Post Tagged with: "Oil"

The Old Guard is Back in Mexico, But Something's New

On Sunday July 1, 2012, Mexicans went to the polls to cast their vote for president. Election authorities predict that Enrique Pena Nieto as the winner. The 45-year old former governor of the state of Tabasco, who is married to …

July 2, 2012 - 4:37 pm Oil and Gas 360 Articles
Oil-focused U.S. Energy Corp. Now Targeting Woodbine Play in Texas; Catalysts in Place for Remainder of 2012 into 2013

Oil-focused U.S. Energy Corp. Now Targeting Woodbine Play in Texas; Catalysts in Place for Remainder of 2012 into 2013

U.S. Energy Corp. (NASDAQ: USEG)  is a natural resource exploration and development company with a primary focus on the exploration and development of its oil and gas assets in the Williston Basin in North Dakota and Montana, Eagle Ford …

June 21, 2012 - 4:52 pm Oil and Gas 360 Articles
Penn Virginia Drills Ahead on Eagle Ford Acreage

Penn Virginia Drills Ahead on Eagle Ford Acreage

Penn Virginia (ticker: PVA) is an exploration and production oil and gas company based in Radnor, PA with district operating offices in Houston, Pittsburgh, and Tulsa. The company has a geographically diverse portfolio of oil, NGL and natural gas assets …

June 8, 2012 - 10:20 pm Analytics, Oil and Gas 360 Articles
Man, I Keep Missing that One! Core Lab: a Valuable Value

Man, I Keep Missing that One! Core Lab: a Valuable Value

How is value measured? Analysts talk and write about a stock because the company creates value. Does “value” mean “cheap?” Buy low, sell high. That formula is not working with Facebook (ticker: FB) at the moment. That’s more like buy …

May 30, 2012 - 7:21 pm Analytics, Oil and Gas 360 Articles
Equal Energy Reports Q1'12 Results; Strategic Review Underway

Equal Energy Reports Q1'12 Results; Strategic Review Underway

Equal Energy Ltd. (TSX, NYSE: EQU) is an exploration and production oil and gas company with producing properties in Alberta and Oklahoma. EQU’s current production stream is comprised of approximately 13% crude oil, 38% NGLs and 49 % natural gas. …

May 18, 2012 - 10:14 pm Oil and Gas 360 Articles

GMX Resources Reports Q1'12 Results; Average Peak Flow of 1,855 BOEPD Recorded on Last Four McKenzie County Wells

GMX Resources is an oil and natural gas exploration and production company currently targeting oil prospects in the Williston Basin Bakken/Three Forks, and the DJ Basin Niobrara. GMXR also operates in the Haynesville/Bossier Formation and the Cotton Valley Sand Formation …

May 9, 2012 - 9:06 pm Oil and Gas 360 Articles

Callon Petroleum Reports Q1'12 Results; Permian Catalysts Stacking Up Through 2012

Callon Petroleum Company (NYSE: CPE), an independent oil and gas exploration & production (E&P) company operating both offshore and onshore in the United States, announced operational and financial results for the Q1’12 period ended March 31, 2012.

CPE reported Q1’12 …

May 9, 2012 - 4:23 pm Oil and Gas 360 Articles

Energy XXI Reports Fiscal Q3'12 Results; Reinstates Dividend Program

Energy XXI (NASDAQ: EXXI) announced fiscal Q3’12 operating and financial results for period ended March 31, 2012. The company reported fiscal Q3’12 net income of $82.5 million, or earnings per share of $1.04, compared to fiscal Q3’11 net income of …

May 7, 2012 - 3:11 pm Offshore, Oil and Gas 360 Articles
Callon Petroleum Company: The Amphibian Strategy for Growing Oil Production and Value

Callon Petroleum Company: The Amphibian Strategy for Growing Oil Production and Value

Callon Petroleum Company (NYSE: CPE) is an independent oil and gas exploration & production (E&P) company operating both offshore and onshore in the United States. The Company generates the majority of its free cash flow from its offshore fields in …

May 3, 2012 - 5:24 pm Analytics, Oil and Gas 360 Articles

Don't Cry for Me Argentina; BPZ Energy Exploring Peru's Oil Fields Attracts World-Class Partner and Terms for Block Z-1

A strategic inflection point was taken today by BPZ Energy (NYSE: BPZ).

