Sunday, September 21, 2025

GeoPark Production Moves to 35 MBOEPD

Latin American E&P operator GeoPark Limited (ticker: GPRK) released a production update today, noting that current production is currently at 35 MBOEPD. This figure includes production from the recent Argentina acquisition. Oil production increased by 33% to 27,345 BOPD (up 8% compared to Q4 2017) Colombian oil production increased by 37% to 26,303 BOPD (up 8% compared to Q4 2017)

E&P Bankruptcy Filings Down 67% in 2017: Haynes and Boone

Debt involved in oil and gas company bankruptcies since 2015 totals $90 billion International corporate law firm Haynes and Boone has tracked 144 North American oil and gas producers that have filed for bankruptcy since the beginning of 2015. These bankruptcies, including Chapter 7, Chapter 11, Chapter 15 and Canadian cases, involve approximately $90.2 billion in cumulative secured and unsecured

Proppant Company to Increase Capacity to 1 MM Tons by Mid-Year

Select Sands delivered proppant by barge starting in Q4 Select Sands Corp. (ticker: SNS) reported full-year revenues of $15.1 million, with a gross profit of $2.9 million. However, the company had a full-year net loss of $1.6 million, or $(0.02) per basic and diluted common share. For Q4 2017, Select reported a net income of $1.3 million, or $0.01 per

Diamondback Energy Running 11 Rigs, 5 Frac Crews in the Permian: Production Up 10% over Q4

Diamondback Energy, Inc. (ticker: FANG) produced 102.6 MBOEPD in Q1 2018. This is 10% more than Q4 2017 production volumes of 92.9 MBOEPD. Diamondback is currently running 11 drilling rigs and five dedicated completion crews. Q1 2018 average realized prices were $61.66 per barrel of oil, $2.20 per Mcf of natural gas and $24.64 per barrel of natural gas liquids,

Notley says Alberta is Prepared to Buy Trans Mountain Pipeline from Kinder Morgan

From The Globe and Mail CALGARY, VICTORIA AND OTTAWA Alberta Premier Rachel Notley is looking at an outright government purchase of the Trans Mountain pipeline to ensure its planned expansion is completed to ship more oil to Asia-Pacific markets. In the escalating battle over the oil sands pipeline project, the Alberta Premier signaled on Tuesday she could put provincial taxpayers’

Weekly Oil Storage: Stocks Build

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 rose by 3,306 MBBL last week to 428,638 MBBL, from 425,332 MBBL. This is 20% below the 533,377 MBBL that was in storage at this point last year, and is 3% below the five-year