VAALCO Energy, Inc. (EGY) today reported net income of $3.1 million or $0.05 per diluted share for the third quarter of 2014 compared to net income of $2.4 million or $0.04 per diluted share for the comparable period in 2013. Third quarter 2014 revenues were $24.5 million compared to $37.7 million in the third quarter of 2013, primarily due to
The Energy Information Administration (EIA) released its monthly Drilling Productivity Report today, complete with production projections through year-end 2014. In review, the rig count of the four major oil basins (Bakken, Eagle Ford, Niobrara and Permian) increased by 113 from December 2013 to October 2014. The Permian accounted for a whopping 86 rigs, while the remaining three plays added a
Groups say Bureau of Land Management was wrong to approve project The Southern Utah Wilderness Alliance and the Sierra Club have filed an appeal challenging a Bureau of Land Management (BLM) decision in Utah, last Friday. The two groups say that the BLM was wrong to approve Fidelity Exploration & Production’s pipeline in the first place. “BLM’s decision to consider
Canada is home to a large number of public companies that are developing hydrocarbon resources on both sides of the border. In this series, Oil & Gas 360® takes a closer look at some of the promising operators in Canada’s E&P space. Canada’s Economy Canada’s GDP growth has outperformed the U.S. in four of the past five years, and growth of
2+ TCF of gas to be supplied to China per year for 30 years With economic sanctions taking an ever greater toll on the Russian economy, it appears Russia is increasingly turning its focus towards strengthening its trade ties with China. China is already Russia’s largest trading partner, with bilateral trade flows at $90 billion in 2013, but both countries
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