“The EOG Machine is Firing on All Cylinders”: Chairman and CEO Bill Thomas EOG Resources, Inc. (NYSE: EOG) reported second quarter 2018 results and beats its oil, natural gas, and NGL production targets. Highlights Net income of $696.7 million, or $1.20 per share a 2,916% increase YOY Total crude oil production of 384,600 BOPD, up 15% YOY (Company Record) Total
During the Q2 conference calls this week, some enlightening comments were made by oil and gas company CEOs. Chesapeake Energy (NYSE:CHK) CEO Doug Lawler examines 2019 goals Q: Can you talk about 2019 and what the broad parameters of how that is going to look. It sounds like you guys are planning to stop the outspending versus cash flow and
Devon Energy (NYSE: DVN) and reported Q2 earnings and talked about operations, acquisitions, and returning value to the shareholders. Q: On Showboat. You did obviously mention there were some I guess a bit stronger declines. Was that related to the parent well being obviously three years old in the area, or was it more the Lower Meramec? And if you
Whiting Petroleum (NYSE: WLL) reported Q2 earnings and talked about operations, acquisitions, and returning value to the shareholders. Excerpts from the company’s Q2 call is included below. Q: Looking at that slide 7, it shows entire position there now including the bolt-on, your thoughts about moving rigs around. I see where you’ve got the rigs positioned there, could you talk
Encana (NYSE: ECA) reported Q2 earnings and hosted its conference call, including comments about improved differentials of the Eagle Ford in comparison to the Permian. Excerpts from Encana’s Q2 earnings call are below: Q: You mentioned that at today’s strip, Encana is going to generate free cash flow during 2018. If we look at the share buyback that you have
Bellatrix Exploration Ltd. Announces Second Quarter 2018 Financial and Operating Results
Cabot Oil & Gas (NYSE: COG) announced Q2 results, showing net income of $42.4 million, or $0.09 per share. Highlights Daily equivalent production of 1,895 MMcfe/d Adjusted net income of $57.9 million Net cash provided by operating activities of $273.9 million Discretionary cash flow of $196.5 million Returned $239.6 million of capital to shareholders through dividends and share repurchases Improved
Core Laboratories (NYSE: CLB) announced its Q2 earnings, which saw an 11% YOY increase in revenue and 22% YOY increase in operating income bringing earnings per diluted share to $0.57. Core Labs saw operating margins up 190 basis points YOY to 19.4%, ex-items, which was attributed to higher-technology services and products being requested by Core’s technologically sophisticated client base and
