Oil Inventories

US EIA says crude oil ...

BAKERSFIELD, CA -- (MARKET WIRE) -- 11/17/08 -- Pyramid Oil Company (AMEX: PDO) today announced financial results for its third quarter and nine-month period ended Sept. 30, 2008. Revenue from oil and gas sales increased 71% to $2.0 million versus $1.2 million in the third quarter a year ago. Total third quarter revenue increased 24% to $2.0 million from $1.6 million in last year's third quarter. Total revenue in last year's third quarter included a gain of $440,000 from the sale of certain fixed assets. Approximately 63% of the increase in oil and gas sales resulted from higher oil and gas prices, which increased by $40.41 per equivalent barrel of oil versus last year's third quarter. Roughly 8% of the increase resulted from higher crude production. Operating income increased 12% to $860,000 versus $767,000 in the third quarter a year ago, while net income improved by 8% to $704,000, or $0.15 per diluted share, from $652,000, or $0.14 per ...

CALGARY, ALBERTA--(Marketwire - Nov. 14, 2008) - Deepwell Energy Services Trust ("Deepwell" or the "Trust") (TSX: DWL.UN) is pleased to release its financial and operating results for the three-month and nine-month periods ended September 30, 2008. Deepwell continues to work on improvements to its performance in the third quarter of 2008. Highlights of the third quarter: - Appointment of a new executive team including Bob Ritchie, President and Chief Executive Officer, Greg Tarnowski, Vice-President Finance and Chief Financial Officer, Brian Johnson, Vice-President Business Development and Don Johnson, Vice-President Operations. The Team has been selected to execute the Trust's new growth mandate to more aggressively expand its operations. - Acquisition of a 50 percent joint interest in Palko Energy Ltd. ("Palko"), a water disposal business operating in the Bakken oil play in southeast Saskatchewan, for net cash consideration of $3.96 million. - Third quarter revenue of $4.86 million, representing an increase of 38 percent over ...

Crude Oil Inventories Rose 22K Barrels, Versus ...

CALGARY, ALBERTA--(Marketwire - Nov. 13, 2008) - Baytex Energy Trust (TSX: BTE.UN) (NYSE: BTE) is pleased to announce its operating and financial results for the three months and nine months ended September 30, 2008. Highlights - Generated record cash flow of $146.6 million in the quarter, 17% higher than the previous record set in Q2/08 and 96% higher than Q3/07; - Achieved record quarterly production of 42,538 boe/d, an increase of 11% over Q2/08 and 12% over Q3/07; - Generated record quarterly net income of $137.2 million, 299% higher than Q2/08 and 274% higher than Q3/07; - Maintained conservative payout ratio of 50% in the quarter before DRIP (39% net of DRIP), and 47% year-to-date before DRIP (38% net of DRIP); - Confirmed the commercial viability of heavy oil thermal development at Seal; and - Acquired significant land positions in two light oil resource plays in North Dakota and Saskatchewan. ...