CARBO Ceramics (ticker: CRR), a production enhancement services provider based in Houston, Texas, is not immune from the recent commodity downswing. Even though United States production is expected to remain flat or even increase through 2015, the declining rig count …
Core Laboratories (ticker: CLB) closed the book on 2014 as its most profitable year in company history in its Q4’14 earnings release on January 28, 2015. Revenue for fiscal 2014 was $1,085 million, up …
Dropping oil prices may have put the brakes on a lot of E&Ps’ capital spending plans for 2015, but that’s not slowing down Jason Vedadi …
The oil and gas industry may be bracing for a downturn in drilling operations, but Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) are entering 2015 on the heels of one …
On January 12, Core Laboratories N.V. (ticker: CLB) announced that it would increase the cash dividend on its common shares to $0.55 per share. The dividend represents a 10% increase and will be payable on February 20, 2015, to shareholders …
Raising capital to fund North American energy …
Barclays’ coverage initiation on the oilservice sector last week could very well be summed up in two words: budget cuts.
The London-based banking company says approximately 90% of the oilservice group is historically correlated to oil prices, and the dropping …
At last week’s 2014 Energy Symposium hosted by Wells Fargo Securities at the Waldorf Astoria, the sentiment expressed by the energy companies was far different from what had been …
Oil & Gas 360® has posted new Q3 profiles and downloadable company analytics tearsheets for 31 E&Ps and Oilservice companies.
Company summaries, stock performance data and news release archives may be found on the Oil & Gas 360® home page …
Dozens, even hundreds of E&Ps and service providers in the oil and gas industry have recently announced intentions to dial back expenditures in 2015. Supermajors like Shell (NYSE: RDSB) and ExxonMobil (NYSE: XOM), on the other hand, both pledged to …
RJ Sees Post OPEC Selloff as “Fleeting”
Raymond James announced today that it was upgrading three oil service companies’ ratings. Basic Energy Services, Inc. (ticker: BAS), Nabors Industries Ltd. (ticker: NBR) and Patterson-UTI Energy, Inc. (ticker: PTEN) all had their …
We all know the emergence of hydraulic fracturing has spurred an energy revolution in North America, but that doesn’t mean there isn’t room for improvement. Operators and service companies alike are constantly evaluating different options and adjusting techniques to fully …
The oilservice provider that keeps on giving.
SunTrust Robinson Humphrey has initiated coverage on Core Laboratories (ticker: CLB), the company said in a research note on November 20, 2014. A total of 18 firms now cover the company, with four …
In November’s “Energy Industry Data and Trends,” EnerCom Consulting’s monthly report to subscribers that was issued Nov. 14, the analysts looked closely at well economics as management and directors of oil and gas companies across the industry prepare for board …
Halliburton (ticker: HAL) and Baker Hughes (ticker: BHI) have begun preliminary talks of a merger, Dow Jones reported on November 13, 2014. BHI confirmed the report later in the evening but did not make any guarantees as to the completion …
Unit Corporation (ticker: UNT) is a diversified energy company with three business segments focused on upstream, midstream and drilling operations. The company celebrated its 50th Anniversary in 2013 and is projecting year-over-year growth of 9% to 10% in 2014, with …
Innovation: small electric generators will use bottled up Marcellus gas for distributed electricity; small scale GTL plant for Houston gets greenlight to turn natural gas and ethane into transportation fuel
Pennsylvania’s IMG Midstream L.L.C. plans to supply the Marcellus shale …
Henry Hub Transfers Ownership
The EnLink Midstream companies, EnLink Midstream Partners, LP (ticker:ENLK) and EnLink Midstream, LLC (ticker:ENLC) completed a $235 million deal agreement with Chevron Pipe Line Company and Chevron Midstream Pipelines LLC (ticker:CVX) for three different natural gas …
Acorn Energy Inc. (ticker: ACFN) is a multi-faceted holding company with four portfolio companies focused on underwater security solutions, power generation and delivery, and fiber optic sensing solutions. US Seismic Systems, Inc. (USSI) is focused on increasing oil and gas …
The EIA has begun tracking heat content of end-use natural gas, providing state-to-state comparisons of natural gas consumption. Gas in states with heavy ethane rejection generates more British Thermal Units (Btus) per cubic foot than states whose gas content is …
Downtime is one of the main efficiency killers in today’s oil and gas business, a business that has utilized faster drilling times and improved …
Dawson Geophysical (ticker: DWSN), a leading provider of U.S. onshore seismic data acquisition services, announced a proposed merger with TGC Industries (ticker: TGE) on October 9, 2014. TGC is also involved in the seismic field and has operations in Canada …
Commodities prices are becoming top-of-mind around the globe. November contract West Texas Intermediate crude closed today at $87.34. Brent closed at $91.74, according to Bloomberg. Earlier in the day Oil & Gas 360® spoke to Jason Wangler, Wunderlich …
Baker Hughes (ticker: BHI), the $26 billion (marketcap) oilservices provider with oil and gas operations in 80 countries, flipped the switch Wednesday on its new policy of disclosing 100% of the chemistry in its hydraulic fracturing fluids. The company said …
On September 22, 2014, Siemens (ticker: SIE), an $84 billion market cap engineering and electronics conglomerate based in Germany, announced the acquisition of Dresser-Rand (ticker: DRC) for $7.6 billion (Euros). Dresser-Rand is one of the world’s largest equipment suppliers in …
“We bought one shale and got another one for free.”
Continental Resources (ticker: CLR), the nation’s eighth-largest E&P based on market capitalization, held its 2014 Analyst Day today in Oklahoma City, its first since 2012.
The Springer Shale is Unveiled …
Duke, Ohio State, Stanford, Dartmouth, Rochester scientists conclude that failed pipe and cement allowed gas to leak
The first peer-reviewed comprehensive studies testing drinking water quality and any links to nearby shale gas production have found that the well completion …
Cushing, Oklahoma’s giant crude oil storage hub will be linked to Colorado’s Niobrara/Codell shale oil production upon construction and completion of a new 550-mile pipeline between Weld County Colorado’s Wattenberg field and NGL Energy Partners’ (ticker: NGL) Cushing terminal.
When …
Company will Operate in Only 2 Basins: DJ and Uinta; Deal Eliminates 57% of BBG’s Net Debt
Bill Barrett Corporation (ticker: BBG), an exploration and production company focused on the Rocky Mountain region, has shifted its asset position in a …
The Brookings Institute released a study last week comparing the effects of immediate lifting of the U.S. crude oil export ban vs. delaying till 2020.
The study data showed a positive uptick for the GDP in all cases, a 0.14 …