Joint Venture with Pacific Rubiales at Block Z-1

On April 27, 2012, BPZ formally announced a much anticipated joint venture with Pacific Rubiales Energy Corp. (TSX: PRE) to …

April 27, 2012 - 4:13 pm Oil and Gas 360 Articles

Sanchez Energy: The Stars Are Bright And Aligning

Sanchez Energy (ticker: SN) issued common shares in its December 2011 initial public offering at $22 per share. The shares opened for trading on December 15, 2011, at $18.42 per share. Since the stock reached a low of $16.96 during …

April 19, 2012 - 8:14 pm Analytics, Oil and Gas 360 Articles
GMX Resources "Walking-the-Talk" – Company Delivers Positive Oil Well Results out of the Bakken/Three Forks Formations

GMX Resources "Walking-the-Talk" – Company Delivers Positive Oil Well Results out of the Bakken/Three Forks Formations

We believe market (stock) sentiment should be evaluated two to three days after an announcement has been made to appropriately measure the response. GMX Resources (NYSE: GMXR) provided an operations update on the company’s Williston Basin and Niobrara operations after …

April 18, 2012 - 9:09 pm Oil and Gas 360 Articles

Getting More with Core Lab

Core Laboratories (NYSE: CLB) describes itself as “a leading provider of proprietary and patented reservoir description, production enhancement and reservoir management services for the global petroleum industry. These services enable the company’s clients to optimize reservoir performance and maximize hydrocarbon …

April 13, 2012 - 8:12 pm Analytics, Oil and Gas 360 Articles, Regulatory

VIDEO: Energy XXI Chairman and CEO John Schiller on Mad Money with Jim Cramer

On April 10, 2012, John Schiller, chairman and chief executive officer at Energy XXI (NASDAQ: EXXI) was interviewed on CNBC’s Mad Money with Jim Cramer.

In an exclusive interview on the show’s Executive Decision segment, John highlights:

  • EXXI’s realized oil
April 11, 2012 - 3:17 pm Offshore, Oil and Gas 360 Articles

Equal Energy and Atlas Resource – Flexing to Drill Mississippian Light Oil Play

Equal Energy Ltd. (TSX, NYSE: EQU) signed an agreement with Atlas Resource Partners, L.P. (NYSE: ARP) to sell 50% of its interest in approximately 14,500 net undeveloped acres prospective for Mississippian light oil for total cash consideration of approximately US$18 …

April 5, 2012 - 10:26 pm Oil and Gas 360 Articles

Sanchez Energy Reports Q4'11 and Year-End 2011 Results; Company's Eagle Ford Largest Acreage Position Among Peer Group

Sanchez Energy Corporation (NYSE: SN) is a fast growing independent oil and gas company focused on the liquids rich Eagle Ford formation in South Texas. Assuming 120-acre spacing, Sanchez has approximately 750 economic drilling locations on its 92,000 net acreage …

March 30, 2012 - 9:49 pm Oil and Gas 360 Articles
ERHC Operating in Sub-Saharan Africa; Republic of Chad Work Program Gaining Momentum

ERHC Operating in Sub-Saharan Africa; Republic of Chad Work Program Gaining Momentum

ERHC Energy Inc. (OTCBB: ERHE) updated shareholders on the company’s continued operations in Sub-Saharan Africa. The company is actively pursuing two offshore zones, the São Tomé and Príncipe Exclusive Economic Zone (EEZ) and the Joint Development Zone (JDZ), and has …

March 27, 2012 - 10:04 pm Oil and Gas 360 Articles
A Breakdown of Whiting USA Trust II Initial Public Offering

A Breakdown of Whiting USA Trust II Initial Public Offering

Whiting Petroleum (NYSE: WLL) announced it priced the initial public offering of 16,000,000 units of beneficial interest in Whiting USA Trust II at $20.00 per trust unit to the public. Whiting has granted the underwriters an option to purchase up …

March 26, 2012 - 4:32 pm Oil and Gas 360 Articles

BPZ Energy Reports 2011 Results; Company Discloses its Advancement on a Potential Joint Venture Agreement for Block Z-1

BPZ Energy (NYSE:BPZ) announced Q4’11 and year-end 2011 financial and operational results for the period ended December 31, 2011.

For the full year 2011, BPZ reported a net loss of $33.8 million, or a loss of $0.29 per share, compared …

March 13, 2012 - 4:17 pm Oil and Gas 360 Articles
GMX Resources Reports Q4'11 and Year-end Results; Drilling Ahead in the Bakken

GMX Resources Reports Q4'11 and Year-end Results; Drilling Ahead in the Bakken

On March 1, 2012, GMX Resources Inc. (NYSE: GMXR) announced its financial and operating results for Q4’11 and the fiscal year-ended December 31, 2011.

