Tag: first quarter
WPX Energy loses $59M in Q1 but optimistic for Permian Basin production
Adjusted net loss from operations in Q1 was $59 million, or a loss of $0.21 per share TULSA, Okla. – WPX Energy says that it is increasing its estimated ultimate recoveries (EURs) for its Delaware Basin wells in the Permian to 900 Mboe, up 34 per cent from its acquisition type curve of 670 Mboe. The company plans […]
Midland-based Clayton Williams Energy loses $35.3M loss in Q1
MIDLAND, Texas- Clayton Williams Energy, Inc. recorded another losing quarter, a Q1 a net loss of $35.3 million, or $2.90 per share, as compared to a net loss of $18.2 million, or $1.50 per share, for Q4 2015. Adjusted net loss (non-GAAP) for 1Q16 was $30.7 million, or $2.53 per share, as compared to adjusted net loss1 (non-GAAP) of […]
Baker Hughes announces $724 million loss for Q1 2016
Revenue of $2.7 billion for the quarter, down 21% sequentially and 42% year-over-year HOUSTON- Baker Hughes says Q1 2016 was worse than expected, leading to more losses ahead of the proposed takeover by Halliburton. “During the quarter, the industry faced another precipitous decline in activity, exceeding even the most pessimistic predictions, as E&P companies further cut […]
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