Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Reserves | Financial Results | Offshore | Capital Markets | Capital Expenditure | Capital Expenditure - 2017
Hess to Ramp Up Bakken Ops in 2017; Capex Up 18% YOY at $2.25B
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Hess detailed its preliminary 2017 guidance as well as its estimated Q4 2016 results.
2017 Guidance: E&P capital and exploratory expenditures are expected to be $2.25 billion, up +18% from $1.9 billion in 2016 Oil and gas production excluding Libya is forecast to be in the range of 300,000 to 310,000 boepd compared to full year 2016 net production of 321,000 boepdDiscussing 2017, John Hess commented: "We are increasing activity in the Bakken, our two offshore developments at North Malay Basin in the Gulf of Thailand and Stampede in the Gulf of Mexico are on track to come online in 2017 and 2018, and the Liza Field in Guyana is one of the industry's largest oil discoveries in the last 10 years."
Highlights: Net loss was $4,892 million, or $15.65 per common share, compared with a net…- ✓ Full news archive — U.S., Canada & international coverage
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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…
Africa - West Africa News
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Bakken Midstream Project shelved; as future growth projects thin
Hess Midstream highlighted continued throughput growth across its Williston Basin (Bakken/Three Forks) systems, signaling higher utilization in gas gathering and processing. For producers, the only forward-looking capacity signal…
Touchstone Exploration, Inc., First Quarter 2023 Results
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Asia - Pacific News
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Evolution Petroleum Corporation Fiscal Third Quarter 2023 Results
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W&T Offshore, Inc., First Quarter 2023 Results
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