DALLAS–(BUSINESS WIRE)–Pioneer Natural Resources Company (NYSE:PXD - News) today announced financial and operating results for the quarter and year ended December 31, 2009.
Pioneer reported fourth quarter net income attributable to common stockholders of $57 million, or $.48 per diluted share. Net income included a noncash unrealized loss on commodity derivatives of $38 million after tax, [...]
Exxon Mobil’s (XOM) investment thesis seems obvious. With their takeover plans for XTO Energy (XTO) it appears we have a very rare chance to buy the shares of the cash-rich, dividend-yielding “King of the Diversified Energy Companies.”
With it’s forward PE nearing 11, a 2.5% yield, priced at close to 1X sales, over $30 billion in [...]
OKLAHOMA CITY, Dec. 22 /PRNewswire-FirstCall/ –Devon Energy Corporation (NYSE: DVN) today announced it has agreed to sell its interests in three Lower Tertiary development projects in the Gulf of Mexico to Maersk Oil for $1.3 billion. The agreement covers Devon’s 50-percent working interest in the Cascade project and its 25-percent working interests in the Jack [...]
HOUSTON, Nov. 10 /PRNewswire/ — Winning Strategies (www.winningstrategies.net) Editor Tim Connolly reported today that Tropical Storm Ida continues its weakness on landfall in the Gulf of Mexico and the National Hurricane Center now reports that all storm warnings have been discontinued as of 9:00 a.m. ET.
Major producers Chevron, Marathon Oil Corp, and Exxon Mobil Corp [...]
BOGOTA, Sept. 10 /PRNewswire-FirstCall/ — ECOPETROL S.A. (NYSE: EC - News) announced the end of drilling of the Quifa-7 well (Prospect H) to a depth of 3,097 feet, with preliminary well evaluation data indicating good potential of oil accumulation on the Carbonera Basal Sands Formation.
The exploratory well Quifa-7 was drilled by Meta Petroleum LTD, Operator [...]
PARIS–(BUSINESS WIRE)–Regulatory News:
CGGVeritas (ISIN: 0000120164 – NYSE: CGV) announced today that it has been awarded a contract by Pemex to acquire and process 75,000 km2 of 3D seismic data offshore Gulf of Mexico. The program is expected to start in October 2009 and extend through 2013. Total contract value is approximately $465 million.
The day rate [...]
HOUSTON–(BUSINESS WIRE)–ATP Oil & Gas Corporation (NASDAQ:ATPG - News) today announced that it has discovered additional pay sands at the Mirage Prospect located at Mississippi Canyon Block 941(MC 941) at ATP’s deepwater Telemark Hub in the Gulf of Mexico. The MC 941 #3 well, located in approximately 4,000 feet of water, encountered more than 250 [...]
Williams Partners L.P. (NYSE: WPZ - News) today provided a second update on the status of its Ignacio Gas Processing plant following a ruptured pipeline at the facility on June 3.
The scope of the work was expanded beyond the repair of the damaged pipes to ensure that any similarly situated piping was thoroughly inspected and [...]
Ensco International Incorporated (NYSE: ESV - News) announced today that the ENSCO 8500, the first of seven new ultra-deepwater semisubmersible drilling rigs in the ENSCO 8500 Series®, has commenced operations in the Gulf of Mexico under a four-year contract with Anadarko and Eni.
Chairman, President and CEO Dan Rabun commented, “Over the past several years, we [...]
ATP Oil & Gas Corporation (NASDAQ: ATPG - News) today announced success from an exploratory well at its Wenlock field Block 49/12 North in the U.K. North Sea with the completion and testing of the W3z ‘Bodbury’ prospect from a previously untested fault block. The well was completed in the Leman sandstone at a depth [...]
