Panhandle Oil and Gas Inc. (ticker: PHX) reported financial and operating results for the company’s fiscal first quarter ended December 31, 2017. For the 2018 first quarter, the company recorded net income of $13,784,939, or $0.81 per diluted share. This compared to a net loss of $2,238,392, or ($0.13) per diluted share, for the 2017 first quarter. The 2018 first
Halcon Resources Corporation (ticker: HK) has recently entered into definitive agreements to acquire 22,617 net acres in Ward County, Texas for approximately $381 million. The properties are currently producing ~1,325 BOEPD which equates to a purchase price of ~$14,674/acre (after adjusting for production using an estimated value of $35,000 per BOEPD). West Quito Draw The largest acquisition is comprised of
From Forbes The report in the Dallas Morning News Wednesday morning that Pioneer Natural Resources has decided to divest all other assets in order to focus exclusively on the Permian Basin confirms what many have already known: the Permian truly is America’s “Super Basin,” or as others prefer to call it, Saudi Texas. After all, it isn’t as if the assets Pioneer will
Double Eagle Energy Holdings III announced that inclusive of a recent capital raise, the company has secured equity commitments of more than $1 billion. The equity commitments are anchored through funds managed by affiliates of Apollo Global Management, LLC (ticker: APO). Double Eagle’s equity commitments will support the company’s ongoing acquisition and development initiatives in the Permian Basin and will
Sanchez Energy Corporation (ticker: SN) released year-end 2017 proved reserves and operating results for the fourth quarter and full year 2017. Highlights Proved reserves increased by 88% during the year to approximately 363 MMBoe, with a reserve replacement ratio of roughly 762% in 2017 Fourth quarter 2017 production of nearly 7.5 MMBoe, or 81,977 BOEPD The company’s production mix during
Summit Midstream Partners, LP (ticker: SMLP) will be holding a non-binding open season for its Double E Pipeline. The target in-service date for the project is the first quarter of 2021. The project will consist of approximately 120 miles of 24″ to 36″ diameter pipe with a capacity of approximately 1.0 Bcf/d (without compression), expandable to approximately 1.4 Bcf/d (with
Panhandle Oil and Gas Inc. (ticker: PHX) is headquartered in Oklahoma City, Oklahoma. Panhandle has approximately 255,000 net acres of perpetually owned mineral rights spread across Arkansas, Oklahoma and Texas. Panhandle leases its properties to oil and gas operators and does not have the burden of paying to operate productive leases, but instead acts as a royalty interest holder. As
Laredo Petroleum, Inc. (ticker: LPI) released several new reports today, including estimated annual production, year-end reserve estimates and the company’s projected 2018 CapEx. Year-end 2017 reserves and operating results highlights 17% increase in production in 2017 to a company record of 21.3 million barrels of oil equivalent (MMBOE) 36% organic growth in proved developed reserves, an increase of 50 MMBOE
Goodrich Petroleum Corporation (ticker: GDP) is an independent E&P headquartered in Houston, Texas with operations in Texas, Louisiana and Mississippi. The company’s preliminary capital expenditure budget for 2018 stands at $65 to $75 million and will be directed towards the company’s core acreage in the Haynesville shale. Goodrich Petroleum plans to drill 16 gross horizontal wells in 2018, with an
EnerCom Dallas presenting company PetroQuest Energy (ticker: PQ) was founded in 1985 as a Gulf Coast oil and gas company. From 1985 to 2002 PetroQuest grew its reserves located principally onshore in Louisiana and offshore in the Gulf of Mexico. The company is headquartered in Lafayette, Louisiana. Central Louisiana Austin Chalk acquisition The company recently entered the Central Louisiana Austin
Quantum Energy Partners and Stonecourt Capital LP have announced the formation of PetroLogistics II LLC, with founders David Lumpkins and Nathan Ticatch. PetroLogistics II, headquartered in Houston, Texas, plans to continue the strategy of its predecessor, PetroLogistics Company LLC. The newly formed company will acquire, develop and operate petrochemical manufacturing, processing and logistics assets in North America. Quantum, Stonecourt and
GeoPark Limited (ticker: GPRK) is a leading independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru. The company has 29 blocks in nine basins across five countries – approximately 6 million acres. GeoPark’s 3P reserve estimates project that 235 MMboe can be developed. In 2017 the company
Sign up to receive daily news and stock prices from Oil & Gas 360® directly in your email inbox.
Market Data ©2020–2024 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT=Real-Time, EOD=End of Day, PD=Previous Day. Market Data powered by QuoteMedia. Terms of Use.
