Oil and Gas Stocks Sector Close-Up; Trading for (OTCBB: AAPH), (OTCQB: USOG), (NYSE:CVX), (NYSE:NOV)
Point Roberts, WA – October 10, 2010 (Investorideas.com Energy Newswire) - InvestorIdeas.com, leader in sector research for investors, reports on Oil and Gas Stocks news and trading for Friday’s close for energy investors.
Oil and Gas Stocks include American Petro-hunter Inc (OTCBB: AAPH), United States Oil & Gas Corp (OTCQB: USOG), Chevron Corp (NYSE:CVX), and National Oilwell Varco, Inc (NYSE:NOV)
Sector Snapshot: (as of close Oct 8th)
American Petro-hunter Inc (OTCBB: AAPH) trading at $0.32
United States Oil & Gas Corp (OTCQB: USOG) trading at $0.0021 - 0.0026 on over 19 million
Chevron Corp (NYSE:CVX), trading at $83.94, up 0.42 (0.50%)
National Oilwell Varco, Inc (NYSE:NOV) trading at 46.61, up 0.97 (2.13%)
Market Snapshot:
Crude Oil Nov 10 83.13 +0.47 Crude Oil Nov 10
Gold Oct 10 1,346.70 +3.80 Gold Oct 10
Natural Gas Nov 10 3.64 -0.01 Natural Gas Nov 10
RBOB Gasoline Nov 10 2.16 +0.01
Oil and Gas Stocks to Watch News
American Petro-hunter Inc (OTCBB: AAPH) Key Highlights and Recent Press
Latest News: October 4th
American Petro-Hunter Prepares NOJ26 for Commercial Oil Production at North Oklahoma Project
“American Petro-Hunter, Inc. is pleased to advise that the previously announced plans for completion of the NOJ26 well at the North Oklahoma Oil Project have commenced. Operations are now underway in order to prepare the well for commercial production. This includes the purchase of a pumping unit and tank battery which are currently undergoing installation at the well site.
Based on an assessment of the well and analysis of the oil shows, the partners have concluded to commence the completion program by first addressing the lower of the two 40 foot pay zones. The oil shale will be perforated, acidized and subsequently put on pump. The completion efforts will culminate in swab and flow testing of the oil bearing shale formation to determine what the zone can and will deliver on a BPD (barrel per day) basis. The Company is confident that based on strong oil shows and subject to fracture stimulation in the shale, the lower pay zone will produce at rates in excess of the No. 1 well which tested at 80 BPD under similar conditions. The upper pay zone directly above the shale at NOJ26 exhibited excellent oil shows and log responses and will be put into production following a period of evaluation in order to maximize the response from the shale..”
American Petro-hunter Inc. 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.
Full news: http://finance.yahoo.com/news/American-PetroHunter-Prepares-iw-3195731505.html?x=0&.v=1
Website: www.aaphreport.com
Visit the AAPH showcase profile on Investorideas.com to learn more:
http://www.investorideas.com/CO/AAPH/
American Petro-Hunter Inc., Key Highlights
-AAPH has acquired working interests in quality oil and gas projects currently focusing on gas in California and oil in Kansas
-AAPH has drilled a successful commercial well on its first endeavor in Kansas.
-AAPH has aligned itself with prudent, experienced and effective oil and gas professionals as project operators.
-AAPH bases its acquisitions on a mix of acceptable risk, high reward and short payback in historically successful and productive regions.
-AAPH plans to "grow by the drill bit" in "our back yard" as we believe the US Domestic oil and gas market will continue to grow in the face of alternative energy which is deemed to be years from maturity.
-AAPH has the stated aim of becoming a 500 BOE producer within 18 months.
-AAPH plans to invest in projects with manageable participation expenditures so as to minimize share dilution.
-AAPH strives to build stakeholder value by prudent management that integrates a "shareholder first" philosophy.
-AAPH will be open, honest and transparent on all projects so as to ensure stakeholders receive accurate, up-to-date project information on a consistent basis
-AAPH will be a good corporate citizen, ensuring our operations meet or exceed all regulatory standards for the environment
-AAPH plans to continue the "hunt for petroleum" as it believes the answer to our reliance on foreign energy is "right next door."
United States Oil & Gas Corp (OTCQB: USOG)
Recent News: “United States Oil and Gas Corp is pleased to announce that as a result of its registration statement with the SEC becoming effective and remaining current in its required filings, its common shares are now trading on the OTC market for U.S. registered companies. The Company's ticker symbol, USOG, remains the same.”
