Post Tagged with: "CAPEX"

Stone Energy: Production, Reserves and CapEx Update

Stone Energy: Production, Reserves and CapEx Update

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 Grows Proved Reserves by 88%, Sets Production Record

Sanchez Energy Grows Proved Reserves by 88%, Sets Production Record

Sanchez Energy Corporation (ticker: SN) released year-end 2017 proved reserves and operating results for the fourth quarter and full year 2017.

Highlights

  • Proved reserves increased by 88% during the year to approximately 363 MMBoe, with a reserve replacement ratio of
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

Gulfport Energy’s ~$800 Million CapEx to Fall Within Cash Flow

Gulfport Energy’s ~$800 Million CapEx to Fall Within Cash Flow

Gulfport Energy Corporation (ticker: GPOR) has announced that:

  • 2018 CapEx budget will be funded within cash flow,
  • $100 million outstanding common stock will be repurchased this year,
  • 2018 operational outlook forecasts 1,250 MMcfe/d

2018 CapEx and production guidance

The 2018 …

Spartan Energy Announces $183 Million 2018 CapEx

Spartan Energy Announces $183 Million 2018 CapEx

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 …

Crescent Point Energy Looks to Exit 2018 with 195,000 BOEPD

Crescent Point Energy Looks to Exit 2018 with 195,000 BOEPD

Uinta HZ inventory climbs to 850 net locations

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 …

Encana Will Point CapEx toward Permian and Montney in 2018

Encana Will Point CapEx toward Permian and Montney in 2018

Encana plans to invest virtually all its anticipated 2018 capital in its core assets, with around 70% directed to the Permian and Montney

Encana Corp. (ticker: ECA) anticipates between 25% to 35% production growth from its core assets from the …

Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

PDC Energy Earmarks $920 Million CapEx Budget for 2018

PDC Energy, Inc. (ticker: PDCE) announced today its 2018 capital investment budget and production forecast.

2018 budget highlights:

  • Year-over-year production growth of approximately 25 percent to an estimated 38 to 42 million barrels of oil equivalent (MMBoe)
  • Oil production to
December 12, 2017 - 5:56 pm Closing Bell Story‎, Energy News, Oil and Gas 360 Articles
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 …

Ensign Energy Releases 2018 CapEx Budget, Brings on New Board Member

Ensign Energy Releases 2018 CapEx Budget, Brings on New Board Member

Ensign Energy Services Inc. (ticker: ESI) announced a CapEx of $64 million, comprised of $43 million for capital maintenance on the fleet and $21 million for equipment and optimization upgrades to the current fleet. Ensign said that the capital plan …

Chevron Corporation (CVX) Releases 2018 CapEx Budget and a $1 Million Donation

Chevron Corporation (CVX) Releases 2018 CapEx Budget and a $1 Million Donation

  • U.S. Upstream getting $6.6 billion; international upstream $9.2 billion
  • $5.5 billion for the company’s share of expenditures by affiliated companies
  • $2.2 billion of planned capital spending is associated with the company’s downstream businesses that refine, market and transport fuels, and
December 7, 2017 - 4:25 pm Closing Bell Story‎, Finance, Oil and Gas 360 Articles, People
Precision Drilling Corporation Plans 2018 $94 Million CapEx

Precision Drilling Corporation Plans 2018 $94 Million CapEx

Precision Drilling Corporation (ticker: PDS) announced a 2018 CapEx of $94 million. The company said $62 million has been reserved for maintenance and infrastructure and $32 million will be used to upgrade existing rigs. The company said $94 million will …

Energy CapEx: Spending Money to Make Money

Energy CapEx: Spending Money to Make Money

Back when the dinosaurs roamed the Earth in the late 1980s and 1990s, oil and gas companies started to use a term called EBITDAX instead of Net Income to describe the amount of cash that was generated from ongoing operations.  …

E&P CapEx: First Double Dip Since ‘86

E&P CapEx: First Double Dip Since ‘86

2016 global E&P spending expected to decline 15%-20% in 2016: Barclay’s

“That’s what Friends are For” was the Billboard Top 100 song the last time this happened. Exploration and production spending is expected to decline by 15% this year. That’s …

