Top Gas Companies To Invest In 2015

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Top Gas Companies To Invest In 2015: NK Lukoil OAO (LUKOY)

LUKOIL is a Russia-based integrated oil and gas company. The Company is engaged in the business of oil exploration, production, refining, marketing and distribution. The Company’s exploration and production activity is located in Russia, and its main resource base is in Western Siberia. It owns modern refineries, gas processing and petrochemical plants located in Russia, Eastern and Western Europe. The Company’s petroleum products are sold in Russia, Eastern and Western Europe and United States. The Company operates in four business segments: exploration and production, refining, marketing and distribution, and chemicals and other business.

In January 2009, the Company acquired a 100% interest in Energoaktiv ZAO. In March 2009, the Company established a subsidiary, LUKOIL Overseas Holding GmbH. In Addition, in March 2009, LUKoil OAO increased its stake in TGK-8 OAO up to 60.21% from 31.38% previously held. In December 2009, the Company sold its 99.99% stake in Agentstvo LUKOM-A OOO. In February 2010, the Company established a research center, LUKOIL-Engineering OOO, which would be responsible for the research and engineering complex of the exploration and production business segment. The main production region of the Company is Western Siberia. LUKOIL is carrying out international exploration and production projects in Kazakhstan, Egypt, Azerbaijan, Uzbekistan, Saudi Arabia, Colombia, Venezuela, Cote d’Ivoire, Ghana and Iraq.

LUKOIL owns oil refining capacity both in Russia and abroad. In Russia the Company owns four large refineries at Perm, Volgograd, Ukhta and Nizhny Novgorod. Total capacity of LUKOIL facilities in Russia is 44.7 million tons of oil per year. LUKOIL also has refineries in Ukraine, Bulgaria, Romania, and a 49% stake in ISAB refining complex (island of Sicily, Italy), with total capacity of 21.8 million tons per year.

Advisors’ Opinion:

  • [By Charles Sizemore]

    Next on the list is French oil major Total SA (TOT). Total raised some eyebrows last month as discussions progressed to develop Russia’s massive shale fields in partnership with Lukoil (LUKOY). It appears that, despite the ongoing threat of sanctions from the United States, business is going on as usual in the real world.

  • [By Dividend Growth Investor]

    ConocoPhillips (COP) explores for, produces, transports, and markets crude oil, bitumen, natural gas, liquefied natural gas, and natural gas liquids on a worldwide basis. I am attracted to the above average yield on ConocoPhillips, in comparison to Exxon and Chevron. Unfortunately Chevron is already one of my highest weighted positions, which is why ConocoPhillips was the second US oil choice. I am building my position in the stock with this purchase. The company is extremely well run, has a history of disposing out of non-core assets such as Lukoil stock (LUKOY) and Kashagan Project, and sending cash to shareholders in the process. The company has increased dividends for 13 years in a row, and has managed to boost them by 15.10%/year over the past decade. Currently, the stock trades at 10.70 times earnings and yields 4.20%. Check my analysis of ConocoPhillips.

Top Gas Companies To Invest In 2015: Just Energy Group Inc (JE)

Just Energy Group Inc. (Just Energy), formerly Just Energy Income Fund, is engaged in the sale of natural gas and/or electricity to residential and commercial customers under long-term, fixed-price, price-protected or variable-priced contracts and green energy products. It also offers green products through its JustGreen and JustClean programs. In addition, through National Home Services (NHS), it rents and sells tankless water heaters, air conditioners and furnaces to Ontario residents. Through its subsidiary, Hudson Energy Solar, the Company completes solar power installations for customers in New Jersey, Pennsylvania and Massachusetts.The Company also produces and sells wheat-based ethanol. The Company markets its gas and electricity contracts in Canada and the United States under trade names which include Just Energy, Hudson Energy, Commerce Energy, Amigo Energy and Tara Energy. On October 3, 2011, the Company acquired Fulcrum Retail Holdings LLC. Advisors’ Opinion:

  • [By Jake L’Ecuyer]

    Just Energy Group (NYSE: JE) shares tumbled 12.60 percent to $6.31 on Q1 results. Just Energy reported its Q1 earnings of $1.06 per share on revenue of $3.61 billion.

