Matador Resources Company reported strong Q1 2024 results, with a net income of $193.7 million and an adjusted EBITDA of $505.4 million, exceeding expectations.
Matador Resources Q1/2024 Results – ‘trimul-frac’ technology fuels growth
Unit Corporation Q1/2024 results – drilling segment average dayrate $30,891
Unit Corporation’s contract drilling segment remained relatively stable during the first quarter of 2024 compared to the same period in 2023. The company’s BOSS rigs availability remained unchanged, with 14 rigs available at the end of both periods.
Vital Energy, Inc. Q1/2024 – record production in the Permian
The Permian Basin, particularly its Southern Delaware position, played a significant role in Vital Energy’s first-quarter success. Results in this area exceeded industry standards, showcasing the company’s ability to drive sustainable gains in well productivity and lower capital costs.
Ovintiv Inc. Q1/2024 results – $1.45 billion investment in the Permian 2024
Ovintiv Inc. posted strong financial results for the first quarter of 2024, with net earnings of $338 million and robust cash flow of $1,035 million.
Mike Wirth, Chevron’s CEO see’s natural gas as an essential partner for renewables
Mike Wirth, Chevron’s CEO, discussed in a resent interview the robust and growing global demand for oil, driven by economic expansion in key regions like the U.S., China, and Europe.
Ascent Resources Q1/2024 Results – significant hedging strategies to mitigate commodity price volatility
Ascent Resources Utica Holdings, LLC reported a strong first quarter in 2024, with net production averaging 2.2 billion cubic feet equivalent per day and liquids production up 38% year-over-year.
Texas Oil & Gas Secondary Containment Companies
Secondary containment in the oil and gas industry refers to a protective measure designed to prevent the release of hazardous substances, such as oil or chemicals, into the environment in case of equipment failure or accidental spills.
Riley Permian
Riley Permian Operating Company ranks #146 in wells drilled in the US in 2023 with 14 wells drilled in Texas. Download drilling report.
ATCO subsidiary to build 200-kilometre, $2B natural gas pipeline west of Edmonton
ATCO Ltd. is planning to build a 200-kilometre natural gas pipeline along the Yellowhead Highway west of Edmonton to support a major net-zero petrochemical project near the Alberta capital, the utilities company announced Wednesday.
XTO Energy to start enhanced oil recovery Bakken
The North Dakota Industrial Commission approved a pilot project from XTO Energy to start enhanced oil recovery (EOR).
