Standard Life Aberdeen plc cut its holdings in Realty Income Corp (NYSE:O) by 8.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 870,290 shares of the real estate investment trust’s stock after selling 84,762 shares during the period. Standard Life Aberdeen plc owned approximately 0.30% of Realty Income worth $46,814,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of O. American International Group Inc. raised its stake in shares of Realty Income by 0.9% during the first quarter. American International Group Inc. now owns 107,816 shares of the real estate investment trust’s stock valued at $5,577,000 after acquiring an additional 994 shares during the last quarter. Palladium Partners LLC raised its stake in shares of Realty Income by 21.3% during the first quarter. Palladium Partners LLC now owns 5,700 shares of the real estate investment trust’s stock valued at $295,000 after acquiring an additional 1,000 shares during the last quarter. State Treasurer State of Michigan raised its stake in shares of Realty Income by 1.3% during the first quarter. State Treasurer State of Michigan now owns 83,724 shares of the real estate investment trust’s stock valued at $4,331,000 after acquiring an additional 1,100 shares during the last quarter. Griffin Asset Management Inc. raised its stake in shares of Realty Income by 7.8% during the first quarter. Griffin Asset Management Inc. now owns 15,935 shares of the real estate investment trust’s stock valued at $824,000 after acquiring an additional 1,148 shares during the last quarter. Finally, IHT Wealth Management LLC raised its stake in shares of Realty Income by 13.9% during the first quarter. IHT Wealth Management LLC now owns 9,486 shares of the real estate investment trust’s stock valued at $485,000 after acquiring an additional 1,155 shares during the last quarter. 68.20% of the stock is owned by institutional investors and hedge funds.
Top 10 Energy Stocks To Watch For 2021: SandRidge Permian Trust(PER)
Sandridge Permian Trust (the Trust), incorporated on May 12, 2011, is a statutory trust. The Trust holds Royalty Interests in specified oil and natural gas properties in the Permian Basin located in Andrews County, Texas (the Underlying Properties). The Trust’s business activities are generally limited to owning the Royalty Interests, and entering into hedging arrangements at the inception of the Trust and activities related thereto, including activities required or permitted by the terms of the conveyances related to the Royalty Interests. The Trust’s properties consist of Royalty Interests in the initial wells and over 860 additional wells (equivalent to over 890 trust development wells under the development agreement) that are drilled and perforated for completion. The Royalty Interests are in properties located in the greater Fuhrman-Mascho field, a field in Andrews County, Texas that produces oil primarily from the Grayburg/San Andres formation in the Permian Basin. The Permian Basin extends throughout southwestern Texas and southeastern New Mexico over an area approximately 250 miles wide and over 300 miles long.
The Royalty Interests entitle the Trust to receive over 80% of the proceeds from the sale of oil, natural gas and natural gas liquids (NGLs) production attributable to SandRidge Energy, Inc. (SandRidge)’s net revenue interest in over 520 oil and natural gas wells developed, including over 20 wells awaiting completion at the time and over 70% of the proceeds from the sale of oil, natural gas and NGL production attributable to SandRidge’s net revenue interest in over 890 development wells drilled within an area of mutual interest (AMI). SandRidge sells oil, natural gas and NGL from the Underlying Properties to a range of customers, including oil and natural gas companies, and trading and energy marketing companies.
- [By Max Byerly]
Media coverage about SandRidge Permian Trust (NYSE:PER) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. SandRidge Permian Trust earned a coverage optimism score of 0.04 on Accern’s scale. Accern also gave news headlines about the oil and gas producer an impact score of 46.3601951962152 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Top 10 Energy Stocks To Watch For 2021: Recon Technology, Ltd.(RCON)
Recon Technology, Ltd. provides hardware, software, and on-site services to companies in the petroleum mining and extraction industry in the Peoples Republic of China. It offers equipment, tools, and other hardware related to oilfield production and management; and develops and sells industrial automation control and information solutions. The company provides oil and gas production and transportation equipment, such as heating furnaces and burners. It also offers oil and gas production increasing techniques comprising packers of fracturing; production packers; sand prevention in oil and water wells; water locating and plugging techniques; fissure shaper; fracture acidizing technique; and electronic broken-down service to resolve block-up and freezing problems. In addition, the company provides automation systems and services, including pumping unit controller that monitors the pumping units and collects data; RTU to monitor natural gas wells and collect gas well pressure data; wireless dynamometers and wireless pressure gauges; electric multi-way valves for oilfield metering station flow control; and natural gas flow computer systems. Further, it offers Recon SCADA oilfield monitor and data acquisition system for supervision and data collection; EPC service of pipeline SCADA system for pipeline monitoring and data acquisition; EPC service of oil and gas wells SCADA system for monitoring and data acquisition of oil wells and natural gas wells; EPC service of oilfield video surveillance and control system to control the oil and gas wellhead and measurement station areas; and technique service for digital oilfield transformation. The company was incorporated in 2007 and is headquartered in Beijing, the Peoples Republic of China.