  • [By Rich Duprey]

    Natural gas and electricity retailer Just Energy (NYSE: JE  ) announced yesterday its monthly July dividend of $0.07 Canadian per share, the same rate it’s paid for the past three months after cutting the payout 32% from $0.10333 Canadian per share in April.

Top Gas Companies To Invest In 2015: Midstates Petroleum Company Inc (MPO)

Midstates Petroleum Company, Inc. is an independent exploration and production company. The Company’s areas of operation include Pine Prairie, South Bearhead Creek/Oretta, West Gordon and North Cowards Gully. Its Upper Gulf Coast Tertiary trend extends from south Texas to Mississippi across its operating areas in central Louisiana. As of December 31, 2011, it had accumulated approximately 77,100 net acres in the trend. As of December 31, 2011, its development operations are focused in the Wilcox interval of the trend. The Company’s business is conducted through Midstates Petroleum Company LLC, as a direct, wholly owned subsidiary. In September 2012, the Company and its subsidiary acquired all of Eagle Energy Production, LLC’s producing properties as well as their developed and undeveloped acreage primarily in the Mississippian Lime oil play in Oklahoma and Kansas.

As of December 31, 2011, it drilled 57 gross wells in the trend, approximately 93% of. Duri ng the year ended December 31, 2011, its average daily production were 7,499 barrels of oil equivalent per day. As of December 31, 2011, it had a total of 974 gross vertical drilling locations, including 115 related to acreage under option, in the trend. As of December 31, 2011, the Company’s properties included approximately 92 gross active producing wells, 95% of, which it operate, and in which it held an average working interest of approximately 99% across its 77,100 net acre leasehold. During March 31, 2012, the Company continued its drilling program, spudding 14 wells, of which nine are producing, three are being drilled and two are waiting to be completed. As of December 331, 2011, it averaged daily production is approximately 9,000 barrels of oil equivalent per day.

Pine Prairie

The Company’s properties in the Pine Prairie area represented 46% of its total proved reserves as of December 31, 2011. During 2011, the Company’s average produ ction from these properties was 3,793 net barrels of oil equ! ivalent per day, consisting of 2,143 barrels of oil, 565 barrels of natural gas liquidations (NGLs) and 6,508 million cubic feet of natural gas per day. As of December 31, 2011, it held an average working interest and average net revenue interest of 92.2% and 68.9%, respectively, on its acreage in Pine Prairie area. The Company has an additional 194 identified drilling locations in this area based primarily on 10-acre spacing.

South Bearhead Creek/Oretta

The Company’s properties in the South Bearhead Creek/Oretta area represented 20.3% of its total proved reserves as of December 31, 2011. During 2011, the Company’s average production from these properties was 4,367 net barrels of oil equivalent per day, consisting of 2,196 barrels of oil, 438 barrels of NGLs and 10,396 million cubic feet of natural gas per day. During 2011, these wells produced at an average daily rate of 2,413 net barrels of oil equivalent per day. As of December 31, 2011, it held an average working interest and average net revenue interest of 100% and 78.5%, respectively, on its acreage in South Bearhead Creek/Oretta area. The Company has an additional 43 identified drilling locations in this area based primarily on 40-acre spacing.

West Gordon

The Company’s properties in the West Gordon area represented 21% of its total proved reserves as of December 31, 2011. During 2011, the Company’s average production from these properties was 1,002 net barrels of oil equivalent per day, consisting of 617 barrels of oil, 68 barrels of NGLs and 1,901 million cubic feet of natural gas per day. As of December 31, 2011, it held an average working interest and average net revenue interest of 95.9% and 71.2%, respectively, on its acreage in West Gordon area. The Company has an additional 74 identified drilling locations in this area based primarily on 40-acre spacing.

North Cowards Gully

The Company’s prop erties in the North Cowards Gully area represented 11.5% of ! its total! proved reserves as of December 31, 2011. During 2011, the Company’s average production from these properties was 149 net barrels of oil equivalent per day consisting of 103 barrels of oil, 11 barrels of NGLs, and 211 million cubic feet of natural gas per day. As of December 31, 2011, it held an average working interest and average net revenue interest of 94.3% and 71.2%, respectively, on its acreage in North Cowards Gully area. The Company has an additional 95 identified drilling locations in this area based primarily on 40-acre spacing.

