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	<title>Stock Blog Hub &#187; Oil &amp; Gas Drilling &amp; Exploration</title>
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	<description>Start Your Investing Research Here!</description>
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		<title>(MWE) MarkWest Energy Partners&#8217; Unit Signs Gas Deals</title>
		<link>http://www.stockbloghub.com/2009/09/17/mwe-markwest-energy-partners-unit-signs-gas-deals/15429</link>
		<comments>http://www.stockbloghub.com/2009/09/17/mwe-markwest-energy-partners-unit-signs-gas-deals/15429#comments</comments>
		<pubDate>Thu, 17 Sep 2009 18:48:15 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Chesapeake Energy Corporation]]></category>
		<category><![CDATA[CHK]]></category>
		<category><![CDATA[Markwest Energy Partners Lp]]></category>
		<category><![CDATA[MWE]]></category>
		<category><![CDATA[NI]]></category>
		<category><![CDATA[Nisource Inc.]]></category>
		<category><![CDATA[Range Resources Corp]]></category>
		<category><![CDATA[RRC]]></category>
		<category><![CDATA[Statoilhydro Asa Ads]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15429</guid>
		<description><![CDATA[MarkWest Liberty Midstream &#38; Resources – a majority-owned joint venture of MarkWest Energy Partners L.P. (MWE) – yesterday announced the signing of definitive agreements with subsidiaries of Chesapeake Energy Corp. (CHK) and Statoil Hydro ASA (STO) to process gas at its proposed facility in Majorsville, West Virginia. MarkWest Liberty is a partnership between natural gas pipeline operator MarkWest Energy Partners and energy infrastructure private equity fund NGP Midstream &#38; Resources L.P. MarkWest has a 60% operated interest in the venture (remaining 40% owned by NGP) that has been formed to construct and operate natural gas midstream services to support producers in the emerging Marcellus Shale play in western Pennsylvania and West Virginia. The new processing deals are in addition to a previously announced agreement with independent oil and gas company ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/17/mwe-markwest-energy-partners-unit-signs-gas-deals/15429/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PBR) Oil &amp; Gas Industry &#8211; Zacks Analyst Interviews</title>
		<link>http://www.stockbloghub.com/2009/09/15/pbr-oil-gas-industry-zacks-analyst-interviews/15185</link>
		<comments>http://www.stockbloghub.com/2009/09/15/pbr-oil-gas-industry-zacks-analyst-interviews/15185#comments</comments>
		<pubDate>Tue, 15 Sep 2009 17:07:11 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[TSO]]></category>
		<category><![CDATA[Valero Energy Corp.]]></category>
		<category><![CDATA[VLO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15185</guid>
		<description><![CDATA[The emerging positive narrative of a favorable outlook for the U.S. economy has done wonders for the markets, particularly equities and commodities. The broad equity markets as well as most commodity groups are up smartly from their early-March lows. Crude oil&#8217;s gains have been even more impressive, given its heavy leverage to the health of the global economy. Our view is that oil should be able to hold onto its recent gains and consolidate around current levels, provided this favorable economic view remains in place. While we have greater confidence in the staying power of the current oil rally, this does not mean that we will not see any short-term pullbacks. On the whole, we expect oil prices in 2010 to be higher than the 2009 levels, but remain significantly ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/15/pbr-oil-gas-industry-zacks-analyst-interviews/15185/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PBR) Top Non-US Equity Funds &#8211; Mutual Fund Commentary</title>
		<link>http://www.stockbloghub.com/2009/09/15/pbr-top-non-us-equity-funds-mutual-fund-commentary/15193</link>
		<comments>http://www.stockbloghub.com/2009/09/15/pbr-top-non-us-equity-funds-mutual-fund-commentary/15193#comments</comments>
		<pubDate>Tue, 15 Sep 2009 17:05:58 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15193</guid>
