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Continental Reports Flat First Quarter Earnings
Oklahoma City-based Continental Resources, Inc. announced Wednesday that it had a net income of $0.47 million, or $0.00 per diluted share, during the first quarter of 2017. “Relative to 2017 guidance, we are ahead on production, under on CAPEX and expect to be at the top-end or better than our production guidance for the year,” said Harold Hamm, Continental’s Chairman …
Williams Reports $373 Million in Net Income for First Quarter of 2017
Tulsa-based Williams is reporting net income of $373 million in the first quarter of 2017, which is sharply contrasted to last year’s net loss of $65 million reported just one year ago. The company said that’s an increase of $438 million. “Our consolidation of operating areas from five to three became effective in first-quarter 2017 – …
Crude Oil Settlements Rise on Wednesday as Government Data Reveals Decline in Supply
Domestic oil prices settled with a slight gain on Wednesday after government data confirmed that domestic crude supplies dropped, according to Bloomberg MarketWatch. The decrease was much less than the market anticipated. June West Texas Intermediate crude rose 16 cents, or 0.3%, to settle at $47.82 a barrel on the New York Mercantile Exchange. On the …
Completion Reports May 4, 2017
KINGFISHER COUNTY Chaarral Energy Llc Mississippian(ex Chester): Oil 175 Gas 126 Water 1338 Flow Via Gas Li 18 16N 5W Mario 1605 1umh-18, February 20, 2017 HH, OIL, TD: 12090 ft Lat: 35.85701, Long: -97.77656 API: 35073254330000 Chaparral Energy Llc Mississippian(ex Chester): Oil 363 Gas 389 Water 1667 Flow Via Gas Li 18 16N 5W …
Permits to Drill May 4, 2017
Blaine County PHENIX 27-16N-11W #3H, February 01 2017 27 16N 11W SESWSESE API: 01123736 Lat: 35.82740367608136, Long: -98.35146021591797 DEVON ENERGY PRODUCTION CO LP HH, AM, 15738 ft, MISSISSIPPIAN(9705) Blaine County COWBOY SWD #2, May 03 2017 29 16N 10W NENESENE API: 01123794 Lat: 35.836963566231276, Long: -98.27882940625699 S & S STAR OPERATING LLC SH, DR, …
Devon Energy Corporation Posts $565 Million in Net Earnings for 1Q 2017
Oklahoma City-based Devon Energy Corporation reported net earnings of $565 million posted in the first quarter of 2017, according to a company press release issued Tuesday. The company’s core earnings exceeded expectations and totaled nearly $217 million. Devon’s financials seem to indicate that both the company and the industry are rebounding from an economic downturn. Devon posted …
Devon Announces $1 Billion Program to Divest Non-Core Assets
Oklahoma City-based Devon Energy Corporation will divest nearly $1 billion of non-core assets including some portions of the Barnett Shale near Johnson County, according to a company press release issued Tuesday. “The successful resource expansion in our world-class STACK and Delaware Basin assets has generated an abundance of opportunities within our portfolio,” said Dave Hager, president and CEO. “Given the …
WTI, Brent Crude and Natural Gas Dip on Tuesday
Crude oil settlements continued to spiral downward on Tuesday, registering back-to-back declines as rising output in the U.S and a survey showing a fall last month in OPEC compliance, according to Bloomberg MarketWatch. On the New York Mercantile Exchange, June West Texas Intermediate crude fell $1.18, or 2.4%, to settle at $47.66 a barrel. On the …
Completion Reports May 3, 2017
CADDO COUNTY Excalibur Resources Llc Marchand(9950): Oil 787 Gas 890 Water 884 Flow 29 11N 12W Ruckman 2h-20, November 08, 2016 HH, OIL, TD: 15101 ft Lat: 35.40516, Long: -98.49404 API: 35015232700001 CANADIAN COUNTY Cimarex Energy Co Woodford(12475): Oil 117 Gas 2858 Water 1741 Flow 24 11N 9W Meiwes 1-25h, February 19, 2017 HH, …
Permits to Drill May 3, 2017
Caddo County MCDONALD #1H-3526X, May 02 2017 02 10N 9W N2NENENE API: 01523280 Lat: 35.37686828223786, Long: -98.11454643086508 CIMAREX ENERGY CO HH, DR, 23614 ft, MISS’AN (EX CHESTER)(12646), WOODFORD(12974), HUNTON(13135) Caddo County CREWMAN #1-30, May 02 2017 30 9N 9W SENWNESE API: 01523279 Lat: 35.22390307225284, Long: -98.18618412652481 KIRKPATRICK OIL COMPANY INC SH, DR, 10420 ft, …