Advisors’ Opinion:

  • [By The Energy Report]

    Onshore, my favorite play is the Utica Shale, in which my top plays are Gulfport Energy Corp. (GPOR) and Rex Energy Corp. (REXX). Both companies have highly economic acreage, solid balance sheets and industry-leading production growth. I also like Rex Energy for its likely production upside. Another one of my favorite plays is the Eagle Ford Shale, in which my top plays are Penn Virginia Corp. (PVA) and Sanchez Energy Corp. (SN). Both have core acreage in the region, improving operating results and experienced management. Another favorite name of mine is Midstates Petroleum Co. Inc. (MPO). The company has assets in three solid plays and a management team with a long successful track record. Those are my favorite names at this time.

  • [By Roberto Pedone]

    One energy player that’s starting to move within range of triggering a major breakout trade is Midstates Petroleum (MPO), an independent exploration and production company focused on the application of modern drilling and completion techniques to oil-prone resources. This stock is off to a rough start in 2013, with shares off by 30%.

    If you look at the chart for Midstates Petroleum, you’ll notice that this stock has recently come out of a nasty downtrend that took shares from over $8 to its low of $4.26 a share. Shares of MPO have started to find some buying interest over the last month at $4.44, 4.26 and $4.48 a share, as the stock has held those levels on recent pullbacks. This could be signaling that a bottom is forming for MPO, since the downside volatility looks over. Shares of MPO are now rebounding strong off those support levels and are quickly moving within range of triggering a major breakout trade.

    Traders should now look for long-biased trades in MPO if it manages to break out above some near-term overhead resistance levels at $4.82 a share and then once it takes out its 50-day moving average at $5.30 a share with high volume. Look for a sustained move or close above those levels with volume that hits near or above its three-month average action of 542,939 shares. If that breakout triggers soon, then MPO will set up to re-test or possibly take out its next major overhead resistance levels at $6 to its 200-day moving average of $6.54 a share.

    Traders can look to buy MPO off any weakness to anticipate that breakout and simply use a stop that sits right below some key near-term support levels at $4.48 or $4.26 a share. One can also buy MPO off strength once it takes out those breakout levels with volume and then simply use a stop that sits a comfortable percentage from your entry point.

Top Gas Companies To Invest In 2015: Pembina Pipeline Corp (PBA)

Pembina Pipeline Corporation (Pembina) is a Calgary-based company, engaged in providing transportation and midstream services. It owns and operates: pipelines that transport conventional and synthetic crude oil and natural gas liquids produced in western Canada; oil sands, heavy oil and diluent pipelines; gas gathering and processing facilities; and, an oil and natural gas liquids infrastructure and logistics business. It has facilities located in western Canada and in natural gas liquids markets in eastern Canada and the United States. Pembina also offers a spectrum of midstream and marketing services. Pembina’s Midstream business is organized into two segments: crude oil and NGL. The crude oil segment represents the Company’s midstream operations. The NGL segment includes two operating systems: Redwater West and Empress East. Pembina’s Conventional Pipelines business consists of a pipeline network, located 7,850 kilometers, that extends across much of Alberta and Britis h Columbia. Advisors’ Opinion:

  • [By Vanin Aegea]

    Two companies that have been around for some time now are Imperial Oil (IMO) and Pembina Pipeline (PBA). Political instability in the Middle East has also given an extra relevance to the reserves found at this region, so let us see what the future holds and what gurus think of them.

  • [By Rich Duprey]

    Midstream operator Pembina Pipeline  (NYSE: PBA  )  announced yesterday its monthly dividend for May of $0.135 per share, which is designated an “eligible dividend” for Canadian income tax purposes. For non-resident shareholders, Pembina’s dividends are considered “qualified dividends” and are subject to Canadian withholding tax.

  • [By Rich Duprey]

    Midstream operator Pembina Pipeline (NYSE: PBA  ) announced yesterday its monthly dividend for July, of $0.135 per share, which is designated an “eligible dividend” for Canadian income tax purposes. For non-resident shareholders, Pembina’s dividends are considered “qualified dividends,” subject to Canada’s withholding tax.

