250-275 gross wells expected to be on production in the Permian Basin in 2018 $2.6 billion 2018 Permian-focused CapEx Pioneer Natural Resources (ticker: PXD) placed 64 horizontal wells on production in the fourth quarter of 2017. In the Permian, 43 wells were in the northern area and 21 wells were in the southern Wolfcamp joint venture area. For the full
Weatherford International plc (ticker: WFT) reported a net loss of $1.94 billion, or a loss of ($1.95) per share for the fourth quarter of 2017. Non-GAAP net loss for the fourth quarter of 2017, excluding charges and credits, was $329 million, or ($0.33) diluted loss per share. Revenue in the fourth quarter of 2017 was $1.49 billion, which increased 2% from revenue of $1.46 billion for the third quarter
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
Gastar Exploration Inc. (ticker: GST) will divest its interest in the West Edmund Hunton Lime Unit (WEHLU) for $107.5 million. The transaction is expected to close on or before February 28, 2018, with a property sale effective date of October 1, 2017. Gastar received a deposit of 10% of the purchase price on January 25, 2018. WEHLU is primarily located
Hess Corporation (ticker: HES) is a leading global independent energy company engaged in the global exploration and production of crude oil and natural gas. The company is currently shedding assets in 2013 to become a pure-play E&P company. Hess Corporation announced it is entering into a $1.025 billion, or $2.50 per Hess share, agreement with Direct Energy, a North American
Enerplus (ticker: ERF) is an independent exploration and production company with a concentrated portfolio of oil and natural gas assets both in Canada and the United States. The company’s operations include high growth opportunities in the Bakken/Three Forks, as well as stable, low decline crude oil production from a variety of crude oil waterflood properties across Western Canada. The company’s
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