Tuesday, June 16, 2026

GeoPark Predicts 20%-25% Production Growth in 2017

2017 CapEx doubles 2016 levels; Colombian F&D costs less than $1.50 GeoPark (ticker: GPRK) reported fourth quarter results Wednesday, showing a net loss of $20.4 million. Full year results are a loss of $49.1 million. These results are significantly better than those of 2015, when fourth quarter and full year losses were $157.6 million and $234 million. Total proved reserves

Total U.S. Rig Count Up by 12

DJ-Niobrara adds 5, Haynesville and Utica add 2, Permian adds only 1 rig this week U.S. drilling activity has increased in the week ended March 10, 2017, according to Baker Hughes’ (ticker: BHI) weekly rig count. The total number of rigs active in the U.S. is up by 12 from last week, with land rigs up by nine. 768 rigs

As the Original Brent Field Fades Away, Brent Oil Pricing to Get a New Component

Norway’s Troll crude oil to become part of the Brent benchmark price assessment: EIA Despite the continuing importance of the Brent price benchmark, actual crude oil production from the original Brent field will soon end after more than 40 years of production. Shell (ticker: RDSA), the operator of the Brent field, has begun to decommission and remove the offshore oil platforms and the

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Proposed Permian Refinery Could Take 50,000 BOPD from West Texas Producers

It’s small when you compare it to the top ten largest U.S. refineries, most located on the Gulf coast, all having capacities between 300,000 barrels and half a million barrels per day, but a small Texas-based energy company has announced its intention to build a 50,000-barrels per day crude oil refinery in a well-selected location: in the heart of the Permian