Peru-focused E&P Sterling Resources Ltd. (ticker: SLG) has advanced the 2018 capital program at the Bretana field in Northeast Peru. Last December, the company acquired 100% working interest in the field. At the …
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 1,401 MBBL last week to 432,354 MBBL, from 433,758 MBBL. This is …
North Dakota’s State Industrial Commission has released new production stats for the month of March 2018.
Oil production reached 36,024,209 barrels in March, or 1,162,071 BPD (preliminary). The report said that 95% (1,106,836 BPD) of production …
EnerCom has released the latest Effective Rig Count, examining the state of drilling activity in major shale basins.
The EERC rose in April, reaching 2,826 rigs. This indicates it …
Rosehill Resources Inc. (ticker: ROSE) reported a net loss attributable to Rosehill of $1.3 million, or $(0.22) per share. Rosehill said this loss included an $18.2 million non-cash, pre-tax loss on commodity …
Goodrich Petroleum Corporation (ticker: GDP) had a net loss of $5.3 million in the first quarter of 2018, or $(0.47) per share. Capital expenditures totaled $21 million in the quarter, of …
Gulfport Energy Corporation (ticker: GPOR) provided an update on two notable SCOOP well results.
During its initial 30 days of production, the Lilly 3-15X10H cumulatively produced 395.5 MMcf …
Russian giant Rosneft Oil Company (ticker: ROSN) reported a Q1 2018 net income of USD$1.5 billion (RUB$81 billion) with a spending budget of $3.9 billion (RUB$223 billion).
The company produced 5.71 MMBOE in Q1 2018. …
OPEC released this month’s Monthly Oil Market Report, outlining the cartel’s assessment of the state of the international oil industry.
Total OPEC production rose slightly this month, though most countries reported only minor …
Texas-based E&P Lonestar Resources US Inc. (ticker: LONE) reported a net loss attributable to its common stockholders of $18.5 million, or ($0.75) per share in Q1 2018. The company produced 7,777 BOEPD on average in the quarter.
CEO Frank D. …
Alta Mesa Resources, Inc. (ticker: AMR) produced 24,000 BOEPD in Q1 2018 and exited the quarter with average net production of 25,800 BOEPD in March. Overall, total production for the first quarter of 2018 was 2,162 MBOE. According to Alta …
The growth in drilling activity in the U.S. accelerated this week, with the largest increase in 11 weeks according to Baker Hughes’ Weekly Rig Count.
A net 13 new rigs came online this week, meaning there …
Jagged Peak (ticker: JAG) announced first quarter results today, showing a net loss of $39.4 million, or $(0.18) per common share.
Jagged Peak has come a long way since going public in early 2017, with …
Energy XXI Gulf Coast (ticker: EGC) announced a unique deal today, divesting much of the company’s non-core assets to privately held Orinoco Natural Resources.
The properties eliminated are currently producing about 3 …
In the context of the total business sector, the global private equity industry raised a record $453 billion from investors in 2017, leaving it with more than $1 trillion to pour into companies and new business ventures, Reuters reported at …
In a moment sprinkled with some irony, on Thursday West Texas Intermediate oil prices almost returned to a price not seen since the infamous “Thanksgiving surprise” in 2014.
WTI reached $71.89 in intraday trading, and closed up $0.23 at $71.37/bbl. …
Diamondback Energy (ticker: FANG) announced first quarter results yesterday, showing net income of $163 million, or $1.65 per share. The company produced $340.7 million in …
Extraction Oil & Gas, Inc. (ticker: XOG) reported a net loss of $52 million for Q1 2018, or $(0.32) per share. First quarter average net sales volumes were 68,874 BOEPD, including 36,052 BPD of crude oil, an increase of 106% …
WildHorse Resource Development Corporation (ticker: WRD) reported a net loss available to common stockholders of $123.2 million in Q1 2018, or $(1.24) per share. Net production was 52.4 MBOEPD for the quarter, consisting of 60% oil, 31% natural gas and …
HighPoint Resources Corporation (ticker: HPR) reported a net income loss of $24.9 million, or $(0.20) per share for the first quarter of 2018. HighPoint produced 1.91 MMBoe in the quarter, which was at the midpoint of its guidance range of …
During their recent Q1 earnings calls, Bart Brookman, president …
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 89 Bcf last week, increasing from 1,432 Bcf …
Occidental Petroleum Corporation (ticker: OXY) reported a core income of $708 million for the first quarter of 2018, or $0.92 per diluted share. Total average daily production volumes were 609,000 BOE for the first quarter of 2018, compared to 621,000 …
Cimarex Energy Co. (ticker: XEC) reported first quarter 2018 net income of $186.3 million, or $1.96 per share. Total company production for the quarter came in at the high end …
Bonanza Creek Energy, Inc. (ticker: BCEI) posted a net income of $13.9 million, or $0.68 per share for the first quarter of 2018. Last year, the company had a net loss of $94.3 million, or $(1.91) per diluted share – …
Elk Petroleum (ASX: ELK) announced today that the company successfully completed a A$13.5 million (US$10.2 million) private capital raise which will help the company continue to reinvest in its low-cost, low-decline …
Centennial Resource Development, Inc. (ticker: CDEV) reported a net income of $66.1 million, or $0.25 per share for Q1 2018. The company’s average daily net production was 54,069 BOEPD for the …
Gulfport Energy (ticker: GPOR) announced first quarter earnings today, showing net income of $90.1 million, or $0.50 per share. After excluding derivatives and other special charges, Gulfport earned $101.9 million this quarter, almost …
Enbridge Inc. (ticker: ENB) said its indirect subsidiary, Enbridge (U.S.) Inc., has entered into an agreement to sell Midcoast Operating, L.P. and its subsidiaries to AL Midcoast Holdings, LLC (an affiliate of ArcLight Capital Partners, LLC) for a cash purchase …
Sanchez Energy Corporation (ticker: SN) reported a net loss of $4.8 million for the first quarter 2018, or $(0.30) per share attributable to common stockholders. The quarter included $24.4 million in non-cash mark-to-market losses related to hedging activities, Sanchez said.…
