Russian leader, Vladimir Putin, has been dipping his toes in to a lot of pools lately. Between his position on possibly allowing Edward Snowden to seek asylum in Russia and his hosting of the second Gas Summit of the Gas Exporting Countries Forum (GECF) in Moscow July 1, 2013 – it’s amazing that he’s keeping the snow separated from the
President Barack Obama’s first climate change speech of his second term focused on three main points: cutting carbon pollution in America, preparing the U.S. for the impacts of climate change, and leading international efforts to combat global climate change. Our key takeaway from the president’s speech was natural gas is cited as a “critical bridge fuel” – and rightfully so.
PetroQuest Energy, Inc. (PQ) announced today that the Company recorded net income available to common stockholders for the quarter ended March 31, 2013 of $2,607,000, or $0.04 per share, compared to first quarter 2012 net loss to common stockholders of $18,608,000, or $0.30 per share. The 2012 period included a non-cash ceiling test impairment of $20,111,000. Discretionary cash flow for
Company Generates a 16 and 21 Percent Increase in EBITDA for the Second Quarter and Six Month Period, Respectively Dawson Geophysical Company (DWSN) today reported results for the quarter-ended March 31, 2013, the Company’s second quarter of fiscal 2013. Second Quarter and Six Month Highlights EBITDA for the quarter-ended March 31, 2013 increased to $20,314,000 compared to $17,520,000 for the same
NATURAL GAS INVENTORY Current: 1,734 Bcf Actual Injection/(Withdrawal): 30 Bcf Economist Average Estimate: 32 Bcf Previous: 1,704 Bcf Click here for the chart with five year averages. NATURAL GAS IN THE MEDIA *Pressure Mounts on US to Export Natural Gas – CNBC As the U.S. produces more of its own energy, pressure is mounting on the federal government to move
FORT WORTH, Texas, March 29, 2013 (GLOBE NEWSWIRE) — Quicksilver Resources Inc. (KWK) announced today that it has executed an agreement to sell an undivided 25% interest in its Barnett Shale oil and gas assets for US$485 million to TG Barnett Resources LP, a wholly-owned U.S. subsidiary of Tokyo Gas Co., Ltd. Quicksilver will remain as operator of the assets.
Emerald Oil, Inc. (ticker: EOX) announces record oil production for the fourth quarter ended December 31, 2012. Emerald plans to file its annual report on Form 10-K with the U.S. Securities and Exchange Commission by Monday, March 18, or earlier. Fourth Quarter 2012 Highlights Emerald has successfully drilled 3 operated Bakken wells to date in McKenzie County, North Dakota, that
Successfully Completed Reworks on Additional Wells in Alaska Miller Energy Resources, Inc. (ticker : MILL) today announced results for the three and nine months ended January 31, 2013. Third Quarter Results Total revenues for the three months ended January 31, 2013 were $8.0 million compared to $8.4 million in the three months ended January 31, 2012. Total production for the three
It was only a few short months ago when our presidential candidates were bantering on the political stage about oil and natural gas production growth in the U.S. After all, from 2009 to 2012, U.S. crude oil production increased 29% to 6.2 MMBOPD and natural gas production increased 11% to 65.5 Bcf/d. But – was the growth because of, or
Hickenlooper for Colorado Despite what you might have heard, I much prefer drinking beer to frack fluid. For the uninitiated, “frack fluid” is the liquid product oil and gas developers use in deep underground drilling operations. It is mostly water, but includes other ingredients and chemicals that are designed to open up oil and gas deposits and be recovered in
Quarterly revenues of $153.6 million compared to $158.1 million in the prior year Reported net income of $19.8 million, or $0.86 per share for the quarter, including an after-tax charge of $0.03 per share for the wind-down of Applied Geomechanics Full year 2012 Ceramic Proppant Volumes set a record of over 1.54 billion pounds Full year 2012 diluted earnings per
November 15, 2012 – Release Date Resolution of all criminal claims with Department of Justice includes $4 billion paid in installments over a period of five years Resolution of all securities claims with Securities and Exchange Commission includes $525 million paid in installments over a period of three years Existing $38.1 billion charge against income to increase by approximately $3.85
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