Well Lateral Length | Drilling / Well Results | Quarterly / Earnings Reports | Third Quarter (3Q) Update | IP Rates-30-Day | IP Rates-24 Hour | Initial Production Rates | Capital Markets | Capital Expenditure | Drilling Program-Rig Count
Oxy's Big New Mexico Focus Pays Off with 7 Wells Average IP-30 of 3,750 BOEPD
Print
|
Occidental Petroleum released its Q3 results. Highlights include:
Total production of 600 mboe/d in Q3, which was the low end of the guidance due to Hurricane Harvey Permian production was 139 mboe/d, despite losing 1,000 boe/d from the impacts of Harvey Spent $950 mm in Q3 and plan to spend $1.1 billion in Q4, which will put Oxy at its capital guidance of $3.6 billion by the end of 2018 Greater Sand Dunes:Oxy put a total of 7 wells in Greater Sand Dunes online with IP-30 with an average of IP-30 of 3,750 boe/d. In Q4, Oxy expects to put an additional 20 wells online in New Mexico.
Additionally, the Cedar Canyon 23 24 Fed 32H well in the Greater Sand Dunes IP-24 was 6,497 boe/d and a peak IP-30 rate of 3,728 boe/d (69% oil). This, along with other Cedar Canyon wells, provided Oxy…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
More Third Quarter (3Q) Update News
Keystone Runs Steady as Blackrod Gas Link Nears Startup
Nov. 13, 2025 South Bow’s 3Q25 update was operationally focused: the Keystone Pipeline System maintained steady utilization while the company advanced integrity work tied to the MP-171 incident,…
Evolution Petroleum Corporation Fiscal Third Quarter 2023 Results
Evolution Petroleum Corporation announced fiscal third quarter 2023 results. Highlights Reported sequential growth in revenue of 9% to a record $36.9 million and in net income of 34%…
Civitas Resources Third Quarter 2022 Results
Civitas Resources, Inc. announced its third quarter 2022 financial and operating results. Third Quarter 2022 Highlights: Average daily sales volumes of 176.3 thousand barrels of oil equivalent per…
Murphy Oil Third Quarter 2022 Results
Murphy Oil Corp. announced its financial and operating results for the third quarter 2022. Murphy reported net income attributable to Murphy of $528 million, or $3.36 per diluted…
ConocoPhillips Third Quarter 2022 Results
ConocoPhillips reported its third quarter 2022 results. The company reported third-quarter 2022 earnings of $4.5 billion, or $3.55 per share, compared with third-quarter 2021 earnings of $2.4 billion,…
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),…