Sunday, January 19, 2025
ETP Simplifies Structure with $20 Billion Sunoco Acquisition

Kinder Morgan Judge Refuses to Block $44 Billion Buyout

Story by Bloomberg Investors in a partnership controlled by billionaire Richard Kinder can’t block a $44 billion consolidation of Kinder’s oil-pipeline empire over a voting-rights dispute, a judge said. Kinder Morgan Energy Partners LP (KMP) unitholders’ rights aren’t being unfairly trampled by Kinder’s push to have a simple majority of investors approve a consolidation of his pipeline holdings, Delaware Chancery

Oil & Gas 360 Earnings Season

The Market Takes a Positive Turn Following Elections

What will a Republican House and Senate do for the Keystone XL pipeline and crude oil exports ? The results of the mid-term elections have placed both houses of Congress under Republican control, and the market seems to be responding positively. The S&P 500 Energy sector gained 1.75% today. Reuters reported that this strong showing was likely due to the

Commodity Diversity Drives WPX Energy 3Q Net Income

WPX Energy’s (WPX) unaudited results for the third quarter of 2014 reflect the benefit of continued increases in crude oil production and greater balance in commodity revenue streams, as well as the reclassification of coalbed methane properties in the Powder River Basin to discontinued operations. Domestic oil production climbed 52 percent higher in third-quarter 2014 vs. third-quarter 2013. WPX’s crude

MarkWest Energy Partners Reports Record Third Quarter 2014 Financial Results, Increased 2014 Distributable Cash Flow Forecast & Provides 2015 Financial Guidance

MarkWest Energy Partners, L.P. (MWE) (“the Partnership”) today reported quarterly cash available for distribution to common unitholders, or distributable cash flow (DCF), of $195.2 million for the three months ended September 30, 2014, and $505.4 million for the nine months ended September 30, 2014. DCF for the three months ended September 30, 2014 represents distribution coverage of 119 percent. The

QEP Resources Reports Third Quarter 2014 Financial and Operating Results

QEP Resources, Inc. (QEP) (“QEP” or the “Company”) today reported third quarter 2014 financial and operating results. The Company reported third quarter 2014 net income of $171.1 million, or $0.94 per diluted share, compared with net income of $37.3 million, or $0.21 per diluted share, in the third quarter 2013. Net income or loss includes non-cash gains and losses associated

Antero Resources Reports Third Quarter 2014 Financial Results

Antero Resources Corporation (AR) (“Antero” or the “Company”) today released its third quarter 2014 financial results. The relevant financial statements are included in Antero’s Quarterly Report on Form 10-Q for the quarter ended September 30, 2014, which has been filed with the Securities and Exchange Commission (“SEC”). Third Quarter 2014 and Other Highlights: Net daily gas equivalent production averaged 1,080 MMcfe/d,

Continental Resources Reports Third Quarter 2014 Results

Continental Resources, Inc. (CLR) (“Continental” or the “Company”) today announced third quarter 2014 operating and financial results.  Net income for the quarter ended September 30, 2014 was $534 million, or $1.44 per diluted share.  Excluding items typically excluded from published analyst estimates, adjusted net income for third quarter 2014 was $301 million, or $0.81 per diluted share. EBITDAX for third

Approach Resources Inc. Reports Third Quarter 2014 Results

Approach Resources Inc. (AREX) (“Approach” or the “Company”) today reported results for third quarter 2014. Highlights for third quarter 2014 include: Production was 1,306 MBoe, or 14.2 MBoe/d, a 61% increase over the prior-year quarter Revenues were $68.1 million, a 54% increase over the prior-year quarter Net income was $22.4 million, or $0.57 per diluted share Adjusted net income was

SandRidge Energy, Inc. Updates Shareholders on Operations for Third Quarter 2014

SandRidge Energy, Inc. (the “Company”) (SD) today announced operational results for the quarter ended September 30, 2014. Additionally, presentation slides will be available on the Company’s website, www.sandridgeenergy.com, under Investor Relations/Events at 6:00 am CST on November 6. “We have had another active and successful quarter of high return growth, with our teams continuing to innovate and create shareholder value,”

Callon Petroleum Company Announces Third Quarter 2014 Financial and Operating Results

Callon Petroleum Company (CPE) (“Callon” or the “Company”) today reported results of operations for the three and nine month periods ended September 30, 2014. The Company highlighted financial and operating results for the third quarter of 2014: Net daily production of 5,641 barrels of oil equivalent per day (“BOE/d”), an increase of 30% over the first quarter of 2014, comprised

American Eagle Energy Announces Operations Update and Reports Results for Third Quarter 2014

American Eagle Energy Corporation(NYSE MKT: AMZG) (“American Eagle” or the “Company”), announces an operational update and discussion of its financial results for the third quarter ended September 30, 2014. The Company intends to file its Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission prior to November 14, 2014. Highlights American Eagle added 8 gross (6.3 net)

Two Natural Gas End User Solutions Move Ahead in Pennsylvania, Texas

Innovation:  small electric generators will use bottled up Marcellus gas for distributed electricity; small scale GTL plant for Houston gets greenlight to turn natural gas and ethane into transportation fuel Pennsylvania’s IMG Midstream L.L.C. plans to supply the Marcellus shale region with at least a dozen 20 megawatt (MW) electrical generation stations to support regional production. The stations are intended