D&C

GeoPark Announces Acquisition of Working Interest in Four High Quality Adjacent Blocks in World Class Vaca Muerta

Retrieved on: 
月曜日, 5月 13, 2024
Oil, Gas, Energy, Partnership, RLI, Transport, Mercuria, Completion, D&C, Certification, Growth, Barrel, Hydrocarbon, Acquisition, PGR, Multimedia, P50, Eugene McDermott

This press release features multimedia.

Key Points: 
  • This press release features multimedia.
  • View the full release here: https://www.businesswire.com/news/home/20240513403777/en/
    The Vaca Muerta shale formation is the best onshore hydrocarbons play in Latin America today.
  • It holds an estimated 16 billion bbl of oil and 300+ Tcf of unconventional gas resources with less than 10% developed to date1
    Oil production from Vaca Muerta has grown almost 4x since 2019 to 352,715 bopd2.
  • We are particularly encouraged by achieving this strategic step change alongside PGR, a proven and established operator with world class shareholders and great success in efficiently developing and de-risking the unconventional opportunities in Vaca Muerta.”

Magnolia Oil & Gas Corporation Announces First Quarter 2024 Results

Retrieved on: 
火曜日, 5月 7, 2024
Oil, Gas, Energy, LOE, Total, Common, D&C, Austin, Texas, Class, Webcast, Eagle Ford, Dallas, Public expenditure, Knowledge, Interest, Common stock, Acquisition, Share repurchase, Bank statement, GAAP, Lunar phase, Growth

First quarter D&C capital represented approximately 52% of adjusted EBITDAX and was 15% lower than the prior-year’s first quarter.

Key Points: 
  • First quarter D&C capital represented approximately 52% of adjusted EBITDAX and was 15% lower than the prior-year’s first quarter.
  • Total production in the first quarter of 2024 grew 7% on a year-over-year basis to 84.8 thousand barrels of oil equivalent per day (“Mboe/d”) including 37.5 thousand barrels per day of oil.
  • On April 30, 2024, Magnolia acquired oil and gas properties in Giddings from a private operator encompassing roughly 27,000 net acres for approximately $125 million.
  • Includes $2.9 million of share repurchases incurred during the first quarter, but settled during the second quarter of 2024, and excludes $1.7 million of share repurchases incurred during the fourth quarter of 2023, but settled during the first quarter of 2024.

Permian Resources Announces Strong First Quarter 2024 Results and Increases Full Year Guidance

Retrieved on: 
火曜日, 5月 7, 2024
Energy, Other Energy, Oil, Gas, Permian, LOE, Debt-to-GDP ratio, Appendix, Acceleration, D&C, Natural gas, GP, Hand, Security (finance), Conference, Acquisition, Process control block, Bank statement, Interest, Cryptocurrency

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its first quarter 2024 financial and operational results and revised 2024 guidance.

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its first quarter 2024 financial and operational results and revised 2024 guidance.
  • “Outstanding well results and higher operational efficiencies across both legacy Permian Resources and Earthstone assets drove robust production during the quarter.
  • “Our strong first quarter production results were primarily driven by better than expected well performance, strong production runtimes and acceleration from continued operational efficiencies,” said Will Hickey, Co-CEO.
  • Permian Resources will host an investor conference call on Wednesday, May 8, 2024 at 9:00 a.m. Central (10:00 a.m. Eastern) to discuss first quarter 2024 operating and financial results.

Gulfport Energy Reports First Quarter 2024 Financial and Operational Results

Retrieved on: 
火曜日, 4月 30, 2024
Energy, Other Energy, Oil, Gas, Public expenditure, Share repurchase, Bank statement, News, GAAP, D&C

Gulfport repurchased approximately 210.1 thousand shares of common stock at a weighted-average share price of $140.39 during the first quarter of 2024, totaling approximately $29.5 million.

