Permian Basin pure-play operator Diamondback Energy Inc. said it appears to have eclipsed its 2015 production guidance, thanks in part to strong production in the fourth quarter, and it now plans to spend $280-375 million for a two- or three-rig drilling program in 2016.
Guidance
Articles from Guidance
Pioneer Beats 4Q Guidance on Permian Performance, Issues Equity
Dallas-based Pioneer Natural Resources Co. (PXD) raised its fourth quarter and full-year 2015 production guidance, crediting strong performance from the Permian Basin Spraberry/Wolfcamp program, which this year is expected to contribute largely to 10-15% production growth. It also priced the first shale equity offering of 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.
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%.
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.
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.
Administration Issues Proposed NEPA Guidelines For GHGs
The White House Council on Environmental Quality (CEQ) Thursday released updated and expanded draft guidance on how federal agencies should consider greenhouse gas (GHG) emissions and climate change when weighing development under the National Environmental Policy Act (NEPA).
PVA Expects Delays in 2H2014 Drilling Program
Penn Virginia Corp. (PVA) said it expects delays in its drilling program in 2H2014, and it expects those delays to have a slight impact on production, expected earnings and capital expenditures (capex) for the remainder of the year.
EPA Issues Long-Awaited Guidance on Diesel Fuel in Hydraulic Fracturing
The U.S. Environmental Protection Agency (EPA) on Tuesday released revised underground injection control (UIC) program permitting guidance for wells that use diesel fuels during fracking activities.
Cabot Projects 30-50% Production Growth in 2014
Cabot Oil & Gas Corp. said it expects production to grow 30-50% in 2014, and it reaffirmed that production for 2013 will have grown 44-54% by the end of the year.