Oasis Petroleum Inc. provides return of capital plan, announces preliminary 2021 results, and issues 2022 outlook
February 10, 2022
Oasis Petroleum Inc. Provides Return of Capital Plan, Announces Preliminary 2021 Results,…
Oil and Gas Spending Cuts are Inevitable for 2016 – Will Production Follow?
December 9, 2015
Budget layouts and capital expenditure plans for 2016 are trickling onto the newswires, with EQT Corp. (ticker: EQT), Noble Energy (ticker: NBL) and PDC Energy (ticker: PDCE) all unveiling their plans within the week. To date, the plans are mirror images of 2015: less spending, more production. Spending for 2015 was significantly below 2014 levels. Based on EnerCom’s E&P Weekly Benchmarking
Capital Markets Remain Hot for Oil & Gas Companies
May 29, 2015
More than $3.2 billion in capital raises were either announced or closed this week by three separate oil and gas companies. The largest raise comes from SandRidge Energy (ticker: SD) at a price of $1.25 billion of 8.75% senior notes, including the greenshoe announced on May 29, 2015. Other entities tapping the capital markets were MarkWest Energy Partners (ticker: MWE)
ConocoPhillips Trims Capital Budget thru 2017
March 17, 2015
Updated 2015 Guidance is 31% Below 2014 Expenditures ConocoPhillips (ticker: COP) has revised its capital plan to $11.5 billion per year through 2017, according to a news release issued on March 17, 2015. COP had originally set its 2015 budget at $13.5 billion in a December 2014 announcement but trimmed the estimate to $11.5 billion in its Q4’14 results. The flat
Capital Raises Accelerating as E&Ps Dig in for a Tumultuous 2015
March 3, 2015
The cycles of the oil and gas market are inevitable, and throughout its history the industry has consistently recovered from downturns even as severe as the one we are experiencing today. Although the market swings are hardly ever uniform, independent E&Ps are engaging in various methods to weather the current downturn. Industry experts like Tom Petrie, Chairman of Petrie Partners,
Capital Spending News
February 13, 2015
Updates from March 3, 2015 include: Anadarko Announces 2015 Capital Program And Guidance – Click for release. Recap: 2015 guidance of $5.4 to $5.8 billion, down roughly 40% from 2014’s total of $9.3 billion. U.S. onshore activity will get the brunt of the pullback, with APC reducing its short-cycle activity by 40% and deferring the completion of 125 wells. Initial production
