Financial results for 40 publicly traded U.S. oil exploration and production (E&P) companies show capital expenditure in the first quarter of 2023 increased from the fourth quarter of 2022
During a conference call with analysts, company management floated a potential plan to free up around $200 million from Marcellus operations in 2024 and reallocate it to other plays (the Permian or the Anadarko) by continuing to run just two rigs and one frac crew in the Marcellus.
Mewbourne Oil, has agreed to pay a $5.5 million penalty and to spend at least $4.6 million for projects to ensure 422 of its oil and gas battery pads in New Mexico and Texas comply with state and federal clean air regulations.
Chevrom generated revenues of $48.9 billion in Q2 2023. Chevron’s oil and gas production in the Permian Basin, the top U.S. shale field, hit 772,000 barrels a day.
Permian, Rockies & Other Domestic and Gulf of Mexico daily production volumes all exceeded guidance at 582 Mboed, 273 Mboed and 135 Mboed, respectively.
80 percent of Occidental’s production is in the United States delivered higher operability and better-than-expected new well performance particularly in our two new drilling space units in New Mexico.
Third-quarter 2023 production is expected to be 1.78 to 1.82 million barrels of oil equivalent per day (MMBOED). Full-year production is now expected to be 1.80 to 1.81 MMBOED, as compared to prior guidance of 1.78 to 1.80 MMBOED.
Enterprise Products centered around the Permian Basin, so whether that’s an NGL pipe solution, whether that’s processing plants, or whether that’s an additional fractionator. It’s going to be all centered around Permian production growth
Marathon Oil’s originally provided 2023 production guidance ranges remain unchanged with the Company’s full year 2023 total
EOF Earned adjusted net income of $1.5 billion, or $2.49 per share in Q2 2023
