CAPEX – Page 6 – Oil & Gas 360

Stone Energy: Production, Reserves and CapEx Update

February 5, 2018

Stone Energy Corporation (ticker: SGY) estimates that its 2018 capital expenditure budget will reach up to $212 million. The budget allocates 36% to exploration, 27% to development and 37% to P&A expenditures. Interim CEO and President James M. Trimble said, “We exited 2017 with solid operational results and a strong financial position, and with several prospective near-term, deep water drilling opportunities. We

Sanchez Energy Grows Proved Reserves by 88%, Sets Production Record

February 1, 2018

Sanchez Energy Corporation (ticker: SN) released year-end 2017 proved reserves and operating results for the fourth quarter and full year 2017. Highlights Proved reserves increased by 88% during the year to approximately 363 MMBoe, with a reserve replacement ratio of roughly 762% in 2017 Fourth quarter 2017 production of nearly 7.5 MMBoe, or 81,977 BOEPD The company’s production mix during

Shell Earned $4.3 Billion for Q4, $15.8 Billion for 2017

February 1, 2018

Royal Dutch Shell (ticker: RDS.A) CEO Ben van Beurden had some things to celebrate in his company’s year-end reporting today. “We were able to deliver $39 billion of cash flow from operations excluding working capital movements from our upgraded portfolio. We strengthened our financial framework during the year through an $8 billion reduction in our net debt…,” the CEO said

Parsley Energy Keeps the Green Coming

January 30, 2018

FY2017 CapEx of $1.2 billion: 40 wells to be placed on production each quarter in 2018 Parsley Energy, Inc. (ticker: PE) has released certain full-year 2017 results and an operational update for its Wolfcamp C delineation program. Q4 and FY2017 results Parsley expects full-year 2017 net production of 68 MBOEPD, up 78% relative to full-year 2016 net production. Additionally, Parsley

Gulfport Energy’s ~$800 Million CapEx to Fall Within Cash Flow

January 30, 2018

Gulfport Energy Corporation (ticker: GPOR) has announced that: 2018 CapEx budget will be funded within cash flow, $100 million outstanding common stock will be repurchased this year, 2018 operational outlook forecasts 1,250 MMcfe/d 2018 CapEx and production guidance The 2018 budget includes approximately $630-$685 million for D&C activities and approximately $140-$150 million for non-D&C activities, including midstream capital expenditures associated

Spartan Energy Announces $183 Million 2018 CapEx

January 11, 2018

Spartan Energy Corp. (ticker: SPE) has approved a development capital budget of $183 million for 2018. Spartan said the capital budget includes drilling approximately 140 net development oil wells. The wells should produce an annual average production of 23,400 BOEPD and a 2018 exit production of 25,000 BOEPD, an exit production growth of 11% over 2017. Assuming a WTI price

Crescent Point Energy Looks to Exit 2018 with 195,000 BOEPD

January 10, 2018

Uinta HZ inventory climbs to 850 net locations Crescent Point Energy Corp. (ticker: CPG) expects to generate annual average production of 183,500 BOEPD and exit production of 195,000 BOEPD in 2018. The increase will be fueled from its $1.8 billion CapEx spending budget for 2018. Crescent Point had a 2017 exit rate of 183,000 BOEPD, which represented year-over-year production growth

Encana Will Point CapEx toward Permian and Montney in 2018

January 9, 2018

Encana plans to invest virtually all its anticipated 2018 capital in its core assets, with around 70% directed to the Permian and Montney Encana Corp. (ticker: ECA) anticipates between 25% to 35% production growth from its core assets from the fourth quarter of 2017 to the fourth quarter of 2018, with significant oil and condensate growth in the second half

Colorado: Weld County Just Created its Own Oil & Gas Department Oil & Gas 360

PDC Energy Earmarks $920 Million CapEx Budget for 2018

December 12, 2017

PDC Energy, Inc. (ticker: PDCE) announced today its 2018 capital investment budget and production forecast. 2018 budget highlights: Year-over-year production growth of approximately 25 percent to an estimated 38 to 42 million barrels of oil equivalent (MMBoe) Oil production to account for approximately 42 percent of total production, representing a year-over-year oil volume increase of approximately 30 percent Year-over-year Delaware

Phillips 66 Announces CapEx Budget for 2018

December 11, 2017

Phillips 66 (ticker: PSX) recently announced its 2018 capital budget of $2.3 billion, which includes $1.4 billion of growth capital and $0.9 billion of sustaining capital. In midstream, the company plans to invest $1.2 billion, including $1 billion of growth capital in its natural gas liquids and transportation businesses. Phillips 66 said that the Beaumont Terminal is still undergoing expansion

Ensign Energy Releases 2018 CapEx Budget, Brings on New Board Member

December 8, 2017

Ensign Energy Services Inc. (ticker: ESI) announced a CapEx of $64 million, comprised of $43 million for capital maintenance on the fleet and $21 million for equipment and optimization upgrades to the current fleet. Ensign said that the capital plan focuses on the continuation of appropriate certification and preventative maintenance of its high spec fleet, in addition to the selective

Chevron Corporation (CVX) Releases 2018 CapEx Budget and a $1 Million Donation

December 7, 2017

U.S. Upstream getting $6.6 billion; international upstream $9.2 billion $5.5 billion for the company’s share of expenditures by affiliated companies $2.2 billion of planned capital spending is associated with the company’s downstream businesses that refine, market and transport fuels, and manufacture and distribute lubricants, additives and petrochemicals $1 million was donated to the Oakland-based BASIC Fund (details below) “Our 2018

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