Midstates Petroleum Company Inc (MPO)
Keep a close eye on MPO. The company reported record financial results driven primarily by a 6% increase in production volumes and 18% lower cash operating costs per barrel of oil equivalent (Boe) compared with the previous quarter.
For the third quarter 2014, MPO achieved record Adjusted EBITDA (before transaction costs) of $131.7 million, an increase of 29% year-over-year and 7% sequentially, record Adjusted Net Income of $19.3 million, or $0.29 per share, compared with a loss of $0.8 million, or ($0.01) per share in the same period the prior year and net income of $14.4 million, or $0.22 per share in the previous quarter, and MPO increased average production to an all-time high of 33,799 Boe per day.
MPO reaffirmed 2014 annual production guidance of 32,000 -- 35,000 Boe per day and full year capital expenditures of $500 - $550 million.
MPO is an independent exploration and production company focused on the application of modern drilling and completion techniques in oil and liquids-rich basins in the onshore U.S. Midstates' drilling and completion efforts are currently focused in the Mississippian Lime oil play in Oklahoma and Anadarko Basin in Texas and Oklahoma. MPO's operations also include the upper Gulf Coast tertiary trend in central Louisiana.
More about Midstates Petroleum Company Inc (MPO) at www.midstatespetroleum.com.
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Crown Equity Holdings Inc. (OTCPK:CRWE)
CRWE provides marketing solutions that boost customer awareness and merchant visibility on the Internet.
Online video is gaining strength as a source for content marketing. Strategic plans are being developed for CRWE's division CRWE Tube ( www.crwetube.com ) to improve the potential future growth for the company.
CRWE is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of website communities. The CRWE Network has reached the 1440th community website in the U.S., associated with 3320 ZIP Codes, and includes coverage of the greater state of California, Northern and Southern Nevada, New York State, Wellington in Florida, Hattiesburg in Mississippi and 10 provinces in Canada.
CRWE has included the City of Rochester, NY ( www.rochester.ny.crwe-pr.com ) to the CRWE Network.
Rochester, known as The Flower City and The World's Image Center, is the third-largest city in the state of New York, after New York City and Buffalo. Lake Ontario lies to its north, with the Genesee River flowing northward through the city and over a set of three waterfalls. The historic Erie Canal also runs along the city's borders. From family-friendly activities to professional sports teams, museums and galleries, Rochester has something for everyone.
With an estimated population in 2013 (U.S. Census Bureau) of approximately 210,358, Rochester, NY represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
CRWE Press Release ( www.crwepressrelease.com ) offers increased visibility with cost effective solutions through the distribution of information to the entire CRWE Network for both public and private companies.
The CRWE-PR Finance website ( www.finance.crwe-pr.com ) allows CRWE the instant distribution of information to the entire CRWE Network.
More about Crown Equity Holdings Inc. (OTCPK:CRWE) at www.crownequityholdings.com
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Sanchez Energy Corporation (SN)
SN reported record production, revenue and cash flow from operations on its financial results, driven by strong organic growth combined with the first quarter of ownership of Catarina.
For the third quarter 2014, SN posted record revenues of $207.4 million, a 120% increase year-over-year, record production of 3,552 MBOE (an average for the period of 38,613 BOE/D), net income attributable to common stockholders of $42.7 million, compared to a net loss attributable to common stockholders of $1.6 million in the same period the prior year, and Adjusted EBITDA of $148.2 million, a 132% increase versus the third quarter 2013.
SN is an independent exploration and production company focused on the acquisition and development of unconventional resources in the onshore U.S. Gulf Coast, with a current focus on the Eagle Ford Shale in South Texas, and the Tuscaloosa Marine Shale in Mississippi and Louisiana.
More about Sanchez Energy Corporation (SN) at www.sanchezenergycorp.com
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