Post Tagged with: "fracing"

Vermilion Energy Increases Dividend, Reduces Debt

Vermilion Energy Increases Dividend, Reduces Debt

International producer Vermilion Energy Inc. (ticker: VET) increased production by 8% from Q3 2017, reaching an average of 72,821 BOEPD in Q4 2017.

For Q4 2017, Vermilion Energy reported net earnings of $8.645 million, or $0.07 per share. This compares …

Eclipse Resources Plans 33 Super Laterals for 2018

Eclipse Resources Plans 33 Super Laterals for 2018

Eclipse Resources Corporation (ticker: ECR) had a net income for 2017 of $8.5 million, or $0.03 per share. For reference, the company had a net loss of $206.7 million, or $(0.86) per share for 2016.

The fourth quarter of 2017 …

WPX Grows Oil Production 47% in Q4, Forecasts $1 Billion 2018 Drilling CapEx

WPX Grows Oil Production 47% in Q4, Forecasts $1 Billion 2018 Drilling CapEx

WPX Energy (ticker: WPX) reported Q4 2017 oil volumes of 75,200 BOPD, which was 68% higher than a year ago, and 16% higher than Q3 2017.

WPX’s first two North Sunday Island wells in the Williston Basin have 120-day cumulative …

Concho Resources Produces 70 MMBOE

Concho Resources Produces 70 MMBOE

Concho Resources Inc. (ticker: CXO) produced 19 MMBOE in Q4 2017, an average of 211 MBOEPD. This is 28% more than Q4 2016 and 9% more than Q3 2017. Average daily crude oil production for fourth-quarter 2017 totaled 130 MBOPD, …

PetroQuest: Two Cotton Valley Wells Completed

PetroQuest: Two Cotton Valley Wells Completed

PetroQuest Energy, Inc. (ticker: PQ) has new results from its horizontal Cotton Valley drilling program in East Texas.

The company recently completed two wells (PQ #29 – 52% NRI and PQ #30 – 59% NRI) which established a cumulative maximum …

February 20, 2018 - 12:13 pm Closing Bell Story‎, Fracing
Occidental Petroleum Averaged 621 MBOEPD in Q4

Occidental Petroleum Averaged 621 MBOEPD in Q4

Occidental Petroleum Corporation (ticker: OXY) reported net income of $497 million, or $0.65 per diluted share, for the fourth quarter of 2017, compared with $190 million, or $0.25 per diluted share, for the third quarter of 2017.

Core income for …

Antero Resources: Longer, Faster Marcellus Laterals

Antero Resources: Longer, Faster Marcellus Laterals

Antero spent $1.28 billion on drilling and completions in 2017, producing an average of 2,253 MMcfe/d

Antero Resources

Full-year and Q4 2017 spending

Antero Resources (ticker: AR) spent $1.282 billion on drilling and completions in 2017. The company invested $204 million for …

Warburg Pincus Earmarks $300 Million for New Permian E&P

Warburg Pincus Earmarks $300 Million for New Permian E&P

Ridge Runner Resources, LLC is a new E&P focused on the Delaware Basin

The new company has received a line of equity financing of up to $300 million from funds affiliated with Warburg Pincus. The company will be led by …

Sanchez Energy Grows Proved Reserves by 88%, Sets Production Record

Sanchez Energy Grows Proved Reserves by 88%, Sets Production Record

Sanchez Energy Corporation (ticker: SN) released year-end 2017 proved reserves and operating results for the fourth quarter and full year 2017.

Highlights

  • Proved reserves increased by 88% during the year to approximately 363 MMBoe, with a reserve replacement ratio of
Laredo Petroleum 2017 Production Hits 21.3 Million Barrels

Laredo Petroleum 2017 Production Hits 21.3 Million Barrels

Laredo Petroleum, Inc. (ticker: LPI) released several new reports today, including estimated annual production, year-end reserve estimates and the company’s projected 2018 CapEx.

