Friday, February 7, 2025

Apache Stops Oil Drilling at Alpine High

New Alpine High development targets rich gas, NGLs By Richard Rostad, analyst, Oil & Gas 360 Apache Corporation (ticker: APA) reported fourth quarter results and reserves today, showing a net loss of $381 million, or ($1.00) per share. This result was impacted by several impairments, and if these and other special charges are excluded Apache’s Q4 income totaled $119 million,

PDC Emphasizes Cash Flow in Executive Compensation

New comp plan is based on cash flow per debt-adjusted share, free cash flow as a percent of total capital investment, capital efficiency, LOE and G&A per BOE and production By Richard Rostad, analyst, Oil & Gas 360 PDC Energy (ticker: PDCE) announced fourth quarter results today, showing $178.8 million in net income, or $2.71 per share. PDC produced 128

Like fine whisky, Texan oil exporters tout unblended crude - oil and gas 360

Saudi Arabia’s Crude Supply to U.S. Gulf Falling Fast and Hard

From Bloomberg Saudi Arabia sliced its crude supply to plants located on the U.S. Gulf Coast, the world’s largest refining center, by more than half from a year ago. And shipments may grind to a complete halt soon. The Middle East’s largest producer is making good on its pledge to reduce deliveries to its biggest American customers in an effort