--(www.USEquityNews.com)-- 08/05/2008 - Oil and Gas Exploration industry alert provided by U.S. Equity News. Quest Resource Corporation (NYSE: QRCP) and Quest Energy Partners, L.P. (NASDAQ: QELP) recently announced that they will release second quarter 2008 earnings and host a conference call on Tuesday, August 12, 2008. Jerry D. Cash, Chairman and Chief Executive Officer, David C. Lawler, Chief Operating Officer, and David E. Grose, Chief Financial Officer, will review results and be available for a question and answer session. To participate, investors and analysts in the U.S. may dial (877) 675-4752 shortly before 11:00 a.m. (ET). International investors may dial (719) 325-4848. The passcode for the live call and telephonic replay is 4681784. Investors may access the respective press releases and the live audio webcast or replay of the call at http://www.qrcp.net or http://www.qelp.net. The telephonic replay can be accessed after the call through August 15, 2008 at (888) 203-1112 or (719) 457-0820 (international).
Pioneer Southwest Energy Partners L.P. ("Pioneer Southwest") (NYSE: PSE) recently announced financial results for the quarter ending June 30, 2008. Net income for the second quarter was $26 million. Income since the May 6, 2008 closing date of the initial public offering was $16 million or $.53 per common unit. Oil and gas sales for the second quarter averaged 5,006 barrels oil equivalent per day (BOEPD). Cash flow from operating activities for the period was $35 million of which approximately $16 million was attributable to operations from May 6 through June 30. Second quarter oil sales averaged 3,046 barrels per day (BPD), natural gas liquids (NGLs) sales averaged 1,135 BPD and gas sales averaged 5.0 million cubic feet per day (MMCFPD). The reported second quarter average price for oil was $116.54 per barrel. The price for natural gas liquids was $50.05 per barrel.
Bois d'Arc Energy, Inc. ("Bois d'Arc" or the "Company") (NYSE: BDE) recently reported financial and operating results for the quarter and six months ended June 30, 2008. Bois d'Arc reported net income of $39.8 million, or 59? per diluted share, for the three months ended June 30, 2008 as compared to 2007's second quarter net income of $17.4 million, or 26? per diluted share. The increase in profits in the quarter was driven primarily by strong oil and gas prices. Bois d'Arc's average realized oil price in 2008's second quarter of $124.62 per barrel increased 88% over 2007's second quarter average oil price of $66.28 per barrel. The Company's average realized natural gas price of $11.52 per Mcf in 2008's second quarter was 49% higher than the $7.74 per Mcf realized in 2007's second quarter.
Diamond I, Inc. (OTCBB: DMOI), a reporting company trading on the OTCBB that is to change its name to "US BioFuels Exchange, Inc.," announced recently that it has obtained the first round of funding for its online biofuels exchange, USBiofuelsExhange.com (the "US-BX"). This first funding was obtained from a group of investors, including petroleum and biofuels marketing veterans and petroleum and biofuels marketing companies. This funding assures the launch of the US-BX. "This type of industry support certainly bolsters our belief that the time for the US-BX is now," said Tom Gray, DMOI's newest director. "We are excited with the building momentum and look forward to announcing more developments in this important project."
About U.S. Equity News
U.S. Equity News provides information, resources and news services for investors of small-cap, micro-cap and emerging companies. U.S. Equity News distributes RSS news feeds and a free subscription-based newsletter available through its website at www.usequitynews.com.
U.S. Equity News is a financial news distribution service by Equity Solutions, Inc. (www.equityirsolutions.com) that provides a platform for public companies to disseminate important news to key Wall Street interest such as shareholders and new investors. Equity Solutions, Inc. can assist by providing an effective increase in the awareness of a public company's news, development and corporate story through its proprietary network and its financial portal. U.S. Equity News and its affiliates charge each client cash for news distribution and may take an equity position in the companies mentioned herein, please visit the disclaimer at www.USEquityNews.com.
