Sunday, March 9, 2025

QEP Q3: Refrac Program Boosts Haynesville Production 60% Without a Drilling Rig

Pinedale divestiture and Permian Basin acquisition accelerate transition of QEP to a crude-oil company, successful Haynesville refracs push production up 60% – without a drilling rig The third quarter was good for QEP Resources (ticker: QEP). QEP closed its acquisition of 13,000 net acres in Martin County, Texas for $683.5 million and it completed the sale of its Pinedale Anticline

Fracing

EQT Corporation Q3: $402 Million Net Cash from Operations, Adds 35 Net Wells

Mountain Valley Pipeline project expected to receive remaining permits and approvals in Q4 2017, with construction to commence soon after EQT Corporation (ticker: EQT) released its Q3 earnings report today. EQT Q3 Highlights and financial results Production sales volume was 5% higher than Q3 2016 Average realized price was 26% higher than Q3 2016 Received FERC Certificate for Mountain Valley

Alaska’s Oil Production Decline Flattens, State Hopes for a Continued Upswing

Oil production rose in 2016, 2017, expected to rise in 2018 Most attention in the U.S. oil and gas industry has focused on unconventionals with the Permian basin being the hottest of the hot shale plays based on operator activity, industry employment and deal flow. However a mere 3,814 miles and 63 hours away by car, lies a conventional oil

Whiting Targets 10% Production Growth in Q4

Whiting plans to grow production within cash flow in 2018 Whiting (ticker: WLL) announced third quarter results today, showing a net loss of $286 million, or ($0.79) per share. After adjusting for special charges, Whiting experienced a net loss of $50 million, or ($0.14) per share, which beat analyst expectations of ($0.20) per share. Whiting reports that Q3 production averaged