		<description><![CDATA[Today we are featuring top-performing “Non-US&#8221; equity mutual funds, which primarily invest in equity securities of companies located outside the United States. Investors can find such funds by checking out the entire list of the Zacks #1 Rank Non-US Equity Funds. 3 Great Examples RS Emerging Markets A (GBEMX) seeks long-term capital appreciation by investing in a diversified portfolio of companies located in developing economies. The fund expects long-term capital appreciation to be accompanied by dividend income, which may vary depending on factors such as the location of the investments. It focuses on companies that trade at reasonable prices and can sustain above-average growth rates. Petroleo Brasileiro S.A. (PBR), Reliance Capital Ltd. and Dragon Oil Plc are among the fund’s key holdings. BNY Mellon Emerging Markets (MIEGX) seeks long-term capital ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/15/pbr-top-non-us-equity-funds-mutual-fund-commentary/15193/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PBR) Oil &amp; Gas Industry &#8211; Favorable View on Stabilizing Economy</title>
		<link>http://www.stockbloghub.com/2009/09/14/pbr-oil-gas-industry-favorable-view-on-stabilizing-economy/15142</link>
		<comments>http://www.stockbloghub.com/2009/09/14/pbr-oil-gas-industry-favorable-view-on-stabilizing-economy/15142#comments</comments>
		<pubDate>Mon, 14 Sep 2009 20:55:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[CEO]]></category>
		<category><![CDATA[Cnooc Ltd]]></category>
		<category><![CDATA[E]]></category>
		<category><![CDATA[Eni SpA]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>
		<category><![CDATA[Tesoro Corporation]]></category>
		<category><![CDATA[TSO]]></category>
		<category><![CDATA[Valero Energy Corp.]]></category>
		<category><![CDATA[VLO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=15142</guid>
		<description><![CDATA[The emerging positive narrative of a favorable outlook for the U.S. economy has done wonders for the markets, particularly equities and commodities. The broad equity markets as well as most commodity groups are up smartly from their early-March lows. Crude oil’s gains have been even more impressive, given its heavy leverage to the health of the global economy. Our view is that oil should be able to hold onto its recent gains and consolidate around current levels, provided this favorable economic view remains in place. While we have greater confidence in the staying power of the current oil rally, this does not mean that we will not see any short-term pullbacks. On the whole, we expect oil prices in 2010 to be higher than the 2009 levels, but remain significantly ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/14/pbr-oil-gas-industry-favorable-view-on-stabilizing-economy/15142/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(NBR) Nabors Industries- Bear of the Day</title>
		<link>http://www.stockbloghub.com/2009/09/11/nbr-nabors-industries-bear-of-the-day/14943</link>
		<comments>http://www.stockbloghub.com/2009/09/11/nbr-nabors-industries-bear-of-the-day/14943#comments</comments>
		<pubDate>Fri, 11 Sep 2009 16:54:04 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14943</guid>
		<description><![CDATA[Nabors Industries (NBR) second-quarter earnings of $0.32 per share topped the Zacks Consensus Estimate of $0.28 buoyed by stronger margins associated with new rig deployments in its international operations and solid performance from the Alaska sub-segment. However, results were significantly below year-earlier levels, reflecting a sustained slowdown in North American activity levels. We remain concerned about the North American land drilling scene and its impact on Nabors, the largest onshore driller. This, coupled with the company s relatively weak balance sheet in an environment of continued credit market turmoil, accounts for our Underperform recommendation. Zacks Investment Research View original at: Zacks.com News Feed]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/11/nbr-nabors-industries-bear-of-the-day/14943/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ARD) Arena Resources, Inc &#8211; ROE Twice Industry Average</title>
		<link>http://www.stockbloghub.com/2009/09/09/ard-arena-resources-inc-roe-twice-industry-average/14691</link>
		<comments>http://www.stockbloghub.com/2009/09/09/ard-arena-resources-inc-roe-twice-industry-average/14691#comments</comments>
		<pubDate>Wed, 09 Sep 2009 22:16:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[ARD]]></category>
		<category><![CDATA[Arena Resources Inc]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14691</guid>
