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 | The Energy Report |
| Small-Cap Oil Company's First STACK Well Ranks Among Highest in Region |
| A small company drilling alongside the large operators has just released results from its first well, which exceeded expectations.
Oklahoma's STACK oil play has been on the radar of oil companies the past few years as large independent producers like Devon Energy (DVN-NYSE), Continental Resources (CLR-NYSE), Marathon Oil (MRO-NYSE), Newfield Exploration (NFX-NYSE) and Alta Mesa (AMR-NYSE) have acquired large tracts of land. But it's notWednesday, March 14, 2018 |
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| The Energy Report |
| The Smallest Company in the Lowest Cost Oil Play in the US |
| Keith Schaefer of Oil and Gas Investments Bulletin profiles a micro-cap oil company with land in a prime area.
Small oil producers have been shunned by the market, making them extremely cheap now—giving the whole sector lots of leverage for investors.
The one I'm focused on this year is Jericho Oil Corp. (JCO:TSX.V; JROOF:OTC). It's the smallest company I can find in the best play—which right now looks like the STACK play in Oklahoma.
It was the rare mWednesday, March 7, 2018 |
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| The Energy Report |
| Four Plays in Oklahoma's Red-Hot STACK |
| Oil and gas companies are racing to acquire land in Oklahoma's STACK region, known as an area of low-cost production.
STACK, a major area of energy-development interest in Oklahoma, stands for Sooner Trend Anadarko basin Canadian and Kingfisher counties. The area's importance was highlighted by the U.S. Energy Information Administration action in August to expand its weekly Drilling Productivity Report to include the Anadarko Basin, theWednesday, September 13, 2017 |
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 | Oilprice.com - oilprice.com |
| U.S. Shale Is Now Cash Flow Neutral |
| Oil prices are probably already high enough to spark a rebound in shale production.
The IEA says that in the third quarter of 2016, the U.S. shale industry became
cash flow neutral for the first time ever. That isn’t a typo. For years, the
drilling boom was done with a lot of debt, and the revenues earned from steadily
higher levels of output were not enough to cover the cost of drilling, even
when oil prices traded above $100 per barrel in the go-go drilling days between
2011 and 2014Friday, December 23, 2016 |
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| 24hGold - Associated Press |
| Devon Energy reports 2Q loss |
| OKLAHOMA CITY (AP) _ Devon Energy Corp. (DVN) on Tuesday reported a loss of $1.57 billion in its second quarter.
On a per-share basis, the Oklahoma City-based company said it had a loss of $3.04. Earnings, adjusted for non-recurring costs, came to 6 cents per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for a loss of 22 cents per share.
The oil and gas exploratTuesday, August 2, 2016 |
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| 24hGold - Associated Press |
| Oklahoma energy companies want earthquake lawsuit dismissed |
| OKLAHOMA CITY (AP) -- Three Oklahoma energy companies want a federal judge to dismiss a lawsuit demanding they reduce injection volumes at wastewater disposal wells that could be triggering earthquakes.
The lawsuit was filed in February by members of the Oklahoma Sierra Club. It asks that Devon Energy Corp., Chesapeake Energy Corp. and New Dominion LLC reduce production waste at wells.
But the companies say in legal filings that the Oklahoma Corporation CommisFriday, June 3, 2016 |
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| 24hGold - Associated Press |
| Devon Energy reports 1Q loss |
| OKLAHOMA CITY (AP) _ Devon Energy Corp. (DVN) on Tuesday reported a loss of $3.06 billion in its first quarter.
On a per-share basis, the Oklahoma City-based company said it had a loss of $6.44. Losses, adjusted for asset impairment costs and non-recurring costs, were 53 cents per share.
The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for a loss of 60 cents per share.
Tuesday, May 3, 2016 |
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| 24hGold - Associated Press |
| Devon Energy reports 4Q loss |
| OKLAHOMA CITY (AP) _ Devon Energy Corp. (DVN) on Tuesday reported a loss of $4.53 billion in its fourth quarter.
On a per-share basis, the Oklahoma City-based company said it had a loss of $11.12. Earnings, adjusted for asset impairment costs and non-recurring costs, came to 77 cents per share.
The results beat Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of 74 cents per share.
Tuesday, February 16, 2016 |
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| 24hGold - Associated Press |
| Chesapeake stock tumbles, rises after investors spooked |
| OKLAHOMA CITY (AP) -- Share prices for Chesapeake Energy stock were down more than 50 percent for a time Monday after a news report said the Oklahoma City-based company had brought on attorneys who help companies restructure their debt, but rebounded after the natural gas producer told investors that it was not planning to file for bankruptcy protection.
Chesapeake said it has long sought the counsel of attorneys at Kirkland & Ellis, which describes itself as a law firm that woTuesday, February 9, 2016 |
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| 24hGold - Yahoo |
| Gasoline Inventories Rose Last Week despite Fall in Production |
| Why WTI Prices Ignored Crude Oil and Gasoline Inventory Builds(Continued from Prior Part) Gasoline inventories
In its Weekly Petroleum Status Report released on January 27, 2016, the EIA (U.S. Energy Information Administration) stated that US gasoline inventories rose by ~3.5 MMbbls (million barrels) to settle at 248.5 MMbbls for the week ended January 22, 2016. The current gasoline stocks were 4.3% more than in the corresponding period last year.
