During its second quarter, Superior Drilling Products (ticker: SDPI) reported revenue of $4.0 million, up from $2.9 million in the previous year’s Q2. The company’s net income was $0.3 million for Q2, up $3.4 million from a Q2, 2016 loss. The company’s Drill-N-Ream®—or DnR—technology increased in sales and the company said that its channel partner successfully achieved its June 2017
Two companies, Eco-Stim Energy Solutions and Bellatrix Exploration, that are presenting at EnerCom’s The Oil & Gas Conference® have announced Q2 earnings and updates. Eco-Stim Energy Solutions Eco-Stim Energy Solutions (ticker: ESES) announced during its Q2 earnings call that is had increased its revenue by 233% over Q1, 2017 to $8.5 million. The company signed a second contract for services in
Four presenters at EnerCom’s 22nd The Oil & Gas Conference® announced earnings and operational updates for Q2. Northern Oil and Gas Northern Oil and Gas (ticker: NOG) said that its average production had grown 4% from the first quarter to the second, up to 13,794 BOEPD. The company produced a total of 1,255,280 BOE over the course of the quarter.
Cimarex Energy (ticker: XEC) announced net income of $97.3 million during its second quarter conference call today—a significant turnaround from its Q2, 2016 loss of $214.4 million. The company produced near the high end of its expected Q2 guidance, with an average of 1.156 Bcfe per day—or approximately 192.7 MBOE per day. The company’s production climbed nine percent over its
Oil & Gas Conference® presenters Lonestar, Resolute, Carrizo, Black Stone, Denbury report a busy quarter Lonestar Resources During its second quarter, Lonestar Resources (ticker: LONE) indicated that its production had risen by 7% above Q1 volumes. The company averaged Q2 production of 5,635 BOEPD—over its 5,266 BOEPD in Q1. In mid-June, Lonestar closed on an approximately $110.6 million acquisition of
Three companies that will be presenting at EnerCom’s 22nd The Oil & Gas Conference® have reported financial and operational updates for the second quarter of 2017. Gastar Exploration Gastar Exploration (ticker: GST) indicated today that it averaged 6,100 BOEPD in production—a number that exceeded its guidance for the quarter. Liquids made up 73% of total production. The company’s president and
EOG Resources (ticker: EOG) had a Q2 net income of $23.1 million. A year ago, during the same quarter of 2016, the company reported a net loss of $292.6 million. EOG’s oil production grew to 334,700 BOPD during Q2, a 25% improvement from the previous quarter. In its Delaware basin assets, EOG completed 25 wells in the Wolfcamp, 19 wells
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