Bakken Formation

SAN ANTONIO--(BUSINESS WIRE)-- Abraxas Petroleum Corporation (NASDAQ: AXAS) ("Abraxas Petroleum") today reported financial and operating results for the three and nine months ended September 30, 2009. As previously announced on October 5, 2009, the merger of Abraxas Energy Partners, L.P. ("Abraxas Energy") with and into a wholly-owned subsidiary of Abraxas Petroleum has closed. In accordance with generally accepted accounting principles, Abraxas Petroleum has reported its results herein on a consolidated basis, which includes the results of Abraxas Energy and its subsidiaries. The share of net income (loss) of ...

DENVER, CO -- (MARKET WIRE) -- 11/09/09 -- American Oil & Gas, Inc. (NYSE Amex: AEZ) reports a net loss to common stockholders of $3,400,573 (loss of seven cents per share, basic and diluted) for the quarter ended September 30, 2009, as compared to net loss to common stockholders of $12,780,287 (loss of 27 cents per share, basic and diluted) for the quarter ended September 30, 2008. For the nine-month periods ended September 30, 2009 and 2008, American reports a net loss to common stockholders $8,892,054 (loss of 18 cents per share, basic and diluted) and a net loss to common stockholders of $15,045,806 (loss of 32 cents per share, basic and diluted), respectively. The loss in the prior three and nine-month periods ended September 30, 2008 includes a non-cash impairment of oil and gas properties of $18.8 million. During the quarter ended September 30, 2009, American sold 4,877 barrels of oil at $59.17 per barrel and 49,949 mcf of ...

HOUSTON, Nov. 6, 2009 (GLOBE NEWSWIRE) -- Rosetta Resources Inc. (Nasdaq: ROSE) ("Rosetta" or the "Company") today announced financial and operating results for the third quarter of 2009 and an update on planned fourth quarter activities. Randy Limbacher, Rosetta's President and CEO, commented, "In the third quarter, Rosetta made significant progress in building a company capable of delivering and sustaining long term profitable growth in production and reserves. We are encouraged by the early results in our Eagle Ford and Bakken programs and we continue to advance our inventory efforts in our core area assets. We believe our recent results position us for the breakout performance we are seeking as part of our shift to a resource player." FINANCIAL REVIEW For the third quarter ended September 30, 2009, Rosetta reported net income of $5.7 million, or $0.11 per diluted share, an increase of $105.1 million from net income of ($99.4) million, or ($1.96) ...

AUSTIN, TX -- (MARKET WIRE) -- 11/06/09 -- Brigham Exploration Company (NASDAQ: BEXP) today announced its financial results for the third quarter and nine months ended September 30, 2009. THIRD QUARTER 2009 RESULTS Our production for the third quarter 2009 was 5,200 barrels of oil equivalent per day, which was above our previously established guidance range of 4,667 to 5,167 barrels of oil equivalent per day. Our recent highly successful drilling results in the Williston Basin Bakken and Three Forks plays resulted in our oil volumes for the third quarter 2009 increasing by 84% to 2,606 barrels of oil per day relative to that in the third quarter 2008 and by 43% relative to that in the second quarter 2009. The increase in our oil production is the result of further advancements in our completion techniques that we are applying in our horizontal Bakken and Three Forks wells. Our Williston Basin production increased by 217% from that in the third quarter ...

ENID, Okla., Nov. 5, /PRNewswire-FirstCall/ -- The Hiland companies, Hiland Partners, LP (Nasdaq: HLND) (the "Partnership") and Hiland Holdings GP, LP (Nasdaq: HPGP) today announced results for the third quarter of 2009. Hiland Partners, LP Financial Results Hiland Partners, LP reported net income (loss) for the three months ended September 30, 2009 of $(19.5) million compared to net income (loss) of $18.6 million for the three months ended September 30, 2008. Net income (loss) per limited partners' unit-basic for the third quarter of 2009 was $(2.05) per unit compared to net income (loss) of $1.71 per unit in the corresponding quarter in 2008. Weighted average limited partner units outstanding were 9.4 million units for the three months ended September 30, 2009 and 9.3 million units for the three months ended September 30, 2008. Net income (loss) for the three months ended September 30, 2009 includes a $20.5 million non-cash property ...