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Carolyn Davis

Carolyn Davis joined the editorial staff of Intelligence Press Inc. in Houston in May, 2000. Prior to that, she covered regulatory issues for environmental and occupational safety and health publications. She also has worked as a reporter for several daily newspapers in Texas, including the Waco Tribune-Herald, the Temple Daily Telegram and the Killeen Daily Herald. She attended Texas A&M University and received a Bachelor of Arts degree in journalism from the University of Houston.

Permian Pure-Plays Laredo, Centennial See Production Back on Track Post-Uri

Permian Pure-Plays Laredo, Centennial See Production Back on Track Post-Uri

Permian Basin pure-plays Laredo Petroleum Inc. and Centennial Resource Development Inc. each reported production impacts from the freezing weather wrought by Winter Storm Uri during February, but the storm also resulted in a sharp uptick in revenue from selling more oil and gas.  Tulsa,OK-based Laredo reported Permian volumes were down year/year at 78,989 boe/d from…

May 8, 2021
Pioneer Claims No. 1 Permian Producer Spot with DoublePoint, Parsley Acquisitions

Pioneer Claims No. 1 Permian Producer Spot with DoublePoint, Parsley Acquisitions

With two big transactions completed in a matter of months, Pioneer Natural Resources Co. has become the largest producer in the Permian Basin and should produce up to 700,000 boe/d-plus in 2022, CEO Scott Sheffield said Wednesday. The Dallas-based independent this week completed a $6.4 billion purchase of privately held West Texas competitor DoublePoint Energy…

May 6, 2021
Apache Nabs $4-Plus for Permian Natural Gas, Boosted by Prescient Hedging Strategy

Apache Nabs $4-Plus for Permian Natural Gas, Boosted by Prescient Hedging Strategy

After fetching $4.61/Mcf for its Permian Basin natural gas in the first quarter, APA Corp. is stepping up its activity in some prospects and extending its exploration in Texas, executives said Thursday. The gassy Alpine High development in the Permian Delaware sub-basin of West Texas had been the Houston-based explorer’s No. 1 global play. As…

May 6, 2021
Devon CEO Urges Lower 48 E&Ps to Focus on Generating Cash, Limiting Oil, Gas Production

Devon CEO Urges Lower 48 E&Ps to Focus on Generating Cash, Limiting Oil, Gas Production

Devon Energy Corp. CEO Rick Muncrief said it’s time for his peers to get their act together and stop expanding oil and gas production until demand outpaces supply. Speaking with investors during a first quarter conference call on Wednesday, Muncrief took the pulpit to preach to fellow exploration and production (E&P) companies. Mirroring comments by…

May 5, 2021
Diamondback Sees No ‘Clear Signal’ to Boost Permian Output

Diamondback Sees No ‘Clear Signal’ to Boost Permian Output

Diamondback Energy Inc. CEO Travis Stice said until there’s a “clear signal” to increase oil output, there are no plans to expand volumes this year in the Permian Basin. Stice and his management team discussed first quarter performance and the outlook for the oil and gas market during a conference call. The CEO pointed to…

May 5, 2021
H&P Looking to Raise FlexRig Prices as E&Ps Push Demand for Super-Specs

H&P Looking to Raise FlexRig Prices as E&Ps Push Demand for Super-Specs

Global oilfield technology specialist Helmerich & Payne Inc. (H&P) is making “good progress” in deploying digital technology solutions and revamping commercial models for the industry, but there’s still work to be done, CEO John Lindsay said last week. Lindsay and CFO Mark W. Smith shared a microphone to discuss the fiscal 2Q2021 results and the…

May 4, 2021
Aramco CEO Touts Positive Signs for Increasing Oil, Gas Demand as Global Economies Recover

Aramco CEO Touts Positive Signs for Increasing Oil, Gas Demand as Global Economies Recover

As the global economy awakens from the coronavirus-induced slumber, Saudi Arabia Oil Co., aka Aramco, is springing back as well, reporting its first quarter profits jumped 30% from a year ago, sharply surpassing expectations. “Given the positive signs for energy demand in 2021, there are more reasons to be optimistic that better days are coming,”…

May 4, 2021
Ovintiv Moves to Streamline Costs, Debt by Focusing on Anadarko, Montney and Permian

Ovintiv Moves to Streamline Costs, Debt by Focusing on Anadarko, Montney and Permian

Denver-based Ovintiv Inc. streamlined the business during 1Q2021 to focus only on the Anadarko, Montney and Permian basins as it eyes slashing debt to appease restless investors. With long-held but neglected shale properties in Canada’s Duvernay and the South Texas Eagle Ford sold off, the independent has accelerated a $4.5 billion total debt target timeline…

May 3, 2021
‘All Signs’ Point to Modest Lower 48 Oil, Gas Recovery, Says RPC Chief

‘All Signs’ Point to Modest Lower 48 Oil, Gas Recovery, Says RPC Chief

Atlanta-based oilfield specialist RPC Inc. saw its revenue climb in the first quarter from a year ago across all of its major service lines as oil prices increased and customers opened their wallets. CEO Richard A. Hubbell, in discussing the operator’s first-quarter performance, said RPC saw the environment improve as exploration and production (E&P) customers…

May 1, 2021
Chevron Prioritizing ‘Highest Value’ Investments, Pacing Activity to Match Demand

Chevron Prioritizing ‘Highest Value’ Investments, Pacing Activity to Match Demand

Chevron Corp. has regiggered its global natural gas and oil portfolio over the past year, with the priority today going to the “highest value investments,” CFO Pierre Breber said Friday.Breber shared some insight into first quarter performance and the outlook ahead during a conference call. He explained how the San Ramon, CA-based energy major has…

April 30, 2021
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