- [By Shane Hupp]
Media coverage about Recon Technology (NASDAQ:RCON) has been trending positive recently, Accern Sentiment reports. The research firm rates the sentiment of media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Recon Technology earned a media sentiment score of 0.27 on Accern’s scale. Accern also assigned media headlines about the oil and gas company an impact score of 44.9374991541436 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Top 10 Energy Stocks To Watch For 2021: Noble Energy Inc.(NBL)
Noble Energy, Inc., incorporated on December 29, 1969, is an independent energy company engaged in crude oil, natural gas and natural gas liquids (NGLs) exploration and production. The Company’s portfolio is diversified between short-term and long-term projects, domestic and international and a balanced production mix among crude oil, natural gas and NGLs. The Company operates in approximately seven core areas, including the DJ Basin (onshore United States), the Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), the deepwater Gulf of Mexico (offshore United States), offshore West Africa and offshore Eastern Mediterranean. The Company’s sanctioned projects include DJ Basin (onshore United States), Marcellus Shale (onshore United States), Eagle Ford Shale (onshore United States), Permian Basin (onshore United States), Gunflint (deepwater Gulf of Mexico) and Tamar Southwest (offshore Israel). Its operations are grouped into approximately four components that are all primarily in the business of crude oil, natural gas and NGL exploration, development, production and acquisition: the United States; West Africa (Equatorial Guinea, Cameroon and Gabon); Eastern Mediterranean (Israel and Cyprus), and Other International and Corporate. Other International includes the Falkland Islands, Suriname, the North Sea and China, and new ventures. Its proved reserves are approximately 1,420 million barrels oil equivalent.
The Company searches for crude oil and natural gas properties onshore and offshore, and seeks to acquire exploration rights and conduct exploration activities in various areas of interest. The Company’s properties consist primarily of interests in developed and undeveloped crude oil and natural gas leases and concessions. The Company also owns natural gas processing plants and natural gas gathering systems and other crude oil and natural gas-related pipeline systems. These assets are primarily used in the processing and ! transportation of its crude oil, natural gas and NGL production. The Company conducts exploration activities in domestic and international locations, including the deepwater Gulf of Mexico, offshore West Africa and offshore the Falkland Islands.
The Company’s assets in the United States include DJ Basin, Marcellus Shale, Eagle Ford Shale, Deepwater Gulf of Mexico and Other Onshore US. DJ Basin is a United States crude oil resource play. DJ Basin covers an area of approximately 396,000 net acres. The Marcellus Shale contains natural gas resources. The Company has a 50-50 joint development agreement with CONSOL Energy Inc. (CONSOL) in approximately 700,000 gross acres in southwest Pennsylvania and northwest West Virginia. The Company operates the wet gas (natural gas containing more liquid hydrocarbons) development area in Majorsville, West Virginia and Southwest Pennsylvania, and Moundsville, Shirley and Oxford, West Virginia, while CONSOL primarily operates in the dry gas (natural gas containing less liquid hydrocarbons) development area. The Company and CONSOL also operate CONE Gathering LLC (CONE Gathering), which constructs, owns and operates midstream infrastructure servicing its joint production and is the general partner controlling interest in CONE Midstream Partners. It also operates Eagle Ford Shale and Permian Basin. The Company operates in various onshore United States areas, including Rocky Mountains and Bowdoin (north central Montana). The Company holds leases on approximately 100 deepwater Gulf of Mexico blocks, representing approximately 39,000 net developed acres and approximately 329,000 net undeveloped acres.
West Africa (Equatorial Guinea, Cameroon and Gabon)
The Company’s onshore West Africa is one of the core operating areas and includes the Alba field, Block O and Block I offshore Equatorial Guinea, the YoYo mining concession and Tilapia PSC, offshore Cameroon and one block offshore Gabon. The Company holds approxima! tely 118,! 000 net developed acres and over 30,000 net undeveloped acres in Equatorial Guinea, over 511,000 net undeveloped acres in Cameroon and approximately 403,000 net undeveloped acres in Gabon. Aseng is a crude oil field on Block I, offshore Equatorial Guinea and includes over five horizontal wells. Alen is a natural gas and condensate field primarily on Block O, offshore Equatorial Guinea, which includes approximately three horizontal wells and over three natural gas injection wells connected to a production platform that utilizes the Aseng FPSO for storage and offloading. The Company has over 34% non-operated working interest in the Alba field, offshore Equatorial Guinea. Its operations include the Alba field and related production and condensate storage facilities, a liquefied petroleum gas (LPG) processing plant where additional condensate is extracted along with LPGs, and a methanol plant capable of producing approximately 3,100 gross metric tons per day. The Company has an interest in over one million gross undeveloped acres offshore Cameroon, which include the YoYo mining concession and Tilapia PSC. The West Africa natural gas project includes the 2007 Yolanda discovery (Block I) and 2008 Felicita discovery (Block O), offshore Equatorial Guinea, and the YoYo discovery, offshore Cameroon, and associated natural gas from Aseng and Alen, offshore Equatorial Guinea. The Company operates Block F15, an undeveloped, ultra-deep water area, covering approximately 671,000 gross acres.
Eastern Mediterranean (Israel and Cyprus)
The Company’s leasehold position in the Eastern Mediterranean includes approximately eight leases and three licenses operated offshore Israel and over one license operated offshore Cyprus. It holds approximately 80,000 net developed acres and over 261,000 net undeveloped acres located between 10 and 90 miles offshore Israel in water depths ranging from 700 feet to 6,500 feet. The license offshore Cyprus covers approximately 464,000 net undeveloped acres adjacent t! o its Isr! ael acreage.
