Production

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

Energy Financial

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 […]

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Texas oil and gas production statistics for Nov. 2015 – Railroad Commission

News

Texas Nov. 2015 crude oil production up: 2,365,640 b/d compared to 2,255,356 b/d of Nov. 2014 Oil prices may be down, but Texas production is up for Nov. 2015 compared to the year before, according to new statistics from the Railroad Commission of Texas. Production for Nov. 2015 is 70,969,209 barrels of crude oil and 596,523,139 Mcf (thousand cubic

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Oman says it will cut oil production to stabilize prices if others will

News

Oman is largest non-OPEC oil producer in Middle East This week Oman became the first major non-OPEC oil producer to state its willingness to cut oil production by up to 10 per cent in coordination with other countries in an effort to stabilize the oil market. Oman is the largest producer of crude oil (including condensate) in the Middle

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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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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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Matador Resources ups Permian Basin oil production 35% in 2015

Energy Financial

Compared to 2014, Matador’s 2015 Permian Basin oil production increased from 3.3 million b/d to 4.5 million b/d Even though oil prices plunged in 2015, like many oil and gas companies operating in the Permian Basin, Matador Resources increased its production last year. Matador Resources Company is focused on its Permian (Delaware) Basin operations in Southeast New

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ConocoPhillips exports first cargo from Australia Pacific LNG

News

Construction of Australia Pacific LNG began in 2011 (2 production units, each delivers 4.5M tonnes/year of LNG) HOUSTON, Texas – ConocoPhillips today announced that the first cargo of liquefied natural gas (LNG) has departed from the Australia Pacific LNG (APLNG) facility on Curtis Island in Queensland, Australia. “This is a significant milestone for our company and

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