Investorideas.com energy stocks newswire

Friday, November 12, 2010

Energy Stocks; Woodford Shale Significant to Revenue Growth; (OTC.BB: AAPH), (NYSE: DVN), (NYSE: MRO), (NYSE: XEC)

Which energy stocks are betting on Oklahoma/Woodford for significant revenue growth?



Point Roberts WA- November 12, 2010 (Investorideas.com Energy Newswire) � www.Investorideas.com reports on stocks in the Woodford Shale play in the second of a series of articles on energy stocks in the area. The series looks at the Oklahoma players and why the buzz on the area is building momentum. Using the theory of �follow the money� to see where you should be investing, Investorideas.com follows the trail to Oklahoma.
Reuters quote the CEO of Marathon Oil Corporation (NYSE: MRO) in an article yesterday stating, "Woodford expansion has better value than Bakken."
More: http://www.reuters.com/article/idAFN1120364420101111?rpc=44
In a recently published Investorideas.com interview, Robert McIntosh, President & C.E.O. of (OTC.BB: AAPH) notes, “Shale plays for oil and gas are the new technology of the industry. Advancements in direction drilling and secondary recovery allow us to drill along these shales-they have oil it's been found and is more of an engineering issue to extract it, like oil sands. So we will have known predictable oil and not have to "wildcat" hoping to discover oil. The Bakken is 200 feet thick and is worth billions to the companies involved. Our Oklahoma shale is new and we are on the cutting edge of drilling leasing and production. And the majors are there-Devon (NYSE: DVN, Chesapeake (NYSE: CHK), Newfield (NYSE: NFX and others now producing gas from the Woodford shale in the south of the State."
Cimarex (NYSE: XEC) recently Reported Third-Quarter 2010 Net Income of $128.2 Million and reported “The year-over-year production increase reflects solid drilling results in western Oklahoma Cana-Woodford shale, Permian Basin and southeast Texas Gulf Coast."
Woodford Shale/Oklahoma Energy Stocks; Trading as of the close November 11th
  • American Petro-Hunter, Inc. (OTC.BB: AAPH) closed at $0.33, up 0.01 (3.12%) on 122,629 shares.
  • Cimarex Energy (NYSE: XEC) closed at $ 82.39, up $ 0.50 (0.61%) on 845,131 shares.
  • Continental Resources, Inc. (NYSE: CLR) closed at $ 50.47, up $ 0.07 (0.14%)
  • Devon Energy Corporation (NYSE: DVN) closed at $72.76 up $ 0.86 (1.20%)
  • Evolution Petroleum Corporation (AMEX: EPM) closed at $5.90, down 0.12 (1.99%)
  • Newfield Exploration Company (NYSE: NFX) closed up at $66.30, up 0.07 (0.11%) on 1,231,365 shares.
  • Marathon Oil Corporation (NYSE: MRO) closed at $34.14, up 0.11 (0.32%) on 5,092,836 shares.
  • Panhandle Oil and Gas Inc (NYSE: PHX) closed at $ 28.20, up $ 0.20 (0.71%)
Read Woodford Shale news at the Oil and Gas Journal:
http://www.ogfj.com/index/unconventional/Woodford-Shale.html
Recent Oil and Gas Stocks/ Woodford Shale News:
American Petro-Hunter, Inc. (OTC.BB: AAPH)
American Petro-Hunter (OTCBB: AAPH) to Complete NOJ26 Oil Well at North Oklahoma Project
SCOTTSDALE, AZ - November 11, 2010 (Investorideas.com energy newswire) � American Petro-Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") today wishes to provide the latest update regarding the ongoing oil well completion program currently being undertaken at the NOJ26 location, North Oklahoma Project.
Engineers from the Company and operator have determined to commence the full well completion program from the multiple oil pay zones and have begun to perforate and complete the upper 40 foot Mississippi formation directly above the oil shale. The completion rig was directed to remain onsite, as it has been determined that the upper zone can be safely completed at this time and presents the most cost effective scenario prior to the well ultimately going on pump. The 40 foot Mississippi pay zone showed excellent oil shows and good electronic log response during and following drilling. Two analog wells from the same Mississippi formation between � and � mile away have cumulatively produced 46,000 barrels of oil and .75 BCF gas to date. Full news: http://www.investorideas.com/CO/AAPH/news/11112.asp
Q&amp.A Interview with Oil and Gas Stock, American Petro-Hunter (OTCBB: AAPH) Robert McIntosh, President & C.E.O. - It is my opinion that the Woodford is a "mini-Bakken" for now and can possibly be one of the biggest oil plays in Oklahoma history.
Full interview/article: http://www.investorideas.com/CO/AAPH/news/11021.asp
Cimarex (NYSE: XEC) Reports Third-Quarter 2010 Net Income of $128.2 Million
DENVER , Nov. 3, 2010 / Cimarex Energy Co. (NYSE: XEC) reported third-quarter 2010 net income of $128.2 million, or $1.50 per diluted share. This compares to third-quarter 2009 earnings of $38.7 million, or $0.46 per diluted share.
Revenues from gas, oil and natural gas liquids (NGLs) sales in the third quarter of 2010 were $366.6 million, a 54% increase compared to $238.3 million in the same period of 2009. Third-quarter 2010 cash flow from operations totaled $296.8 million versus $181.7 million a year ago (1).
...Third-quarter 2010 production grew 36% from the third-quarter 2009 average of 441.5 MMcfe/d. The year-over-year production increase reflects solid drilling results in western Oklahoma Cana-Woodford shale, Permian Basin and southeast Texas Gulf Coast.
Full news: http://finance.yahoo.com/news/Cimarex-Reports-ThirdQuarter-prnews-960666744.html?x=0&.v=1

