Oasis Petroleum Inc. (ticker: OAS) reported net income attributable to Oasis of $124.6 million in the fourth quarter of 2017. Fourth quarter 2017 results included a benefit of $171.9 million due to the recently enacted Tax Cuts and Jobs Act.…
LINN Energy, Inc. (ticker: LNGG) reported its 2017 results today and provided details on its announced split into three entities.
“Through our successful divestiture program of almost $2.0 billion, we have extinguished all our debt, executed on our share repurchase …
Haynesville producer Comstock Resources, Inc. (ticker: CRK) produced 22 Bcf of natural gas and 214,000 barrels, or 23.5 Bcfe in the fourth quarter of 2017.
Natural gas production averaged 241 MMcf/d, reflecting growth of 90% from pro forma natural gas …
Carrying on from Q4, all 14 of Houston-based Independence Contract Drilling, Inc.’s (ticker: ICD) ShaleDriller rigs are currently contracted and operating under term contracts.
As of December …
In the fourth quarter of 2017, Unit Corporation (ticker: UNT) recorded a net income of $89.2 million, this compares to a net income of $1.7 million for Q4 2016. $81.3 million of the net income was accounted for as a …
Cabot Oil & Gas Corporation (ticker: COG) produced 685.3 Bcfe in 2017. The production mix consisted of 655.6 Bcf of natural gas, 4,440.9 Mbbls of crude oil and condensate and 512.1 Mbbls of NGLs.
Cabot incurred a total of $757.2 …
Energen Corporation (ticker: EGN) released financial and operating results for the fourth quarter and calendar year ended December 31, 2017.
“Over the last five years, the board and management have strategically divested non-core assets and transformed Energen into a low-cost …
PetroQuest Energy, Inc. (ticker: PQ) has new results from its horizontal Cotton Valley drilling program in East Texas.
The company recently completed two wells (PQ #29 – 52% NRI and PQ #30 – 59% NRI) which established a cumulative maximum …
Laredo Petroleum, Inc. (ticker: LPI) has released its Q4 and full-year 2017 results. For the fourth quarter of 2017, the company reported net income attributable to common stockholders of $408.6 million, or $1.70 per diluted share – this included a …
Precision Drilling Corporation (ticker: PDS) had fourth quarter 2017 revenues of CDN$347 million, an increase of 15% over Q4 2016. Precision posted a Q4 2017 net loss of CDN$47 million, or (CDN$0.16) …
Occidental Petroleum Corporation (ticker: OXY) reported net income of $497 million, or $0.65 per diluted share, for the fourth quarter of 2017, compared with $190 million, or $0.25 per diluted share, for the third quarter of 2017.
Core income for …
Antero Resources (ticker: AR) spent $1.282 billion on drilling and completions in 2017. The company invested $204 million for …
Diamondback Energy, Inc. (ticker: FANG) pulled in a net income of $115 million in the fourth quarter of 2017, or $1.16 per diluted share. Diamondback spent $246 million on drilling, completions, non-operated properties and $61 million on infrastructure in the …
Denbury Resources Inc. (ticker: DNR) released its preliminary year-end 2017 proved reserves, production and capital expenditures, along with its 2018 capital budget and estimated annual production.
Denbury’s production averaged 61,144 BOEPD (97% oil) during the fourth …
Advantage Oil & Gas Ltd. (ticker: AAV) released Q4 2017 and year-end 2017 results today. The company added reserves, increased annual production by 16% and spent $249 million in 2017.
PDP reserves increased 27% due to the recognition …
Southwestern Energy Company (ticker: SWN) will be going deeper into the Appalachian once again in 2018. The plan includes drilling 100-120 wells, completing 105-125 wells and placing 125-145 wells to sales.
In 2017, SWN had a total net …
CNOOC Limited (ticker: CEO) plans to target 470-480 MMBOE for its net production goal in 2018. The geographic production areas are split between China (64%) and overseas (36%). The company’s net production for 2017 stood at approximately 469 MMBOE. As …
Gulfport Energy Corporation (ticker: GPOR) has announced that:
The 2018 …
SilverBow Resources, Inc. (ticker: SBOW) recently announced its 2018 capital program of $245-$265 million. For 2018, SilverBow said that total company production is projected to average 175-195 MMcfe/d, an increase of approximately 25-40% from 2017 levels. This projection has been …
BP p.l.c. (ticker: BP) will bring five major upstream projects online in 2018. The projects span the globe, …
Halliburton Company (ticker: HAL) announced a loss from continuing operations of $805 million, or ($0.92) per diluted share, for the fourth quarter of 2017. Adjusted income from continuing operations for the fourth quarter of 2017, excluding charges related to United …
Superior Drilling Products, Inc. (ticker: SDPI) will be presenting at the EnerCom Dallas oil and gas investor conference. Superior is a drilling tool technology company based in Vernal, Utah.
GeoPark Limited (ticker: GPRK) is a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru.
The company has 29 blocks in nine basins across five countries …
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 …
On October 23, 2017 PetroQuest Energy, Inc. (ticker: PQ) announced the results from its horizontal Cotton Valley drilling program in East Texas. PQ reported that three of their Cotton Valley Wells combined are producing approximately …
A report by Seaport Global indicated that, since monthly numbers for drilled and completed wells bottomed out in mid-2016, the number of wells drilled and completed has made a significant comeback but have not come close to pre-crash levels in …
According to a report from the American Petroleum Institute this week, estimated total wells drilled and completed in the second quarter of 2017 increased 62 percent compared to the second quarter of 2016.
This includes a 41 percent increase in …
