Last $125.46 USD
Change Today +2.46 / 2.00%
Volume 1.4K
ISRL On Other Exchanges
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As of 8:10 PM 07/31/14 All times are local (Market data is delayed by at least 15 minutes).

isramco inc (ISRL) Snapshot

Open
$122.30
Previous Close
$123.00
Day High
$125.46
Day Low
$122.30
52 Week High
11/5/13 - $157.99
52 Week Low
09/4/13 - $104.10
Market Cap
341.0M
Average Volume 10 Days
576.1
EPS TTM
$-0.76
Shares Outstanding
2.7M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for ISRAMCO INC (ISRL)

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isramco inc (ISRL) Details

Isramco, Inc., an independent oil and natural gas company, is engaged in the exploration, development, and production of oil and natural gas properties located onshore in the United States and offshore Israel. It operates through two segments, Exploration, Development, and Production; and Production Services. The company owns working interests in oil and gas wells in Louisiana, Texas, New Mexico, Oklahoma, Wyoming, Utah, and Colorado; and operates approximately 589 producing wells located primarily in Texas and New Mexico. It also has overriding royalty interests in three oil and gas licenses located offshore Israel. The company sells its oil and natural gas to independent marketers, oil and natural gas companies, and gas pipeline companies. In addition, it operates a fleets of well servicing rigs that provide a range of well services, including completion of newly-drilled wells; maintenance and workover of existing wells; and plugging and abandonment of wells to oil and gas exploration and production companies. As of December 31, 2013, the company’s estimated total proved oil, natural gas reserves, and natural gas liquids were approximately 41,035 thousand barrels of oil equivalent, consisting of 2,874 thousand barrels (MBbls) of oil; 218,990 million cubic feet of natural gas; and 1,662 MBbls of natural gas liquids. It also has 27 deployed well service rigs that operate primarily in Texas and New Mexico. Isramco, Inc. was founded in 1982 and is based in Houston, Texas.

228 Employees
Last Reported Date: 03/17/14
Founded in 1982

isramco inc (ISRL) Top Compensated Officers

Chairman, Chief Executive Officer, President ...
Total Annual Compensation: $360.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $210.7K
Chief Accounting Officer
Total Annual Compensation: $93.8K
Legal Counsel and Corporate Secretary
Total Annual Compensation: $102.7K
Compensation as of Fiscal Year 2013.

isramco inc (ISRL) Key Developments

Isramco Inc. Announces Unaudited Earnings Results for the First Quarter Ended March 31, 2014

Isramco Inc. announced unaudited earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported revenues of $21,368,000 compared to $11,452,000 a year ago. Operating income was $8,036,000 compared to $779,000 a year ago. Net income was $4,185,000 or $1.50 per basic and diluted share compared to net loss of $509,000 or $0.19 per basic and diluted share a year ago. Net cash provided by operating activities was $4,836,000 compared to $1,913,000 a year ago. The increase in revenue was primarily due to Isramco's overriding royalty interest in the Tamar Field offshore Israel, which generated net revenues of $5,102,000, and growth in its well service operations, which increased revenues to $6,414,000 compared to $2,704,000 for the same period in 2013. Revenues also increased as a result of higher sale prices for natural gas, crude oil, and natural gas liquids in the U.S. Revenues from domestic sales increased to $9,588,000 from $8,472,000 for the same period a year earlier. This increase in net income was primarily due to royalty revenues from the Tamar Field, an increase in revenues from its well service activities, and increased revenues from U.S. based production. These increases in Revenues were partially offset by related increases in operating costs.

Union Fenosa In Talks To Acquire Stake In Gas Field

Union Fenosa Gas, S.A. is in talks with the Tamar partners to buy 20% of the natural gas in the field. The partners include Isramco Inc. (NasdaqCM:ISRL), Noble Energy, Inc. (NYSE:NBL), Delek Group Ltd. (TASE:DLEKG), Delek Drilling - Limited Partnership (TASE:DEDR.L), Avner Oil Exploration - Limited Partnership (TASE:AVNR.L) and Alon Natural Gas Exploration Ltd. (TASE:ALGS). If the agreement is signed with the Tamar partners then the natural gas will be exported through Union Fenosa and ENI's liquid natural gas installation in Egypt.

Isramco Inc. Reports Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2013

Isramco Inc. reported unaudited earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported revenues of $20,617,000 compared to revenues of $13,383,000 for the fourth quarter a year ago. Net loss of $13,132,000 or $4.83 per share compared to a net loss of $652,000, or $0.24 per share for the same quarter a year earlier. The loss was primarily caused by one time impairment of $23,161,000 on its oil and gas properties in United States, lower crude oil, natural gas and natural gas liquids sales revenues in the fourth quarter of 2013 as a result of a decrease in crude oil, natural gas and NGLs sales volumes in the U.S. This decrease was partially offset by revenues from the company's overriding royalty in Tamar Field off shore Israel, an increase in revenues from well service activities and an increase in crude oil, natural gas and NGLs sales prices. Operating loss was $18,377,000 against operating income of $589,000 a year ago. For the full year, the company's revenues from oil and gas sales were $51,288,000 compared to $40,402,000 in 2012. Net loss was $6,710,000 or $2.47 per share compared to a net income of $2,221,000 or $0.82 per share in 2012. When compared to 2012, the loss was primarily due to a one time impairment of $23,161,000 on its oil and gas properties in the United States in 2013, the company's net gain of $3,650,000 in 2012 on sale of its investment in shares of a related party, Jerusalem Oil Exploration Ltd, lower crude oil, natural gas and NGLs sales revenues in 2013 as a result of a decrease in crude oil, natural gas and NGLs sales volumes in the U.S., and a decrease in NGLs prices in 2013. This loss was partially offset by revenues from the company's overriding royalty in the Tamar Field off shore Israel, an increase in revenues from well service activities and an increase in NGLs sales prices. Operating loss was $3,329,000 against operating income of $5,997,000 a year ago. Net cash provided by operating activities was $24,282,000 against $17,000,000 a year ago.

 

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