Other International includes the Falkland Islands, Suriname and new ventures. It has no proved reserves.
- [By Motley Fool Transcribers]
Noble Energy Inc (NYSE:NBL)Q4 2018 Earnings Conference CallFeb. 19, 2019, 9:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Reuben Gregg Brewer]
The shares of China Petroleum & Chemical (NYSE:SNP), also known as Sinopec, rose 18% in January, according to data provided by S&P Global Market Intelligence. Not far behind were Canadian oil companies Vermilion Energy (NYSE:VET), with a global asset portfolio, and Suncor Energy (NYSE:SU), a Canadian oil sands specialist, with gains of 16% and 15%, respectively. U.S. based Noble Energy (NYSE:NBL), however, led this international quartet with a 19% leap. Noble’s portfolio is global, but it has a material position in the U.S. onshore drilling space.
- [By Matthew DiLallo]
Noble Midstream (NYSE:NBLX) has a bold plan to grow its already impressive 7.4%-yielding distribution to investors by 20% per year all the way through 2022, which is one of the fastest rates in the midstream sector. Driving that growth would be the expansion of the company’s oil and gas gathering system to support the anticipated increase in production from customers like its parent, Noble Energy (NYSE:NBL).
Top 10 Energy Stocks To Watch For 2021: World Fuel Services Corporation(INT)
World Fuel Services Corporation, incorporated on July 20, 1984, is a fuel logistics, transaction management and payment processing company. The Company provides energy management solutions to the aviation, marine and land transportation industries. The Company operates through three segments: aviation, marine and land. The aviation segment offers fuel and related services to commercial airlines second and third-tier airlines, cargo carriers, regional carriers, airports, fixed based operators, corporate fleets, fractional operators, private aircraft, military fleets and to the United States and foreign Governments, as well as intergovernmental organization. The marine segment offers fuel, lubricants, and related products and services to a base of marine customers, including international container and tanker fleets, commercial cruise lines, yachts and time-charter operators, the United States and foreign Governments, as well as other fuel suppliers. The land segment offers fuel, lubricants, and related products and services to petroleum distributors operating in the land transportation market, retail petroleum operators, and industrial, commercial, residential and government customers.
The Company’s aviation segment offers services, which include fuel management, price risk management, ground handling and around the clock global dispatch services. It also arranges and provides international trip planning, including flight plans, weather reports and overflight permits. In addition, it offers card payment solutions and related processing services.
The Company’s marine segment offers marine fuel related services, which include management services for the procurement of fuel, cost control through the use of price hedging instruments, quality control, claims management, and card payment solutions and related processing services. The Company also sells fuel from its inventory, which it maintains in certain locations in storage facilities tha! t it owns or leases. The marine segment’s activity consists of spot sales. It also contracts with third parties to provide various services for its customers, including fueling of vessels in port and at sea, and transportation and delivery of fuel and fuel-related products.
The Company’s land segment provides land related services, which include management services for the procurement of fuel and price risk management. It conducts these activities in the United States, as well as parts of the United Kingdom and Brazil. It offers transaction management services, which include card payment solutions, merchant processing services, payment solutions for tolls across Europe, government payment systems for global fuel procurement, and commercial payment programs in the land transportation industry. In connection with its fuel marketing activities, the Company serves as a reseller and purchases fuel from a supplier and contemporaneously resells it to its customers through spot and contract sales. It also maintains inventory in certain locations, including pipelines.
- [By Ethan Ryder]
World Fuel Services Corp (NYSE:INT) – Equities research analysts at Seaport Global Securities issued their Q1 2020 earnings per share (EPS) estimates for World Fuel Services in a research report issued to clients and investors on Thursday, March 7th. Seaport Global Securities analyst K. Sterling forecasts that the oil and gas company will earn $0.56 per share for the quarter. Seaport Global Securities currently has a “Buy” rating and a $40.00 target price on the stock. Seaport Global Securities also issued estimates for World Fuel Services’ Q2 2020 earnings at $0.60 EPS, Q3 2020 earnings at $0.80 EPS, Q4 2020 earnings at $0.74 EPS and FY2020 earnings at $2.70 EPS.
- [By Motley Fool Transcribers]
World Fuel Services Corp (NYSE:INT)Q4 2018 Earnings Conference CallFeb. 21, 2019, 5:00 p.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Ethan Ryder]
Get a free copy of the Zacks research report on World Fuel Services (INT)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Shane Hupp]
Royce & Associates LP cut its position in shares of World Fuel Services Corp (NYSE:INT) by 38.8% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 236,227 shares of the oil and gas company’s stock after selling 149,743 shares during the quarter. Royce & Associates LP owned 0.35% of World Fuel Services worth $4,821,000 as of its most recent filing with the SEC.
