The Federal Reserve (Fed) announced the addition of 169,000 jobs in its August 2013 report, and said the 7.3% unemployment rate is the lowest in five years. More than 300,000 jobs were added since June 2013. Average hourly earnings rose to $24.05, a $0.05 increase, and the average work week ticked up to 34.5 hours from 34.4, implying companies are
Entergy Corporation (NYSE: ETR) announced plans on August 27, 2013, to close and decommission its Vermont Yankee Nuclear Power Station in Vernon, Vermont. The station is expected to cease power production after its current fuel cycle and move to safe shutdown in the fourth quarter of 2014. The station will remain under the oversight of the Nuclear Regulatory Commission throughout
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 estimate for the quarter ending June 30, 2013, is $0.31 per share compared to actual earnings per share of $0.33
Russian leader, Vladimir Putin, has been dipping his toes in to a lot of pools lately. Between his position on possibly allowing Edward Snowden to seek asylum in Russia and his hosting of the second Gas Summit of the Gas Exporting Countries Forum (GECF) in Moscow July 1, 2013 – it’s amazing that he’s keeping the snow separated from the
President Barack Obama’s first climate change speech of his second term focused on three main points: cutting carbon pollution in America, preparing the U.S. for the impacts of climate change, and leading international efforts to combat global climate change. Our key takeaway from the president’s speech was natural gas is cited as a “critical bridge fuel” – and rightfully so.
PetroQuest Energy, Inc. (PQ) announced today that the Company recorded net income available to common stockholders for the quarter ended March 31, 2013 of $2,607,000, or $0.04 per share, compared to first quarter 2012 net loss to common stockholders of $18,608,000, or $0.30 per share. The 2012 period included a non-cash ceiling test impairment of $20,111,000. Discretionary cash flow for
UPS (ticker: UPS) plans to purchase approximately 700 liquefied natural gas (LNG) vehicles and build four refueling stations by the end of 2014. Upon completion, UPS says they will have the most extensive private LNG fleet in the U.S. The four fueling stations require an initial investment of more than $18 million and will be located in Knoxville, Nashville and
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 – CNBC As the U.S. produces more of its own energy, pressure is mounting on the federal government to move
NATURAL GAS INVENTORY (Week Ended 4/5/13) Current: 1,673 Bcf Actual Injection/(Withdrawal): (14) Bcf Economist Average Estimate: (16) Bcf Previous: 1,687 Bcf Click here for the chart with five year averages. NATURAL GAS IN THE MEDIA *Fracking Doesn’t Cause Significant Earthquakes, Study Says – Bloomberg Hydraulic fracturing used to access oil and gas from rock and shale hasn’t caused “significant” earthquakes, according to a
FORT WORTH, Texas, March 29, 2013 (GLOBE NEWSWIRE) — Quicksilver Resources Inc. (KWK) announced today that it has executed an agreement to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG Barnett Resources LP, a wholly-owned U.S. subsidiary of Tokyo Gas Co., Ltd. Quicksilver will remain as operator of the assets.
Over 100 presenting companies with operations spanning 40 countries. More than 2,000 investment professionals in attendance. Big Names. Big Conference. Get in Here! EnerCom has set the dates for The Oil & Gas Conference® 18 (www.theoilandgasconference.com). This Conference will be held in Denver on August 11-15, 2013. EnerCom’s The Oil & Gas Conference® offers an exceptional roster of speakers,
Even though Magnum Hunter Resources Corp (ticker: MHR) was an early entrant into the Utica Shale (2010), the company elected to wait and watch the play’s development during 2011 and 2012. Most companies don’t have the luxury in an emerging basin to wait and watch due to lease expiry concerns. However, the majority of MHR’s acreage prospective for the Utica