Top Gas Companies To Invest In 2015: Legacy Oil + Gas Inc (LEGPF.PK)

Legacy Oil + Gas Inc. (Legacy) is engaged in exploration, exploitation and development drilling for oil and natural gas reserves. Legacy’s wholly owned subsidiary, Legacy Oil & Gas ND, Inc., holds properties and operates in the State of North Dakota. Its Southeast Saskatchewan properties are located in an area ranging from approximately 130 to 290 kilometers southeast of the city of Regina, Saskatchewan. Legacy has an average working interest of approximately 75% in 24,576 gross (18,647 net) acres of undeveloped land at Taylorton. It has an average working interest of approximately 70% in 32,959 gross (22,938 net) acres of undeveloped land in the Viewfield Bakken play with properties at Stoughton, Heward and Star Valley. On January 1, 2011, it amalgamated with its wholly owned subsidiaries Legacy VRI Ltd. and Legacy TV Ltd. In April 2013, it closed the acquisition of Villanova Oil Corp. (Villanova) and the acquisition of light oil assets. Advisors’ Opinion:

  • [By Value Digger]

    To open up new Cardium opportunities, Manitok is also expanding to the Southern Alberta Foothills, where it plans to drill the first well of the farm-in with Legacy Oil & Gas (LEGPF.PK) before year end. Legacy Oil has a 99% average working interest in the Farm-in Lands prior to Manitok earning. Manitok will pay 100% of the cost to drill, complete and equip one horizontal Cardium oil well in order to earn 70% of Legacy’s working interest, in a small block of land within the Farm-in Lands. If Manitok drills, completes and equips 3 horizontal Cardium oil wells at 100% of the cost, it will earn the entire 70% of working interest in Legacy’s Farm-in Lands.

Top Gas Companies To Invest In 2015: Hi Crush Partners LP (HCLP)

Hi Crush Partners LP, formerly Hi-Crush Partners LP, is a domestic producer of monocrystalline sand, a specialized mineral that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells. The Company reserves consist of Northern White sand, a resource existing in Wisconsin and limited portions of the upper Midwest region of the United States. It owns, operates and develops sand reserves and related excavation and processing facilities and will seek to acquire or develop additional facilities. The Company’s 561-acre facility with integrated rail infrastructure, located near Wyeville, Wisconsin, enables it to process and deliver approximately 1,600,000 tons of frac sand per year. In June 2013, Hi Crush Partners LP announced the completion of its acquisition of D&I Silica, LLC (D&I).

The Company’s frac sand production is sold to investment grade-rated pressure pumping service providers under long-term, contracts that req uire its customers to pay a specified price for a specified volume of frac sand each month. The Company owns and operates the Wyeville facility, which is located in Monroe County, Wisconsin and, as of December 31, 2011, contained 48.4 million tons of proven recoverable sand reserves of mesh sizes it has contracted to sell. From the Wyeville in-service date to March 31, 2012, it had processed and sold 555,250 tons of frac sand.

Advisors’ Opinion:

  • [By Robert Rapier and Igor Greenwald]

    Some MLPs have experienced huge capital appreciation. Three–Icahn Enterprises (Nasdaq: IEP), Hi-Crush Partners (NYSE: HCLP), and The Blackstone Group (NYSE: BX)–gained over 100 percent in 2013. A fourth, American Midstream Partners (NYSE: AMID) gained 96 percent for the year.

  • [By Robert Rapier]

    Hi-Crush Partners (NYSE: HCLP) was the year’s best-performing energy MLP with a rally of 130 percent. HCLP is a pure-play supplier of monocrystalline sand that is used as a proppant to enhance the recovery rates of hydrocarbons from oil and natural gas wells that have been hydraulically fractured. Its reserves consist of Northern white sand, predominantly found in Wisconsin and portions of the upper Midwest region of the US. At the most recent closing price, the annualized yield based on the the last quarterly distribution is 4.9 percent.

  • [By John Udovich]

    Yesterday, small cap fracking stock CARBO Ceramics Inc (NYSE: CRR) surged 28.32% after reporting earnings while fracking peer U.S. Silica Holdings Inc (NYSE: SLCA) jumped 9.50% and Hi-Crush Partners LP (NYSE: HCLP) rose 3.20% – no doubt on positive sentiment. However, are investors missing anything with CARBO Ceramics and is it too late to get in on the action there?

