Despite a more measured approach in the Utica Shale during the second quarter that kept production flat, Gulfport Energy Corp. said Thursday the changes it’s made in Ohio have the company poised for big gains in the coming months and maximum results in the years ahead.
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Gulfport’s Production Stalls on Utica Slowdown
Gulfport Energy Corp.’s second quarter production dropped by a little more than 1% from the first quarter after it pulled back the reins in the Utica Shale.
Eagle Ford, Bakken Shales Continue to Boost ConocoPhillips’ Production
ConocoPhillips reported 1.59 million boe/d of production in 2Q2014, a 6.5% increase year-over-year, and the Houston-based oil independent’s Eagle Ford and Bakken shale wells once again had the lion’s share of the growth.
Newfield Stepping Up Oklahoma SCOOP, STACK Activity
During the first quarter, Newfield Exploration Co. continued to ply its SCOOP (South Central Oklahoma Oil Province) and STACK (because of stacked pay zones) plays in Oklahoma, where the company is enjoying high rates of return and rapid liquids growth, Newfield COO Gary Packer said Wednesday.
Natural Gas Price Surge Lifts ExxonMobil, ConocoPhillips
Add ExxonMobil Corp. and super independent ConocoPhillips to the list of operators that benefited from the first quarter’s winter blast, which lifted U.S. natural gas prices.
Sanchez Drilling Quicker, Cheaper in Eagle Ford; TMS Well Coming Up
Accelerated completions and more pad drilling helped Houston-based Sanchez Energy Corp. triple first quarter production from a year ago. Eagle Ford Shale operations are in full development mode, and the company expects to spud its first Tuscaloosa Marine Shale (TMS) well next month.
Freeport-McMoRan Relies on U.S. Oil, NatGas Sales for Growth
Natural gas and oil sales, primarily from the United States, beat expectations in the first quarter for conglomerate Freeport-McMoRan Copper & Gold Inc. (FCX).
Chevron Quarterly NatGas Output Higher, Earnings Expected Lower
Chevron Corp. reported Wednesday that its U.S. natural gas production rose in January and February from the year-ago period, with upstream net output hitting 664,000 boe/d, up from 637,000 boe/d.
Chevron, ConocoPhillips Warn of Lower 4Q Output
Chevron Corp.’s fourth quarter production and profits are unlikely to hit forecasts because of declining global output and maintenance issues, the oil major said Thursday. ConocoPhillips said bad weather in the Lower 48 states impacted its quarterly output.
Sanchez 3Q Output Seven Times Year-Ago, Prepping for TMS
Sanchez Energy Corp. is in full development mode in each of its project areas in the Eagle Ford Shale and is preparing to begin an operated drilling program next year on recently acquired Tuscaloosa Marine Shale (TMS) acreage. Third quarter production was up by 710% from the year-ago quarter.