Key Points: 
  • Gulfport repurchased approximately 210.1 thousand shares of common stock at a weighted-average share price of $140.39 during the first quarter of 2024, totaling approximately $29.5 million.
  • Gulfport now forecasts approximately 65% of its D&C capital expenditures will be invested during the first half of 2024.
  • Gulfport will host a teleconference and webcast to discuss its first quarter of 2024 results beginning at 10:00 a.m.
  • First quarter of 2024 earnings results and supplemental information regarding quarterly data such as production volumes, pricing, financial statements and non-GAAP reconciliations are available on our website at ir.gulfportenergy.com .

Permian Resources Announces Strong Fourth Quarter 2023 Results and Provides Highly Capital Efficient Full Year 2024 Plan

Retrieved on: 
火曜日, 2月 27, 2024
Energy, Other Energy, Oil, Gas, Permian, Acquisition, Weather, GP, Annual report, Interest, Natural gas, Growth, D&C, Foot, Resource, Conference, PR, LOE, Public expenditure, Security (finance), Hand, G&A, Appendix, Bank statement

Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its fourth quarter and full year 2023 financial and operational results and 2024 operational plans.

Key Points: 
  • Permian Resources Corporation (“Permian Resources” or the “Company”) (NYSE: PR) today announced its fourth quarter and full year 2023 financial and operational results and 2024 operational plans.
  • “During the fourth quarter, Permian Resources reported another strong quarter of production outperformance and operational improvements in the midst of closing the Earthstone acquisition.
  • With a focus on capital returns, Permian Resources’ 2024 operational budget delivers a highly capital efficient plan that maximizes free cash flow and value for its investors.
  • Permian Resources will host an investor conference call on Wednesday, February 28, 2024 at 8:00 a.m. Central (9:00 a.m. Eastern) to discuss fourth quarter and full year 2023 operating and financial results.

NOG Provides Fourth Quarter 2023 Operations Update and Preliminary 2024 Guidance

Retrieved on: 
木曜日, 2月 15, 2024
Energy, Natural Resources, Mining, Minerals, Oil, Gas, Permian, Ground game, Acquisition, NYMEX, Weather, Natural gas, Growth, D&C, Dislocation, Freezing, TILS, Forge, Acceleration, Public expenditure, NOG, Henry Hub, MPDC, Video game

Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced a fourth quarter 2023 operations update, also highlighting elective Ground Game acquisitions, and preliminary 2024 guidance.

Key Points: 
  • Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced a fourth quarter 2023 operations update, also highlighting elective Ground Game acquisitions, and preliminary 2024 guidance.
  • Fourth quarter 2023 production estimated to be 114.4 Mboe per day, resulting in annual production toward the high end of NOG’s guidance range
    Production volumes in the fourth quarter of 2023 are estimated to have averaged 114.4 Mboe per day.
  • Consequently, NOG incurred approximately $50 million of capital in the fourth quarter that was previously planned for 2024.
  • NOG expects first quarter 2024 production volumes to be slightly lower than the fourth quarter of 2023.

Magnolia Oil & Gas Corporation Announces 2023 Fourth Quarter and Year End Results

Retrieved on: 
水曜日, 2月 14, 2024
Oil, Gas, Energy, Well, Acquisition, Quarter, Weather, Annual report, Class, Interest, Share repurchase, Common stock, D&C, Retirement, Growth, Common, GAAP, Webcast, Public expenditure, Bank statement, Environment

Net cash provided by operating activities was $246.9 million during the fourth quarter of 2023 and $855.8 million during full year 2023.

Key Points: 
  • Net cash provided by operating activities was $246.9 million during the fourth quarter of 2023 and $855.8 million during full year 2023.
  • The Company generated free cash flow(1) of $131.3 million during the fourth quarter of 2023 and $412.9 million during full year 2023.
  • In the fourth quarter of 2023, production at Giddings and Other grew 46% compared to the prior year fourth quarter to 63.0 Mboe/d including oil production growth of 48%.
  • Magnolia repurchased 2.5 million Class A Common shares during the fourth quarter for $54.2 million.

