Range Resources Corp. credited its second quarter results to a simple factor: better rocks.
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Range Claims Its Rocks Rock
Range Resources Corp. credited its second quarter results to a simple factor: better rocks.
Apache Posts Record 1Q Production
Apache Corp. CEO Steve Farris last week credited the company’s portfolio and employees for helping achieve record oil-equivalent production and the third-highest quarter for earnings during 1Q2011, and he predicted that exploration would grow in Oklahoma and Texas.
Baker Hughes: ‘Ongoing Strength’ in Unconventional Plays Lifts Profits
Profits and revenue for Baker Hughes Inc. hit record highs in the final three months of 2010, for which the company credited ongoing strength in onshore North American drilling. However, Baker Hughes is “concerned” about the pace of offshore permit approvals in the Gulf of Mexico (GOM), the CEO said.
EXCO Reserves Climb as Company Shops Itself
Dallas-based EXCO Resources Inc. on Thursday credited drilling success in the Haynesville Shale for “a significant increase” in proved reserves. The company also said it is shopping for offers that would compete with a buyout proposal it received from its CEO late last year.
EXCO Reserves Climb as Company Shops Itself
Dallas-based EXCO Resources Inc. on Thursday credited drilling success in the Haynesville Shale for “a significant increase” in proved reserves. The company also said it is shopping for offers that would compete with a buyout proposal it received from its CEO late last year.
Contract Drillers See Gains in Land-Based Business
Contract drilling in the United States was on the upswing in the second quarter as Patterson-UTI Energy Inc. credited its improved results compared to a year ago to more business in Appalachia as well as in West and South Texas. Helmerich & Payne also reported increased income from U.S. land operations.
Kinder: Basis Is On the Move
The Rockies Express Pipeline (REX) has been credited (or blamed) for squeezing North American basis differentials, but they’re not going away, Kinder Morgan Energy Partners LP (KMP) CEO Richard D. Kinder told financial analysts last Wednesday.
Kinder on Pipes and Basis: Don’t Build It Until They’ve Come
The Rockies Express Pipeline (REX) has been credited (or blamed) for squeezing North American basis differentials, but they’re not going away, Kinder Morgan Energy Partners LP (KMP) CEO Richard D. Kinder told financial analysts Wednesday.
Gas Production Growth, Higher Pipeline Tariffs Boost Williams 2Q Results
Williams credited strong results in all of its core gas businesses and the absence of a $248.7 million litigation charge in 2Q2006 for substantially improved second quarter results. Net income was $433.1 million (71 cents/share) compared with a net loss of $76 million (-13 cents/share) in 2Q2006.