Even-numbered years in October are usually dominated by three things: Football, Halloween and the endless barrage of political advertisements. Hydraulic fracturing is making an appearance on ballot sheets in a handful of states this fall. And, based on the rising scrutiny of the completion technique, it certainly won’t be the only time fracing will go to a vote. Interestingly, candidates
INTERNATIONAL BUSINESS TIMES – Opec is likely to let the price of oil slide further as it gambles that US shale oil producers will be forced to slow production first. The oil cartel, which includes a number of Persian Gulf states, as well as Nigeria and Venezuela, has remained silent as oil prices have tumbled over recent months. Some analysts
Valero Energy Corporation (VLO) announced today that Bill Klesse, 68, has chosen to step down as Chairman of the Board effective December 30, 2014. Joe Gorder, 57, Chief Executive Officer and President, has been elected by the Board of Directors to the role of Chairman to succeed Klesse effective December 31, 2014. “I would like to thank our employees, Valero’s
SM Energy Company (SM) announces its financial results for the third quarter of 2014 and provides an operations update. In addition, a new presentation concerning the Company’s third quarter earnings and operations update will be posted on the Company’s website at www.sm-energy.com. This presentation will be referenced during the conference call scheduled for 8:00 a.m. Mountain Time (10:00 a.m. Eastern
Newfield Exploration Company (NFX) today reported its unaudited third quarter 2014 financial results and provided an update on its operations. Recent operational highlights are detailed in the Company’s @NFX publication, located on its website. Newfield will host a conference call at 10 a.m. CDT, October 29, 2014. To listen to the call, visit Newfield’s website at http://www.newfield.com. To participate in
Anadarko Petroleum Corporation (NYSE: APC) today announced third-quarter 2014 net income attributable to common stockholders of $1.087 billion, or $2.12 per share (diluted). These results include certain items typically excluded by the investment community in published estimates. In total, these items increased net income by approximately $487 million, or $0.96 per share (diluted), on an after-tax basis.(1) Cash flow from operating
Western Gas Partners, LP (NYSE: WES) (“WES” or the “Partnership”) today announced that it has agreed to acquire Nuevo Midstream, LLC (“Nuevo”), a leading Delaware Basin gas gatherer and processor, for $1.5 billion. The Partnership expects the acquisition will close in the fourth quarter of 2014, subject to regulatory approval and customary closing conditions. “We are excited to acquire the
Falling oil prices have helped sell a lot of Rolaids lately, particularly in places like Houston where U.S. E&Ps are trying to plan their future drilling commitments, based on uncertain commodities prices in 2015. On Monday, some NYMEX options traders said they viewed $80 as a bottom, even on the heels of Goldman’s revised bearish oil forecast it released over the
Noble Energy, Inc. (NYSE:NBL) announced today third quarter 2014 net income of $419 million, or $1.12 per diluted share. Excluding the impact of certain items, which would typically not be considered by analysts in published earnings estimates, third quarter 2014 adjusted income(1) was $110 million, or $0.28 per diluted share. Discretionary cash flow(1) was $811 million and net cash provided
BP today reported its financial results for the third quarter of 2014. Underlying replacement cost profit1 for the quarter was $3.0 billion, compared with $3.7 billion for the same period in 2013. Operating cash flow for the quarter was $9.4 billion, compared with $6.3 billion in 3Q 2013. Total operating cash flow for the first nine months of 2014 was $25.5 billion.
Full Year Revenues up 125% to Record $104 Million, Driving Operating Income up 122% to $43.5 Million and Net Income per Diluted Share up 131% to $0.37; Company to Host Investor Conference Call Today, October 28th, at 12:00 Noon ET PLATTEVILLE, CO — (Marketwired) — 10/28/14 — Synergy Resources Corporation (NYSE MKT: SYRG), a U.S. oil and gas exploration and
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