Cimarex Energy Co. beat its expectations and those of analysts for first quarter production after drilling deeper into the Permian Basin with seven long lateral wells that target the prospective Wolfcamp formation.
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Articles from Permian Basin
Devon’s Onshore Cost Initiatives Spur Capex Cuts, While Output Soars
With the commodity crunch biting into first quarter earnings and growth plans, Devon Energy Corp. implemented cost reduction initiatives during the first quarter that pushed operating costs down by 9% from a year ago.
May 6, 2015
EOG Biding Its Time in Face of Low Oil Prices
EOG Resources Inc.'s crude oil and condensate production increased 16% in 1Q2015 compared to 1Q2014, but the company won't be exerting much effort to further boost production until oil prices find their way higher, CEO Bill Thomas said.
May 5, 2015
EOG Biding Its Time in Face of Low Oil Prices
EOG Resources Inc.’s crude oil and condensate production increased 16% in 1Q2015 compared to 1Q2014, but the company won’t be exerting much effort to further boost production until oil prices find their way higher, CEO Bill Thomas said.
May 5, 2015
U.S., Canada Issue Final Rule on Crude Oil Rail Shipments
The U.S. Department of Transportation (DOT), along with its Canadian counterpart, on Friday issued a final rule on the shipment of flammable liquids by rail, including crude oil and other petroleum products.
May 1, 2015
Oil-Directed Rig Count Falls as ‘New Resiliency’ Noted For Production
The Texas rig count fell again in the latest Baker Hughes Inc. tally of active rigs, released Friday (May 1), and oily plays led the charge as producers continue to seek to balance supply with demand.
May 1, 2015
U.S., Canada Issue Final Rule on Crude Oil Rail Shipments
The U.S. Department of Transportation (DOT), along with its Canadian counterpart, on Friday issued a final rule on the shipment of flammable liquids by rail, including crude oil and other petroleum products.
May 1, 2015
Oil-Directed Rig Count Falls as ‘New Resiliency’ Noted For Production
The Texas rig count fell again in the latest Baker Hughes Inc. tally of active rigs, released Friday (May 1), and oily plays led the charge as producers continue to seek to balance supply with demand.
May 1, 2015
Texas Frack Bill Passed Out of Senate Committee
Legislation that would prevent Texas municipalities from enacting ordinances that interfere with oil/natural gas drilling activities is on its way to the state Senate after passing out of committee Thursday.
April 30, 2015
Texas Frack Bill Passed Out of Senate Committee
Legislation that would prevent Texas municipalities from enacting ordinances that interfere with oil/natural gas drilling activities is on its way to the state Senate after passing out of committee Thursday.
April 30, 2015
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