HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today reported third-quarter 2017 earnings of $0.4 billion, or $0.34 per share, compared with a third-quarter 2016 loss of $1.0 billion, or ($0.84) per share. Excluding special items, third-quarter 2017 adjusted earnings were $0.2 billion, or $0.16 per share, compared with a third-quarter 2016 adjusted loss of $0.8 billion, or ($0.66) per share. Special items for the current quarter were primarily driven by a net gain from previously announced [Read more]
Archives for October 2017
Canada’s MEG Energy posts Q3 profit on higher prices, lower costs
Canadian oil sands producer MEG Energy Corp on Thursday reported a third-quarter profit, compared with a loss a year ago, helped by higher bitumen prices and lower production costs. MEG, whose major operations are in the Athabasca region, is planning on expanding current projects, rather than starting new projects, as oil sands companies deal with expensive production and volatile oil prices. Calgary, Alberta-based MEG said its realized bitumen prices rose to C$39.89 per barrel in the third [Read more]
Matador Resources Company Announces Date of Third Quarter 2017 Earnings Release
DALLAS--(BUSINESS WIRE)--Matador Resources Company (NYSE: MTDR) (“Matador” or the “Company”) today announced plans to release third quarter 2017 operational and financial results after the close of trading on Monday, November 6, 2017. Management will also host a live conference call on Tuesday, November 7, 2017 at 9:00 a.m. Central Time to review third quarter 2017 financial results and operational highlights. To access the live conference call, [Read more]
Crescent Point Announces Strong Q3 2017 Results and Upwardly Revised 2017 Guidance
CALGARY, ALBERTA--(Marketwired - Oct. 26, 2017) - Crescent Point Energy Corp. ("Crescent Point" or the "Company") (TSX:CPG) (NYSE:CPG) is pleased to announce its operating and financial results for the quarter ended September 30, 2017. KEY HIGHLIGHTS Achieved third quarter 2017 average production growth of 10 percent year-over-year. Increased 2017 average production guidance to 175,500 boe/d from 174,500 boe/d based on positive operating results. Advanced new play development in [Read more]
MEG Energy reports strong operating and financial results and ongoing efficiency gains for the third quarter of 2017, contributing to an $80 million reduction in its 2017 capital investment and a further decrease in non-energy operating cost guidance
Strong cash position, proven technology and significant cost reductions position MEG well to continue highly-economic growth All financial figures in Canadian dollars ($ or C$) unless otherwise noted CALGARY, Oct. 26, 2017 /CNW/ - MEG Energy Corp. (TSX:MEG) today reported third quarter 2017 operating and financial results. Highlights include: Quarterly production volumes of 83,008 barrels per day (bpd) with October production currently averaging approximately 85,000 bpd, reflecting [Read more]
OPEC’s options for extending production pact: Kemp
LONDON, Oct 26 (Reuters) - Senior officials from the Organization of the Petroleum Exporting Countries and its allies are already discussing an extension of their production accord beyond its scheduled expiry at the end of March 2018. Current production limits have already been extended once, from the end of June 2017 to give more time for the oil market to rebalance. Ministers and officials are now discussing lengthening the agreement again, possibly until the end of 2018 (“OPEC seeking [Read more]
Suncor reports better-than-expected third-quarter profit
Suncor Energy Inc , Canada's second-largest energy producer, reported a higher-than-expected third-quarter profit on Wednesday due to record production and strong refinery output. The Calgary-based company reported net earnings of C$1.289 billion ($1.01 billion), or 78 Canadian cents per share, in the three months ended Sept. 30. In the year-prior quarter net earnings were C$392 million, or 24 Canadian cents per share. Suncor's operating profit, which excludes one-time items, was [Read more]
Suncor Energy receives approval for tailings and Millennium Operational Amendment applications
CALGARY, ALBERTA--(Marketwired - Oct. 25, 2017) - Suncor today announced it has received approval from the Alberta Energy Regulator (AER) for its Suncor Base Plant Tailings Directive application and related Millennium Operational Amendment application. Over the past few months, Suncor technical experts have met with Aboriginal communities, stakeholders and the regulator to clarify and provide additional information about Suncor's tailings management plan. The approved plan will facilitate the [Read more]
Delphi Energy Provides Operations Update
CALGARY, Alberta, Oct. 25, 2017 (GLOBE NEWSWIRE) -- Delphi Energy Corp. (“Delphi” or the “Company”) provides an operations update on recent positive well results, increasing condensate yields, and ongoing cost reduction initiatives. Drilling and Completion Operations Successfully Delineating Delphi’s 167.5 section Bigstone Area Completion operations on the Company’s ninth, tenth and eleventh wells of the 2017 program have concluded, with two of the wells now on production and the third well [Read more]
Suncor Energy reports third quarter 2017 results
CALGARY, ALBERTA--(Marketwired - Oct. 25, 2017) - Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working interest basis, before royalties, except for Libya, which is on [Read more]
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