CAPEX – Oil & Gas 360

Duke Energy misses Q4 profit estimates on higher interest costs, raises capex

February 8, 2024

Yahoo Finance Utility firm Duke Energy missed fourth-quarter profit estimates on Thursday on higher interest expenses and raised its five-year capex by $8 billion to support its transition to renewable energy. The U.S. Federal Reserve’s interest-rate hikes to tame inflation have made borrowing more expensive for businesses, impacting utility firms like Duke. The company’s quarterly interest expense for its Electric

Oil Profitability Around the World – or – What is the cost to keep their social programs running?

July 24, 2020

RarePetro Oil & Gas 360 Publishers Note: This is an outstanding piece from Kevin about world oil costs and what the countries need to make in order to keep up with their social programs. We have been covering this topic, and Kevin has articulated the points very well. Many countries base their social and military spending almost solely on revenue

Contura Energy Appoints New CEO and Board Member

July 30, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Contura Energy selects David J. Stetson as its new CEO and as a member of its board of directors Contura Energy (stock ticker: CTRA), a Tennessee-based coal supplier, has unanimously elected David J. Stetson as the company’s new chief executive officer, as well as a member of its board, effective July

Abraxas Petroleum Reduces 2019 Capital Budget

January 29, 2019

Abraxas Petroleum Corporation Announces 2019 Guidance; Provides Operations and Corporate Updates

Chevron Aims $3.6 Billion at the Permian in 2019

December 7, 2018

Chevron announces a $20-billion total CapEx budget for 2019 Yesterday, Chevron Corporation (stock ticker: CVX) provided more details on its 2019 organic capital and exploratory spending program. Total capital and exploratory expenditures will increase approximately 9.3% from 2018-2019, including an increase in shale spending. This is a big change from pre-downturn days of 2014. In 2018 spending was down for the fourth

Inter Pipeline Announces $1.46 Billion CapEx Program for 2019

December 3, 2018

Inter Pipeline Announces Capital Expenditure Program for 2019

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

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

May 10, 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

May 10, 2018

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

May 9, 2018

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,

Cimarex Produced 206 MBOEPD in Q1, with 55% from the Permian

May 9, 2018

Cimarex running 13 rigs: 10 in the Permian, 3 Mid-Con Cimarex Energy Co. (ticker: XEC) reported first quarter 2018 net income of $186.3 million, or $1.96 per share. Total company production for the quarter came in at the high end of guidance, Cimarex said, averaging 206.1 MBOEPD, with oil production averaging 65,212 BPD. Cimarex invested $313 million in exploration and

Bonanza Creek Energy Bumps XRL Type Curves by 35%

May 9, 2018

Bonanza Creek Energy, Inc. (ticker: BCEI) posted a net income of $13.9 million, or $0.68 per share for the first quarter of 2018. Last year, the company had a net loss of $94.3 million, or $(1.91) per diluted share – the net loss in Q1 2017 was driven by reorganization items of $89.0 million, Bonanza Creek said. Exceeding its original

Futures Curve with Severe Backwardation is Laughable: Papa

May 9, 2018

CDEV likes oil’s prospects and New Mexico well results Centennial Resource Development, Inc. (ticker: CDEV) reported a net income of $66.1 million, or $0.25 per share for Q1 2018. The company’s average daily net production was 54,069 BOEPD for the quarter. “We saw consistent well performance during the quarter, with the average well producing approximately 1,200 barrels of oil per

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