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Oil & Gas Exploration and Production

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Mid-Con energy partners posts Q3 loss of $0.29 per share

Tuesday, 14 Nov 2017 04:24pm EST

Nov 14 (Reuters) - Mid-con Energy Partners Lp :Mid-Con Energy Partners LP announces third quarter 2017 results and $25 million divestiture of southern Oklahoma assets.Q3 loss per share $0.29.Qtrly ‍production averaged 3,500 BOE/D, a decrease of 1.7% sequentially and a decrease of 11.5% year-over-year​.For Q3 of 2017, recorded approximately $4.9 million of non-cash impairment expense related to one of Permian projects​.Sees ‍fy2017 net production 3,500 BOE/D to 3,600 BOE/D​.Estimated capital expenditures for FY 2017 $10 million​.Qtrly ‍total revenues $11.2 million versus $14.0 million.

Sanchez Midstream Partners reports qtrly total revenues $18.6 mln

Tuesday, 14 Nov 2017 06:00am EST

Nov 14 (Reuters) - Sanchez Midstream Partners LP :Sanchez Midstream Partners LP reports third quarter 2017 operating and financial results.Sanchez Midstream Partners LP - qtrly total revenues $18.6 million versus $19.9 mln‍​.Sanchez Midstream Partners LP - qtrly loss per share per common unit $0.38.Sanchez Midstream Partners LP - ‍continued to divest certain of non-core production assets in q3 2017​.Sanchez Midstream Partners LP - ‍as of Sept. 30, 2017, partnership had $189 million in debt outstanding under its credit facility​.Sanchez Midstream Partners LP - ‍partnership had approximately $0.4 million in cash and cash equivalents at Sept. 30, 2017​.Sanchez Midstream Partners LP - qtrly average daily production 2,043 boe/d versus 2,870 boe/d‍​.Sanchez Midstream Partners LP - ‍currently forecast a distribution coverage ratio in excess of 1.0x in q4 2017​.

Anadarko to build new regional headquarters at Westridge Commons site

Wednesday, 8 Nov 2017 06:03pm EST

Nov 8 (Reuters) - KKR & Co LP ::Anadarko to build new regional headquarters at Westridge Commons site.‍Anadarko Petroleum Corporation has selected Westridge Commons as site for its new regional office​.

Unit Q3 earnings per share $0.07

Thursday, 2 Nov 2017 07:30am EDT

Nov 2 (Reuters) - Unit Corp ::Unit Corporation reports 2017 third quarter results.Q3 earnings per share $0.07.Q3 earnings per share view $0.11 -- Thomson Reuters I/B/E/S.Q3 revenue $188.5 million versus I/B/E/S view $187.9 million.Q3 adjusted non-gaap earnings per share $0.10 excluding items.Qtrly ‍oil and natural gas segment production increased 5% over Q2 of 2017​.Says ‍total production for quarter was 4.1 million barrels of oil equivalent (mmboe), a 5% increase over Q2 of 2017​.Unit Corp - ‍during quarter, plant outages and delays attributable to hurricane harvey reduced quarterly production by approximately 100 mboe​.Unit Corp - anticipates 2017 production to be approximately 16 mmboe​.Q3 earnings per share view $0.11, revenue view $187.9 million -- Thomson Reuters I/B/E/S.

Greenfields Petroleum Corp announces restructuring of senior secured debt

Tuesday, 31 Oct 2017 05:40pm EDT

Oct 31 (Reuters) - Greenfields Petroleum Corp :Greenfields Petroleum Corp announces restructuring of senior secured debt.Greenfields Petroleum Corp - ‍has executed a twelfth amending agreement to its loan agreement dated November 25, 2013 with its senior lender​.Greenfields Petroleum Corp - ‍pursuant to amendment, maturity date of loan agreement was extended from March 31, 2018 to January 15, 2020​.

