Post Tagged with: "2017"

Edelman - LNG 17 Shell speakers, participants, booths and displays, Wednesday, April 17, 2013.

Shell Earned $4.3 Billion for Q4, $15.8 Billion for 2017

Royal Dutch Shell (ticker: RDS.A) CEO Ben van Beurden had some things to celebrate in his company’s year-end reporting today.

“We were able to deliver $39 billion of cash flow from operations excluding working capital movements from our upgraded portfolio. …

Parsley Energy Keeps the Green Coming

Parsley Energy Keeps the Green Coming

FY2017 CapEx of $1.2 billion: 40 wells to be placed on production each quarter in 2018

Parsley Energy, Inc. (ticker: PE) has released certain full-year 2017 results and an operational update for its Wolfcamp C delineation program.

Q4 and FY2017

Bonanza Creek Hits High Water Marks

Bonanza Creek Hits High Water Marks

Bonanza Creek Energy, Inc. (ticker: BCEI) exceeded the company’s high-end of Q4 2017 estimates by producing 14.8 MBOEPD. The company is expecting Rockies production to grow by 20% in 2018 and in 2019 Bonanza Creek said it expects an increase …

RPC, Inc. Increases Revenue by 93.4% to $427.3 Million

RPC, Inc. Increases Revenue by 93.4% to $427.3 Million

RPC, Inc. (ticker: RES) announced today its unaudited results for the fourth quarter and year ended December 31, 2017. For the quarter ended December 31, 2017, revenues increased by 93.4% to $427.3 million, compared to $221.0 million in the fourth …

North Dakota Producing Almost 1.2 Million BOPD

North Dakota Producing Almost 1.2 Million BOPD

North Dakota production set new records in 2017 even though the rig count has gone down. At least 1.18 million BOPD was produced in October and November. North Dakota gas production hit new highs in November as well – over …

GeoPark Issues Operational Update

GeoPark Issues Operational Update

GeoPark Limited (ticker: GPRK), an independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru, issued an operational update.

GeoPark’s 2018 work program and budget is $100-$110 million. …

Suncor Energy: 2017 Production Update

Suncor Energy: 2017 Production Update

Suncor Energy Inc. (ticker: SU) released end-of-year production numbers and provided an update to the Fort Hills dispute.

Highlights

  • Upstream production of 736,000 BOEPD
  • Oil sands produced 447,000 bbls/d, including 6,000 bbls/d from Fort Hills
  • Syncrude produced 325,000 bbls/d for
Permian Basin Production Breaks 44-Year Record: IHS

Permian Basin Production Breaks 44-Year Record: IHS

Permian production will push U.S. to new record liquids production by end of 2018 – IHS Markit

IHS Markit released a new report today. IHS Markit said that the Permian Basin reached a new 2017 oil-production record of 815 million …

December 27, 2017 - 6:03 pm Closing Bell Story‎, Energy News, Oil and Gas 360 Articles
Panhandle Oil and Gas Inc. Asset Overview, Oct. 2017

Panhandle Oil and Gas Q4/FY2017 Results

Panhandle Oil and Gas Inc. (ticker: PHX) released its Q4 results today along with an operations update.

Highlights for the periods ended September 30, 2017

  • Recorded a fourth quarter 2017 net income of $1,039,134, $0.06 per share, compared to a
Phillips 66 Announces CapEx Budget for 2018

Phillips 66 Announces CapEx Budget for 2018

Phillips 66 (ticker: PSX) recently announced its 2018 capital budget of $2.3 billion, which includes $1.4 billion of growth capital and $0.9 billion of sustaining capital.

In midstream, the company plans to invest $1.2 billion, including $1 billion of growth …

Fraser Institute Releases 2017 Global Petroleum Survey Results

Fraser Institute Releases 2017 Global Petroleum Survey Results

The shackles are being taken off the U.S. energy sector, which spells trouble for Canadian jurisdictions trying to attract oil and gas investment dollars – Fraser Institute

What is the Global Petroleum Survey?

The annual survey, published by the Fraser …

Helmerich & Payne (HP) Plans to Upgrade More Rigs

Helmerich & Payne (HP) Plans to Upgrade More Rigs

  • H&P’s U.S. land market share increased from 15% to 20% from September 30, 2016 to September 30, 2017
  • Net loss of $23 million or ($0.21) per diluted share from operating revenues of $532 million

Helmerich & Payne, Inc. (ticker: HP) …

Pacific Bora drilling rig arrives at Oyo-9 field in
deepwater offshore Nigeria

Erin Energy Corporation (ERN) Q3 – Oyo-9 and Nigeria Assets: Location, Location, Location

Frank Ingriselli, independent director and chairman of Erin Energy (ticker: ERN) discussed the Oyo-9 well and related activity on Erin’s prospects offshore Nigeria during the company’s Q3 call last week.

Frank Ingriselli: This is my second earnings conference call after …

CONSOL Energy Separates E&P and Coal into Separate Businesses

CONSOL Energy Separates E&P and Coal into Separate Businesses

Utica production up 45% Q2 to Q3 2017

CONSOL Energy (ticker: CNX) released its Q3 financials today and announced its division into new subsidiary companies.

New companies, new names and ticker symbols

  • The current parent, CONSOL Energy, will change its
Devon Energy: 77% of Q2 Production was from U.S. Resource Plays

Devon Energy: 77% of Q2 Production was from U.S. Resource Plays

During Q2, Devon Energy (ticker: DVN) averaged approximately 536,000 BOEPD which was 6,000 BOEPD higher than the company’s midpoint guidance for the quarter. Of that, approximately 44% of the production was oil.

Devon indicated that 412,000 BOEPD of its total …

U.S. Energy Companies Reshuffle, Peel Off the ‘Fortune 500’

U.S. Energy Companies Reshuffle, Peel Off the ‘Fortune 500’

Fortune 500 roster represents two thirds of U.S. gross domestic product

For decades it has represented a badge of honor for any U.S. business.  It has been populated by icons of U.S. industry—Ford, General Motors, International Paper, Standard Oil, IBM, …

Preparing for 2017: Key HR action items for employers

From Business Journals

The following are some key year-end HR action items to help companies prepare for 2017:

Ensure compliance with federal overtime pay rules; make sure employees are properly classified

Although a federal court recently ruled to temporarily halt …

December 7, 2016 - 9:34 am Closing Bell Story‎, Energy News, Regulatory
Oil Prices Go Up after 2017:  EIA

Oil Prices Go Up after 2017: EIA

NatGas Use in Electricity Generation Soars through 2040: EIA Report

The U.S. Department of Energy’s Energy Information Agency released its newest comprehensive report today, its Annual Energy Outlook 2016. As to the agency’s projections for oil and gas prices and …