JC Data Solutions Inc (fka JCDS)

[reaper247]

Many JCDS clients continue to do OK during the oil and gas downturn.

Grand Energy has just announced a new royalty interest offering in their Barber Hills field prospect outside of Houston Texas. Their offering in the Spindle Top project concluded and closed in the second half of 2014.

Legacy Reserves (NASDAQ: LGCY)has cut capital expenditures for 2015 but have a decent hedge position to help offset lower prices and have recently announced that they will be maintaining the $.61 dividend for the fourth quarter 2014. That is a 28% annual yield at the current battered LGCY PPS.

Pantera Energy has announced several new projects since they acquired the producing $NATGAS properties from British Petroleum (NYSE: BP) for $390M in July 2014. You can read the article about that acquisition here.

http://fuelfix.com/blog/2014/07/07/bp-to-sell-panhandle-gas-fields-to-pantera-for-390m/

Breitling/Crude Energy continue to drill in West Texas and a couple of other areas during the slow down. Breitling Energy CEO Chris Faulkner believes that some places in Texas will continue to be profitable at lower prices and that the recent lay-offs in the industry will help reduce excess supply in the market and help buoy oil prices in the send half of 2015.

He was recently on CNN discussing the topic. It is a short video for those who are interested in seeing it.

Its great to have a company like JCDS that can help reduce costs of royalty distribution payments to an industry that needs to find ways to save money and remain profitable.

IMO and FWIW.