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 …
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
From Bloomberg
The vibrations of the shale boom are now shaking the futures market.
A visible decline in open interest …
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 Natural Resources Company (ticker: PXD) reported …
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 (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 …
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 …
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 …
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 …
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 …
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 …
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 …
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 …
