Tag: NGL
Clayton Williams Energy suffers Q2 loss, refocuses on Delaware Basin
Clayton Williams has oil and gas production of 13.6 MBOE/d Clayton Williams Energy, Inc. announced a Q2 net loss of $73.8 million, with a plan focused on the development of its 65,000 net acre position in the southern Delaware Basin. Production costs in Q2 were $19.2 million versus $23.1 million in Q2 2015 due to lower oilfield […]
SM Energy refocuses effort toward Permian Basin after strong Q1 results
“We are particularly excited about re-starting our drilling program in the Permian Basin, where we are seeing faster drill times, lower costs and better wells.” DENVER, Colorado – SM Energy Company is expanding production in the Permian Basin, where it already resumed drilling in the first quarter. The company released financial results for Q1 2016 and provided an […]
US chemical industry investment linked to shale gas tops $164 Billion
“Our country has become the most attractive place in the world to make chemicals, and a historic wave of expansion and investment is underway.” The American Chemistry Council (ACC) says that US chemical industry investment linked to plentiful and affordable natural gas and natural gas liquids (NGLs) from shale formations has reached $164 billion. Forty per […]
Tulsa-based Williams lowers GHG emissions of Canadian oil sands
Williams only company extracting/fractionating NGL/olefin mixes from oil sands upgrader offgas Tulsa, Oklahoma based Williams has started up its second offgas liquids extraction plant in the Canadian oil sands industry and is being lauded by the Alberta government for reducing GHG emissions in the heavy oil sector. Serving an upgrader facility north of Fort McMurray, […]
Permian Basin News: Clayton Williams Energy reports $98 million loss for 2015
Clayton William’s 2015 oil, gas and NGL production per BOE decreased 16% in 4Q15, revenue down, but costs $87.6 million v.s $105.3 million in 2014 MIDLAND, Texas – Low oil prices took their toll on Clayton Williams Energy as the company posted a lost of $98 million for 2015. Fiscal 2015 Results Oil and Gas Production […]
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