Disappointing

Consol Marcellus Output Jumps 60%

Despite disappointing earnings at Consol Energy Inc. during the first quarter, the company reported 10.7 Bcfe of production in the Marcellus Shale, a 60% increase that signaled that the play is becoming increasingly important for the coal and natural gas producer.

April 29, 2013

Consol Posts Loss, But Marcellus Becoming More Important

Despite disappointing earnings at Consol Energy Inc. during the first quarter, the company reported 10.7 Bcfe of production in the Marcellus Shale, a 60% increase that signaled that the play is becoming increasingly important for the coal and natural gas producer.

April 29, 2013

Linn Finds Better Hog Shootin’ in Oklahoma

After drilling some disappointing wells targeting the Hogshooter interval of the Granite Wash in the Texas Panhandle, Linn Energy LLC is now concentrating its efforts on the Oklahoma Hogshooter, where the reservoir is seen to be of better quality with less variability, CEO Mark E. Ellis said Thursday.

April 29, 2013

Chesapeake CEO Under More Fire; Largest Shareholder Steps In

Chesapeake Energy Corp. CEO Aubrey McClendon, reporting on a disappointing 1Q, said Wednesday the company is cutting its natural gas drilling count to 12 by the third quarter, down from 100 in January 2011 and switching to a liquids focus. He apologized for the “distractions” of recent days as another storm broke over his personal investments that so far have cost him the chairmanship.

May 3, 2012

Chesapeake’s Latest Deal Secures Needed Funding

Chesapeake Energy Corp., one of the biggest deal makers in the U.S. energy patch, has secured more funding for its onshore exploration and production program after it agreed to sell its natural gas pipeline gathering system in the Marcellus Shale to an affiliate for $865 million, analysts said.

January 3, 2012

Nabors CEO: U.S. Offshore Delays Weigh on Projected Growth

Continued growth in the U.S. and Canadian onshore unconventional businesses will help to offset disappointing performances in 2Q2011 from the pressure pumping, U.S. offshore and international units, Nabors Industries Ltd. CEO Gene Isenberg said Monday.

June 21, 2011

Drillers Suggest a Turn in the Market

Two drilling companies reported disappointing financial results last Thursday but hinted that things could be looking up in the gas/oil patch as the rig count seems to have hit its nadir.

August 3, 2009

Drillers Staying ‘Nimble,’ Eyeing ‘Green Shoots’

Two drilling companies reported disappointing financial results Thursday but hinted that things could be looking up in the gas/oil patch as the rig count seems to have hit its nadir.

July 31, 2009

Nabors CEO Looking to Late 2008, Beyond for Improvement

During a conference call with analysts following the release of disappointing third quarter results last week, Nabors Industries Ltd. CEO Gene Isenberg said the outlook for the North American drilling rig market isn’t particularly attractive for next year either, but if there is further decline in 2008, it likely won’t be as bad as the 2006-2007 period.

October 29, 2007

3Q Results Reveal BP’s Stumbles; Reorganization Details to Come

Following an announcement earlier this month that it is embarking on a companywide restructuring, industry giant BP plc last week released disappointing third quarter results — a 29% decline in net income — that were largely influenced by refinery problems, lower refining margins and weak marketing and trading results.

October 29, 2007
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