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More Rig cancellation / Idle News
Permian Operator To Chop 8 Rigs From 2019 Drilling Program
Hidden in Concho's 4Q 2018 Investor Presentation is the company Drilling Activity/Drilling Program for 2019. As most of you might remember, the company acquired RSP Permian in 2018…
Halcon Axes Three Rig Plan for 2019; Cuts Fleet Down to Two
In a recent release, Halcon Resources CEO Floyd C. Wilson revealed that the company is planning to drop down to two rigs for 2019. The company had initially…
Halcon Chops Drilling Program; Cites Weak Midland Oil Price
Halcon Resources has decided to cut its rig fleet in the Permian / Midland Basin due to lower prices.
STACK Operator 'Reevaluating' 2018, Future Plans After Q1 Loss; Drops Half Operating Rigs
Jones Energy reported its Q1 2018 results. Highlights: - Net loss for the first quarter of 2018 of $28.9 million, or a loss of $0.30 per share, non-GAAP…
Jones Chops Capex ~10% to $250MM; Drops Cleveland Rig in Favor of Merge
Jones reported its Q2 2017 results. Highlights include: - Reducing 2017 Capex budget to $250 million from $275 million (-9%) - Average daily net production for second quarter…
Permian - Midland Basin News
Ring Energy, Inc., First Quarter 2023 Results
Ring Energy, Inc., announced first quarter 2023 results. Highlights Grew first quarter 2023 sales volumes 2% to a record 18,292 barrels of oil equivalent per day ("Boe/d") (69%…
HighPeak Energy, Inc., First Quarter 2023 Results
HighPeak Energy, Inc., announced first quarter 2023 results. Highlights Produced average sales volumes of 37,222 barrels of crude oil equivalent per day ("Boe/d"), consisting of 85% crude oil…
Callon Petroleum Company First Quarter 2023 Results
Callon Petroleum Company announced first quarter 2023 results. Highlights Net income of $220.6 million, or $3.57 per diluted share (all share amounts are stated on a diluted basis),…
Diamondback Energy Reducing 2023 Drilling Program
Diamondback Energy, Inc. announced first quarter 2023 results. However during the earnings call. Here are a few things the company said. "We are going to reduce our rig…
SM Energy Company announced its first quarter 2023 results
SM Energy Company announced its first quarter 2023 results. Highlights Growing profitability. In the first quarter 2023, net income was $198.6 million, or $1.62 per diluted common share,…