Top Story | Capital Markets | Capital Expenditure | Capital Expenditure - 2018
Rockies E&P Plans to Spend $160 Million; Piceance and Arkoma
Print
|
Vanguard Natrual Resources, approved an initial capital expenditures budget for 2018 of $160.0 million compared to the $109.9 million we spent in 2017. Our initial 2018 capital expenditures budget includes approximately $135.0 million of drilling and completion capital, or 85% of the total capital budget. More than 97% of the drilling and completion capital is focused on the core growth assets of the Green River, Piceance and Arkoma Basins.
We expect to spend between $90.0 million to $95.0 million or approximately 69% of the drilling capital budget in the Green River Basin at the Pinedalefield where we will participate as a non-operated partner in the drilling and completion of vertical and horizontal wells.
Additionally, we expect to spend between $20.0 million to $26.0 million or…
- ✓ 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 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%…
Mid-Continent - Arkoma Basin News
PHX Minerals Inc., First Quarter 2023 Results
PHX Minerals Inc., announced first quarter 2023 results. Highlights Net income was $9.6 million, or $0.27 per share, compared to net income of $3.3 million, or $0.09 per…
Exxon Mobil First Quarter 2023 Results
Exxon Mobil Corp. announced its first quarter 2023 results. Highlights: Delivered record first quarter earnings of $11.4 billion, demonstrating structural earnings improvements through growth of advantaged assets, mix…
Crescent Energy 4Q, Full Year 2022 Results; Maintenance Capital for 2023
Crescent Energy Company announced its financial and operating results for the fourth quarter and full year 2022 as well as its 2023 guidance. 2023 Outlook Crescent's 2023 outlook…
ExxonMobil Fourth Quarter, Full Year 2022 Results
Exxon Mobil Corp. reported its fourth quarter and full year 2022 results. Exxon announced fourth-quarter 2022 earnings of $12.8 billion, or $3.09 per share assuming dilution, resulting in…
ExxonMobil Third Quarter 2022 Results
Exxon Mobil Corp. reported its third quarter 2022 results. Exxon announced third-quarter 2022 earnings of $19.7 billion, or $4.68 per share assuming dilution. Third-quarter results included net favorable…
Rockies - Piceance/Uinta News
Crescent Energy Co. Second Quarter 2022 Results
Crescent Energy Co. announced financial and operating results for the second quarter of 2022 and a quarterly cash dividend of $0.17 per share. Second Quarter 2022 Highlights: Produced…
ExxonMobil Second Quarter 2022 Results
Exxon Mobil Corp. reported its second quarter 2022 results. Exxon Mobil Corporation today announced estimated second-quarter 2022 earnings of $17.9 billion, or $4.21 per share assuming dilution. Second-quarter…
PHX Minerals Fiscal Second Quarter 2022 Results
PHX Minerals Inc. reported financial and operating results for the second fiscal quarter ended March 31, 2022. Highlights: Royalty production volumes for the second fiscal quarter of 2022…
ExxonMobil First Quarter 2022 Results
ExxonMobil reported its first quarter 2022 results. Highlights: Earned $5.5 billion in first quarter 2022; generated $14.8 billion of cash flow from operating activities, more than covering capital…
Crescent Energy Wraps Up $690MM Acquisition of Uinta Basin Assets
Crescent Energy Co. announced the closing of its previously announced acquisition of Uinta Basin assets. Total cash consideration at closing was approximately $690 million. Crescent CEO David Rockecharlie…