  • [By Dan Burrows]

    It sounds like a soft-drink company, but Hi-Crush Partners (HCLP) is racking up profits through the revolution in oil extraction.

    This tiny company with a market cap of just $917 million makes the sand used in fracking — and as anyone in an oil-boom state like North Dakota can tell you, business is good.

Top Gas Companies To Invest In 2015: Bison Petroleum Corp (BISN)

Bison Petroleum Corp. (Bison), incorporated on February 9, 2010, is an independent American oil and gas company founded to provide the United States energy security by developing and producing oil and gas from the nation’s energy heartlands. Bison’s holdings are located in the Bighorn Basin, Wyoming.

On August 9, 2013, he Company entered into a Lease Purchase Agreement with Nelan Advisors Corporation (Nelan), whereby Nelan sold certain oil and gas leases issued by the State of Wyoming to Bison. Bison focuses to commence oil and gas drilling operations on these leases.

Advisors’ Opinion:

  • [By Peter Graham]

    On Friday, small cap stocks Bison Petroleum Corp (OTCMKTS: BISN) and Interactive Leisure Systems Inc (OTCMKTS: IALS) sank 16.27% and 16%, respectively, and despite being the subject of recent paid promotions or investor relation campaigns. Of course, there is nothing wrong with a properly disclosed stock promotion or paid for investor relations campaigns, but investors and traders alike need to be careful about how they get into and exit such stocks before getting badly burned. With that in mind, here is a quick look at both small cap stocks to help you decide on an investment or trading strategy for this week:

    Bison Petroleum Corp (OTCMKTS: BISN) Has Given Another Corporate Update

    Small cap Bison Petroleum Corp is a publicly traded oil and gas exploration and development company based in Salt Lake City, Utah, and dedicated to the exploration and development of domestic Energy in the Bighorn Basin of Wyoming. On Friday, Bison Petroleum Corp sank 16.27% to $1.39 for a market cap of $65.35 million plus BISN is up 396.4% since last June according to Google Finance.

Top Gas Companies To Invest In 2015: QEP Midstream Partners LP (QEPM)

QEP Midstream Partners, LP (QEP), incorporated on April 19, 2013, is a limited partnership formed by QEP Resources, Inc. to owns, operates, acquires and develops midstream energy assets. The Company’s primary assets consist of ownership interests in four gathering systems and two Federal Energy Regulatory Commission (FERC)-regulated pipelines, through which it provides natural gas and crude oil gathering and transportation services. The Company’s assets are located in, or are within close proximity to, the Green River Basin located in Wyoming and Colorado, the Uinta Basin located in eastern Utah, and the portion of the Williston Basin located in North Dakota. As of December 31, 2012, the Company’s gathering systems had 1,475 miles of pipeline and an average gross throughput of 1.8 million british thermal units per hour of natural gas and 18,224 barrels of crude oil.

Green River System

The Company’s Green River System, located in western Wy oming, consists of three complimentary systems owned by Green River Gathering, Rendezvous Gas and Rendezvous Pipeline and gathers natural gas production from the Pinedale, Jonah and Moxa Arch fields. In addition to gathering natural gas, the system also gathers and stabilizes crude oil production from the Pinedale Field, transports the stabilized crude oil to an interstate pipeline interconnect, and gathers and handles produced and flowback water associated with well completion activities in the Pinedale Field. The Green River Gathering assets are comprised of 405 miles of natural gas gathering pipelines, 61 miles of crude oil gathering pipelines, 81 miles of water gathering pipelines and a 60-mile, FERC-regulated crude oil pipeline located in the Green River Basin. The Rendezvous Gas assets consist of three parallel, 103-mile high-pressure natural gas pipelines, with 1,032 million cubic feet per day of throughput capacity and 7,800 basic hydrogen peroxide of gas compression . Rendezvous Pipeline’s sole asset is a 21-mile, FERC-regu! lated natural gas transmission pipeline that provides gas transportation services from QEP’s Blacks Fork processing complex in southwest Wyoming to an interconnect with the Kern River Pipeline.

