The contribution of exploration in 2007 to the Gulf of Mexico (GOM) deepwater’s reserve base was the lowest in the past decade, according to a new report by consultant Wood Mackenzie. Reserves found amounted to only 553 million boe — less than half the reserves found in 2006.
Tag / Contribution
SubscribeContribution
Articles from Contribution
Consultant: 2007 Was a Dud for Gulf of Mexico Deepwater
The contribution of exploration in 2007 to the Gulf of Mexico (GOM) deepwater’s reserve base was the lowest in the past decade, according to a new report by consultant Wood Mackenzie. Reserves found amounted to only 553 million boe — less than half the reserves found in 2006.
‘Enormous’ Investment Shift to Energy Seen to Continue
The disparity between the energy sector’s market cap weighting and its earnings contribution to the Standard & Poor’s 500 stock index has increased steadily over the past five years, and the “enormous” shift in wealth that is flowing into the sector is a sign that could mean a long-term rotation into energy stocks over the next five to 10 years, analysts said.
‘Enormous’ Shift in Wealth to Energy Sector Seen to Continue
The disparity between the energy sector’s market cap weighting and its earnings contribution to the Standard & Poor’s 500 stock index has increased steadily over the past five years, and the “enormous” shift in wealth that is flowing into the sector is a sign that could mean a long-term rotation into energy stocks over the next five to 10 years, analysts said.
Alabama/Georgia: New Entry in the Gas Shale Sweepstakes
With production from conventional gas fields declining across North America, gas shales are poised to increase their contribution to the nation’s gas supply. There are approximately 40,000 producing wells and fewer than two-dozen significant gas shale plays in the United States today, but the one that could potentially provide the biggest payoff –the Conasauga play — is still a largely unknown quantity.
Alabama/Georgia: New Entry in the Gas Shale Sweepstakes
With production from conventional gas fields declining across North America, gas shales are poised to increase their contribution to the nation’s gas supply. There are approximately 40,000 producing wells and fewer than two-dozen significant gas shale plays in the United States today, but the one that could potentially provide the biggest payoff –the Conasauga play — is still a largely unknown quantity.
Avista Reports Increased ’05 Earnings, ‘Strong’ Utility Performance
Citing a strong contribution from its utility operations, Avista Corp. last Friday reported increased fourth quarter and full-year earnings for 2005 — $25.4 million, or 52 cents/diluted share, for the fourth quarter, compared to $22.6 million, or 46 cents/diluted share, for the same period in 2004, and $45.2 million, or 92 cents/diluted share, for the full year, compared with $35.2 million, or 72 cents/diluted share, in 2004.
Noble Reports Record Profit, Daily Output Up 61%
With a solid contribution from the Patina Oil and Gas assets, Noble Energy Corp. reported its highest quarterly net income ever, with 3Q profit increasing 111% to $177 million (99 cents/share), compared with $83.7 million (70 cents) in 3Q2004. Daily production rose 61% worldwide, and domestic output also climbed, despite the impact of Hurricanes Katrina and Rita.
BP CEO Calls 4Q Production ‘Satisfactory,’ but ‘Not Spectacular’
Despite higher commodity prices and a contribution from Russian exploration, BP plc’s earnings fell flat in the final quarter of 2003, pulled down by a weak U.S. dollar and restructuring charges. Quarterly profit was $2.67 billion, up 1% above $2.64 billion reported a year ago, but below Wall Street’s forecast of $3.01 billion.
BP CEO Calls 4Q Production ‘Satisfactory,’ but ‘Not Spectacular’
Despite higher commodity prices and a contribution from Russian exploration, BP plc’s earnings fell flat in the final quarter of 2003, pulled down by a weak U.S. dollar and restructuring charges. Quarterly profit was $2.67 billion, up 1% above $2.64 billion reported a year ago, but below Wall Street’s forecast of $3.01 billion.