Top 10 Energy Stocks To Watch For 2021: Patterson-UTI Energy, Inc.(PTEN)
Patterson-UTI Energy, Inc., incorporated on October 14, 1993, owns and operates fleets of land-based drilling rigs and a fleet of pressure pumping equipment in the United States. The Company operates in three segments: Contract Drilling, Pressure Pumping, and Oil and Natural Gas. The Company provides contract drilling services to oil and natural gas operators in the continental United States, and western and northern Canada. The Company provides pressure-pumping services to oil and natural gas operators. The Company also invests in oil and natural gas properties.
The Company’s Contract Drilling segment markets its contract drilling services to oil and natural gas operators. The Company has approximately 220 land-based drilling rigs based in regions, which include approximately 50 in west Texas and southeastern New Mexico; approximately 20 in north central and east Texas, and northern Louisiana; approximately 40 in the Rocky Mountain region, including Colorado, Utah, Wyoming, Montana and North Dakota; approximately 40 in south Texas; approximately 30 in western Oklahoma; approximately 40 in the Appalachian region, including Pennsylvania, Ohio and West Virginia, and approximately 10 in western and northern Canada. Of these drilling rigs, approximately 200 are electric rigs and approximately 20 are mechanical rigs. Its drilling rigs are equipped with engines, drawworks, masts and pumps to circulate the drilling fluid, blowout preventers, drill pipe and other related equipment.
The Company’s Pressure Pumping segment provides pressure-pumping services to oil and natural gas operators in Texas and the Appalachian region. Pressure pumping services consist of well stimulation, such as hydraulic fracturing and cementing for the completion of wells and remedial work on existing wells. The Company pressure pumping equipment is used in providing hydraulic and nitrogen fracturing services, as well as nitrogen, cementing and acid! pumping services with a total of approximately one million hydraulic horsepower.
Oil and Natural Gas
The Company’s Oil and Natural Gas segment owns and invests in oil and natural gas assets as a non-operating working interest owner. The Company’s oil and natural gas working interests are located in producing regions of Texas and New Mexico.
- [By Joseph Griffin]
Get a free copy of the Zacks research report on Patterson-UTI Energy (PTEN)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
- [By Tyler Crowe]
The oil services industry, as a whole, has been a challenging one over the past few years as exploration and production companies have drastically scaled back capital spending. Within the industry, the two segments that have been some of the most difficult to make money in are drilling and pressure pumping (fracking). For Patterson-UTI Energy (NASDAQ:PTEN), weakness in these segments has been a double-whammy because they are Patterson’s two largest businesses. This past quarter was particularly tough because many producers finished their capital spending plans for 2018 early and might not start back up again until later in 2019.
Top 10 Energy Stocks To Watch For 2021: ENSERVCO Corporation(ENSV)
Enservco Corporation, through its subsidiaries, provides oil field services to the onshore oil and natural gas industry in the United States. It offers well enhancement services, such as hot oiling, acidizing, frac water heating, and pressure testing; fluid management services, including water transfer, water treatment, water/fluid hauling, frac tank rental, and disposal services; and well site construction and roustabout services, as well as other general oilfield services. The company owns and operates a fleet of approximately 340 specialized trucks, trailers, frac tanks, and other well-site related equipment. It operates in the Eastern United States region comprising the Southern region of the Marcellus Shale formation and the Utica Shale formation in eastern Ohio; Rocky Mountain Region consisting of western Colorado and southern Wyoming, central Wyoming, and western North Dakota and eastern Montana; and the Central United States region, including southwestern Kansas, Texas panhandle, northwestern Oklahoma, and the Eagle Ford Shale in south Texas. The company was founded in 1974 and is headquartered in Denver, Colorado.
- [By Logan Wallace]
Enservco (NYSEAMERICAN:ENSV) will be issuing its quarterly earnings data before the market opens on Wednesday, May 9th.
Enservco (NYSEAMERICAN:ENSV) last issued its earnings results on Thursday, March 22nd. The oil and gas producer reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.03). Enservco had a negative return on equity of 89.94% and a negative net margin of 43.71%. The business had revenue of $14.13 million during the quarter.
Top 10 Energy Stocks To Watch For 2021: Geopark Ltd(GPRK)
GeoPark Limited engages in the exploration, development, and production of oil and gas reserves in Chile, Colombia, Brazil, and Argentina. As of December 31, 2014, the company had working and/or economic interests in 29 hydrocarbons blocks, as well as shallow-offshore concession in Brazil that includes the Manati Field. It had net proved reserves of 43.7 million barrels of oil equivalent. The company was formerly known as GeoPark Holdings Limited and changed its name to GeoPark Limited in July 2013. GeoPark Limited was founded in 2002 and is based in Santiago, Chile.
- [By Motley Fool Transcribers]
GeoPark Ltd (NYSE:GPRK)Q4 2018 Earnings Conference CallMarch 07, 2019, 9:00 a.m. ET
Prepared Remarks Questions and Answers Call Participants
- [By Shane Hupp]
Lonestar Resources US (NYSE: GPRK) and GeoPark (NYSE:GPRK) are both small-cap oils/energy companies, but which is the superior stock? We will compare the two companies based on the strength of their analyst recommendations, profitability, earnings, dividends, valuation, risk and institutional ownership.