Evolution Petroleum (AMEX: EPM) Reports Fiscal 2011 First Quarter Financial and Operational Results
HOUSTON, Nov. 11, 2010 /- Evolution Petroleum Corporation (AMEX: EPM) today reported financial and operational results for the three months ended September 30, 2010, the Company's first quarter of fiscal year 2011 ("Q1-11").
...
Woodford Shale Gas, Eastern Oklahoma
We began field operations to recomplete our vertical Limon well in Wagoner County, Oklahoma from the Caney Shale into the Woodford Shale at a depth of 1,500'. We also began operations to re-enter and test the Woodford Shale in two vertical wells in Haskell County at depths of approximately 5,000'.
Marathon to drill heavily in Woodford shale in '11
Thu Nov 11, 2010 6:07pm EST
  • CEO says Woodford expansion better value than Bakken
  • Plans 18 to 22 wells in Woodford next year
SAN FRANCISCO Nov 11 (Reuters) - Marathon Oil Corp (MRO.N) plans to greatly expand its drilling program in the Woodford shale next year because it represents a superior investment, its chief executive said on Thursday.
The Woodford shale in Oklahoma delivers high output rates at a more reasonable cost relative to North Dakota's Bakken shale, where Marathon already plans to increase net output over the next three years to 22,000 barrels of oil equivalent per day from about 14,000 now, CEO Clarence Cazalot said.
Marathon 's Woodford program from 2008 to 2010 included five company-operated wells and 13 outside-operated wells, but the 2011 program will see three to five company-operated rigs drill 18 to 22 wells, and between 50 and 90 wells drilled by others
Full story: http://af.reuters.com/article/energyOilNews/idAFN1120364420101111
Research more oil and gas stocks at the investorideas.com stock directory:
http://www.investorideas.com/OGSN/Stock_List.asp
More info: American Petro-Hunter, Inc. (OTCBB: AAPH)
The Company is a goal-oriented exploration and production (E&P) Company aiming to become an intermediate level oil and gas producer within 12 months. The Company is in production at the Poston Project in Trego County Kansas with new drilling activity and production underway at the North Oklahoma Oil Project. With the achievable target of becoming a 1000 BOE producer as our goal, American Petro-Hunter is actively on the hunt for domestic petroleum assets.
www.americanpetrohunter.com
Company Research
http://www.aaphreport.com/
Visit the AAPH showcase profile at InvestorIdeas.com
http://www.investorideas.com/CO/AAPH/
Request News and Info on AAPH
http://www.investorideas.com/Resources/Newsletter.asp
Disclosure, Disclaimer/ AAPH is a paid for advertising client on Investorideas.com - see below.
Contact American Petro-Hunter:
Mountainview IR Services, Inc.
1-888-521-7762
investors@americanpetrohunterinc.com
About InvestorIdeas.com:
InvestorIdeas.com is a leading global investor and industry research resource portal specialized in sector investing, covering leading industry sectors including mining and gold stocks, in addition to global markets including China, India, the Middle East and Australia. Investorideas.com is known for its comprehensive stock directories in each sector and sector specific newswires.
Sign up for the free investor news letter and get stock alerts in leading sectors! http://www.investorideas.com/Resources/Newsletter.asp
Disclaimer/ Disclosure: The following news is paid for and /or published as information only for our readers. American Petro-hunter Inc. (AAPH.OB) one month showcase energy stock on Investorideas.com and all related energy portals and blogs (twenty thousand per month) Investorideas.com is a third party publisher of news and research .Our sites do not make recommendations, but offer information portals to research news, articles, stock lists and recent research. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of principal .This site is currently compensated by featured companies, news submissions and online advertising.
Investorideas.com Disclaimer: http://www.investorideas.com/About/Disclaimer.asp
Investorideas.com Disclosure: http://www.investorideas.com/About/News/Clientspecifics.asp
For Additional Information about Investorideas.com energy portals: 800-665-0411 or cvanzant@investorideas.com