The decline in output is attributed to lower production activities in the company�� Indiana Harbor coke making plant. Domestic capacity utilization declined to 102% in the second quarter from 104% in the year-earlier period. We note that the Indiana Harbor facility, which is currently undergoing major upgrades, also saw lower production in the first quarter.
However, strong second quarter production from the Middletown and Haverhill plants somewhat countered the decelerating output. Combined coke production at the Haverhill and Middletown facilities registered a 3% increase to 455 thousand tons compared with 443 thousand tons in the second quarter 2012.
The facilities also saw a jump in capacity utilization rates to 110% in the second quarter from 108% in the year-ago period. SunCoke Energy Partners, L.P., which owns a 65% interest in the Haverhill and Middletown complexes contributed 296 thousand tons to overall production, up 3% from the corresponding year-ago quarter.
Top 10 Cheapest Stocks To Watch Right Now: 1st NRG Corp (FNRC)
1st NRG Corp., incorporated on January 18, 1988, is an exploration and production company. The Company is engaged in the development of the Clabaugh Ranch Field, which is a project developing and producing coal bed methane reserves (CBM). This project includes a development of 6,025 gross acres in the Powder River Basin in northeast Wyoming. The Company is expanding its activities into unconventional shale through a participation agreement covering approximately 7,000 acres initially and subsequently acquired acreage covering an Area of Mutual Interest in South Eastern Ohio. Its production revenues are entirely from the natural gas produced at Clabaugh Ranch.
The targeted coal seams in the Powder River Basin are part of the Tongue River Member of the Fort Union formation and have been mapped as natural resource developments and exploration have occurred throughout the region. The Company has 42 drilled wells, which have encountered developed coal seams in the Werner, Upper and Lower Smith, Wyodak/Anderson Lower, Gates and Wall formations. In total the Company has identified 515 separate coals seams for development of which only 126 (42 wells X 3 seams) have been completed.
Advisors' Opinion:- [By Peter Graham]
What�� the Catch With Quantum Energy Inc? According to various disclosures, transactions of $2k and $3.5k have or will occur to mention Quantum Energy in various investment newsletters. On Friday, Quantum Energy released the pricing of its recently announced $5,000,000 BDC funding to be arranged by Data Capital Corp (DCC) where the latter has agreed to assist the former in the formation of a Business Development Company (BDC) by forming Quantum Funding, Inc. as a BDC to raise an initial $5,000,000. Upon receipt of the funding, Quantum Funding, Inc. will then be acquired as a subsidiary by QEGY in a share exchange where the $5,000,000 subsidiary will be acquired for 10,000,000 shares of newly issued restricted common stock for a valuation of $0.50 cents per share. Otherwise and early in the month, Quantum Energy announced it was shifting its focus from the West Texas Barnett Shale fields to North Dakota with the opening of an office in Williston, North Dakota. However, a quick look on Google Finance (as there are no up to date financials on Yahoo! Finance) reveals Quantum Energy has no revenues; a net loss of $0.01M (most recent reported quarter), net income of $2.01M and a net loss of $0.02M for the past three fiscal quarters; and $0.01M in cash to cover $0.34M in current liabilities at the end of last August. Then again, the recent financing deal could get things moving for Quantum Energy next year.
1st NRG Corp (OTCMKTS: FNRC) Gives a Drilling and Production UpdateSmall cap 1st NRG Corp is an exploration and production company currently developing and producing coal bed methane reserves (CBM) in Wyoming. On Friday, 1st NRG Corp fell 25% to $0.0003 for a market cap of $5.02 million plus FNRC is down 97.1% since the start of the year and down 99.8% since July 2010 according to Google Finance.
Top Energy Stocks To Own For 2014: Nuverra Environmental Solutions Inc (NES)
Nuverra Environmental Solutions, Inc., formerly Heckmann Corporation, incorporated on May 29, 2007, provides environmental solutions to protect, enhance and advance environmental sustainability. Nuverra provides full-cycle environmental solutions to a national customer base consisting of two distinct end markets: Shale Solutions and Industrial Solutions.
The Company is focused on the removal, treatment, recycling, transportation and disposal of restricted solids, fluids and hydrocarbons for E&P customers. It also provides a one-stop-shop for energy recovery, re-refining and recycling of used motor oil and oily wastewater; plus a closed loop spent antifreeze program for retail, automotive and manufacturing customers. Nuverra specializes in providing environmentally compliant and sustainable solutions to a national footprint of customers.
