Post Tagged with: "q1"

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Hess Net Q1 Production: 233 MBOEPD – Bakken 111 MBOEPD

Bakken production up 11% over Q1 2017

Hess Corporation (ticker: HES) reported a net loss of $106 million, or $(0.38) per common share in Q1 2018. This compares to a net loss of $324 million, or $(1.07) per share in …

Weatherford Ramps Up Cost Savings Plan

Weatherford Ramps Up Cost Savings Plan

Weatherford International plc (ticker: WFT) reported a net loss of $245 million, or a loss of $(0.25) per share for the first quarter of 2018.

Weatherford President and CEO Mark A. McCollum said, “The goals we have set forth for …

Halliburton

Halliburton Writes Down All Remaining Venezuela Investments

Market is 1 million to 1.5 million horsepower undersupplied

Halliburton Company (ticker: HAL) reported an income of $46 million, or $0.05 per diluted share for the first quarter of 2018. This is an improvement over Q1 2017’s net loss of …

PetroShale Doubles Production in the Bakken/Three Forks

PetroShale Doubles Production in the Bakken/Three Forks

Bakken-focused PetroShale Inc. (ticker: PSH) released financial and operating results for the year-ended December 31, 2017. Production averaged 2,121 BOEPD in the fourth quarter and 2017 production averaged 2,445 BOEPD, an increase of 50% over 2016.

Financially, PetroShale reported 2017 …

Baker Hughes GE Announces First Quarter 2018 Results

Baker Hughes GE Announces First Quarter 2018 Results

  • Orders of $5.2 billion for the quarter, down 8% sequentially and up 9% year-over-year on a combined business basis*
  • Revenue of $5.4 billion for the quarter, down 7% sequentially and up 1% year-over-year on a combined business basis
  • GAAP operating
SM Energy Expects to Produce up to 44.9 Million BOE in 2018

SM Energy Expects to Produce up to 44.9 Million BOE in 2018

100% year-over-year growth in Midland Basin production; realized price is SM’s highest level in 14 quarters: $37.76/BOE average

Midland Basin operations up to nine rigs and five completions crews; SM expects to double completions in Q2

The Midland Basin produced …

Strategic Oil & Gas Ltd. Reports 2017 Results

Strategic Oil & Gas Ltd. Reports 2017 Results

Northern Alberta operator Strategic Oil & Gas Ltd. (ticker: SOG) has posted Q4 and full year 2017 results. The company had a net loss of $41.3 million, or $(0.89) per share in Q4 2017. For 2017, Strategic had a net …

Frontera Drums Up 70 MBOEPD in 2017, Plans 2018 Encore

Frontera Drums Up 70 MBOEPD in 2017, Plans 2018 Encore

Frontera Energy Corporation (ticker: FEC) reported a net loss of $217 million, or $(4.33) per share for 2017. In Q4 2017, the company posted a net loss of $33 million, or $(0.65) per share. The company attributed the year’s loss …

Blackbird Energy Reports Q2 2018

Blackbird Energy Reports Q2 2018

Blackbird Energy Inc. (ticker: BBI) reported for the three months ended January 31, 2018, a net loss of CDN$1.71 million, or a net loss per share of $(0.00). For the six months ended January 31, 2018, the company reported a …

Northern Oil and Gas Increases 2018 Production Guidance

Northern Oil and Gas Increases 2018 Production Guidance

Northern Oil and Gas, Inc. (ticker: NOG) expects its Q1 2018 average daily production to increase by 5% to 6% over fourth quarter 2017 – a sequential increase of nearly 1,000 BOEPD.

In a similar vein, Northern will be raising …

Laredo Petroleum Expects to be Operating within Cash Flow by YE2018

Laredo Petroleum Expects to be Operating within Cash Flow by YE2018

Laredo Petroleum, Inc. (ticker: LPI) has released its Q4 and full-year 2017 results. For the fourth quarter of 2017, the company reported net income attributable to common stockholders of $408.6 million, or $1.70 per diluted share – this included a …

GeoPark Issues Operational Update

GeoPark Issues Operational Update

GeoPark Limited (ticker: GPRK), an independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru, issued an operational update.

GeoPark’s 2018 work program and budget is $100-$110 million. …

Range Announces Q1: Record Production of 1.93 Bcfe/day

Range Announces Q1: Record Production of 1.93 Bcfe/day

Super-rich Washington County pad averages 31.4 Mmcfe/day per well

Range Resources Corp. (ticker: RRC) released first quarter 2017 financial results.

Highlights for Q1:

  • First quarter GAAP net income reached $170 million, or $0.69 per diluted share, compared to a net
Unit Corporation Reports 2016 First Quarter Results

Unit Corporation Reports 2016 First Quarter Results

Unit Corporation (NYSE: UNT) today reported its financial and operational results for the first quarter 2016. Highlights include:

  • Realized net proceeds of $37.4 million from the sale of various non-core oil and natural gas segment asset packages.
  • Crude oil production
EQT Reports First Quarter 2016 Earnings

EQT Reports First Quarter 2016 Earnings

NYSE: EQT; NYSE: EQM; NYSE: EQGP

PITTSBURGH–(BUSINESS WIRE)–EQT Corporation (NYSE: EQT) today announced first quarter 2016 net income attributable to EQT of $5.6 million, or $0.04 per diluted share (EPS), compared to earnings of $173.4 million, or $1.14

QEP Resources Reports First Quarter 2016 Financial and Operating Results

QEP Resources Reports First Quarter 2016 Financial and Operating Results

QEP Resources Reports First Quarter 2016 Financial and Operating Results
  • Reduced capital expenditures by over 30% compared with fourth quarter 2015
  • Delivered record crude oil production of 56,900 barrels per day
  • Completed four gross operated Spraberry Shale wells with an
Antero Resources Reports First Quarter 2016 Financial Results and Increases Production Guidance

Antero Resources Reports First Quarter 2016 Financial Results and Increases Production Guidance

DENVER, April 27, 2016 /PRNewswire/ — Antero Resources Corporation (NYSE: AR) (“Antero” or the “Company”) today released its first quarter 2016 financial results and announced increased 2016 production guidance. The relevant consolidated financial statements are included in Antero’s Quarterly Report …

Bam! It’s Earnings Season Again – Q1’16 Estimates

Bam! It’s Earnings Season Again – Q1’16 Estimates

Q1 Reporting Kicks Off Tomorrow for the Oil & Gas Industry

The first quarter closed on March 31 for most of the U.S. oil and gas companies, and earnings news releases and Q1 conference calls are about to hit hard …