		<description><![CDATA[Arena Resources Inc (ARD) continues to top expectations and the Zacks Consensus Estimate is on the rise. Company Description Arena Resources acquires, explores, develops, and produces oil and natural gas in the south-central states of the U.S. The company&#8217;s current reserve is estimated to be nearly 66 million barrels of oil equivalents. Hit By Energy Prices Arena released second-quarter results on Aug 7 that included revenues of nearly $28 million, down sharply from last year. While production was down just 2%, net income was well below last year&#8217;s levels of $24.8 million, 67 cents. Earnings for this quarter came in at $14.4 million, or 20 cents per share, for the company&#8217;s sixth consecutive earnings surprise as the consensuses was 19 cents. This is not quite a shock considering the average ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/09/ard-arena-resources-inc-roe-twice-industry-average/14691/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STO) StatoilHydro ASA Finds New Reserves</title>
		<link>http://www.stockbloghub.com/2009/09/08/sto-statoilhydro-asa-finds-new-reserves/14577</link>
		<comments>http://www.stockbloghub.com/2009/09/08/sto-statoilhydro-asa-finds-new-reserves/14577#comments</comments>
		<pubDate>Wed, 09 Sep 2009 00:43:23 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Statoilhydro Asa Ads]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14577</guid>
		<description><![CDATA[Integrated oil and gas major StatoilHydro ASA (STO) recently discovered a new oil and gas location in the Nona prospect, 10 kilometers south east of the Asgard field in the Norwegian Sea. The well 6407/2-5S was drilled to a depth of 3,289 meters below sea level. Based on preliminary calculations, the size of the find is between 13 and 31 million barrels of oil and 1–2 billion standard cubic meters of gas. Management is optimistic about the discovery and affirms the possibility of other new finds in this area. Despite maturity of the Norwegian Continental Shelf region, the Norway-based company is well positioned to sustain its production from this area at current levels for the next few years. Internationally, Statoil plans to continue a high level of exploration activity to ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/08/sto-statoilhydro-asa-finds-new-reserves/14577/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(NBR) Patterson-UTI Energy Rig Count Edges Up</title>
		<link>http://www.stockbloghub.com/2009/09/04/nbr-patterson-uti-energy-rig-count-edges-up/14461</link>
		<comments>http://www.stockbloghub.com/2009/09/04/nbr-patterson-uti-energy-rig-count-edges-up/14461#comments</comments>
		<pubDate>Fri, 04 Sep 2009 23:14:00 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14461</guid>
		<description><![CDATA[Yesterday, one of the largest onshore contract drillers in the U.S., Patterson-UTI Energy, Inc. (PTEN) said its August 2009 drill rig count averaged 72, up from 65 in the previous month. The company operated 69 rigs in the U.S. and 3 in Canada in August, compared to 63 rigs in the U.S. and 2 rigs in Canada during July. Patterson’s activity levels in the U.S. peaked in early October 2008, with a rig count of 275. Since then, the company has witnessed a steep and quick decline on the back of decreased demand largely caused by lower commodity prices for natural gas. Favorable prices over the last few years led to increased natural gas drilling, with the total onshore rig count making a new all-time high in 2008. As a ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/04/nbr-patterson-uti-energy-rig-count-edges-up/14461/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STO) Statoil&#8217;s Positive Production Outlook</title>
		<link>http://www.stockbloghub.com/2009/09/03/sto-statoils-positive-production-outlook/14398</link>
		<comments>http://www.stockbloghub.com/2009/09/03/sto-statoils-positive-production-outlook/14398#comments</comments>
		<pubDate>Thu, 03 Sep 2009 23:48:25 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[NCI Building Systems Inc.]]></category>
		<category><![CDATA[NCS]]></category>
		<category><![CDATA[Statoilhydro Asa Ads]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14398</guid>
		<description><![CDATA[After drilling an appraisal well in the northeastern segment of the Smorbukk deposit (part of the Asgard field in the Norwegian Sea), StatoilHydro (STO) has confirmed the existence of oil, gas and condensate. The result is encouraging, and development in association with the Asgard B platform will be considered. The company said that production may start in three to four years. The proven resources are estimated to be between 15 and 25 million barrels of recoverable oil equivalent. The Asgard field development includes 58 production and injection wells divided on 16 subsea templates. Two vessels and one platform are located on the field. Discovered in 1984, the Smorbukk field has been on stream since 1999. As of year-end 2008, StatoilHydro had approximately 5.58 billion oil-equivalent barrels in proved reserves. It ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/03/sto-statoils-positive-production-outlook/14398/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(EVEP) EV Energy Partners Earnings Estimates are Rising</title>