Shale Solutions
Shale Solutions provides environmental solutions for unconventional oil and gas exploration and production, including the delivery, collection, treatment, recycle, and disposal of restricted environmental products used in the development of unconventional oil and natural gas fields. The Company operates in select shale areas in the United States, including the Marcellus/Utica, Eagle Ford, Bakken, Haynesville, Barnett, Permian, Mississippian Lime and Tuscaloosa Marine Shale areas. It serves customers seeking fresh water acquisition, temporary water transmission and storage, transportation, treatment or disposal of fresh water and complex water flows, such as flowback and produced brine water, in connection with shale oil and gas hydraulic fracturing drilling or hydrofracturing operations. The Company also transports fresh water for production and provides services for site preparation, water pit excavations and remediation.
Industrial Solutions
Industrial Solutions provides environmental and waste recycling solutions to its customers through collection and recycling services for waste prod! ucts, including UMO, which the Company processes and sells as RFO, oily water, spent antifreeze, used oil filters and parts washers, and provision of complementary environmental services for a diverse commercial and industrial customer base. Industrial Solutions operates a scalable network infrastructure of 34 processing facilities, approximately 385 tanker trucks, vacuum trucks and trailers and over 200 railcars. With a geographic presence in 19 states in the Western United States stretching from Washington to Texas, Industrial Solutions provides its services to a diverse range of more than 20,000 commercial and industrial customer locations.
Advisors' Opinion:- [By Brian Pacampara]
Based on the aggregated intelligence of 180,000-plus investors participating in Motley Fool CAPS, the Fool's free investing community, wastewater disposal specialist Heckmann (NYSE: NES ) has earned a coveted five-star ranking.
- [By Dan Caplinger]
One smart efficiency move of its own that Halliburton made in the past week is its deal with Nuverra Environmental Services (NYSE: NES ) to provide water-recycling services for its hydraulic fracturing practices. By reusing water in dry areas like the Bakken shale play, Halliburton should get cost savings and appease environmentally minded critics of fracking.
- [By Tyler Crowe]
The majority of companies will not be happy about these regulations, but Nuverra Environmental Solutions (NYSE: NES ) is not one of them. As a water management company specializing in treating and storing hydraulic fracturing fluid, these kinds of regulations could be just what the company needs.�
- [By Brian Stoffel]
Nuverra Environmental Solutions (NYSE: NES )
Until recently, Nuverra used to be known as Heckmann, but the goal of the company remains the same: to meet all of the water needs of North America's energy industry. Over the past few years, Nuverra has built out an impressive network of pipes, injection wells, water treatment plants, and trucking fleets that help streamline water usage.
Top Energy Stocks To Own For 2014: Japan Petroleum Exploration Co Ltd (JPTXF)
Japan Petroleum Exploration Co., Ltd. is a company principally involved in the energy business. The Company operates in four geological segments. The Japan segment involves in the production, purchase and sale of crude oil and natural gas in Japan, the contracting of drilling and refurbishment works, mud logging works, research works, geophysical exploration works, the provision of pipeline maintenance services and security guard services, the purchase and sale of petroleum products, the transportation of petroleum and natural gas products, as well as real estate management business. The North America segment involves in the exploration and development of crude oil and natural gas in North America. The Middle East segment involves in the development of crude oil and natural gas. The Others segment involves in the exploration, development and production of crude oil and natural gas in Southeast Asia. As of March 31, 2013, the Company had 26 subsidiaries and 17 associated companies. Advisors' Opinion:- [By WWW.MARKETWATCH.COM]
LOS ANGELES (MarketWatch) -- Japanese stocks have ended with losses in every session this week, and sure enough, the Nikkei Average (JP:NIK) was down 0.6% in early Friday trade, though off an opening 0.8% defecit, while the Topix carried a 0.7% loss. Overnight losses for the U.S. and further strength in the yen (with the dollar falling to 楼101.28 from 楼101.56 a day earlier) helped drag the market lower, as did results from Fast Retailing Co. (JP:9983) (FRCOF) , the shares of which hold the heaviest weighting on Nikkei Average. Fast Retailing said that while its Uniqlo brand was doing great business, weakness for its J Brand luxury demin label helped send September-May profit down 4% and prompted another cut to Fast's full-year outlook. Consequently, its shares traded 0.7% lower, though rivals Takashimaya Co. (JP:8233) and J. Front Retailing Co. (JP:3086) (JFROF) also saw losses of 0.6% and 0.5%, respectively. Among other decliners, Sony Corp. (JP:6758) (SNE) lost 0.7%, Toshiba Corp. (JP:6502) (TOSYY) fell 2.1%, Kawasaki Heavy Industries Ltd. (JP:7012) (KWHIY) fell 1.5%, Toyota Motor Corp. (JP:7203) (TM) and Nissan Motor Co. (JP:7201)
Top Energy Stocks To Own For 2014: Noble Corp (NE)
Noble Corporation is an offshore drilling contractor for the oil and gas industry. The Company performs contract drilling services with its fleet of 79 mobile offshore drilling units and one floating production storage and offloading unit (FPSO) located globally. As of December 31, 2011, its fleet consisted of 14 semisubmersibles, 14 drillships, 49 jackups and two submersibles. Its fleet includes 11 units under construction, which include five ultra-deepwater drillships, and six jackup rigs. As of February 15, 2012, approximately 84% of its fleet was located outside the United States in areas, which included Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India and the Asian Pacific. During the year ended December 31, 2011, it completed construction on the Noble Bully I, a drillship, owned through a joint venture with a subsidiary of Royal Dutch Shell plc; completed construction on the Noble Bully II, a drillship, and it completed construction of Globetrotter-class drillship. As of February 15, 2012, it had 10 rigs under contract in Mexico with Pemex Exploracion y Produccion (Pemex).
