Anadarko Petroleum Corporation (ticker: APC) reported fourth quarter of 2017 net income attributable to common stockholders of $976 million, or $1.80 per share (diluted).
Net cash provided by operating activities in the fourth quarter of 2017 was $1.4 billion.
For …
Halcon Resources Corporation (ticker: HK) has recently entered into definitive agreements to acquire 22,617 net acres in Ward County, Texas for approximately $381 million.
The properties are currently producing ~1,325 BOEPD which equates to a purchase price of ~$14,674/acre (after …
Pioneer Natural Resources (ticker: PXD) placed 64 horizontal wells on production in the fourth quarter of 2017. In the Permian, 43 …
Laredo Petroleum, Inc. (ticker: LPI) announced this week that Patrick J. Curth, senior VP of exploration and land, will transition to a senior advisor role in anticipation of his retirement in March 2019.
VP of Exploration and Geosciences Technology James …
Marathon Petroleum Corp. (ticker: MPC) earned $2.02 billion, or $4.09 per diluted share, in Q4 2017. This is significantly more than in Q4 2016, where the company had earnings of $227 million, or $0.43 per diluted share. FY 2017 earnings …
Stone Energy Corporation (ticker: SGY) estimates that its 2018 capital expenditure budget will reach up to $212 million. The budget allocates 36% to exploration, 27% to development and 37% to P&A expenditures.
Interim CEO and President James M. Trimble said, …
Sanchez Energy Corporation (ticker: SN) released year-end 2017 proved reserves and operating results for the fourth quarter and full year 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. …
Dominion Energy Cove Point (DECP, ticker: D) has begun producing liquefied natural gas. The company’s newly constructed natural gas liquefaction facility is undergoing commissioning in …
Lilis Energy, Inc. (ticker: LLEX) capped off the end of January with several notable announcements. The company plans to acquire more than 20,000 net acres in the Delaware Basin while maintaining two drilling rigs, targeting 14 gross (11 net) wells.…
Alta Mesa Resources, Inc. is a new company that was announced on August 16, 2017 that will combine Silver Run Acquisition Corporation II, Kingfisher Midstream, LLC and Alta Mesa Holdings, LP. The company has its asset base concentrated in the …
Parsley Energy, Inc. (ticker: PE) has released certain full-year 2017 results and an operational update for its Wolfcamp C delineation program.
Gulfport Energy Corporation (ticker: GPOR) has announced that:
The 2018 …
Suncor Energy Inc. (ticker: SU) will steadily ramp up its Fort Hills production following the safe startup of secondary extraction on January 27, 2018. Fort Hills, which is located 90 kilometers north of Fort McMurray, has …
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 …
Panhandle Oil and Gas Inc. (ticker: PHX) is headquartered in Oklahoma City, Oklahoma. Panhandle has approximately 255,000 net acres of perpetually owned mineral rights spread across Arkansas, Oklahoma and Texas.
Panhandle leases its properties to oil and gas operators and …
SilverBow Resources, Inc. (ticker: SBOW) recently announced its 2018 capital program of $245-$265 million. For 2018, SilverBow said that total company production is projected to average 175-195 MMcfe/d, an increase of approximately 25-40% from 2017 levels. This projection has been …
BP p.l.c. (ticker: BP) will bring five major upstream projects online in 2018. The projects span the globe, …
Rex Energy Corporation (ticker: REXX) announced today that it has appointed Curt Walker, the company’s current chief accounting officer, to the position of CFO, effective immediately.
Walker will be responsible for all financial, accounting and …
Goodrich Petroleum Corporation (ticker: GDP) is an independent E&P headquartered in Houston, Texas with operations in Texas, Louisiana and Mississippi.
The company’s preliminary capital expenditure budget for 2018 stands at $65 to $75 million and will be directed towards the …
Activity in the Eleventh Federal Reserve District’s energy sector gained momentum in the fourth quarter of 2017, according to the Dallas Fed Energy Survey. The business activity index—the survey’s broadest measure of business conditions—climbed over 10 points to 38.1, with …
GeoPark Limited (ticker: GPRK) said that in Chile the Uaken 1 exploration well in the Fell block was successfully drilled and tested. The well is operated by GeoPark and the company has 100% working interest.
GeoPark drilled and completed the …
Razor Energy Corp. (ticker: RZE) announced that it has completed the acquisition of certain non-operated working interest positions to consolidate its existing Kaybob Triassic Units 1 and 2 from an arm’s length company for a cash consideration of $4.9 million.…
Spartan Energy Corp. (ticker: SPE) has approved a development capital budget of $183 million for 2018. Spartan said the capital budget includes drilling approximately 140 net development oil wells. The wells should produce an annual average production of 23,400 BOEPD …
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. …
Crescent Point Energy Corp. (ticker: CPG) expects to generate annual average production of 183,500 BOEPD and exit production of 195,000 BOEPD in 2018. The increase will be fueled from its $1.8 billion …
Parsley Energy, Inc. (ticker: PE) said that next year, effective Jan. 2019, Chairman of the Board and CEO Bryan Sheffield will be succeeded as CEO by Matt Gallagher, the company’s current president and COO.
Gallagher is appointed to Parsley’s board …
Encana Corp. (ticker: ECA) anticipates between 25% to 35% production growth from its core assets from the …
No manufacturer ever wants to experience production problems, especially a high-profile disruptor like Tesla Inc. (ticker: TSLA).
Nonetheless, Tesla reported that it delivered 1,550 Model 3s in Q4 2017. In the last seven working days of Q4, Tesla cranked out …
Samson Resources II, LLC has released its 2018 total capital budget with a range of $105 to $115 million. The capital program aims to increase production volumes by about 20%, compared to 2017 exit production rates. The company will spend …