Top 10 Energy Stocks To Watch For 2021: Core Laboratories N.V.(CLB)
Core Laboratories N.V., incorporated on July 8, 1994, is a provider of reservoir description, production enhancement and reservoir management services to the oil and gas industry. The Company’s services and products are directed toward enabling the Company’s clients to improve reservoir performance and increase oil and gas recovery from their producing fields. The Company has over 70 offices in over 50 countries. The Company operates in three segments: Reservoir Description, Production Enhancement and Reservoir Management. These segments provide different services and products and utilize different technologies for improving reservoir performance, and increasing oil and gas recovery from new and existing fields. The Company offers its services through its global network of offices. The Company manufactures products primarily in over four facilities for distribution on a global basis.
The Company’s Reservoir Description segment encompasses the characterization of petroleum reservoir rock, fluid and gas samples. The Company provides analytical and field services to characterize properties of crude oil and petroleum products to the oil and gas industry. The Company provides services that characterize the porous reservoir rock and over three reservoir fluids. Services relating to these fluids include determining quality and measuring quantity of the fluids and their derived products. This includes determining the value of different crude oil and natural gases by analyzing the individual components of complex hydrocarbons. These data sets are used by oil companies to determine the efficient method by which to recover, process and refine these hydrocarbons to produce the value added to crude oil and natural gas.
The Company analyzes samples of reservoir rocks for their porosity, which determines reservoir storage capacity, and for their permeability, which defines the ability of the fluids to flow through the rock. These measurements are used to d! etermine how much oil and gas are present in a reservoir and the rates at which the oil and gas can be produced. The Company also uses its services and technologies to correlate the reservoir description data to wireline logs and seismic data by determining the different acoustic velocities of reservoir rocks containing water, oil and natural gas. These measurements are used in conjunction with the Company’s reservoir management services to develop programs to produce oil and gas from the reservoir.
The Company’s Production Enhancement segment includes products and services relating to reservoir well completions, perforations, stimulations and production. The Company provides integrated services to evaluate the effectiveness of well completions and to develop solutions aimed at increasing the effectiveness of enhanced oil recovery projects. The Company provides diagnostic services and products to help optimize completion and reservoir operations, and field development strategies in order to increase recoverable reserves. The Company provides services that are used by others to develop and optimize hydraulic fracturing and field flood projects. The Company’s data on rock type and strength are critical for determining the proper design of the hydraulic fracturing job. In addition, the Company’s testing indicates whether the fluid slurry is compatible with the reservoir rock so that damage does not occur that would restrict production. The Company also provides testing of various propping agents and software to help pick the best proppant based on net present value calculations of client investments. The Company’s ZERO WASH tracer technology is used to determine that the proppant material is properly placed in the fracture.
SPECTRACHEM is the Company’s technology, which is developed for optimizing hydraulic fracture performance. SPECTRACHEM is used to aid operators in determining the efficiency of the fracture fluids used. SPECTRACHEM tracers al! low opera! tors to evaluate the quantity of fracture fluid that returns to the wellbore during the clean-up period after a hydraulic fracturing event. This technology also allows the Company’s clients to evaluate load recovery, gas breakthrough, fluid leak-off and breaker efficiency, all of which are factors for optimizing oil and/or natural gas production after the formation is hydraulically fractured. The SPECTRACHEM Plus service determines the effectiveness and efficiency of the hydraulic fracture stimulation of long multi-stage horizontal wells in oil- and gas-shale plays throughout North America.
The Company’s completion monitoring system, COMPLETION PROFILER, helps to determine flow rates from reservoir zones after they have been hydraulically fractured. The Company’s FLOWPROFILER service, a hydrocarbon-based tracer technology, which is a further development of the Company’s patented SPECTRACHEM technology, quantifies the hydrocarbon production from discrete segments in multi-stage horizontal well completions and stimulations in unconventional tight-oil or gas plays. The Company has tracers used for oil reservoirs, which are different from the Company’s tracers used for gas reservoirs. FLOWPROFILER technology employs a hydrocarbon-soluble tracer and water-soluble tracer introduced into specific and isolated stages via the stimulating proppant stream.
The Company conducts dynamic flow tests of the reservoir fluids through the reservoir rock, at actual reservoir pressure and temperature, to realistically simulate the actual flooding of a producing zone. The Company uses technologies, such as its Saturation Monitoring by the Attenuation of X-rays (SMAX), to help design the enhanced recovery project. After a field flood is initiated, the Company is involved in monitoring the progress of the flood. The Company’s PACKSCAN technology is used as a tool to evaluate gravel pack effectiveness in an unconsolidated reservoir. PACKSCAN measures the density changes in the area around the tool and ! is design! ed to observe the changes within the gravel pack annulus to verify the completeness of the gravel pack protection of the wellbore without any additional rig time.
The Company’s High Efficiency Reservoir Optimization (HERO), SUPERHERO and SUPERHERO Plus perforating systems enhance reservoir performance. The SUPERHERO and SUPERHERO Plus perforating systems complement the Company’s HERO line, and are designed to optimize wellbore completions and stimulation programs in oil- and gas-shale reservoirs. SUPERHERO and SUPERHERO Plus charges can eliminate the ineffective perforations that would otherwise limit daily oil and natural gas production and hinder the optimal fracture stimulation programs needed for prolific production from the Bakken, Eagle Ford, Marcellus, Niobrara and similar oil- and gas-shale formations.