		<link>http://www.stockbloghub.com/2009/09/02/evep-ev-energy-partners-earnings-estimates-are-rising/14155</link>
		<comments>http://www.stockbloghub.com/2009/09/02/evep-ev-energy-partners-earnings-estimates-are-rising/14155#comments</comments>
		<pubDate>Wed, 02 Sep 2009 20:27:46 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Ev Energy Partners Lp]]></category>
		<category><![CDATA[EVEP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14155</guid>
		<description><![CDATA[EV Energy Partners (EVEP) is leading its industry, estimates are on the rise, and the partnership just reported its third earnings surprise in the past year. Company Description EV Energy Partners is a Master LP that acquires and operates oil and gas properties. Fields are located in Ohio, West Virginia, and Louisiana. Another Surprise On Aug 10 the master partnership announced earnings per share of 70 cents, 11 cents higher than the Zacks Consensus Estimate. Production rose 23% on a year-over-year basis to 5.9Bcfe. This was the second consecutive surprise and the third in the past 4 quarters. Analysts Like What They See Following the report, the Zacks Consensus Estimate for full-year 2009 jumped 20 cents to $2.36. This represents a growth rate of over 500%. Next year&#8217;s estimates are ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/02/evep-ev-energy-partners-earnings-estimates-are-rising/14155/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(STO) Statoil Wins New Drilling Permit</title>
		<link>http://www.stockbloghub.com/2009/09/01/sto-statoil-wins-new-drilling-permit/14011</link>
		<comments>http://www.stockbloghub.com/2009/09/01/sto-statoil-wins-new-drilling-permit/14011#comments</comments>
		<pubDate>Tue, 01 Sep 2009 17:40:06 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Statoilhydro Asa Ads]]></category>
		<category><![CDATA[STO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=14011</guid>
		<description><![CDATA[Recently, Norway-based energy firm StatoilHydro ASA (STO) gained a permit from the country’s top petroleum resources regulatory agency, the Norwegian Petroleum Directorate, to drill wellbore 25/2-17 in production license 442. The company plans to drill &#8220;wildcat&#8221; wells (those drilled in an area where no current oil or gas production exists) on the license using semi-submersible facility Ocean Vanguard. StatoilHydro has a 40% operated interest in production license 442, which was awarded in June 2007. Well 25/2-17 is located about 20 kilometers east of the company’s Frigg field in the central part of the North Sea and is the first well to be drilled on the production license. We believe that the 25/2-17 well, if successful and rendered economically feasible, will further consolidate StatoilHydro’s leading position in the Norwegian Continental Shelf. ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/09/01/sto-statoil-wins-new-drilling-permit/14011/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(ARD) Rising Oil Means Invest Small and Local</title>
		<link>http://www.stockbloghub.com/2009/08/27/ard-rising-oil-means-invest-small-and-local/13594</link>
		<comments>http://www.stockbloghub.com/2009/08/27/ard-rising-oil-means-invest-small-and-local/13594#comments</comments>
		<pubDate>Thu, 27 Aug 2009 19:22:22 +0000</pubDate>
		<dc:creator>InvestmentU</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[ARD]]></category>
		<category><![CDATA[Arena Resources Inc]]></category>
		<category><![CDATA[Sandridge Energy Incorporated]]></category>
		<category><![CDATA[SD]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13594</guid>
		<description><![CDATA[by The Investment U Research Team After it’s recent run-up, oil has pulled back to just over $70. It’s moved the stock prices of a number of producers and distributors as the markets have churned recently. But even though it’s price has leveled off and supplies are relatively up and steady, oil is going to go back up. As sure as we are that the sun will come up tomorrow, the taxman and death; oil is going back up. Quite simply, even with all of the action on alternative energy solutions, the world still runs on petroleum. And nothing seems to be changing that so far. It’s a disturbing thought that some of the best alternatives to oil power are still years from mass production. Even worse is the number ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/27/ard-rising-oil-means-invest-small-and-local/13594/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<item>
