Thursday, November 28, 2024

Flotek Industries – On a Roll in 2014

Flotek Industries (ticker: FTK) reported revenue of $116.8 million for the quarter ending September 30, 2014, noting that Q3 set a record, showing a revenue increase of almost 19% compared to Q3 of 2013. “This represents the fourth consecutive quarter with revenue exceeding $100 million, a trend we expect to accelerate in the coming quarters,” John Chisholm, Flotek’s Chairman and

Natural Gas Price Forecast: Is the Crude Oil Swoon a Sign of Things to Come?

The drop in crude oil prices is well documented, but will natural gas follow suit with winter approaching? The West Texas Intermediate spot prices closed at a two year low of $80.52 yesterday, down a total of $19.90 in the last three months (22.9% overall). Price cuts from Saudi Arabia have prompted the market to focus solely on supply news

Southwestern Energy Announces Third Quarter 2014 Financial And Operating Results

Southwestern Energy Company (SWN) today announced its financial and operating results for the quarter and nine months ended September 30, 2014. Third quarter highlights include: Record gas and oil production of 196 Bcfe, up 14% compared to year-ago levels, including 47% growth in Marcellus Shale production and our highest production ever in the Fayetteville Shale; Adjusted net income of $178

Continental Resources Completes Four New Springer Oil Wells In Oklahoma’s SCOOP Play

Continental Resources, Inc. (“Continental” or the “Company”) (CLR) today announced continued success in its recently unveiled Springer play in the South Central Oklahoma Oil Province (SCOOP). “Four new wells further confirm the repeatability and growth potential of Continental’s new discovery, the Springer play in SCOOP,” said Harold G. Hamm, Chairman and Chief Executive Officer. “These individual delineation wells in the

Sanchez Energy Announces Record Third Quarter 2014 Production of 3,552 MBOE, an Increase of 91% Over Q2’14

Sanchez Energy Corporation (SN) (“Sanchez Energy” or the “Company”) today provided an update on its third quarter 2014 production and operations. Highlights For Third Quarter 2014 Operations Estimated third quarter 2014 production of approximately 3,552 MBOE (38,613 BOE/D), an increase of 91% over the second quarter 2014 and an increase of 228% compared to the same period a year ago,

Clayton Williams Energy Announces Third Quarter 2014 Financial Results

Clayton Williams Energy, Inc. (the “Company”) (NYSE:CWEI) today reported its financial results for the third quarter 2014. Quarter Highlights Oil and Gas Production of 15,586 BOE/d, up 13% (21% PF for Asset Sales) Adjusted Net Income1 (non-GAAP) of $17.4 million, in line with consensus estimates EBITDA2 (non-GAAP) of $78.1 million, up 14% Lifting Costs Averaged $14.19 per BOE, down 11%

EQT Midstream Partners Reports Q3 2014 Results

EQT Midstream Partners, LP (EQM), an EQT Corporation (EQT) company, today announced third quarter 2014 financial and operating results. Net income for the quarter totaled $56.5 million and adjusted EBITDA was $71.4 million. Distributable cash flow was $61.8 million for the quarter. Adjusted operating income was $62.3 million, or 16% higher than the same quarter last year. The non-GAAP financial

Occidental Petroleum Announces 3rd Quarter and Nine Months 2014 Financial Results

Occidental Petroleum Corporation (OXY) announced core income for the third quarter of 2014 of $1.2 billion ($1.58 per diluted share), compared with $1.6 billion ($1.97 per diluted share) for the third quarter of 2013. Reported income was $1.2 billion ($1.55 per diluted share) for the third quarter of 2014, compared with $1.6 billion ($1.96 per diluted share) for the third

EQT Reports Third Quarter 2014 Earnings

EQT Corporation (NYSE: EQT) today announced third quarter 2014 net income attributable to EQT of $98.6 million, or $0.65 per diluted share (EPS), 12% higher than the third quarter 2013 earnings of $88.3 million, or $0.58 per diluted share. EQT’s reported results were negatively impacted by a $19.4 million increase in net income attributable to noncontrolling interests totaling $33.7 million in

Diamond Offshore Reports Third Quarter 2014 Results

Diamond Offshore Drilling, Inc. (NYSE: DO) today reported third quarter 2014 net income of $53 million, or $0.38 per share, compared to net income of $95 million, or $0.68 per share, in the third quarter of 2013.  Revenues in the third quarter of 2014 were $738 million, compared to revenues of $706 million in the third quarter of 2013. The

Weatherford Reports Third Quarter 2014 Results

Weatherford International plc (WFT) reported net income before charges of $248 million ($0.32 diluted earnings per share on a non-GAAP basis) on revenues of $3.88 billion for the third quarter of 2014. Third Quarter 2014 Highlights Completed the sale of the Russian and Venezuelan land rig operations; Completed the sale of the Pipeline and Specialty Services business; Reduced net debt