Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Capital Markets | Capital Expenditure | Capital Expenditure - 2017
Conoco Cutting Spending a Slight 4.0% for 2017; IDs $5.0B Capex
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ConocoPhillips detailed its 4Q results.
2017 Outlook:Full-year 2017 production is expected to be 1,540 to 1,570 MBOED (Up +2% compared with full-year 2016 production excluding Libya) First-quarter 2017 production is expected to be 1,540 to 1,580 MBOED. The company's 2017 guidance for capital expenditures is $5.0 billion (down -4% from $5.2 billion spent in 2016) Guidance for production and operating expenses is $6.1 billion, which results in adjusted operating cost guidance of $6.0 billion. 2016 Summary: Achieved full-year production excluding Libya of 1,567 MBOED; 3 percent production growth adjusted for downtime and dispositions. Capital expenditures of $4.9 billion, a more than 50 percent reduction compared with 2015. Reduced production and operating expenses by 19 percent…
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More Capital Expenditure - 2017 News
Legacy Reserves Spends 1250% More YOY; Expects Oil Output to Grow 46.6% in 2018
Legacy Reserves reported its Q3 results and discussed its preliminary 2018 production and capital plans. Highlights include: Reported average daily production of 45,891 boe/d, an increase of about…
Gear Spends $10.5MM in Q3, Up 49.5% YoY
Gear Energy reported its Q3 results. Highlights include: Capital expenditures were $10.5 million in Q3, an increase of 49.5% from capital expenditures of $7.03 million in Q3 2016…
Cenovous Chops $100MM from 2017 Capex After Q3 Loss
Cenovus reported its Q3 2017 results. Highlights: Increased third quarter cash from operating activities and adjusted funds flow by 91% and 133% respectively, compared with the same period…
Kelt Expects 86.2% CapEx Growth from 2017 to 2018
[Summar: Kelt Exploration reported its Q3 results where it also discussed preliminary plans for 2018. Highlights include: Production for Q3 was 22,510 boe/d and expects to exit 2017…
Murphy Increases 2017 Capex by $50MM; Brought Online 27 Eagle Ford Wells
[Summary: Murphy Oil released its Q3 results and highlights include: North American on shore production was 86 mboe/d Increased its FY 2017 capex guidance $50 million to $940…
International News
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
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EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
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New E&P Scores Capital; Heading To the MidCon Region
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2025 Forecast : Dangerous Time Ahead
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Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…
United States News
Touchstone Exploration, Inc., First Quarter 2023 Results
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Battalion Oil Corporation First Quarter 2023 Results
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Amplify Energy Corporation First Quarter 2023 Results
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Denbury Inc., First Quarter 2023 Results
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Evolution Petroleum Corporation Fiscal Third Quarter 2023 Results
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