Production Archives - Page 16 of 22

Carrizo Oil & Gas Discusses Operations After Harvey, Updates Hedging

October 5, 2017

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 week. A temporary reduction in sales volumes did occur as a result of downtime at third-party midstream facilities and Gulf Coast refineries, but production and sales

The Shale Boom in the Permian Is Slowing Down - 360

Jobs Count Stabilizes, Unemployment Drops when Permian Pumps Oil

July 20, 2017

A report by the Federal Reserve Bank of Dallas indicated that, in May, employment in the Permian basin remained steady, hovering around 158,000 jobs since February. This comes following the period between mid-2014 and early-2016, when Permian employment dropped from approximately 180,000 to approximately 150,000 jobs. The unemployment rate itself decreased from 4.4% in April to 4.1% in May. From

Expect Higher Crude Oil Exports to European, Asian Markets: WoodMac

July 6, 2017

In its appearance at EIA’s annual Energy Conference last week, Wood Mackenzie gave a presentation on crude oil exports, saying that U.S. crude oil exports rose in tandem with U.S. oil production following the repeal of the U.S.’s 40-year crude oil export ban in December, 2015. Oil from North Dakota, Texas moves to users in Asia and Europe According to

Core Lab Shows Oil Majors, NOCs, Independents How Their Hydrocarbons will Flow

June 6, 2017

When you can’t see something because it’s trapped in rocks a couple of miles beneath the earth’s surface, but you want to precisely measure it and also figure out how it will move in relation to other naturally occurring fluids within the formation, and you need to get the largest possible volume to flow to the surface, and by the way your entire

Northern Oil and Gas: Enhanced Completions Generate 13 MBOEPD

May 8, 2017

Northern anticipates more production growth in 2H 2017 Northern Oil and Gas, Inc. (ticker: NOG) reported total production of 1.2 million BOE for the first quarter, averaging 13,299 BOEPD. Northern’s business model is as a non-operator franchise in the Bakken and Three Forks plays in the Williston Basin of North Dakota and Montana. Northern operates under a capital allocation model that calls

Resolute Energy: New Credit Facility, 2016 Reserves and Production

February 23, 2017

Resolute Energy Corporation (ticker: REN) reported year-end 2016 reserves and production: — Fourth quarter exit rate in excess of 20,800 Boe per day — — Reserves increase 82% to 60.3 million Boe — — Closed new bank facility; $150 million initial borrowing base — — Earnings conference call scheduled for March 14, 2017 — Rick Betz, Resolute’s Chief Executive Officer, said: “During

Growth companies received a premium share price as long as they were not in regions with pipeline constraints and they maintained their balance sheet.

What Does a Growth Company Look Like Following the Downcycle?

February 1, 2017

Investors valued debt-adjusted growth even more in 2016 The crash in oil prices which started at the end of 2014 exposed a number of oil and gas companies that had sacrificed their balance sheet in the name of growth. Many were left over-levered and forced to sell assets or file for bankruptcy in order to make it through the ensuing

oil-barrels-and-markets-482px Oil Prices Drop - Oil & Gas 360

OPEC Says Cuts Are Ahead of Schedule

January 23, 2017

OPEC, Russia said they are not worried about U.S. shale production OPEC and non-OPEC producers are off to a good start in meeting the goals set in a production cut plan initiated at the start of the year, according to the group. OPEC’s Joint Ministerial Monitoring Committee (JMMC), designed to check compliance among the countries that have agreed to cut

Venezuela Plans to Cut 95 MBOPD as Markets Await OPEC Compliance

December 28, 2016

Venezuela plans to cut production roughly 4% as OPEC prepares to lower output Venezuela said Tuesday that it plans to cut production by 95 MBOPD, or roughly 4% of its 2.4 MMBOPD of total production, as OPEC prepares to implement its production deal. Starting January 1, OPEC will cut back its output by 1.2 MMBOPD, while non-OPEC countries contribute an

Oil Prices Likely to Rally Through the End of 2016

December 27, 2016

Oil prices up over 1.5% as the end of the year approaches Both international and U.S. crude benchmarks were up over 1.5% Tuesday as oil prices continue to rally and 2016 draws to a close. U.S. crude oil prices have surged more than 25% since mid-November following the announcement that OPEC plans to cut production by roughly 1.2 MMBOPD starting

OPEC Production Sets Record – Oil Prices Fall

December 6, 2016

Skepticism remains about OPEC deal as group’s production chalks up another record high Both U.S. and international crude oil benchmarks WTI and Brent were down over $1 per barrel today following a rally in prices brought on by last week’s OPEC production agreement. Oil prices shot over the $50 per barrel mark after OPEC announced it would cut 1.2 MMBOPD

OPEC prepares for its 171st meeting to decide on production cuts

OPEC to Itself: Can We Make a Deal by Wednesday?

November 28, 2016

Global markets, producers hope for production limit agreement The markets are waiting to see whether or not OPEC will be able to finalize a production agreement this Wednesday as potential spoilers begin to surface. The group agreed in principle to trim its production in September, reversing a decision made Thanksgiving Day 2014 that saw the price oil plummet as the

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