstream, Oil and Gas 360 Articles, OPEC

Range Resources Surpasses Net Production of 1 Bcfe/d, Marcellus Wells Continue to Beat Type Curve

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within …

December 27, 2013 - 2:10 pm Fracing, Midstream, Oil and Gas 360 Articles

Magnum Hunter Resources Updates Appalachia Production, Midstream Business Progressing

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported …

December 23, 2013 - 4:15 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

OPEC Maintains 30 MMBOPD Output Goal for 2014 Despite Global Surplus and Record U.S. Production

Oil ministers from the Organization of the Petroleum Exporting Countries (OPEC) announced the group’s target output for 2014 will remain unchanged at 30 MMBOPD. Ministers of Iraq, Saudi Arabia and Kuwait made the announcement following a meeting between the exporters …

December 23, 2013 - 4:11 pm Midstream, Oil and Gas 360 Articles, OPEC, Politics & Opinions

Cabot Oil & Gas to Sell LNG to Japan; Marcellus Production hits 1.5 Bcf/d

Cabot Oil & Gas Corporation (ticker: COG), headquartered in Houston, Texas, is a leading independent natural gas producer, with its entire resource base located in the continental United States. The company’s predominate growth asset is the Marcellus Shale in Pennsylvania …

December 19, 2013 - 3:59 pm Midstream, Oil and Gas 360 Articles
Penn Virginia Asset Sales Continue; Proceeds from Midstream Sale Help Fund 2014 Growth Initiatives

Penn Virginia Asset Sales Continue; Proceeds from Midstream Sale Help Fund 2014 Growth Initiatives

Penn Virginia Corporation (ticker: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of oil and natural gas in various domestic onshore regions, including Texas, Oklahoma, Mississippi and Pennsylvania – however, the company …

December 17, 2013 - 2:24 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

Miller Energy’s New Wells and North Fork Acquisition Ramps Up Alaska Production

Miller Energy Resources, Inc. (ticker: MILL) is an oil and natural gas exploration, production and drilling company operating in multiple exploration and production basins in North America. Miller’s focus is in Cook Inlet, Alaska and in the heart of Tennessee’s …