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Last 5.80 GBp
Change Today +0.50 / 9.43%
Volume 1.4M
As of 11:35 AM 05/6/15 All times are local (Market data is delayed by at least 15 minutes).

nighthawk energy plc (HAWK) Snapshot

5.60 GBp
Previous Close
5.30 GBp
Day High
5.81 GBp
Day Low
5.40 GBp
52 Week High
05/9/14 - 14.00 GBp
52 Week Low
05/5/15 - 5.30 GBp
Market Cap
Average Volume 10 Days
0.03 GBp
Shares Outstanding
Dividend Yield
Current Stock Chart for NIGHTHAWK ENERGY PLC (HAWK)

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nighthawk energy plc (HAWK) Details

Nighthawk Energy plc, an independent oil and natural gas company, invests in, explores, develops, and produces hydrocarbons in the United States. The company primarily develops Jolly Ranch and Smoky Hill shale oil projects that cover approximately 300,000 gross acres in Lincoln, Elbert, and Washington Counties, Colorado. Nighthawk Energy plc was incorporated in 2000 and is headquartered in Guildford, the United Kingdom.

17 Employees
Last Reported Date: 05/9/14
Founded in 2000

nighthawk energy plc (HAWK) Top Compensated Officers

Chief Financial Officer, Company Secretary an...
Total Annual Compensation: $257.6K
Compensation as of Fiscal Year 2013.

nighthawk energy plc (HAWK) Key Developments

Nighthawk Energy plc Reports Production Results for the Year 2014; Provides Drilling Update at its Operations in the Denver-Julesburg Basin, Colorado

Nighthawk Energy plc reported production results for the year 2014. For 2014, gross production was 706,319 barrels (net 579,182 barrels). Year on year from 2013 to 2014 production growth was 96%. The challenges ahead are adding new production to outpace the natural decline rates on existing wells, especially in the first half of 2015. In an unstable commodity price environment and with no new wells to be drilled, Nighthawk anticipates meeting this challenge through its behind pipe program. The Company will employ two to three work over rigs in the field and will be entering producing wells and adding zones in the Pennsylvanian formations to co-mingle the production with the Mississippian Spergen. The company announced update on its 2015 Plans, recent production and drilling and other general corporate updates at its operations in the Denver-Julesburg Basin, Colorado. Highlights: Recently drilled three new wells in the Snow King field required to retain key acreage. Two have been completed in the Spergen zone and also had excellent shows of oil potential in the Marmaton zone. The third well is in the early stages of completion; Plan to drill 11 new wells targeting the Spergen zone (7 for Nighthawk and 4 for Monarch Joint Venture) during third and fourth quarters 2015 at an estimated cost of $19 million; Plan to complete 25 behind pipe projects during the year with many of the projects targeted for the first and second quarter at an estimated cost of $3.6 million. Nighthawk's production operations have persevered through a very cold winter with ambient temperatures reaching -25 degrees Fahrenheit for close to a four-week period in late December and January. The team also encountered high winds and drifting snow and was able largely to maintain production and sales. However, the cold weather caused several mechanical failures on the surface equipment and facilities and made for challenging logistics in trying to move the completion rigs between new wells, behind pipe projects and maintenance projects focused on bringing wells back on line. As a result, Nighthawk temporarily delayed its behind pipe program and focused on meeting its new drill commitments to retain important acreage. Nighthawk finished its drilling obligations with the drilling contractor on January 21, 2015 after drilling three additional wells that commenced in December. The three wells (Keystone 3-7, Snow King 9-32, and the Mary Jane 8-5) are all located in what has been named the Broken Spear field, which is within the Snow King 3D seismic shoot area. The rig was then released and stacked due to falling and unstable oil prices. As a result of the temporary production loss in wells offline, delays in the behind pipe program and normal declines in historic production, Nighthawk averaged 2,160 bopd gross (1,771 bopd net) for the month of December 2014 and for the month of January 2015 the averages were 2,052 bopd gross (1,682 bopd net). The new wells, which should all be on line in February, should restore production levels to the 2,500 bopd gross (2,050 bopd net) range. Nighthawk has recently reconvened its behind pipe program with the intention of adding additional production from up hole zones identified by shows during drilling and evaluated from open hole logs as hydrocarbon bearing. These plans should stabilize and possibly grow production for the first half of 2015. The Company anticipates completing 25 behind pipe projects in 2015. For the second half of the year, Nighthawk plans to return to a growth mode with the drilling of 11 new wells targeting the Spergen zone, being the same zone that the company is producing extensively at the Arikaree Creek and Broken Spear fields. Keystone 3-7 was completed in the Mississippian Spergen at 8,300 feet and put on production in early January at an initial rate of 100 barrels per day. The Mary Jane 8-5 was completed in the Mississippian Spergen also at 8,300 feet on February 4 and is in the early stages of production testing. The initial test on this well is exceeding 300 barrels of oil per day. The Snow King 9-32 was drilled to 8,500 feet through the Mississippian Spergen zone and is currently in the early stages of completion operations. Excellent shows of oil potential were also seen in the Marmaton zone in both the Keystone 3-7 and Mary Jane 8-5 wells and it is planned to re-enter these wells during March to complete this zone and co-mingle it with the Spergen zone. These will be the first wells dual completed in both zones in connection with initial production. If successful, Nighthawk hopes to pursue this approach in more wells where potential oil shows are seen in both zones. This will be a capital effective way to bring on this new production.

