Eagle Ford – Page 5 – Oil & Gas 360

WildHorse Resource Development Reports Strong Q2 Margins As Eagle Ford Pure Play

August 9, 2018

WildHorse is Presenting Tuesday, August 21st at the EnerCom Conference WildHorse Resource Development Corporation (NYSE: WRD) reported on operating and financial results for the three months ended June 30, 2018. Some of the operational highlights from its second quarter 2018 included an Increased average daily production by 107% to 46.7 MBOEPD compared to 22.6 MBOEPD for the second quarter 2017,

Heard on the Call: SM Energy Building Permian Momentum with Merlin-Maximus

August 6, 2018

SM Energy Recently held its Q2 Earnings Call. Selected excerpts from the call are below. Q: As we look at CapEx coming down a little bit in the fourth quarter and a large pad looking to start up sometime during the first quarter, realizing that can move around, what’s the thoughts around the potential for fairly lumpy growth as you

Chesapeake: PRB is the New Growth Engine

August 1, 2018

Chesapeake Energy Corporation (NYSE:CHK) reported financial and operational results for the 2018 second quarter. Highlights Net loss available to common stockholders of $40 million, or $(0.04) per diluted share Adjusted net income attributable to Chesapeake of $139 million, or $0.15 per diluted share Average production of approximately 530 MBOEPD up 8% YOY Average oil production of approximately 90 MBOEPD, up

The U.S. Geological Survey has confirmed that four low-magnitude earthquakes have taken place over the past two weeks in the Eagle Ford Shale of South Texas. Oil & Gas 360

USGS Now Estimates 8.5 Billion Barrels of Oil, 66 Tcf of NatGas in the Eagle Ford

June 26, 2018

Also 1.9 billion barrels of natural gas liquids The United States Geological Survey has released a new assessment upping its estimate of the volumes of hydrocarbons in the Eagle Ford Group of Texas. The USGS said the formation contains an estimated means of 8.5 billion barrels of oil, 66 trillion cubic feet of natural gas, and 1.9 billion barrels of

First Reserve to Sell Eagle Ford Acreage to Venado Oil & Gas

June 4, 2018

Private equity firm First Reserve is selling approximately 23,000 net Eagle Ford acres held by Texas American Resources to an affiliate of Venado Oil & Gas LLC. Texas American Resources Company has focused on operating and exploiting multiple formations including the Austin Chalk, Eagle Ford, Buda, San Miguel and Olmos. Concurrent with the closing of First Reserve’s original investment, Texas

CEO Says It’s Getting Tough for Smaller Drillers

May 30, 2018

From the San Antonio Express-News Pipeline bottlenecks in the Permian Basin are hurting prices for cash-strapped producers Bob Watson said his company is in the process of selling its Eagle Ford land, which totals more than 14,000 acres, according to a March filing with the Securities and Exchange Commission. Watson spoke Tuesday at an Association for Corporate Growth Central Texas event

Lonestar Resources Hits 10 MBOEPD in April, Increases Full Year Guidance

May 14, 2018

Texas-based E&P Lonestar Resources US Inc. (ticker: LONE) reported a net loss attributable to its common stockholders of $18.5 million, or ($0.75) per share in Q1 2018. The company produced 7,777 BOEPD on average in the quarter. CEO Frank D. Bracken, III, said, “In the first quarter, production increased by 48% and realized prices after hedging rose 24%, resulting in

SM Energy Expects to Produce up to 44.9 Million BOE in 2018

April 18, 2018

100% year-over-year growth in Midland Basin production; realized price is SM’s highest level in 14 quarters: $37.76/BOE average Midland Basin operations up to nine rigs and five completions crews; SM expects to double completions in Q2 The Midland Basin produced strong results for Texas-focused SM Energy Company (ticker: SM) in the first quarter of 2018. In a brief update, the

What’s Worth More to the State of Texas—Land or Oil?

SM Energy Divestment of $792 Million Non-Core Assets Will Drive 30% Debt Reduction

April 4, 2018

Out of the Williston Midland- and Eagle Ford-focused SM Energy Company (ticker: SM) sold its remaining assets in the Williston Basin and third-party operated assets in Upton County, Texas. The combined sale generated $292.3 million, but the buyers have not been disclosed. President and CEO Jay Ottoson said, “We are committed to our strategy to focus on development of our

Closed and Closed: WildHorse, WPX Divest Assets

April 2, 2018

WPX Energy (ticker: WPX) has closed the San Juan Basin oil play sale to Enduring Resources IV, LLC for $700 million. A significant portion of the proceeds are slated for debt reduction, WPX said, and the company now believes it can reduce its net debt/EBITDAX to a target level of 1.5x during 2019. The transaction completes WPX’s exit from operations

Oil & Gas 360 - ConocoPhillips ups drilling program in Eagle Ford - Oil & Gas 360

Contango Sells Eagle Ford Assets

April 2, 2018

Contango Announces Sale of Certain Non-Core Assets

Penn Virginia names Director - Oil & Gas 360

Venado and KKR Add Another Cog for $765 Million

March 20, 2018

Venado Oil and Gas, LLC and KKR will acquire the operated and non-operated Eagle Ford assets of Cabot Oil & Gas Corporation (ticker: COG) for a purchase price of $765 million. Venado and KKR acquired interests which include approximately 303 gross/203 net wells and 74,400 net acres situated primarily in the Eagle Ford oil window of South Texas (Atascosa, Frio

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