Eagle Ford Archives - Page 5 of 15

EOG on a Roll: 9500 Locations, 40 Rigs, 20 Frac Spreads, 720 Planned Completions for 2018

November 2, 2018

EOG Resources (ticker: EOG) reported its Q3 results Thursday, and held its earning call today. Highlights from the Q3 Results include: Raised 2018 Capex Guidance Range to $5.8-$6.0 billion. Third quarter 2018 net income of $1.2 billion, or $2.05 per share. Q3 operating revenues/other of $4.8 billion. To read the complete earnings release, please refer to this link. Heard on the call Chairman

Schlumberger CEO Sees Temporary U.S. Frac Slowdown

October 22, 2018

Schlumberger CEO Kibsgaard says several key customers said they will lay down all their frac fleets from middle November until middle January No slowdown in international Houston-based oilfield services giant Schlumberger (ticker: SLB) reported its Q3 results Friday and CEO Paul Kibsgaard made some interesting comments on the call about the company’s projections for frac activity in the U.S. seeing

WildHorse Bolts on 20,000 Acres

September 21, 2018

Eagle Ford footprint approaches 430,000 acres WildHorse Resource Development Corporation (ticker: WRD), an independent oil and natural gas company based in Houston TX, announced yesterday it closed on two separate purchase and sale agreements. The combined total acreage is 20,305 net acres in the Eagle Ford and Austin Chalk plays, with other intervals. Production is 39 Boe/d across Burleson, Brazos,

WildHorse Resource Development Reports Strong Q2 Margins As Eagle Ford Pure Play

August 9, 2018

WildHorse is Presenting Tuesday, August 21st at the EnerCom Conference WildHorse Resource Development Corporation (NYSE: WRD) reported on operating and financial results for the three months ended June 30, 2018. Some of the operational highlights from its second quarter 2018 included an Increased average daily production by 107% to 46.7 MBOEPD compared to 22.6 MBOEPD for the second quarter 2017,

Heard on the Call: SM Energy Building Permian Momentum with Merlin-Maximus

August 6, 2018

SM Energy Recently held its Q2 Earnings Call. Selected excerpts from the call are below. Q: As we look at CapEx coming down a little bit in the fourth quarter and a large pad looking to start up sometime during the first quarter, realizing that can move around, what’s the thoughts around the potential for fairly lumpy growth as you

Chesapeake: PRB is the New Growth Engine

August 1, 2018

Chesapeake Energy Corporation (NYSE:CHK) reported financial and operational results for the 2018 second quarter. Highlights Net loss available to common stockholders of $40 million, or $(0.04) per diluted share Adjusted net income attributable to Chesapeake of $139 million, or $0.15 per diluted share Average production of approximately 530 MBOEPD up 8% YOY Average oil production of approximately 90 MBOEPD, up

The U.S. Geological Survey has confirmed that four low-magnitude earthquakes have taken place over the past two weeks in the Eagle Ford Shale of South Texas. Oil & Gas 360

USGS Now Estimates 8.5 Billion Barrels of Oil, 66 Tcf of NatGas in the Eagle Ford

June 26, 2018

Also 1.9 billion barrels of natural gas liquids The United States Geological Survey has released a new assessment upping its estimate of the volumes of hydrocarbons in the Eagle Ford Group of Texas. The USGS said the formation contains an estimated means of 8.5 billion barrels of oil, 66 trillion cubic feet of natural gas, and 1.9 billion barrels of

First Reserve to Sell Eagle Ford Acreage to Venado Oil & Gas

June 4, 2018

Private equity firm First Reserve is selling approximately 23,000 net Eagle Ford acres held by Texas American Resources to an affiliate of Venado Oil & Gas LLC. Texas American Resources Company has focused on operating and exploiting multiple formations including the Austin Chalk, Eagle Ford, Buda, San Miguel and Olmos. Concurrent with the closing of First Reserve’s original investment, Texas

CEO Says It’s Getting Tough for Smaller Drillers

May 30, 2018

From the San Antonio Express-News Pipeline bottlenecks in the Permian Basin are hurting prices for cash-strapped producers Bob Watson said his company is in the process of selling its Eagle Ford land, which totals more than 14,000 acres, according to a March filing with the Securities and Exchange Commission. Watson spoke Tuesday at an Association for Corporate Growth Central Texas event

Lonestar Resources Hits 10 MBOEPD in April, Increases Full Year Guidance

May 14, 2018

Texas-based E&P Lonestar Resources US Inc. (ticker: LONE) reported a net loss attributable to its common stockholders of $18.5 million, or ($0.75) per share in Q1 2018. The company produced 7,777 BOEPD on average in the quarter. CEO Frank D. Bracken, III, said, “In the first quarter, production increased by 48% and realized prices after hedging rose 24%, resulting in

SM Energy Expects to Produce up to 44.9 Million BOE in 2018

April 18, 2018

100% year-over-year growth in Midland Basin production; realized price is SM’s highest level in 14 quarters: $37.76/BOE average Midland Basin operations up to nine rigs and five completions crews; SM expects to double completions in Q2 The Midland Basin produced strong results for Texas-focused SM Energy Company (ticker: SM) in the first quarter of 2018. In a brief update, the

What’s Worth More to the State of Texas—Land or Oil?

SM Energy Divestment of $792 Million Non-Core Assets Will Drive 30% Debt Reduction

April 4, 2018

Out of the Williston Midland- and Eagle Ford-focused SM Energy Company (ticker: SM) sold its remaining assets in the Williston Basin and third-party operated assets in Upton County, Texas. The combined sale generated $292.3 million, but the buyers have not been disclosed. President and CEO Jay Ottoson said, “We are committed to our strategy to focus on development of our

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