News Regions Hardcopy Market Data Careers Web- tv Events Subscribe Focus About Upstream Advertise

Plain sailing at GeoResources

North Dakota-based producer GeoResources saw slow growth in its quarterly and year-to-date figures, although third-quarter earnings were dragged down by property costs.

Net earnings for the third quarter fell to $523,415, or $0.14 per share, from $575,927, or $0.155 cents per share, in the year-ago quarter on higher depreciation and amortisation costs.

Revenue for the period rose to $2.5 million from $2.4 million last time.

The company's Western Star Drilling subsidiary saw revenue fall to $523,555 in the quarter from $694,492 in the year-ago quarter as drilling days fell by more than half.

Net earnings for the first nine months of 2006 rose to $1.9 million, or $0.50 per share, from $1.7 million, or 44 cents per share, in the first nine months of 2005. Revenue over the same periods rose to $7.2 million from $6.1 million.

e-mail this to a friend

e-mail this to a friend

FREE Daily newsletter print
most popular
search
subscriber login
recruitment

Specialists Needed

ConocoPhillips is an international, integrated energy company. It is the third-largest integrated energy company in the United States based on market capitalization and oil...

ConocoPhillips

Strategic Advisors

Our client, a multinational petrochemical company, is seeking to recruit experts in the Gulf and North African gas sector.

Mellaart

Offshore Shipbroker

Maersk Broker wish to further strengthen our team responsible for Specialised Tonnage, and are looking for dynamic and professional Shipbrokers who can actively participate...

Maersk Broker

Business Development & Commercial Manager

OMV Exploration & Production

Lead Civil Engineer

Air Energi

Chief Engineer

Faststream

Construcion Manager

Sheffield Offshore

HSE Safety Advisor

Air Energi

E & I Inspector

Air Energi

Surveyor

Faststream

click here for all positions
news from other nhst publications