Operational Updates | Well Cost | Top Story | Quarterly / Earnings Reports | Proppant | Second Quarter (2Q) Update | Initial Production Rates | Financial Results | Capital Markets
Penn Virginia Tweaking Completions; More Proppant, Slickwater Fracs
Print
|
Penn Virginia Corporation reported financial results for the three months ended June 30, 2015 and provided updates of its operations and 2015 capital plan and guidance.
Key Highlights: Product revenues increased to $118.0 million from $110.6 million, including oil and gas derivatives. Realized oil, gas and natural gas liquids (NGLs) prices were $82.44 per barrel, $2.54 per thousand cubic feet (Mcf) and $13.53 per barrel, compared to $71.79 per barrel, $3.14 per Mcf and $13.60 per barrel, including oil and gas derivatives. Unit production costs, including lease operating expense, gathering, processing and transportation expenses and production and ad valorem taxes, decreased to $10.40 per barrel of oil equivalent (BOE) from $10.68 per BOE. Recurring unit production and general and…- ✓ 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 Completion Design News
Today in Completions: DJ Basin Well Hits 1,400 BOEPD IP24 (82% Oil)
Upland Exploration, Inc. has reported a company record IP from its recently completed seven-well pad in the DJ Basin. In Weld County, CO, Upland's Little Lady 22-1NH well…
RPC's Q2 / Outlook: D&C to Decline in 2H19; Zipper Frac, Regional Activity
RPC Inc. reported its Q2 2019 results - here are the highlights. RPC's revenues decreased compared to the prior year primarily due to lower pricing, lower activity levels…
HighPoint's Q1 Drilling Up, Completions Down 40% YOY; Touts Wattenberg Results
HighPoint Resources reported its Q1 2019 results. Here are the highlights. Q1 Summary - Well Activity (gross): Drilled 28 wells / TIL 12 wells in Q1 - up…
Whiting's Q1 Production Only Up 1% YOY Despite +42% Jump in D&C Activity
Whiting Petroleum reported its Q1 2019 results. Here are the highlights from its report and presentation. Q1 Summary - Well Activity (gross): Drilled 34 wells / Completed 27…
Bonanza Creek Completions Up +175% YOY; New High Intensity Stimulations
Bonanza Creek Energy Inc. reported its Q1 2019 results. Highlights from its report and presentation are below. Q1 Summary - Well Activity (gross): Drilled 13 wells / TIL…
Gulf Coast - South Texas News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…
Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
Silver Hill Energy Partners has acquired 100 percent of 1776 Energy’s South Texas oil and gas assets, significantly expanding its operated footprint across the Eagle Ford and Austin…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
North America News
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…
Advantage Plans $300–$330MM 2026 Capital Program
Advantage’s 2026 development plan centers on Glacier-focused drilling and key midstream work. The company plans total capital spending of $300 million to $330 million and expects production to…
Paramount Targets 42% Higher 2026 Capex, More Duvernay Wells
Paramount Resources is stepping up investment in 2026 as it advances the Willesden Green Duvernay (Central Alberta Region) buildout and launches major infrastructure at Sinclair (Montney). The company…
Birchcliff Targets Higher 2026 Output on Larger Capital Budget
Birchcliff’s updated 2025 plan targets higher production within a tightened capital range, supported by faster cycle times and lower costs. The company increased 2025 annual average production guidance…