		<title>(RIG) Transocean Scores a New Deepwater Contract</title>
		<link>http://www.stockbloghub.com/2009/08/26/rig-transocean-scores-a-new-deepwater-contract/13510</link>
		<comments>http://www.stockbloghub.com/2009/08/26/rig-transocean-scores-a-new-deepwater-contract/13510#comments</comments>
		<pubDate>Wed, 26 Aug 2009 21:07:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Chevron Corp.]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Transocean Ltd]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13510</guid>
		<description><![CDATA[The world’s largest offshore driller, Transocean Ltd. (RIG), bagged a 455-day contract for its ultra-deepwater semisubmersible rig Sedco Express from a subsidiary of Noble Energy Inc. (NBL). The contract is expected to commence in the third quarter of 2010 after the expiry of Sedco’s current contract as well as completion of maintenance work and mobilization. Transocean is expecting approximately $241 million revenue from this contract. A couple of weeks ago, Transocean&#8217;s ultra-deepwater drillship Discoverer Clear Leader started its operations in the U.S. Gulf of Mexico under a five-year contract with Chevron Corp. (CVX). Clear Leader features Transocean’s patented dual-activity drilling technology designed to enable parallel drilling operations from a single derrick that saves time as well as money in deepwater well construction in comparison to conventional rigs. We believe that ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/26/rig-transocean-scores-a-new-deepwater-contract/13510/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(PDE) Pride International Completes Seahawk Drilling Spin-off</title>
		<link>http://www.stockbloghub.com/2009/08/26/pride-international-completes-seahawk-drilling-spin-off/13417</link>
		<comments>http://www.stockbloghub.com/2009/08/26/pride-international-completes-seahawk-drilling-spin-off/13417#comments</comments>
		<pubDate>Wed, 26 Aug 2009 15:28:41 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[PDE]]></category>
		<category><![CDATA[Pride International]]></category>
		<category><![CDATA[RIG]]></category>
		<category><![CDATA[Transocean Ltd]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13417</guid>
		<description><![CDATA[Pride International Inc. (PDE) completed the spin-off of Seahawk Drilling Inc. – a former subsidiary of Pride that owns 20 mat-supported jackup rigs operating in the Gulf of Mexico (GoM) – as a stock dividend to existing shareholders. For every 15 shares of Pride, stockholders would receive one share of Seahawk, besides a cash payment for fractional shares of Seahawk. Seahawk shares will start trading today under the ticker symbol of “HAWK&#8221; on the Nasdaq. The mat-supported jackup market in the GoM has been hit hard by the sharp drop in overall activity levels due to weak natural gas prices and tight credit market conditions. Since experiencing very strong demand in the 2004–2007 period, utilization levels and dayrates have fallen steadily and currently remain at depressed levels. With this spin-off, ]]></description>
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		<slash:comments>0</slash:comments>
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		<title>(CXO) Concho Resources Inc. &#8211; Earned 34 Cents vs. 19 Cents Estimated</title>
		<link>http://www.stockbloghub.com/2009/08/25/concho-resources-inc-earned-34-cents-vs-19-cents-estimated/13297</link>
		<comments>http://www.stockbloghub.com/2009/08/25/concho-resources-inc-earned-34-cents-vs-19-cents-estimated/13297#comments</comments>
		<pubDate>Tue, 25 Aug 2009 16:07:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Concho Resources Inc]]></category>
		<category><![CDATA[CXO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13297</guid>
