Saturday, March 14, 2015

Texas Oil & Gas Companies Stock Market Prices Up 213% Since March 6, 2009.....Massive Deceleration From the 277% Growth Reported Only 4 1/2 Months Ago

Pricing out these Texas Oil & Gas Companies Stock Market Prices Has Been Very Depressing.  I knew things were bad in the Texas Oil & Gas Industry but I had no idea that it was this bad.  I must have reduced the Stock Market Prices Very Significantly, and some very substantially, of perhaps 90% of the Texas Oil & Gas Companies from the Stock Market Pricing I performed the last time only four and a half months ago.

On October 31, 2014, the average stock market prices of the Texas Oil & Gas Companies had increased 277% from March 6, 2009.  On the most recent date March 13, 2015, this average stock market price increase from March 6, 2009, six years ago, for these Texas Oil & Gas Companies had dropped precipitously to 213%.

I would find it hard to believe that the US Federal Reserve would contemplate raising interest rates when you have the key Oil & Gas Industry in Texas, especially the smaller Oil Companies which are growing like weeds given so many larger ones imploding, being devastated financially like they clearly are presently.....and also when you have the very significant economic spillover effects to the many Texas Non-Oil & Gas Companies that has occurred in the past four and a half months.  Also, from my stock pricing, I can see that many small and medium-sized Oil & Gas Companies in other US States have experienced their stock market prices flat-out collapsing in the most recent four and a half months.

Further, there has to be substantial downside exposure to the Texas State Budget from the devastation of this key Oil & Gas Industry.  How does the State of Texas close that revenue gap?  It refuses to accept the US Government's massive infusion of cash from Medicaid Expansion or something similar to it.  

And lastly, the Accounting Reported Earnings of the Companies in the Texas Oil & Gas Industry will have to be dropping precipitously in 2015 given the Asset Impairment Losses Under the Ceiling Test that must be reported under US generally accepted accounting principles if oil prices stay so low.

Below here are the 108 Oil & Gas Texas Headquartered Companies with Stock Market Caps now above $100 mil and which have had their common stocks trading from December 31, 2007, or early in 2008 for companies first going public then, through the most recent date March 13, 2015, or the date the Companies were sold, if they were sold since the beginning of 2014.






Market Market Market






Price Price Price






% % %






Change Change Change



Market Market Market 3-6-09 12-31-07 12-31-07



Price Price Price to to to
Texas Company HQs
3-13-15 3-6-09 12-31-07 3-13-15 3-6-09 3-13-15



