EnerCom Dallas 2017 Archives - Page 2 of 3

From Latin America to Northern Canada, EnerCom Dallas Presenters Cover the Hemisphere

February 24, 2017

EnerCom Dallas brings together the investment community with the oil and gas industry’s top management teams Oil and gas companies from around the world are preparing to gather in Dallas next week for EnerCom’s investor conference, designed to offer healthy dialogue and informal networking opportunities for investment professionals and oil and gas company senior management teams. Ahead of the conference, which

Manitok Energy and 7.1 MBOEPD Record Production Head to Dallas

February 24, 2017

Calgary-based Manitok Energy Inc. (ticker: MEI) announced in December that the company has set a new production record. Manitok is currently producing at levels exceeding 7.1 MBOEPD (40% light oil and liquids), based on field estimates, surpassing its previously announced record production of 6.5 MBOEPD. Manitok attributed the increased production to three wells that the company brought on production in southeast

The Right Acquisition Accelerated Tamarack Valley’s 2017-18 Plans

February 23, 2017

An Oil & Gas 360® exclusive interview with Tamarack Valley CEO Brian Schmidt For Calgary-based Tamarack Valley Energy (ticker: TVE), being patient during the downturn paid off in spades. “We paid very close attention to the downturn itself. We knew we had to be patient to find the right property. Our criteria were really quite specific: anything we bought had

Pioneer Natural Resources: How to Grow Production 15% in a Downcycle

February 23, 2017

Pioneer Natural Resources continues to escalate the size of completions in the Permian The last year proved to be a difficult time for many oil and gas companies, but many were able to prosper even as oil prices hit multi-year lows and began a slow recovery through the second half of the year. Pioneer Natural Resources (ticker: PXD) was able

Core Laboratories is Pushing the Unconventional Decline Curve

February 23, 2017

Core Laboratories is introducing technology to boost IRR and EUR for unconventional recovery Many conventional technologies have been developed in the pursuit of increasing the overall amount of hydrocarbons that can be produced from any given well. Among the most commonly used is Enhanced Oil Recovery (EOR), in which an injection well is used to pump gases like Natural Gas,

The Marcellus’ Largest Producer Sees Margins Improving 40% in 2017

February 23, 2017

Range Resources forecasts production growth of 33%-35% for 2017 Range Resources (ticker: RRC) announced it 2017 capital plan Wednesday along with its fourth quarter and year-end financial results, forecasting production of 2.1 Bcfe/d in 2017, an increase of 33%-35% over 2016. The company plans to achieve that growth target with a capital program of $1.15 billion, two-thirds of which will

Unit Corp. Announces Net Income in the Fourth Quarter

February 23, 2017

Unit Corp. records net income of $0.03 per share in Q4 2016 Gulf Coast/Mid-Con producer Unit Corporation (ticker: UNT) reported fourth quarter and year-end results Thursday, saying the company generated net income of $1.7 million in the final quarter of 2016. On a per-share basis, the income equates to $0.03 per share, compared to a $6.29 per share loss in

Comstock Resources: 70%-100% IRR Drives Gas Producer to the Haynesville

February 23, 2017

Comstock operating cash flow to fund 40% natural gas production growth The Permian has exploded in popularity in the last few years with many different E&P companies currently increasing development in the region. However, the Permian is not the only basin that has seen an activity increase in the last year. In fact, rigs active in the Permian have increased

Oil Industry Demand for Tech Booming: Flotek

February 22, 2017

Flotek looks to core business in 2017 While the current industry downturn adversely affected E&P companies, it caused a tightening in service companies, with thousands of their employees being laid off. But as commodity prices recover somewhat, remaining in the $50s per barrel range, service companies are becoming more optimistic about future prospects. Flotek Industries (ticker: FTK), a chemical technology company,

Granite Oil Corp. Delivers Record 2016 Year End Reserve Metrics

February 22, 2017

Granite Oil: presenting company at EnerCom Dallas Granite Oil Corp. (ticker: GXO) published results of the independent reserves report prepared by Sproule Associates Limited at December 31, 2016. During 2016, Granite invested approximately $21.5 million of estimated capital expenditures (unaudited), all organically, into its 100%-owned Bakken asset. This represents a 48% decrease in year over year capital expenditures as the

Coming Back Stronger, Goodrich has Haynesville Success

February 21, 2017

Restructuring deleveraging gives Goodrich a strong growth opportunity On April 18, 2016, in the depths of the downturn, Goodrich Petroleum (ticker: GDPP) declared bankruptcy. At the time, the company was facing $500 million in debt and the lowest oil and gas prices in more than a decade. The restructuring proceedings and commodity price recovery, however, have left the company with

Delaware Bound: Transformed WPX Looks to Wolfcamp in 2017

February 21, 2017

WPX will execute on changes made in 2015, 2016 After its transformational years of 2015 and 2016, WPX Energy (ticker: WPX) plans to take advantage of its Delaware basin opportunities in 2017 and 2018. During the challenging environment of the downturn, WPX made many changes to reposition itself. In 2015 the company transitioned from a gas-heavy asset base, with only

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