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Falcon Oil & Gas Ltd. - Beetaloo Operational Update – Stimulation Campaign & Remaining Shenandoah South Pilot Project
Newsfilter· 2025-01-24 07:00
Falcon Oil & Gas Ltd. Beetaloo Operational Update – Stimulation Campaign & Remaining Shenandoah South Pilot Project 24 January 2025 – Falcon Oil & Gas Ltd. (TSXV:FO, AIM: FOG)) is pleased to announce the commencement of stimulation campaign at the Shenandoah S2-2H ST1 ("S2-2H ST1") and Shenandoah S2-4H ("S2-4H") wells in the Beetaloo Sub-Basin, Northern Territory, Australia with Falcon Oil & Gas Australia Limited's ("Falcon") joint venture partner, Tamboran (B2) Pty Limited (collectively the "Beetaloo JV pa ...
Liberty Energy Q4 Earnings on Deck: Here's How It May Fare
ZACKS· 2025-01-23 12:46
Liberty Energy Inc. (LBRT) , a leading provider of hydraulic services and related technologies to onshore oil and natural gas exploration and production companies in North America, is set to report fourth-quarter earnings on Jan. 29, after the closing bell. The Zacks Consensus Estimate for earnings is pegged at 10 cents per share and the same for revenues is pinned at $980.8 million.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Let us delve into the factors that might have influence ...
Earnings Preview: Liberty Oilfield Services (LBRT) Q4 Earnings Expected to Decline
ZACKS· 2025-01-15 16:06
The market expects Liberty Oilfield Services (LBRT) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, ...
Liberty Energy Joins Forces With DC Grid for Advanced Power Systems
ZACKS· 2025-01-08 12:01
Liberty Energy Inc. (LBRT) and DC Grid have joined forces to create groundbreaking solutions, tailored to meet the evolving demands of industries such as commercial fleet electric vehicle (“EV”) hubs and data centers. This strategic partnership introduces a cutting-edge approach to power generation, leveraging innovative technologies to provide fast, scalable and efficient energy alternatives.Powering the Future With Modular DC TechnologyThe collaboration combines LBRT's extensive experience in power genera ...
Falcon Oil & Gas Ltd. - Drilling completed on the second well in the Shenandoah South Pilot Project, Shenandoah S2-4H
Newsfilter· 2024-12-23 07:00
Company Overview - Falcon Oil & Gas Ltd. is an international oil and gas company focused on the exploration and development of unconventional oil and gas assets, primarily in Australia [15] - The company is incorporated in British Columbia, Canada, and headquartered in Dublin, Ireland [15] Recent Developments - On December 23, 2024, Falcon Oil & Gas Ltd. announced the successful drilling, casing, and cementing of the Shenandoah S2-4H horizontal well to a measured depth of 6,452 metres (21,169 feet) in exploration permit 98 in the Beetaloo Sub-basin, Northern Territory, Australia [4] - The completion of the SS4H well is considered a significant milestone in the development of the Beetaloo Sub-basin, with plans for an upcoming stimulation campaign [5][20] Joint Venture and Company Interests - Falcon Oil & Gas Australia Limited holds a 5.0% interest in the Beetaloo Joint Venture, while Tamboran (B2) Pty Limited holds a 95.0% interest, totaling 100% [7] - Tamboran Resources Corporation, a partner in the joint venture, is focused on developing low CO2 gas resources within the Beetaloo Basin [11] Geological Insights - Data from the SS4H well indicated strong gas shows and a continuation of high-quality shale and rock properties, with no faulting observed along the entire 3,048-metre (10,000 foot) lateral section [9] - The Shenandoah South Pilot Project encompasses 46,080 acres [10] Future Plans - The stimulation campaign for the SS4H well is planned to commence in early Q1 2025, with initial production (IP30) flow tests from both SS2H ST1 and SS4H expected to be released in Q1 2025 [20][23]
Liberty Energy: Return Of 'Drill, Baby Drill?' A Great Opportunity
Seeking Alpha· 2024-12-03 08:15
Liberty Energy (NYSE: LBRT ) is a company dedicated to the production and rental of onshore oil exploration and extraction equipment in the United States. The company provides its services in the main basins of the US, highlighting the Permian, Eagle Ford andI am an individual investor with over 10 years of trading. I have been developing as a stock analyst for the last five years. I am inclined to search for Value companies, mainly linked to the production of commodities. I mainly focus on companies that s ...
