Devon’s early ’18 production from Delaware, STACK up 20% over 2017 average Devon Energy Corp. (ticker: DVN) accelerated production growth in early 2018. The company’s Delaware Basin and STACK assets are producing approximately 195,000 BOEPD. The combined daily production rates from these two assets represent a 10% increase over the fourth quarter of 2017, and a ~20% increase compared to
Hess Corporation (ticker: HES) reported a net loss of $2.677 billion, ($8.57) per share, in the fourth quarter of 2017. For reference, the company had a net loss of $4.892 billion in the fourth quarter of 2016. Fourth quarter 2017 results reflect net after-tax charges totaling $2.373 billion, including a non-cash accounting charge of $1.7 billion, the company said. This
Firm sees E&P borrowing on the rebound – failure rate will improve from a dismal 91% in 2016 to 26% in 2019 In March 2016, the Office of Comptroller of the Currency (OCC) issued the “Oil and Gas Exploration and Production” booklet of the Comptroller’s Handbook. The 2016 edition updates and replaces the guidelines issued in the OCC’s April 2014
