McMoRan Exploration Co., which has built a sizable natural gas-weighted portfolio in the shallow waters of the Gulf of Mexico — and with it sizable drilling costs — saw its share price fall by double digits early last week after reporting a net loss in 3Q2010 of $25.3 million (minus 26 cents/share). Revenue in the latest quarter fell almost 13% from a year ago to $94.8 million.
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Kinder: Producers Are Spending Big in the Eagle Ford
Given the difference in prices for natural gas liquids (NGL) and dry gas, NGL content in the Eagle Ford Shale “makes for a much more pleasant experience” for producers there, Kinder Morgan Energy Partners LP (KMP) Chief Rich Kinder told financial analysts Wednesday. And burgeoning activity in the South Texas play has filled up a KMP midstream project there.
Chesapeake CFO to Head Fracking Company
Chesapeake Energy Corp.’s original chief financial officer is resigning to run a hydraulic fracturing services company in which the producer holds a 26% stake.
Analysts See Softer NGL Prices
Strengthening of natural gas liquids (NGL) prices, namely those for ethane, will continue for the near term, according to analysts at Wells Fargo Securities. But further out, supply and demand issues will make for lower prices, although not as low as some in the industry believe, the firm said in a recent note.
Analysts: Softer NGL Prices to Come
Strengthening of natural gas liquids (NGL) prices, namely those for ethane, will continue for the near term, according to analysts at Wells Fargo Securities. But further out, supply and demand issues will make for lower prices, although not as low as some in the industry believe, the firm said in a recent note.
2011 Gas Market Worse Than 2010?
Pour more water on the flame lit by the shale gas explosion in the United States, analysts with Deutsche Bank Securities Inc. said this week. There’s just too much gas for the world markets to handle, said the bank’s oil and gas team.
GOP Bill Would Block SEC Requirement on Climate Change
Sen. John Barrasso (R-WY) Wednesday introduced legislation that would block the Securities and Exchange Commission’s (SEC) new requirement that companies disclose the impacts of climate change on their businesses.
GOP Bill Would Block SEC Requirement on Climate Change
Sen. John Barrasso (R-WY) Wednesday introduced legislation that would block the Securities and Exchange Commission’s (SEC) new requirement that companies disclose the impacts of climate change on their businesses.
SEC Reserve Revisions Begin Impacting E&P Reports
The updated reserves reporting rules enacted by the Securities and Exchange Commission (SEC) for U.S. exploration and production (E&P) companies may prove a struggle for independents in choosing whether to be aggressive with their bookings versus a more conservative approach, particularly when booking proved undeveloped (PUD) locations, analysts said Thursday.
E&Ps Face Choices Under SEC Reserve Revisions
The updated reserves reporting rules for U.S. exploration and production (E&P) companies enacted by the Securities and Exchange Commission (SEC) may prove a struggle for independents in choosing whether to be aggressive with their bookings versus a more conservative approach, particularly when booking proved undeveloped (PUD) locations, analysts said Thursday.