Well Cost | Quarterly / Earnings Reports | Fourth Quarter (4Q) Update | Financial Results | Forecast - Production | Capital Markets | Capital Expenditure | Capital Expenditure - 2018
RSP Eyes +41% Production Growth for 2018; Budget Up +30%
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RSP Permian has detailed its 2018 outlook as well as its Q4 2017 results.
2018 Plans- 2018 Capex: $815-895 million (up nearly +30% from the $663 million midpoint for 2017)
D&C: $725-785 million Infrastructure/Other: $90-110 million- 2018 Production: 72.0 - 78.0 MBoe/d (up 30%-41% over 2017)
- Expanded Hedges: Expanded hedge profile covering approximately 60% of 2018E oil production volumes at the midpoint
Q4 Highlights4Q17 production increased 74% to 62.4 MBoe/d (71% oil, 88% liquids) compared to 4Q16 and full year 2017 production increased 89% to 55.3 MBoe/d (72% oil, 88% liquids) compared to 2016
Midland Basin
Spanish Trail 333 01H Wolfcamp A well (8,600') established a peak 30-day average rate of 1,821 Boe/d or 212 Boe/d per 1,000' (84% oil) Basin leader in the development…- ✓ Full news archive — U.S., Canada & international coverage
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More Capital Expenditure - 2018 News
Range Resources Spends $20MM Less than Expected in 2018
Range Resources announced that 2018 capital spending is currently estimated to be approximately $20 million below the $941 million budgeted for the year. The Company's 2018 program was…
Canada Well Forecast for 2019 Will Fall 20% Year over Year
We were asked by a customer of ours to provide them with a detailed forecast of Canada Drilling & Completion activity forecast. So we looked at the data…
QEP Ups 2018 Capex for More Permian Wells, Williston Refracs; Minimal Output Growth
QEP Resources reported its Q3 2018 results. Increases 2018 Capex for Permian Wells, Williston Refracs Increased full year 2018 capital expenditure guidance by 4% at the midpoint to…
Approach Defers Completion in Q3; Will Spend Less than Expected in 2018
Approach Resources reported third quarter 2018 financial and operational results. Defers Q3 Completions; Capex Will be -21% Below Midpoint of Original Budget - Q3 Production of 1,043 MBoe…
SRC IDs 22% YOY Output Growth in Q3; Adds Second Completion Crew, Ups Capex
SRC Energy Inc. has detailed its preliminary Q3 2018 operating results and recent well activity. Production Summary Production is up +22% YOY at 49.2 MBOEPD and up +3%…
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…
Ring Energy, Inc., First Quarter 2023 Results
Ring Energy, Inc., announced first quarter 2023 results. Highlights Grew first quarter 2023 sales volumes 2% to a record 18,292 barrels of oil equivalent per day ("Boe/d") (69%…
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…
Permian - Midland Basin News
HighPeak Energy, Inc., First Quarter 2023 Results
HighPeak Energy, Inc., announced first quarter 2023 results. Highlights Produced average sales volumes of 37,222 barrels of crude oil equivalent per day ("Boe/d"), consisting of 85% crude oil…
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),…
Coterra Energy Inc., First Quarter 2023 Results
Coterra Energy Inc., announced first quarter 2023 results. Highlights Net Income (GAAP) totaled $677 million, or $0.88 per share. Adjusted Net Income (non-GAAP) was $661 million, or $0.87…
Diamondback Energy Reducing 2023 Drilling Program
Diamondback Energy, Inc. announced first quarter 2023 results. However during the earnings call. Here are a few things the company said. "We are going to reduce our rig…
SM Energy Company announced its first quarter 2023 results
SM Energy Company announced its first quarter 2023 results. Highlights Growing profitability. In the first quarter 2023, net income was $198.6 million, or $1.62 per diluted common share,…