Midstream

LNG Fuel Increases Footprint, Expected to Stake Claim in New York

According to the Associated Press, The Department of Environmental Conservation has drafted regulations that will allow the buildout of LNG truck-fueling stations and other types of LNG storage plants. The agency expects the plans to be finalized by early next …

December 3, 2013 - 1:07 pm Fracing, Midstream, Oil and Gas 360 Articles, Regulatory

Hess Corporation Sells Indonesian Assets for $1.3 Billion as Right-Sizing Project Continues

Hess Corporation (ticker: HES) is a leading global independent energy company engaged in the global exploration and production of crude oil and natural gas.  The company is currently shedding assets in 2013 to become a pure-play E&P company.

On December

Miller Energy Acquires Alaskan Unit; In Discussions to Construct Pipeline

Miller Energy Acquires Alaskan Unit; In Discussions to Construct Pipeline

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 …

Penn Virginia: 2013 Analyst Day Highlights Value Proposition in 2014 and Beyond

Penn Virginia: 2013 Analyst Day Highlights Value Proposition in 2014 and Beyond

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 …

Chesapeake Energy Getting Oilier – Asset Sales Expected to Top $4 Billion by Year-End 2014

Chesapeake Energy Getting Oilier – Asset Sales Expected to Top $4 Billion by Year-End 2014

Chesapeake Energy Corporation (ticker: CHK) is the second-largest producer of natural gas and the 11th largest producer of oil and natural gas liquids in the U.S. Headquartered in Oklahoma City, the company’s operations are focused on discovering and developing its …

November 15, 2013 - 1:43 pm Fracing, Midstream, Oil and Gas 360 Articles

Unit Corporation Announces Q3’13 Results; Doubles E&P Rig Count to Accelerate Activity

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 …

November 7, 2013 - 2:51 pm Midstream, Oil and Gas 360 Articles

Marcellus Production Continues to Grow; Infrastructure Build Out Progressing

The Marcellus Shale will produce a record 12.6 Bcf/d in November 2013, according to the Energy Information Administration’s (EIA) Drilling Productivity Report on October 22, 2013. If the Marcellus itself were a country, it would rank eighth in the world

November 4, 2013 - 3:13 pm Fracing, Midstream, Oil and Gas 360 Articles

Range Resources Sets Company Production Volume Record in Third Quarter Earnings Release

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 …

November 1, 2013 - 4:00 pm Earnings, Fracing, Midstream, Oil and Gas 360 Articles

Penn Virginia Touts Increased Production Guidance and Oil Growth in Third Quarter Earnings Release

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.

PVA announced its third …

November 1, 2013 - 3:51 pm Earnings, Midstream, Oil and Gas 360 Articles
Bam! It’s Earnings Season Again – Q3’13 Estimates

Bam! It’s Earnings Season Again – Q3’13 Estimates

EnerCom, Inc. compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 182 E&P and OilService companies in our database.

Click here for the full chart of estimates.

The median OilServices company earnings …

October 16, 2013 - 12:58 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles

McClendon’s American Energy Enters Utica Shale with $1.7 Billion in Financing

American Energy Partners, LP was founded by Aubrey K. McClendon in April 2013. The Oklahoma City-based company aims to capitalize on opportunities available in unconventional resource plays onshore in the United States. McClendon co-founded Chesapeake Energy (ticker: CHK) in …

Approach Resources Sells Stake in Oil Pipeline for $108 Million; Records 575% Return on Investment

Approach Resources Sells Stake in Oil Pipeline for $108 Million; Records 575% Return on Investment

Approach Resources Inc. (ticker: AREX) is an independent oil and gas company with core operations, production and reserves located in the Permian Basin in West Texas. The company targets multiple oil and liquids-rich formations in the Permian Basin, where the …

September 19, 2013 - 4:15 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

Unit Corporation Notes From the Road – Building Long-Term Value

EnerCom, Inc. traveled with Unit Corporation (ticker: UNT) executives to meet with investors in Dallas to complement similar trips undertaken with the company during 2013 in other energy investment centers, including London.  Click here for the latest corporate presentation.…

Hess Corporation sells Energy Marketing business for $1.025 billion to Direct Energy

Hess Corporation (ticker: HES) is a leading global independent energy company engaged in the global exploration and production of crude oil and natural gas.  The company is currently shedding assets in 2013 to become a pure-play E&P company.

Hess …

July 31, 2013 - 10:04 am Midstream, Oil and Gas 360 Articles
Bam! It’s Earnings Season Again – Q2’13 Estimates

Bam! It’s Earnings Season Again – Q2’13 Estimates

EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 190 E&P and OilService companies in our database. Click here for the full chart of estimates.

The median OilService company earnings …

July 19, 2013 - 4:32 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles

Magnum Hunter Resources: Filings Filed; Onward to Growth

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 …

July 10, 2013 - 5:51 pm Midstream, Oil and Gas 360 Articles
When Will the Keystone Pipeline Become a Necessity?

When Will the Keystone Pipeline Become a Necessity?

In an industry report released July 8, 2013, Raymond James & Associates asked the question: ‘When will the Keystone XL Pipeline become a necessity?’

