| | | AR, CJES. EOX, ESV, FET. FI, NBR, PTEN, PVA, RIG,
Things We Learned This Week,
US EIA Petroleum Statistics
Antero Resources Corporation (AR)
Maintaining Growth Momentum in 2Q and 3Q
15 May 2014 sendspace.com
C&J Energy Services Inc. (CJES)
Alert: Citi Global Energy & Utilities Conference Highlights
14 May 2014 ¦ 7 pages ir.citi.com
Emerald Oil Inc (EOX)
Higher Recoveries and Inventory in Low Rider
15 May 2014 sendspace.com
Ensco Plc. (ESV)
Reading Into The FSR
15 May 2014 sendspace.com
Forum Energy Technologies, Inc. (FET)
Alert: Citi Global Energy & Utilities Conference Highlights
14 May 2014 ¦ 7 pages ir.citi.com
Frank's International N.V. (FI)
Alert: Citi Global Energy & Utilities Conference Highlights
14 May 2014 ¦ 7 pages ir.citi.com
Nabors Industries (NBR)
Citi Global Energy & Utilities Conference Highlights
14 May 2014 ¦ 7 pages ir.citi.com
Nabors CFO William Restrepo chose to highlight the global nature of the company’s
improving operating performance and the extraordinary success of the company’s
Pace-x rig design in the horizontal drilling market. He also cited NBR’s recent track
record in meeting debt reduction targets and the substantial progress already made
towards reaching its goal of 25% debt-to-capital by the end of next year.
Robin Shoemaker
Patterson-UTI Energy (PTEN)
Citi Global Energy & Utilities Conference Highlights
14 May 2014 ¦ 7 pages ir.citi.com
Patterson-UTI CEO Andy Hendricks provided a positive outlook for both the
contract drilling and pressure pumping businesses at our energy conference
today. He is optimistic on the potential for pricing gains on new build APEX (AC-
Drive) walking rigs, pointing out that they are at 97% utilization today and are
effectively sold out for the rest of 2014. Hendricks stated that pricing for SCR rigs
also should increase since these rigs are in greater demand when AC-drive rigs
are fully employed and the next-best option is an upgraded SCR rig. Current
discussions with customers regarding availability of new build APEX rigs are for
drilling programs that will start in 1Q15 and 2Q15. Hendricks believes that
fundamental demand for AC-Drive rigs could justify continuing the new rig
construction program for another three to four years.
Penn Virginia Corp (PVA)
Increasing Inventory on Big Upper EF IP
15 May 2014 sendspace.com
Transocean Inc. (RIG)
PBR Wanted The Rig After All
15 May 2014 sendspace.com
Oilfield Services & Equipment
Things We Learned This Week
15 May 2014 sendspace.com
US EIA Petroleum Statistics
PADD III Crude Stocks Reach All-time Highs As Cushing Draws Again;
Imports Climb as Refinery Runs Are Cut
14 May 2014 ¦ 27 pages ir.citi.com |
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