CapEx down 15%, production up 20% By Richard Rostad, analyst, Oil & Gas 360 PDC Energy (ticker: PDCE) announced 2019 guidance today, outlining the company’s transition from aggressive growth to a more moderate posture. PDC plans to spend about $840 million in 2019, down from the $985 million the company spent in 2018. The vast majority of this sum, $800
Continental Resources Announces 2018 And 4Q18 Production, Year-End 2018 Proved Reserves And 2019 Capital Budget and Guidance
Westmoreland Coal Company and Westmoreland Resource Partners, LP Announce Tender Offer to Purchase Common Units of Westmoreland Resource Partners, LP for $0.01 per Common Unit in Cash
From Bloomberg For Mike Wirth, the future of Big Oil lies at home, under the dusty fields of West Texas. As he celebrates his first year as chief executive of Chevron Corp., Wirth sees the Permian Basin as a plentiful source of high-quality crude for years to come, but that’s not all. The low break-even costs to pump in the Permian
From Reuters Canadian oil producer Cenovus Energy Inc is sticking to its plan to accelerate rail shipments starting in the second quarter, as crude transported by that form remains profitable despite price swings this year, its chief executive said. Cenovus signed long-term agreements in September with Canadian National Railway Co and Canadian Pacific Railway, when Canadian heavy crude was selling
From Reuters The European Union reached a provisional deal on Wednesday on new rules governing import gas pipelines, casting doubt over the operating structure of Russia’s planned Nord Stream 2. The Russian pipeline already faces uncertainty after Denmark’s potential ban on its planned route through its territorial waters and sanction threats by the United States. The draft law calls for
Pioneer Natural Resources Company Reports Fourth-Quarter and Full-Year 2018 Financial and Operating Results; Provides 2019 Outlook
From Reuters Venezuela’s opposition-controlled congress named new temporary boards of directors to state-oil firm PDVSA on Wednesday, in an effort to wrest the OPEC nation’s oil revenue from President Nicolas Maduro. An increasingly isolated Maduro lashed out at the congress leader Juan Guaido, saying in an interview that he would face the courts “sooner or later” for violating the constitution
Antero Resources Reports Fourth Quarter and Full Year 2018 Financial and Operational Results and 2018 Reserves
QEP Resources Announces Fourth Quarter and Full Year 2018 Financial and Operational Results Release Date and Conference Call …
Williams Reports Fourth-Quarter and Full-Year 2018 Financial Results
Antero Midstream and AMGP Report Fourth Quarter and Full Year 2018 Financial and Operating Results