According to analysts, Marshall Adkins & Cory Garcia, additional pipeline capacity out of Western Canada will …

July 9, 2013 - 10:42 am Canada, Midstream, Oil and Gas 360 Articles, Regulatory

QEP Resources, Inc. Provides Operational Update

QEP Resources, Inc. (ticker: QEP) is a leading independent natural gas and crude oil exploration and production company focused in two major regions: the Northern Region (primarily in the Rockies and the Williston Basin) and the Southern Region (primarily Oklahoma, …

Natural Gas Roundup (Week Ended 4/19/13)

NATURAL GAS INVENTORY

Current: 1,734 Bcf
Actual Injection/(Withdrawal): 30 Bcf
Economist Average Estimate: 32 Bcf
Previous: 1,704 Bcf

Click here for the chart with five year averages.

NATURAL GAS IN THE MEDIA

*Pressure Mounts on US to Export Natural Gas

Bam! It's Earnings Season Again – Q1'13 Estimates

Bam! It's Earnings Season Again – Q1'13 Estimates

EnerCom, Inc. compiled first quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 190 E&P and OilService companies in our database. Click here for the full chart of estimates.

The median OilService company earnings …

April 17, 2013 - 3:43 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles

Crude Oil Cuttings

CRUDE OIL INVENTORY/’000 bbls (Week Ended 3/8/13)

Current: 383,975
Actual Build/(Withdrawal): 2,624
Economist Average Estimate: 2,236
Previous: 381,351

Click here for the chart with five year averages.

CRUDE OIL IN THE MEDIA

*EnerCom’s Monthly Energy Industry Data and Trends Reports

March 13, 2013 - 5:19 pm Canada, International, Midstream, Oil and Gas 360 Articles, OPEC
Chesapeake Energy JVs Miss Lime with Sinopec

Chesapeake Energy JVs Miss Lime with Sinopec

In a short but telling news release, Chesapeake Energy (ticker: CHK) announced Sinopec will purchase a 50% undivided interest in CHK’s 850,000 net acres of the Mississippi Lime play in northern Oklahoma. The price tag: $1.02 billion in cash, or …

February 25, 2013 - 9:34 pm Midstream, Oil and Gas 360 Articles
Unit Corp: Three Parts Make a Whole; Grows Reserves 29% in 2012

Unit Corp: Three Parts Make a Whole; Grows Reserves 29% in 2012

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 …

February 8, 2013 - 8:38 pm Midstream, Oil and Gas 360 Articles
Emerald Oil: Capital to Finance Ongoing Transformation

Emerald Oil: Capital to Finance Ongoing Transformation

Emerald Oil, Inc. (ticker: EOX) is a new Oil & Gas 360® profiled company. For readers not familiar with EOX, this oil weighted producer is an exploration and production company focused primarily on the development of its 51,000 net acre …

February 5, 2013 - 9:22 pm Finance, Midstream, Oil and Gas 360 Articles
Bam! It's Earnings Season Again – Q4'12 Estimates

Bam! It's Earnings Season Again – Q4'12 Estimates

EnerCom, Inc. compiled fourth quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 191 E&P and OilService companies in our database. Click here for the full chart of estimates.

The median OilService company earnings …

January 17, 2013 - 9:23 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles

Turkey Day – Fire Up Your Gas Stoves!

Every Thursday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the natural gas spectrum. The theme for this week: Turkey Day – Fire Up Your Gas Stoves!

NATURAL GAS INVENTORY (Week Ended 11/16/12)

November 21, 2012 - 5:51 pm Midstream, Oil and Gas 360 Articles, Politics & Opinions
Sanchez Energy Corp Poised to Capture Eagle Ford Upside

Sanchez Energy Corp Poised to Capture Eagle Ford Upside

Sanchez Energy Corp (ticker: SN) is a pure-play South Texas oil company with a 95,000 net acre position targeting the liquids-rich Eagle Ford Shale, Pearsall Shale, Austin Chalk, and Buda Limestone. Back in December 2011, SN made its initial public …

October 29, 2012 - 12:59 am Midstream, Oil and Gas 360 Articles
Magnum Hunter Resources Corp Adding to Its Rich Asset Base; Reaffirms 2012 Production Exit Rate

Magnum Hunter Resources Corp Adding to Its Rich Asset Base; Reaffirms 2012 Production Exit Rate

Magnum Hunter Resources Corp (ticker: MHR) announced it will acquire Viking International Resources, a private company with approximately 51,500 net acres primarily in the Marcellus and Utica plays, for $106.7 million.  The deal will be funded with $37.3 million …

October 26, 2012 - 5:07 pm Midstream, Oil and Gas 360 Articles
Bam! It's Earnings Season Again – Q3'12 Estimates

Bam! It's Earnings Season Again – Q3'12 Estimates

EnerCom, Inc. compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 185 E&P and OilService companies in our database. Click here for the full chart of estimates.

OAG360 notes that additional supporting …

October 17, 2012 - 10:55 pm Analytics, Earnings, Midstream, Oil and Gas 360 Articles, OPEC

It’s a Big Gas World!

NATURAL GAS INVENTORY (Week Ended 10/5/12)

Current: 3,725 Bcf
Actual Injection/(Withdrawal): 72 Bcf
Economist Average Estimate: 79 Bcf
Previous: 3,653 Bcf

Click here for the chart with five year averages.

NATURAL GAS IN THE MEDIA

*Houston firm drilling exploratory well