Energy Companies' Expansion Fuels Industry's Growth: PetroTech Oil & Gas, Chesapeake Energy, Cabot Oil & Gas, Exxon Mobile, BP PR Newswire CORAL SPRINGS, Florida, October 25, 2013 CORAL SPRINGS, Florida, October 25, 2013 /PRNewswire/ -- A quick glance at the latest news and notes of the leaders in the mineral sector: PetroTech Oil and Gas (OTCQB: PTOG), Chesapeake Energy Corproration (NYSE: CHK), Cabot Oil & Gas Corporation (NYSE: COG), Exxon Mobile Corporation (NYSE: XOM) and BP plc (NYSE:BP) PetroTech Oil and Gas, Inc. (OTC:PTOG) announces they have scheduled to move their rigs onto the new Nowata lease in Oklahoma, to begin set up for testing and swabbing on the first of the five wells, along with evaluation of production levels based on the results. They have ordered new pump jacks and lines for installation. "We are excited about moving this project ahead of schedule to bring production in before the end of year; we expect immediate results on the reworked wells. We will complete testing an in the Mississippi and Woodford zones. These wells could initial flow 50 to 60 barrels a day with at least 6 drilling locations spotted on our lease. We will post the results of tests next week and expect that the minimum oil produced from existing wells to be 20 barrels a day with another 300mcf of gas a day" Stated Eddie Schilb, President. To read the full press release, please click here:http://www.fnmprofiles.com/profiles-ptog.php Chesapeake Energy Corporation (NYSE: CHK) has scheduled to release its 2013 third quarter operational update and financial results before market open on Wednesday, November 6, 2013. A conference call to discuss the results has been scheduled for the same day at 9:00 am EST. The telephone number to access the conference call is913-312-0713or toll-free888-778-9069. The passcode for the call is5588965. We encourage those who would like to participate in the call to place calls between 8:50 and 9:00 am EST. Cabot Oil & Gas Corporation (NYSE: COG) today reported its financial and operating results for the third quarter of 2013. Highlights for the quarter include: Production of 107.1 billion cubic feet equivalent (Bcfe), an increase of 61 percent over last year's comparable quarter. Cash flow from operations of $276.7 million and discretionary cash flow of $282.3 million. Net income of $69.9 million, or $0.17 per share. Net income excluding selected items of $74.6 million, or $0.18 per share. Total per unit costs (including financing) of $2.97 per thousand cubic feet equivalent (Mcfe), a 15 percent decline over last year's comparable quarter. UOP LLC (UOP), a Honeywell company (NYSE: HON), and ExxonMobil Research (NYSE: XOM) and Engineering Company (EMRE) have finalized a technology licensing agreement with a subsidiary of Gazprom Neft under Honeywell's UOP and EMRE's joint marketing alliance. The new technology will enable Gazprom to improve its production of refined distillates at its subsidiary, the Moscow Oil Refinery Plant. The refiner will combine UOP Distillate Unionfining™ hydroprocessing solutions with EMRE's distillate de-waxing technology to produce low-sulfur diesel. Kosmos Energy (NYSE: KOS) recently announced that it has entered into three farm-out agreements with BP plc (NYSE: BP), covering three blocks in the Agadir Basin, offshore Morocco. Under the terms of the agreements, BP will acquire a non-operating interest in each of the Essaouira Offshore, Foum Assaka Offshore and Tarhazoute Offshore blocks. BP will fund Kosmos' share of the cost of one exploration well in each of the three blocks, subject to a maximum cost per well. In the event a second exploration well is drilled in any block, BP shall pay a disproportionate share of the well cost subject to a maximum cost per well. BP shall also pay its proportionate share of past costs. Completion of the transactions is subject to customary closing conditions, including Moroccan Government approvals.. FinancialNewsMedia.com is leading provider of third party publishing &news dissemination services. If you would like more information regarding our news coverage solutions, please visithttp://www.financialnewsmedia.com for more details. Get an edge on the market with ourPremium News Alerts that are FREE for a limited time athttp://www.financialnewsmedia.com/. Follow us on Facebook:http://www.facebook.com/financialnewsmedia and Twitter:http://twitter.com/FNMgroup. Sign up for our FREE SMS News alerts delivered directly to your mobile phone by texting the word PRESS to 545454.(SMS alerts are free, however data rates may apply, check your wireless plan for details.) DISCLAIMER: FN Media Group LLC (FNMG) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNMG is NOT affiliated in any manner with any company mentioned herein. FNMG and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNMG's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. The companies that are discussed in this release may or may not have approved the statements made in this release. FNMG is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. FNMG was compensated one thousand five hundred dollars for the dissemination of this news release by PetroTech Oil and Gas, Inc. FNMG HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNMG undertakes no obligation to update such statements. Contact Information: Company: FN Media Group, LLC Contact email: email@example.com U.S. Phone: 1(954)345-0611 URL: http://www.financialnewsmedia.com SOURCE FN Media Group, LLC
Energy Companies' Expansion Fuels Industry's Growth: PetroTech Oil & Gas, Chesapeake Energy, Cabot Oil & Gas, Exxon Mobile, BP
Press spacebar to pause and continue. Press esc to stop.