Guidance

WPX Adding Rig to Delaware, Boosting Full-Year Production Guidance

WPX Adding Rig to Delaware, Boosting Full-Year Production Guidance

Tulsa-based WPX Energy Inc. plans to add another rig to its Permian Basin operations and complete 15 uncompleted wells in the Williston Basin as part of an overall plan to increase full-year oil production guidance by 5%.

June 6, 2016
Devon Boosts Onshore Production Guidance by 3%, While LOE Declines by 21%

Devon Boosts Onshore Production Guidance by 3%, While LOE Declines by 21%

Devon Energy Corp. has raised its full-year production guidance by 3% after exceeding midpoint expectations for North American natural gas, liquids and oil output, led by outperformance in Oklahoma’s stacked reservoirs.

May 4, 2016
Devon Boosts Onshore Production Guidance by 3%, While LOE Declines by 21%

Devon Boosts Onshore Production Guidance by 3%, While LOE Declines by 21%

Devon Energy Corp. has raised its full-year production guidance by 3% after exceeding midpoint expectations for North American natural gas, liquids and oil output, led by outperformance in Oklahoma’s stacked reservoirs.

May 4, 2016

ConocoPhillips Continues GOM Exit, Slashes Capex Following $1.5B 1Q2016 Loss

ConocoPhillips, determined to get out of deepwater drilling in the Gulf of Mexico (GOM) and battered by a $1.5 billion 1Q2016 net loss, said Thursday that it would slash its 2016 capital expenditures (capex) budget by $700 million.

April 29, 2016

ConocoPhillips Continues GOM Exit, Slashes Capex Following $1.5B 1Q2016 Loss

ConocoPhillips, determined to get out of deepwater drilling in the Gulf of Mexico (GOM) and battered by a $1.5 billion 1Q2016 net loss, said Thursday that it would slash its 2016 capital expenditures (capex) budget by $700 million.

April 29, 2016

NatGas Groups Caution FERC Against Expanding Scope of Environmental Reviews

A pair of natural gas industry trade groups urged FERC not to expand its environmental reporting requirements for project applicants as it updates its guidelines.

February 1, 2016

Southwestern Idles Last Two Fayetteville Rigs Through End of 2015

Southwestern Energy Co. has idled its Fayetteville Shale drilling program for the remainder of 2015.

December 21, 2015

Anadarko Says Permian’s Delaware, Wattenberg Exceeding Production Guidance

Anadarko Petroleum Corp. said Thursday onshore oil production is exceeding expectations, particularly from the Permian Basin’s Delaware sub-basin and Wattenberg field, leading it to raise 4Q2015 guidance by as much as 5%.

December 17, 2015

PDC Energy to Focus 2016 Capital on Wattenberg

PDC Energy Inc. will continue its focus on the Wattenberg formation heading into next year, devoting most of its 2016 capital budget to exploration and production (E&P) activity in the Colorado play, the company said Monday.

December 9, 2015

NatGas Futures, Physical Gas Higher; Cash Steady, But October Adds 6.5 Cents

Physical natural gas for Tuesday delivery was up smartly in Monday’s trading, while next-day power prices faded. The NGI Daily Spot Gas Average was up 7 cents at $2.49, and weather forecasts in major population centers called for temperatures about 10 degrees above seasonal norms.

September 14, 2015