Vmbook Online ordering
Independent Oil Gas
Independent Oil and Gas, also known as PBE (Petroleum, BV) in the US stock exchange, is a public company involved in the exploration, production, and sale of oil and natural gas. Here's an overview of the company and some key metrics:
1. Overview: Independent Oil and Gas explores for, produces, and sells oil and natural gas in the United States. The company was founded in 1996 and is headquartered in Denver, Colorado.
2. Stock Information: PBE (Petroleum, BV) is the ticker symbol for Independent Oil and Gas on the US stock exchange. The company's stock is listed on the NASDAQ stock exchange under the ticker symbol "PBLA."
3. Financial Performance: As of August 24, 2022, Independent Oil and Gas's stock closed at $24.84 per share, with a market capitalization of around $3.7 billion.
4. Revenue and Net Income: In the second quarter of 2022, Independent Oil and Gas reported revenue of $164.5 million, compared to $138.3 million in the same period of the previous year. The company's net income for the quarter was $44.3 million, compared to $20.6 million in the same period of the previous year.
5. Production: In the second quarter of 2022, Independent Oil and Gas's average daily production was 45,691 barrels of oil equivalent per day (BOE/d), which includes 26,148 barrels of oil per day and 118,031 thousand cubic feet of natural gas per day.
6. Earnings Per Share (EPS): Independent Oil and Gas's earnings per share (EPS) for the second quarter of 2022 were $0.98, compared to $0.43 in the same period of the previous year.
7. Growth: Independent Oil and Gas's revenue and net income have been growing steadily over the past few years, driven by increased production and higher oil prices. In 2022, the company's revenue increased by 25% and net income increased by 114% compared to the same period of the previous year.
8. Operations: Independent Oil and Gas has operations in several oil and gas fields in the United States, including the Permian Basin in New Mexico and Texas, the DJ Basin in Colorado, and the Powder River Basin in Wyoming.
9. Technology: Independent Oil and Gas uses advanced technology, including hydraulic fracturing and horizontal drilling, to optimize its oil and gas production. The company also invests in research and development to improve its drilling and completion techniques.
10. Competition: Independent Oil and Gas competes with other independent oil and gas producers, such as Occidental Petroleum, Hess Corporation, and ConocoPhillips, in the US market.
Remember that the information provided is general in nature and may not be comprehensive or up-to-date. The company's performance and stock price can fluctuate based on various factors such as market conditions, economic trends, and industry developments.