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…
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Articles from Second Quarter
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.
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.
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.
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.