Midstream – Page 112 – Oil & Gas 360

Chesapeake Energy Getting Oilier – Asset Sales Expected to Top $4 Billion by Year-End 2014

November 15, 2013

Chesapeake Energy Corporation (ticker: CHK) is the second-largest producer of natural gas and the 11th largest producer of oil and natural gas liquids in the U.S. Headquartered in Oklahoma City, the company’s operations are focused on discovering and developing its large and geographically diverse resource base of unconventional natural gas and oil assets onshore in the U.S. The company also

Unit Corporation Announces Q3’13 Results; Doubles E&P Rig Count to Accelerate Activity

November 7, 2013

Unit Corporation (ticker: UNT) is a diversified energy company engaged through its subsidiaries in the exploration for and production of oil and natural gas, the acquisition of producing oil and natural gas properties, the contract drilling of onshore oil and natural gas wells, and the gathering and processing of natural gas. The company is celebrating its 50th Anniversary in 2013.

Marcellus Production Continues to Grow; Infrastructure Build Out Progressing

November 4, 2013

The Marcellus Shale will produce a record 12.6 Bcf/d in November 2013, according to the Energy Information Administration’s (EIA) Drilling Productivity Report on October 22, 2013. If the Marcellus itself were a country, it would rank eighth in the world in natural gas production – and the growth is expected to continue Companies such as Cabot Oil & Gas (ticker:

Range Resources Sets Company Production Volume Record in Third Quarter Earnings Release

November 1, 2013

Range Resources Corporation (ticker: RRC) is a leading independent oil and natural gas producer with operations focused in Appalachia and the southwest region of the United States. The Company pursues an organic growth strategy targeting high return, low-cost projects within its large inventory of low risk, development drilling opportunities. The Company is headquartered in Fort Worth, Texas. Range Resources announced

Penn Virginia Touts Increased Production Guidance and Oil Growth in Third Quarter Earnings Release

November 1, 2013

Penn Virginia Corporation (ticker: PVA) is an independent oil and gas company engaged primarily in the development, exploration and production of oil and natural gas in various domestic onshore regions, including Texas, Oklahoma, Mississippi and Pennsylvania. PVA announced its third quarter 2013 results on October 30, 2013. Product revenues increased 11% to $121.6 million from $109.7 million in Q2’13. Oil

Bam! It’s Earnings Season Again – Q3’13 Estimates

October 16, 2013

EnerCom, Inc. compiled third quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 182 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilServices company earnings estimate for the quarter ending September 30, 2013, is $0.33 per share compared to actual earnings per share of $0.30

McClendon’s American Energy Enters Utica Shale with $1.7 Billion in Financing

October 9, 2013

American Energy Partners, LP was founded by Aubrey K. McClendon in April 2013. The Oklahoma City-based company aims to capitalize on opportunities available in unconventional resource plays onshore in the United States. McClendon co-founded Chesapeake Energy (ticker: CHK) in 1983 and served as its CEO until April 2013. On October 9, 2013, American Energy – Utica, LLC (AEU), an affiliate

Approach Resources Sells Stake in Oil Pipeline for $108 Million; Records 575% Return on Investment

September 19, 2013

Approach Resources Inc. (ticker: AREX) is an independent oil and gas company with core operations, production and reserves located in the Permian Basin in West Texas. The company targets multiple oil and liquids-rich formations in the Permian Basin, where the company operates approximately 152,000 net acres. Approach announced on September 19, 2013 the definitive agreement to sell its interest in

Unit Corporation Notes From the Road – Building Long-Term Value

August 7, 2013

EnerCom, Inc. traveled with Unit Corporation (ticker: UNT) executives to meet with investors in Dallas to complement similar trips undertaken with the company during 2013 in other energy investment centers, including London. Click here for the latest corporate presentation. Unit Corporation is a $2.2 billion market cap company comprised of an Exploration and Production Segment, a Contract Drilling Segment and

Hess Corporation sells Energy Marketing business for $1.025 billion to Direct Energy

July 31, 2013

Hess Corporation (ticker: HES) is a leading global independent energy company engaged in the global exploration and production of crude oil and natural gas. The company is currently shedding assets in 2013 to become a pure-play E&P company. Hess Corporation announced it is entering into a $1.025 billion, or $2.50 per Hess share, agreement with Direct Energy, a North American

Bam! It’s Earnings Season Again – Q2’13 Estimates

July 19, 2013

EnerCom, Inc. compiled second quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 190 E&P and OilService companies in our database. Click here for the full chart of estimates. The median OilService company earnings estimate for the quarter ending June 30, 2013, is $0.31 per share compared to actual earnings per share of $0.33

Magnum Hunter Resources: Filings Filed; Onward to Growth

July 10, 2013

Magnum Hunter Resources (ticker: MHR) is an oil and natural gas exploration and production company active in three shale resource plays in North America: the Marcellus Shale, Utica Shale and the Williston Basin/Bakken Shale. The company’s growth platform is supported with approximately 350,000 net acres spread across its core operating regions. MHR’s first quarter 10Q filing was much anticipated. Due

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