LAREDO PETROLEUM HOLDINGS INC COM USD0.01
SandRidge Energy (NYSE: SD) recently saw Citigroup downgrade the stock from a buy to neutral due to declining cash flows and the flood of oil to market. SandRidge is an oil and natural gas company focused on the development and production of assets in the Mid-Continent area of Oklahoma and Kansas, and in western Texas. One positive is that the estimated proven reserves are around 50/50 oil and gas more »
Diamondback Energy (NASDAQ: FANG) is the latest exploration and production company to access the capital markets, raising several hundred million dollars through an initial public offering (IPO) of common stock. The company is a pure play on the Permian Basin and is targeting the development of various oil and liquids formations in this rejuvenated area.
Initial Public Offering
Diamondback Energy sold 12.5 million common shares at $17.50 per more »
The Permian Basin recently achieved a milestone that went almost unnoticed by many investors active in the energy sector. The rig count in this basin moved above 500 rigs during the second quarter of 2012, passing levels reached during the energy boom of the early 1980s. This is an extraordinary event for the Permian Basin, which was once disdained by many as a mature oil and gas producing area that more »