Tuesday, September 21, 2010
EIA: Financial News for Independent Energy Companies
Oil and gas producer revenues increased sharply along with crude and natural gas prices, and earnings rebounded from losses in Q209 to their highest second quarter level in the 2005-2010 period.
Oilfield company revenue and earnings increased modestly in Q209 but remained well below the Q2 average over 2005-2010.
Ethanol producer revenues increased and earnings crossed into the black after losses in Q209.
Read the entire EIA article.
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