NEW DELHI, INDIA--(Marketwire - Nov 9, 2012) - The independent oil & gas industry, which includes companies such as Southwestern Energy and Range Resources, is currently in an envious position. Prices for oil and natural gas have been improving of late, and increased demand for natural gas is also encouraging moving forward. Street-Wire.com today posted reports for two companies, Southwestern Energy Company (
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For companies with natural gas operations in the U.S., the situation remains bright. The shift away from coal-based power generation to natural gas could help bolster profits moving forward, as an increasing number of power plants are turning to natural gas as it offers several advantages over other energy options. Natural gas vehicle filling stations are also cropping up across the country, as more individuals and companies are switching to natural gas powered vehicles in the wake of expensive conventional fuel. Furthermore, The U.S. is currently looking to procure more energy from domestic sources, which also works in favor of companies with U.S.-based oil and gas operations. Our financial analysis on Range Resources today is accessible at
While there are a plethora of positives for the industry, it is not without its headwinds. Lower natural gas prices reduced earnings for a number of industry players in the 3rd quarter, and continued price volatility could persist through the end of the year and into 2013. Competition is also fierce, and those that are able to keep costs down while still maximizing production could outperform their peers. Southwestern Energy financial analysis available at
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