On Wednesday, Shares of Pioneer Energy Services Corp. (NYSE:PES), gained 4.64% to $6.54.
Pioneer Energy Services, declared that it will release its first quarter 2015 financial results before the market opens on Thursday, April 30. In conjunction with the release, Pioneer has planned a conference call that will be broadcast live over the Internet the same day starting at 11:00 a.m. Eastern Time (10:00 a.m. Central Time).
Pioneer Energy Services Corp., through its auxiliaries, provides drilling services and production services to oil and gas exploration and production companies in the United States and Colombia.
At the end of Wednesday’s trade, Shares of Pengrowth Energy Corporation (NYSE:PGH), jumped 4.60% to $3.41.
Pengrowth Energy, declared a realignment of its executive team with the departure recently of Marlon MacDougall, Chief Operating Officer to pursue other opportunities, and the retirement of James Causgrove, Senior VP Operations effective July 1, 2015.
Coincident with these departures, two of our seasoned and proven operations leaders will take on expanded roles, assuming the responsibilities formerly held by Jim and Marlon:
Randy Steele, General Manager of the Conventional Business Unit, expands his role with the responsibility for all non-thermal operations.
Steve De Maio, VP Insitu Development and Operations has responsibility for continued growth of all thermal operations.
Pengrowth Energy Corporation engages in the acquisition, development, exploration, and production of oil and natural gas assets in the Alberta, British Columbia, Saskatchewan, and Nova Scotia provinces in Canada. It primarily explores for crude oil, bitumen, natural gas, and natural gas liquids.
Carrizo Oil & Gas Inc. (NASDAQ:CRZO), ended its last trade with 4.61% gain, and closed at $56.41.
Carrizo Oil & Gas, will hold a conference call to talk about 2015 first quarter financial results on Wednesday, May 6, 2015 at 10:00 AM Central Daylight Time. Carrizo plans to issue a press release containing its financial and operating results before the market opens on Wednesday, May 6, 2015.
Carrizo Oil & Gas, Inc., together with its auxiliaries, engages in the exploration, development, and production of oil and gas primarily in the United States. The company holds interests in crude oil plays and projects, counting Eagle Ford Shale in Texas; the Niobrara Formation located in Colorado; the Utica Shale in Ohio; and the Marcellus Shale located in Pennsylvania.
Finally, RPC Inc. (NYSE:RES), closed at $16.27, with 4.43% gain.
RPC, declared its unaudited results for the first quarter ended March 31, 2015. RPC provides a broad range of specialized oilfield services and equipment primarily to independent and major oilfield companies engaged in the exploration, production and development of oil and gas properties throughout the United States and in selected international markets.
For the quarter ended March 31, 2015 revenues reduced 19.0 percent to $406.3 million contrast to $501.7 million in the first quarter of last year. Revenues reduced contrast to the preceding year due to lower activity levels and pricing in our major service lines. Operating profit for the quarter was $6.2 million contrast to operating profit of $65.2 million in the preceding year. Net income for the quarter was $7.5 million or $0.04 diluted earnings per share, contrast to $39.4 million or $0.18 diluted earnings per share last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) reduced by 35.5 percent to $77.9 million contrast to $120.8 million in the preceding year.
Cost of revenues during the first quarter of 2015 was $292.4 million, or 72.0 percent of revenues, contrast to $330.0 million, or 65.8 percent of revenues during the first quarter of last year. Cost of revenues reduced due to lower costs resulting from lower activity levels, reduced incentive compensation, and price reductions from suppliers, partially offset by the impact of a change in accounting estimate related to component replacements. During the three months ended March 31, 2015, cost of components installed as replacement parts totaling about $7.9 million have been charged to cost of revenues, as a result of this change in accounting estimate, rather than being capitalized. As a percentage of revenues, cost of revenues raised contrast to the preceding year due to significantly lower pricing for our services and cost inefficiencies resulting from lower activity levels.
RPC, Inc. provides a range of oilfield services and equipment for oil and gas companies involved in the exploration, production, and development of oil and gas properties in the United States, Africa, Canada, China, Eastern Europe, Latin America, the Middle East, and New Zealand.
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