Alliant Energy’s rate settlement approved
February 2, 2018
Alliant Energy’s rate settlement approved
Bayshore Petroleum Corp. New Head Office Address
February 2, 2018
Bayshore Petroleum Corp. New Head Office Address
Ritchie Bros. Announces Management Departure
February 2, 2018
Ritchie Bros. Announces Management Departure
U.S. Oil Production Reaches Highest Output in 47 Years
February 2, 2018
10 MMBOPD+ has only been achieved twice before U.S. crude oil production exceeded 10 MMBOPD in November 2017, a milestone that has not been surpassed for 47 years. According to the EIA, the U.S. produced 10.038 MMBOPD in November, the most recent monthly data available. This is the second-highest U.S. monthly oil output ever, surpassed only by November 1970, when
U.S. Adds Six Oil-Targeting Rigs: Baker Hughes
February 2, 2018
Small activity shifts, overall count down one Drilling activity decreased slightly this week, with only minor changes in most categories, according to Baker Hughes Weekly Rig Count. The total number of rigs active in the U.S. dropped by one, falling to 946. Land and inland waters counts were unchanged, while one offshore rig came offline. There are now 929 land
PetroQuest Sold its GOM Properties, Sees Reserves Up 36%
February 2, 2018
Achieved 247% reserve replacement ratio PetroQuest (ticker: PQ) announced 2017 reserves today, showing a 36% increase in reserves; The company also announced the divestiture of its offshore Gulf of Mexico assets. Reserves grow PetroQuest now holds 156 Bcfe in reserves, 80% of which is natural gas, while the remaining 20% is split between 7% oil and 13% NGL. This represents
Suncor Energy to release fourth quarter 2017 financial results
February 2, 2018
Suncor Energy to release fourth quarter 2017 financial results
Oasis Midstream Partners Announces Third Quarter 2017 and Fourth Quarter 2017 Distributions
February 2, 2018
Oasis Midstream Partners Announces Third Quarter 2017 and Fourth Quarter 2017 Distributions
Blackbird Energy Glides Into 2018
February 2, 2018
Blackbird Energy Inc. (ticker: BBI) has provided an update regarding its operations. Blackbird’s total corporate January sales production averaged an estimated 1,978 BOEPD (58% liquids) for the 17 days the company was able to produce during the month. Estimated sales production averaged 1,056 BOEPD on a calendar day basis through January, with volumes being impacted by approximately 14 days of
Berry Petroleum Company, LLC Announces Pricing of Upsized $400 Million Private Offering of Senior Unsecured Notes
February 2, 2018
Berry Petroleum Company, LLC Announces Pricing of Upsized $400 Million Private Offering of Senior Unsecured Notes
Weatherford: Net Loss of $1.94 Billion
February 2, 2018
Weatherford International plc (ticker: WFT) reported a net loss of $1.94 billion, or a loss of ($1.95) per share for the fourth quarter of 2017. Non-GAAP net loss for the fourth quarter of 2017, excluding charges and credits, was $329 million, or ($0.33) diluted loss per share. Revenue in the fourth quarter of 2017 was $1.49 billion, which increased 2% from revenue of $1.46 billion for the third quarter
ExxonMobil Plans to Ramp Up Drilling in Permian and Bakken
February 2, 2018
Exxon Mobil Corporation (ticker: XOM) reported 2017 earnings of $19.7 billion, compared to $7.8 billion in 2016 – this represents a 151% increase. Non-cash asset impairments of $1.5 billion were recorded during the year, mainly due to upstream assets. Q4 2017 earnings were $8.4 billion. Earnings excluding U.S. tax reform and impairments were $3.7 billion, which is down 2% compared with
