Encana Corporation (ticker: ECA) opened 2018 with Q1 net earnings of $151 million. This compares to Q1 2017’s net earnings of $431 million. Cash generated from operating activities reached $381 million, which compares to $106 million in Q1 2017. Encana’s first quarter production totaled 324,400 BOEPD, of which the company’s core assets contributed 307,500 BOEPD. Total liquids production grew by
Outrigger Energy II Enters the DJ Basin with Comprehensive Midstream System
PetroShale Announces Significant Production Increase and Core Area Property Acquisition
DJ Basin focused PetroShare Corp. (ticker: PRHR) reported yearend proved reserves of approximately 7.9 MMBOE, a 25% increase over 2016 yearend proved reserves. The PV-10 value was about $59 million and the volume of the proved reserves is split 67% for oil/condensate and NGLs, and 33% for natural gas. President Frederick J. Witsell commented, “Our growth in proved reserves is
Starting tomorrow you can call it HighPoint Resources Bill Barrett Corporation (NYSE: BBG) has completed its strategic combination with Fifth Creek Energy Company, LLC. The merger between Bill Barrett and privately held Fifth Creek Energy closed March 19, 2018. In conjunction with the merger’s closing, the oil and gas industry can flip the switch from an iconic name with a long history in
Colorado-based Bill Barrett Corporation (ticker: BBG) reported Q4 and year-end results today. For the fourth quarter of 2017, the company reported a net loss of $77.8 million, or $(0.94) per diluted share. For 2017 as a whole, the company reported a net loss of $138.2 million, or $(1.80) per diluted share. BBG entered 2018 with $314 million of cash and
Whiting Petroleum (ticker: WLL) has a 2018 capital budget of $750 million, of which $600 million will be invested in Williston Basin operations. The capital budget forecasts a production growth of 9% from Q4 2017 to Q4 2018, with an estimated average annual production of 128,400 BOEPD. In the Williston Basin alone, production is forecasted to grow 14% from Q4
Anadarko Petroleum Corporation (ticker: APC) reported fourth quarter of 2017 net income attributable to common stockholders of $976 million, or $1.80 per share (diluted). Net cash provided by operating activities in the fourth quarter of 2017 was $1.4 billion. For the year ended December 31, 2017, Anadarko reported a net loss attributable to common stockholders of $456 million, or ($0.85)
BBG adds second rig in the DJ – company likely to exit Utah, put the capital into the DJ: Crawford Bill Barrett Corporation (ticker: BBG) reported production at the high end of its initial Q2 guidance—with cumulative volumes of 1.53 MMBOE for the second quarter. The company’s anticipated production was between 1.45 and 1.55 MMBOE. The company indicated that it
With its second quarter reporting, Anadarko Petroleum Corp. (ticker: APC) reported an average production of 631,000 BOEPD and said it reduced its investments by $300 million for the year. In its Delaware basin assets, Anadarko’s oil production averaged 33,000 BOPD—a 52% increase from its Q2 production in 2016. The company’s 2017 guidance was revised down from 235 to 239 MMBOE
Bill Barrett Corporation (ticker: BBG) has built a core position in the Northeast Wattenberg field in Colorado’s Denver-Julesberg (DJ) Basin, where it holds 71,900 net acres. The company also has producing acreage within the Uinta Basin in Utah, numbering approximately 24,000 acres. Debt load 1/3 of what it once was Bill Barrett Corporation has steadily reduced net debt levels to
DJ basin operator Nighthawk Energy (ticker: HAWK) updated its operations, year-end reserves and cash position on Wednesday. Year-end Reserves Nighthawk has finalized its year-end reserve report and has received the audited Proved Developed Producing reserve report from the Company’s independent reserve engineering firm, Ryder Scott Company LP under SPE standards. The reserves were estimated using current production, anticipated decline curves,
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