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Industry Report Card: U.S. Oil and Gas Jan 05 Product Image

Industry Report Card: U.S. Oil and Gas Jan 05

  • ID: 1829241
  • January 2005
  • Region: United States
  • Standard & Poors

FEATURED COMPANIES

  • Alon USA Energy Inc.
  • Comstock Resources Inc.
  • Flint Hills Resources LLC
  • Hunt Oil Co.
  • Noble Energy Inc.
  • Sunoco Inc.
  • MORE

Abstract
When Standard & Poor's assigns credit ratings to companies in the oil and gas industry, it makes assumptions about the distribution of future hydrocarbon prices. The pricing assumptions are not price forecasts; they are intended to provide a starting point for assessing an oil and gas exploration and production company's short- and long-term ability to repay its obligations. Standard & Poor's publishes its pricing assumptions to provide clarity to the users of its credit ratings as to the underlying assumptions that are embedded in them. Standard & Poor's pricing assumptions are different from an explicit price forecast in part because of their conservative nature. In our opinion, overestimating future prices poses a great hazard to the industry's creditors. Given the...

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.

Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

- Hess Corp.
- Forest Oil Corp.
- Halliburton Co.
- Kerr-McGee Corp.
- Newpark Resources Inc.
- Noble Energy Inc.
- Occidental Petroleum Corp.
- Bristow Group Inc.
- Pogo Producing Co.
- Smith International Inc.
- Chevron Corp.
- Sunoco Inc.
- Tesoro Corp.
- Valero Energy Corp.
- Frontier Oil Corp.
- Apache Corp.
- Unocal Corp.
- Southwestern Energy Co.
- Hunt Oil Co.
- Anadarko Petroleum Corp.
- Baker Hughes Inc.
- Murphy Oil Corp.
- Burlington Resources Inc.
- The Premcor Refining Group Inc.
- EOG Resources Inc.
- Noble Corp.
- CITGO Petroleum Corp.
- National Oilwell Varco Inc.
- SEACOR Holdings Inc.
- BJ Services Co.
- Giant Industries Inc.
- XTO Energy Inc.
- Deer Park Refining L.P.
- Chesapeake Energy Corp.
- Vintage Petroleum Inc.
- KCS Energy Inc.
- Pride International Inc.
- Diamond Offshore Drilling Inc.
- Nabors Industries Inc.
- Veritas DGC Inc.
- Parker Drilling Co.
- Swift Energy Co.
- Transocean Inc.
- Range Resources Corp.
- Magnum Hunter Resources Inc.
- United Refining Co.
- Belden & Blake Corp.
- Grey Wolf Inc.
- Pioneer Natural Resources Co.
- Ensco International Inc.
- Stone Energy Corp.
- Newfield Exploration Co.
- Denbury Resources Inc.
- Cameron International Corp.
- Houston Exploration Co. (The)
- Brand Services Inc.
- Weatherford International LLC
- GulfMark Offshore Inc.
- Comstock Resources Inc.
- Motiva Enterprises LLC
- Devon Energy Corp.
- Superior Energy Services Inc.
- ExxonMobil Corp.
- Hanover Compressor Co.
- Grant Prideco Inc.
- Dresser Inc.
- Marathon Oil Corp.
- Hornbeck Offshore Services Inc.
- Schlumberger Ltd.
- Alon USA Energy Inc.
- GlobalSantaFe Corp.
- Flint Hills Resources LLC
- PHI Inc.
- Encore Acquisition Co.
- Plains Exploration & Production Co.
- ConocoPhillips
- Hilcorp Energy I L.P.
- Seabulk International Inc.
- EPL Oil & Gas Inc.
- Western Refining Inc.
- Basic Energy Services Inc.
- EXCO Resources Inc.
- Whiting Petroleum Corp.
- Seitel Inc.
- Koch Resources LLC
- Universal Compression Inc.
- National Oilwell Inc.
- TransMontaigne Inc.

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