gas Archives - Page 23 of 26

Gulfport Energy’s ~$800 Million CapEx to Fall Within Cash Flow

January 30, 2018

Gulfport Energy Corporation (ticker: GPOR) has announced that: 2018 CapEx budget will be funded within cash flow, $100 million outstanding common stock will be repurchased this year, 2018 operational outlook forecasts 1,250 MMcfe/d 2018 CapEx and production guidance The 2018 budget includes approximately $630-$685 million for D&C activities and approximately $140-$150 million for non-D&C activities, including midstream capital expenditures associated

Range Resources Releases 2018 CapEx, Proved Reserves Update

January 25, 2018

Approximately 80% of 2018 capital is projected to be spent in the Marcellus, generating greater than 25% growth Range Resources Corporation (ticker: RRC) announced a 2018 capital budget of $941 million, which is below anticipated 2018 cash flow at current strip prices and generates annual production growth of approximately 11%. Additionally, Range announced a five-year outlook from 2018 through 2022

Major BP Projects for 2018

January 24, 2018

Production from the full five-field West Nile Delta development, the Giza-Fayoum-Raven project, is expected to represent about 30% of Egypt’s current production BP p.l.c. (ticker: BP) will bring five major upstream projects online in 2018. The projects span the globe, with assets coming up in Europe, North Africa and North America. David O’Connor, BP’s head of global projects, gave a

GeoPark Discovers New Gas Play in Chile

January 18, 2018

GeoPark Limited (ticker: GPRK) said that in Chile the Uaken 1 exploration well in the Fell block was successfully drilled and tested. The well is operated by GeoPark and the company has 100% working interest. GeoPark drilled and completed the Uaken 1 exploration well to a total depth of 3,658 feet. A production test through different chokes in the El

EnerCom Dallas Conference Presenter: GeoPark Limited

January 12, 2018

GeoPark Limited (ticker: GPRK) is a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru. The company has 29 blocks in nine basins across five countries – approximately 6 million acres. GeoPark’s 3P reserve estimates project that 235 MMboe can be developed. In 2017 the company

Samson Resources Plans $105 Million 2018 Capital Program

January 4, 2018

Samson Resources II, LLC has released its 2018 total capital budget with a range of $105 to $115 million. The capital program aims to increase production volumes by about 20%, compared to 2017 exit production rates. The company will spend $85 to $95 million toward its drilling and completion program and $20 million toward its leasing, seismic, recompletion and workover

Exxon to Continue Spree: Eyes Egypt Offshore Fields – Reuters

December 4, 2017

From Reuters LONDON/VIENNA (Reuters) – Exxon Mobil (XOM.N) is considering a foray into Egypt offshore oil and gas, seeking to replicate rivals’ success in the country and boost its reserves, officials and industry sources said. Officials from the world’s largest listed oil producer recently held talks with Egypt’s petroleum ministry to discuss investments in oil and gas production, known as

Coal-Fired Capacity Takes a Hit

October 27, 2016

From Power Magazine The Minnesota Public Utilities Commission (MPUC) voted unanimously to support Xcel Energy’s latest long-range plan, which will transform the company’s energy fleet. Xcel expects to more than double its renewable energy portfolio as a result, delivering greater than 60% carbon-free energy to its Upper Midwest (Michigan, Minnesota, North Dakota, South Dakota, and Wisconsin) customers by 2030. The

Rig Count Continues to Increase

July 15, 2016

After an up and down week for crude oil prices, the U.S. rig count extended its upward momentum to make it six out of the last seven weeks in the positive. The total number of active rigs increased by seven rigs over last week to 447, according to date released today by Baker Hughes (ticker: BHI). Despite gains in the

Median Breakeven Price for Oil is $55 per Barrel; Gas is $3.50 per Mcfe – KLR

May 23, 2016

Highest oil breakeven is in Williston Basin; for gas it’s the Fayetteville Lowest oil breakeven is the Midland Basin; lowest for gas is the southwest Marcellus A report from KLR Group today has pegged the breakeven costs for various oil and gas plays around the United States. The report looked at capital performance of E&P companies, and found that the

Dominion Midstream Partners Announces First-Quarter 2016 Earnings

May 4, 2016

Dominion Midstream Partners, LP (NYSE: DM) reported unaudited net income attributable to the partnership of $23.1 million, or $0.29 per common limited partner unit for the three months ended March 31, 2016. Adjusted earnings before interest, income taxes, depreciation and amortization (Adjusted EBITDA) was $24.9 million and distributable cash flow was $20.3 million for the quarter. Dominion Midstream uses Adjusted

TransCanada Announces Preferred Share Issuance

April 13, 2016

CALGARY, ALBERTA–(Marketwired – April 13, 2016) – TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada) today announced that it will issue 12 million cumulative redeemable minimum rate reset first preferred shares, series 13 (the “Series 13 Preferred Shares”) at a price of $25.00 per share for aggregate gross proceeds of $300 million on a bought deal basis to a syndicate of underwriters in

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