Oil & Gas 360 - Oil and Gas News, Analysis and Earnings Calendar

The Merger That Made the Largest Ga...

From The Wall Street Journal When EQT Corp. ...

Chevron Aims $3.6 Billion at the Pe...

Chevron announces a $20-billion total...

Big Win for Colorado Oil and Gas: �...

High court reverses appeals court on view...

The Oil & Gas Story in 2018 wa...

Oil prices above breakeven for three quarters...

Featured 360 Articles

U.S. Drilling Reels from Oil Price Plunge

January 18, 2019

Rigs record largest drop in nearly three years U.S. drilling activity is responding to the recent decline in oil prices, with drilling activity dropping sharply in the week according to Baker Hughes. A net 25 rigs came offline in the U.S. this week, the largest single-week drop since early 2016. There are now 1,050 rigs active in the country, the[Read More…]
Schlumberger CEO Discusses U.S. Shale Slowing, International Activity Growing

January 18, 2019

North American revenue down 12% sequentially Schlumberger (stock ticker: SLB) kicked off the quarterly earnings season today, announcing net earnings of $538 million, or $0.39 per share. Schlumberger’s Q4 2018 results present a mixed comparison to its Q4 2017 results. At $8.2 billion, revenue is flat while operating income is down 16%. The company reported a loss last year, so[Read More…]
BAM: It’s Earnings Season (Again) – Here are the Q4 2018 Oil & Gas Company Estimates

January 17, 2019

Seems like just yesterday it was Q3 reporting season. But time between quarterly earnings reports accelerates within the public company universe. Stay up to date with earnings calls here. EnerCom, Inc. has compiled first quarter earnings per share, revenue, EBITDA and cash flow per share analyst consensus estimates on 104 E&P and 77 Oilfield Service companies in the EnerCom database. Download[Read More…]
Weekly Gas Storage: Large Regional Draws

January 17, 2019

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 fell by 81 Bcf last week, decreasing to 2,614 Bcf from 2,614 Bcf. This is 3.0% below the 2,610 Bcf that was in storage at this point last year and[Read More…]
Shale Revolution Slowing Some, but Still Breaking Records: EIA

January 16, 2019

2018 oil growth of 1.58 MMBOPD is all-time high The shale revolution will propel U.S. energy to unprecedented heights in the next two years, according to the EIA’s most recent Short-Term Energy Outlook (STEO). This month’s STEO is the first to include forecasts for 2020, giving the EIA’s view on U.S. oil and gas prospects over the next two years.[Read More…]
Bellatrix Plans Stable Production in 2019

January 16, 2019

CapEx funded by operating cash flow Bellatrix Exploration (stock ticker: BXE) announced fourth quarter production and 2019 plans, offering an example of how a micro-cap producer deals with the current oil and gas environment in Alberta. Bellatrix produced about 35.1 MBOEPD in Q4, giving the company an overall 2018 output of 35.6 MBOEPD. This surpasses expectations, as the company’s 2018[Read More…]
Registration is Open for EnerCom Dallas

January 16, 2019

Institutional investors can meet with management teams, hear 2019 operational plans from the oil and gas industry in Dallas, Texas – Feb. 27-28, 2019 Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy sector may now register for the EnerCom Dallas investment conference, coming to The Tower Club Feb. 27-28 in downtown[Read More…]
Weekly Oil Storage: Moderate Draw

January 16, 2019

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 2,683 MBBL last week to 437,055 MBBL from 439,738 MBBL. This is 6% above the 412,654 MBBL that was in storage at this point last year, and is 8% above the five-year[Read More…]
Tamarack Valley Sets Another Production Record

January 15, 2019

Tamarack Valley Energy Ltd. (stock ticker: TVE) has released its 2019 capital budget, guidance and a 2018 operational update that includes record production of approximately 24,780 BOEPD in Q4/18 with an oil and natural gas liquids (“NGL”) weighting of approximately 66%. Tamarack said it spent about $7.0 million less than the budgeted capital for the quarter due to the volatility[Read More…]
Big Win for Colorado Oil and Gas: State Supreme Court Reverses Martinez Decision

January 14, 2019

High court reverses appeals court on view of COGCC permitting priorities On Monday, the Colorado Supreme Court issued its decision on the high-profile case brought to the state judicial system by a group of youth petitioners who sought to stop oil companies from being given drilling permits unless the Colorado Oil & Gas Conservation Commission and the drilling applicants could[Read More…]