Wednesday, December 4, 2024

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

It’s a Big Gas World!

NATURAL GAS INVENTORY (Week Ended 10/5/12) Current: 3,725 Bcf Actual Injection/(Withdrawal): 72 Bcf Economist Average Estimate: 79 Bcf Previous: 3,653 Bcf Click here for the chart with five year averages. NATURAL GAS IN THE MEDIA *Houston firm drilling exploratory well in NY shale – Houston Chronicle A Houston company has begun drilling a vertical well to explore the potential of

Demand Forces: Coal to Gas Switching, and LNG Export Plans

Every Thursday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the natural gas spectrum. The theme for this week: Demand Forces: Coal to Gas Switching, and LNG Export Plans. NATURAL GAS INVENTORY (Week Ended 9/21/12) Current: 3,576 Bcf Actual Injection/(Withdrawal): 80 Bcf Economist Average Estimate: 77 Bcf Previous: 3,496 Bcf Click here for

Brent and WTI – Which Way are They Headed?

Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Brent and WTI – Which Way are They Headed? CRUDE OIL INVENTORY/’000 bbls (Week Ended 9/21/12) Current: 365,180 Actual Injection/(Withdrawal): (2,446) Economist Average Estimate: 882 Previous: 367,626 Click here for the chart with five

Look Out Below! Crude Oil Plunges

Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Look Out Below! Crude Oil Plunges. CRUDE OIL INVENTORY/000 bbls (Week Ended 9/14/12) Current: 367,626 Actual Injection/(Withdrawal): 8,534 Economist Average Estimate: 433 Previous: 359,092 Click here for the chart with five year averages. CRUDE

Oil – The Global Commodity

Oil – The Global Commodity Every Wednesday, EnerCom’s Oil & Gas 360® will deliver media stories, company updates, and research commentary covering the crude oil spectrum. The theme for this week: Oil – The Global Commodity. CRUDE OIL INVENTORY/000 BBLs (Week Ended 9/07/12) Current: 359,092 Actual Injection/(Withdrawal): 1,994 Economist Average Estimate: (2,268) Previous: 357,098 Click here for the chart with

QEP Resources Takes a Bigger Bite of Bakken

On August 23, 2012, QEP Resources, Inc. (ticker: QEP) announced it increased its operations in the Williston Basin to approximately 118,000 net acres with the acquisition of 27,600 net acres from multiple sellers in a new core area targeting the Bakken and Three Forks formations. Details of the transaction: Total consideration of approximately $1.38 billion in cash, subject to customary

Unit Corp. Ups E&P Stake with Purchase of Western Oklahoma and Texas Panhandle Properties

Unit Corp. (ticker: UNT) announced signing a Purchase and Sale Agreement to purchase 84,000 net acres and production located in the Anadarko Basin from Noble Energy, Inc. (ticker: NBL) for $617.1 million. Unit will use availability under its existing credit facilities and a new $400MM senior subordinated debt offering to complete this all-cash transaction. The western Oklahoma and Texas Panhandle

REPOST: Pipelines Bypassing Hormuz Route Open

CNBC – Saudi Arabia and the United Arab Emirates have opened new pipelines bypassing the Strait of Hormuz, the shipping lane that Iran has repeatedly threatened to close, in a move that will reduce Tehran’s power over oil markets. The quiet opening of the pipelines comes amid heightened diplomatic tensions over Tehran’s nuclear program. Iran’s oil production has fallen to

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

Magnum Hunter Resources: A Growth Platform Through Acquisition And Drilling

Magnum Hunter Resources (MHR) is engaged in the exploration for and the exploitation, acquisition, development and production of crude oil, natural gas and natural gas liquids, in three unconventional shale resource plays in North America: the Marcellus Shale, Utica Shale, Eagle Ford Shale and Williston Basin/Bakken Shale. In total, the company owns approximately 560,072 net acres, with 170,000 net acres