November 4, 2014 – Oil & Gas 360

Sanchez Energy Announces Third Quarter 2014 Financial Results and Updates Operations; Record Third Quarter Revenues Rise 37% on 91% Higher Production Compared to Previous Quarter Results

November 4, 2014

Sanchez Energy Corporation (SN) (the “Company,” “SN,” “Sanchez Energy,” “we,” “our” or similar terms), today announced the Company’s operating and financial results for the third quarter 2014, which included the following highlights: HIGHLIGHTS FOR THIRD QUARTER 2014 Record revenues of $207.4 million, an increase of 120% over the same period a year ago Record production of 3,552 MBOE; an average

“Don’t Panic” Over Oil Prices, Says U.S., OPEC

November 4, 2014

How low can oil go? Falling oil prices seemed to level off in mid-October, quelling fears from the market that has seen the S&P 500 index drop 5% in only one week. Just when the oil market was acclimating to the $80 per barrel scene, Saudi Arabia delivered another jab to the United States energy industry. The de facto leader

U.S. regulators up production estimate, spill impact for Shell Alaska plan

November 4, 2014

Story by Petro Global News Regulators have significantly revised their estimates of Shell’s potential production in the Chucki Sea upwards Friday, a change that also increases the size and impact of potential spills. A study by the U.S. Bureau of Ocean Energy Management (BOEM) estimates that Shell could produce 4.3 billion barrels of oil at its Chucki Sea assets off

BHP to Sell Texas Oil Overseas Without Formal U.S. Government Approval

November 4, 2014

Story by The Wall Street Journal A major energy company will soon sell U.S. oil abroad without explicit permission from the U.S. government, another sign that the decades-old federal ban on crude exports is crumbling. BHP Billiton ’s deal to sell about $50 million of ultralight oil from Texas to foreign buyers without formal government approval is likely to be

EOG Resources Announces Excellent Third Quarter 2014 Results and Raises Crude Oil Production Growth Target for Second Time in 2014

November 4, 2014

Increases 2014 Full-Year Crude Oil and Condensate Production Growth Goal to 31 Percent from 29 Percent Raises 2014 Total Production Growth Target to 16.5 Percent from 14 Percent Reports 29 Percent Increase in U.S. Crude Oil and Condensate Production and 17 Percent Growth in Total Company Production Year-Over-Year Confirms Prolific, Highly Over-Pressured Crude Oil Window on Delaware Basin Wolfcamp Acreage

Devon Energy Reports Third-Quarter 2014 Results

November 4, 2014

Devon Energy Corporation (DVN) today reported net earnings of $1.0 billion or $2.48 per common share ($2.47 per diluted share) for the quarter ended Sept. 30, 2014. This compares with third-quarter 2013 net earnings of $429 million or $1.06 per common share ($1.05 per diluted share). Adjusting for items securities analysts typically exclude from their published estimates, the company earned

Pioneer Natural Resources Reports Third Quarter 2014 Financial and Operating Results

November 4, 2014

Pioneer Natural Resources Company (PXD) (“Pioneer” or “the Company”) today announced financial and operating results for the quarter ended September 30, 2014. Pioneer reported third quarter net income attributable to common stockholders of $374 million, or $2.58 per diluted share (see attached schedule for a description of the net income per diluted share calculation). Without the effect of noncash derivative

Diamondback Energy, Inc. Announces Third Quarter 2014 Financial and Operating Results

November 4, 2014

Diamondback Energy, Inc. (FANG) (“Diamondback” or the “Company”) today announced financial and operating results for the third quarter ended September 30, 2014. HIGHLIGHTS Q3 2014 production was 20.6 Mboe/d, an increase of 16% from Q2 2014 and 178% from Q3 2013. Diamondback reports strong Lower Spraberry results: The ST NW 2507LS in Midland County has a 5,257 foot lateral, completed

ONEOK Announces Higher Third-quarter 2014 Results; Updates 2014 Financial Guidance

November 4, 2014

ONEOK, Inc. (OKE) today announced third-quarter 2014 net income attributable to ONEOK of $64.5 million, or 31 cents per diluted share, which includes a noncash impairment charge of $76.4 million, or 9 cents per diluted share attributable to ONEOK, in the gathering and processing segment at ONEOK Partners (OKS). In the third quarter 2013, net income attributable to ONEOK was

Pioneer Natural Resources Pursuing Divestment of Eagle Ford Shale Midstream Business

November 4, 2014

Pioneer Natural Resources Company (PXD)(“Pioneer” or “the Company”) today announced that the Company is pursuing the divestment of its 50.1% share of the Eagle Ford Shale Midstream business (“EFS Midstream”). Reliance Holding USA, Inc. (“Reliance”) owns the remaining 49.9% of the EFS Midstream business and also plans to pursue the divestment of its share in a joint process with Pioneer.

After Largest MLP IPO Ever, a New MLP Tries Its Luck

November 4, 2014

Story by The Wall Street Journal A week after the largest master limited partnership initial public offering on record, another energy MLP is set to test its luck in the public market, and seems on track to find eager buyers. Antero Midstream Partners LP is expected to price its IPO Tuesday night. It hopes to sell 37.5 million shares at

Halliburton CEO Expects Shale to Reverse Oil Price Slump

November 4, 2014

Story by Bloomberg Halliburton Co. (HAL) Chief Executive Officer Dave Lesar is joining the chorus of oil executives who say they aren’t worried about falling oil prices, and expect them to climb next year. “Despite what people are thinking, demand is creeping up, albeit at a lower rate than it has been,” he said. The downward pressure on prices is

Premium Content