E&P Earnings Recap: Mixed Results From Shale Producers

First-quarter earnings from shale producers Continental, Concho, Devon, Encana and Antero come in strong but with mixed results.

Ellen

Chang

Contributor

Mon, 05/06/2019 - 07:45 AM

E&P companies reported mixed first-quarter results despite a rebound in crude oil prices from the decline at the end of 2018.

Continental Resources Inc., Concho Resources Inc., Devon Energy Corp., Encana Corp. and Antero Resources Corp. are among E&Ps that have reported results so far this earnings season.

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FMC Technologies Awarded Contract for Shell Appomattox

FMC Technologies will provide enhanced vertical deepwater trees, subsea manifolds, topside controls, a control system and a distribution system for the field, which is in the Mississippi Canyon area of the eastern GoM in 7,200 ft of water.

B-Rigs set new pace

New ‘walking’ rigs use a box-on-box design to operate on multiwell pads in sensitive, space-restricted areas. (See video of rig)

Fluidic oscillation enhances CT interventions

Fine tuned fluidic oscillation helps increase and extend production in declining wells.coiled tubing (CT) technologies.

E&P Earnings Recap: Mixed Results From Shale Producers

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Ellen Chang

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FMC Technologies Awarded Contract for Shell Appomattox

B-Rigs set new pace

Fluidic oscillation enhances CT interventions

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