GMXR reported a Q4’11 net loss of $79.8 million, or a loss of $1.39 per share, …

March 1, 2012 - 9:15 pm Oil and Gas 360 Articles

Acquire and Exploit Isn't All They Can Do: Energy XXI Updates Gulf of Mexico Shelf Operations; Organic Drilling Efforts Help EXXI Hit Production Goals

During the last six years, Energy XXI (NASDAQ:EXXI) has completed five major acquisitions, making EXXI the third largest producer on the Gulf of Mexico shelf. The company’s historic core strategy is to acquire and exploit producing oil properties; however, more …

February 27, 2012 - 3:25 pm Mergers & Acquisitions, Offshore, Oil and Gas 360 Articles

Equal Energy Presents at EnerCom's The Oil & Services Conference™ 10

Don Klapko, President and Chief Executive Officer and Dell Chapman, Chief Financial Officer of Equal Energy (NYSE, TSX: EQU) presented today at EnerCom’s The Oil & Services Conference™ 10. Equal Energy is an exploration and production oil and gas company …

February 22, 2012 - 10:40 pm Oil and Gas 360 Articles, Oilfield Services

Core Laboratories Presents at EnerCom's The Oil & Services Conference™ 10

David Demshur, Chief Executive Officer, and Richard Bergmark, Chief Financial Officer of Core Laboratories N.V. (NYSE: CLB) presented today at EnerCom’s The Oil & Services Conference™ 10. Core Laboratories is a leading provider of proprietary and patented reservoir description, production …

February 22, 2012 - 2:12 pm International, Oil and Gas 360 Articles, Oilfield Services

Callon Petroleum Presents at EnerCom's The Oil & Services Conference™ 10

Fred Callon, Chairman and Chief Executive Officer of Callon Petroleum (NYSE: CPE) presented today at EnerCom’s The Oil & Services Conference™ 10. Callon Petroleum Company is an independent oil and natural gas company which since 1950 has been focused on …

February 21, 2012 - 5:36 pm Oil and Gas 360 Articles, Oilfield Services
ERHC Energy Reports Fiscal Q1'12 Results; Why You Should Look at Sub-Saharan Africa

ERHC Energy Reports Fiscal Q1'12 Results; Why You Should Look at Sub-Saharan Africa

ERHC Energy Inc. (OTCBB: ERHE) is a publicly traded American company with oil and gas assets in Sub-Saharan Africa. The company reported fiscal Q1’12 results for the quarter ended December 31, 2012 on February 9, 2012.

ERHC had cash and …

February 13, 2012 - 10:12 pm Oil and Gas 360 Articles, OPEC

PetroQuest Grows Proved Reserves to Company Record Levels; New Plays Offer Liquids Potential During 2012

PetroQuest Energy, Inc. (NYSE: PQ) announced its estimated proved reserves and production volumes for the full-year 2011.

During 2011, PQ grew its proved reserves 37% YOY to 265 Bcfe (61% proved developed) and reported its PV-10 is approximately $341.3 million. …

January 31, 2012 - 4:08 pm Oil and Gas 360 Articles
Sanchez Energy Drilling Ahead in the Eagle Ford

Sanchez Energy Drilling Ahead in the Eagle Ford

Sanchez Energy Corp. (NYSE: SN) is a pure-play Eagle Ford exploration and production company with 91,000 net acres in the oil and volatile windows of the Eagle Ford shale play.

SN’s 2011 year-end reserve report prepared by Ryder Scott showed …

January 25, 2012 - 9:56 pm Analytics, Oil and Gas 360 Articles
Sanchez Energy Exits 2011 Producing at 1,350 BOEPD Net; Increased Proved Reserves 118% Year-Over-Year

Sanchez Energy Exits 2011 Producing at 1,350 BOEPD Net; Increased Proved Reserves 118% Year-Over-Year

Sanchez Energy Corp. (NYSE: SN) disclosed its production and operational highlights for fiscal year 2011. SN exited 2011 producing nine wells (seven in the Eagle Ford) at 1,350 BOEPD net (80% oil) with two additional Eagle Ford wells awaiting completion. …

January 17, 2012 - 10:04 pm Oil and Gas 360 Articles

ERHC Energy Diversifies and Expands during 2011; Company Reports Fiscal 2011 Results

ERHC Energy (OTCBB: ERHE) announced its year-end results for fiscal 2011, which ended September 30, 2011. At year-end 2011, ERHC had cash, cash equivalents, and treasury bills totaling approximately $12,144,597, and virtually no debt. During the 2011 fiscal year, ERHC’s …

December 16, 2011 - 10:17 pm Oil and Gas 360 Articles

Callon Petroleum Reports Q3'11; Oil Revenues Increase 75%YOY

Callon Petroleum (NYSE: CPE) reported Q3’11 net income of $8.4 million, or $0.21 per share, compared to Q3’10 net income of $1.6 million, or $0.05 per share. Total Q3’11 revenues were $33.5 million, an increase of 64% from Q3’10. Production …

November 5, 2011 - 3:32 pm Oil and Gas 360 Articles