Post Tagged with: "lower 48"

ConocoPhillips Produces 1,224 MBOEPD, Nets $0.9 Billion

ConocoPhillips Produces 1,224 MBOEPD, Nets $0.9 Billion

ConocoPhillips Company (ticker: COP) reported first quarter 2018 earnings of $0.9 billion, or $0.75 per share. This compares to first quarter 2017 earnings of $0.6 billion, or $0.47 per share.

First quarter production, excluding Libya, was 1,224 MBOEPD. Production from …

Nabors Industries Cuts Loss in Half

Nabors Industries Cuts Loss in Half

Drill rigs, equipment and software provider Nabors Industries Ltd. (ticker: NBR) reported full-year 2017 operating revenue of $2.6 billion, compared to operating revenue of $2.2 billion in the prior year. Net income from continuing operations attributable to Nabors for the …

BP U.S. Onshore’s Use of Smart Tech Drives 50% Reduction in Man Hours

BP U.S. Onshore’s Use of Smart Tech Drives 50% Reduction in Man Hours

BP’s U.S. onshore operations using drones, big data, augmented-reality smart glasses, multilateral wells

“If you look at any industry, every single one is being turned inside out by technology,” Brian Pugh, Lower 48’s chief operation officer – production said. “The …

BP Moving to Denver from Houston

BP Moving to Denver from Houston

BP seeks access to key producing basins in Rockies, sees move as strategic platform for growth

BP (ticker: BP) is moving a U.S. headquarters from Houston to Denver.

The company said its U.S. Lower 48 onshore Denver headquarters operations will …