Full Article: http://finance.yahoo.com/news/United-States-Oil-and-Gas-iw-3489930450.html?x=0&.v=1
About United States Oil & Gas Corp (OTCQB: USOG): United States Oil and Gas Corp is focused on acquiring and growing domestic oil and gas services companies. We target mid size family-run businesses with historically profitable results, strong balance sheets, high profit margins, and solid management teams in place. Our subsidiary, Turnbull, which had revenues of $14 million in 2009, was founded in 1965. We own all of the facilities and equipment used at our locations in Plainville, Utica, and Palco, Kansas. Our subsidiary, United, was founded in 2003, and sells and distributes refined oil and gas products including specialty racing fuels throughout North Dakota as well as regions of South Dakota and Montana. We own and operate a convenience store in Belcourt, and hold approximately six acres of developable land located in Bottineau, North Dakota.
Chevron Corp (NYSE:CVX)
About Chevron Corp (NYSE:CVX): Chevron is one of the world’s leading integrated energy companies, with subsidiaries that conduct business worldwide. The company’s success is driven by the ingenuity and commitment of its employees and their application of the most innovative technologies in the world. Chevron is involved in virtually every facet of the energy industry. The company explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and other energy products; manufactures and sells petrochemical products; generates power and produces geothermal energy; provides energy efficiency solutions; and develops the energy resources of the future; including bio-fuels. Chevron is based in San Ramon, Calif. More information about Chevron is available at www.chevron.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.
About our Oil and Gas portal:
http://www.oilandgasstocksnews.com/ is a global meeting place for investors and industry following the energy sector, within Investorideas.com. Global visitors use the site daily to research the latest news, articles, audio, research reports and our oil and gas and natural gas stock directories.
Disclaimer: The following American Petro-Hunter Inc news is paid for by third party on behalf of showcase energy stock AAPH (three 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. 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 info on American Petro-hunter Inc (OTCBB: AAPH) contact the company IR directly.
For info on Investorideas.com
Contact:
C Van Zant: 800-665-0411 - cvanzant@investorideas.com
Source - Investorideas.com
Showing posts with label National Oilwell Varco (NYSE:NOV). Show all posts
Showing posts with label National Oilwell Varco (NYSE:NOV). Show all posts
Sunday, October 10, 2010
Tuesday, August 11, 2009
Water Stocks Sector Close –Up; Market Opportunity for Remediating Oil-Contaminated Water
POINT ROBERTS, WA and DELTA, BC –August 11, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents a sector close-up on water stocks by Lisa Springer CFA, Equity research analyst, on the market opportunity for remediating oil- contaminated water.
Market Opportunity Remediating Oil-Contaminated Water
Lisa Springer CFA, Equity research analyst and financial writer
Stocks Covered:
Cameron Intl Corp (NYSE:CAM), Nalco (NYSE:NLC), National Oilwell Varco (NYSE:NOV), Veolia (NYSE:VE), Wescorp Energy (OTCBB: WSCE), Weatherford International (NYSE:WFT)
Although oil spills capture headlines, a greater environmental challenge for the oil and gas industry is remediating water polluted in their production operations. Water that comes up with the production of oil and gas is called “produced water.’” Produced water is tainted with hydrocarbon solids, sand, drill cuttings and salts. Oil companies spend an estimated $50 billion every year remediating and/or disposing of produced water to comply with local, state, provincial and federal environmental laws.
The volume of produced water worldwide is estimated at tens of billions of barrels each year. On average, every barrel of oil produced results in three barrels of produced water. That equates to managing or disposing of more than 250 million barrels of produced water each and every day. The hydrocarbons trapped in produced water are, not only an environmental hazard, but also a source of lost revenues. Data indicates that, on average, nine tons of oil is released via produced water for every million tons of hydrocarbons produced.
Disposal costs for produced water add to already high energy bills. These costs typically include trucking, pre-treatment, injection and desalination, and can run as high as $15 per barrel. Disposing of the hydrocarbon solids that remain after the water is treated is even costlier, estimated at nearly $72 per barrel.
