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. …
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 …
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 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 Corp. (ticker: ECA) anticipates between 25% to 35% production growth from its core assets from the …
PDC Energy, Inc. (ticker: PDCE) announced today its 2018 capital investment budget and production forecast.
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 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 …
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 …
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. …
“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 …
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 …
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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 …
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 (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 …
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, …
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 …
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 …
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 …
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 …
