Friday, November 28, 2025

Whiting Targets Free Cash at $55 Oil

Whiting generated free cash in each quarter of 2018 By Richard Rostad, analyst, Oil & Gas 360 Whiting Petroleum (ticker: WLL) announced fourth quarter results and reserves today, showing $204 million in net income, or $2.24 per share. This result is far better than the $798 million loss Whiting posted in Q4 2017, but after adjusting for derivatives and other

EOG Looks Beyond the Permian and Eagle Ford

New basins claim growing share of CapEx By Richard Rostad, analyst, Oil & Gas 360 EOG Resources (ticker: EOG) announced fourth quarter results and reserves today, showing $893 million in net income, or $1.54 per share. EOG produced 764.5 MBOEPD in Q4, 430.3 MBOPD of which was crude oil from the U.S. This exceeds the high end of the company’s

ArcLight Capital Weighs Sale of Republic Midstream

From Bloomberg ArcLight Capital Partners LLC is considering a sale of Republic Midstream LLC, an oil pipeline operator in the Eagle Ford shale of South Texas that could fetch about $600 million, according to people familiar with the matter. The Boston-based private equity firm is working with an adviser on the potential sale, said the people, who asked not to be named

Oil Companies Find Way to Cash in by Not Pumping in Canada

From Bloomberg Alberta oil producers have found a way around production limits imposed on them by the provincial government: buy the right to pump barrels from other companies that don’t need them. The volumes aren’t huge — Husky Energy Inc. is buying rights to produce an additional amount of less than 1,000 barrels a day, Rob Symonds, chief operating officer, said Tuesday