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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…
Another Permian Operator Cuts Rigs and Completion Crews
SM Energy has raised its Q2 production guidance as the quarter winds down. They also detailed an operational update. 2Q18 Production: Based on the first two months of…
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 - 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),…