Oil & Gas 360 Energy News

Inter Pipeline Announces $250 Million Capital Expenditure Program for 2016

CALGARY, ALBERTA–(Marketwired – Dec. 21, 2015) – Inter Pipeline Ltd. (“Inter Pipeline”) (TSX: IPL) announced today a $250 million capital expenditure program for 2016, primarily directed towards its conventional oil gathering and oil sands transportation businesses. Organic growth projects are …

December 21, 2015 - 3:33 pm Canada, Closing Bell Story‎, Energy News, Midstream
Oil & Gas 360® Presents “TOP MINDS IN THE BUSINESS”  an Exclusive Interview with Tom Petrie

Oil & Gas 360® Presents “TOP MINDS IN THE BUSINESS” an Exclusive Interview with Tom Petrie

View the PDF   – Download Video File

Few people understand the business of oil and gas better than Tom Petrie.

After serving as senior oil analyst for First Boston, Petrie co-founded Petrie Parkman & Co., merged it into Merrill Lynch …

January 27, 2015 - 5:24 pm C-Level Interviews, OPEC, Top Minds, Uncategorized, Videos
Magnum Hunter CEO Gary Evans Sets the Record Straight: “Rumors of Our Death Have Been Greatly Exaggerated”

Magnum Hunter CEO Gary Evans Sets the Record Straight: “Rumors of Our Death Have Been Greatly Exaggerated”

Magnum Hunter Jan. 23 Conference Call

Gary Evans drew on some famous American humor to lead off this morning’s conference call “to discuss macro events affecting the energy sector and company specifics.” Evans paraphrased the famous quip from North American …

Valero Aims to Sustain CapEx, Dividend Growth in 2015

Valero Aims to Sustain CapEx, Dividend Growth in 2015

Despite the tumbling price of oil, Valero looks to sustain expenditures and continue to grow dividends

Valero (ticker: VLO), the world’s largest independent refiner, released a presentation last week setting the company’s many objectives for 2015. In the face of …

January 13, 2015 - 3:36 pm Oil and Gas 360 Articles
Crescent Point and Concho Announce Production Increase Despite Lower CapEx

Crescent Point and Concho Announce Production Increase Despite Lower CapEx

Crescent Point will maintain dividend despite 28% CapEx cut

Two companies this week, Crescent Point Energy Corp. (ticker: CPG) and Concho Resources Inc. (ticker: CXO), released forward looking statements projecting increased production in 2015, regardless of commodity prices.

Crescent Point, …

Oil & Gas 360®’s Canadian E&P Wrap-up

Oil & Gas 360®’s Canadian E&P Wrap-up

After five weeks of reviewing Canada’s E&P companies, Oil & Gas 360® offers its wrap up on this particular section of the industry as we move into 2015.

Based on EnerCom’s E&P Weekly report, which was used to gather all …

December 23, 2014 - 12:05 pm Canada, Oil and Gas 360 Articles
Encana Corp. Increasing Capital in 2015 to Focus on Liquids Program

Encana Corp. Increasing Capital in 2015 to Focus on Liquids Program

Encana Corporation (ticker: ECA) has announced a 2015 capital budget of $2.7 to $2.9 billion, with approximately 80% directed to four of its highest margin growth plays; the Montney and Duvernay in Canada, as well as the company’s Permian and …

Canadian Companies Announce Major Cuts to CapEx in 2015

Canadian Companies Announce Major Cuts to CapEx in 2015

Major companies are struggling to maintain capital expenditures as oil prices continue to slide further. Already in the last six months prices have fallen more than 40% as supply continues to outpace sluggish demand growth.

In the last week, three …

December 9, 2014 - 6:58 pm Canada, Oil and Gas 360 Articles
Magnum Hunter Resources Corp. Exploring its Utica Potential

Magnum Hunter Resources Corp. Exploring its Utica Potential

Even though Magnum Hunter Resources Corp (ticker: MHR) was an early entrant into the Utica Shale (2010), the company elected to wait and watch the play’s development during 2011 and 2012. Most companies don’t have the luxury in an emerging …

January 23, 2013 - 9:12 pm Oil and Gas 360 Articles