Projecting oil recovery within fiscal year Core Laboratories (ticker: CLB) closed the book on 2014 as its most profitable year in company history in its Q4’14 earnings release on January 28, 2015. Revenue for fiscal 2014 was $1,085 million, up 1% from 2013’s total of $1,074 million. Net income experienced a much higher jump, climbing to $257 million from $242
An Exclusive Interview with CPE’s CEO Fred Callon Callon Petroleum (ticker: CPE) became a pure-play Permian Basin E&P no more than one year ago, but its efficiency in the United States’ greatest oil producing play is apparent. In a news release on February 5, 2015, CPE projects 2015 production to range from 8.0 to 8.4 MBOEPD, an increase of 45%
Story by Reuters Halliburton, Statoil ASA, Hess Corp and other North Dakota energy companies have decided, for now, not to lay off staff in the No. 2 U.S. oil producing state, hoping to be prepared for any prolonged rebound in crude prices. Many oil producers and their contractors are trying to strike a balance between cutting costs and maintaining workforce
LINN Energy, LLC (LINE) (“LINN”) and LinnCo, LLC (LNCO) (“LinnCo” and together with LINN, the “Company”) announced today that the Fort Worth Regional Office of the Securities and Exchange Commission (“SEC”) has formally notified LINN that the SEC has closed its inquiry and does not intend to recommend any enforcement action against the Company. “After a thorough and lengthy process,
– THIRD QUARTER GAAP NET LOSS OF $1.0 MILLION ($0.03 LOSS PER DILUTED SHARE) AND NINE MONTH GAAP NET INCOME OF $69.2 MILLION ($1.94 PER DILUTED SHARE) – THIRD QUARTER AND NINE MONTH ADJUSTED NET INCOME OF $24.7 MILLION ($0.70 PER DILUTED SHARE) AND $102.2 MILLION ($2.87 PER DILUTED SHARE) – THIRD QUARTER RESULTS IMPACTED BY $0.31 PER DILUTED SHARE
NATURAL GAS INVENTORY (Week Ended 1/30/15) Current: 2,428 Bcf Actual Injection/(Withdrawal): (115) Bcf Economist Average Estimate: (120) Bcf Previous: 2,543 Bcf Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY KLR Group Supply/demand trends Over the past four weeks, gas-fired power demand has been trending up ~1.3 Bcfpd y/y, while
‘The Big Three’ have all downgraded Gazprom, but China’s Dagong ratings agency recently issued the company its highest rating Standard & Poor’s rating agency today downgraded Russia’s state-owned oil and gas giant Gazprom (ticker: OGZPY) and a number of other major Russian companies, joining Moody’s and Fitch in a series of credit downgrades directed at the Russian oil and gas
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