Friday, December 20, 2024
SilverBow Resources announces first quarter 2024 financial and operating results- oil and gas 360

SilverBow Resources announces first quarter 2024 financial and operating results

Oil and Gas 360 05/01/2024 Download the PDF version PDF Format (opens in new window)PDF 268 KB Results top consensus expectations driven by higher production and lower capital expenditures generating record quarterly EBITDA and strong quarterly free cash flow Total debt reduced by $178 million since closing its South Texas acquisition in late 20231; First quarter 2024 leverage ratio of 1.35x 2 lower

ConocoPhillips misses quarterly profit estimates on lower gas prices- oil and gas 360

ConocoPhillips misses quarterly profit estimates on lower gas prices

Yahoo Finance U.S. oil producer ConocoPhillips missed Wall Street bets for first-quarter profit on Thursday, as lower natural gas prices and increased costs offset gains from higher oil production. A milder-than-expected winter hurt demand for the heating fuel in the quarter and pulled down U.S. natural gas prices to a three-and-a-half-year low in February, also affecting earnings of U.S. oil

NOG exceeds expectations with strong Permian production in first-quarter 2024- oil and gas 360

NOG exceeds expectations with strong Permian production in first-quarter 2024

World Oil (WO) — Northern Oil and Gas Inc. (NOG) has announced its first quarter results, showcasing robust performance with a focus on its operations in the Permian basin. With a record quarterly production of 119,436 Boe per day (59% oil), marking increases of 4% from the fourth quarter of 2023 and 37% from the first quarter of 2023, NOG

Shell smashes forecasts with $7.7 billion quarterly profit- oil and gas 360

Shell smashes forecasts with $7.7 billion quarterly profit

Yahoo Finance LONDON -Shell reported first-quarter profit of $7.7 billion on Thursday, exceeding expectations as disruption to Red Sea shipping and Russian refining boosted oil trading and liquefied natural gas production rose. The company said it will buy back a further $3.5 billion of its shares over the next three months, at a similar rate to the previous quarter. Its

OPEC+ could extend oil cuts, formal talks yet to start, sources say- oil and gas 360

OPEC+ could extend oil cuts, formal talks yet to start, sources say

US News LONDON/MOSCOW – OPEC and its allies have yet to begin formal talks on extending voluntary oil output cuts of 2.2 million barrels per day beyond June, but three sources from OPEC+ producers said they could keep their cuts if demand fails to pick up. OPEC+ has implemented a series of output cuts since late 2022 amid rising output

Weekly Gas Storage: Inventories increase by 68 Bcf- oil and gas 360

Weekly Gas Storage: Inventories increase by 59 Bcf

Natural Gas Inventories as of April 26, 2024 The EIA has released its natural gas inventory report, showing a net increase of 59 Bcf as of April 26, 2024. Working gas in storage was 2,484 Bcf as of Friday, April 26, 2024, according to EIA estimates. This represents a net increase of 59 Bcf from the previous week. Stocks were