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SRC Energy Inc

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80 articles mentioning SRC Energy Inc · Page 1 of 4

PDC Energy Completes $1.7B Acquisition of SRC Energy

PDC Energy Completes $1.7B Acquisition of SRC Energy

PDC Energy, Inc. has completed its acquisition of SRC Energy Inc. The deal was valued at approximately $1.7 billion, including SRC's net debt of approximately $685 million. The deal was approved by PDC stockholders and SRC...

SRC Energy Inc

Mergers & Acquisitions Review: Q4 & Full Year 2019 - Deal Count Falls

Mergers & Acquisitions Review: Q4 & Full Year 2019 - Deal Count Falls

Shale Experts tracked $92.4 billion in transactions in 2019. In Q4 2019 we saw an interesting trend where the appetite for M&A increased to the highest since 2017. See chart below. Q4 2019 Deal Activity US...

SRC Energy Inc

PDC, SRC Energy in Talks for Potential Merger Deal

PDC, SRC Energy in Talks for Potential Merger Deal

DJ Basin operators PDC Energy and SRC Energy are in talks regarding a potential merger deal, according to a report by Bloomberg. If a merger agreement is reached, the resulting company would create one of the...

SRC Energy Inc

SRC Energy Details Q2 2019 Results

SRC Energy Details Q2 2019 Results

SRC Energy Inc. reports its financial results for the three and six months ended June 30, 2019. Second Quarter 2019 Highlights Revenues were $162.6 million and $352.1 million for the three and six months ended June...

SRC Energy Inc

SRC Energy Revises 2019 Production Forecast; Talks Q1 Output

SRC Energy Revises 2019 Production Forecast; Talks Q1 Output

SRC Energy Inc. has reported preliminary first quarter 2019 operating results, provides an operations update as well as updated its 2019 production expectations. Increased Production Expectations The Company's initial production guidance for 2019 included a level...

SRC Energy Inc

SRC Energy Cutting Completions 45% for 2019; Spending Down 25%

SRC Energy Cutting Completions 45% for 2019; Spending Down 25%

SRC Energy detailed its 2019 budget. *The budget assumes a flat $50 NYMEX oil and $3 Henry Hub natural gas price assumption 2019 Plans - 2019 Capex: $425-450 million - 2019 Production: 59,000-62,000 BOEPD (a +20%...

SRC Energy Inc

DJ Basin-Focused SRC Energy Talks 2019 Spending Plans

DJ Basin-Focused SRC Energy Talks 2019 Spending Plans

In its latest investor presentation, SRC Energy gave us a glimpse of their plans for 2019. The company noted: "Drilling and completion budget will align with cash flows at $55 WTI while providing year-over-year production growth."...

SRC Energy Inc

SRC Energy Talks Latest D&C Activity, Well Status; Output Up +22% YOY

SRC Energy Talks Latest D&C Activity, Well Status; Output Up +22% YOY

SRC Energy Inc. reported its Q3 2018 results. Production Highlights: - Q3 2018 production of 49.2 MBOEPD - up +22% YOY and up +3% from 2Q18 DJ Basin - Current Well Status / Drilling SRC Energy...

SRC Energy Inc

SRC IDs 22% YOY Output Growth in Q3; Adds Second Completion Crew, Ups Capex

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% from the prior quarter. Three Months Ended 9/30/2018...

SRC Energy Inc

SRC Reports 'Significant Operational Challenges' in Q2; Output Up 65% YOY

SRC Reports 'Significant Operational Challenges' in Q2; Output Up 65% YOY

SRC Energy has reported its preliminary Q2 2018 results. Lynn A. Peterson, Chairman and CEO of SRC Energy Inc. commented on the 'challenging' quarter: "While this was a challenging quarter, we see light at the end...

SRC Energy Inc

SRC Gets +200% Oilier YOY in Q1; Total Production Up Over 150% to 45.4 MBOEPD

SRC Gets +200% Oilier YOY in Q1; Total Production Up Over 150% to 45.4 MBOEPD

SRC Energy reported its Q1 2018 results. Production Highlights Crude oil volumes up +200% YOY to 2,041 MBbls Q1 2018 production up 156% YOY to 45.4 MBOEPD Drilling Activity Financial Highlights: Revenues were $147.2 million for...

SRC Energy Inc

SRC Energy Hits 34.2 MBOEPD in Output; Up 193% YOY

SRC Energy Hits 34.2 MBOEPD in Output; Up 193% YOY

SRC Energy reported its Q4 and year end 2017 results. 2017 Highlights: Production of 34.2 MBOEPD - up 193% YOY Revenues were $140.1 million and $362.5 million for the three and twelve months ended December 31,...

SRC Energy Inc

SRC Energy IDs 2018 Budget; Details Wattenberg Drilling Plans

SRC Energy IDs 2018 Budget; Details Wattenberg Drilling Plans

DJ Basin-focused SRC Energy has detailed its 2018 capex and development plans. SRC's operational program for 2018 is similar to the program executed in 2017. Details: - 2018 D&C Capex: $480-540 million (up +11% at the...

SRC Energy Inc

SRC Energy Adds New Independent Director to Board

SRC Energy Adds New Independent Director to Board

SRC Energy has appointed Jennifer S. Zucker to its board of directors as an independent director, effective immediately. About Zucker: Ms. Zucker is an attorney with Greenberg Traurig in Washington D.C. where she joined as a...

SRC Energy Inc

SRC Grows Production 274% YOY

SRC Grows Production 274% YOY

SRC Energy reported its Q3 2017 results. Highlights include: SRC's average daily production in Q3 was 40,378 boe/d, a 274% increase from Q3 2016 when average daily production was 10,794 boe/d.] The company additionally drilled 24...

SRC Energy Inc

SRC's Credit Line, Production Guidance Increased as Well Results Impress

SRC's Credit Line, Production Guidance Increased as Well Results Impress

SRC Energy has announced several updates, including: Increased Production Guidance: Expects 3Q production of 40-41 MBOEPD. Based on current production volumes and expected timing of fourth quarter 2017 completions, the Company now expects full-year production to...

SRC Energy Inc

SRC Dialing Down Drilling in 2H17; Lowers Production Guidance by -21%

SRC Dialing Down Drilling in 2H17; Lowers Production Guidance by -21%

SRC Energy (DJ Basin focus) has detailed its Q2 2017 results. Highligts include: Decreased Production Guidance -21%: Revised production guidance of 25,000-27,000 BOEPD (down -21% from 32,000-34,000). Releasing Second Completion Crew in 2H17 - Company's 2017...

SRC Energy Inc

E&P Company Talks 831 Boe/d Niobrara/Codell Wells

E&P Company Talks 831 Boe/d Niobrara/Codell Wells

SRC Energy updated its drilling activity in the Codell/Niobrara. Completions activity on the Evans pad commenced late in 2016 and the 22 wells were completed in tranches of 5 to 6 wells each.

SRC Energy Inc

Wattenberg-Focused SRC Ups Production 29% YoY; 800 Mboe EUR Type Curve

Wattenberg-Focused SRC Ups Production 29% YoY; 800 Mboe EUR Type Curve

SRC Energy, who most recent changed its name from Synergy reported its 1Q17 Results.

SRC Energy Inc

SRC Energy Increases 2017 Capex; Talks Q1 Drilling Activity

SRC Energy Increases 2017 Capex; Talks Q1 Drilling Activity

SRC Energy has detailed its preliminary Q1 2017 results as well as increased its 2017 budget.

SRC Energy Inc