November 9, 2018 – Oil & Gas 360

EP Energy Corporation (ticker: EPE) reported its Q3 results and held its earning call yesterday. Improvements with completions and new Eagle Ford & Permian Assets EP has renamed its position in the Uinta Basin to Northeastern Utah or NEU. In the third quarter of 2018, the company produced 17.5 MBoe/d, including 12.0 MBbls/d of oil, a four percent decrease from the third

Rigs Surge Ahead in Wild Week

November 9, 2018

Activity breaks out of five-month equilibrium Drilling activity increased sharply this week, reaching another post-downturn high, according to the latest edition of Baker Hughes’ Weekly Rig Count. A net 14 rigs began drilling this week, meaning there are now 1,081 rigs active in the U.S. This represents a decisive break from the past five months, when rig counts hovered around

QEP Moves towards Pure-Play Midland

November 9, 2018

Denver-based QEP Resources Inc. (stock ticker: QEP) reported its Q3 Results Wednesday. Pure-play is right move for QEP’s size QEP is well on the course to being a pure-play Permian company, with the sale of its Bakken assets announced earlier this week. QEP Chairman, President and CEO Charles Stanley outlined some of the advantages to being a pure-play producer in

Cimarex Reports Major Lea County Wells

November 9, 2018

Production up 8% quarterly, 17% year-over-year Cimarex Energy (ticker: XEC) announced third quarter results today, showing net income of $148.4 million, or $1.56 per share. Cimarex produced an average of 218.6 MBOEPD in Q3, 63.9 MBOPD of which was oil. This oil production level represents 17% pro forma growth year-over-year, or 8% quarterly growth. Cimarex brought net 46 wells online

Premium Content