Oilfield

Weather, MLPs, M&A Could Disrupt ‘Benign’ E&P Sector

Strong commodity prices overall have continued to temper the negative impact of higher oilfield costs, but several factors could disrupt the relatively “benign” environment in the exploration and production (E&P) sector through the rest of the year, according to Standard & Poor’s (S&P) credit analysts.

August 6, 2007

Weather, MLPs, M&A Could Disrupt ‘Benign’ E&P Sector

Strong commodity prices overall have continued to temper the negative impact of higher oilfield costs, but several factors could disrupt the relatively “benign” environment in the exploration and production (E&P) sector through the rest of the year, according to Standard & Poor’s (S&P) credit analysts.

August 1, 2007

Canada’s Precision Says Customer Demand for Services Still Declining

Precision Drilling Trust, Canada’s largest oilfield services provider, cut its distribution to investors Friday by 31.5% after it said customer demand for its services was continuing to decline.

May 21, 2007

Canadian Gas Drilling May See Upturn — Later

Natural gas drilling in Canada may be poised for an upturn later this year as oilfield service costs stabilize, but increased drilling may not be enough to compensate for the slowdown that began last year, energy executives said last week.

April 30, 2007

Canadian Gas Drilling May See Upturn — Later

Natural gas drilling in Canada may be poised for an upturn later this year as oilfield service costs stabilize, but increased gas drilling may not be enough to compensate for the slowdown that began last year, energy executives said Wednesday.

April 26, 2007

Slowdown in U.S. Land Drilling Expected to Impact Entire Sector

Weaker-than-expected North American natural gas drilling in the last four months has taken a bite out of earnings for at least two major U.S. oilfield contractors, and the slowdown is expected to impact energy earnings across the board for the next few months, according to energy analysts.

April 2, 2007

Slowdown in U.S. Land Drilling Expected to Impact Entire Sector

Weaker-than-expected North American natural gas drilling in the last four months has taken a bite out of earnings for at least two major U.S. oilfield contractors, and the slowdown is expected to impact energy earnings across the board for the next few months, according to energy analysts.

April 2, 2007

AK Lawmakers Finally Approve New Tax; Gasline Future Still Uncertain

With their state in the midst of a revenue crisis stemming from shut in of production from the Prudhoe Bay oilfield, Alaska lawmakers approved the biggest rewrite of oil and gas tax policy in decades, which proponents say will pump billions more into state coffers and help pave the way for development of bountiful North Slope natural gas reserves.

August 14, 2006

Raymond James: Robust Outlook for Drilling Market

The number of U.S. land drilling rigs and their utilization rate are at their highest levels in decades, and that bodes well for the oilfield services sector, says Raymond James.

January 18, 2006

Raymond James: Oilfield Technology Making Difference for Industry

With the oil and natural gas industry upbeat about sustained growth, the newest oilfield technologies are now beginning to make a dramatic difference, according to a report by Raymond James.

May 16, 2005