$TTI (TETRA Technologies, Inc.)

$TTI {{ '2016-06-16T11:11:36+0000' | timeago}} • Announcement

Oil and gas services company $TTI said it has started a public offering of about 10,000,000 shares and also expects to grant underwriters a 30-day option to buy up to an additional 1,500,000 shares. Company expects to use net proceeds to repay debt outstanding under its senior secured notes and revolving credit facility, and for corporate purposes.

$NOV {{ '2018-01-19T12:43:51+0000' | timeago}} • Announcement

Excluding the impact of other items, $NOV expects consolidated results for 4Q17 to be at or above prior expectations. The company anticipates Rig Technologies will exceed prior guidance, Wellbore Technologies will be in-line with expectations, and Completion and Production Solutions will fall short of guidance.

$NOV {{ '2018-01-19T12:42:20+0000' | timeago}} • Announcement

$NOV anticipates it will recognize between $120-140MM in pre-tax restructuring charges, including facility closures, severance and inventory write-downs, and other charges during the 4Q17.

$NOV {{ '2018-01-19T12:41:26+0000' | timeago}} • Announcement

$NOV announced it combined its Rig Systems and Rig Aftermarket reporting segments into a single segment called Rig Technologies during 4Q17.

$MDR {{ '2018-01-05T13:16:20+0000' | timeago}} • Announcement

Oilfiled technology company $MDR has appointed Ian Prescott as VP of Asia region, effective January 8. He succeeds Hugh Cuthbertson who will be retiring soon. Most recently, Ian served SNC-Lavalin as SVP and Director of Asia Pacific. Earlier, he held leadership positions in PAE plc and Aker Kvaerner.

$MDR {{ '2017-12-22T13:50:10+0000' | timeago}} • Announcement

$MDR, a technology company in the energy industry, received a major contract from Maersk Oil to provide engineering, procurement, construction and commissioning services for the Tyra Redevelopment project in North Sea. Work under the contract is expected to start early next year, and the lump sum will be reflected in McDermott’s 4Q17 backlog.

$NOG {{ '2017-12-20T14:10:20+0000' | timeago}} • Announcement

$NOG Chairman Rich Weber announced his resignation to allow him to focus his time on his responsibilities as Chairman and CEO of PennEnergy Resources. The Board appointed current director Bahram Akradi as Lead Independent Director and a member of Executive Committee. Akradi and the Executive Committee will provide leadership on an ongoing basis.

$NOG {{ '2017-12-20T14:08:15+0000' | timeago}} • Announcement

$NOG's Board approved a preliminary 2018 capital budget of up to $176MM, which contemplates 20-22 net wells added to production during 2018. Based on this preliminary budget, 2018 annual production is expected to increase by 10-14% when compared to 2017. The Board also sees a 10-15% reduction in general and administrative expenses from 2017.

$NOG {{ '2017-12-20T14:06:35+0000' | timeago}} • Announcement

$NOG now expects 4Q17 average daily production to increase by 4-6% over 3Q17, compared to prior guidance indicating flat sequential production at the mid-point. The company now expects to add about 5-6 net wells to production and oil differential to improve by $1.50 per barrel.

$MDR {{ '2017-12-18T22:40:44+0000' | timeago}} • Announcement

$MDR and $CBI agreed to combine in a transaction that is expected to be cash accretive, excluding one-time costs, within the first year after closing. It is also expected to generate annualized cost synergies of $250MM in 2019. This is in addition to the $100MM cost reduction program that $CBI expects to have fully implemented by the end of 2017.

$MDR {{ '2017-12-18T22:40:30+0000' | timeago}} • Announcement

$MDR and $CBI have agreed to merge. $MDR shareholders will own approx. 53% and $CBI shareholders will own approx. 47% of the combined company. On a pro forma combined basis, $MDR and $CBI would have combined revenues of approx. $10Bil and a backlog of approx. $14.5Bil.

$MDR {{ '2017-12-18T22:40:13+0000' | timeago}} • Announcement

$MDR and $CBI have agreed to combine in an all-stock transaction. $CBI shareholders are entitled to receive 2.47221 shares of $MDR common stock for each share of $CBI common stock owned. The estimated value of the transaction is approx. $6Bil. The deal is expected to be completed in 2Q18.

$HP {{ '2017-12-08T15:54:15+0000' | timeago}} • Announcement

$HP acquired Magnetic Variation Services LLC (MagVAR). Founded in 2010, MagVAR will maintain its headquarters in Westminster, Colorado. $HP closed its acquisition of MOTIVE Drilling Technologies Inc. in June 2017.

