Tag: Fourth Quarter

Sanchez Production announces $137 million loss in 2015

Sanchez Production announces $137 million loss in 2015

Sanchez recorded net loss of $44.5 million in Q4 2015, net loss of $137 million for full year 2015 HOUSTON, Texas – Sanchez Production Partners LP today reported fourth quarter and full year 2015 results. “Despite a number of significant headwinds, we executed a plan to transform SPP in 2015 and exited the year with a well-positioned master […]

Basic Energy reports lower rig utilization rates, Q1 revenue will be down 17%

Basic Energy reports lower rig utilization rates, Q1 revenue will be down 17%

Basic Energy CEO says oil prices under $30 WTI have caused many producers to cut back on projects Basic Energy Services, Inc. says rig utilization rates have plummeted over the past year and the Forth Worth, Texas-based company continues to stack equipment due to soft customer demand caused by low oil prices. Basic’s well servicing rig count […]

EOG Resources loses $4.5 billion in 2015

EOG Resources loses $4.5 billion in 2015

“…achieved significant reductions in our finding and operating costs and substantially increased the size and the quality of our inventory” EOG Resources, Inc. has reported a fourth quarter 2015 net loss of $284.3 million, or $0.52 per share. This compares to fourth quarter 2014 net income of $444.6 million, or $0.81 per share. For the full […]

By February 29, 2016 0 Comments Read More →
Range Resources reports Q4 losses, 2016 capex reduced by 45%

Range Resources reports Q4 losses, 2016 capex reduced by 45%

Substantially all activity is focused in Marcellus for 2016, Range Resources expects 8-10% increase in production Fort Worth, TX – Range Resources Corporation says it lost money in Q4 and is cutting its capex by 45 per cent for 2016. “Range continued to perform well operationally during the fourth quarter, despite the challenges from declining […]

By February 29, 2016 0 Comments Read More →
Pioneer Natural Resources reports $623 million Q4 loss

Pioneer Natural Resources reports $623 million Q4 loss

Pioneer Natural Resources expects to place approximately 230 horizontal wells producing in Spraberry/Wolfcamp during 2016 Pioneer Natural Resources Company today reported financial and operating results for the quarter ended December 31, 2015, and announced the Company’s capital program for 2016. “The performance from our Spraberry/Wolfcamp horizontal drilling program continues to be outstanding,” said Scott D. Sheffield, chairman and […]

By February 11, 2016 0 Comments Read More →
Baker Hughes sees big drop in 2015 North American revenue

Baker Hughes sees big drop in 2015 North American revenue

Baker Hughes revenue for 2015 was $15.7 billion, down $8.8 billion compared to$24.6 billion for 2014 HOUSTON, Texas – Baker Hughes, soon to be merged with oil services giant Halliburton, is reporting a profit despite the challenging global price environment, the company reported last week. “Our 2015 results are reflective of an extremely difficult and increasingly […]

By January 29, 2016 0 Comments Read More →
Halliburton revenue drops 28%  in Q4, 2016 to be ‘a tough year’

Halliburton revenue drops 28% in Q4, 2016 to be ‘a tough year’

Total Halliburton annual revenue of $23.6 billion declined 28% year-over-year, moving ahead with Baker Hughes acquisition Economic headwinds affecting the global oil and gas industry took their toll on industry leader Halliburton, but the company says it still managed to outperform industry averages. Halliburton has announced that income from continuing operations for the fourth quarter of 2015 […]

By January 25, 2016 0 Comments Read More →
Sanchez Energy announces record high oil, gas production for Q4

Sanchez Energy announces record high oil, gas production for Q4

“During the fourth quarter of 2015, we continued to realize significant operational success, which resulted in higher production levels and declining well costs” HOUSTON, TX – Sanchez Energy Corporation, today announced operating results for the fourth quarter of 2015 and updates to the 2016 capital budget. “2015 was a strong year for Sanchez Energy,” said Tony […]

By January 20, 2016 0 Comments Read More →