Results

Lilis Energy Inc. is raising its year-end production guidance after four wells in the Permian Basin reached 24-hour initial production (IP) rates, including one that it said registered the highest IP in New Mexico to date, the Houston-based company said Monday.

Eagle Ford Shale operator Laredo Energy VI LP said early drilling results in the dry natural gas window hold promise for multi-well development for years to come.

Range Resources Corp. again reported poor results from its Cotton Valley Sands Terryville Complex assets in North Louisiana that, combined with permitting delays in Pennsylvania during the second quarter, forced the company to lower its full-year production guidance.

With poor results from its exploration and production (E&P) business, Rapid City, SD-based Black Hills Corp. officials said Wednesday the company is narrowing exploration activity to the proposed cost-of-service natural gas reserves programs to serve its utilities (see Daily GPI,Oct. 5, 2015).

Earnings results for the leading oilfield services (OFS) operators begin Friday with Schlumberger Ltd. kicking it off, and the conference call comments may set the tone for what to expect in North America over the coming year.

Antero Resources Corp. completed its first West Virginia Utica Shale well in 4Q2015 to “encouraging” results, while the completion of M3 Midstream LLC’s Stonewall Gathering System during the quarter helped bolster returns for the Appalachian producer, the company told investors this week.

Rex Energy Corp. on Friday reported favorable results for five wells in the Warrior South prospect, an area of Ohio in the Utica Shale, and provided an update on four wells it placed into sales in Western Pennsylvania.

One day after Tuscaloosa Marine Shale (TMS) pioneer Goodrich Petroleum Corp. said it would redirect capital from the Eagle Ford Shale to the emerging play, Eagle Ford-focused Sanchez Energy Corp. Thursday announced deals worth $78 million that give it entry into the TMS.

Now that it has seen some encouraging well results, Goodrich Petroleum Inc. is stepping up activity in the Tuscaloosa Marine Shale (TMS) of Louisiana and Mississippi, where the company is about to close on an acquisition that will more than double its footprint in the emerging play.