Post Tagged with: "hedging"

The real price of Occidental’s ‘costless’ oil hedge

The real price of Occidental’s ‘costless’ oil hedge

Reuters


In just 12 days, Occidental Petroleum Corp pulled off one of the biggest hedges against falling oil prices ever placed by a U.S. energy company. It characterized the transaction as “costless” but a Reuters review of regulatory filings, market …

Source: ringenergy.com

Ring Energy, Inc. announces completion of fall 2019 redetermination of its senior credit facility

Oil and Gas 360


Company Enters into Additional Hedges for 2020

Ring Energy, Inc. -Midland, Texas- (NYSE American: REI) (“Ring”) (“Company”) announced today it completed the scheduled fall 2019 redetermination evaluation of its $1 billion senior credit facility. The Company

December 2, 2019 - 3:15 am Closing Bell Story‎, Energy News, Finance
Antero Monetizes Hedge Portfolio for $357 Million

Antero Monetizes Hedge Portfolio for $357 Million

Paying down debt with cash, share buybacks continue
Antero Resources (ticker: AR) announced it has monetized a portion of its hedge position today, taking advantage of the recent shifts in gas prices.

Antero sold part of its hedge portfolio by

Growth in Tight Oil Shakes Up Oil Futures Markets and Hedging Needs

Growth in Tight Oil Shakes Up Oil Futures Markets and Hedging Needs

From Bloomberg

Declines in open interest of WTI forward contracts seen: CFTC

Shale boom has shifted producers’ need to hedge farther out

The vibrations of the shale boom are now shaking the futures market.

A visible decline in open interest …

September 7, 2018 - 1:05 pm Closing Bell Story‎, Commodity Pricing, Energy News
Courtesy of RSP Permian

Futures Curve with Severe Backwardation is Laughable: Papa

CDEV likes oil’s prospects and New Mexico well results

Centennial Resource Development, Inc. (ticker: CDEV) reported a net income of $66.1 million, or $0.25 per share for Q1 2018. The company’s average daily net production was 54,069 BOEPD for the …

Pioneer Selling Oil at Premium Pricing, Looks to Add 250-275 Wells to Production in 2018

Pioneer Selling Oil at Premium Pricing, Looks to Add 250-275 Wells to Production in 2018

Forecasts cashflow of approximately $3.2 billion at current strip prices for the remainder of 2018 – $66 per barrel for oil and $2.80 per Mcf for natural gas

Running 20 Permian Hz rigs

Pioneer Natural Resources Company (ticker: PXD) reported …

Oil Hedges: Brazil and Mexico

Oil Hedges: Brazil and Mexico

Brazil’s state-controlled oil company, Petrobras, has hedged a portion of its 2018 oil production. The move should protect cash flow against downturns in the marketplace. Bloomberg reported that the company hedged 128 MMBbls, or 350,685 BOPD at an average Brent …

Whiting Petroleum: 2018 CapEx of $750 Million, 100-Plus Wells Planned

Whiting Petroleum: 2018 CapEx of $750 Million, 100-Plus Wells Planned

Whiting Petroleum (ticker: WLL) has a 2018 capital budget of $750 million, of which $600 million will be invested in Williston Basin operations. The capital budget forecasts a production growth of 9% from Q4 2017 to Q4 2018, with an …

Carrizo Oil & Gas Discusses Operations After Harvey, Updates Hedging

Carrizo Oil & Gas Discusses Operations After Harvey, Updates Hedging

Eagle Ford and Permian producer Carrizo Oil & Gas, Inc. (ticker: CRZO) reiterated that its operations in the Eagle Ford shale sustained no damage as a result of Hurricane Harvey, and drilling and completion operations returned to normal within a …

Thick Hedge Book and New Pipelines Power Antero Resources into 2016

Thick Hedge Book and New Pipelines Power Antero Resources into 2016

Hedge book’s mark-to-market value listed at $3.1 billion

Attractive hedges have the ability to make a significant impact on company balance sheets, and its positive effects (along with access to favorably priced markets) are apparent in a January 13 business …

An Interview with Manitok Energy CEO Mass Geremia –  Part Two

An Interview with Manitok Energy CEO Mass Geremia –  Part Two

Manitok Energy Talks 2015-16 Drill Plans, Hedging, Liquidity and 18-Month Outlook

Manitok Energy (ticker: MEI) is a conventional operator focused on projects in Alberta, and the company has spent the last several years amassing a considerable land position with output …

To Be, or Not To Be… (Hedged)?

To Be, or Not To Be… (Hedged)?

In EnerCom’s Energy Industry Data and Trends for January 2015, the company examined the impact of hedges on the stock valuations of the companies that hedged versus those that did not. The research looked at companies’ performance over the eight …

February 13, 2015 - 11:08 am Analytics, Oil and Gas 360 Articles
LINN Energy Taking New Measures to Adapt to Commodity Swing

LINN Energy Taking New Measures to Adapt to Commodity Swing

MLP Pioneer Cuts Dividend and Capex by more than 50%

LINN Energy LLC (ticker: LINE), a top-15 independent oil and natural gas development company, has announced reductions of more than 50% in both capital expenditures and dividends in 2015. LINN …

E&Ps Taking Advantage of Hedging to Protect Profits

E&Ps Taking Advantage of Hedging to Protect Profits

Production is expected to increase

West Texas Intermediate has continued to fall from its 2014 peak of $107.73 a barrel in June to $51.68 at 10:38 a.m. London time. That’s below the breakeven price for 37 of 38 U.S. shale …

January 5, 2015 - 6:35 pm Oil and Gas 360 Articles
The Price(s) of Operating in the Oil & Gas Business

The Price(s) of Operating in the Oil & Gas Business

Commodity prices are influenced by several factors, including short-term catalysts and long term stimulus. Supply and demand often dictates short term prices, while factors such as future demand expectations and production decisions by the Organization of the Petroleum Exporting Countries …

January 28, 2014 - 5:05 pm Offshore, Oil and Gas 360 Articles, OPEC