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 (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 …
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 (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 …
Chesapeake Energy Corporation (NYSE:CHK) reported financial and operational results for the 2018 second quarter.
Anadarko Petroleum Corporation (NYSE: APC) announced 2018 Q2 results, reporting net income of $29 million, or $0.05 per share (diluted). Net cash provided by operating activities in Q2 2018 was $1.23 billion.
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 rose by 3,803 MBBL last week to 408,740 MBBL from 404,937 MBBL. This is …
This is the final week for environmental activist groups 350.org and Colorado Rising to gather signatures for Colorado ballot initiative 97. …
May 2018 marked a noticeable increase in dry natural gas production in the …
Chesapeake Energy (ticker: CHK) announced a major divestiture last week, selling its Utica assets in a $2 billion transaction.
Chesapeake will sell all of its acreage in Ohio to privately-backed Encino Acquisition Partners …
Cabot Oil & Gas (NYSE: COG) announced Q2 results, showing net income of $42.4 million, or $0.09 per share.
Williams (NYSE: WMB) has announced its midstream entry into Colorado’s DJ Basin and the exit of Williams Partners L.P. (NYSE: WPZ) from the Four Corners Area in New Mexico and Colorado.
Williams and KKR & Co. (NYSE: …
Drilling activity increased slightly in the U.S. this week, as activity continues to shift mildly, according to the latest edition of Baker Hughes’ Weekly Rig Count. A net two rigs began drilling in the country, meaning …
BHP (ticker: BHP) has finally found a buyer for its U.S. shale assets, as the company today announced BP (ticker: BP) will purchase most onshore U.S. properties. BP will pay $10.5 billion for BHP’s …
Some of the most important routes for global oil trading are becoming uncertain, as tensions flare and security becomes shaky.
While pipelines are a major component of oil transportation within a country, they often …
QEP Resources (ticker: QEP) reported second quarter results today, showing a net loss of $336 million, or ($1.42) per share. This loss is due to a $404 million impairment QEP recorded on the …
Core Laboratories (NYSE: CLB) announced its Q2 earnings, which saw an 11% YOY increase in revenue and 22% YOY increase in operating income bringing earnings per diluted share to $0.57.
Core Labs saw operating margins up 190 basis points YOY …
EQT Corporation (NYSE: EQT) announced its Q2 earnings, which was highlighted by a massive jump in both net cash provided by operating activities and in adjusted operating cash flow. EQT also recapped major sales of assets made in Q2, along …
Calfrac Well Services Ltd. (TSX-CFW) has announced record 2Q revenue and operating income results today, showing $544.6 million and $66.5 million, respectively.
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 24 Bcf last week, increasing to 2,273 Bcf …
Hess (ticker: HES) reported second quarter results today, showing a net loss of $130 million, or $0.48 per share. This result significantly exceeds the $449 million loss Hess took in Q2 2017, primarily due to …
Superior Energy Services, Inc. (NYSE: SPN) announced a net loss for Q2 2018 of $25.4 million on revenue of $535.5 million, much improved from Q1’s loss of $59.9 million on revenue of $482.3 million.
Superior reports that most of this …
Dallas-based private equity fund Tailwater Capital announced today that the firm closed its third energy-based fund, the Tailwater Energy Fund III LP, at its hard-cap of $900 million. An additional …
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 6,147 MBBL last week to 404,937 MBBL from 411,084 MBBL. This is …
Gear Energy Ltd. (TSX: GXE) has entered into a definitive agreement for the acquisition by Gear of all of the issued and outstanding common shares of Steppe Resources Inc., a private oil and gas company. Steppe’s assets are focused in …
Hi-Crush Partners LP (ticker: HCLP) announced it will acquire privately held FB Industries Inc., a manufacturer and marketer of silo-based frac sand management systems. Total initial consideration is approximately $60 million, the company said in a news release. The transaction …
Oilfield service giant Halliburton Company (NYSE: HAL) reported Q2 income from continuing operations of $511 million, or $0.58 per diluted share.
This compares to reported income from continuing operations for the first quarter of 2018 of $46 million, or $0.05 …
Concho Resources Inc. (NYSE: CXO) announced that it has completed its acquisition of RSP Permian, Inc. (NYSE: RSPP), which now makes Concho the largest unconventional shale producer in the Permian Basin.
Under the terms of the merger, each share of …
ExxonMobil (ticker: XOM) and Hess Corporation (ticker: HES) announced today in separate news releases a significant increase in the estimate of the …