$HP {{ '2017-11-16T13:55:11+0000' | timeago}} • Infographic

$HP Helmerich & Payne Inc. Earnings AlphaGraphic: Q4 2017 Highlights

$NOV {{ '2017-11-16T13:41:37+0000' | timeago}} • Announcement

$NOV declared a regular quarterly cash dividend of $0.05 per share of common stock, payable on Dec 22, 2017, to each stockholder of record on Dec 8, 2017.

$HP {{ '2017-11-16T12:10:13+0000' | timeago}} • Announcement

As of Nov. 16, 2017, $HP said its existing fleet includes 350 land rigs in the U.S., 38 international land rigs, and eight offshore platform rigs. The company’s global fleet has a total of 388 land rigs, including 373 AC drive FlexRigs.

$HP {{ '2017-11-16T12:09:33+0000' | timeago}} • Announcement

$HP expects 2018 capital expenditures of $250-300MM and depreciation to decline by about 4% to about $560MM. General and administrative expenses are expected to increase by about 9% to about $165MM.

$HP {{ '2017-11-16T12:05:04+0000' | timeago}} • Announcement

$HP said International Land operations had a operating loss in 4Q17 compared to profit last quarter. This was due to the absence of retroactive revenues included in the previous quarter, which favorably impacted 3Q by about $10.7MM due to the effect of a customer's withdrawal of an early termination notice.

$HP {{ '2017-11-16T12:02:23+0000' | timeago}} • Announcement

$HP said segment operating income for Offshore operations for 4Q17 decreased 22% sequentially primarily as a result of adjustments to self-insurance reserve charges related to management contracts during 4Q. Management contracts on customer-owned platform rigs contributed about $2.5 million to the segment's operating income.

$HP {{ '2017-11-16T11:53:43+0000' | timeago}} • Announcement

$HP said segment operating loss for U.S. Land operations for 4Q17 narrowed by $4MM sequentially. This was due to an increase in quarterly revenue days and a higher average rig margin per day. This was offset by non-cash charges for abandonments of used drilling rig components related to rig upgrades.

$HP {{ '2017-11-16T11:51:13+0000' | timeago}} • Announcement

$HP reported a narrower loss in 4Q17 driven by higher revenue. Net loss narrowed to $22.5MM or $0.21 per share from $72.8MM or $0.68 per share last year. Operating revneue grew to $532.3MM from $331.7MM. Results were dominated by oil price uncertainty and set expectations for a substantial rig count reduction for the balance of 2017.

Recent Transcripts

HP (Helmerich & Payne, Inc.)
Thursday, November 16 2017 - 4:00pm
EPM (Evolution Petroleum Corp.)
Thursday, November 9 2017 - 4:00pm
TTI (TETRA Technologies, Inc.)
Thursday, November 9 2017 - 3:30pm
GST (Gastar Exploration Inc.)
Thursday, November 9 2017 - 3:00pm
NOG (Northern Oil and Gas, Inc.)
Thursday, November 9 2017 - 3:00pm
ESTE (Earthstone Energy, Inc.)
Monday, November 6 2017 - 4:00pm
GTE (Gran Tierra Energy, Inc.)
Friday, November 3 2017 - 3:00pm
IO (ION Geophysical Corporation)
Thursday, November 2 2017 - 2:00pm
KEX (Kirby Corporation)
Thursday, November 2 2017 - 12:30pm
NFX (Newfield Exploration Co.)
Wednesday, November 1 2017 - 3:00pm
MDR (McDermott International Inc.)
Wednesday, November 1 2017 - 12:30pm
NOV (National Oilwell Varco, Inc.)
Friday, October 27 2017 - 3:00pm
OIS (Oil States International Inc.)
Friday, October 27 2017 - 2:30pm
ESV (Ensco plc)
Thursday, October 26 2017 - 3:00pm
OII (Oceaneering International, Inc.)
Thursday, October 26 2017 - 3:00pm
HAL (Halliburton Company)
Monday, October 23 2017 - 1:00pm
EPM (Evolution Petroleum Corp.)
Thursday, September 7 2017 - 3:00pm
ESTE (Earthstone Energy, Inc.)
Thursday, August 10 2017 - 3:00pm
TTI (TETRA Technologies, Inc.)
Wednesday, August 9 2017 - 2:30pm
NOG (Northern Oil and Gas, Inc.)
Wednesday, August 9 2017 - 2:00pm

AlphaGraphics you may like