Energen Corporation (ticker: EGN) released financial and operating results for the fourth quarter and calendar year ended December 31, 2017. “Over the last five years, the board and management have strategically divested non-core assets and transformed Energen into a low-cost Permian pure-pay with a strong foundation for profitable growth,” said CEO James McManus. “We begin 2018 with a portfolio of
Core Lab (ticker: CLB) and Fracture ID, two companies coming to EnerCom’s The Oil and Gas Conference® in August, have worked together to launch the Horizontal Reservoir Characterization Consortium—Midland Basin. The idea is to evaluate geologic heterogeneity within the entire basin, and how it impacts well production. The consortium of operators will use Fracture ID’s Drillbit Geomechanics™ technology to collect
Capitalizing on the Midland acquisition Midland-Eagle Ford-Bakken producer Earthstone Energy (ticker: ESTE) isn’t slowing down. With 66.1 MMBOE in reported proven reserves and 9,515 BOEPD average production in 2017, Earthstone is moving forward on a growth plan that’s being fueled by five Permian wells in progress as of May. Earthstone completed a business combination with Bold Energy III LLC in
Parsley has full borrowing capacity available for Permian development Permian driller Parsley Energy (ticker: PE) said it has amended its revolving credit agreement, increasing the borrowing base by 60% to $1.4 billion, with a company-elected commitment amount of $1.0 billion. The amendment also adds five new lenders under the credit agreement: Canadian Imperial Bank of Commerce, New York Branch; Capital One, National Association; Citibank, N.A.; PNC Bank, National
It’s small when you compare it to the top ten largest U.S. refineries, most located on the Gulf coast, all having capacities between 300,000 barrels and half a million barrels per day, but a small Texas-based energy company has announced its intention to build a 50,000-barrels per day crude oil refinery in a well-selected location: in the heart of the Permian
Parsley plans to complete 120-140 gross operated horizontal wells in 2017, company targets 60% annual production growth in 2017 Parsley Energy, Inc. (ticker: PE) has entered into unrelated transactions for undeveloped acreage and producing oil and gas properties adjacent to its existing operating areas in the Midland and Southern Delaware Basins. The company said it acquired the properties for an aggregate purchase
Overall, 29% of all rigs in the United States are running in the Permian Infrastructure constraints. Spot prices trading at a considerable discount to Cushing. Questions about the longevity of the oil boom. E&Ps hear all the concerns in the Permian Basin. These “concerns,” however, are not enough to discourage producers from dialing up production in the United State’s largest
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