$s $s $s


Oil & Gas Companies
















Enlink Midstream Inc Dallas TX      37.60        0.87      37.24 4222% -98% 1%
Enlink Midstream Partners LP Dallas TX      26.56        1.22      31.02 2077% -96% -14%
Cheniere Energy Houston TX      75.48        3.52      32.64 2044% -89% 131%
Pioneer Natural Resources Irving TX     154.64      12.69      48.84 1119% -74% 217%
CVR Energy Inc Sugar Land TX      38.95        3.88      24.94 904% -84% 56%
Magnum Hunter Resources Houston TX        2.29        0.23        1.98 896% -88% 16%
Tesoro Corp San Antonio TX      86.23      12.23      47.70 605% -74% 81%
Energy Transfer Equity LP Dallas TX      60.41        9.20      17.62 557% -48% 243%
Cheniere Energy Partners LP Houston TX      29.38        5.24      16.06 461% -67% 83%
Carrizo Oil & Gas Inc Houston TX      47.12        8.42      54.75 460% -85% -14%
Cabot Oil & Gas Corp Houston TX      28.12        5.16      10.09 445% -49% 179%
Concho Resources Midland TX     105.49      19.82      20.61 432% -4% 412%
Targa Resources Partners LP Houston TX      39.05        7.36      29.62 431% -75% 32%
Genesis Energy LP Houston TX      43.72        8.37      23.50 422% -64% 86%
Evolution Petroleum Corp Houston TX        6.08        1.40        5.05 334% -72% 20%
Rosetta Resources Houston TX      17.05        4.06      19.83 320% -80% -14%
Kinder Morgan Management LLC Houston TX     104.21      25.00      32.29 317% -23% 223%
Valero Energy San Antonio TX      58.53      14.83      63.97 295% -77% -9%
Abraxas Petroleum Corp San Antonio TX        3.15        0.80        3.86 294% -79% -18%
Newpark Resources Woodlands TX        9.32        2.52        5.45 270% -54% 71%
Helix Energy Solutions Group Houston TX      13.48        3.66      41.50 268% -91% -68%
Western Refining Inc El Paso TX      46.02      12.81      24.21 259% -47% 90%
Oil States Intl Houston TX      40.85      11.67      34.12 250% -66% 20%
Oceaneering Intl Houston TX      49.34      14.60      33.68 238% -57% 47%
EOG Resources Houston TX      85.39      26.04      44.63 228% -42% 91%
Isramco Inc Houston TX     127.20      41.51      47.47 206% -13% 168%
FMC Technologies Houston TX      36.66      12.17      26.91 201% -55% 36%
Dril-Quip Houston TX      66.13      21.98      55.66 201% -61% 19%
Spectra Energy Houston TX      33.80      11.59      25.82 192% -55% 31%
Enbridge Energy Partners LP Houston TX      35.82      12.77      25.27 181% -49% 42%
Core Laboratories NV Houston TX      98.16      35.33      62.36 178% -43% 57%
Plains All America Pipeline Houston TX      46.86      17.60      26.00 166% -32% 80%
Halliburton Houston TX      40.18      15.12      37.91 166% -60% 6%
TC PipeLines LP Houston TX      63.28      23.97      36.20 164% -34% 75%
Holly Energy Partners LP Dallas TX      30.24      11.57      21.88 161% -47% 38%
Natural Gas Services Group Midland TX      18.95        7.31      19.61 159% -63% -3%
Spectra Energy Partners LP Houston TX      50.21      19.93      23.96 152% -17% 110%
Anadarko Petroleum Corp Woodlands TX      78.42      33.07      65.69 137% -50% 19%
El Paso Pipeline Partners LP Houston TX      39.53      16.79      25.05 135% -33% 58%
Cameron Intl Houston TX      43.01      18.36      48.13 134% -62% -11%
Regency Energy Partners LP Dallas TX      22.21        9.57      33.37 132% -71% -33%
TETRA Technologies Woodlands TX        5.34        2.33      15.57 129% -85% -66%
CococoPhillips Houston TX      61.64      26.96      67.31 129% -60% -8%
PrimeEnergy Corp Houston TX      55.75      24.46      56.25 128% -57% -1%
Buckeye Partners LP Houston TX      74.40      33.20      49.41 124% -33% 51%
Baker Hughes Houston TX      58.87      26.58      81.10 121% -67% -27%
Kinder Morgan Energy Partners LP Houston TX      91.72      41.61      53.99 120% -23% 70%
Exterran Partners LP Houston TX      24.14      11.00      32.00 119% -66% -25%
Clayton Williams Energy Inc Midland TX      44.37      20.26      31.16 119% -35% 42%
Schlumberger Houston TX      80.42      36.73      98.37 119% -63% -18%
Patterson-UTI Energy Houston TX      17.06        7.80      19.52 119% -60% -13%
Parker Drilling Houston TX        2.91        1.40        7.55 108% -81% -61%
Noble Energy Houston TX      44.03      21.23      39.76 107% -47% 11%
Martin Midstream Partners LP Kilgore TX      32.29      15.73      35.50 105% -56% -9%
Atwood Oceanics Houston TX      27.61      13.57      50.12 103% -73% -45%
