Helmerich & Payne (stock ticker: HP) reported its Q4 & fiscal year end Results yesterday and held its earnings call today. President & CEO John Lindsay and CFO Mark Smith made comments regarding the merits of super-spec rigs, and rig counts going into the 2020 fiscal year. Lindsay said both subsidiaries are “growing activity as the industry continues to drill
All CapEx in 2018 and 2019 focused on Haynesville Goodrich Petroleum Corporation (ticker: GDP) had a net loss of $5.3 million in the first quarter of 2018, or $(0.47) per share. Capital expenditures totaled $21 million in the quarter, of which $20.6 million was spent on D&C and $0.4 million on other expenditures, Goodrich said. All of Q1’s total capital
Sanchez Energy Corporation (ticker: SN) reported a net loss of $4.8 million for the first quarter 2018, or $(0.30) per share attributable to common stockholders. The quarter included $24.4 million in non-cash mark-to-market losses related to hedging activities, Sanchez said. Production Sanchez had production of ~7.3 MMBOE, or 80,572 BOEPD in Q1 2018. According to Sanchez, the company’s first quarter
Newfield’s SCOOP/STACK operations pinned to future growth; Williston Basin infill projects look to deliver $100 million of free cash flow in 2018 Newfield Exploration Company (ticker: NFX) had record net production during Q1 2018, with SCOOP/STACK net production averaging 117,500 BOEPD. Newfield Chairman, President and CEO Lee Boothby said, “The Anadarko Basin is the asset that will fuel our growth
Super laterals made the difference: Eclipse had eight of Q4 2017’s top ten producing wells in Ohio – Hulburt Eclipse Resources Corporation (ticker: ECR) successfully drilled its longest Utica Dry Gas well to date. The Wiley D 8H had a total measured depth of approximately 30,130-feet and a lateral extension of approximately 19,335-feet in 20.5 days from spud to total
Antero spent $1.28 billion on drilling and completions in 2017, producing an average of 2,253 MMcfe/d Full-year and Q4 2017 spending Antero Resources (ticker: AR) spent $1.282 billion on drilling and completions in 2017. The company invested $204 million for land, excluding $176 million for proved property acquisitions, $346 million for gathering and compression systems and $195 million for water
Laredo Petroleum, Inc. (ticker: LPI) released several new reports today, including estimated annual production, year-end reserve estimates and the company’s projected 2018 CapEx. Year-end 2017 reserves and operating results highlights 17% increase in production in 2017 to a company record of 21.3 million barrels of oil equivalent (MMBOE) 36% organic growth in proved developed reserves, an increase of 50 MMBOE
Antero Resources Corporation (ticker: AR) reports record gas production; Chesapeake Energy Corporation (ticker: CHK) produces 30 MMcf/day with new Marcellus wells; Gulfport Energy Corporation (ticker: GPOR) leads with planned $1 billion CapEx Antero Resources Corporation (ticker: AR) Production and financial highlights Net daily gas equivalent production averaged a record 2,317 MMcfe/d, a 24% increase over the prior year quarter Record
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