Gasoline production
US gasoline production fTuesday, February 2, 2016 |
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| 24hGold - Yahoo |
| What to Expect from Devon Energy’s 4Q15 Earnings |
| Devon Energy's Stock Is in Downward Spiral ahead of 4Q15 Results Devon Energy’s 4Q15 revenue estimates
Devon Energy (DVN) will release its 4Q15 earnings on February 16, 2016. 4Q15 revenue estimates stand at ~$3.6 billion. Revenue in the corresponding quarter of 2014 was ~$6 billion.
In 3Q15, Devon reported revenue of $3.6 billion. This was ~33% lower than the revenue reported in 3Q14. Sequentially, revenue increased by ~6%. Given that revenues have fallen short of analysts’ estimates in all ofTuesday, February 2, 2016 |
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| 24hGold - Yahoo |
| Anadarko Q4 Loss Narrower than Expected, Revenues Slump |
| Anadarko Petroleum Corporation APC reported a fourth-quarter 2015 loss of 57 cents per share, narrower than the Zacks Consensus Estimate of a loss of $1.05. In the fourth quarter of 2014, the company had reported earnings of 37 cents per share.Anadarko Petroleum Corporation - Earnings Surprise | FindTheBestOn a GAAP basis, the company registered a loss per share of $2.45, wider than the year-ago loss of 78 cents per share.Total Revenues In the fourth quarter of 2015, Anadarko Petroleum’s Tuesday, February 2, 2016 |
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| 24hGold - Yahoo |
| Devon Energy to Report Fourth-Quarter and Full-Year 2015 Results Feb. 16; Conference Call Scheduled for Feb. 17 |
| OKLAHOMA CITY--(BUSINESS WIRE)-- Devon Energy Corp. (DVN) today announced plans to issue its fourth-quarter and full-year 2015 earnings news release on Tuesday, Feb. 16, after the close of U.S. financial markets. Please note as soon as practicable after the news release is issued, Devon will post an operations report to its website at www.devonenergy.com. On Wednesday, Feb. 17, the Company will hold a conference call at 10 a.m. Central Time (11 a.mTuesday, February 2, 2016 |
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| 24hGold - Yahoo |
| OIL Independent Oil Gas Equities Technical Notes -- Range Resources, Apache, Continental Resources, and Devon Energy |
| NEW YORK, NY / ACCESSWIRE / February 02, 2016 / Park Lane Advisor has initiated coverage on the following equities: Range Resources Corporation (RRC), Apache Corporation (APA), Continental Resources Inc. (CLR), and Devon Energy Corporation (DVN). Free research report on Range Resources can be accessed at http://www.parklaneadvisor.com/ On Monday, February 01, 2016, the NASDAQ Composite ended at 4,620.37, up 0.14%, the Dow Jones Industrial Average edged 0.10% lower, to finish the day at 16,449.18Tuesday, February 2, 2016 |
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| 24hGold - Yahoo |
| Russia’s Steps toward Production Cuts Widen the WTI-Brent Spread |
| OPEC-Russia Deal Could Trim Oversupplies, Pushed Crude Oil Prices(Continued from Prior Part) WTI-Brent spread
WTI’s (West Texas Intermediate) crude oil price premium over Brent crude oil prices turned to a discount. WTI prices were $0.1 per barrel more than Brent crude oil prices in the last week. This week, Brent crude oil prices were trading $0.67 per barrel more than WTI crude oil prices. As a result, the WTI-Brent widened this week.
WTI crude oil traded at discount over Brent crude oil prFriday, January 29, 2016 |
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| 24hGold - Associated Press |
| OIL US stocks rise as oil prices jump again; tech climbs |
| NEW YORK (AP) -- U.S. stocks rose Thursday as the price of oil climbed for the third day in a row on hopes that major oil exporters would cut production. Tech stocks traded higher, led by Facebook and PayPal, while drugmakers fell.
Facebook made its biggest leap in two and a half years after it said its profit more than doubled in the fourth quarter. The social network finished 2015 with almost 1.6 billion users. Sports apparel maker Under Armour also surged. Energy prices and Thursday, January 28, 2016 |
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| 24hGold - Yahoo |
| Upstream Stocks: 100-Day Moving Averages Show Strong Resistance |
| Price Correlation of Different Energy Streams and the Fed Stance(Continued from Prior Part) Moving averages
The 100-day moving averages of upstream companies’ stocks have shown strong resistance. The ten large-capped upstream companies are trading 22% below their 100-day moving averages. Only EQT (EQT) and Cabot Oil & Gas (COG) managed to trade 3.8% and 3.2% below their respective 100-day moving averages.
This is close to the averages when compared to other upstream companies. For example, MarThursday, January 28, 2016 |
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