Thursday, January 30, 2025

Seven Generations Energy Chalks Up $562 Million Net Income

2017 average Q4 production was 197,000 BOEPD Montney producer Seven Generations Energy Ltd. (ticker: VII) reported a net income of $83.6 million, or $0.23 per share for the fourth quarter of 2017. For the full year, the company posted a net income of $562.5 million, or $1.54 per share. Fourth quarter liquids production was 115,100 Bbls/d, which included 63,700 Bbls/d

Abraxas Petroleum Drilling the Delaware Basin, June Completions on Tap in the Williston

Abraxas Petroleum Corporation (ticker: AXAS) reported a net loss of $4.1 million, or $(0.02) per share. For 2017, the company reported a net income of $16 million, or $0.10 per share. In Q4 2017, the company produced 808 MBOE, or 8,788 BOEPD. For 2017, the company produced 2.7 MMBOE, or 7,391 BOEPD. Operations Delaware Basin In Ward County, Texas, Abraxas

Bellatrix Exploration Working on Spirit River, Cardium; $65-$60 Million CapEx in 2018

Bellatrix Exploration Ltd. (ticker: BXE) had a net loss of CDN$13.1 million, or $(0.26) per share. For 2017, the company reported a net loss of $91.4 million, or $(1.85) per share. Bellatrix produced approximately 37.1 MBOEPD in Q4 2017. The company drilled and/or participated in 2 gross (1.9 net) Spirit River wells during the fourth quarter of 2017. Completion and

Stone Energy Nets $382 Million in 2017, Merger with Talos Continues

Stone Energy Corporation (ticker: SGY) reported a net income of $17.1 million, or $0.85 per share for Q4 2017. For the full year of 2017, the company reported a net income of approximately $382.7 million. Net daily production during the fourth quarter of 2017 averaged approximately 17.6 MBOEPD, compared to net daily production of approximately 19.2 MBOEPD for Q3 2017.

WildHorse Resource Earns $50 Million, Brings Online 90 Net Hz Wells in 2017

Almost 100 Gen 3 Eagle Ford wells were online by yearend of 2017 2018 Eagle Ford: WRD plans own in-basin sand mine, could reduce well costs $400,000-$600,000 per well WildHorse Resource Development Corporation (ticker: WRD) reported a net income of $14.1 million for Q4 2017. For 2017, the company reported a net income of $49.9 million. Net income available to

VAALCO Energy Earns $0.17 Per Share in 2017

VAALCO Energy, Inc. (ticker: EGY) reported an income of $10.3 million, or $0.17 per diluted share for 2017. In Q4 2017, the company reported an income of $3.5 million, or $0.06 per diluted share. The company produced an average of 3,957 net BOPD in Q4 2017 and for the full year of 2017, VAALCO produced approximately 16,649 BOPD. The company’s

Oil & Gas 360 The U.S. energy sector, while not entering a downturn, is facing an extended period of lower oil prices, lower profits and tighter spending, ultimately leading to slower growth, fewer companies and fewer jobs

2018: The World’s Largest Public Oil & Gas Companies

In this update to our 2016 rankings, the top two slots in the list still belong to the Russian giants, Exxon is still third, and PetroChina held onto fourth place – but Shell and BP flipped positions, changing the makeup of the world’s five largest oil companies With 2017 in the books, it is a good time to see where

PetroQuest Energy Cuts Loss to $0.02 for Q4

PetroQuest Energy, Inc. (ticker: PQ) reported a net loss to common stockholders for Q4 2017 of $389,000, or $(0.02 per) share. This compares to Q4 2016 net loss to common stockholders of $9,659,000, or $(0.46) per share. For 2017, the company reported a net loss to common stockholders of $11,776,000, or $(0.55) per share, compared to net loss to common