		<description><![CDATA[Concho Resources Inc (CXO) remains volatile, but bullish, following its latest earnings report. Company Description Concho Resources is an oil and natural gas exploration company. Most of the company&#8217;s properties are located in New Mexico and Texas. Concho also is involved in several emerging plays. Huge Surprise On Aug 3 the company reported second-quarter results that included production of 2.7 million barrels of oil equivalents, up 88%. Proven reserves are up 13% to 154.5. Earnings per share came in at 34 cents on just under $30 million in net income. This compares to the Zacks Consensus Estimate of 19 cents, breaking its streak of missing forecasts. Words from the Top Timothy A. Leach, Chairman, CEO and President said, &#8220;The Company&#8217;s significant production and reserve growth through the first six months ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/25/concho-resources-inc-earned-34-cents-vs-19-cents-estimated/13297/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(NBR) Nabors Hurt by North American Drilling Business</title>
		<link>http://www.stockbloghub.com/2009/08/24/nbr-nabors-hurt-by-north-american-drilling-business/13215</link>
		<comments>http://www.stockbloghub.com/2009/08/24/nbr-nabors-hurt-by-north-american-drilling-business/13215#comments</comments>
		<pubDate>Mon, 24 Aug 2009 21:08:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Nabors Industries Ltd]]></category>
		<category><![CDATA[NBR]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13215</guid>
		<description><![CDATA[Our Underperform recommendation for Nabors Industries (NBR) reflects our bearish view of the North American land-drilling scene, which accounts for more than two-thirds of the company’s total contract drilling earnings. The drop-off in drilling activities in response to the combination of commodity-price weakness and credit market tightness is weighing on the fortunes of all oilfield service players in general and land drillers (such as Nabors) in particular. The company did manage to post better-than-expected second-quarter earnings (topping the Zacks Consensus Estimate by 4 cents) on the back of stronger margins associated with new rig deployments in its international operations and solid performance from the Alaska sub-segment. However, results were significantly below year-earlier levels, reflecting a sustained slowdown in North American activity levels. We remain concerned about the North American land-drilling ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/24/nbr-nabors-hurt-by-north-american-drilling-business/13215/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(PBR) Petrobras found light crude in reserves</title>
		<link>http://www.stockbloghub.com/2009/08/21/pbr-petrobras-found-light-crude-in-reserves/13069</link>
		<comments>http://www.stockbloghub.com/2009/08/21/pbr-petrobras-found-light-crude-in-reserves/13069#comments</comments>
		<pubDate>Fri, 21 Aug 2009 18:59:05 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=13069</guid>
		<description><![CDATA[Petroleo Brasilerio, also known as Petrobras (PBR), found light crude in reserves situated in the Campos Basin off the coast of the state of Rio de Janeiro. The discovery was made by drilling well 1-BRSA-713-RJS (1-RJS-661) in Exploratory Concession BM-C-36 (block C-M-401). This block is exclusively operated by Petrobras. Preliminary analysis indicates that the Campos Basin has recoverable volumes of 280 million barrels of light oil. Geologically similar reservoirs had already been identified in the Santos Basin by drilling two wells in the Marlin Sul field. These discoveries are a result of the efforts and the modern technology that the company has been using in other production areas. Petrobras&#8217; expertise in deepwater oil and gas exploration and production (E&#38;P) is reflected in its outstanding production growth track record in the ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/21/pbr-petrobras-found-light-crude-in-reserves/13069/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(DO) Diamond Offshore Drilling: Another Special Dividend</title>
		<link>http://www.stockbloghub.com/2009/08/19/diamond-offshore-drilling-another-special-dividend/12673</link>
		<comments>http://www.stockbloghub.com/2009/08/19/diamond-offshore-drilling-another-special-dividend/12673#comments</comments>
		<pubDate>Wed, 19 Aug 2009 22:35:56 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Diamond Offshore Drilling]]></category>
		<category><![CDATA[DO]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12673</guid>