Liberty Energy: Democratizing Energy Around The World (Rating Upgrade)
Seeking Alpha· 2024-11-20 13:00
He is the leader of the investing group The Daily Drilling Report where he provides investment analysis for the oil and gas industry. Features of the group include: a model portfolio that covers all segments of upstream oilfield activity with weekly updates, ideas for both U.S and international energy companies, coverage from shale to deepwater drillers, technical analysis to identify catalysts, and more. Learn More .Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of t ...
Liberty Energy Stock Rises After Trump Taps CEO To Lead Energy Department
Investopedia· 2024-11-18 16:16
Group 1 - President-elect Trump appointed Liberty Energy CEO Chris Wright as secretary of energy for his second term, which positively impacted the stock prices of both Liberty Energy and Oklo [1][2] - Liberty Energy, an oilfield services and fracking company, has a market capitalization of nearly $3 billion, with its stock gaining over 3% shortly after the market opened on the day of the announcement [2] - Oklo, a nuclear energy company where Wright serves on the board, saw its stock soar by 12% and has increased approximately 90% in 2024 [2] Group 2 - Chris Wright has publicly advocated for the oil and gas industry, claiming there is no climate crisis and that an energy transition is not occurring [3] - The new secretary of energy will also be part of the newly established Council of National Energy, alongside North Dakota Governor Doug Burgum, who has been appointed as secretary of the interior [3]
Why Is Liberty Oilfield Services (LBRT) Down 5.3% Since Last Earnings Report?
ZACKS· 2024-11-15 17:36
Core Viewpoint - Liberty Oilfield Services reported disappointing Q3 2024 earnings, missing both net income and revenue estimates, primarily due to poor execution and increased costs, leading to a decline in share performance [2][3][18] Financial Performance - Adjusted net income for Q3 2024 was 45 cents per share, missing the Zacks Consensus Estimate of 55 cents, and down from 86 cents in the prior year [2] - Revenues totaled $1.14 billion, missing estimates by 0.2% and down 6.6% from $1.22 billion in the previous year [3] - Adjusted EBITDA was $247.8 million, below the projection of $255.9 million and down from $319.2 million year-over-year [3] Shareholder Returns - The board announced a dividend of 8 cents per share, a 14% increase from the previous 7 cents, payable on December 20 [4] - In the quarter, Liberty returned $51 million to shareholders through share repurchases and dividends [4] - The company repurchased 1,939,072 shares at an average price of $20.27, totaling approximately $39 million, and has $323 million remaining for future buybacks [5] Operational Developments - Liberty's fleet technology transition is on track, with plans for 90% of fleets powered by natural gas by 2025 [6] - The company achieved a record for pumping efficiency and completed the highest number of monthly pumping hours in its history [6] Cost and Capital Expenditure - Total costs and expenses were $1.031 billion, a 2% increase from the previous year and higher than projections [7] - Capital expenditures for the quarter were $162.8 million, exceeding projections of $136.6 million [8] Market Outlook - Global oil demand is projected to grow by approximately one million barrels per day this year, with stable oil prices expected to support North American activity [11] - The company anticipates a slowdown in the frac market due to adjustments in E&P operators' development programs, expecting a low double-digit percentage reduction in fourth-quarter activity [13][14] - Liberty expects a rebound in completions activity in early 2025 as operators aim to maintain production levels [14] Strategic Focus - The company plans to maintain a disciplined investment approach, focusing on power generation services and expects healthy free cash flow generation in 2025 [15] - Liberty's aggregate VGM Score is A, indicating strong growth potential despite recent downward trends in estimates [17]
Liberty Energy Q3 Earnings & Revenues Miss Estimates, Decline Y/Y
ZACKS· 2024-10-18 13:05
Liberty Energy Inc. (LBRT) reported a third-quarter 2024 adjusted net income of 45 cents per share, which missed the Zacks Consensus Estimate of 55 cents. This was primarily due to poor equipment and services' execution, and lower activity in the reported quarter. Additionally, the bottom line declined from the year-ago quarter's reported figure of 86 cents due to a year-over-year increase in costs and expenses. The Denver, CO-based oil and gas equipment company's revenues totaled $1.14 billion, which misse ...