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Coterra Energy Q4, Full Year 2022 Results; 2023 Plans
Coterra Energy Inc. reported fourth-quarter and full-year 2022 financial and operating results. Thomas E. Jorden, Chairman, Chief Executive Officer and President, commented, "Coterra delivered a strong 2022. Outstanding…
Southwestern Energy 4Q, Full Year 2022 Results; Talks 2023 Plans
Southwestern Energy Co. announced financial and operating results for the fourth quarter and full-year 2022 and provided 2023 guidance. CEO Bill Way said: "In 2022, the Company delivered…
Operators Cite Investor Pressure for Production Growth Restraint
The latest survey by the Dallas Fed has unveiled that most E&P companies cite investor pressure as the primary reason for meager production growth. 60% of Execs Cite…
Murphy Oil to Keep 2021 Spending, Production Near 2020 Levels
In its presentation at the Goldman Sachs Global Energy Conference, Murphy Oil Corp. outlined its capital and production plans for 2021. The company noted that it largely plans…
Ecopetrol IDs 2021 Capex; Bets Bulk on Colombian Ops
Ecopetrol S.A. has approved the 2021 investment plan, which the company has set at a range of $3.5 and $4 billion (at the midpoint, it's slightly lower than…
Permian - Delaware Basin News
Empire Petroleum First Quarter 2023 Results
Empire Petroleum announced first quarter 2023 results. Highlights Increased year-over-year per day sales volumes by 4% to 2,206 barrels of oil equivalent per day ("Boe/d") (61% oil, 19%…
Earthstone Energy, Inc., First Quarter 2023 Results
Earthstone Energy, Inc., announced first quarter 2023 results. Highlights Average daily production of 104,450 Boepd(1), up 194% from Q1 2022 Net income(2) of $86.2 million, and Adjusted Net…
Battalion Oil Corporation First Quarter 2023 Results
Battalion Oil Corporation announced first quarter 2023 results. Highlights Substantial progress on acid gas treating facility as we ramp up gas delivery toward bringing the facility fully online…
PDC Energy, Inc., First Quarter 2023 Results
PDC Energy, Inc., announced first quarter 2023 results. Highlights Net cash from operating activities of approximately $590 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined…
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),…
Permian - Northern Midland Basin News
Coterra Energy Inc., First Quarter 2023 Results
Coterra Energy Inc., announced first quarter 2023 results. Highlights Net Income (GAAP) totaled $677 million, or $0.88 per share. Adjusted Net Income (non-GAAP) was $661 million, or $0.87…
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…
PDC Energy Third Quarter 2022 Results
PDC Energy, Inc. announced its 2022 third quarter financial and operating results. 2022 Third Quarter Highlights: Net cash from operating activities of approximately $850 million, adjusted cash flows…
Marathon Oil Corp. Third Quarter 2022 Results
Marathon Oil Corp. reported third quarter 2022 results. The company reported net income of $817 million or $1.22 per diluted share, which includes the impact of certain items…
Coterra Names Jordan CEO; Dinges Takes Chairman Role
Coterra Energy Inc. reported that the Company's Board of Directors appointed Thomas E. Jorden, its President and Chief Executive Officer, as Chairman of the Board effective January 1,…