Canadian petroleum companies

Battalion Oil Corporation Announces Third Quarter 2023 Financial and Operating Results

Retrieved on: 
Wednesday, November 15, 2023

HOUSTON, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the third quarter of 2023.

Key Points: 
  • HOUSTON, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the third quarter of 2023.
  • Excluding the impact of hedges, Battalion realized 100.3% of the average NYMEX oil price during the third quarter of 2023.
  • Lease operating and workover expense was $10.13 per Boe in the third quarter of 2023 versus $9.93 per Boe in the third quarter of 2022.
  • Gathering and other expense was $13.26 per Boe in the third quarter of 2023 versus $11.16 per Boe in the third quarter of 2022.

DAWSON GEOPHYSICAL REPORTS THIRD QUARTER 2023 RESULTS

Retrieved on: 
Thursday, November 9, 2023

MIDLAND, Texas, Nov. 9, 2023 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) (the "Company") today reported unaudited financial results for its third quarter ended September 30, 2023.

Key Points: 
  • MIDLAND, Texas, Nov. 9, 2023 /PRNewswire/ -- Dawson Geophysical Company (NASDAQ: DWSN) (the "Company") today reported unaudited financial results for its third quarter ended September 30, 2023.
  • Financial and operational results include the business and assets the Company acquired from Breckenridge Geophysical, LLC ("Breckenridge") in the first quarter.
  • For the quarter ended September 30, 2023, the Company reported revenues of $22,961,000 compared to $7,429,000 for the comparable quarter ended September 30, 2022.
  • Stephen C. Jumper, President and CEO of Dawson Geophysical, said, "In part, low utilization rates associated with the second quarter led to a difficult start in July, negatively impacting third quarter results.

Prairie Provident Resources Announces Strategic Asset Sales

Retrieved on: 
Monday, October 30, 2023

Both transactions are currently expected to close on or before January 31, 2024 and are subject to regulatory approval, customary closing conditions and purchase price adjustments.

Key Points: 
  • Both transactions are currently expected to close on or before January 31, 2024 and are subject to regulatory approval, customary closing conditions and purchase price adjustments.
  • Completion of the Evi Sale and the Provost Sale will build upon the recapitalization initiated in May 2023 by streamlining the Company’s asset portfolio through the disposition of undercapitalized legacy assets, in turn allowing Prairie Provident to focus on higher return development opportunities in Central and Southern Alberta.
  • The properties included in the Evi Sale comprise the Company’s entire asset base in the Northern Alberta region.
  • National Bank Financial Inc. acted as financial advisor to Prairie Provident with respect to the Evi Sale.

Pioneer Natural Resources Reports Third Quarter 2023 Financial and Operating Results

Retrieved on: 
Thursday, November 2, 2023

Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter ended September 30, 2023.

Key Points: 
  • Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter ended September 30, 2023.
  • Pioneer reported third quarter net income attributable to common shareholders of $1.3 billion, or $5.41 per diluted share.
  • The Company emphasizes developing natural resources in a manner that protects surrounding communities and preserves the environment.
  • Due to the pending merger with ExxonMobil, Pioneer will not host a conference call or webcast to discuss its third quarter 2023 results.

Battalion Oil Corporation Announces Second Quarter 2023 Financial and Operating Results

Retrieved on: 
Monday, August 21, 2023

HOUSTON, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the second quarter of 2023.

Key Points: 
  • HOUSTON, Aug. 21, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the second quarter of 2023.
  • Excluding the impact of hedges, Battalion realized 98% of the average NYMEX oil price during the second quarter of 2023.
  • Lease operating and workover expense was $10.79 per Boe in the second quarter of 2023 versus $9.71 per Boe in the second quarter of 2022.
  • Gathering and other expense was $12.97 per Boe in the second quarter of 2023 versus $11.59 per Boe in the second quarter of 2022.

Pioneer Natural Resources Reports Second Quarter 2023 Financial and Operating Results

Retrieved on: 
Tuesday, August 1, 2023

Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter ended June 30, 2023.

Key Points: 
  • Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter ended June 30, 2023.
  • Cash flow from operating activities during the second quarter was $1.7 billion, leading to free cash flow2 of $742 million.
  • The Company added a third simulfrac fleet in the first quarter of 2023 and a second localized sand mine commenced operations during the second quarter.
  • On Wednesday, August 2, 2023, at 9:00 a.m. Central Time, Pioneer will discuss its financial and operating results for the quarter ended June 30, 2023, with an accompanying presentation.

Battalion Oil Corporation Announces First Quarter 2023 Financial and Operating Results

Retrieved on: 
Monday, May 15, 2023

HOUSTON, May 15, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the first quarter of 2023.

Key Points: 
  • HOUSTON, May 15, 2023 (GLOBE NEWSWIRE) -- Battalion Oil Corporation (NYSE American: BATL, “Battalion” or the “Company”) today announced financial and operating results for the first quarter of 2023.
  • Excluding the impact of hedges, Battalion realized 95% of the average NYMEX oil price during the first quarter of 2023.
  • Lease operating and workover expense was $8.94 per Boe in the first quarter of 2023 versus $9.32 per Boe in the first quarter of 2022.
  • General and administrative expense was $3.53 per Boe in the first quarter of 2023 and $3.75 per Boe in the first quarter of 2022.

Heritage-Crystal Clean, Inc. Announces First Quarter 2023 Financial Results

Retrieved on: 
Tuesday, May 9, 2023

The first quarter of 2023 includes 4 additional working days as a result of our fiscal quarter change.

Key Points: 
  • The first quarter of 2023 includes 4 additional working days as a result of our fiscal quarter change.
  • Revenue for the first quarter of 2023 was $193.5 million compared to $139.4 million for the same quarter of 2022, an increase of 38.8%.
  • Net income for the first quarter was $16.6 million compared to net income of $12.9 million in the year-ago quarter.
  • Operating margin for the first quarter of 2023 was 16.3% compared to the recast margin of 9.8% in the first quarter of 2022.

Diamondback Energy, Inc. Announces First Quarter 2023 Financial and Operating Results

Retrieved on: 
Monday, May 1, 2023

During the first quarter of 2023, Diamondback drilled 70 gross wells in the Midland Basin and 12 gross wells in the Delaware Basin.

Key Points: 
  • During the first quarter of 2023, Diamondback drilled 70 gross wells in the Midland Basin and 12 gross wells in the Delaware Basin.
  • Diamondback's first quarter 2023 net income was $712 million, or $3.88 per diluted share.
  • First quarter 2023 net cash provided by operating activities was $1.43 billion.
  • Below is Diamondback's guidance for the full year 2023, which includes second quarter production, cash tax and capital guidance.

Pioneer Natural Resources Reports First Quarter 2023 Financial and Operating Results

Retrieved on: 
Wednesday, April 26, 2023

Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter ended March 31, 2023.

Key Points: 
  • Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") today reported financial and operating results for the quarter ended March 31, 2023.
  • Pioneer reported first quarter net income attributable to common stockholders of $1.2 billion, or $5.00 per diluted share.
  • Cash flow from operating activities during the first quarter was $2.3 billion, leading to free cash flow1 of $948 million.
  • On Thursday, April 27, 2023, at 9:00 a.m. Central Time, Pioneer will discuss its financial and operating results for the quarter ended March 31, 2023, with an accompanying presentation.