Post Tagged with: "E&P"

EnerCom Dallas: a Very Positive Mood and a Full House

EnerCom Dallas: a Very Positive Mood and a Full House

Moving from Defense to Offense: industry learned how to work effectively, how to innovate during the downturn, now let’s produce

The presentation room at the Tower Club for EnerCom Dallas was overflowing Wednesday morning by the time WPX Energy (ticker: …

March 3, 2017 - 3:41 pm
U.S. Shale will Drive 30% Oilservice Spending Rebound in 2017: BI

Service Costs are on Everyone’s Mind

Themes from EnerCom Dallas: Service costs are coming up 10%-15%

EnerCom Dallas is bringing together oil and gas company executives from all across the hemisphere, and while the companies differ in many important ways, some universal concerns exist among each.

March 2, 2017 - 2:51 pm
EnerCom Dallas: Two Jam-Packed Days Ahead

EnerCom Dallas: Two Jam-Packed Days Ahead

On March 1 at 7:00 a.m. CST, the EnerCom Dallas oil and gas investment conference will open its doors, allowing institutional investors an early 2017 opportunity to hear leading independent oil and gas producers and oilfield technology companies discuss their …

February 27, 2017 - 11:15 am
SM Energy Wells on Acquired Midland Acreage Exceeding Production Estimates

SM Energy Wells on Acquired Midland Acreage Exceeding Production Estimates

SM Energy announces the results of 8 Midland wells on its recently acquired acreage

SM Energy (ticker: SM) released initial production results from eight wells drilled on acreage the company acquired from Rock Oil and QStar, saying that the …

January 31, 2017 - 2:10 pm
Double-Digit Gains in the Permian Lead Growth in the Rig Count

Double-Digit Gains in the Permian Lead Growth in the Rig Count

U.S. rig count is growing, particularly in the Permian, as OPEC appears to be complying

The United States rig count grew by 35 in the week ended January 20, 2017, according to Baker Hughes Industries (ticker: BHI). The total count …

January 20, 2017 - 5:47 pm
U.S. Rig Count Finally Exceeds Year-Ago Levels

U.S. Rig Count Finally Exceeds Year-Ago Levels

The U.S. rig count hits 665, one rig higher than at this time last year

The recovery in oil prices has spurred operators in the United States to add more rigs to the active fleet. This has pushed the total …

January 6, 2017 - 2:36 pm
U.S. Rig Count Recovers Almost Completely in 2016

U.S. Rig Count Recovers Almost Completely in 2016

U.S. rig count down 40 from the start of the year

The number of rigs drilling in the United States plummeted along with crude oil prices from the end of 2014 through the first half of this year. Lower prices …

December 30, 2016 - 3:10 pm
U.S., Canada Getting Back to Work:  North American Rig Count Jumps by 57

U.S., Canada Getting Back to Work: North American Rig Count Jumps by 57

Three U.S. plays are more active than Dec. 2015, Canadian rig count 32% higher than 2015

The number of rigs drilling in North America increased by 57 rigs over the course of the week as oil prices remain above $50 …

December 9, 2016 - 6:07 pm
Chevron announces $20 Billion Capex in 2017

Chevron announces $20 Billion Capex in 2017

70% of planned upstream projects will generate production in 2 years

California-based Chevron Corp. (ticker: CVX) announced its 2017 capital budget Wednesday.

The company will cut its capex spending for the fourth consecutive year as it focuses on short-cycle, high-return …

December 8, 2016 - 4:48 pm
Oil Comes Back to Life in Canada

Oil Comes Back to Life in Canada

Canada is expecting a 31% increase in the number of wells drilled in 2017: CAODC

Two years after the collapse in oil prices forced the oil and gas industry to scale back drilling, the Canadian Association of Oilwell Drilling Contractors …

November 22, 2016 - 5:46 pm
Concho Resources Increases Delaware Acreage with $430 Million Acquisition

Concho Resources Increases Delaware Acreage with $430 Million Acquisition

Concho Resources doubles long-lateral inventory with Red Hills bolt-on

Concho Resources Inc. (ticker: CXO) announced Monday that the company has added approximately 24,000 gross (16,400 net) acres to its norther Delaware Basin assets through a $430 million deal with an …

November 21, 2016 - 12:15 pm
Drilling in the Permian Exceeds Year-Ago Levels

Drilling in the Permian Exceeds Year-Ago Levels

U.S. rig count jumps 20 

Drilling activities continue to ramp up ahead of OPEC’s meeting November 30 as U.S. operators look to take advantage of improved oil prices and greater drilling efficiencies. The total number of rigs drilling in the …

November 18, 2016 - 4:41 pm
The Number of DUCs in the U.S. Climbs in October

The Number of DUCs in the U.S. Climbs in October

The EIA reported the number of uncompleted wells rose for the first time since July

The Energy Information Administration (EIA) released its monthly Drilling Productivity Report Monday. The November report forecasts that both oil and gas production in the United …

November 14, 2016 - 5:37 pm
A rig site in North Dakota

The Number of Oil Rigs Continues to Climb

Total U.S. rig count 568: largely unchanged, but oil rigs increase again

The number of rigs actively drilling in the United States was down one this week, but the number of rigs targeting oil continues to climb. There are 452 …

November 11, 2016 - 4:57 pm
ConocoPhillips Re-gears Company for $50 Breakeven Oil Price

ConocoPhillips Re-gears Company for $50 Breakeven Oil Price

ConocoPhillips: we can manage cycles without chasing them

ConocoPhillips (ticker: COP) held an analyst and investor meeting Thursday outlining the company’s goals moving into 2017 and beyond. COP – the 13th largest oil and gas company in the world

