Texas Archives - Page 17 of 23

First Daewoo LNG Carrier with Full Reliquefication System is Earmarked for Texas LNG Cargoes

June 22, 2018

From LNG World Shipping State of the art LNG carrier will export natural gas from Freeport LNG – 800,000 tonnes per year starting in 2019 South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering (DSME) has completed its first LNG carrier equipped with a full reliquefication system. The ship in question is the 180,000 m3 LNG Schneeweisschen, the first LNGC built by

Vaquero Midstream Caymus II Plant Becomes Operational

June 14, 2018

From PR News Wire On June 1st, 2018, Vaquero Midstream began processing rich natural gas through its 2nd 200 MMCFD UOP Russell cryogenic processing plant at the Caymus Natural Gas Processing Facility in Pecos County, Texas. Caymus II became operational just nine months after construction began in mid-2017. Caymus I and II are anchored by long-term volume and acreage commitments

Midstates Petroleum Announces Closing of Sale of Anadarko Basin Producing Properties

June 5, 2018

From Business Wire Midstates Petroleum Company, Inc. (“Midstates” or the “Company”) (NYSE: MPO) today announced the closing of the previously announced sale of its Anadarko Basin producing properties located in the Texas panhandle and western Oklahoma for $58 million. The net proceeds were approximately $54 million, subject to standard post-closing adjustments. The proceeds will be used to pay down a

Wyoming Files Suit Opposing BLM Rule on Flaring - Oil & Gas 360

Gas Glut in Permian Sparks Dilemma Over How Much to Burn

June 4, 2018

Bottlenecks expected to make producers desperate to flare more; Texas RRC could loosen flaring rules From Bloomberg Texas is facing a burning question that’s pitting the state’s economy against its environment, and oil drillers against each other. With natural gas pipelines in the Permian Basin reaching 98 percent of capacity, Texas is weighing whether to keep intact or loosen strict

What’s Worth More to the State of Texas—Land or Oil?

Junior Canadian Texas and New Mexico Producer Goes Public

May 17, 2018

Permex Petroleum Corporation (ticker: OIL) has completed its initial public offering of 8,135,500 common shares at a price of $0.50 per share for proceeds of $4,067,750. The shares were listed on the Canadian Securities Exchange (CSE) on May 15, 2018 and started trading this morning (May 17, 2018) under the ticker “OIL.” Returning shut in wells to production in the

Lonestar Resources Hits 10 MBOEPD in April, Increases Full Year Guidance

May 14, 2018

Texas-based E&P Lonestar Resources US Inc. (ticker: LONE) reported a net loss attributable to its common stockholders of $18.5 million, or ($0.75) per share in Q1 2018. The company produced 7,777 BOEPD on average in the quarter. CEO Frank D. Bracken, III, said, “In the first quarter, production increased by 48% and realized prices after hedging rose 24%, resulting in

OXY’s New Mexico Permian Wells Coming in with IP-30s of 3,100 BOEPD

May 9, 2018

Occidental Petroleum Corporation (ticker: OXY) reported a core income of $708 million for the first quarter of 2018, or $0.92 per diluted share. Total average daily production volumes were 609,000 BOE for the first quarter of 2018, compared to 621,000 BOE in the fourth quarter of 2017. Permian average daily production volumes improved from the prior quarter by 18,000 BOE,

Cimarex Produced 206 MBOEPD in Q1, with 55% from the Permian

May 9, 2018

Cimarex running 13 rigs: 10 in the Permian, 3 Mid-Con Cimarex Energy Co. (ticker: XEC) reported first quarter 2018 net income of $186.3 million, or $1.96 per share. Total company production for the quarter came in at the high end of guidance, Cimarex said, averaging 206.1 MBOEPD, with oil production averaging 65,212 BPD. Cimarex invested $313 million in exploration and

RSP Permian Earns $90 Million, Production Up 39%

May 3, 2018

RSP Permian Inc. (ticker: RSPP) posted a Q1 2018 net income of $89.6 million, or $0.57 per diluted common share. Production for the quarter increased 39% to 62.8 MBOEPD (72% oil, 87% liquids) compared to Q1 2017. Drilling The company operated seven horizontal rigs and three full-time completion crews during the first quarter of 2018 (third crew added in late

Chesapeake “Reinvents the Utica”

May 2, 2018

Chesapeake Energy Corporation (ticker: CHK) reported net income available to common stockholders of $268 million, or $0.29 per share for Q1 of 2018. Chesapeake’s average daily production for the first quarter of 2018 was approximately 554,000 BOE, compared to approximately 528,000 BOE in Q1 2017. Chesapeake reported an average rig count of 15 in Q1 2018, with 77 gross wells

Permian Juggernaut Concho Resources Reports $835 Million Net Income for Q1

May 2, 2018

Producing 228 MBOEPD, Running 20 Rigs Concho Resources Inc. (ticker: CXO) bought home a net income of $835 million, or $5.58 per diluted share for Q1 2018. Last year at this reporting period, Concho had a net income of $650 million, or $4.37 per share. Additionally, the company said it has reduced its total debt by $320 million in Q1

Encana Sees 30% Growth within Cash Flow

May 1, 2018

Encana Corporation (ticker: ECA) opened 2018 with Q1 net earnings of $151 million. This compares to Q1 2017’s net earnings of $431 million. Cash generated from operating activities reached $381 million, which compares to $106 million in Q1 2017. Encana’s first quarter production totaled 324,400 BOEPD, of which the company’s core assets contributed 307,500 BOEPD. Total liquids production grew by

Premium Content