Second Quarter

ConocoPhillips Reversing North American Curtailments, Monitoring Oil, Gas Prices

ConocoPhillips Reversing North American Curtailments, Monitoring Oil, Gas Prices

Houston-based ConocoPhillips has begun ramping up shut-in oil and gas volumes from across North America, with most output set to be “fully restored” in September. The largest independent in the world issued its second quarter results on Thursday, with CEO Ryan Lance sharing insight during a conference call. He acknowledged what many of his peers…

July 30, 2020
Ovintiv Touts Permian, Anadarko, Montney Gains, Brings Online 32,000 Boe/d of Shut-In Volumes

Ovintiv Touts Permian, Anadarko, Montney Gains, Brings Online 32,000 Boe/d of Shut-In Volumes

North American explorer Ovintiv Inc. has brought back online substantially all of its shut-in volumes of 32,000 boe/d, including 18,000 b/d of crude and condensate voluntarily curtailed in the second quarter, CEO Doug Suttles said Wednesday. Suttles during the quarterly conference call credited efficiencies achieved by reducing costs and the workforce, as well as financial…

July 29, 2020
Matador’s Results Beat Expectations, Deliver Record Oil Output, Stronger Natural Gas Volumes

Matador’s Results Beat Expectations, Deliver Record Oil Output, Stronger Natural Gas Volumes

Dallas-based independent Matador Resources Co., whose operations span the Permian Basin, Eagle Ford and Haynesville shales, boosted oil and natural gas production in the second quarter using smaller but more efficient operations, management said Wednesday. Even with some output shut-in and with lower commodity prices, average net oil volumes climbed to a record quarterly high…

July 29, 2020
Top North American Natural Gas Marketers Report 2Q2019 Decrease, First Since 4Q2017 NGI Survey

Top North American Natural Gas Marketers Report 2Q2019 Decrease, First Since 4Q2017 NGI Survey

Natural gas sales reported by leading marketers declined in the second quarter compared to the year-ago period, halting at least temporarily an upward trend which had been in place since late 2017, according to NGI’s 2Q2019 Top North American Natural Gas Marketers rankings.

September 13, 2019
Permian Independents Finding Successful End-Arounds to Low Oil, Gas Prices

Permian Independents Finding Successful End-Arounds to Low Oil, Gas Prices

Volatile commodity prices and takeaway constraints cut into the bottom line for many Permian Basin independents during the second quarter, but squeezing every penny from every dollar possible proved to be the savior for many.

August 12, 2019

Anadarko Oil, Natural Gas Production Climbs 17% Year/Year

Anadarko Petroleum Corp., in a quiet period ahead of a vote to merge with Occidental Petroleum Corp., said higher production offset lower commodity prices, with year/year natural gas, oil and liquids volumes climbing overall by almost 17% during the second quarter, exceeding analyst expectations.

July 29, 2019

Permian Taking It Away (or Not) in Earnings Calls, Analysts Predict

There are, to be sure, plenty of prolific oil and natural gas basins across North America that onshore operators are plowing successfully. However, all eyes and ears during second quarter calls to discuss results are likely to be trained on potential capacity constraint issues in the Permian Basin, and looming pipeline shortages in the Williston and Anadarko basins, according to analysts.

July 26, 2018