oil and gas

Drilling Rig

As Rig Count Falls, Hedge Funds Pile Into Long Crude Futures

In the week ended February 27, the total number of rigs drilling for oil in the United States came in at 986, compared with 1,019 in the prior week and ...
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How Low Crude Prices Affect Nations, States and Companies

It probably goes without saying, but an oil and gas production company’s value rises and falls primarily on the value of the resources it is sitting on. When oil is ...
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Kinder Morgan pipeline

Why Analysts Think Gulfport Energy Is a Big Buy

Gulfport Energy Corp. (NASDAQ: GPOR) reported its fourth-quarter earnings this week, as well as an update on its proved reserves. The company had 933.6 billion cubic feet equivalent (BCFE) of ...
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Offshore drill rig

Transocean and Seadrill Find Minimal Salvation After Earnings

Both Transocean Ltd. (NYSE: RIG) and Seadrill Ltd. (NYSE: SDRL) reported their fourth-quarter financial results this week. Transocean’s results came after the markets closed Wednesday, and Seadrill reported before the markets ...
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Blue flames of a gas stove

Natural Gas Price Drops 4% on Low Storage Withdrawal

The U.S. Energy Information Administration (EIA) reported Thursday morning that U.S. natural gas stocks decreased by 219 billion cubic feet for the week ending February 20. Estimates called for a ...
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Railroad Oil Tank Cars

Short Sellers Betting the Farm Against Big Oil Stocks

Oil prices made a slight recovery on the last short interest report, but it seems that the industry has slid back, and common sense would say that short sellers have ...
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Crude Oil Price Slips as Supplies Continue to Surge

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report Wednesday morning. U.S. commercial crude inventories increased by 8.4 million barrels last week, maintaining a total U.S. commercial ...
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Oil refinery

HollyFrontier Posts Loss on Massive Write-Down

Oil refiner HollyFrontier Corp. (NYSE: HFC) reported fourth-quarter and full-year 2014 earnings before markets opened Wednesday. For the quarter, the company reported a diluted loss per share of $1.13 on ...
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chesapeake-energy-logo

Chesapeake Earnings Falter on Collapsing Prices, Capex Slashed

Chesapeake Energy Corp. (NYSE: CHK) reported fourth-quarter and full-year 2014 earnings before markets opened Wednesday. For the quarter, the oil and gas exploration and production company posted adjusted diluted earnings ...
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Offshore drill rig

The Easy Oil Is Gone, So Where Do We Look Now?

By Andrew Topf of Oilprice.com In 2008, Canadian economist Jeff Rubin stunned the oil market with a bold prediction: With the world economy growing at 5 percent a year, oil ...
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Oil spill

Is Oil Returning to $100 or Dropping to $10?

By Martin Tillier for Oilprice.com If you have been following the price of oil over the last few months, the chances are you're a little confused. On the one hand ...
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Private Equity Bottom Fishing in Oil and Gas, Sign of a Bottom?

If you live in a city or state where the local economy is dependent on or is massively enhanced by the oil and gas sector, it is an understatement to ...
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Exxon Mobil Logo

What Exxon Reserves Replacement Numbers Really Mean

The world’s largest publicly traded oil company, Exxon Mobil Corp. (NYSE: XOM), reported Monday morning that it had replaced 104% of the hydrocarbons it produced in 2014. At the end ...
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Texas Capitol

Texas Business and Manufacturing Suffers Further From Low Oil Prices

The Federal Reserve Bank of Dallas has released its Texas Manufacturing Outlook Survey for the month of February. Many Texans have hoped that Texas is not as reliant on the ...
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5 Oil Stocks Analysts Want You to Buy Now

The recent drop in oil prices has created a situation that is very complex for investors. Oil has become cheap again and the stocks tracking the oil and gas sector ...
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