Oil, gas companies log record earnings in second quarter

A surge in oil and natural gas prices to historic highs lifted second quarter earnings for virtually all industry participants. The difference that a year can bring was apparent as both major and independent producers in the US and Canada compared their often-record earnings for the recent quarter to the low financial levels they suffered through in 1999 (see tables for a listing of energy and service firms' earnings). Click here to enlarge image"The second quarter was great, and the third quarter is shaping up as more of the same, with slightly lower oil prices and better gas prices," said Stephen A. Smith, who tracks the exploration and production market at Dain Rauscher Wessels, a...

Why Register?

Non-subscribers can only view whitepapers by providing name, home and email address, phone number and other information and comment on/rate articles.

Why Subscribe?

Oil & Gas Journal subscribers with login credentials can access these premium features of OGJ Online:

  • Current Issue – an html version of the current week's issue of Oil & Gas Journal.
  • Past Issues – An Electronic OGJ Archive. A keyword-searchable archive of all issues of Oil & Gas Journal dating back to 1990; also searchable by issue date.
  • Market Journal – a weekly round-up of the oil and gas markets, with observations from leading analysts.
  • Editor's Perspective – a short article of insight and opinion by the Editor of Oil & Gas Journal.
  • OGJ Industry Stats – quick access to current industry statistics from Oil & Gas Journal.
  • OGJ Survey Downloads - quick access to exclusive reports from Oil & Gas Journal.


Subscriber Help or Subscribe

Oil & Gas Journal Subscribers: Have your subscription number (from the mailing label on the cover of your Oil & Gas Journal) and e-mail address ready to set up your online account through Customer Service Assistant.

If you're not an Oil & Gas Journal subscriber, start a subscription and gain access to the subscriber areas of OGJ Online now.

Stay Connected