Exploration & Production | Quarterly / Earnings Reports
SM Energy Switches Up Rig Strategy in Bakken/Three Forks
Print
|
SM Energy Company reported that in the second quarter of 2013, the Company released two of its contracted traditional rigs in its Bakken/Three Forks program and contracted for a more efficient walking rig.
SM Energy continues to focus its drilling on the Bakken and Three Forks formations in its Raven/Bear Den and Gooseneck prospects in McKenzie, Williams and Divide Counties, North Dakota.
Second quarter average daily production for the Company's Bakken/Three Forks program was 13.7 MBOE per day, a 12% sequential increase from the first quarter of 2013 and a 39% increase from the second quarter of 2012. During the second quarter, the Company made 12 gross flowing completions in its operated Bakken/Three Forks program.
The Company expects to make approximately 40 gross flowing completions on its operated Bakken/Three Forks acreage in 2013.
Williston Basin News
Bakken Midstream Project shelved; as future growth projects thin
Hess Midstream highlighted continued throughput growth across its Williston Basin (Bakken/Three Forks) systems, signaling higher utilization in gas gathering and processing. For producers, the only forward-looking capacity signal…
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%…
Vitesse Energy, Inc. First Quarter 2023 Results
Vitesse Energy, Inc. announced first quarter 2023 results. Highlights Completed spin-off from Jefferies Financial Group Inc. (the "Spin-Off") and closed the acquisition of Vitesse Oil, LLC on January…
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…
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…