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Revenue rises 23% from 3Q10, income up 41% over same periodRevenues in the fourth quarter of 2011 fell 6% from the previous quarter but increased by 12% over the same quarter in 2010 for the group of publicly-traded, US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal. |
Part 1: Oil and gas company valuation, reserves, and productionThe primary determinants of the value of an oil and gas company are its reserves, level of production, and commodity price at the time of assessment. |
Revenue rises 23% from 3Q10, income up 41% over same periodRevenues in the third quarter of 2011 dipped 3% over the second quarter but were still up 23% over the same quarter in 2010 for the group of publicly-traded, US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal. |
Industry Briefs |
Shale and deepwater investments spur Anadarko to record volumes
AN INTERVIEW WITH ANADARKO PETROLEUM'S JAMES T. HACKETT
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Shale and deepwater investments spur Anadarko to record volumes
AN INTERVIEW WITH ANADARKO PETROLEUM'S JAMES T. HACKETT
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1Q2011 revenues rise 21%, net income increases by 13%
Revenues in the first quarter of 2011 surged by 21% over the first quarter of last year and were up 13% over the prior quarter for the group of companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal.
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BREAKING NEWS: BHP Billiton to buy Petrohawk for $15.1 billionAustralia’s BHP Billiton Ltd. said July 14 that it will buy Houston-based Petrohawk Energy Corp. for US$12.1 billion in an all-cash offer and will also assume about $3 billion in Petrohawk’s debt. |
Revenues increase by 5%, Net income dips 4% in 4Q
Revenue nudged upwards by 5% in the fourth quarter of 2010 compared with the prior quarter and was up 12% over the fourth quarter of 2009 for the group of companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal. Net income for this same group of companies fell by 4% compared to the prior quarter, but increased by 32% over the same quarter in 2009.
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SandRidge Energy's $900M offering could increase liquidity by $192MOklahoma City-based SandRidge Energy Inc. increased its previously announced private placement offering of Senior Notes from $700 million to $900 million, potentially increasing the company’s liquidity by approximately $192 million. |