Energen Corporation reported that it is assessing the impact of severe winter weather on its Permian Basin operations.
Adverse weather conditions began affecting the company's operations in the Delaware and Midland basins and Central Basin Platform on December 30, 2014. The storm's impacts include power outages, trucking curtailments, limited access to production and drilling facilities, and frozen facilities.
Given the timing of the storm, the company's fourth quarter 2014 production is expected to be minimally affected (less than 100,000 barrels of oil equivalent); additional production impacts will be felt in the first quarter of 2015 and will be reflected in the company's 2015 guidance to be issued after the market closes on February 12.
Related Categories :
Exploration & Production
More Exploration & Production News
-
Silverbow Resources Touts New "Dorado Play" in Webb County, TX
-
APA Corp. Strikes Oil Offshore Suriname at Baja-1 Well; Dry Hole at Block 58
-
ExxonMobil Ups Estimate of Stabroek Block to 10 Billion BOE
-
Murphy Oil Corp. Second Quarter 2021 Results
-
Conoco Touts New North Sea Discovery; 75-200 MMBOE Potential
Permian News >>>
-
Seventeen (17) E&Ps; To Use 47 Frac Crews To Complete 2,800 Wells In 2024
-
These Permian Operators Plan to Complete/Frac 2,100 Wells IN 2024
-
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
-
Permian E&P Ups 2024 Well Completed by +27% vs. 2023
-
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside -