Wednesday, April 30, 2025

Penn Virginia: 2017 Slickwater Completions Bode Well for 2018

Penn Virginia Corporation (ticker: PVAC) announced its financial and operational results for Q4 2017 and full year 2017. Operational Highlights The two-well Geo Hunter pad had a 30-day initial production (“IP”) rate of 3,767 BOEPD and a previously announced 24-hour IP rate of 5,465 BOEPD. In addition, PVAC recorded a 24-hour IP rate from its Southern Hunter Amber two-well pad

Callon Petroleum Expands Horizontal Drilling Operations, Running 5 Rigs, 2 Completions Crews in the Permian

Callon Petroleum Company (ticker: CPE) reported results of operations for the three months and full-year ended December 31, 2017. Financial and operational highlights Full-year 2017 production of 22.9 MBOE/d (78% oil), an increase of 50% over 2016 volumes Fourth quarter 2017 production of 26.5 MBOE/d (79% oil), a sequential quarterly increase of 18% Year-end proved reserves of 137.0 MMBOE (78%

Southwestern Earns $815 Million in 2017, Looks to Spend $1.2 Billion from Cash Flow in 2018

Cash flow from Appalachia will be ‘double-digit growth and robust’ – Way Goal is to take 135 wells to production with 6 rigs and 5 completion crews Southwestern Energy (ticker: SWN) announced fourth quarter results and reserves today, showing net quarterly earnings of $267 million, or $0.53 per share. The company earned a total of $815 million in 2017, significantly