Equity Research on McMoRan Exploration and Plains Exploration & Production -- Onshore and Swallow Water Drilling Looking More an
September 02 2010 - 9:09AM
Marketwired
www.stockcall.com/ offers investors comprehensive research on the
independent oil & gas industry and has completed analytical
research on
McMoRan Exploration Co. (NYSE:
MMR) and
Plains Exploration & Production
Company (NYSE: PXP). Register with us today at
www.stockcall.com/ to have free access to these researches.
Fall brings about a decline in oil consumption, and oil prices
have also cooled down recently, as reports have revealed larger
than anticipated U.S. inventories. Although oil prices are down,
year over year earnings reports remain positive for companies in
the industry, as oil is still well above last year's prices.
Register now at
https://stockcall.com/development/stockcall/page.php?name=register.html
to have free access to our reports on the independent oil & gas
industry.
For the second quarter 2010, McMoRan Exploration Co. posted
higher revenue of $108 million, whilst Plains Exploration &
Production Company saw its revenue jumped by 31% to $364.6 million.
Research reports for McMoRan Exploration Co.
and Plains Exploration & Production
Company are available for free by signing up now at
www.stockcall.com/MMR020910.pdf or
www.stockcall.com/PXP020910.pdf.
www.stockcall.com/ is an online platform where investors doing
their due-diligence on the independent oil & gas industry can
have easy and free access to our analyst research and opinions on
McMoRan Exploration Co. and Plains Exploration & Production
Company; investors and shareholders of these companies can simply
register for a complimentary membership at
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While the explosion of the Deepwater Horizon oil rig has put a
moratorium on deep water drilling in the Gulf of Mexico, new
mapping technology has allowed companies to start re-exploring the
shallow waters in the region, that were previously deemed
unprofitable. Shallow water drilling has been left off the
moratorium, as rigs that are anchored in the ground are relatively
safer than the floating rigs used in deep water drilling. Visit
www.stockcall.com/ to see how companies in this industry have grown
over the past years and how they are expected to perform in the
future.
Other companies previously operating in the gulf are heading for
onshore opportunities, as the costs associated with deep water
drilling in the gulf are expected to increase as regulations and
restrictions are implemented.
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