Vermillion Gathering System

The Vermillion Gathering System consists of gas gathering and compression assets located in southern Wyoming, northwest Colorado and northeast Utah, which, when combined, include 454 miles of low-pressure, gas gathering pipelines and 23,197 basic hydrogen peroxide of gas compression. The Vermillion Gathering System is primarily supported by life-of-reserves and long-term, fee-based gas gathering agreements with minimum volume commitments, which are designed to ensure that it will generate a certain amount of revenue over the life of the gathering agreement by collecting either gathering fees for actual throughput or payments to cover any shortfall. The primary customers on our Vermillion Gathering System include Questar, Samson R esources Corporation (Samson Resources), QEP and Chevron USA, Inc. (Chevron).

Three Rivers Gathering System

Three Rivers Gathering is a joint venture between QEP and Ute Energy Midstream Holdings, LLC (Ute Energy) that was formed to transport natural gas gathered by Uintah Basin Field Services, L.L.C., an indirectly owned subsidiary of QEP (Uintah Basin Field Services), and other third-party volumes to gas processing facilities owned by QEP and third parties. The Three Rivers Gathering System consists of gas gathering assets located in the Uinta Basin in northeast Utah, including approximately 50 miles of gathering pipeline and 4,735 basic hydrogen peroxide of gas compression.

Williston Gathering System

The Williston Gathering System is a crude oil and natural gas gathering system located in the Williston Basin in McLean County, North Dakota. The Williston Gathering System includes 17 miles of gas gathering pipelines, 17 mi les of oil gathering pipelines 239 basic hydrogen peroxide o! f gas com! pression, and a crude oil and natural gas handling facility, located primarily on the Fort Berthold Indian Reservation.

The Company competes with Enterprise Products Partners, L.P., Western Gas and The Williams Companies, Inc.

Advisors’ Opinion:

  • [By Lauren Pollock]

    QEP Resources Inc.(QEP) plans to separate its midstream business, QEP Field Services Co., into a separate entity, including its interest in QEP Midstream Partners LP(QEPM).

  • [By Dimitra DeFotis]

    But things aren’t all bad. A spate of initial public offerings traded at nice prices Friday. Among them was QEP Midstream Partners (QEPM), an energy master limited partnership. (Press release here). More on IPOs from Bloomberg here.

  • [By Jon C. Ogg]

    QEP Midstream Partners L.P. (NYSE: QEPM) was started as Buy at Janney Capital, and note that four other firms started coverage earlier this week.

    ServiceNow Inc. (NYSE: NOW) was started as Buy with a $55 price target at Canaccord Genuity.

Top Gas Companies To Invest In 2015: Nabors Industries Ltd (NBI)

Nabors Industries Ltd. (Nabors), incorporated on December 11, 2001, is the land drilling contractor and land well-servicing and workover contractors in the United States and Canada. The Company markets approximately 474 land drilling rigs for oils and gas land drilling operations in the United States Lower 48 states, Alaska, Canada and over 20 other countries globally. The Company actively markets approximately 442 rigs for land well-servicing and workover work in the United States and approximately 106 rigs for land well-servicing and workover work in Canada. In 2012, the Company sold its remaining wholly-owned oil and gas business in Colombia and sold additional wholly owned assets in the United States. In April 2012, TransForce Inc. acquired through its subsidiary, I.E. Miller Services, Inc, certain assets of Peak USA Energy Services, Ltd., subsidiary of Nabors Industries Ltd. In December 2012, the Company sold its 49.7% ownership interest in NFR Energy LLC (NFR Energy) .

The Company is a provider of offshore platform workover and drilling rigs, and actively markets 36 platform, 12 jackup and four barge rigs in the United States, including the Gulf of Mexico, and multiple international markets.The Company provides completion and production services, including hydraulic fracturing, cementing, nitrogen and acid pressures pumping services with over 805,000 hydraulic horsepower in United States and Canada. The Company offers a range of ancillary well-site services, including engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, rigs instrumentation, data collection and other support services in select United States and international markets. The Company manufactures and lease or sell drives for a ranges of drilling applications, directional drilling systems, rig instrumentation and data collection equipment, pipeline handling equipment and rig reporting software. The Company has a 51% ownership interest in a joint venture in Saudi Arabia, w! hich owns and actively markets nine rigs in addition to the rigs the Company leases to the joint venture.