The Company’s Horizontal Time-Delayed Ballistics Actuated Sequential Transfer (HTD-BLAST) perforating system is a technology useful for the perforation of extended-reach horizontal completions in the Bakken, Eagle Ford, and other shale formations. The HTD-BLAST perforating system can be deployed via coiled tubing and enables over 10 perforating events, beginning at the farthest reaches, or toe regions, of extended-reach horizontal wells, or over 30 perforating events in vertical wellbores. The Company also offers KODIAK Enhanced Perforating Systems energetic technology. The Company’s X-SPAN and GTX-SPAN casing patches are supported by the Company’s technical services personnel. These systems are capable of performing in high pressure oil and gas environments, and are used to seal non-productive reservoir zones from the producing wellbore.
The Company’s Reservoir Management segment combines and integrates information from reservoir description and production enhancement services to increase production and improve recovery of oil and gas from the Company’s clients’ reservoirs. The Company is involved in various large-scale rese! rvoir man! agement projects. It also develops and provides industry consortium studies to provide critical reservoir information to a spectrum of clients, such as the Company’s multi-client, basin-wide reservoir optimization projects conducted in North America and international settings. Many of these studies examine unconventional reservoirs. The Company engineers and manufactures permanent real-time reservoir monitoring equipment that is installed in the reservoir for the Company’s oil and gas company clients. The Company’s non-electronic ERD Pressure and Temperature sensors provide real-time data, which is used by drilling engineers to make real-time decisions, production engineers to optimize production, and reservoir engineers to prove up models and obtain a picture of the reservoir over time.
- [By Joseph Griffin]
COPYRIGHT VIOLATION WARNING: “Core Laboratories (CLB) Shares Sold by Eagle Asset Management Inc.” was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at www.tickerreport.com/banking-finance/4197965/core-laboratories-clb-shares-sold-by-eagle-asset-management-inc.html.
- [By Travis Hoium, Jason Hall, and Matthew DiLallo]
Three of our Foolish contributors put their heads together to outline what the best oil stocks are today given the market’s trends, and Core Laboratories (NYSE:CLB), Anadarko Petroleum (NYSE:APC), and Ensco (NYSE:ESV) bubbled to the top. They’re well positioned in the market and may even provide a great value for long-term investors.
Top 10 Energy Stocks To Watch For 2021: Valero Energy Partners LP(VLP)
Valero Energy Partners LP, incorporated on July 24, 2013, owns, operates, develops and acquires crude oil and refined petroleum products pipelines, terminals, and other transportation and logistics assets. The Company’s assets include crude oil and refined petroleum products pipeline and terminal systems in the United States Gulf Coast and the United States Mid-Continent regions that are integral to the operations of the following Valero Energy Corporation (Valero) refineries, such as Port Arthur Refinery-Port Arthur, Texas; McKee Refinery-Sunray, Texas; Three Rivers Refinery-Three Rivers, Texas; Memphis Refinery-Memphis, Tennessee; Ardmore Refinery-Ardmore, Oklahoma; St. Charles Refinery-Norco, Louisiana; Houston Refinery-Houston, Texas, and Corpus Christi East and West Refineries-Corpus Christi, Texas.
Port Arthur Logistics System
The Company’s Port Arthur logistics system includes its Lucas crude system and its Port Arthur products system. Its Lucas crude system supports diverse and flexible crude oil supply options for Valero’s Port Arthur Refinery. The Lucas crude system comprises Lucas Terminal, Lucas Pipeline, Nederland Pipeline, TransCanada Connection and Seaway Connection. Its Lucas terminal is located over 10 miles from Valero’s Port Arthur Refinery on approximately 500 acres. The facility consists of over seven storage tanks with an aggregate of approximately 1.9 million barrels of storage capacity. The Lucas terminal receives crude oil through its Nederland pipeline, which connects to the Sunoco Logistics Partners L.P. marine terminal in Nederland, Texas, as well as through connections to the Cameron Highway crude oil pipeline and Enterprise’s Beaumont marine terminal. Its Lucas pipeline is an approximately 12-mile, 30-inch pipeline with over 400,000 barrels per day of capacity. The Nederland pipeline is an approximately five-mile, 32-inch pipeline with over 600,000 barrels per day of capacity. Its TransCanada connection has over 400,000 barrels per day of capacit! y. The Seaway connection has over 750,000 barrels per day of capacity.
The Company’s Port Arthur products system transports refined petroleum products from Valero’s Port Arthur Refinery to third-party pipeline systems, including the Explorer, Colonial, Sunoco Logistics MagTex and Enterprise TE Products refined petroleum products pipeline systems, for delivery to various marketing outlets, and to Enterprise’s Beaumont marine terminal for exports. Its Port Arthur products system comprises Port Arthur Products Pipelines (Port Arthur Products Station (PAPS)-El Vista); 12-10 Pipeline, and PAPS and El Vista Terminals. Port Arthur products pipelines consist of an approximately four-mile, 20-inch pipeline with over 144,000 barrels per day of capacity. Its 12-10 pipeline consists of over 13 miles of approximately 12-inch and 10-inch pipeline with over 60,000 barrels per day of capacity. The PAPS terminal consists of over eight tanks with approximately 821,000 barrels of diesel storage capacity, and the Company’s El Vista terminal consists of over eight tanks with approximately 1.2 million barrels of gasoline storage capacity. Its PAPS terminal also contains storage tanks owned by Colonial.