Year-end 2017 reserves and operating results highlights

  • 17% increase in production in 2017 to a company record
EnerCom Dallas 2018 Presenter: Goodrich Petroleum Corporation

EnerCom Dallas 2018 Presenter: Goodrich Petroleum Corporation

Goodrich Petroleum Corporation (ticker: GDP) is an independent E&P headquartered in Houston, Texas with operations in Texas, Louisiana and Mississippi.

The company’s preliminary capital expenditure budget for 2018 stands at $65 to $75 million and will be directed towards the …

PetroQuest Energy to Present at EnerCom Dallas 2018

PetroQuest Energy to Present at EnerCom Dallas 2018

EnerCom Dallas presenting company PetroQuest Energy (ticker: PQ) was founded in 1985 as a Gulf Coast oil and gas company. From 1985 to 2002 PetroQuest grew its reserves located principally onshore in Louisiana and offshore in the Gulf of Mexico. …

Source: http://www1.nyc.gov/office-of-the-mayor

New York City Plans to Sell $5 Billion of Fossil Fuel Pension Holdings, Sues Oil Majors

Mayor Bill de Blasio, Comptroller Scott M. Stringer and other trustees of the city’s $189 billion pension funds announced today a plan to divest city funds from fossil fuel reserve owners within five years, which would make New York City …

Crescent Point Energy Looks to Exit 2018 with 195,000 BOEPD

Crescent Point Energy Looks to Exit 2018 with 195,000 BOEPD

Uinta HZ inventory climbs to 850 net locations

Crescent Point Energy Corp. (ticker: CPG) expects to generate annual average production of 183,500 BOEPD and exit production of 195,000 BOEPD in 2018. The increase will be fueled from its $1.8 billion …

Permian: Oil, Water Producers Learn How to Comply with New Mexico Mandate to Reduce Ogallala Freshwater Use

Permian: Oil, Water Producers Learn How to Comply with New Mexico Mandate to Reduce Ogallala Freshwater Use

From the Carlsbad Current-Argus

Many oil and gas operators and water producers in the Permian Basin region are adjusting their operations to conserve water from one of the country’s largest underground aquifers, six months after the New Mexico State Land …

West Texas Landowners: Is Permian Fracing Volume Straining Groundwater Supply?

West Texas Landowners: Is Permian Fracing Volume Straining Groundwater Supply?

From The Texas Observer

Charles Phillips was in his pasture one day last year when he heard the sound. At 85, Phillips doesn’t hear as well as he used to, but he had no problem picking up the unmistakable squeal …

December 11, 2017 - 7:41 am Closing Bell Story‎, Energy News, Fracing
Shale in the United Kingdom

Shale in the United Kingdom

Current production and consumption

The UK government released an industrial strategy white paper this week, giving a small hint about the future of fracing with the British Empire. The white paper revealed that the UK government is still considering shale …

Delaware River Basin Commission Approves Resolution to Issue Draft Regulations that Consider Prohibitions on Oil & Gas Development in the Delaware River Basin

Delaware River Basin Commission Approves Resolution to Issue Draft Regulations that Consider Prohibitions on Oil & Gas Development in the Delaware River Basin

Resolution approved by Delaware, New York and Pennsylvania governors authorizes rulemaking that will consider possible prohibitions on horizontal drilling and fracturing in Delaware River basin

On September 13, 2017 the Delaware River Basin Commission (DRBC)  announced a vote in favor …

September 15, 2017 - 4:03 pm Closing Bell Story‎, Law, Oil and Gas 360 Articles
Edge of the Wattenberg: Colorado: Weld County Just Created its Own Oil & Gas Department

Edge of the Wattenberg: as Moratorium Expires Crestone Peak Attempts to bring Drilling Back to Boulder County

Crestone Peak applied to drill 216 wells in Boulder County

Judge dismisses Colorado Attorney General’s lawsuit v. Boulder County after moratorium expires on May 1

Local control is alive and well in Boulder County

By Bevo Beaven, Editor, Oil &

U.K. Approves Western Europe’s First Fracing Permit in Five Years

U.K. Approves Western Europe’s First Fracing Permit in Five Years

The North Yorkshire County Council approved a fracing permit for an existing well

