Service & Supply | Quarterly / Earnings Reports | Oilfield Services | Fourth Quarter (4Q) Update | Financial Results | Capital Markets
Seventy Seven Estimates 2015 Revenues of $1.13B
Print
|
Seventy Seven Energy Inc. reported preliminary estimated and unaudited financial and operational results for the 2015 full year and fourth quarter.
Highlights: Full-year Total Revenues of $1.131 billion Full-year Adjusted EBITDA between $235.0 - $233.0 million Fourth quarter Total Revenues of $192.8 million, including $11.8 million in lump sum drilling contract termination fees Fourth quarter Adjusted EBITDA between $57.0 - $55.0 million Year-end cash balance of $130.6 millionChief Executive Officer Jerry Winchester said: "Despite a very challenging market we are pleased with our fourth quarter execution. We continue to diversify our customer base while tightly managing costs throughout our business. Our fourth quarter results reflect our commitment to this strategy.
"Although we are…
- ✓ 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 Financial Results News
Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…
Cardinal Energy Ltd. First Quarter 2023 Results
Cardinal Energy Ltd. announced first quarter 2023 results. Highlights Production increased 5% over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling…
Headwater Exploration Inc. First Quarter 2023 Results
Headwater Exploration Inc. announced first quarter 2023 results. Highlights Declared second cash dividend of $0.10 per common share and returned $23.5 million to shareholders in April 2023. Production…
Rubellite Energy Inc. First Quarter 2023 Results
Rubellite Energy Inc. announced first quarter 2023 results. Highlights Achieved first quarter conventional heavy oil sales production of 2,990 bbl/d, exceeding the Company’s guidance range of 2,800 to…
Bonterra Eneergy Corporation First Quarter 2023 Results
Bonterra Eneergy Corporation announced first quarter 2023 results. Highlights Production in Q1 2023 averaged 13,464 BOE per day, four percent higher than Q4 2022, driven by an active,…
North America 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…
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…
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…