Remediation costs for produced water are likely to continue to rise because regulators are pressing for more stringent environmental laws. Penalties for non-compliance are severe; for example, Suncor was recently fined $850,000 for an environmental violation. Costs are also increasing because oil companies are producing more oil to meet the world’s insatiable appetite for energy. Producers are stimulating production from older wells through re-fracturing, a process requiring massive amounts of fresh water, and tapping unconventional oil field plays such as the Alberta Oil Sands and the Barnett Shale. Canadian producers are already consuming over 540 million barrels of fresh water in Alberta Oil Sands operations, resulting in paying water clean up and disposal costs exceeding $100 million annually. Despite the fact that globally fresh water is becoming a scarce commodity, more water is being used, leading to demands that producers reduce water consumption. The problem is that today’s unconventional oil productions require more water than ever – as many as 20 barrels of water for every barrel of oil produced.
The management of produced water is a large market and several companies are marketing technologies for cleaning produced water. The Petreco Wemco division of Cameron (NYSE:CAM) markets a heat treatment technology that separates hydrocarbons from water. National Oilwell Varco (NYSE:NOV) manufactures and sells equipment that mechanically removes suspended solids from produced water. Nalco (NYSE:NLC) offers an aeration technology called Induced Gas Flotation that removes suspended particles from water. Privately-held Welco Expediting and Process Group market centrifuging technologies for cleaning produced water. The GE Zeon segment of General Electric (NYSE:GE), Siemens Water Technology and Veolia (NYSE:VE) offer treatment methods based on filtering membranes. Although all of the above-mentioned methods remove some of the pollutants, most single technologies leave behind residential oil content ranging from 500 to 50,000 parts per million in the water. Having residual hydrocarbon in their produced water has a major impact on producers’ operating expenses.
Wescorp Energy (OTCBB:WSCE) recently began marketing a novel remediation technology called H20Maxx, which the company claims offers a safer, more effective and economical process for cleaning and separating oil and solids from produced water. H20Maxx employs a patented aeration technology that creates microscopic nitrogen bubbles several orders of magnitude smaller than conventional methods. These bubbles attach to oil droplets and break the oil/water interface, allowing oil to be separated. Third party laboratory tests have shown that H20Maxx reduces oil content in produced water to less than 10 parts per million. Because H20Maxx-treated water is more hydro carbon-free, it dramatically reduces both operating costs and water consumption and also provides the producer with a resalable oil stream. For producers operating in areas where water is in short supply such as the Barnett Shale and Alberta Oil Sands, the ability to re-cycle water is a major advantage.
Oil and gas producers recognize the benefits of H20Maxx and have begun using Wescorp’s technology. Last December, Wescorp received 3rd party verification of the H20Maxx’s efficiency and scalability, which led to the signing of a letter of intent with Weatherford International (NYSE:WFT).Weatherford is one of the world’s largest energy services providers, with operations in more than 100 countries and annual revenues of nearly $10 billion.
In 2009, Wescorp has made significant progress deploying its technology. The company shipped its first H20Maxx unit to an oil/gas operator in Kansas in May. The unit began operating in July, providing remediation services for one conventional oil well, and is performing well. The oil company in Kansas has now ordered a second unit. H20Maxx units are leased on a day lease rate with a 2,000 barrels/day unit leasing for approximately $1,500/day. In June, Wescorp announced the leasing of an H20Maxx unit to Western Canadian Oil Sands, which plans to deploy the unit at its Athabasca Oil Sands operations in Northern Alberta. In late July, Wescorp announced a 50/50 joint venture with Cancen Oil Canada Corporation to initially install a combined 12 H20Maxx water units and HXCT solids units over the next 12 months at Cancen’s facilities. The joint venture will then build additional units to provide onsite remediation to oil and gas producers in western Canada. Cancen will fund, operate and manage the joint venture, as well as fund construction and deployment costs of the units.
Lisa Springer Bio/ Disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/
Research global water stocks at the water Stocks Directory:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Featured Water Stocks Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. (OTCBB: WSCE) is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Virtually anywhere in the world oil is produced contaminated water is produced, this includes associated formation water in conventional oil and gas production and potable water used in unconventional oil production such as the massive Oil Sands development in Alberta Canada.
