Oil and Gas 360 Articles

Heard on The Call: Bonanza Creek Energy

Heard on The Call: Bonanza Creek Energy

Heard on The Call: Bonanza Creek Energy

Bonanza Creek Energy is presenting at the EnerCom Conference on Wednesday, August 22nd in Denver.

Bonanza Creek Energy Inc. reported Q2 results today and elaborated on its DJ Basin operations during the …

Courtesy of Extraction Oil & Gas, Inc.

Heard on The Call: Extraction Oil & Gas Inc.

Extraction Oil & Gas Inc. (NASDAQ: XOG) discusses Q2 2018 Earnings, Operation updates, and thoughts on Initiative 97. Excerpts from the earnings call are below:

Q: Could you guys provide your thoughts on Initiative 97 in the news stream from …

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

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

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 …

Weekly Gas Storage: Standard Build

Weekly Gas Storage: Standard Build

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.

In total, the EIA reports natural gas stocks rose by 46 Bcf last week, increasing to 2,354 Bcf …

Pioneer Has No Exposure to Midland Oil Pricing Through 2020

Pioneer Has No Exposure to Midland Oil Pricing Through 2020

Pioneer will be pure-play Permian by end of year

Pioneer Natural Resources (ticker: PXD) reported second quarter results today, showing net income of $66 million, or $0.38 per share. After adjusting for derivative losses and other special charges, Pioneer earned …

Razor’s WTI Torque High as Small Price Increase Brings Large Earnings Jump

Razor’s WTI Torque High as Small Price Increase Brings Large Earnings Jump

Razor Energy (ticker: RZE) announced second quarter results last week, showing net income of $2.5 million, or $0.16 per share. This result is a significant improvement over both Q2 2017 and Q1 2018, when the company reported a loss of …

Bonanza Creek Divests Cotton Valley Assets, Becomes Wattenberg Pure Play

Bonanza Creek Divests Cotton Valley Assets, Becomes Wattenberg Pure Play

Bonanza Creek Energy (NYSE: BCEI) sold its Mid-Continent assets this week to an undisclosed buyer for $117 million in cash, based on a February 1, 2018 effective date, the company reported.

The divested operations include approximately 11,000 net acres located …

Weekly Oil Storage: Small Draw

Weekly Oil Storage: Small Draw

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week.

Crude oil stocks fell by 1,351 MBBL last week to 407,389 MBBL from 408,740 MBBL. This is …

Heard On The Call: Carrizo Oil & Gas Inc.

Heard On The Call: Carrizo Oil & Gas Inc.

Carrizo Oil & Gas Inc. (NASDAQ: CRZO) elaborates on current operations and Q2 earnings. The Excerpts from the Q2 Call are below.

Q: Eagle Ford continues to look like you’re having really nice success there. Can you just talk about …

Heard on The Call: Oasis Petroleum Inc.

Heard on The Call: Oasis Petroleum Inc.

Oasis Petroleum Inc. (NYSE:OAS) discusses earnings and operation updates on the 2018 Q2 earnings call. Excerpts and details from the call are below.

Q: On the increase in the expected Delaware Q4 production rate, can you just talk more about …

Heard On The Call: Centennial Resource Development & Earthstone Energy Inc.

Heard On The Call: Centennial Resource Development & Earthstone Energy Inc.

Heard On The Call: Centennial Resource Development

Centennial Resource Development (NASDAQ: CDEV) elaborates on pure play in the Delaware and Permian Basins. Excerpts from the Q2 Earnings call are below.

 Q: Could give some more thoughts on the gas situation …

EIA Releases STEO

EIA Releases STEO

The EIA today released data on the main energy producing industries in the U.S, and its predictions for 2019.

Commodities pricing

In July 2018, Brent crude oil spot prices averaged $74 per barrel (b), which is largely unchanged from the …

Heard On The Call: Gran Tierra Energy On New Well Performance

Heard On The Call: Gran Tierra Energy On New Well Performance

Gran Tierra Energy reported its Q2 earnings and held a conference call covering current well activity and production. Excerpts from the Q2 earnings call are below:

Q : I’ll start with production. I’d like to drill you a bit more …

Heard on the Call: Concho Resources, Noble Energy, Southwestern Energy

Heard on the Call: Concho Resources, Noble Energy, Southwestern Energy

Concho Resources (ticker: CXO) now running 32 rigs

Q: When I’m looking at the various kind of sizes of the projects, anywhere from kind of 5-well pads to 20-well pads. And you all do mention in the slides that, for …

WPX Energy, Delaware basin. Three drilling rigs on multi-well pads. L to R: Orion Drilling, Pegasus on the CBR 22-10H, Aries on the CBR 22-14H.

WPX Oil Ramping Up Fast

Oil output comes in 5 MBOPD above expectations

WPX Energy (ticker: WPX) announced second quarter results last week, showing a net loss of $83 million, or ($0.21) per share.

