Post Tagged with: "DJ Basin"
Oxy Lowers Production Guidance on Legacy Anadarko Assets
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 …
One of Wyoming’s Largest Oil Companies Just Sold: Now What?
From the Casper Star-Tribune
With a $33 billion cash and stock deal, Chevron’s planned acquisition of Anadarko Petroleum will create a new super major oil firm, with uncertain impacts in Wyoming, where Anadarko represents one of the largest players in …
Big Win for Noble Energy: Colorado Greenlights 770-Well Comprehensive Drilling Plan for 64,000 Acres in Weld County
From the Denver Business Journal
Colorado regulators Monday approved an unprecedented Noble Energy Inc. plan to drill hundreds of oil and gas wells on 100 square miles of Weld County.
The plan calls for drilling as many as 772 horizontal …
DCP Ups DJ Processing Capacity with Mewbourn Opening
DCP Midstream, LP (NYSE: DCP) announced that Mewbourn 3, a new 200 million cubic feet per day (MMcf/d) natural gas processing plant is now in service ahead of all announced timelines. Mewbourn 3 is DCP’s tenth plant in the DJ …
Anadarko Q2 DJ Production Averaged 261 MBOEPD
Delaware Basin jumps 88% to 62 MBOEPD
Anadarko Petroleum Corporation (NYSE: APC) announced 2018 Q2 results, reporting net income of $29 million, or $0.05 per share (diluted). Net cash provided by operating activities in Q2 2018 was $1.23 billion.
Highlights
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Williams: Out of Four Corners and into the DJ
Williams (NYSE: WMB) has announced its midstream entry into Colorado’s DJ Basin and the exit of Williams Partners L.P. (NYSE: WPZ) from the Four Corners Area in New Mexico and Colorado.
Into the DJ
Williams and KKR & Co. (NYSE: …
SemGroup and DCP Midstream Extend Open Season
SemGroup® Corporation (NYSE:SEMG) and DCP Midstream, LP (NYSE:DCP) today announced that, due to shipper interest, they have extended by one week the binding open season for natural gas liquids (NGL) transportation service from the DJ Basin to Mont Belvieu, Texas.…
HighPoint Resources Drops Completion Time to 4.2 Days per Well; Wants to Bring Second Rig to Hereford
HighPoint Resources Corporation (ticker: HPR) reported a net income loss of $24.9 million, or $(0.20) per share for the first quarter of 2018. HighPoint produced 1.91 MMBoe in the quarter, which was at the midpoint of its guidance range of …
Encana Sees 30% Growth within Cash Flow
Encana Corporation (ticker: ECA) opened 2018 with Q1 net earnings of $151 million. This compares to Q1 2017’s net earnings of $431 million. Cash generated from operating activities reached $381 million, which compares to $106 million in Q1 2017.
Encana’s …
More Takeaway for the DJ Basin
Outrigger Energy II Enters the DJ Basin with Comprehensive Midstream System
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PetroShale Ups Production to 5,300 BOEPD, Adds Acreage
PetroShale Announces Significant Production Increase and Core Area Property Acquisition
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PetroShare Preps for April Frac at Shook Pad
DJ Basin focused PetroShare Corp. (ticker: PRHR) reported yearend proved reserves of approximately 7.9 MMBOE, a 25% increase over 2016 yearend proved reserves. The PV-10 value was about $59 million and the volume of the proved reserves is split 67% …
Bill Barrett Closes Merger with Fifth Creek Energy, Changes Name and Stock Symbol
Starting tomorrow you can call it HighPoint Resources
Bill Barrett Corporation (NYSE: BBG) has completed its strategic combination with Fifth Creek Energy Company, LLC. The merger between Bill Barrett and privately held Fifth Creek Energy closed March 19, 2018.
In …
Bill Barrett: Conference Call Reveals Fifth Creek Merger Details
Colorado-based Bill Barrett Corporation (ticker: BBG) reported Q4 and year-end results today.
For the fourth quarter of 2017, the company reported a net loss of $77.8 million, or $(0.94) per diluted share. For 2017 as a whole, the company reported …
Whiting Petroleum: 2018 CapEx of $750 Million, 100-Plus Wells Planned
Whiting Petroleum (ticker: WLL) has a 2018 capital budget of $750 million, of which $600 million will be invested in Williston Basin operations. The capital budget forecasts a production growth of 9% from Q4 2017 to Q4 2018, with an …
Anadarko Petroleum Rakes in $976 Million in Q4
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 …
Bill Barrett Q2: Producing More, Spending Less
BBG adds second rig in the DJ – company likely to exit Utah, put the capital into the DJ: Crawford
Bill Barrett Corporation (ticker: BBG) reported production at the high end of its initial Q2 guidance—with cumulative volumes of 1.53 …
Anadarko Q2: Permian Growing, GOM Production will Maintain through 2019
With its second quarter reporting, Anadarko Petroleum Corp. (ticker: APC) reported an average production of 631,000 BOEPD and said it reduced its investments by $300 million for the year. In its Delaware basin assets, Anadarko’s oil production averaged 33,000 BOPD—a …
Bill Barrett Corporation: Lower Debt, Longer Laterals
Bill Barrett Corporation (ticker: BBG) has built a core position in the Northeast Wattenberg field in Colorado’s Denver-Julesberg (DJ) Basin, where it holds 71,900 net acres. The company also has producing acreage within the Uinta Basin in Utah, numbering approximately …
Nighthawk Energy Updates Operations and Year-end Reserves
DJ basin operator Nighthawk Energy (ticker: HAWK) updated its operations, year-end reserves and cash position on Wednesday.
Year-end Reserves
Nighthawk has finalized its year-end reserve report and has received the audited Proved Developed Producing reserve report from the Company’s independent …
Noble Energy Announces 63% Year-over-Year Increase in Capital Budget
Noble Energy announces $2.3-$2.6 billion budget with a focus on liquids in the DJ, Delaware and Eagle Ford
Houston-based Noble Energy (ticker: NBL) announced the company’s capital guidance for the year, stating that the company plans to increase its spending …
Synergy Resources Divests 10,000 DJ Acres for $71 Million
Synergy will pursue further A&D opportunities in the DJ
Synergy Resources Corporation (ticker: SYRG) announced it has entered into a purchase-sale agreement with a private party to divest 10,000 net undeveloped acres and approximately 700 BOEPD of associated production for …
