Quarter

Range Resources Corp., which has had to find other outlets for its Appalachian ethane and butane over the last three months with Mariner East (ME) 1 offline in Pennsylvania, expects the outlook for natural gas liquids (NGL) to continue improving after the pipeline restarted service on Tuesday.

The No. 1 completions expert in North America, Halliburton Co., said pricing pressure is likely to continue through the first quarter because of an overabundance of onshore fracturing equipment following the sharp decline in oil prices late last year.

Ultra Petroleum Corp. continued focusing on its vertical well program in Wyoming’s Pinedale Anticline during the third quarter and plans to continue running a three-rig drilling program for the rest of the year as it looks to further reduce well costs.

Oilfield technology specialist National Oilwell Varco Inc. (NOV) is facing “logistical challenges” in North America’s onshore near-term, as customers delay buying equipment and from rising material costs, including for steel, CEO Clay Williams said Friday.

Oklahoma City-based Devon Energy Corp. said Tuesday it spent about 9% less on upstream projects than it had projected during the third quarter, while Lower 48 production exceeded guidance.

America’s largest oil and natural gas producer, ExxonMobil Corp., delivered an underwhelming performance in the second quarter, missing Wall Street expectations, but U.S. upstream profits turned around from a year-ago loss.

Gulfport Energy Corp. produced 1.330 Bcfe/d in the second quarter, beating internal guidance and Wall Street estimates for the period.

BP plc on Tuesday reported its strongest underlying quarterly profit in three years, with first quarter earnings up 71% year/year and 23% sequentially.

Despite the recent pullback in the U.S. rig count and the uncertainty in the 2018 outlook, drilling technology expert National Oilwell Varco Inc. (NOV) sees opportunities to help the industry retool and innovate as it navigates a $50/bbl world.