Total revenues and other sources amounted to $887.7 million, indicating strong business activity and demand for the company’s services.
Western Midstream Q1/2024 Results – focus on core operations in the Delaware & DJ Basin
SM Energy Q1/2024 – higher than expected production due to Eagle Ford
Operational efficiencies led to faster well completion, significantly contributing to the increased production volumes.
Permian Resources Q1/2024 Results – reduced the average spud-to-rig release days by 18% – record production
The company achieved an 11% increase in average daily crude oil production to 151,794 barrels and a total average production of 319,514 barrels of oil equivalent per day. Financially, Permian Resources generated $648 million in net cash from operating activities and $324 million in adjusted free cash flow.
Williams Q1/2024 Results – commitment to a natural gas-focused strategy
Williams reported strong first quarter financial results for 2024, with an adjusted net income of $719 million and an adjusted EBITDA of $1.934 billion, marking significant increases from the previous year.
Occidental Q1/2024 Results – Permian 567 thousand barrels of oil equivalent per day (Mboed).
Occidental’s operational excellence and strategic execution across all business segments. Vicki Hollub, President and CEO, is quoted highlighting the fundamental importance of operational excellence to Occidental’s success.
Operator Account List Bundle
The lists Include account names, address, website, drilling history, phone, email.
US Lower 48 drilling market trends – cautious, but stable
The US Lower 48 market showed a disappointing activity level, contrary to expectations of a moderate increase. The land rig count declined slightly, with the industry rig count remaining essentially flat during the first quarter.
Occidental explores sale of Permian assets worth over $1 billion, sources say
Occidental Petroleum (OXY.N), is exploring a sale of a part of its operations in the Permian Basin that could fetch more than $1 billion for the energy producer, according to people familiar with the matter.
EOG Q1/2024 Results – plan to drill 50 Permian wells with three-mile laterals
EOG Resources had a successful first quarter in 2024, reporting $1.6 billion in adjusted net income and generating $1.2 billion in free cash flow.
ConocoPhillips Q1/2024 – new large projects and longer laterals are the future
ConocoPhillips reported first-quarter 2024 earnings of $2.6 billion, with adjusted earnings per share at $2.03. While the company anticipates maintaining flat activity in the Permian Basin throughout 2024 in terms of both rigs and well completion crews,.
