From Noble Energy today:
Key highlights for the second quarter of 2014 include:
From EQT Corp. today:
PITTSBURGH--(BUSINESS WIRE)--EQT Corporation (NYSE: EQT) today announced second quarter 2014 net income attributable to EQT of $110.9 million, or $0.73 per diluted share, compared to second quarter 2013 earnings of $86.9 million, or $0.57 per diluted share. Adjusted earnings for the second quarter 2014, excluding the impact of a few items including a $37.7 million gain on the Nora asset exchange, were $88.3 million, or $0.58 per diluted share – which was 3% higher than the $85.5 million, or $0.56 per diluted share last year. Adjusted operating cash flow in the quarter was $317.2 million, compared to $319.1 million; and adjusted cash flow per share was $2.08, compared to $2.11. The Non-GAAP financial measures are reconciled in the Non-GAAP Disclosures section of this news release.
Second Quarter Highlights 2014 vs. 2013:
EQT’s second quarter 2014 operating income was $224.8 million. Adjusted operating income was 16% higher than the prior year, primarily due to increases in production sales volume, contracted transmission capacity, and gathered volume, and partially offset by a 10% lower average realized price. Net operating revenues increased 9% to $474.4 million in the quarter, while net operating expenses increased only 4% to $287.4 million.To read more or comment...
From Cabot Oil & Gas Corp. today:
Second Quarter 2014 Financial Results
Equivalent production in the second quarter of 2014 was 127.6 Bcfe, consisting of 121.8 billion cubic feet (Bcf) of natural gas and 961,000 barrels of liquids. These figures represent increases of 34 percent, 34 percent, and 26 percent, respectively. "Our total liquids volumes increased 40 percent sequentially—with crude oil and condensate volumes increasing 44 percent—due to strong well performance from new Eagle Ford wells that were placed on production during the quarter," commented
From the U.S. Energy Information Administration today:
July 24, 2014
U.S. refineries have been processing record volumes of oil recently. Refinery inputs hit a record-high 16.8 million barrels per day (bbl/d) in each of the past two weeks, exceeding the previous record from summer 2005. Refineries in the Midwest and Gulf Coast in particular pushed the total U.S. input volume upward, as these refiners' access to lower-cost crude oil, expansions of refining capacity, and increases in both domestic demand and exports contributed to higher refinery runs.To read more or comment...
From the American Petroleum Institute:
WASHINGTON, July 23, 2014 – The American Petroleum Institute today rebutted speculation by the Department of Transportation about the characteristics of crude oil from the Bakken.
“The best science and data do not support recent speculation that crude oil from the Bakken presents greater than normal transportation risks,” said API President and CEO Jack Gerard. “Multiple studies have shown that Bakken crude is similar to other crudes.
“DOT needs to get this right and make sure that its regulations are grounded in facts and sound science, not speculation.”
API represents all segments of America’s oil and natural gas industry. Its more than 600 members produce, process, and distribute most of the nation’s energy. The industry also supports 9.8 million U.S. jobs and 8 percent of the U.S. economy.
Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.
Rig Count Interactive Map by Baker Hughes, an energy services company.
Shale Sheet Fracking, a Youngstown Vindicator blog.
The Ohio Environmental Council, a statewide eco-group based in Columbus.
Earthjustice, a national eco-group.
People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.
Concerned Citizens of Medina County, a grass-roots group.
No Frack Ohio, a Columbus-based grass-roots group.
Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.
Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.
Allegheny Front, environmental public radio for Western Pennsylvania.