Rig count hits five-year low The U.S. rig count continued to slide further even as WTI prices staged a comeback, climbing near $50 per barrel. The total rig count in the U.S. fell 14 rigs this week to 795 total rigs, according to Baker Hughes Industries (ticker: BHI). Rigs are down 69 from the beginning of August, and 814, or
Decision could have wide reaching implications for Colorado oil and gas operations The Colorado Supreme Court announced this week that it will hear cases that will decide the debate on local control on hydraulic fracturing in state. The court agreed to decide whether cities can ban fracing within city-limits, something the oil and gas industry has long challenged, arguing it
Ukraine hopes to return to last winter’s gas deal Ukrainian Prime Minister Arseniy Yatsenyuk said last Friday that Ukraine and Russia should implement a similar deal to the one reached last winter for the coming months, reports the Associated Press. “We are convinced that the only mechanism to ensure a gas transit to the E.U. as well as stable supplies
Gains in oil rigs balance out reduced gas rigs The total number of rigs drilling for oil and gas in the United States remained unchanged in the week ended August 18, 2015, according to information from Baker Hughes (ticker: BHI). The total number of active rigs stayed flat at 884 this week. The number of rigs drilling for oil increased
Bruce Benson has served as the President of the University of Colorado (CU) for the past 7 years, making him the longest-serving CU president in more than half a century. During his time at the helm of one of the nation’s top-tier universities, CU’s research funding has reached record levels, supporting the university’s research strengths in a variety of fields
Eagle Ford fields rank in top ten now, didn’t crack the top 100 in 2009 For the first time since 2009, the Energy Information Administration (EIA) published its report on the top 100 oil and gas fields in the United States. On the oil side, the report shows that the top 100 oil fields in 2013 accounted for 56% of
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 its large inventory of low risk, development drilling opportunities. The Company is headquartered in Fort Worth, Texas. Range Resources announced
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 quarter 2013 results on October 30, 2013. Product revenues increased 11% to $121.6 million from $109.7 million in Q2’13. Oil
CARBO Ceramics Inc. (ticker: CRR) is the world’s largest supplier of ceramic proppant for fracturing oil and gas wells and a supplier of resin-coated sand proppant; the provider of the industry’s most widely used fracture simulation software; and a provider of fracture design and consulting services. The company also provides a broad range of technologies for spill prevention, containment and
Pioneer Natural Resources Company (ticker: PXD) is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. Pioneer is one of the most active drillers in Texas’ Spraberry/Wolfcamp oil field in the Permian Basin and the Eagle Ford Shale play in South Texas. Its natural gas operations focus on the
South Korea, Asia’s fourth-largest economy, is struggling with recurring energy supply shortages. Despite the issue, country officials pledged to drastically scale back nuclear power at the World Energy Congress meeting on October 13, 2013. Nuclear energy accounted for 26.4% of power generation capacity in 2012, and was expected to reach 41% by the year 2035. The revised plans, despite the
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 estimate for the quarter ending September 30, 2013, is $0.33 per share compared to actual earnings per share of $0.30