During 2011, the Company conducted offshore contract drilling operations, which accounted for over 98% of its operating revenues. It conducts its contract drilling operations in the United States Gulf of Mexico, Mexico, Brazil, the North Sea, the Mediterranean, West Africa, the Middle East, India and the Asian Pacific. During 2011, revenues from Shell and its affiliates accounted for approximately 24% of its total operating revenues. During 2011, revenues from Petroleo Brasileiro S.A. (Petrobras) accounted for approximately 18% and 19% of its total operating revenues. Revenues from Pemex accounted for approximately 15%, 20% and 23% of its total operating revenues.
Semisubmersibles
Semisubmersibles are floating platforms which, by means of a water ballasting system, can be submerged to a predetermined depth so that a substantial portion of the hull is b! elow the water surface during drilling operations. As of December 31, 2011, the semisubmersible fleet consisted of 14 units, including five Noble EVA-4000 semisubmersibles; three Friede & Goldman 9500 Enhanced Pacesetter semisubmersibles; two Pentagone 85 semisubmersibles; two Bingo 9000 design unit submersibles; one Aker H-3 Twin Hull S1289 Column semisubmersible, and one Offshore Co. SCP III Mark 2 semisubmersible.
Drillships
The Company�� drillships are self-propelled vessels. These units maintain their position over the well through the use of either a fixed mooring system or a computer controlled dynamic positioning system. Its drillships are capable of drilling in water depths from 1,000 to 12,000 feet. The maximum drilling depth of its drillships ranges from 20,000 feet to 40,000 feet. As of December 31, 2011, the drillship fleet consisted of 14 units, including four drillships under construction with Hyundai Heavy Industries Co. Ltd. (HHI); three Gusto Engineering Pelican Class drillships; two Bully-class drillships to be operated by it through a 50% joint venture with a subsidiary of Shell; one dynamically positioned Globetrotter-class drillship that left the shipyard during the fourth quarter of 2011; one Globetrotter-class drillship under construction; one moored Sonat Discoverer Class drillship capable of drilling in Arctic environments; one NAM Nedlloyd-C drillship, and one moored conversion class drillship.
Jackups
As of December 31, 2011, the Company had 49 jackups in its fleet, including six jackups under construction. The rig hull includes the drilling rig, jacking system, crew quarters, loading and unloading facilities, storage areas for bulk and liquid materials, helicopter landing deck and other related equipment. All of its jackups are independent leg and cantilevered. Its jackups are capable of drilling to a maximum depth of 30,000 feet in water depths up to 400 feet.
Submersibles
The Company has two su! bmersible! s in the fleet, which are cold-stacked. Submersibles are mobile drilling platforms, which are towed to the drill site and submerged to drilling position by flooding the lower hull until it rests on the sea floor, with the upper deck above the water surface. Its submersibles are capable of drilling to a depth of 25,000 feet in water depths up to 70 feet.
Advisors' Opinion:- [By Matt DiLallo]
Take Noble Energy (NYSE: NBL ) and Noble Corp (NYSE: NE ) . If you look at the ticker symbol of each company, you can see how easy it would be to confuse the two. So before you submit that buy order, let's drill down into each company so you can see why you'd want to double check before submitting that buy order.
- [By Double Dividend Stocks]
London-based Ensco plc, (ESV), provides offshore contract drilling services to the oil and gas industry worldwide, and operates a drilling rig fleet of approximately 74 rigs, including 9 drill ships, 13 dynamically positioned semisubmersible rigs, 6 moored semisubmersible rigs, and 46 jackup rigs. ESV currently has the world's second largest offshore rig fleet, behind only Transocean, which has 95 rigs, and just ahead of Noble, (NE), which has 73 rigs. Ensco has the newest fleet of Ultradeepwater rigs, with 3, and, has 4 more on order, which are already contracted.
- [By Travis Hoium]
Noble (NYSE: NE ) also has 14 ultra-deepwater rigs, including five under construction. The challenge for Noble is that it still has 49 jackup rigs, which drag on earnings as shallow-water drilling slows. This market has been less of a drag recently, and the new drillship construction will help help drive earnings, but the company isn't as leveraged to ultra-deepwater as Seadrill and Transocean.
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