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Finance News
The most recent oil and gas industry financial headlines.
Double Eagle Petroleum Extends Credit Facility's Maturity Date
Tuesday, February 09, 2010 - Double Eagle Petroleum has signed an amended credit agreement with its lenders to extend the maturity date on its credit facility from July 31, 2010 to January 31, 2013.
BJ Services' 1Q 2010 Revenue Up 6% from Previous Quarter
Tuesday, February 09, 2010 - BJ Services reported that revenue in the first quarter of fiscal 2010, which ended December 31, 2009, was $931.5 million, representing a 6% increase from the $878.2 million reported in the previous quarter.
Noble OKs Proposals for Total Capital Reduction Payments
Tuesday, February 09, 2010 - "Our strong cash flow, solid balance sheet and backlog, combined with confidence in the long-term favorable fundamentals of our business encouraged our Board to approve this return of value to shareholders," said Noble CEO David W. Williams.
Contango Tags $72.5MM for GOM Exploration
Tuesday, February 09, 2010 - Contango's capital expenditure budget for the remainder of calendar year 2010 calls for an investment of approximately $72.5 million to drill up to six offshore wells in the Gulf of Mexico.
Nabors Expects 4Q Results to Modestly Exceed Estimates
Tuesday, February 09, 2010 - Nabors Industries expects its fourth quarter results to modestly exceed mean estimates of $0.16 per diluted share, excluding estimated non-cash, pre-tax charges of approximately $274 million, or $0.65 per diluted share.
Cameron's 2009 Revenues Trimmed by 11%
Tuesday, February 09, 2010 - Cameron reported net income of $97.3 million, or $0.41 per diluted share, for the quarter ended December 31, 2009, compared with net income in the prior year's fourth quarter of $146.0 million, or $0.66 per diluted share.
BPZ Energy Closes $140MM Convertible Senior Notes
Tuesday, February 09, 2010 - BPZ Energy closed its previously reported offering of $140 million principal amount of 6.5% convertible senior notes due March 1, 2015.
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