Saturday, April 26, 2025

SandRidge Energy: Resilient Mississippian Operations despite Waning Industry Interest

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

PetroQuest Energy – Resilient in an Ever-Challenging Industry

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

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

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

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)

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 Reports Q3'11 Earnings; Liquids Portfolio Looking Strong

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