Tulsa's Unit Corp. scores earnings increase
Unit Corp. upped its second-quarter profit more than 50 percent from the same three months last year, the Tulsa-based contract driller and producer reported Tuesday. Net income totaled $49.8 million, or $1.04 per diluted share, for the three months ending June 30. Unit’s quarterly profit was $32.2 million in 2010’s comparable period. The company gained 26-percent increases both in average number of drilling rigs used and in per-day rates, according to the release. Nearly all of Unit’s rigs are now drilling horizontal or directional wells, CEO Larry Pinkston noted in his statement. “Our fleet went through a transition in 2010 to accommodate the growing industry focus on drilling horizontal or directional wells,” he said. “We refurbished and upgraded 30 drilling rigs in 2010 in order that they could undertake this type of drilling.” But only 40 percent of Unit’s $291.5 million in total quarterly revenue comes from the contract drilling side. Forty-five percent is generated by oil and gas production. Unit tapped significant increases in oil, natural gas liquids and natural gas for the three months. Oil production rose 84 percent with 591,000 barrels, while natural gas liquids topped 567,000 barrels. Unit produced 10.9 billion cubic feet in natural gas in the second quarter. Altogether, the production segment averaged 32,800 barrels of oil equivalent per day, bettering the same period in 2010 by 28 percent.Natural Gas Liquids - News
Profit grew 7.6% in the natural-gas gathering and processing segment and soared 94% at the natural-gas liquids business. The pipeline segment's earnings slid 22%. Oneok Partners said the results in the natural-gas liquids unit were especially strong
Forty-five percent is generated by oil and gas production. Unit tapped significant increases in oil, natural gas liquids and natural gas for the three months. Oil production rose 84 percent with 591000 barrels, while natural gas liquids topped 567000
Processed natural gas volumes totaled 538 million cubic feet per day, a 31% increase to the same period last year, and the weighted average NGL price was $1.25/gallon for the quarter, a 42% increase. For the second quarter of 2011, Distributable Cash
Oil, gas and natural gas liquid (NGL) production revenues contributed $333.9 million (up almost 90% year over year) to the total revenue. The company's second-quarter production came in at 436.9 million cubic feet equivalent per day (MMcfe/d),
Its gas production was 26 percent lower than in the second quarter of last year, while output of oil and natural gas liquids (NGL) fell by 13 percent. Gas output fell "primarily because a number of fields were shut down for more extensive planned
Libya closures impact Eni natural gas, liquids production | Frankrhod
Offshore staff
SAN DONATO MILANESE, Italy — Events in Libya hit Eni’s second-quarter liquids and gas production figures. During the period, the company’s global output averaged 1.49 MMboe/d, down 15% on the comparable period for 2010.
The steep fall was caused by the shutdown of activities at nearly all Eni’s (NYSE: E) producing sites in Libya, (which include the giant offshore Bouri field), and closure of the GreenStream pipeline (Eni 50%) transporting gas from Libya across the Mediterranean Sea.
The sole exception was the onshore Wafa field, which has been kept flowing to support local production of electricity.
All the company’s plants and pipelines have been put into safety status, and no damage has been reported. Since March, Eni has evacuated all its personnel and suspended ongoing exploration and development activities.
However, once the political situation has stabilized, Eni says it will be technically able to resume gas output at a level similar to pre-crisis flows.
Last month, Eni reaffirmed its upstream commitment to neighboring Egypt. Its program of activity includes drilling of additional development wells, fasttracking development of recent discoveries, and drilling 12 exploration wells.
During the second quarter, the BB-10 and BLNE-1 oil discoveries were linked to existing facilities at Eni’s Belayim concession in the Gulf of Suez.
Chevron's a Worldwide Wonder: From a price perspective, the average tag on US crude oil and natural gas liquids ... 
Gas: Marathon Oil reports higher US liquids, lower natural gas sales in Q2: Marathon Oil Corp.'s exploration and... 
Have the stars aligned for higher oil prices?: NGL or natural gas liquids extracted from the gas produced mainly... 
ClearBridge Energy MLP Fund (CEM) aims to benefit from growing production of U.S. oil and natural-gas liquids by... 
Chevron Caps a Weak Week for Big Oil: Liquids production declined at twice the level of natural gas production i... Natural Gas Liquids - Bookshelf
Natural gas liquids, market outlook
Natural gas liquids
Natural gas liquids
Natural gas liquids, a review of their role in the petroleum industry
Encyclopedia of chemical processing and design
... include natural gas, natural gas liquids, liquefied natural gas, or synthetic gas suitable for fuel (or mixtures of natural gas and such synthetic gas). ...Casual Posts Directory
Natural gas processing - Wikipedia, the free encyclopedia
Natural gas processing is a complex industrial process designed to clean raw natural gas ... Collectively, they are called condensates or natural gas liquids (NGLs) ...
Natural Gas Liquids
Natural Gas Liquids on WN Network delivers the latest Videos and Editable pages for News & Events, including Entertainment, Music, Sports, Science ...
Condensate and Natural Gas Liquids
Condensate and natural gas liquids (only sometimes found in an oil field) ... These liquid condensates and natural gas liquids are quite usual in gas fields. ...
Natural Gas Liquids
Natural Gas Liquids or "NGL" are those hydrocarbons in natural gas ... Natural Gas Liquids include natural gas plant liquids (primarily ethane, propane, butane, ...
Natural Gas Liquids
The gas market is catching on to how much natural gas liquids improve cash flow, & have been the first as well as largest movers within in Canadian gas stocks...