August 2, 2017 – Oil & Gas 360

EnerCom Announces Speakers and Agenda for The Oil & Gas Conference® 22 in Denver – August 13-17, 2017

August 2, 2017

Presenters added to EnerCom’s Oilfield Tech & Innovation Day – Aug. 17, 2017 EnerCom has announced the speakers and agenda for The Oil & Gas Conference® 22 on August 13-17, 2017, in Denver, at the Westin Denver Downtown. The four-day conference will feature presentations from C-level executives at publicly traded and private oil and natural gas companies, as well as

Devon joins shale firms to cut spending as oil hovers at $30- oil and gas 360

Devon Energy: 77% of Q2 Production was from U.S. Resource Plays

August 2, 2017

During Q2, Devon Energy (ticker: DVN) averaged approximately 536,000 BOEPD which was 6,000 BOEPD higher than the company’s midpoint guidance for the quarter. Of that, approximately 44% of the production was oil. Devon indicated that 412,000 BOEPD of its total 536,000 BOEPD was sourced from U.S. resource plays. The company believes that its liquid volumes will reach approximately 65% of

EOG Resources Earns $23 Million in Q2

August 2, 2017

EOG Resources (ticker: EOG) had a Q2 net income of $23.1 million. A year ago, during the same quarter of 2016, the company reported a net loss of $292.6 million. EOG’s oil production grew to 334,700 BOPD during Q2, a 25% improvement from the previous quarter. In its Delaware basin assets, EOG completed 25 wells in the Wolfcamp, 19 wells

The Shale Boom in the Permian Is Slowing Down - 360

Pioneer Utilizing Increased Proppant and Water in Midland

August 2, 2017

Version 3.0+ testing future completion designs – ability to swing water is a ‘huge game changer’ Pioneer Natural Resources (ticker: PXD) announced second quarter results today, showing net income of $223 million, or $1.36 per share. These results significantly exceed the company’s losses in both Q1 2017 and Q2 2016 of ($42 million) and ($268 million), respectively. Pioneer produced 259

Diamondback: Buy Local – Texas Sand Helps Decrease Well Costs

August 2, 2017

One added rig makes nine Diamondback Energy (ticker: FANG) has announced second quarter results, showing net income of $158 million, or $1.61 per share. This is slightly higher than the $136 million the company earned in Q1, and significantly higher than the $155 million loss Diamondback took in Q2 2016. Production averaged 77 MBOEPD, which is 25% higher than Q1

Bill Barrett Q2: Producing More, Spending Less

August 2, 2017

BBG adds second rig in the DJ – company likely to exit Utah, put the capital into the DJ: Crawford Bill Barrett Corporation (ticker: BBG) reported production at the high end of its initial Q2 guidance—with cumulative volumes of 1.53 MMBOE for the second quarter. The company’s anticipated production was between 1.45 and 1.55 MMBOE. The company indicated that it

Who Needs $100 Oil? Majors Making More Cash at $50, Goldman Says

August 2, 2017

From Bloomberg Oil majors are raking in more cash now than they did in the heyday of $100 oil, according to Goldman Sachs Group Inc. Integrated giants like BP Plc and Royal Dutch Shell Plc have adapted to lower prices by cutting costs and improving operations, analysts at the bank including Michele Della Vigna said in a research note Wednesday. European majors made

Marathon Oil Reports Second Quarter 2017 Results

August 2, 2017

Marathon Oil Reports Second Quarter 2017 Results

North American Energy Partners Inc. Announces Results for the Second Quarter Ended June 30, 2017

August 2, 2017

North American Energy Partners Inc. Announces Results for the Second Quarter Ended June 30, 2017

Williams Partners Reports Second-Quarter 2017 Financial Results

August 2, 2017

Williams Partners Reports Second-Quarter 2017 Financial Results

Suncor Energy extends condolences on death of former CEO, Rick George

August 2, 2017

Suncor Energy extends condolences on death of former CEO, Rick George

Range Resources Q2 2017: $70 Million Net Income Reverses Last Year’s Loss

August 2, 2017

Production approaching 2 Bcfe per day During its second quarter of 2017, Range Resources (ticker: RRC) reported a net income of $70 million as compared to a net loss of $225 million a year ago. The company’s cash margins grew to $1.09 per Mcfe up from $0.70 per Mcfe in Q2, 2016. Range reached a new record in production at

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