Friday, January 17, 2025

EQT Reschedules Completions

CapEx up, later completions means Q4 production will be down EQT Corp (ticker: EQT) announced third quarter results today, showing a net loss of $39.7 million or ($0.15) per share. Much of this loss is due to impairments and other special charges. After these are excluded, EQT earned an adjusted $90.9 million in Q3 2018, well above the adjusted $17.4

ConocoPhillips as Profitable Today as Q3 2014

COP matches pre-downturn results despite 25% lower oil prices and 20% lower production ConocoPhillips (ticker: COP) announced third quarter results today, showing net earnings of $1.9 billion, or $1.59 per share. Conoco produced 1,224 MBOEPD in Q3, up 2% compared to Q3 2017, or 6% if divestitures are excluded. This slight overall increase conceals significant growth from the company’s U.S.

Delaware Operator Felix Energy Hires Jefferies To Seek Sale: Reuters

From Reuters Felix Energy LLC, a closely held Denver-based oil producer with operations in the largest U.S. shale field, is exploring a sale that could value the company at more than $3.5 billion, two people familiar with the matter said on Wednesday. The U.S. oil producer has hired investment bank Jefferies to solicit buyers, the sources said. Felix Energy did