November 11, 2016 - 8:42 am
U.S. Rig Count Up 12; Permian Snags 6 of Them

U.S. Rig Count Up 12; Permian Snags 6 of Them

U.S. producers continue to put rigs back to work, weakening prices

Oil prices were down today as U.S. producers continue to ramp up production and put more rigs back to work, and markets remain concerned about whether or not OPEC …

November 4, 2016 - 5:33 pm
Source: Rosneft

Shell Reports $2.8 Billion Profit, but Management Says Global Outlook Remains Uncertain

Shell posts the largest profit of any major yet in Q3, but management said the industry isn’t out of the woods yet

Royal Dutch Shell (ticker: RDSA) reported a larger profit than any of the other international oil majors to …

November 1, 2016 - 6:27 pm
Anadarko Finding Growth in the Three Ds: Delaware, DJ and Deepwater

Anadarko Finding Growth in the Three Ds: Delaware, DJ and Deepwater

Anadarko increases its sales volume guidance 8 MMBOE as the company streamlines assets

Anadarko Petroleum Company (ticker: APC) announced its third-quarter results today, placing an emphasis on investing in assets the company feels offer it the best returns: the Delaware …

November 1, 2016 - 6:01 pm
Photo: Free Range Longmont -- Drilling near Mead, Colorado

Permian Drilling Continues to Push the Rig Count Higher

The U.S. added 14 more rigs to its active fleet this week

The active rig count in the United States continued to climb this week as oil prices remained above $50 per barrel. The majority of the new activity came …

October 21, 2016 - 4:53 pm
U.S. Production Expected to Decline Even as Efficiencies Improve

U.S. Production Expected to Decline Even as Efficiencies Improve

EIA report predicts production to drop in every region except the Marcellus and the Permian

The Energy Information Administration released its monthly drilling report Monday forecasting production will fall throughout many of the basins in the United States in November …

October 17, 2016 - 5:29 pm
Natural Gas Drilling Up as Prices Rise Above $3 in October

Natural Gas Drilling Up as Prices Rise Above $3 in October

Natural gas drilling is picking up, with Baker Hughes reporting 11 more rigs this week

Natural gas prices have increased more than 72% in the last six months, and the stronger economics have spurred more drilling, according to information …

October 14, 2016 - 5:08 pm
Rigs Continue to Climb with Oil Price

Rigs Continue to Climb with Oil Price

U.S. rig count up 2

The U.S. rig count continued to rise this week as both WTI and Brent went above $50 per barrel. Both crude oil bench marks were down over 1% Friday, but Baker Hughes Industries (ticker: BHI) …

October 7, 2016 - 5:49 pm
Baker Hughes Rig Count:  U.S. Up 11, Canada Up 24 since Last Week

Baker Hughes Rig Count: U.S. Up 11, Canada Up 24 since Last Week

Canadian Oil Drilling is More Active than a Year Ago

Drilling activity is picking up in North America as oil prices continue to climb higher this week. The latest information from Baker Hughes Industries (ticker: BHI) shows the U.S. added …

September 30, 2016 - 6:22 pm
Oil Prices Go Up after 2017:  EIA

Oil Prices Go Up after 2017: EIA

NatGas Use in Electricity Generation Soars through 2040: EIA Report

The U.S. Department of Energy’s Energy Information Agency released its newest comprehensive report today, its Annual Energy Outlook 2016. As to the agency’s projections for oil and gas prices and …

September 15, 2016 - 6:24 pm
Here’s Why You Should Pay Attention to Oakspring Energy

Here’s Why You Should Pay Attention to Oakspring Energy

Understanding the Technical Challenges behind Horizontal Resource Plays

Oakspring Energy was one of the presenting companies at EnerCom’s The Oil & Gas Conference® 21 in Denver in mid-August. Oakspring’s Chief Operating Officer Brad Gale discussed his company’s methods for analyzing …

August 31, 2016 - 1:38 am
The Oil and Gas Supercycle

The Oil and Gas Supercycle

How E&Ps and OilService Firms Navigate in Tandem

James Constas, Managing Director of EnerCom spoke at The Oil and Gas Conference 21 on Thursday morning. Constas spoke about the cyclical nature of the oil and gas cycle, the dynamics of …

August 19, 2016 - 1:16 pm
A rig site in North Dakota

U.S. Rig Count Continues its Climb

Rig counts continue to climb while oil prices retreat

After yesterday’s bottom fell out for oil and prices hover near the $45 per barrel mark, the U.S. rig count continues to increase. The total number of rigs actively drilling this …

July 8, 2016 - 5:19 pm
U.S. Production Sees Largest Monthly Decline since the Start of the Downturn

U.S. Production Sees Largest Monthly Decline since the Start of the Downturn

U.S. production falls 220 MBOPD in April

U.S. production has remained surprisingly resilient amid the fall in oil prices, but data from the EIA today showed that production is beginning to come off at an increasingly fast pace. Total U.S. …

June 30, 2016 - 5:04 pm
U.S. Rig Count Resumes Decline

U.S. Rig Count Resumes Decline

Total U.S. rig count falls by three to 421 as oil prices struggle to stay above $50 per barrel

After three weeks of slowly increasing, the U.S. rig count posted a loss for the week ended June 24, 2016. The …

June 24, 2016 - 4:57 pm
WPX: Can History Repeat Itself? – An Oil & Gas 360® Exclusive Interview with WPX CEO Rick Muncrief

WPX: Can History Repeat Itself? – An Oil & Gas 360® Exclusive Interview with WPX CEO Rick Muncrief

A story of tremendous growth

In today’s oil price environment in particular, oil and gas companies are looking for ways to drive growth while at the same time becoming highly efficient at conducting their operations.

Few energy executives have been …

June 21, 2016 - 4:04 pm