Mississippian – Oil & Gas 360

Torchlight Energy Resources: An Introduction to this Mid-Continent Oil Producer

February 5, 2014

Torchlight Energy Resources (ticker: TRCH)is a high growth oil and gas exploration and production (E&P) company with a primary focus on acquisition and development of domestic oil fields. Since going public in 2010, Torchlight has established itself in four separate regions across the mid-continent, focusing on liquids production from proven areas. Rather than explore, the company uses its geologic knowledge

SandRidge Energy: Resilient Mississippian Operations despite Waning Industry Interest

November 20, 2013

SandRidge Energy (ticker: SD) is an oil and natural gas company headquartered in Oklahoma City, Oklahoma, with its principal focus on exploration and production in the Mid-Continent, Permian Basin, Gulf of Mexico, West Texas Overthrust and Gulf Coast. The challenging and inconsistent geology in the Mississippian Lime has oil and gas operators split on the true resource potential of the

Equal Energy Ltd. Exits Mississippian Chasing Returns Elsewhere in Oklahoma

September 27, 2012

Equal Energy Ltd. (ticker: EQU) sold its interests in Grant, Garfield and Alfalfa Counties, Oklahoma, to Atlas Resources Partners LP (ticker: ARP) for US$40 million. The Northern Oklahoma assets include production of 1,400 BOEPD (73% natural gas, 25% NGL, 2% oil), related infrastructure and interests in approximately 8,550 acres. Flashback: In April 2012, EQU sold 50% of its interest in

PetroQuest Energy – Resilient in an Ever-Challenging Industry

August 2, 2012

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,

Equal Energy Reports Q1'12 Results; Strategic Review Underway

May 18, 2012

Equal Energy Ltd. (TSX, NYSE: EQU) is an exploration and production oil and gas company with producing properties in Alberta and Oklahoma. EQU’s current production stream is comprised of approximately 13% crude oil, 38% NGLs and 49 % natural gas. The company is currently focused on its liquids rich assets in Oklahoma (Hunton and Mississippian plays), but EQU also has

PetroQuest Energy Reports Q1'12 Results; Announces Second Expansion of Mississippian Lime JV

May 9, 2012

PetroQuest Energy (NYSE:PQ) is an independent oil and natural gas company engaged in the exploration, development, acquisition and production of oil and natural gas reserves in Oklahoma, Texas, the Gulf Coast Basin, Arkansas and Wyoming. Over the last several years, the company has diversified its asset base from long-lived assets on the Gulf Coast, to emerging liquids rich plays in

Equal Energy and Atlas Resource – Flexing to Drill Mississippian Light Oil Play

April 5, 2012

Equal Energy Ltd. (TSX, NYSE: EQU) signed an agreement with Atlas Resource Partners, L.P. (NYSE: ARP) to sell 50% of its interest in approximately 14,500 net undeveloped acres prospective for Mississippian light oil for total cash consideration of approximately US$18 million, or approximately $2,482 per acre. OAG360 has seen per-acre amounts paid ranging between $1,331 to $4,425 for Mississippian-aged prospective

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

March 22, 2012

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%

PetroQuest Updates Mississippian Lime Operations and Q1'12 Guidance; La Cantera Well Flows at High End of Expectations

March 22, 2012

PetroQuest Energy (NYSE: PQ) announced the Thibodeaux #1 discovery well at the La Cantera prospect (17% NRI) in South Louisiana is currently flowing at a gross daily rate of approximately 31 MMcfe/d (26% oil and liquids) – the high end of company expectations (20 MMcfe/d to 30 MMcfe/d). PQ and partners are currently drilling an unbooked development location on La

PetroQuest Energy Reports Q4'11 and Year-end Results; Record Reserve Numbers; Extends Woodford JV into the Mississippian

February 29, 2012

Petroquest Energy, Inc. (NYSE: PQ) reported Q4’11 and year-end results, provided guidance for 2012, and announced an amendment to its Woodford Shale joint development agreement (JDA) to include an expansion into PetroQuest’s Mississippian Lime play. PQ reported Q4’11 net income of $2.8 million, or $0.04 per share, compared to net income of $2.1 million, or $0.03 per share during Q4’10.

PetroQuest Reports Q3'11 Earnings; Liquids Portfolio Looking Strong

November 4, 2011

PetroQuest Energy (NYSE: PQ) reported Q3’11 net income of $3.7 million, or $0.06 per share, compared to Q3’10 net income of $4.9 million, or $0.08 per share. Total Q3’11 revenues were $39.0 million, compared to Q3’10 revenues of $46.3 million. For the first nine months of 2011, PQ reported net income of $2.6 million, or $0.04 per share, compared to

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