Appalachian pure-play EQT Corp. on Thursday increased 2019 guidance by 10 Bcfe, even after dropping three rigs during the first quarter to drill fewer wells this year, all at no expense as the company remains focused on improving results in the face of a shareholder revolt.
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Southwestern Energy Co. said it would spend less this year compared to last, while lower well costs and longer laterals are expected to help drive a healthy gain in production as it embarks on its first full year as an Appalachian pure-play operator.
EQT Corp. CEO Robert McNally on Tuesday vigorously defended the country’s largest natural gas producer’s direction, calling a proposal put forward by Rice Energy co-founders to generate more value “fundamentally flawed,” and highlighting a plan to better control costs and improve operations.
Newfield Exploration Co. expects total U.S. onshore output for the fourth quarter to hit 185,000-200,000 boe/d net, the high end of its forecast, boosted by gains in the Anadarko Basin.
Hess Corp. plans to ramp up to six rigs and produce 135,000-145,000 boe/d in the Bakken Shale in 2019 as part of a $1.87 billion capital expenditure (capex) budget in the United States, management said Monday.
Permian Basin-focused Energen Corp. raised its full-year guidance after second quarter output climbed 5% sequentially, the beat coming on outperformance using updated well designs.
Permian Basin pure-play Energen Corp. beat its production guidance for the fourth quarter and for the full-year 2017, and executives disclosed that they are reviewing four board candidates submitted last month by an investor that wants the company to be sold.
January natural gas was set to open about a penny lower Tuesday at around $2.735, with the market struggling to build overnight on Monday’s 13.3-cent surge.
Houston-based Marathon Oil Corp.’s third quarter U.S. production should average toward the high end of its guidance of 230,000-240,000 boe/d net, despite the temporary impacts from Hurricane Harvey, with annual output jumping by double-digits from 2016.
Permian Basin independent Callon Petroleum Co. has revised down its third quarter and full-year production guidance in part on issues related to Hurricane Harvey, which came ashore hundreds of miles away. Occidental Petroleum Corp. (Oxy) also has reduced its Permian guidance.