Core Labs May Just Be A Diamond In The Rough If Oil Prices Continue To Drop
October 31, 2014
Core Labs May Just Be A Diamond In The Rough If Oil Prices Continue To Drop
EIA Reports on Benefits of U.S. Exports
October 31, 2014
Exports of liquefied natural gas (LNG) are set to begin in 2015, and the number of United States LNG export stations are expected to triple by 2019. The next phase of U.S. energy is almost here, regardless of dissenting opinions from the chief of the International Energy Agency. According to a recent report by the Energy Information Administration (EIA), the
OAG360® Graph of the Week: Which Business Sectors Wrote Checks to Colorado’s Senate Candidates?
October 31, 2014
In Colorado, incumbent Democrat Senator Mark Udall and his Republican challenger, Congressman Cory Gardner, are running a close race for U.S. senator. Oil & Gas 360® created a graph showing how the two candidates’ campaign contributions compared by business sector. Udall’s number one contributing sector was Lawyers & Lobbyists, from which his campaign received $1.7 million. Gardner’s campaign received $180,000 in
BPZ Energy Announces Gas Discovery at Onshore Block XXIII and Discussions for Gas Sales Pilot Project
October 31, 2014
BPZ Energy (BPZ) (BPZ), an independent oil and gas exploration and production company, today provided an operations update regarding the 2014 exploration campaign at onshore Block XXIII. Onshore Block XXIII (100% BPZ; 200,000 acres) Three onshore shallow exploration wells, ranging in depth from 3,500 to 3,800 feet, have been drilled at Block XXIII during 2014. These wells targeted the Caracol,
Ukraine and Russia Reach Accord on Natural Gas Deliveries
October 31, 2014
THE NEW YORK TIMES – Russian and Ukrainian officials reached an agreement on Thursday night to resume Russian deliveries of natural gas to prevent shortages over the winter. The deal caps months of laborious talks under the aegis of European Union authorities on how much, and how soon, Ukraine needed to pay Russia for gas it has already consumed, and
Magnum Hunter Resources: Vulnerable In The Face Of Lower Oil Prices.
October 31, 2014
Magnum Hunter Resources: Vulnerable In The Face Of Lower Oil Prices.
Exxon Mobil Corporation Announces Estimated Third Quarter 2014 Results
October 31, 2014
Third Quarter Nine Months 2014 2013 % 2014 2013 % Earnings $ Millions 8,070 7,870 3 25,950 24,230 7 $ Per Common Share Assuming Dilution 1.89 1.79 6 6.04 5.46 11 Capital and Exploration Expenditures – $ Millions 9,837 10,546 -7 28,073 32,565 -14 EXXONMOBIL CHAIRMAN REX W. TILLERSON COMMENTED: “Earnings in the period rose 3 percent from the third
Energen Raises CY14 Production Guidance Midpoint by 500 MBOE
October 31, 2014
For the 3 months ended September 30, 2014, Energen Corporation (EGN) reported GAAP net income from all operations of $457.3 million, or $6.22 per diluted share. After adjusting for a mark-to-market gain, impairment losses in advance of potential asset sales, dry hole expense, and discontinued operations, Energen’s adjusted income from continuing operations in the 3rd quarter of 2014 totaled $45.2
Chevron Reports Third Quarter Net Income of $5.6 Billion
October 31, 2014
Chevron Corporation (CVX) today reported earnings of $5.6 billion ($2.95 per share – diluted) for third quarter 2014, compared with $5.0 billion ($2.57 per share – diluted) in the 2013 third quarter. Foreign currency effects increased earnings in the 2014 quarter by $366 million, compared with a decrease of $276 million a year earlier. Sales and other operating revenues in
Dominion Announces Third-Quarter 2014 Earnings
October 31, 2014
Dominion (NYSE:D) today announced unaudited reported earnings determined in accordance with Generally Accepted Accounting Principles (GAAP) for the three months ended Sept. 30, 2014, of $529 million ($0.90 per share), compared with earnings of $569 million ($0.98 per share) for the same period in 2013. Operating earnings for the three months ended Sept. 30, 2014, amounted to $545 million ($0.93
Lightstream Announces Third Quarter Results
October 31, 2014
Lightstream Resources Ltd. (the “Company” or “Lightstream”) (LTS.TO) is pleased to announce our third quarter financial and operating results and provide an update on our Swan Hills program. THIRD QUARTER FINANCIAL & OPERATING HIGHLIGHTS In the third quarter, we exceeded our asset divestiture goals with the sale of the remainder of our southeast Saskatchewan conventional business unit for gross proceeds
Lonestar Resources, Ltd Releases Quarterly Report For September 2014
October 31, 2014
Lonestar Resources, Ltd. (ASX:LNR, OTCQX: LNREF) is pleased to provide an update on its financial and operational results for the three months ended September 30, 2014 (3Q14). Third Quarter Highlights Lonestar reported a 56% increase in net oil and gas production to 4,669 BOEPD in 3Q14, vs. 2,997 BOEPD in 3Q13, 81% of which was crude oil and NGL’s. Lonestar’s
