Wednesday, December 4, 2024

CARBO Ceramics Inc Reports Q3’12 Results; Looking Ahead is Always Best

CARBO Ceramics (ticker: CRR) is the world’s largest supplier of ceramic proppant for fracturing oil and gas wells and a supplier of resin-coated sand proppant. The company faces challenges amid lower energy prices, global economic weakness, and an influx of Chinese proppant, all of which crippled demand for CRR’s products over recent quarters.  It is well documented how the E&P

Core Lab Reports Q3’12 Results; Keeping Their Margins While Those Around them Aren’t

Core Laboratories (ticker: CLB) is a leading provider of proprietary and patented Reservoir Description, Production Enhancement, and Reservoir Management services used to optimize petroleum reservoir performance.  CLB has over 70 offices in more than 50 countries and is located in every major oil-producing province in the world. On October 17, 2012, the company reported Q3’12 earnings results two weeks after

Bam! It's Earnings Season Again – Q3'12 Estimates

EnerCom, Inc. compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 185 E&P and OilService companies in our database. Click here for the full chart of estimates. OAG360 notes that additional supporting slides for the following data can be found on the Analytics Page. The median OilService company earnings estimate for the

PetroQuest Energy – Resilient in an Ever-Challenging Industry

PetroQuest (ticker: PQ) put forth its Q2’12 results today. Three month and six month revenues were $33.4MM and $69.5MM, respectively. Discretionary cash flow, a non-GAAP calculation, was $20.1MM for Q2 and $39.7MM for the first six months of 2012. These 2012 figures are less than 2011 due primarily in the change in commodity prices. Production volumes for Q2’12 were 8.4 Bcfe,

A 3-D Look at Dawson Geophysical

Dawson Geophysical Company (ticker: DWSN) is a leading provider of onshore seismic data acquisition and processing services in the lower 48 states as measured by the number of active data acquisition crews. The company was founded in 1952 by Chairman Decker Dawson who has spent more than 71 years in the seismic industry. OAG360 notes that Dawson has made its

Range Resources – THE Lighthouse in the Storm

Range Resources (ticker: RRC) reported Q2’12 and set new operational highs for the company: Quarterly production was 65,456 MMcfe, a 51% increase from Q2’11, adjusting production for the sale of the company’s Barnett Shale assets. While we’re punching in data as companies are reporting Q2 results, we note from EnerCom’s 89-company database of U.S. operators that production growth between Q3’11

Oil & Gas 360 Earnings Season

Bam! It’s Earnings Season Again – Q2’12 Estimates

EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 185 exploration and production (E&P) and OilService companies in our database. The median OilService company earnings estimate for the quarter ending June 30, 2012, is $0.44 per share compared to actual earnings per share of $0.40 and $0.34 for Q1 2012

PDC Energy Reports Q1'12 Results; Re-Upping on Horizontal Niobrara/Codell Locations – Wattenberg Field Acquisition Provides Room to Bloom

PDC Energy (NASDAQ: PETD) is an oil and natural gas exploration and production company with operations focused primarily in the Wattenberg Field of Colorado, including the horizontal Niobrara, the Marcellus Shale development in West Virginia and the Utica Shale in Ohio. Company Snapshot (May 4, 2012): Ticker: PETD Market Capitalization: $741 million Enterprise Value: $1.27 billion 2011 Average Production: 130.1

Unit Corporation Reports Q1'12 Results; All Three Segments Focused on Oil and Liquids Growth

Unit Corporation (NYSE: UNT) is a diversified oil and gas company engaged in the exploration and production of oil and natural gas, contract drilling of onshore oil and natural gas wells, and the gathering and processing of natural gas. UNT primary areas of operations are located in the Mid-Continent region, including the Anadarko, Arkoma, Permian, Rocky Mountains and Gulf Coast

Sanchez Energy Reports Q4'11 and Year-End 2011 Results; Company's Eagle Ford Largest Acreage Position Among Peer Group

Sanchez Energy Corporation (NYSE: SN) is a fast growing independent oil and gas company focused on the liquids rich Eagle Ford formation in South Texas. Assuming 120-acre spacing, Sanchez has approximately 750 economic drilling locations on its 92,000 net acreage position in the Eagle Ford. This is among the larger positions, if not the largest, among similarly-sized companies. The company

Equal Energy Reports Q4'11 and Year-End Results; Grows Production 29% (Q4/Q4)

Equal Energy (NYSE: EQU, TSX: EQU) announced its Q4’11 and year-end 2011 financial and operating results for the period ended December 31, 2011. During Q4’11, EQU reported oil and gas revenues increased 22% to $42.4 million, as compared to $34.7 million during the same period in 2010. During the full-year 2011, the company reported oil and gas revenues increased 14%