According to an SEC 8-K form filed December 7, 2017, the board of directors at Whiting Petroleum Corporation have “concluded that a material charge for impairment to one of its assets was required under generally accepted accounting principles applicable to the company.” The asset in question is the company’s Redtail field in the DJ Basin. The company expects to record
Samson Oil & Gas lowers differential from $8.00 per barrel to $5.50-$6.50 Samson Oil & Gas (ticker: SSN) announced its quarterly results for the first quarter of 2017 indicating that the company is seeing stronger pricing for its Williston Basin production. Samson reported that production averaged 722 BOEPD during the quarter ended March 31, 2017. According to the company’s press
Whiting Petroleum stays on target with capex budget while exceeding production forecast Denver-based Whiting Petroleum (ticker: WLL) announced its fourth quarter and year-end numbers today. The Williston-focused company reported that average production for the fourth quarter averaged 118.9 MBOEPD, above the company’s high end for guidance of 117.4 MBOEPD, which also translated into higher than expected cash from operations. Whiting
SM Energy closes $765.8 million Williston Basin divestiture SM Energy (ticker: SM) announced Thursday after market close that the company has completed its previously announced divestiture of its Williston Basin assets located outside of Divide County, North Dakota to Oasis Petroleum (ticker: OAS). Net cash proceeds from the deal amount to $765.8 million, according to the company’s press release. Third
Samson Oil & Gas: debt reduction, higher borrowing base Following the closing of the company’s North Stockyard asset sale, Samson Oil & Gas Limited’s (ticker: SSN) outstanding debt has been reduced to $19 million and Mutual of Omaha Bank has increased the company’s borrowing base to $20 million. Samson expects the Bank to further increase its borrowing base in the
SM Energy adds 35,700 acres in the Midland for $1.6 billion SM Energy Company (ticker: SM) announced Tuesday that it has entered into a definitive purchase agreement to acquire 35,700 net acres in Howard and Martin Counties in West Texas, expanding the company’s Midland Basin footprint to approximately 82,450 net acres. The acquired acreage complements, and is partially contiguous to,
Whiting plans to exit 2016 with 30 DUC wells, as opposed to 74 Last week, Whiting Petroleum (ticker: WLL) announced that it entered into a wellbore participation agreement that will increase the number of completions on the company’s Williston acreage. WLL’s private partner will assume 65% of the drilling and completion costs in 44 gross Williston Basin wells to be
Samson Aims to Return 29 Inactive Wells to Producing Status On April 3, Samson Oil & Gas Limited (ticker: SSN; SamsonOilandGas.com) announced it had closed its planned acquisition of oil and gas assets in Montana and North Dakota—the Foreman Butte acquisition. Acquired Asset Highlights 721 bopd net production (11/01) 100 Operated wells 50 Non-Operated wells 7MMBO in net proved reserves
“Whiting’s Wildcatters: Micro Scale, Macro Vision” – An Oil & Gas 360® Exclusive Video Report Whiting Petroleum Corporation’s (ticker: WLL) geoscience team has taken a macro-approach by taking a microscopic view of the way oil flows through the rocks in the Bakken-Three Forks oil play. The new knowledge that Whiting’s geoscientists are gaining from a large scale, high-tech project in its core lab
“Whiting’s Wildcatters: Micro Scale, Macro Vision” – An Oil & Gas 360® Exclusive Video Report It’s a tough market for the oil companies, but Whiting Petroleum Corporation (ticker: WLL) has figured something out. While oil and gas companies across the planet are battling a commodities price environment in which a barrel of oil fetches 70% less than it did 18 months
Samson Oil & Gas (ticker: SSN) has nearly doubled its output overnight, announcing a $16.5 million acquisition on January 6, 2016. The properties currently produce 720 BOPD from 41 net producing wells and contain proved reserves of 8.5 MMBO as of October 1, according to estimates from Netherland, Sewell & Associates. On a cash comparison, SSN is paying $22,916 for
30-Day Rates on New Pads Exceeding 1,000 BOEPD Oil and gas companies are focusing on efficiencies more than ever before, and Whiting Petroleum Corporation (ticker: WLL) continues to progress on its industry-leading acreage in the Williston Basin. Enhanced completions led to a quarter-over-quarter productivity increase of 44% in the Bakken/Three Forks play, the company said in its Q3’15 earnings release.
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.