Magnolia Oil & Gas Corporation Announces Third Quarter 2023 Results

Retrieved on: 
水曜日, 11月 1, 2023
Other Natural Resources, Other Energy, Mining, Minerals, Oil, Gas, Energy, Natural Resources, Austin Chalk, Eagle Ford, Dallas, Share repurchase, GAAP, Acquisition, Bank statement, D&C, Common stock, Eagle Ford Group, Growth, Common, Interest, Webcast, Class, Karnes, Video game, Rare-earth element, Car rental, Bank, Fine chemical, Risk management, Cryptocurrency

Magnolia reported third quarter 2023 net income attributable to Class A Common Stock of $102.0 million, or $0.54 per diluted share.

Key Points: 
  • Magnolia reported third quarter 2023 net income attributable to Class A Common Stock of $102.0 million, or $0.54 per diluted share.
  • Total production in the third quarter of 2023 grew 1% sequentially to 82.7 thousand barrels of oil equivalent per day (“Mboe/d”).
  • Includes $1.2 million of share repurchases incurred during the third quarter, but settled during the fourth quarter of 2023, and excludes $1.1 million of share repurchases incurred during the second quarter, but settled during the third quarter of 2023.
  • Magnolia will host an investor conference call on Thursday, November 2, 2023 at 10:00 a.m. Central (11:00 a.m. Eastern) to discuss these operating and financial results.

NOG Provides Preliminary Financial and Operational Updates for the Third Quarter of 2023

Retrieved on: 
水曜日, 10月 25, 2023
Oil, Gas, Natural Resources, Energy, Mining, Minerals, Other Energy, Permian, NYSE, NOG, Public expenditure, DD, Acquisition, Ground game, D&C, Novo, Growth, Boe, Natural gas, D, Video game, Coal

Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced an update on Ground Game acquisitions and certain other financial and operational items for the third quarter of 2023.

Key Points: 
  • Northern Oil and Gas, Inc. (NYSE: NOG) (the “Company” or “NOG”) today announced an update on Ground Game acquisitions and certain other financial and operational items for the third quarter of 2023.
  • The Company closed on eight Ground Game transactions during the third quarter of 2023, concentrated in the Permian Basin.
  • NOG also experienced accelerated well proposal activity in the third quarter, driven by improved commodity prices.
  • The Company turned in-line an estimated 22.6 net wells during the third quarter compared to 13.8 net wells in the second quarter, a 64% sequential increase.

SilverBow Resources Announces Second Quarter 2023 Results

Retrieved on: 
水曜日, 8月 2, 2023
Oil, Gas, Energy, Dorado, LOE, Capital expenditure, International, Atlas, Table, D&C, Internet, Line of credit, NGL, Central Time, T&P, EBITDA, Finance Secretary (India), Primary Dealer Credit Facility, Henry Hub, Natural gas, Corporation, Form, WTI, Webcast, Growth, Transport, Adjustment, Credit, News, NYSE, Conference, Reinsurance, Renewable energy, Risk management, Cryptocurrency, Iranian Central Oil Fields Company, D

SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the second quarter of 2023.

Key Points: 
  • SilverBow Resources, Inc. (NYSE: SBOW) (“SilverBow” or the “Company”) today announced operating and financial results for the second quarter of 2023.
  • Net oil production for the second quarter of 2023 averaged 12,491 Bbls/d, an increase of 184% compared to the second quarter of 2022.
  • SilverBow reported total oil and gas sales of $126.4 million for the second quarter of 2023.
  • Investors and participants can listen to the call by dialing 1-888-415-4465 (U.S.) or 1-646-960-0140 (International) and requesting SilverBow Resource's Second Quarter 2023 Earnings Conference Call or by visiting the Company's website.