McKee Logistics System
The Company’s McKee logistics system is a crude oil and refined petroleum products pipeline and terminal system supporting Valero’s McKee Refinery in Sunray, Texas. The McKee logistics system includes the Company’s McKee crude system and McKee products system. The McKee crude system supplies crude oil to Valero’s McKee Refinery located. The McKee products system transports refined petroleum products from Valero’s McKee Refinery to the Company’s refined petroleum products terminal in El Paso, Texas and on to Kinder Morgan’s SFPP system for marketing in the southwest the United States. McKee products system comprises McKee to El Paso pipeline, which consists of over 410 miles of approximately 10-inch pipeline with a capacity of over 63,000 barrels per day. SFPP pipeli! ne connec! tion consists of approximately 10 miles of 16- and 8-inch pipelines that deliver diesel and gasoline from the El Paso terminal to Kinder Morgan’s SFPP system. The SFPP pipeline connection has over 98,400 barrels per day of capacity. The El Paso terminal is located on approximately 120 acres and consists of over 10 storage tanks with approximately 499,000 barrels of storage capacity. The El Paso terminal receives refined petroleum products delivered to the terminal through the Company’s McKee to El Paso pipeline.
Memphis Logistics System
The Company’s Memphis logistics system includes its Collierville crude system and Memphis products system. The Collierville crude system is the primary crude oil supply source for Valero’s Memphis Refinery, which delivers crude oil from the Capline pipeline and consists of Collierville Pipeline System, Collierville Terminal and St. James Crude Tank. The Collierville pipeline system consists of over 52 miles of 10- to 20-inch pipelines with approximately 210,000 barrels per day of capacity that deliver crude oil to Valero’s Memphis Refinery. The Collierville terminal is located in Byhalia, Mississippi on over 60 acres. The facility consists of approximately three storage tanks with over 975,000 barrels of storage capacity. The Company owns an approximately 330,000 barrel crude oil storage tank in St. James, Louisiana.
The Company’s Memphis products system is the outlet for refined petroleum products produced at Valero’s Memphis Refinery with distribution through the Memphis truck rack and its terminal in West Memphis, Arkansas, for further distribution through truck and barge to marketing outlets along the central Mississippi River, to Exxon’s Memphis refined petroleum products terminal, and to the Memphis International Airport. Memphis products system comprises Shorthorn Pipeline System, Memphis Airport Pipeline System, West Memphis Terminal and Memphis Truck Rack. The Shorthorn pipeline system consists of over seven miles of approx! imately 1! 4-inch pipeline that delivers diesel and gasoline produced at Valero’s Memphis Refinery to the Company’s West Memphis terminal and over two miles of 12-inch pipeline that delivers diesel and gasoline from its West Memphis terminal and Valero’s Memphis Refinery to Exxon’s Memphis refined petroleum products terminal. The Shorthorn pipeline system has a total capacity of over 120,000 barrels per day.
The Company’s Memphis Airport pipeline system consists of an approximately nine-mile, six-inch pipeline that delivers jet fuel produced at Valero’s Memphis Refinery to the Swissport Fueling, Inc. terminal located at the Memphis International Airport, and an approximately two-mile, six-inch pipeline that delivers jet fuel from Valero’s Memphis Refinery to the FedEx jet fuel terminal located at the Memphis International Airport. The Memphis Airport pipeline system has a total capacity of over 20,000 barrels per day. West Memphis terminal is located in West Memphis, Arkansas on over 75 acres. The facility consists of approximately 20 storage tanks with over one million barrels of storage capacity, a truck rack, and a barge dock on the Mississippi River. The terminal delivers refined petroleum products to the five-bay, 50,000 barrels per day truck rack at the terminal, the Company’s two-berth, 4,000 barrels per hour barge dock on the Mississippi River and its Shorthorn pipeline system for deliveries to Exxon’s Memphis terminal. Memphis truck rack consists of seven-bay truck rack and over five biodiesel storage tanks with approximately 8,000 barrels of storage capacity. The truck rack has a capacity of over 110,000 barrels per day.
Three Rivers Crude System
The Company’s Three Rivers crude system supports Valero’s Three Rivers Refinery located in the Eagle Ford shale region in South Texas. The Three Rivers crude system consists of approximately 10 crude oil truck unloading sites with lease automatic custody transfer units and over three 1-mile, 12-inch pipelines with a capacit! y of appr! oximately 110,000 barrels per day. The system delivers crude oil received from the truck unloading sites and pipeline connections to tanks at Valero’s Three Rivers Refinery. The system also receives locally produced crude oil through connections to the Harvest Arrowhead pipeline system and the Plains Gardendale pipeline for processing at the Three Rivers Refinery or for shipment through third-party pipelines to Valero’s refineries in Corpus Christi, Texas.