Marathon Oil Corp Houston TX      25.78      12.70      36.95 103% -66% -30%
National Oilwell Varco Houston TX      49.07      24.96      73.46 97% -66% -33%
NuStar GP Holdings LLC San Antonio TX      34.46      18.17      28.55 90% -36% 21%
Superior Energy Services Houston TX      20.49      11.70      34.42 75% -66% -40%
Enterprise Products Partners LP Houston TX      31.16      18.18      31.88 71% -43% -2%
Tesco Corp Houston TX      11.14        6.52      28.67 71% -77% -61%
MV Oil Trust Austin TX      15.36        9.10      24.64 69% -63% -38%
Vanguard Natural Resources Houston TX      14.21        8.60      16.00 65% -46% -11%
Alon USA Energy Inc Dallas TX      14.51        8.81      27.18 65% -68% -47%
Energy Transfer Partners LP Dallas TX      54.41      33.30      53.88 63% -38% 1%
Newfield Exploration Woodlands TX      31.36      19.34      52.70 62% -63% -40%
Rowan Companies plc Houston TX      18.00      11.57      39.46 56% -71% -54%
Occidental Petroleum Houston TX      72.84      48.50      73.88 50% -34% -1%
NuStar Energy LP San Antonio TX      60.35      41.73      53.30 45% -22% 13%
Legacy Reserves LP Midland TX      11.23        7.95      20.70 41% -62% -46%
Nabor Industries Ltd Houston TX      11.96        8.58      27.39 39% -69% -56%
Cross Timbers Royalty Trust Dallas TX      19.95      14.36      41.25 39% -65% -52%
Halcon Resources Houston TX        1.65        1.20      15.06 38% -92% -89%
Boardwalk Pipeline Partners LP Houston TX      16.14      12.00      31.10 35% -61% -48%
Approach Resources Fort Worth TX        6.62        4.94      12.86 34% -62% -49%
Exxon Mobil Irving TX      83.87      64.03      93.69 31% -32% -10%
Range Resources Corp Fort Worth TX      45.29      36.98      51.36 22% -28% -12%
Pioneer Energy Services San Antonio TX        4.63        3.82      11.88 21% -68% -61%
Weatherford Intl Ltd Houston TX      11.79      10.31      34.30 14% -70% -66%
BP Prudhoe Bay Royalty Trust Austin TX      58.07      51.07      80.20 14% -36% -28%
EV Energy Partners LP Houston TX      13.98      12.51      32.50 12% -62% -57%
Apache Corp Houston TX      59.36      53.46     107.54 11% -50% -45%
Basic Energy Services Fort Worth TX        5.91        5.49      21.95 8% -75% -73%
Carbo Ceramics Houston TX      34.73      32.84      37.20 6% -12% -7%
Permian Basin Royalty Trust Dallas TX        9.00        8.80      15.98 2% -45% -44%
W&T Offshore Houston TX        5.30        5.26      29.96 1% -82% -82%
Gastar Exploration Inc Houston TX        2.25        2.35        6.25 -4% -62% -64%
San Juan Basin  Royalty Trust Fort Worth TX      12.66      13.80      33.36 -8% -59% -62%
Gulfmark Offshore Houston TX      14.33      16.33      46.79 -12% -65% -69%
Crestwood Equity Partners LP Houston TX        6.01        6.87      10.37 -13% -34% -42%
Vaalco Energy Inc Houston TX        4.53        5.22        4.65 -13% 12% -3%
Linn Energy Houston TX      11.20      13.18      25.03 -15% -47% -55%
Hugoton Royalty Trust Dallas TX        6.71        8.18      22.43 -18% -64% -70%
Southwestern Energy Co Houston TX      22.35      28.72      27.86 -22% 3% -20%
Willbros Group Houston TX        5.60        7.31      38.29 -23% -81% -85%
Key Energy Services Houston TX        1.68        2.39      14.39 -30% -83% -88%
Contango Oil & Gas Co Houston TX      22.56      33.28      50.89 -32% -35% -56%
Eagle Rock Energy Partners LP Houston TX        2.35        3.55      15.46 -34% -77% -85%
McDermott Intl Houston TX        3.36        5.58      30.46 -40% -82% -89%
Noble Corp Houston TX      13.56      22.59      56.51 -40% -60% -76%
Denbury Resources Inc Plano TX        7.31      13.05      29.75 -44% -56% -75%
Ultra Petroleum Houston TX      15.14      31.12      71.50 -51% -56% -79%
Diamond Offshore Drilling Houston TX      26.71      55.48     142.00 -52% -61% -81%
Swift Energy Co Houston TX        2.34        5.05      44.03 -54% -89% -95%
Transocean Ltd Houston TX      13.60      51.11     143.15 -73% -64% -90%
Goodrich Petroleum Corp Houston TX        2.86      16.10      22.62 -82% -29% -87%
EXCO Resources Inc Dallas TX        1.54        8.86      15.48 -83% -43% -90%
Comstock Resources Inc Frisco TX        4.26      27.90      34.00 -85% -18% -87%









Average % Change all 108 Texas Oil & Gas Companies


213% -57% -1%









Average % Change all 144 Texas Non-Oil & Gas Companies


515% -53% 83%









Average % Change all 252 Texas Companies



386% -54% 47%