SOURCE: StockCall

StockCall

September 02, 2010 09:09 ET

Equity Research on McMoRan Exploration and Plains Exploration & Production -- Onshore and Swallow Water Drilling Looking More and More Popular

JOHANNESBURG, SOUTH AFRICA--(Marketwire - September 2, 2010) -  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 https://stockcall.com/development/stockcall/page.php?name=register.html

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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