All Posts Tagged With: "UPL"
(EIA) U.S. Energy Department Reports Natural Gas Surplus Shrinks
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, as mild temperatures in parts of the country have restricted the commodity’s requirement for power burn. The injection – the ninth in 2012 – has...
(BHI) U.S. Oil Drilling Rigs Scale New Peak
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be attributed...
(EIA) Natural Gas Prices Continue to Sink
The U.S. Energy Department’s weekly inventory release showed an in-line increase in natural gas supplies, as maintenance on two nuclear units in Southern California led to increased natural gas demand in the region.
However, this is largely seen as a one-off shot,...
(BHI) Natural Gas Rig Count Lowest Since 2002
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be primarily...
(EIA) Natural Gas Woes: No End in Sight
The U.S. Energy Department’s weekly inventory release showed a smaller-than-expected increase in natural gas supplies, as pipeline imports from Canada declined.
However, this is largely seen as a one-off shot, with mild April temperatures across the country restricting...
(BHI) Oil Rig Count Highest Since 1987
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This...
(CHK) Nat Gas Stocks in Record Territory
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected increase in natural gas supplies, as record-warm March temperatures across the country have restricted the commodity’s requirement for power burn. In fact, the second injection of 2012...
(BHI) U.S. Natural Gas Rig Count Lowest in 10 Years
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This...
(APC) U.S. Natural Gas Inventory Builds For The First Time in 2012
The U.S. Energy Department’s weekly inventory release showed an in-line build-up in natural gas supplies, as record-warm March temperatures across the country have restricted the commodity’s requirement for power burn. In fact, the first injection of 2012 has added...
(EIA) Natural Gas Storage Still Abundant
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in natural gas supplies, as imports from Canada declined. However, this is largely seen as a one-off shot, with warmer-than-normal temperatures across most of the country restricting...
(BHI) Natural Gas Drilling Rig Count at 10-Yr Low
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country). This can be attributed...
(DVN) U.S. Natural Gas Supplies Remain Bloated
The U.S. Energy Department’s weekly inventory release showed a lower-than-expected drop in natural gas supplies, as warmer-than-normal temperatures across the country have restricted the commodity’s requirement for power burn. In fact, gas stocks – currently some...
(BHI) U.S. Oil Rig Count Hits 25-Year High
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a rise in the U.S. rig count (number of rigs searching for oil and gas in the country), reflecting...
(CHK) Natural Gas Report Shows Smaller Drop
The U.S. Energy Department’s weekly inventory release showed a lower-than-expected drop in natural gas supplies, as warmer-than-normal temperatures across the country have restricted the commodity’s requirement for power burn. In fact, gas stocks – currently some...
(BHI) U.S. Oil Drilling Rig Count Falls 13 Units
In its weekly release, Houston-based oilfield services company Baker Hughes Inc. (BHI) reported a dip in the U.S. rig count (number of rigs searching for oil and gas in the country). This...
(ECN) Natural Gas Environment Still Weak
The U.S. Energy Department’s weekly inventory release showed a larger-than-expected drop in natural gas supplies, as production remained flat and pipeline imports from Canada declined. However, this is largely seen as a one-off shot, with warmer-than-normal temperatures...
(RRC) Range Resources’ Production Reaches New High
In an interim update, independent oil and gas operator, Range Resources Corporation (RRC) announced that it achieved record production in the fourth quarter of 2011. The production increased 16% on both a...
(LNG) Will Natural Gas Rebound This Year?
Among the most commonly asked questions by energy investors this new year is: will low natural gas prices continue in 2012 or will we see a durable rebound in prices from their multi-year plight?
From a peak of about $13.60 per million British thermal units (MMBtu)...
(UPL) Ultra Petroleum Beats Expectations – Keeps Forward View
Natural gas producer Ultra Petroleum Corp. (UPL) has reported impressive third quarter 2011 results, buoyed by higher volumes from Wyoming and Pennsylvania regions along with reduced transportation charges...
(RRC) Range Resources Beats Estimates – Raises Guidance
Range Resources Corp. (RRC) has reported stellar third-quarter 2011 results, buoyed by higher production level and realized prices along with lower unit costs. The company posted adjusted...
(SM) SM Energy Trims Eagle Ford Acres
U.S. oil and gas development company, SM Energy Company (SM) will sell a 12.5% working interest in its non-operated Eagle Ford Shale acreage in Texas to a subsidiary of Mitsui & Co. Ltd.
Mitsui will...
(UPL) Ultra Petroleum Quarterly Earnings Miss Expectations
Natural gas producer Ultra Petroleum Corp. (UPL) reported marginally weaker-than-expected first quarter 2011 results, hurt by lower prices.
Earnings per share, excluding special items,...
(RRC) Range Resources Earnings Report Blows Past Estimates
Range Resources Corp. (RRC) reported better-than-expected adjusted first-quarter 2011 earnings of 22 cents per share compared with the Zacks Consensus Estimate of 5 cents and the year-earlier profit of 16...
(UPL) Ultra Petroleum Announces Record Quarterly Production
Natural gas producer Ultra Petroleum Corp. (UPL) reported in-line first quarter 2010 results, primarily due to increased production combined with stronger commodity prices. Earnings per share, excluding special...
(UPL) Ultra Petroleum Corporation Profit Up – Beats Views
Natural gas producer Ultra Petroleum Corp.’s (UPL) fourth quarter results came in better than expected, primarily due to increased production that was partly offset by lower realized natural gas prices....
(UPL) Ultra Petroleum Analyst Coverage Initiated at Neutral
We are initiating coverage on Ultra Petroleum Corp. (UPL) with a Neutral recommendation and a target price of $55.
Houston, Texas-based Ultra Petroleum is an independent energy firm engaged in the acquisition,...
(UPL) Ultra Petroleum Corporation Adds Properties to Marcellus Shale Region
Natural gas producer Ultra Petroleum Corporation (UPL) has agreed to buy additional properties in the Marcellus Shale region of Pennsylvania from an unnamed private company for $400 million. The deal, which...
(UPL) Ultra Petroleum Corporation’s Earnings Impress
Natural gas producer Ultra Petroleum Corporation’s (UPL) third quarter results came in better than expected, primarily due to increased production. Earnings per share, excluding...