Thursday, May 1, 2025

EOG

U.S. shale producer EOG pays $847 mln to settle third-quarter hedges

U.S. shale producer EOG pays $847 mln to settle third-quarter hedges

US News Shale oil and gas producer EOG Resources Inc paid $847 million during the third quarter to settle wrong-way bets on energy prices, the company said in a regulatory filing on Tuesday.   Russia’s invasion of Ukraine sent energy prices soaring since February, although they cooled off from decade highs towards the end of September. U.S. crude oil averaged

Biden's Russia-oil ban opens path for shale giants EOG, Devon to fill the gap- oil and gas 360- oil and gas 360

Biden’s Russia-oil ban opens path for shale giants EOG, Devon to fill the gap

World Oil (Bloomberg) — President Joe Biden’s ban on Russian oil imports puts new pressure on U.S. drillers to help fill a supply shortfall that has sent crude prices to the highest levels since 2008. Among them: EOG Resources Inc. and Devon Energy Corp., two shale giants that are sitting on thousands of federal drilling permits, many of which could be used to produce

EOG Resources sells saltwater disposal wells in New Mexico- oil and gas 360

EOG Resources sells saltwater disposal wells in New Mexico

Houston Chronicle Houston oil giant EOG Resources has sold nearly half of its saltwater disposal wells in the New Mexico side of the Permian Basin. EOG Resources confirmed the sale of 23 saltwater disposal wells and 300 miles of oilfield wastewater gathering pipelines in southeastern New Mexico to Dallas-based Oilfield Water Logistics. Financial terms were not disclosed but under the

https://www.reuters.com/article/us-oil-results/investors-brace-for-poor-u-s-shale-earnings-amid-weak-oil-and-gas-prices-idUSKBN1X70QG-oag360

Investors brace for poor U.S. shale earnings amid weak oil and gas prices

Source: Reuters (Reuters) – Investors are bracing for weaker results from U.S. shale players in coming days as lower oil and natural gas prices and cost-cutting measures have weighed on third-quarter operations. Major shale producers ConocoPhillips (COP.N) and Concho Resources (CXO.N) this week kick off quarterly earnings reports for a group whipsawed this year by volatile pricing and investor demands

https://www.chron.com/business/energy/article/Drilling-Down-Houston-company-makes-big-push-in-14548499.php?cmpid=ffcp-oag360

Drilling Down: Houston company makes big push in Spraberry play

Houston Chronicle Houston oil company Birch Resources is planning a big push in the Permian Basin’s prolific Spraberry field. The company is seeking permission from the Railroad Commission of Texas to develop 19 horizontal wells targeting the Spraberry at total depths ranging from 7,600 to 9,1000 feet. The project is located on the company’s Big Jay leases about 7 miles southeast of

How Big is Saudi Aramco?

By Tyler Losier, Energy Reporter, Oil & Gas 360 The staggering size of Aramco: Saudi Arabia’s state-owned oil company In 1933, the government of Saudi Arabia signed a concession agreement with the Standard Oil Company of California, creating an entity known as the California Arabian Standard Oil Company. Two years later, drilling began, and in 1938, famed geologist Max Steineke

EOG Earns $635 Million, Plans International Crude Exports

Guidance: production above, CapEx below By Richard Rostad, analyst, Oil & Gas 360 EOG Resources (ticker: EOG) announced first quarter results today, showing net income of $635 million, or $1.10 per share. EOG reported much smaller derivative losses than many E&P companies this quarter, with derivative losses of only $20.5 million. After adjusting for derivatives and other charges, EOG earned

EOG Looks Beyond the Permian and Eagle Ford

New basins claim growing share of CapEx By Richard Rostad, analyst, Oil & Gas 360 EOG Resources (ticker: EOG) announced fourth quarter results and reserves today, showing $893 million in net income, or $1.54 per share. EOG produced 764.5 MBOEPD in Q4, 430.3 MBOPD of which was crude oil from the U.S. This exceeds the high end of the company’s

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

North Dakota Oil Production – Same Players, Different Pecking Order

Continental, Whiting, others shift positions from 2 years ago The North Dakota Industrial Commission released its September 2017 oil production data this week, reporting per-well production across the state. The largest oil producers in the Bakken/Three Forks plays in North Dakota are shown in the top chart. The NDIC data from September 2015, however, delivers a shuffled order of companies

Centennial Resource Development Equity Private Placements Now Total $910 Million

Mark Papa Discusses Real Reason U.S. Oil Production Growth is Sliding

CDEV Chairman Mark Papa says tepid U.S. production growth due to running out of Tier 1 drilling locations in 2 of the 3 biggest U.S. oil basins Centennial Resource Development (ticker: CDEV) reported Q3 earnings today and CDEV Chairman and CEO Mark Papa took the occasion to express his observations about the actual reasons for a drop in growth of