Earnings

Earnings , Unconventional , Shale Plays

Low Permian Gas Prices Bring Down Quarterly Profit For Apache

One of the company’s Permian Basin fields risks losing some capital if pricing doesn’t improve.

August 1, 2019

Earnings , Exploration & Production , Shale Plays

Apache’s Adjusted Quarterly Profit Plunges On Lower Prices

The company reported a 43.6% fall in natural gas prices per thousand cubic feet in the reported quarter on lower demand coupled with surging production.

August 1, 2019

Earnings , Exploration & Production , Shale Plays

Concho Resources’ Profit Falls 25% On Lower Crude, Gas Prices

Concho, which operates in the Delaware and Midland basins of the prolific Permian shale field, said total production rose to 328,681 barrels of oil equivalent per day (boe/d) from 228,958 boe/d a year earlier.

July 31, 2019

Earnings , Exploration & Production , Shale Plays

Hess Loss Smaller Than Expected On Higher Bakken Output

Production rose about 23% to 140,000 barrels of oil equivalent per day (boe/d) from Bakken and about 38% to 65,000 boe/d from the Gulf of Mexico.

July 31, 2019

Earnings , Unconventional , Shale Plays

Encana Beats Estimates On Higher Permian, Anadarko Production

Encana edged past estimates for quarterly profit on July 31, helped by increased shale oil production in the Anadarko and Permian basins.

July 31, 2019

Earnings , Pressure Pumping

Weir Group First Half Hit By Tough North America Market

Shares of the FTSE 250 company fell 3.2% as of 3:00 a.m. CT after the company also reported a 7% drop in like-for-like orders.

July 30, 2019

Earnings , Shale Plays , Well Stimulation

U.S. Silica Holdings Tops Profit Estimates On Higher Volumes

Frac sand miner U.S. Silica Holdings reported a bigger-than-expected quarterly profit on July 30, as it sold more sand to U.S. shale producers.

July 30, 2019

Earnings , Exploration & Production

BP Profit Again Outstrips Forecasts, Lifted By Higher Oil Output

The second-quarter profit was up from $2.4 billion in the previous quarter, while BP’s operating cash flow recovered to $6.8 billion in the quarter from $5.3 billion in the previous quarter as a result of a one-off working capital release.

July 30, 2019

Earnings , Exploration & Production

ConocoPhillips Adjusted Profit Falls On Lower Crude Prices

U.S. light crude prices averaged $59.91 per barrel in the second quarter, 11.8% lower than a year earlier, while Brent crude averaged $68.47 per barrel, 8.7% lower than a year earlier.

July 30, 2019

Public Capital , Earnings , Exploration & Production , Shale Plays , Acquisitions & Divestitures , Trends

Exxon Mobil’s Second-Quarter Results Expected To Sag

Exxon Mobil "is always countercyclical" and "has to be viewed in the long term," says John Groton, director of equity research at Thrivent Asset Management.

July 30, 2019