H&P’s U.S. land market share increased from 15% to 20% from September 30, 2016 to September 30, 2017 Net loss of $23 million or ($0.21) per diluted share from operating revenues of $532 million Helmerich & Payne, Inc. (ticker: HP) President and CEO John Lindsay said, “The fourth fiscal quarter headlines were dominated by oil price uncertainty which remained range-bound
Frank Ingriselli, independent director and chairman of Erin Energy (ticker: ERN) discussed the Oyo-9 well and related activity on Erin’s prospects offshore Nigeria during the company’s Q3 call last week. Frank Ingriselli: This is my second earnings conference call after my election as Chairman of Erin Board last May. At that last call, I acknowledged that it is an honor
Utica production up 45% Q2 to Q3 2017 CONSOL Energy (ticker: CNX) released its Q3 financials today and announced its division into new subsidiary companies. New companies, new names and ticker symbols The current parent, CONSOL Energy, will change its name to CNX Resources Corporation, and will retain its ticker symbol “CNX” on the NYSE CoalCo will change its name
During Q2, Devon Energy (ticker: DVN) averaged approximately 536,000 BOEPD which was 6,000 BOEPD higher than the company’s midpoint guidance for the quarter. Of that, approximately 44% of the production was oil. Devon indicated that 412,000 BOEPD of its total 536,000 BOEPD was sourced from U.S. resource plays. The company believes that its liquid volumes will reach approximately 65% of
Fortune 500 roster represents two thirds of U.S. gross domestic product For decades it has represented a badge of honor for any U.S. business. It has been populated by icons of U.S. industry—Ford, General Motors, International Paper, Standard Oil, IBM, General Electric. If your company’s name was in the “Fortune 500” that signified you were big—and successful. It whispered to
From Business Journals The following are some key year-end HR action items to help companies prepare for 2017: Ensure compliance with federal overtime pay rules; make sure employees are properly classified Although a federal court recently ruled to temporarily halt the new overtime pay rules scheduled to take effect on Dec. 1, companies should still have a plan to move
NatGas Use in Electricity Generation Soars through 2040: EIA Report The U.S. Department of Energy’s Energy Information Agency released its newest comprehensive report today, its Annual Energy Outlook 2016. As to the agency’s projections for oil and gas prices and production levels, the report summarizes what its models show as follows. After 2017, U.S. oil production increases as prices rise
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