A land-based drilling rig generally consists of engines, a drawworks, a mast (or derrick), pumps to circulate drilling fluid under various pressures, blowout preventers, drill string and related equipment. Special-purpose drilling rigs used to perform workover services consist of a mobile carrier, which includes an engine, drawworks and a mast, together with other standard drilling accessories and specialized equipment for servicing wells. These rigs are specially designed for repairs and modifications of oil and gas wells, including standard drilling functions. Land-based drilling rigs are moved between well sites and among geographic areas using the Company’s fleet of cranes, loaders and transport vehicles or those of third-party service providers.

Platform rigs provide offshore workover, drilling and re-entry services. The Company’s platform rigs have drilling and/or well-servicing or workover equipment and machinery arranged in modular packages that are transported to, and assembled and installed on, fixed offshore platforms owned by the customer. Jackup rigs are mobile, self-elevating drilling and workover platforms equipped with legs that can be lowered to the ocean floor until a foundation is established to support the hull, which contains the drilling and/or workover equipment, jacking system, crew quarters, loading and unloading facilities, storage areas for bulk and liquid materials, helicopter landing deck and other related equipment. The Company also own two workover inland barge rigs. These barges are designed to perform plugging and abandonment, well-service or workover services in shallow inland, coastal or offshore waters.

The Company provides a range of wellsite solutions to oil and natural gases companies, consisting primarily of technical pumping services, including hydraulic fractur ing, a process sometimes used in the completion of oil and g! as wells ! whereby water, sand and chemicals are injected under pressure into subsurface formations to stimulate gas and oil production, and down-hole surveying services. Other technical services include completion, production and rental tool services. In addition, the Company provides fluid logistics services, including those related to the transportation, storage and disposal of fluids that is used in the drilling, development and production of hydrocarbons.

The Company provides maintenance services on the mechanical apparatus used to pump or lift oils from producing wells. These services include, among other activities, repairing and replacing pumps, sucker rods and tubing. They also occasionally include drilling services. The Company provides the rigs, equipment and crews for these tasks, which are performed on both oil and natural gas wells, but which are more commonly required on oil wells. Producing oil and natural gas wells occasionally require repairs or modificat ions, called workovers. The Company can also provide other specialized services, including onsite temporary fluid storage; the supply, removal and disposal of specialized fluids used during certain completion and workover operations, and the removal and disposal of salt water that often accompanies the production of oil and natural gas.

Through various subsidiaries, the Company manufactures top drives and catwalks, which is installed on both onshore and offshore drilling rigs. The Company provides heavy equipment to move drilling rigs, water, other fluids and construction materials as well as the means to moves such equipment. The Company offers specialized drilling technologies, including patented steering systems and rigs instrumentation software systems, including ROCKITTM directional drilling system, which is used to provide data collection services to oil and gas exploration and service companies, and RIGWATCHTM software, which is computerized software and equipment that monitors a rig’s real-time performance and da! ily repor! ting for drilling operations, making this data available through the Internet.

The Company competes with Helmerich and Payne, Inc., Patterson-UTI Energy, Inc., Basic Energy Services, Inc., Key Energy Services, Inc., Superior Energy Services, Inc., Forbes Energy Services Ltd., Halliburton, Baker Hughes, Weatherford International Ltd., Schlumberger Limited, FTS International Services LLC, C&J Energy Services, Inc. and RPC, Inc.

Advisors’ Opinion:

  • [By Anora Mahmudova]

    The Nasdaq Composite (COMP)  shed 16.18 points, or 0.4%, to 4,051.50, losing 2.1% over the past three sessions. Biotech stocks sold off, with the Nasdaq Biotechnology index (NBI)  down 1.9%.

  • [By Anora Mahmudova]

    The Nasdaq Composite (COMP)  added 39.91 points, or 1%, to 4,161.46, recording the sixth consecutive session of gains, helped by a 6% rally in Netflix, Inc. Biotechnology and pharmaceutical companies also jumped. Both the Nasdaq Biotechnology index (NBI)   and the iShares Nasdaq Biotechnology ETF (IBB)   rose 3.2%.

  • [By Anora Mahmudova]

    The Nasdaq Composite (COMP)  dropped 129.79 points, or 3.1%, its worst one-day percentage decline since November 2011. The Nasdaq Biotech index (NBI)   as well as iShares Nasdaq Biotechnology ETF (IBB)   dropped 5.6%.