Nighthawk Energy plc Announces Two Joint Ventures with Cascade Petroleum LLC in Northern Lincoln County, Colorado

Nighthawk Energy plc announced details of two significant joint ventures that it has entered into in northern Lincoln County. Nighthawk has entered into two joint venture agreements (JV's) in northern Lincoln County, Colorado. The JVs are located southwest from the company's Arikaree Creek field and Snow King project towards the town of Limon. Both JVs are with Cascade Petroleum LLC. Joint Venture One, named the Monarch Joint Venture, will be operated by Nighthawk and covers approximately 23,619 net mineral acres southwest from the company's Arikaree Creek field and Snow King project. After an initial earn-in commitment, Nighthawk will share the Monarch Joint Venture with Cascade on a 50:50 basis between the parties. This agreement gives Nighthawk access to the potential upside in multiple additional Mississippian and Pennsylvanian structures identified by Nighthawk's geoscience team from 2D seismic data. Nighthawk believes that these structures may have similar attributes to its existing Arikaree Creek and Snow King fields. Joint Venture Two, named the El Dorado Joint Venture, covers approximately 40,372 net mineral acres and will be operated by Cascade. It is located on both sides of the Monarch Joint Venture area and will be shared on a 85:15 basis (Cascade and Nighthawk respectively). Under Joint Venture Two, Nighthawk has the right, but not an obligation, to participate in a 15% working interest in any well drilled in the area by paying its share of the well costs. Under the Monarch Joint Venture, Nighthawk has entered into a joint development agreement ("JDA") with Cascade pursuant to which each party has cross-assigned half of its interest in the acreage within the boundaries of the joint venture to the other party. This has resulted in Nighthawk cross-assigning a 50% Working Interest in 6,197 net mineral acres to Cascade and Nighthawk receiving from Cascade a 50% Working Interest in 17,422 net mineral acres. All acreage cross-assigned by both parties under this joint venture is non-producing at this time. Under Joint Venture Two, Nighthawk has entered into a JDA with Cascade pursuant to which each party has cross-assigned to the other its acreage within the Joint Venture Two area based upon each party's proportionate share of the acreage. This has resulted in Nighthawk cross-assigning 85% Working Interest in its 5,281 net mineral acres to Cascade and Nighthawk receiving from Cascade 15% Working Interest in 35,091 net mineral acres. All acreage cross-assigned by both parties under Joint Venture Two is non-producing at this time.

Nighthawk Energy plc Presents at The Oil & Services Conference San Francisco, Feb-18-2015 11:20 AM

Nighthawk Energy plc Presents at The Oil & Services Conference San Francisco, Feb-18-2015 11:20 AM. Venue: Omni San Francisco, 500 California Street, San Francisco, California, United States.


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