Monday, February 17, 2025

EOG on a Roll: 9500 Locations, 40 Rigs, 20 Frac Spreads, 720 Planned Completions for 2018

EOG Resources (ticker: EOG) reported its Q3 results Thursday, and held its earning call today. Highlights from the Q3 Results include: Raised 2018 Capex Guidance Range to $5.8-$6.0 billion. Third quarter 2018 net income of $1.2 billion, or $2.05 per share. Q3 operating revenues/other of $4.8 billion. To read the complete earnings release, please refer to this link.   Heard on the call Chairman

Colorado E&Ps, Service Companies Weigh In on Proposition 112

“It’s a shame that we have to go to such lengths to defend our rights to produce a product that is beneficial to every individual’s life” – Lynn Peterson, CEO, SRC Energy As most companies active in Colorado will report before the election, investors are attempting to assess the potential effects of the measure when talking to executives during conference

Parsley Sticks to Capital Budget with Lower Q4 CapEx

Recycled water program shows promise Parsley Energy (ticker: PE) announced third quarter results today, showing earnings of $113.3 million, or $0.41 per share. This result is significantly improved from Q3 2017, when the company lost $13.3 million, but falls slightly short of the $119.2 million Parsley earned in Q2 2018. This decrease is primarily due to derivative losses, as after

Rigs Move from Texas to SCOOP/STACK

Rig Count Declines After Three Weeks of Growth Drilling activity fell this week, reversing last week’s increase, according to the latest edition of Baker Hughes’ Weekly Rig Count. A net one rig shut down this week, meaning there are 1,067 rigs active in the country. There was little change in rigs by location type, as land and inland waters rigs