Energy Financial

Schlumberger revenue down partly due to ‘challenging currency environment’

Energy Financial

Schlumberger North America revenue declined 39% (land down 45%, offshore down 17%) HOUSTON, Texas – Schlumberger Limited says 2015 global revenue was down 27 per cent, with a full one-third of the decline coming from the weak position of international currencies against the US dollar. “Full-year 2015 revenue of $35.5 billion decreased 27 per cent year-on-year in […]

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Sanchez Energy announces record high oil, gas production for Q4

Energy Financial

“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

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Concho Resources enhances Southern Delaware Basin position

Energy Financial

Concho has entered into a definitive agreement to acquire 12,000 net acres in Reeves and Ward Counties, Texas, adjacent to the company’s North Harpoon prospect MIDLAND, Texas – Concho Resources Inc. says that three separate transactions will enhance its position in the southern Delaware Basin, high grade the company’s portfolio, and reduce net debt. Highlights Agreed to

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Clayton Williams Energy sells acreage, hedges production for 2016

Energy Financial

Clayton Williams Energy hedged 814,500 barrels of oil production during first half of 2016 at $40.25 per barrel Midland-based Clayton Williams Energy, Inc. says it continues to consolidate operations in the face of low oil price, including selling acreage and hedging some production. The company announced it has completed a swap of non-producing acreage in the core

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Suncor Energy and Canadian Oil Sands reach agreement to support acquisition

Energy Financial

Exchanging Suncor common shares for COS common shares will be taxable transaction for US federal income tax CALGARY, Alta – After a very public hostile takeover, Suncor Energy Inc. announced Monday that it has reached an agreement to buy all of the shares of Canadian Oil Sands Limited. Under the terms of the support agreement Suncor has

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