Post Tagged with: "earnings call"

Superior Energy Brings More Frac Fleets Online

Superior Energy Brings More Frac Fleets Online

Superior Energy Services, Inc. (NYSE: SPN) announced a net loss for Q2 2018 of $25.4 million on revenue of $535.5 million, much improved from Q1’s loss of $59.9 million on revenue of $482.3 million.

Superior reports that most of this …

Baker Hughes 2Q: Orders Rose 15% Sequentially, 9% Annually

Baker Hughes 2Q: Orders Rose 15% Sequentially, 9% Annually

Financial Highlights

  • Orders of $6.0 billion for the quarter, up 15% sequentially and up 9% year-over-year on a combined business basis
  • Revenue of $5.5 billion for the quarter, up 3% sequentially and up 2% year-over-year on a combined business basis
Schlumberger Sees Sequential Revenue Increase

Schlumberger Sees Sequential Revenue Increase

Schlumberger (NYSE: SLB) reported results for the second quarter of 2018 highlighted by sequential revenue increases and the mobilization of 29 new rigs for its international drilling business.

The company also said it had removed one complete layer of its …

179% Increase in Tools Sales for Superior Drilling Products’ Q2 Update

179% Increase in Tools Sales for Superior Drilling Products’ Q2 Update

During its second quarter, Superior Drilling Products (ticker: SDPI) reported revenue of $4.0 million, up from $2.9 million in the previous year’s Q2. The company’s net income was $0.3 million for Q2, up $3.4 million from a Q2, 2016 loss.…

EnerCom Conference Presenters:  Eco-Stim Energy Solutions Revenue Up 233%, Bellatrix Production Up to 38,000 BOEPD

EnerCom Conference Presenters:  Eco-Stim Energy Solutions Revenue Up 233%, Bellatrix Production Up to 38,000 BOEPD

Two companies, Eco-Stim Energy Solutions and Bellatrix Exploration, that are presenting at EnerCom’s The Oil & Gas Conference® have announced Q2 earnings and updates.

Eco-Stim Energy Solutions

Eco-Stim Energy Solutions (ticker: ESES) announced during its Q2 earnings call that …

5 EnerCom Presenters Report Q2

5 EnerCom Presenters Report Q2

Oil & Gas Conference® presenters Lonestar, Resolute, Carrizo, Black Stone, Denbury report a busy quarter

Lonestar Resources

During its second quarter, Lonestar Resources (ticker: LONE) indicated that its production had risen by 7% above Q1 volumes. The company averaged …

Approach, Eclipse, Unit Corp. Report Q2

Approach, Eclipse, Unit Corp. Report Q2

Approach Resources

Approach Resources (ticker: AREX) exceeded its production guidance for Q2, with production at 11.9 MBOEPD, and dropped its lease operating cost below guidance as well, at $3.92 per BOE.

Approach drilled a total of eight wells and completed …

EOG Resources Earns $23 Million in Q2

EOG Resources Earns $23 Million in Q2

EOG Resources (ticker: EOG) had a Q2 net income of $23.1 million. A year ago, during the same quarter of 2016, the company reported a net loss of $292.6 million.  EOG’s oil production grew to 334,700 BOPD during Q2, a …

Bill Barrett Q2: Producing More, Spending Less

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 …

With Big Players Come Big Rig Counts: XOM, COP, CVX Report Q2

With Big Players Come Big Rig Counts: XOM, COP, CVX Report Q2

In the past two days ExxonMobil Corporation (ticker: XOM), Chevron Corporation (ticker: CVX), and ConocoPhillips (ticker: COP) all reported second quarter earnings and gave operational updates.

ExxonMobil

ExxonMobil earned $3.4 billion in Q2, which brought the company’s earnings for the …

Dow Chairman Looks at Oil Prices, NGLs, Ethane Rejection

Dow Chairman Looks at Oil Prices, NGLs, Ethane Rejection

Chem Giant Planning for Growth in 2015

“We believe lower oil prices are a relative positive for Dow and a boost for the global economy.”

“The old view of forecasting five years out almost seems to be out the door.”