Using conventional oil/water/solids separation technology, between 0.05% - 5% (500 ppm - 50,000 ppm) residual oil content remains in the water, Wescorp's patented, proven and highly scalable H2Omaxx microscopic aeration technology addresses this crisis by being able to increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is extremely economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page: http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets. Subscribe to Investing in Water Podcast RSS Feed
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies (WSCE), news submissions and online advertising. Compensation Disclosure and disclaimers: www.InvestorIdeas.com/About/Disclaimer.asp http://www.investorideas.com/About/News/Clientspecifics.asp
For More Information Contact:
Dawn Van Zant 800-665-0411 Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.comSource: Water-Stocks.com, Investorideas.com, Wescorp Energy
POINT ROBERTS, WA and DELTA, BC –August 11, 2009 www.Water-Stocks.com, an investor and industry portal for the water sector within Investorideas.com, presents a sector close-up on water stocks by Lisa Springer CFA, Equity research analyst, on the market opportunity for remediating oil- contaminated water.
Market Opportunity Remediating Oil-Contaminated Water
Lisa Springer CFA, Equity research analyst and financial writer
Stocks Covered:
Cameron Intl Corp (NYSE:CAM), Nalco (NYSE:NLC), National Oilwell Varco (NYSE:NOV), Veolia (NYSE:VE), Wescorp Energy (OTCBB: WSCE), Weatherford International (NYSE:WFT)
Although oil spills capture headlines, a greater environmental challenge for the oil and gas industry is remediating water polluted in their production operations. Water that comes up with the production of oil and gas is called “produced water.’” Produced water is tainted with hydrocarbon solids, sand, drill cuttings and salts. Oil companies spend an estimated $50 billion every year remediating and/or disposing of produced water to comply with local, state, provincial and federal environmental laws.
The volume of produced water worldwide is estimated at tens of billions of barrels each year. On average, every barrel of oil produced results in three barrels of produced water. That equates to managing or disposing of more than 250 million barrels of produced water each and every day. The hydrocarbons trapped in produced water are, not only an environmental hazard, but also a source of lost revenues. Data indicates that, on average, nine tons of oil is released via produced water for every million tons of hydrocarbons produced.
Disposal costs for produced water add to already high energy bills. These costs typically include trucking, pre-treatment, injection and desalination, and can run as high as $15 per barrel. Disposing of the hydrocarbon solids that remain after the water is treated is even costlier, estimated at nearly $72 per barrel.
Remediation costs for produced water are likely to continue to rise because regulators are pressing for more stringent environmental laws. Penalties for non-compliance are severe; for example, Suncor was recently fined $850,000 for an environmental violation. Costs are also increasing because oil companies are producing more oil to meet the world’s insatiable appetite for energy. Producers are stimulating production from older wells through re-fracturing, a process requiring massive amounts of fresh water, and tapping unconventional oil field plays such as the Alberta Oil Sands and the Barnett Shale. Canadian producers are already consuming over 540 million barrels of fresh water in Alberta Oil Sands operations, resulting in paying water clean up and disposal costs exceeding $100 million annually. Despite the fact that globally fresh water is becoming a scarce commodity, more water is being used, leading to demands that producers reduce water consumption. The problem is that today’s unconventional oil productions require more water than ever – as many as 20 barrels of water for every barrel of oil produced.
The management of produced water is a large market and several companies are marketing technologies for cleaning produced water. The Petreco Wemco division of Cameron (NYSE:CAM) markets a heat treatment technology that separates hydrocarbons from water. National Oilwell Varco (NYSE:NOV) manufactures and sells equipment that mechanically removes suspended solids from produced water. Nalco (NYSE:NLC) offers an aeration technology called Induced Gas Flotation that removes suspended particles from water. Privately-held Welco Expediting and Process Group market centrifuging technologies for cleaning produced water. The GE Zeon segment of General Electric (NYSE:GE), Siemens Water Technology and Veolia (NYSE:VE) offer treatment methods based on filtering membranes. Although all of the above-mentioned methods remove some of the pollutants, most single technologies leave behind residential oil content ranging from 500 to 50,000 parts per million in the water. Having residual hydrocarbon in their produced water has a major impact on producers’ operating expenses.
Wescorp Energy (OTCBB:WSCE) recently began marketing a novel remediation technology called H20Maxx, which the company claims offers a safer, more effective and economical process for cleaning and separating oil and solids from produced water. H20Maxx employs a patented aeration technology that creates microscopic nitrogen bubbles several orders of magnitude smaller than conventional methods. These bubbles attach to oil droplets and break the oil/water interface, allowing oil to be separated. Third party laboratory tests have shown that H20Maxx reduces oil content in produced water to less than 10 parts per million. Because H20Maxx-treated water is more hydro carbon-free, it dramatically reduces both operating costs and water consumption and also provides the producer with a resalable oil stream. For producers operating in areas where water is in short supply such as the Barnett Shale and Alberta Oil Sands, the ability to re-cycle water is a major advantage.
