Tuesday, January 21, 2025

SandRidge Energy, Inc. Updates Shareholders on Operations and Reports Financial Results for Fourth Quarter and Full Year of 2014

Reported Adjusted Earnings of $0.08 per Diluted Share and Adjusted EBITDA of $224 Million for the Fourth Quarter of 2014 2014 Production of 29.0 MMBoe vs 28.7 MMBoe Guidance Midpoint Grew Fourth Quarter 2014 Mid-Continent Production to 76.1 MBoed, up 47% vs Fourth Quarter 2013 and 14% vs Third Quarter of 2014 2015 Capital Plan Set at $700MM, 56% Below

Williams Partners Prices $3 Billion of Senior Notes

Williams Partners L.P. (WPZ) today announced that it has priced a public offering of $1.25 billion of its 3.6 percent senior notes due March 2022 at a price of 99.968 percent of par, $750 million of its 4.0 percent senior notes due September 2025 at a price of 99.675 percent of par, and $1 billion of its 5.1 percent senior

DOE Authorizes Sabine Pass to Export Additional LNG Volumes to FTA Nations

From Sutherland LNG Law: The U.S. Department of Energy (DOE) has authorized Sabine Pass Liquefaction (SPL) to export an additional 203 Bcf/year over 25 years from its LNG export terminal under construction in Cameron Parish, La. to nations with a Free Trade Agreement with the United States (FTA nations).  The additional volumes represent the difference between the initial design capacity

MarkWest Energy Partners Announces Pricing of an Upsized Public Offering of Additional $650 Million

MarkWest Energy Partners, L.P. (MWE) (the “Partnership”) and its subsidiary MarkWest Energy Finance Corporation (“Finance Corp.”) announced today that they have priced an upsized public offering of an additional $650 million of their outstanding 4.875% senior unsecured notes due 2024 (the “Additional Notes”). The Additional Notes will be issued at 101.625% of par plus accrued and unpaid interest from November

PetroQuest Energy Announces Credit Facility Amendment

PetroQuest Energy, Inc. (“PetroQuest” or the “Company”) (PQ) announced today that it has amended its senior secured bank credit facility with JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., Capital One, N.A., Iberiabank, Bank of America, N.A. and The Bank of Nova Scotia.  As a result, certain financial covenants contained in the credit agreement were amended as follows: Removed the

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What is Fueling the Crude Oil Inventory Rally?

Crude oil inventories rose yet again in the Energy Information Administration’s (EIA) report for the week ended February 20, 2015, setting another record high. For those keeping track, the inventory has climbed by more than 60 million barrels since its report on September 25, 2014 (18%), and approximately 48.6 million barrels since the end of 2014 (11%). Why do Inventories

PetroQuest Energy, Integrated Environmental Technologies and Nighthawk Energy Discuss 2015 Strategy in Exclusive Video Interviews with EnerCom’s Oil & Gas 360®

New executive interviews from EnerCom’s The Oil & Services Conference™ 13 are now posted on Oil & Gas 360® How are oil and gas companies working differently in the present commodity market?  How are companies managing their drilling programs and growth profile?  What do the top executives at leading independent oil and gas companies see on the energy horizon for

It’s Earnings Season! Quarterly Releases

Earnings Releases for March 17, 2015 include: InterOil (ticker: IOC) – Click for full release. RSP Permian (ticker: RSPP) – Click for full release. Earnings Releases for March 16, 2015 include: Ensign Energy Services (ticker: ESVIF) – Click for full release. FX Energy (ticker: FXEN) – Click for full release. Midstates Petroleum (ticker: MPO) – Click for full release. VAALCO

Natural Gas Roundup for the Week Ended February 20, 2015

NATURAL GAS INVENTORY (Week Ended 2/20/15) Current: 1,938 Bcf Actual Injection/(Withdrawal): (219) Bcf Economist Average Estimate: (241) Bcf Previous: 2,157 Bcf Click here for the chart with five year averages. Click here for an archive of EnerCom’s Inventory Reports. ANALYST COMMENTARY CIBC World Markets The EIA revealed a much smaller than expected draw of -219 Bcf relative to market expectations

EIA – Coal Production Down Throughout the U.S.

The EIA’s weekly coal report shows production has fallen 14% The Energy Information Administration’s (EIA) weekly coal production report for the week ended February 21, 2015, shows continued declines in coal production in the United States. According to the report, estimated U.S. coal production totaled approximately 16.5 million short tons (mmst), about 14% lower than last week’s estimate and 13.3%

Independent Refiners: Western Refining Reports Q4

Western Refining reports fourth quarter results Western Refining Inc. (ticker: WNR) today reported its fourth quarter 2014 results. The company reported net income of $116.8 million, or $1.19 per diluted share. This represents a 51% increase from the company’s Q4’13 net income of $57.3 million. The company’s full-year 2014 net income reached $559.9 million, or $5.61 per diluted share, a

2015 Nighthawk Energy – Rick McCullough

Download Video File Nighthawk Energy (LON: HAWK) Executive Chairman Rick McCullough discusses his company’s management team, extensive land position, development plans and well economics in the Denver-Julesburg Basin in this exclusive interview with Oil & Gas 360® at EnerCom’s Oil & Services Conference™ 13. Click here for Nighthawk’s operational and financial metrics on OAG360, created by EnerCom Analytics. … Username