Core Laboratories (ticker: CLB), a global leader in reservoir description, production enhancement and reservoir management services, set a first-quarter record with $72.7 million in free cash flow (defined as cash from operations less capital expenditures) in its Q1’15 earnings release on April 22, 2015. CLB reported revenues of $213.6 million and net income of $31.4 million ($0.72 per share), representing
Atlas Resource Partners Announces Monthly Distribution For March 2015 Atlas Resource Partners, L.P. (ARP) today declared its monthly distribution for the month of March 2015 of $0.1083 per common unit. The March 2015 distribution is payable Friday, May 15, 2015 to holders of record as of Friday, May 8, 2015. ARP’s parent company, Atlas Energy Group, LLC (ATLS), expects to pay a full quarterly
An OAG360® Exclusive: Interview with Alaska Governor Bill Walker Listen to the interview Alaska’s North Slope has produced more than 17 billion barrels of oil since the discovery of the Prudhoe Bay oil field in 1968, when Arco’s Prudhoe Bay State No. 1 exploratory well produced oil at a maximum test rate of 2,415 barrels per day. Prudhoe Bay is
Enseco Energy Services Corp. Announces Results for the Three and Twelve Months Ended December 31, 2014 ENSECO ENERGY SERVICES CORP (TSX VENTURE:ENS) (“Enseco” or the “Company”) (April 21, 2015) announces its financial results for the three and twelve months ended December 31, 2014. Results from Operations Financial Quarter Ended (Unaudited) (thousands, except per share amounts) Dec14 Sep14 Jun14 Mar14 Dec13
Total Energy Services Inc. Announces 2015 First Quarter Conference Call and Webcast Total Energy Services Inc. (“Total”) (TSX:TOT) will conduct a conference call and webcast following the release of its financial results for the three months ended March 31, 2015. The financial results will be released the morning of the conference call. Daniel Halyk, President and CEO, will host the
Oil and Natural Gas Industry Supports Federal Measures to Strengthen Capital Investment and Market Diversification Canada’s oil and natural gas industry supports the federal government’s budget measures to foster growth of the oil and gas industry, which ultimately benefit all Canadians. “Balancing the budget and not raising taxes in these tough economic times when low oil prices are hurting some
Phillips 66 Partners Announces 9 Percent Increase in Quarterly Cash Distribution Phillips 66 Partners LP (PSXP) announces that the board of directors of its general partner declared a first-quarter 2015 cash distribution of $0.37 per limited partnership unit. This quarter’s distribution represents an increase of 9 percent over the previous quarterly distribution of $0.34 per unit and a 35 percent
NuStar Energy L.P. Reports Highest First Quarter EBITDA in Partnership’s History NuStar Energy L.P. (NS) today announced first quarter 2015 distributable cash flow (DCF) from continuing operations available to limited partners was $106.8 million, or $1.37 per unit, compared to 2014 first quarter DCF from continuing operations available to limited partners of $77.9 million, or $1.00 per unit. First quarter
Drilling on Federal Lands could get more expensive The Department of the Interior (DOI) recently announced a notice of proposed rulemaking that would change the price structure used for royalties on federal lands. The Bureau of Land Management (BLM) is soliciting public comments for the next 45 days on the proposed rulemaking. According to the proposal, the BLM is considering
Noble Energy, Inc. (NYSE: NBL) today announced an agreement with the U.S. Environmental Protection Agency (EPA), the U.S. Department of Justice (DOJ) and the State of Colorado to improve emission control systems on a number of oil storage tanks located within the Denver-Julesberg Basin (DJ Basin) that may no longer comply with air regulations. Based on the EPA and Colorado’s
Seven Generations Energy Ltd. (7G or the Company) (TSX: VII) is proposing a private placement (the Offering) of US$400 million senior notes due 2023 (the Notes) and the Company’s first quarter production and capital investment are on track to meet 2015 operating guidance. “This financing, along with funds from operations, cash and our undrawn $480 million credit facility, will go
Antitrust charges brought against Russian energy giant Gazprom The European Commission (EC), the executive branch of the European Union, charged Russian energy giant Gazprom (ticker: OGZPY) with abusing its dominance in natural gas markets in Europe. The EC claims that Gazprom may be using its dominant market position in Europe to impose territorial restrictions, charge unfair pricing to some E.U.
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