The company reported production gains, including in the Anadarko and Permian basins, higher net income, a name change and corporate domicile in the U.S.
Apache said it has reduced drilling activity at Alpine High and deferred completion activity into next year, resulting in a 5% decrease in production from the Permian Basin in the current quarter.
Continental Resources' total production rose 12% to 332,315 barrels of oil equivalent per day, primarily boosted by higher output at its Bakken shale basin.
The company reported Oct. 29 net income of $558 million for third-quarter 2019, compared to a loss of $199 million a year earlier.
Production from Bakken rose 38% to 163,000 barrels of oil equivalent per day (boe/d) in the quarter, helping net production, excluding Libya, rise about 4% to 290,000 boe/d.
Excluding items, Concho’s profit fell to 61 cents per share, below analysts’ average estimate of 69 cents per share, according Refinitiv IBES.
Baker Hughes Co. reported a rise in quarterly adjusted profit on Oct. 30, helped by increased demand for its oilfield services and higher margins for its turbomachinery such as gas turbines and compressors.
French oil major Total reported a smaller than expected third-quarter profit fall as record production growth countered crude and gas price declines that sent profit down 24% year on year.
While sand sales to oil and gas customers fell 1% sequentially, pricing was "significantly lower" with new mines coming online in West Texas and overcrowding the market.