Post Tagged with: "2016 guidance"

Antero Resources Lowers Capex and Provides Guidance for 2016

Antero Resources Lowers Capex and Provides Guidance for 2016

Antero Resources announced on February 17, 2016, the company’s capital budget and guidance for the 2016 fiscal year. 2016 capital spending will be reduced to $1.4 billion from $1.8 billion, a reduction of 23%. The new capital plan includes an …

Callon Petroleum Boosts Type Curves, Spells Out 2016 Permian Program

Callon Petroleum Boosts Type Curves, Spells Out 2016 Permian Program

Year-End 2015 Proved Reserves Increase by 65%

In an operational update on February 1, 2016, Callon Petroleum (ticker: CPE, callon.com) maintained its goal for cash flow neutrality by mid-2016 while announcing advancements in both production and its reserve base.…

2016 Budget Cuts Underway as Oil & Gas Majors Slash Billions in Capex

2016 Budget Cuts Underway as Oil & Gas Majors Slash Billions in Capex

CLR, HES, NBL, and WMB Slash Nearly $6.6 Billion in 2016 Plans

Lower year-over-year spending in 2016 was a foregone conclusion for many in the exploration and production space, but the amount of expenditure cuts is noteworthy, no matter how …

Husky Energy Cuts 2016 CapEx Guidance by 27%

Husky Energy Cuts 2016 CapEx Guidance by 27%

*Figures in Canadian dollars unless stated otherwise*

Husky Energy (ticker: HSE), one of Canada’s largest integrated energy companies, amended its 2016 guidance just six weeks after its initial release. The first line of the statement says, “Husky Energy is taking …

Effective Tomorrow: Are the Good Times Over for Saudi Arabia?

Effective Tomorrow: Are the Good Times Over for Saudi Arabia?

Kingdom Hikes Petrol Prices to Offset Record 15% Budget Deficit

Saudi Arabia knew there would be repercussions for its market-share-over-price strategy. The effects were apparent in its 2016 budget, released on December 28, 2015. In the first full year of …

December 28, 2015 - 6:39 pm Closing Bell Story‎, Finance, Oil and Gas 360 Articles, OPEC
Why are You Drilling?

Why are You Drilling?

Does the term “bearish” even begin to describe commodity prices anymore?

Oil prices are generating most of the headlines, but natural gas has it just as tough: spot prices for Henry Hub are trading at 16-year lows. The story …

Oil and Gas Spending Cuts Already Apparent for 2016

Oil and Gas Spending Cuts Already Apparent for 2016

The year over year drops in 2015 capital expenditures were significant, but apparently not significant enough.

Budgets for 2016 are trickling onto the newswires, and some of the largest companies in the business are pulling back on costs yet again. …

ConocoPhillips Cuts North American Spending by 30%

ConocoPhillips Cuts North American Spending by 30%

Management said 2016 volumes will rise by 1% to 3%, fueled by project startups in Alaska, Australia and Canada oil sands

ConocoPhillips (ticker: COP) is ramping down its 2016 operations, with the majority of the pullback focused on North America.

Energy Market Upside: PDC Energy Shows Off Versatility in the Wattenberg Field

Energy Market Upside: PDC Energy Shows Off Versatility in the Wattenberg Field

The oil and gas market is approaching the end of 2015—which will no doubt go down as a highly tumultuous year for the industry. In spite of the dive in oil prices, some companies have positioned themselves well for capturing …

Source: WPX

Energy Market Upside: EQT Corp. Welcomes 2016 with $1 Billion CapEx Plan—Self-Funded

The oil and gas market is approaching the end of 2015—which will no doubt go down as a highly tumultuous year for the industry. In spite of the dive in oil prices, some companies have positioned themselves well for capturing …

Oil and Gas Spending Cuts are Inevitable for 2016 – Will Production Follow?

Oil and Gas Spending Cuts are Inevitable for 2016 – Will Production Follow?

Budget layouts and capital expenditure plans for 2016 are trickling onto the newswires, with EQT Corp. (ticker: EQT), Noble Energy (ticker: NBL) and PDC Energy (ticker: PDCE) all unveiling their plans within the week. To date, the plans are …

Canadian Oil Sands Highlights Cost Efficiencies, Defends Strategy Behind Suncor Takeover Bid

Canadian Oil Sands Highlights Cost Efficiencies, Defends Strategy Behind Suncor Takeover Bid

CEO Kubik: An independent COS offers more upside to shareholders

(Editor’s note: all figures in Canadian dollars)

On December 1, 2015, Canadian Oil Sands (ticker: COS) issued a press release with an accompanying conference call detailing its 2016 budget and …