Post Tagged with: "Year end"
Suncor to cut 1,500 jobs by end of year – report
Canada’s second-biggest oil producer Suncor Energy Inc will cut 1,500 jobs by the end of this year, aiming to reduce costs and improve its financial performance, the Globe and Mail reported on Thursday, citing details from the Canadian Press.…
Goodrich Petroleum Closes Sale, Reports Q4
In its Q4/year-end release, Goodrich Petroleum Corporation (ticker: GDP) said it has recently closed on the sale of certain production, facilities, infrastructure and a portion of its acreage in the Angelina River Trend to BP America Production Company. Goodrich said …
WPX Grows Oil Production 47% in Q4, Forecasts $1 Billion 2018 Drilling CapEx
WPX Energy (ticker: WPX) reported Q4 2017 oil volumes of 75,200 BOPD, which was 68% higher than a year ago, and 16% higher than Q3 2017.
WPX’s first two North Sunday Island wells in the Williston Basin have 120-day cumulative …
Marathon Oil Preps for $2.3 Billion CapEx in 2018, Forecasts ~400 MBOEPD Net Production
Marathon Oil Corporation (ticker: MRO) will have a $2.3 billion capital budget for 2018. The company said the budget is self-funding at $50 average WTI and will generate free cash flow at $60 average WTI. More than 90% will be …
Advantage Oil & Gas Averaged Production of Nearly 40 MBOEPD in 2017
Advantage Oil & Gas Ltd. (ticker: AAV) released Q4 2017 and year-end 2017 results today. The company added reserves, increased annual production by 16% and spent $249 million in 2017.
Growing reserves
PDP reserves increased 27% due to the recognition …