		<description><![CDATA[Houston-based Diamond Offshore Drilling, Inc. (DO) has meticulously remained committed to returning excess cash to shareholders through special dividends. Since the beginning of 2006, in addition to its regular dividend the company has regularly been paying a special dividend. For the second quarter of 2009, Diamond declared a regular dividend of $0.125 and the 8th consecutive quarter of a special dividend of $1.875. The total dividend offered in the period was $2.00 per share. Diamond Offshore is a major contract driller, providing comprehensive offshore drilling services to the global energy industry. The company is leveraged to the global deepwater markets through its fleet of high-specification and mid-water depth equipment. The company&#8217;s solid contract backlog and deepwater orientation offer a very high level of earnings and cash flow visibility. While Diamond’s ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/19/diamond-offshore-drilling-another-special-dividend/12673/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>(PBR) Petrobras Fights Back &#8211; continuous increase in demand in Brazil</title>
		<link>http://www.stockbloghub.com/2009/08/19/pbr-petrobras-fights-back-continuous-increase-in-demand-in-brazil/12710</link>
		<comments>http://www.stockbloghub.com/2009/08/19/pbr-petrobras-fights-back-continuous-increase-in-demand-in-brazil/12710#comments</comments>
		<pubDate>Wed, 19 Aug 2009 21:56:52 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Chevron Corp.]]></category>
		<category><![CDATA[CVX]]></category>
		<category><![CDATA[PBR]]></category>
		<category><![CDATA[Petroleo Brasileiro]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=12710</guid>
		<description><![CDATA[Last Week, Petroleo Brasileiro SA or Petrobras (PBR) posted negative second-quarter results, which were in line with expectations due to the huge slump in oil prices in 2009 from the last year. Fall in oil price from $109 per barrel in the first half of 2008 to $52 per barrel in the first half of 2009 had a strong effect on the company. Moreover, greater volumes of financing, of commercial hedge operations and the impact of exchange rate on foreign assets also hurt quarterly results. Net profit declined 20% to R$7.73 billion ($4.16 billion), down from R$9.72 billion in the second quarter of 2008. The company posted an EBITDA of R$17.51 billion compared to R$18.63 billion the year-ago period. However, oil and gas production in Brazil was up 6% year ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/08/19/pbr-petrobras-fights-back-continuous-increase-in-demand-in-brazil/12710/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(SD) Sandridge Moves Into Oversold Territory &#8211; Zacks Tale of the Tape</title>
		<link>http://www.stockbloghub.com/2009/07/08/sandridge-moves-into-oversold-territory-zacks-tale-of-the-tape/9497</link>
		<comments>http://www.stockbloghub.com/2009/07/08/sandridge-moves-into-oversold-territory-zacks-tale-of-the-tape/9497#comments</comments>
		<pubDate>Wed, 08 Jul 2009 22:37:50 +0000</pubDate>
		<dc:creator>vitalstocks</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[Sandridge Energy Incorporated]]></category>
		<category><![CDATA[SD]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=9497</guid>
		<description><![CDATA[Sandridge Energy Inc.’s (SD) share price has entered into oversold territory with a stochastic value of 19.12. The Zacks #1 Rank (“Strong Buy&#8221;) stock has topped the consensus forecast in each of the last 4 quarters with an average surprise of 100.85%, or 7 cents per share. Moreover, the consensus estimate on the company&#8217;s full-year earnings has moved up by 3 cents over the past week to 47 cents per share. Zacks Investment Research View original at: Zacks.com]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2009/07/08/sandridge-moves-into-oversold-territory-zacks-tale-of-the-tape/9497/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
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		<title>(WLL) &#8211; Whiting Petroleum &#8211; next-year estimate is bullish as well, pegged at $9.33 per share, a 13% earnings growth</title>
		<link>http://www.stockbloghub.com/2008/10/07/wll-whiting-petroleum-next-year-estimate-is-bullish-as-well-pegged-at-933-per-share-a-13-earnings-growth-3/566</link>
		<comments>http://www.stockbloghub.com/2008/10/07/wll-whiting-petroleum-next-year-estimate-is-bullish-as-well-pegged-at-933-per-share-a-13-earnings-growth-3/566#comments</comments>
		<pubDate>Tue, 07 Oct 2008 19:53:05 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[WLL]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=566</guid>
