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More Drilling & Completions News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
Range Resources Talks 1Q Results; 2024 Wells Plan Unchanged
Range Resources reported its first quarter results. As you can see from the chart below, the company has 76% of its budget remaining and 82% or 40 wells…
Large Permian E&P Cuts Capex;Outlines New D&C Plans, 2024
Ovintiv provided an updated guidance for the remainder of the 2023 development cycle. 2023 Guidance The Company issued its third quarter 2023 guidance and revised its full year…
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…
Cardinal Energy Ltd. First Quarter 2023 Results
Cardinal Energy Ltd. announced first quarter 2023 results. Highlights Production increased 5% over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling…
Permian - Northern Midland Basin News
EP Energy 2018 Drilling Program; Shifts Focus Back to Eagle Ford
EP Energy provided the following 2018 guidance. The company continues to struggle with a $4.0 billion debt, however we still expect to see a 2% increase in production.…
Matador, San Mateo Sign Crude Transport Agreement with Plains
MatadorResources and its JV Parnter San Mateo Midstream has signed a crude oil transport agreement with Plains All American Pipeline. The aggreement will see Plains construct a mainline…
Parsley to Reduce 2H17 Completion Activity; Wolfcamp A & C Delineation
Parsley reported its Q2 2017 results. Highlights from its release / conference call include: - Net production averaged 64.7 MBoe per day, up 18% versus 1Q17 and 81%…
Pioneer Pumping the Brakes in 2H17; Deferring Completions
Pioneer released its Q2 2017 results. Highlights from its release / conference call include: 2018 Plans - More Hedges - Increased Hedges in 2018: Dove commented: "But we'll…
Diamondback Signs Proppant Supply Agreement with Black Mountain Sand
Black Mountain Sand LLC, one of the first movers in the Permian sand rush, signed a supply contract with Diamondback. The company has dedicated a significant portion of…