Wednesday, November 27, 2024

AMR

PetroShale Rig -oilandgas360

Alta Mesa Resources Expects $725-$800 Million 2018 CapEx

Alta Mesa Resources, Inc. (ticker: AMR) and its wholly owned subsidiaries, Alta Mesa Holdings, LP (AMHLP) and Kingfisher Midstream, LLC, have released financial results, CapEx guidance and other updates. 2018 CapEx Alta Mesa’s total capital expenditures for 2018 are expected to range from $725 million to $800 million. Capital will be allocated primarily to Alta Mesa’s upstream STACK area, $550 million

Alta Mesa Produces 21 MBOEPD in 2017, Increases Rigs for 2018

Alta Mesa Resources, Inc. (ticker: AMR) produced 21,000 BOEPD in 2017, a 50% increase over 2016 net production of approximately 13,000 BOEPD. Total production mix for full-year 2017 was 52% oil, 17% natural gas liquids and 31% natural gas. Fourth quarter 2017 production was approximately 22,000 BOEPD, a greater than 45% increase over approximately 15,000 BOEPD in the fourth quarter

Alta Mesa Resources, Silver Run, Kingfisher Deal is in the Books

Stock will trade on Nasdaq: AMR, starting Feb. 12 Silver Run Acquisition Corporation II (ticker: SRUN) completed its business combination with Alta Mesa Holdings, LP and Kingfisher Midstream, LLC. Alta Mesa is an independent exploration and production company focused on the development and acquisition of unconventional oil and natural gas reserves in the Anadarko Basin. Kingfisher is a company engaged