Post Tagged with: "Capital budget"

Source: Occidental Petroleum

Oxy Lowers Production Guidance on Legacy Anadarko Assets

From The Houston Chronicle


With Occidental Petroleum finalizing its $38 billion acquisition of Anadarko Petroleum last week, Oxy is now lowering its oil and gas production guidance for the legacy Anadarko assets.

For the rest of this year, Oxy said …

Samson Resources Plans $105 Million 2018 Capital Program

Samson Resources Plans $105 Million 2018 Capital Program

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 …

PDC Energy Targeting 40% Production Growth in 2017

PDC Energy Targeting 40% Production Growth in 2017

PDC Energy 2017 capital budget and growth both exceed analyst expectations

Denver-based PDC Energy (ticker: PDCE) announced its capital budget and production plans for 2017 on Monday exceeding analyst expectations. According to the company’s press release, PDC plans to …

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 …

Pioneer Natural Resources Lowers Capex Budget to $2.0 Billion

Pioneer Natural Resources Lowers Capex Budget to $2.0 Billion

$1.85 billion for drilling in 2016 with 10% production growth and no debt raises rest of year

Pioneer Natural Resources (ticker: PXD, PXD.com) announced its fourth quarter results, along with its 2016 capital budget of $2.0 billion. The company …

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. …

Oil Major Chevron Announces $26.6 Billion Capital Budget for 2016

Oil Major Chevron Announces $26.6 Billion Capital Budget for 2016

Will spend 24% less than in 2015; dividends are ‘No. 1 priority’

Chevron Corp. (ticker: CVX), the second-largest energy company in the U.S. by revenue, announced its capital budget for 2016, saying it plans to spend 24% less than it …