This week's Headlines comes from DUG Rockies in Denver where Whiting Petroleum’s president and CEO, Brad Holly, said during his opening keynote that his company is looking at exiting the D-J Basin and focusing on the Bakken.
Also this week, ConocoPhillips, Royal Dutch Shell, Total and Hess Corp. benefitted from higher oil prices and production growth in the first quarter. Service giants Schlumberger and Halliburton overcame North American operation challenges and write-offs of Venezuela investment to post gains over last year.
And about those oil prices, Brent set a three year high this week. Will it get to $75 again?
Sources:
Recommended Reading
Exxon, Chevron Tapping Permian for Output Growth in ‘24
2024-02-02 - Exxon Mobil and Chevron plan to tap West Texas and New Mexico for oil and gas production growth in 2024, the U.S. majors reported in their latest earnings.
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
2024-04-04 - The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
Uinta Basin: 50% More Oil for Twice the Proppant
2024-03-06 - The higher-intensity completions are costing an average of 35% fewer dollars spent per barrel of oil equivalent of output, Crescent Energy told investors and analysts on March 5.
Canadian Natural Resources Boosting Production in Oil Sands
2024-03-04 - Canadian Natural Resources will increase its quarterly dividend following record production volumes in the quarter.
Petrie Partners: A Small Wonder
2024-02-01 - Petrie Partners may not be the biggest or flashiest investment bank on the block, but after over two decades, its executives have been around the block more than most.