Earnings
Earnings , Unconventional , Shale Plays
Encana CEO: Third Quarter Was ‘Anything But Boring’
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.
Earnings , Exploration & Production , Shale Plays
Apache Reorganizes Operations As Oil Prices Remain Weak
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.
Earnings , Exploration & Production , Shale Plays
Continental Resources Profit Plunges On Weak Prices
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.
Earnings , Field Development
Concho Resources Grows Permian Basin Production, Reduces Costs
The company reported Oct. 29 net income of $558 million for third-quarter 2019, compared to a loss of $199 million a year earlier.
Earnings , Exploration & Production
Higher Bakken Output Helps Hess Post Smaller Loss, Raise Production View
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.
Earnings , Exploration & Production
Concho Resources Misses Profit Estimates On Lower Natural Gas, Crude Prices
Excluding items, Concho’s profit fell to 61 cents per share, below analysts’ average estimate of 69 cents per share, according Refinitiv IBES.
Earnings , Technology
Baker Hughes Adjusted Profit Rises On Strong Foreign Demand
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.
Earnings
Record Output Helps Total Post Smaller Than Expected Profit Slide
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.
Earnings , Field Development
ConocoPhillips Preps For More Drilling In Alaska
The company reported Oct. 29 third-quarter 2019 earnings of $3.1 billion, up from $1.9 billion a year earlier.
Earnings , Shale Plays , Enhanced Oil Recovery , Pressure Pumping
U.S. Silica Sees Lower Frac Sand Demand, Shares Tumble
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.