CDEV Chairman Mark Papa says tepid U.S. production growth due to running out of Tier 1 drilling locations in 2 of the 3 biggest U.S. oil basins Centennial Resource Development (ticker: CDEV) reported Q3 earnings today and CDEV Chairman and CEO Mark Papa took the occasion to express his observations about the actual reasons for a drop in growth of
Parex Announces 2017 Third Quarter Results
NACCO Industries Declares Quarterly Dividend
4,221 BOEPD from Delaware well, triples Permian production WPX Energy (ticker: WPX) announced third quarter results last week, showing a net loss of $153 million, or ($0.39) per share. After adjusting for special charges, WPX reported a loss of $40 million, or ($0.10) per share. WPX produced an average of 112 MBOEPD, up 6% sequentially. Liquids production was 78,100 BPD,
U.S. Energy Corp. Announces Continued Listing Plan Accepted by Nasdaq
New Delaware wells bring encouraging results, plans to add 10th operated rig in Q4 Diamondback Energy (ticker: FANG) announced third quarter results today, with net income of $73 million, or $0.74 per share. This result significantly exceeds the $2.2 million loss the company took in Q3 2016. The company saw 10% production growth in Q3, with output of 85 MBOEPD.
Contango Announces Third Quarter 2017 Financial Results and Provides Operational Update
From Reuters Brazil has rejected an informal effort by Saudi Arabia to coax Latin America’s top oil producer into joining OPEC-led production cuts aimed at boosting prices that have been hit by oversupply, a Brazilian official said on Tuesday. Marcio Felix, Brazil’s oil and gas secretary, told Reuters he received a call last week from an adviser to Saudi Arabia’s
Ecopetrol Business Group presents third quarter and year-to-date 2017 Results
From Reuters An audit of Saudi Aramco’s [IPO-ARMO.SE] oil reserves is unlikely to be completed before the end of 2017 because of the huge scale of the task, sources familiar with the matter said, a later timeframe than previously indicated. FILE PHOTO: Logo of Saudi Aramco is seen at the 20th Middle East Oil & Gas Show and Conference (MOES
Surge Energy Inc. Announces Third Quarter 2017 Results
