Friday, January 10, 2025
Cushing oil storage tanks -oilandgas360

Longest Sustained Draw for Oil Since 1982

Oil at highest price since 2014, gas at 13-month high Oil inventories approaching five-year average, NatGas below 5-year Oil and gas inventories have been making waves this week, with both commodities generating major headlines. Oil inventories fell this week, dropping by 1,071 MBBL. This marks the tenth-straight week of falling oil inventories, the longest drop on record. The previous record

Panhandle Oil and Gas Inc. to Present at EnerCom Dallas 2018

Panhandle Oil and Gas Inc. (ticker: PHX) is headquartered in Oklahoma City, Oklahoma. Panhandle has approximately 255,000 net acres of perpetually owned mineral rights spread across Arkansas, Oklahoma and Texas. Panhandle leases its properties to oil and gas operators and does not have the burden of paying to operate productive leases, but instead acts as a royalty interest holder. As

Laredo Petroleum 2017 Production Hits 21.3 Million Barrels

Laredo Petroleum, Inc. (ticker: LPI) released several new reports today, including estimated annual production, year-end reserve estimates and the company’s projected 2018 CapEx. Year-end 2017 reserves and operating results highlights 17% increase in production in 2017 to a company record of 21.3 million barrels of oil equivalent (MMBOE) 36% organic growth in proved developed reserves, an increase of 50 MMBOE

SilverBow Resources Releases 2018 CapEx and Guidance

SilverBow Resources, Inc. (ticker: SBOW) recently announced its 2018 capital program of $245-$265 million. For 2018, SilverBow said that total company production is projected to average 175-195 MMcfe/d, an increase of approximately 25-40% from 2017 levels. This projection has been adjusted to include small noncore divestitures in 2017 and the Olmos divestiture planned for the first quarter 2018. 2018 capital

Range Resources Releases 2018 CapEx, Proved Reserves Update

Approximately 80% of 2018 capital is projected to be spent in the Marcellus, generating greater than 25% growth Range Resources Corporation (ticker: RRC) announced a 2018 capital budget of $941 million, which is below anticipated 2018 cash flow at current strip prices and generates annual production growth of approximately 11%. Additionally, Range announced a five-year outlook from 2018 through 2022