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Monday, August 3, 2015

Links for 8/3/15: More 2nd Quarter Results, Activists Making Death Threats, and More

Williams Companies Inc:  Williams Partners 2015 Second-Quarter Financial Results   -   "Williams Partners L.P. (NYSE: WPZ) today reported second quarter 2015 adjusted EBITDA of $1.01 billion, a $291 million, or 41 percent, increase from second quarter 2014. The increase in adjusted EBITDA for second quarter 2015 is due to increases of..."

Antero Resources:  Antero Resources Reports Second Quarter 2015 Financial Results   -   "Antero Resources Corporation (NYSE: AR) ("Antero" or the "Company") today released its second quarter 2015 financial results. The relevant financial statements are included in Antero's Quarterly Report on Form 10-Q for the quarter ended June 30, 2015, which has been filed with theSecurities and Exchange Commission ("SEC")..."

Seventy Seven Energy Inc:  Seventy Seven Energy Inc. Announces Second Quarter 2015 Operational and Financial Results   -   "SSE reported total revenues of $295.1 million for the second quarter of 2015, a 31% decrease compared to revenues of $429.8 million for the first quarter of 2015, and a 46% decrease compared to revenues of $549.5 million for the second quarter of 2014. During the second quarter of 2015, SSE sold..."

Forbes:  Nimby Nation: The High Cost To America Of Saying No To Everything   -   "For more than 50 years Onyx Specialty Papers of South Lee, Mass. has carved out a niche selling unusual, high-value products like the Kevlar-reinforced paper used in automobile clutch plates. The company’s twin 100-foot-long paper machines sit in a 150-year-old brick building on the Housatonic River, churning out 12,000 tons of..."

Watchdog.org:  Critics Refute Study That Blames Fracking for ND High School Dropouts   -   "A recent study links higher rates of high school dropouts to hydraulic fracturing, but critics say North Dakota schools’ education priorities are more to blame. “Our estimates imply that, absent fracking, the male-female gap in..."

NJ.com:  FBI Investigating Death Threats Made Against PennEast Pipeline Employees   -   "The FBI is investigating letters that were sent to the PennEast pipeline company threatening to kill people connected to the proposed $1.2 billion project, officials said Thursday. The company that is proposing..."

Reuters:  Marathon: Alkylation Can Satisfy Higher Octane Demand   -   "U.S. motorists are using more "premium" high-octane gasoline as low oil prices led to cheaper fill-ups at the pump. But even if prices rebound, octane demand will keep growing in the long term as fuel economy standards strengthen, Marathon Petroleum Corp Chief Executive Gary Heminger said on..."

TribLIVE:  Range Resources Cuts Workforce 11%   -   "Range Resources Corp. cut 11 percent of its workforce this year as it reduced costs to deal with low natural gas prices, the company disclosed Wednesday. In addition to about 60 jobs that were lost when it closed an Oklahoma City office in February, the Fort Worth-based company in May cut 41 jobs connected..."

The Courier:  MPLX Earnings Climb 78 Percent   -   "Profit ballooned 78 percent to $51.2 million last quarter at MPLX, Marathon Petroleum Corp.’s pipeline and logistics subsidiary, the company reported Thursday.  The profit increase in the April-June quarter from a year earlier was due to MPLX buying additional interests in Marathon Petroleum subsidiaries. Earnings per common unit amounted to 50 cents, compared with 37 cents..."

Business Journal Daily:  Vallourec Loses $217M in 2Q, More Losses Ahead   -   "Vallourec, the French company that operates the huge pipe and threading mills here, says it lost 199 million euros, or $217 million, in the second quarter, and its CEO expects 2015’s full results to reflect the “worst-case scenario.” Vallourec eliminated 1,600 jobs worldwide during the first half of the year, including “60 to 80” jobs at its pipe mill here, which the company announced July 9 would be..."

Seeking Alpha:  Why Gulfport Energy Acquired Additional Acreage in the Utica Shale   -   "Gulfport Energy (NASDAQ: GPOR) is an oil and gas E&P player in the U.S. The company's properties are primarily located in the Utica Shale, but the company also has acreage positions in other countries such as Canada and Thailand through its various equity interests. The Utica Shale is well known for..."

EQT Investor Center:  EQT Releases Seven-Day Data for Utica Well   -   "EQT Corporation (NYSE: EQT) today announced completion of the flow-back operation on its Scotts Run 591340 dry Utica well located in Greene County, Pennsylvania. Last week, EQT Corporation announced the well’s 24-hour deliverability test of 72.9 MMcf per day, with an average..."

Marcellus Drilling News:  Blue Racer Midstream CEO Says Utica Shale Better Than Marcellus (subscription required)   -   "In an article published in the July issue of The American Oil & Gas Reporter titled “Midstream Adjusts For Emerging Utica,” Mr. Arata makes this prediction about the Utica: “Arata predicts development of the Utica is about to take off. ‘The rock in the Utica is great,’ he enthuses. ‘The core of the rich part of the Utica is..."

Gas & Oil:  Hess Corporation Receives Ohio Association of Community Colleges Excellence Award for Partnership with Belmont College   -   "Belmont College is pleased to announce that its ongoing partnership with Hess Corporation is now award winning. The Ohio Association of Community Colleges recently presented the Excellence Awards on June 12, during a luncheon at the annual conference at Cuyahoga Community College. Through a nomination by Belmont College’s president, Paul Gasparro, Hess Corporation was awarded..."

USA Today:  Amid Oil Downturn, Silver Lining for Shale Producers?   -   "Just look at second-quarter earnings, which largely show disappointing results again for oil companies and their shareholders. But while there may be no end in sight for the industry’s dilemma, there may be a silver lining for producers, especially those using the downturn to hone drilling techniques, like hydraulic fracturing, to reinforce their..."

Natural Gas Now:  Shale Gas is Saving the Earth   -   "Shale gas is changing the world. It is saving the earth in myriad ways that most industry outsiders don’t even begin to comprehend, let alone talk about. Prior to the shale revolution, natural gas was an expensive premium fuel. Now there’s so much of it, some smart people are thinking about alternate uses. We already know about natural gas transportation for trucks, buses and fleets. Up to forty percent of..."

PR Newswire:  Chestnut Ridge Storage, LLC Announces an Open Season for Services at the Junction Natural Gas Storage Facility in Southwest Pennsylvania   -   "Chestnut Ridge Storage, LLC, owned by affiliates of eCORP International, LLC and financial partners, is conducting a non-binding Open Season for natural gas storage capacity and deliverability that will be offered at the Junction Natural Gas Storage Facility that is currently under development. The Open Season for the initial 15 BCF of working gas capacity will begin on..."


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