Privately held Third Energy received the first approval to use hydraulic fracturing in Western Europe since 2011 this week. The North Yorkshire County Council voted 7-4 allow …

Wyoming Governor Matt Mead Discusses Federal Oil and Gas Regulation with Oil & Gas 360®

Wyoming Governor Matt Mead Discusses Federal Oil and Gas Regulation with Oil & Gas 360®

The battle over oil and gas regulation heats up in Wyoming – states v. feds

The Department of Interior’s Bureau of Land Management recently filed in the 10th Circuit Court of Appeals looking to end an injunction placed against …

BLM Appeals Wyoming Judge’s Injunction to Halt BLM’s New Frac Rules

BLM Appeals Wyoming Judge’s Injunction to Halt BLM’s New Frac Rules

The Department of Interior’s fracing regulations paused by Wyoming judge

A group including several states and Native American tribes filed their final briefs with a Wyoming judge today to stop new federal rules regarding hydraulic fracturing. The U.S. Department of …

The Anti-Fracing Battle Heats Up in Colorado

The Anti-Fracing Battle Heats Up in Colorado

A ballot initiative that would create 2,500 foot setbacks is approved for signature collection

Proposed ballot measure 78 was approved for signature gathering by the Colorado Secretary of State’s office Friday. The measure would create a minimum distance of 2,500 …

It’s Official, Hydraulic Fracturing Produces More than Half of U.S. Crude Oil: EIA

It’s Official, Hydraulic Fracturing Produces More than Half of U.S. Crude Oil: EIA

Crude from tight oil now the primary source of oil from the U.S.

Hydraulically fractured wells now account for the majority of the crude oil produced in the U.S., according to the EIA. Based on the most recent data …

Seven More Anti Fracing Initiatives Struck from Colorado’s Ballot

Seven More Anti Fracing Initiatives Struck from Colorado’s Ballot

Dead initiatives focused on setbacks

Coloradans Resisting Extreme Energy Development (CREED), an anti fracing group in Colorado, has removed seven more of its proposed ballot initiatives this week, most of which focused on mandatory setbacks up to 4,000 feet. CREED

Fracing Has Become a Litmus Test of Principle

Fracing Has Become a Litmus Test of Principle

Rupert Murdoch: a man who believes America is exceptional

The following are Rupert Murdoch’s remarks to the Hudson Institute, Nov. 30, 2015 – published with permission of the author

Before I thank you Henry [Kissinger], and before delivering my modest …

Hydraulic Fracturing Lowered Unemployment 0.5% During the Great Recession

Hydraulic Fracturing Lowered Unemployment 0.5% During the Great Recession

Study finds hydraulic fracturing added 725,000 jobs during the Great Recession

The energy boom brought on by hydraulic fracturing helped to soften the blow from the Great Recession, a new study conducting by the National Bureau of Economic Research found. …

Wyoming Court Files Injunction against Federal Fracing Rules

Wyoming Court Files Injunction against Federal Fracing Rules

Judge Scott Skavdahl Blocks Proposed Government Regulations

The final day of September marked the end of Q3’15 for the majority of oil and gas companies. The same definitive timeframe doesn’t apply for hydraulic fracturing on Federal lands, which created a …

Pa. will stop using industry-favored FracFocus database

Via EE News

Pennsylvania oil and gas officials are breaking with fellow state regulators and planning to drop the FracFocus website for reporting the chemicals used in hydraulic fracturing.

Next year, the state Department of Environmental Protection will shift to …

July 17, 2015 - 5:14 pm Energy News, Fracing
Black Hills Increasing Capex to Drill in the Piceance

Black Hills Increasing Capex to Drill in the Piceance

Plans submitted to the BLM call for over 100 horizontal wells

Black Hills Plateau Production (ticker: BKH) proposed its development plan for 32,600 acres of federal, private and split-estate lands in De Beque, Mesa County, Colorado, to the Bureau of …