Hot Energy Stock Stocks ; Woodford Shale Plays (OTC.BB: AAPH), (NYSE: CLR), (NYSE: DVN), (NYSE: PHX)
Why Big Energy Stocks are Oklahoma Bound
Point Roberts WA- November 11, 2010 (Investorideas.com Energy Newswire) –
www.Investorideas.com reports on stocks in the Woodford Shale play as energy stocks take
center stage in the market. In a recent Investorideas.com Q&A ,Robert McIntosh, President &
C.E.O. of (OTC.BB: AAPH) stated “ 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.”
As energy stocks heat up Investorideas.com presents the first in a series of articles on the
Woodford Shale play and examines why some of the big players are Oklahoma bound.
Panhandle Oil and Gas Inc. (NYSE: PHX) just announced record reserves, with Woodford
playing a significant role . According to the press release , “Since 2005, Panhandle's total proved
reserves have grown 232% from 31.2 Bcfe to 103.7 Bcfe, at a compound annual growth rate
of 27.2%. This growth is principally the result of reserves added from development of the two
Oklahoma Woodford Shale plays and the Arkansas Fayetteville Shale.”
According to the Oil and Gas Journal,” Of the numerous companies drilling in the Woodford
shale, Houston-based Newfield Exploration (NYSE: NFX) and Oklahoma City-based Devon
(NYSE: DVN) are the largest producers. Both companies have sold off much of their offshore
assets in the Gulf of Mexico and elsewhere in order to focus their attention on unconventional
resources such as the Woodford and other shale plays.” http://www.ogfj.com/index/unconventional/
Devon (NYSE: DVN) recently announced Third-Quarter 2010 Net Earnings Increase
to $2.1 Billion. In the company's November 3rd press release, they report on Woodford
production. “Production from the company's Cana-Woodford Shale play in western Oklahoma
averaged a record 117 million cubic feet of gas equivalent per day during the quarter. This
represents an increase in production of 122 percent over the year-ago quarter. Devon expects to
commence operations from its Cana gas processing plant by the end of 2010. “
In November 2009, Devon announced a plan to strategically reposition itself as a focused North
American onshore company.
Woodford Shale Energy Stocks ; Trading as of the close November 10th
American Petro-Hunter, Inc. (OTC.BB: AAPH) closed at$0.32, up 0.0050 (1.59%)
Continental Resources, Inc.(NYSE: CLR) closed at $50.40, up 0.10 (0.20%)
Devon Energy Corporation (NYSE: DVN) closed at $ 71.90, up $1.07 (1.51%)
Newfield Exploration Company (NYSE: NFX) closed at$66.23, up $1.81 (2.81%)
Panhandle Oil and Gas Inc (NYSE: PHX) closed at $28.00, up 0.36 (1.30%)
Read Woodford Shale news at the Oil and Gas Journal :
Recent Oil and Gas Stocks/ Woodford Shale News:
American Petro-Hunter, Inc. (OTC.BB: AAPH)
Q&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
American Petro-Hunter (OTCBB: AAPH) Updates Progress of NOJ26 Well Completion
Program at North Oklahoma Project
SCOTTSDALE, AZ - November 4, 2010 (Investorideas.com energy newswire) – American Petro-
Hunter, Inc. (OTC.BB:AAPH) ("American Petro-Hunter" or the "Company") is pleased to provide
this latest update regarding the ongoing completion program of the NOJ26 oil well at the North
NOJ26 has undergone a successful fracture stimulation ("frac") program on the oil bearing
shale formation. The operator has begun swabbing back the "frac" fluid load and reports that the
procedure will be completed in 2 days following which a calculated BPD rate can be ascertained.
The Company has been advised that as all pump and tank storage equipment has arrived on site
and is ready for immediate installation it is anticipated that NOJ26 will be on pump and producing
by early next week as it commences production from the shale formation. Ultimately, the true test
of the shale will be the actual quantity of oil sent to the tanks over the upcoming weeks as it is
expected that an early flash of oil will be followed by a period of stabilization.
Full news : http://www.investorideas.com/CO/AAPH/news/11041.asp
Antero Resources Announces Closing of Oklahoma Midstream Sale Denver, Colorado,
November 8, 2010—Antero Resources today announced that it has closed the previously
announced sale of its midstream assets, located in the Woodford Shale area of the Arkoma
Basin, to Cardinal Midstream, LLC (“Cardinal”) for $270 million, after giving effect to working
capital adjustments. The sale to Cardinal included a 60% membership interest in Centrahoma
Processing LLC, which is a joint venture with MarkWest Energy Partners, L.P. that operates
two cryogenic processing plants in the Arkoma Basin with 100 MMcfd of natural gas processing
capacity. In addition, Antero sold to Cardinal approximately 50 miles of gathering pipeline and an
amine treating plant with 42 MMcfd of capacity.
Panhandle Oil & Gas Inc. Announces 74% Increase of Proved Reserves to a Record 103.7
Bcfe and an Update to Probable and Possible Reserves
OKLAHOMA CITY, Nov. 8, 2010 /-- Panhandle Oil and Gas Inc. (NYSE: PHX), a growing
independent oil and natural gas company with reserves and production in the Anadarko Basin
(Cana) Wood ford Shale, the Arkansas Fayetteville Shale, several western Oklahoma liquid-
rich plays, including the Granite Wash and the Southeastern Oklahoma Woodford Shale,
today announced estimated total proved reserve volumes for the Company's fiscal year ended
September 30, 2010
Total Proved Reserves Increase 74%
Panhandle's estimated total proved reserves at September 30, 2010 increased 74% to 103.7
Bcfe from 59.6 Bcfe reported on September 30, 2009, based on SEC mandated pricing.
September 30, 2010 prices of $4.33 per Mcf for natural gas and $69.23 per barrel for oil
compared to September 30, 2009 prices of $2.86 per Mcf for natural gas and $66.96 per barrel
for oil in the 2009 reserve report. September 30, 2010 prices were the first calculated based on
the SEC Modernization of Oil and Gas Reporting Rules.
Since 2005, Panhandle's total proved reserves have grown 232% from 31.2 Bcfe to 103.7
Bcfe, at a compound annual growth rate of 27.2%. This growth is principally the result of
reserves added from development of the two Oklahoma Woodford Shale plays and the Arkansas
Fayetteville Shale. Panhandle's total estimated proved reserves are 95% natural gas.
Full news : http://finance.yahoo.com/news/Panhandle-Oil-Gas-Inc-prnews-1625333427.ht...
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.
(OTCBB: AAPH) Company Research
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