Tuesday, December 24, 2024
Earnings in Brief: Six E&Ps and a Sand Supplier Announce 2018 Wins, Losses - Oil & Gas 360

Earnings in Brief: Six E&Ps and a Sand Supplier Announce 2018 Wins, Losses

2018 Earnings season gets ready for a wrap As oil and gas earnings are getting ready for the wrap party, a group of middle market producers and a proppant company announced earnings in the past few days, with key points summarized in brief below. Earnings in Brief: Six E&;Ps and a Sand Supplier Announce 2018 Wins, Losses – Oil &

Global Oil Production Represented at 2019 EnerCom Conference is 47% Higher than in 2017 - Oil & Gas 360

The Oil & Gas Story in 2018 was Written by Strong Oil Prices

Oil prices above breakeven for three quarters of the year positive for drillers On the whole, 2018 produced good news for U.S. oil and gas companies, at least through the first three quarters of the year. Prices were above breakeven level for the first nine months of 2018, allowing producers to kick drilling plans and capital usage into high gear,

Colorado Ballot Count Begins at 1.85 Million as Election Day Dawns

Colorado voters could set a mid-term record Here’s how the ballot count breaks down before polls officially opened on election day, according to the Colorado Secretary of State’s ballot count report as of 12:34 a.m. Nov. 6, 2018: DEMOCRAT BALLOTS RECEIVED: 625,650 – 34% REPUBLICAN BALLOTS RECEIVED: 618,922 – 33% UNAFFILIATED BALLOTS RECEIVED: 584,560 – 32% GRAND TOTAL RECEIVED: 1,853,103

Day Three at the 2018 EnerCom Conference

The third day of the 2018 EnerCom The Oil & Gas Conference brought out a range of producers and oilfield service companies, plus three panels to wrap up the day–Oil & Gas in Mexico, an International Operators panel and a Private Company panel. Encana (ticker: ECA), Nabors Industries (ticker: NBR), Felix Energy (private), Razor Energy (ticker: RZE), Unit Corp. (ticker:

Lilis Adds Crude Gathering Capacity

Permian E&P Lilis Energy, Inc. (ticker: LLEX) has entered into a crude oil gathering agreement with Salt Creek Midstream, LLC. Salt Creek’s system will be constructed, managed and operated by ARM Midstream Management, LLC. Construction of the project is expected to commence immediately with service to begin in 2019. No volume commitments, Salt Creek provides all capital Salt Creek is

Goodrich Petroleum: Focused on Haynesville through 2019

All CapEx in 2018 and 2019 focused on Haynesville Goodrich Petroleum Corporation (ticker: GDP) had a net loss of $5.3 million in the first quarter of 2018, or $(0.47) per share. Capital expenditures totaled $21 million in the quarter, of which $20.6 million was spent on D&C and $0.4 million on other expenditures, Goodrich said. All of Q1’s total capital

Gulfport Energy Scores Big Gas Wells in the SCOOP

Expects to fund all $780 million CapEx within cash flow in 2018 Gulfport Energy Corporation (ticker: GPOR) provided an update on two notable SCOOP well results. During its initial 30 days of production, the Lilly 3-15X10H cumulatively produced 395.5 MMcf of natural gas and 9.6 thousand barrels of oil. On a three-stream basis, the Lilly 3-15X10H produced at an average

Extraction Oil & Gas Ups Stock Repurchase Program - Oil & Gas 360

Extraction Oil & Gas Targets Positive All-In Free Cashflow in 2H 2018

Extraction Oil & Gas, Inc. (ticker: XOG) reported a net loss of $52 million for Q1 2018, or $(0.32) per share. First quarter average net sales volumes were 68,874 BOEPD, including 36,052 BPD of crude oil, an increase of 106% year-over-year and 4% sequentially. During the quarter, Extraction reached total depth on 41 gross (27 net) wells with an average

WildHorse Resource Produced 52.4 MBOEPD in Q1

WildHorse Resource Development Corporation (ticker: WRD) reported a net loss available to common stockholders of $123.2 million in Q1 2018, or $(1.24) per share. Net production was 52.4 MBOEPD for the quarter, consisting of 60% oil, 31% natural gas and 9% NGLs. The company said it realized 103% of WTI during Q1 2018. “In 2018, we are further optimizing our

OXY’s New Mexico Permian Wells Coming in with IP-30s of 3,100 BOEPD

Occidental Petroleum Corporation (ticker: OXY) reported a core income of $708 million for the first quarter of 2018, or $0.92 per diluted share. Total average daily production volumes were 609,000 BOE for the first quarter of 2018, compared to 621,000 BOE in the fourth quarter of 2017. Permian average daily production volumes improved from the prior quarter by 18,000 BOE,