EnerCom Dallas presenting company PetroQuest Energy (ticker: PQ) was founded in 1985 as a Gulf Coast oil and gas company. From 1985 to 2002 PetroQuest grew its reserves located principally onshore in Louisiana and offshore in the Gulf of Mexico. The company is headquartered in Lafayette, Louisiana. Central Louisiana Austin Chalk acquisition The company recently entered the Central Louisiana Austin
Borrowing base stays at $475 million Unit Corporation (NYSE: UNT) reported Q3 today; highlights include: Net income of $3.7 million and adjusted net income of $5.3 million. Oil and natural gas segment production increased 5% over the second quarter of 2017. Contract drilling segment’s average drilling rigs utilized increased 20% over the second quarter of 2017. Midstream segment increased gas
Four contract renewals add three years to backlog Q3 Highlights Net loss of $6 million, or ($0.16) per share Adjusted EBITDA of $3.1 million Fully-burdened margin per day, excluding construction costs, of $4,521 per day. No reactivation expenses during Q3 Renewal of four term contracts, adding three rig years to backlog Sequential backlog increases to $75 million on Sept. 30,
ConocoPhillips (ticker: COP), the world’s largest independent E&P company, reported its Q3 financial results yesterday. Q3 2017 Summary Achieved Q3 production excluding Libya of 1,202 MBOED; 1.4 percent year-over-year underlying production growth excluding the impact of closed or signed dispositions; underlying production grew 19 percent on a production per debt-adjusted share basis Lowering full-year 2017 expected capital expenditures to $4.5 billion,
SPN: increase in customer demand and service intensity for U.S. land markets Superior Energy Services (ticker: SPN) released its Q3 Earnings today, announcing a net loss from continuing operations for the third quarter of 2017 of $57.2 million, or ($0.37) per share, on revenue of $506.0 million. This compares to a net loss from continuing operations of $62.0 million, or
Kibsgaard: Market is now in balance, look for upward movement in oil prices and growth in E&P investment Earnings season is here for Q3, and the oil and gas industry got off to a strong start with Schlumberger (ticker: SLB) reporting today. Q3 Stats Revenue of $7.9 billion increased 6% sequentially Pretax operating income of $1.1 billion increased 11% sequentially
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