Midstream

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 …

Magnum Hunter Allocating Lion’s Share of 2014 Spending to Utica/Marcellus

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 12, 2013 - 5:02 pm Fracing, Midstream, Offshore, Oil and Gas 360 Articles
QEP Acquires Permian Basin Assets for $950MM; Adds 264 Drilling Locations on 26,519 Net Acres

QEP Acquires Permian Basin Assets for $950MM; Adds 264 Drilling Locations on 26,519 Net Acres

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 …

December 10, 2013 - 5:22 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

Barclays Estimates Global E&P Spending to Set Record in 2014; Horizontal Drilling in the Permian Pace North American Growth

Global exploration and production spending is poised to reach $723 billion in 2014, according to a 2014 Global E&P Spending Report by Barclays on December 9, 2013. The record will mark the first time spending has eclipsed the $700 billion …

December 10, 2013 - 5:00 pm Canada, Fracing, International, Midstream, Oil and Gas 360 Articles
Magellan Petroleum’s CO2 Injection Program Highlights Operations in the Williston Basin

Magellan Petroleum’s CO2 Injection Program Highlights Operations in the Williston Basin

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 (CO2

December 10, 2013 - 4:33 pm Mergers & Acquisitions, Midstream, MLPs, Oil and Gas 360 Articles
Unit Corporation’s Reserve Base and Midstream Productivity Highlight 2013 Analyst Day

Unit Corporation’s Reserve Base and Midstream Productivity Highlight 2013 Analyst Day

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 …

December 6, 2013 - 4:54 pm Fracing, Midstream, Oil and Gas 360 Articles

QEP Resources Separates from Midstream Business; Anticipates Boost for Shareholders

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 …

December 3, 2013 - 4:28 pm Mergers & Acquisitions, Midstream, Oil and Gas 360 Articles

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