WPX produced 125 MBOEPD in Q2, continuing the company’s recent pro …

Heard On The Call: Eclipse Resources Details New Wells

Heard On The Call: Eclipse Resources Details New Wells

Eclipse Resources (NYSE: ECR) had its Q2 conference call last week. Excerpts from the Q&A are below.

Q: I had a couple of questions on the Marcellus side, just seems like there’s a superior IRR case here now with …

Kosmos Energy Dives Into Gulf of Mexico with $1.225 Billion Acquisition of Deep Gulf Energy

Kosmos Energy Dives Into Gulf of Mexico with $1.225 Billion Acquisition of Deep Gulf Energy

Kosmos Energy (NYSE: KOS) said it will acquire privately held Deep Gulf Energy, a deep-water company operating in the Gulf of Mexico from First Reserve and other shareholders for a total consideration of $1.225 billion.

This transaction will add approximately …

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

Colorado Fair Compensation for Takings Amendment Initiative Goes to the Secretary of State

On Friday Colorado Secretary of State Wayne Williams reported that the proponents of the private property rights measure – Initiative 108 – had turned the collected signatures over to the Secretary of State.

The Secretary of State’s office now has …

Rig Count Dips

Rig Count Dips

Operations reaching equilibrium near 1,050 rigs

Drilling activity fell in the U.S. this week, as rig counts continue to meander near 1,050 total rigs, according to Baker Hughes Weekly Rig Count.

A net four rigs shut down this week, leaving …

Energy Transfer on Trend: Consolidates MLP

Energy Transfer on Trend: Consolidates MLP

Energy Transfer Equity, L.P. (NYSE: ETE) and Energy Transfer Partners, L.P. (NYSE: ETP) announced that an agreement upon the merger of ETP with ETE in a unit-for-unit exchange. In connection with the transaction, ETE’s incentive distribution rights (IDRs) in ETP …

TPG Pace Energy Holdings Closes $2.6 Billion Merger

TPG Pace Energy Holdings Closes $2.6 Billion Merger

Steve Chazen up and running in the Eagle Ford, Austin Chalk

Steve Chazen’s newly formed company, Magnolia Oil & Gas, is up and running, its stock trading on the NYSE under ticker MSY.

Magnolia came out of TPG Pace Energy …

Heard On The Call: Nabors Industries Q2

Heard On The Call: Nabors Industries Q2

Nabors Industries (NYSE: NBR) held its Q2 conference call today; excerpts from the Q & A are below:

Q: Tony, you mentioned that your latest survey has another 30 to 40 rigs being added to the rest of this year. …

Heard on the Call: Chesapeake Energy, Anadarko Petroleum

Heard on the Call: Chesapeake Energy, Anadarko Petroleum

During the Q2 conference calls this week, some enlightening comments were made by oil and gas company CEOs.

Chesapeake Energy (NYSE:CHK) CEO Doug Lawler examines 2019 goals

Q: Can you talk about 2019 and what the broad parameters of …

Courtesy of RSP Permian

Heard on the Call: Devon Energy Q2

Devon Energy (NYSE: DVN) and reported Q2 earnings and talked about operations, acquisitions, and returning value to the shareholders.

Q: On Showboat. You did obviously mention there were some I guess a bit stronger declines. Was that related to …

Heard on the Call: Whiting Petroleum

Heard on the Call: Whiting Petroleum

Whiting Petroleum (NYSE: WLL) reported Q2 earnings and talked about operations, acquisitions, and returning value to the shareholders. Excerpts from the company’s Q2 call is included below.

Q: Looking at that slide 7, it shows entire position there now …

Heard on the Call: Encana – Eagle Ford Margin Beats Permian

Heard on the Call: Encana – Eagle Ford Margin Beats Permian

Encana (NYSE: ECA) reported Q2 earnings and hosted its conference call, including comments about improved differentials of the Eagle Ford in comparison to the Permian. Excerpts from Encana’s Q2 earnings call are below:

Q: You mentioned that at today’s …

ConocoPhillips Parts with Barnett Shale for $230 million

ConocoPhillips Parts with Barnett Shale for $230 million

ConocoPhillips (NYSE: COP) announced it has entered into an agreement to sell its interests in the Barnett shale play to Lime Rock Resources for approximately $230 million.

Production associated with the Barnett assets for the first half of 2018 averaged …

Weekly Gas Storage: Slow Build

Weekly Gas Storage: Slow Build

The EIA released its weekly Natural Gas Storage Report today, outlining how national natural gas stocks have changed in the last week.

In total, the EIA reports natural gas stocks rose by 35 Bcf last week, increasing to 2,308 Bcf …

Encana Doubles Cash from Operating Activities YOY

Encana Doubles Cash from Operating Activities YOY

Permian now producing 90 MBOEPD

Encana (NYSE: ECA) reported its Q2 results and more than doubled its cash from operating activities YOY and is on track to grow annual production by more than 30%. The company expects to generate free …

Courtesy of Chesapeake

Chesapeake: PRB is the New Growth Engine

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