Wynnewood Products System
The Company’s Wynnewood products system is the distribution outlet for refined petroleum products from Valero’s Ardmore Refinery. The Wynnewood products system consists of an approximately 30-mile, 12-inch refined petroleum products pipeline with over 90,000 barrels per day of capacity and approximately two tanks with a total of over 180,000 barrels of storage capacity. The system connects Valero’s Ardmore Refinery to the Magellan refined products pipeline system.
The Company’s Houston terminal is a crude oil, intermediates and refined petroleum products terminal that supports Valero’s Houston Refinery. The terminal is located on the Houston ship channel and has storage tanks with over 3.6 million barrels of storage capacity. The terminal receives waterborne crude oil through the refinery’s docks and the terminal’s connection to Houston Fuel Oil Terminal Company (HFOTCO), and receives pipeline crude oil through the Magellan and Seaway systems. The terminal can distribute refined petroleum products across the refinery’s docks and into the Magellan South Pipeline system.
St. Charles Terminal
The Company’s St. Charles terminal is a crude oil, intermediates and refined petroleum products terminal that supports Valero’s St. Charles Refinery. The terminal is located on the Mississippi River and has storage tanks with over 10 million barrels of storage capacity. The terminal receives crude oil through the refinery’s docks and from Louisian! a Offshor! e Oil Port (LOOP) through the Clovelly pipeline. The terminal can distribute refined petroleum products across the refinery’s docks and into the Plantation through Parkway and Colonial through Bengal pipeline systems.
Corpus Christi Terminals
The Company’s Corpus Christi terminals are engaged in the business of terminaling crude oil, intermediates and refined petroleum products in Corpus Christi, Texas. The Corpus Christi East terminal supports Valero’s Corpus Christi East Refinery. The Corpus Christi East terminal is located on the Corpus Christi ship channel and has storage tanks with over 6.2 million barrels of storage capacity. The Corpus Christi West terminal supports Valero’s Corpus Christi West Refinery. The Corpus Christi West terminal is located on the Corpus Christi ship channel and has storage tanks with over 3.8 million barrels of storage capacity.
- [By Max Byerly]
Valero Energy Partners (NYSE:VLP) was upgraded by equities researchers at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Tuesday.
- [By Shane Hupp]
US Capital Advisors downgraded shares of Valero Energy Partners (NYSE:VLP) from an overweight rating to a hold rating in a report released on Friday morning, The Fly reports.
- [By Logan Wallace]
Valero Energy Partners (NYSE:VLP) last posted its earnings results on Thursday, July 26th. The pipeline company reported $0.66 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.66. The company had revenue of $134.63 million for the quarter, compared to analyst estimates of $132.71 million. Valero Energy Partners had a return on equity of 108.14% and a net margin of 46.87%. Valero Energy Partners’s revenue was up 21.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.69 earnings per share. sell-side analysts forecast that Valero Energy Partners LP will post 2.78 EPS for the current fiscal year.
- [By Logan Wallace]
Shell Midstream Partners (NYSE: SHLX) and Valero Energy Partners (NYSE:VLP) are both mid-cap oils/energy companies, but which is the better stock? We will contrast the two businesses based on the strength of their profitability, valuation, earnings, dividends, risk, analyst recommendations and institutional ownership.
Top 10 Energy Stocks To Watch For 2021: InterOil Corporation(IOC)
InterOil Corporation (InterOil), incorporated on August 24, 2007, is an oil and gas business with a sole focus on Papua New Guinea (PNG). The Company’s segments include Upstream and Corporate. The Upstream segment includes exploration, appraisal and development of hydrocarbon structures in PNG. The Corporate segment provides support to the Company’s other business segments through business development and improvement activities, general services, administration, human resources, executive management, financing and treasury, government affairs and investor relations.
The Company holds interests across over four exploration and approximately two production retention licenses in the Eastern Papuan Basin of Papua New Guinea. InterOil’s assets include the Elk, Antelope, Triceratops, Raptor and Bobcat fields in the Gulf Province of Papua New Guinea, and exploration licenses covering approximately 16,000 square kilometers (over four million acres) in Papua New Guinea. Papua LNG is PNG’s liquefied natural gas (LNG) project and is supported by the Elk-Antelope gas field, located in the Eastern Papuan Basin. The subsidiaries of InterOil include SPI Exploration and Production Corporation, InterOil Singapore Pte Ltd, InterOil Corporate PNG Limited, South Pacific Refining Limited, SPI Distribution Limited, InterOil LNG Holdings Inc., InterOil Australia Pty Ltd, InterOil Finance Inc., InterOil Shipping Pte Ltd and their subsidiaries.
- [By Shane Hupp]
I/O Coin (CURRENCY:IOC) traded 26.1% higher against the US dollar during the one day period ending at 22:00 PM E.T. on August 17th. Over the last seven days, I/O Coin has traded up 50% against the US dollar. One I/O Coin coin can now be purchased for $0.39 or 0.00005901 BTC on exchanges. I/O Coin has a market capitalization of $6.55 million and approximately $14,268.00 worth of I/O Coin was traded on exchanges in the last day.
- [By Stephan Byrd]
Media headlines about InterOil (NYSE:IOC) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. InterOil earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news articles about the oil and gas company an impact score of 45.5148763796823 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.