		<description><![CDATA[Whiting Petroleum Corp. (WLL) continues to reap big profits from higher energy prices. The company&#8217;s recently reported second-quarter results were awesome, analysts are projecting strong earnings growth into the next-year period and its share price is trading at a big discount to the overall market. Whiting Petroleum Corp. engages in the exploration and production of oil and gas in the United States. The company was founded in 1983, has a market cap of $3.57 billion and is headquartered in Denver, Colorado. Industry Trend Energy stocks have traded lower over the last 2 months in reaction to oil prices dropping from $147 a barrel to current prices around $110 a barrel. This has provided some much desired relief to consumers, but on a historical basis, oil prices are still incredibly high, ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2008/10/07/wll-whiting-petroleum-next-year-estimate-is-bullish-as-well-pegged-at-933-per-share-a-13-earnings-growth-3/566/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
		<item>
		<title>(HP) &#8211; Helmerich &amp; Payne &#8211; 8 of 9 covering analysts have estimates pegged at $5.30 per share</title>
		<link>http://www.stockbloghub.com/2008/09/15/hp-helmerich-payne-8-of-9-covering-analysts-have-estimates-pegged-at-530-per-share-3/516</link>
		<comments>http://www.stockbloghub.com/2008/09/15/hp-helmerich-payne-8-of-9-covering-analysts-have-estimates-pegged-at-530-per-share-3/516#comments</comments>
		<pubDate>Mon, 15 Sep 2008 23:04:54 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[HP]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=516</guid>
		<description><![CDATA[Helmerich &#38; Payne, Inc. (HP), a Zacks #1 Rank (“strong buy”) company, posted record net income of $125.4 million for the third quarter, compared to the previous year’s $115.2 million. The oil &#38; gas driller missed Wall Street earnings expectations only once over the past five consecutive quarters and, on average, was 5.6% ahead of the estimates during those quarters. Company Description Helmerich &#38; Payne, Inc. is primarily a contract drilling company, engaging in the contract drilling of oil and gas wells in the United States and internationally. The company provides drilling rigs, equipment, personnel, and camps on a contract basis to explore for and develop oil and gas from onshore areas and from fixed platforms, tension-leg platforms, and spars in offshore areas. Quarterly Results Reflect Growth The company released ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2008/09/15/hp-helmerich-payne-8-of-9-covering-analysts-have-estimates-pegged-at-530-per-share-3/516/feed</wfw:commentRss>
		<slash:comments>0</slash:comments>
		</item>
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		<title>(UNT) &#8211; Unit Corporation &#8211; able to achieve a 21% increase in its total oil and natural gas production</title>
		<link>http://www.stockbloghub.com/2008/08/23/unt-unit-corporation-able-to-achieve-a-21-increase-in-its-total-oil-and-natural-gas-production/353</link>
		<comments>http://www.stockbloghub.com/2008/08/23/unt-unit-corporation-able-to-achieve-a-21-increase-in-its-total-oil-and-natural-gas-production/353#comments</comments>
		<pubDate>Sat, 23 Aug 2008 23:09:11 +0000</pubDate>
		<dc:creator>Shawn</dc:creator>
				<category><![CDATA[Basic Materials]]></category>
		<category><![CDATA[Featured]]></category>
		<category><![CDATA[Oil & Gas Drilling & Exploration]]></category>
		<category><![CDATA[UNT]]></category>

		<guid isPermaLink="false">http://www.stockbloghub.com/?p=353</guid>
		<description><![CDATA[Unit Corporation&#8217;s (UNT) share price recently reversed its downward slide, bouncing from a key level and once again initiating its upward trajectory. The company&#8217;s second-quarter results were awesome, and based upon analyst earnings projections, this stock looks very undervalued trading at these levels. Unit Corporation operates as a contract drilling company. Unit is involved in the exploration of both crude and natural gas. The company was founded in 1963, has a market cap of $3.22 billion and is headquartered in Tulsa, Oklahoma. In spite of the fact that oil has recently traded lower from its high of $147 a barrel, prices are still very high compared to historical norms. This dynamic continues to translate into big profits for energy company, and that was apparent when unit reported impressive second-quarter results ]]></description>
		<wfw:commentRss>http://www.stockbloghub.com/2008/08/23/unt-unit-corporation-able-to-achieve-a-21-increase-in-its-total-oil-and-natural-gas-production/353/feed</wfw:commentRss>
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