Oil and gas producers recognize the benefits of H20Maxx and have begun using Wescorp’s technology. Last December, Wescorp received 3rd party verification of the H20Maxx’s efficiency and scalability, which led to the signing of a letter of intent with Weatherford International (NYSE:WFT).Weatherford is one of the world’s largest energy services providers, with operations in more than 100 countries and annual revenues of nearly $10 billion.
In 2009, Wescorp has made significant progress deploying its technology. The company shipped its first H20Maxx unit to an oil/gas operator in Kansas in May. The unit began operating in July, providing remediation services for one conventional oil well, and is performing well. The oil company in Kansas has now ordered a second unit. H20Maxx units are leased on a day lease rate with a 2,000 barrels/day unit leasing for approximately $1,500/day. In June, Wescorp announced the leasing of an H20Maxx unit to Western Canadian Oil Sands, which plans to deploy the unit at its Athabasca Oil Sands operations in Northern Alberta. In late July, Wescorp announced a 50/50 joint venture with Cancen Oil Canada Corporation to initially install a combined 12 H20Maxx water units and HXCT solids units over the next 12 months at Cancen’s facilities. The joint venture will then build additional units to provide onsite remediation to oil and gas producers in western Canada. Cancen will fund, operate and manage the joint venture, as well as fund construction and deployment costs of the units.
Lisa Springer Bio/ Disclaimer: http://www.investorideas.com/About/Lisa-Springer-CFA/
Research global water stocks at the water Stocks Directory:
http://www.investorideas.com/Water-Stocks/Stock_List.asp
Featured Water Stocks Showcase Company: Wescorp Energy Inc. (OTCBB: WSCE )
Wescorp Energy Inc. (OTCBB: WSCE) is an Oil and Gas solutions provider focused on deploying its water remediation and environmental technologies that overcome tough operational challenges facing oil and gas operators today on a global basis. Virtually anywhere in the world oil is produced contaminated water is produced, this includes associated formation water in conventional oil and gas production and potable water used in unconventional oil production such as the massive Oil Sands development in Alberta Canada.
Using conventional oil/water/solids separation technology, between 0.05% - 5% (500 ppm - 50,000 ppm) residual oil content remains in the water, Wescorp's patented, proven and highly scalable H2Omaxx microscopic aeration technology addresses this crisis by being able to increase the recovery of oil and reduce the amount of hydrocarbons in the contaminated water to less than 0.001% or 10 ppm. Wescorp's H2Omaxx is extremely economical and environmentally friendly eliminating the use of chemicals, filtration systems, high temperature systems and high pressure vessels.
Wescorp Energy Inc Showcase Profile Page: http://www.water-stocks.com/CO/WSCE/Default.asp
Wescorp Energy Inc Company Website: http://www.wescorpenergy.com/
www.Water-Stocks.com, a portal within the InvestorIdeas.com content umbrella, offers investors research tools, news, Blogs, online conferences, Podcasts , interviews and a directory of public companies within the water sector .The water-stocks content hub has created a global marketplace and meeting place for investors, public companies, industry buyers and sellers of water technology, services and water assets. Subscribe to Investing in Water Podcast RSS Feed
About InvestorIdeas.com:
Investorideas.com creates a meeting place for investing ideas to take form and come to life in an entrepreneurial environment, servicing the needs of small investors and start- up companies to large conglomerates! We cover multiple industry sectors but specialize in environmental and water.
Disclaimer: Our sites do not make recommendations. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented. All Information relating to featured companies is sourced from public documents and/ or the company and is not the opinion of our web sites. This site is currently compensated by featured showcase companies (WSCE), news submissions and online advertising. Compensation Disclosure and disclaimers: www.InvestorIdeas.com/About/Disclaimer.asp http://www.investorideas.com/About/News/Clientspecifics.asp
For More Information Contact:
Dawn Van Zant 800-665-0411 Email: dvanzant@investorideas.com
Web Site: www.InvestorIdeas.com www.water-stocks.comSource: Water-Stocks.com, Investorideas.com, Wescorp Energy
Subscribe to:
Posts (Atom)