Cabot Oil & Gas Q3 adjusted earnings per share $0.07

Friday, 27 Oct 2017 06:30am EDT

Oct 27 (Reuters) - Cabot Oil & Gas Corp :Cabot Oil & Gas Corporation announces third quarter 2017 results, provides 2018 operating plan and three-year marcellus shale outlook.Q3 adjusted earnings per share $0.07.Q3 earnings per share $0.04.Q3 earnings per share view $0.07 -- Thomson Reuters I/B/E/S.Cabot Oil & Gas Corp - Qtrly ‍equivalent daily production growth of 12 percent relative to prior-year comparable quarter​.Cabot Oil & Gas Corp - ‍Based on Q4 guidance, company has tightened its 2017 daily production growth guidance range to 9 - 11 percent​.Cabot Oil & Gas Corp - ‍Company has also reaffirmed its total 2017 program spending of $845 million​.Cabot Oil & Gas - ‍Initiated 2018 daily production growth guidance range at 15 to 20 percent (17 to 22 percent pro forma for West Virginia divestiture)​.Cabot Oil & Gas Corp - Qtrly total operating revenues $385.4 million versus $310.4 million.Cabot Oil & Gas Corp - ‍Tightened 2017 daily production growth guidance range to 9 percent - 11 percent​.Cabot Oil & Gas Corp - ‍Reaffirmed its total 2017 program spending of $845 million​.Cabot Oil & Gas - Sees Q4 net production of 13,250 to 14,250 BBLS per day for crude oil and condensate; and 1,350 to 1,450 BBLS per day for NGLS​.Cabot Oil & Gas Corp sees ‍Q4 2017 net production guidance of 1,775 MMCF to 1,850 MMCF per day for natural gas​.Cabot-Qtrly NGLS production below co's guidance range due to downtime at third-party plant in eagle ford that was impacted by Hurricane Harvey‍​.

Nostrum says will not be possible to bring gas into GTU3 in 2017​

Wednesday, 18 Oct 2017 02:00am EDT

Oct 18 (Reuters) - Nostrum Oil & Gas Plc ::NOSTRUM OIL & GAS PLC - ‍DUE TO DELAYED DELIVERY OF SOME VALVES REQUIRED FOR GTU3 WITH GTU1&2 IT WILL NOT BE POSSIBLE TO BRING GAS INTO GTU3 IN 2017​.NOSTRUM OIL & GAS PLC - ‍PREVIOUSLY PLANNED THREE WEEK SHUT DOWN OF GTU1&2 HAS THEREFORE BEEN POSTPONED UNTIL AFTER WINTER PERIOD​.NOSTRUM OIL & GAS PLC - ‍SHUT DOWN AND TIE- IN OF GTU1&2 IS NOW SCHEDULED TO BE COMPLETED IN APRIL 2018​.NOSTRUM OIL & GAS PLC - ‍POSTPONEMENT OF GTU3 COMMISSIONING DOES MEAN THAT PRODUCTION GUIDANCE FOR FIRST SIX MONTHS OF 2018 WILL BE IMPACTED​.NOSTRUM OIL & GAS-NOT BE ABLE TO RAISE PRODUCTION ABOVE CURRENT CAPACITY OF 45,000 BOEPD; TARGET TO RAMP UP PRODUCTION TO 100,000 BOEPD BY 2020 UNCHANGED​.NOSTRUM OIL & GAS PLC - ‍TOTAL COST OF PLANT IS NOT IMPACTED BY DELAY TO TIE-IN AND COMMISSIONING AND REMAINS AT US$532 MILLION​.NOSTRUM OIL & GAS PLC - ‍COMPANY REMAINS FULLY FUNDED TO COMPLETE GTU3 AND RAMP UP PRODUCTION​.

Sanchez Midstream says ‍co entered into certain purchase and sale agreement with Dallas Petroleum on Oct 12

Monday, 16 Oct 2017 08:12am EDT

Oct 16 (Reuters) - Sanchez Midstream Partners Lp :Sanchez Midstream Partners LP - ‍ On October 12, co entered into that certain purchase and sale agreement with dallas petroleum group - SEC filing​.Sanchez-Pursuant to deal, co to sell specified oil and gas wells, leases, other associated assets, interests for cash consideration of $6.25 million.Sanchez Midstream-on Oct 12, deal entered by co's unit, sendero petroleum dated June 30 relating to sale of specified assets in Texas was terminated.

Encana successfully starts Sunrise processing plant on Sept 27

Thursday, 5 Oct 2017 06:00am EDT

Oct 5 (Reuters) - Encana Corp : :Encana Corp - ‍Encana successfully started up Sunrise processing plant on September 27, under budget and more than one month ahead of original schedule​.Encana - ‍in parallel with sunrise and tower facilities ramping up, third plant, Saturn remains ahead of schedule & is on track to start up before year-end​.Encana Corp - ‍in addition, Towerbirch lateral pipeline which connects all three plants to NGTL system started up on October 1​.

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