Devon’s Delaware multi-zone development that shaved $1 million off of well costs is a ‘game changer’ Devon Energy (ticker: DVN) announced third quarter results today, showing earnings of $228 million, or $0.43 per share. After excluding special items, Devon earned $242 million, or $0.46 per share, which the company reports exceeds analyst consensus estimates. Devon produced 527 MBOEPD in Q3, compared to 536 MBOEPD in Q2…

Hi-Crush opened 2 new facilities, announced $100 million buyback Q3 highlights Revenues of $167.6 million Quarterly record of 2,456,195 tons of frac sand sold Net income of $29.8 million, resulting in $0.33 basic and $0.32 diluted earnings per limited partner unit Q3 2017 distributable cash flow of $37.5 million vs. $22.9 million in Q2 2017 Resumed quarterly cash distribution of $0.15…

On October 31, 2017 Bill Barrett Corporation (Ticker: BBG) reported Q3 financial and operating results and updated 2017 operating guidance. BBG reported a net loss of $28.8 million, or ($0.39) per diluted share for Q3. Adjusted net income for the third quarter of 2017 was a net loss of $5.9…

Four contract renewals add three years to backlog Q3 Highlights Net loss of $6 million, or ($0.16) per share Adjusted EBITDA of $3.1 million Fully-burdened margin per day, excluding construction costs, of $4,521 per day. No reactivation expenses during Q3 Renewal of four term contracts, adding three rig years to backlog Sequential backlog increases to $75 million on Sept. …

Unit Corporation 2017 Third Quarter Earnings Conference Call

From Bloomberg/Globe and Mail Canada’s junk bond market is on track for record issuance this year as an increase in crude oil prices has boosted confidence among local energy companies and investors. New high-yield issuance in the Canadian dollar accelerated in recent weeks, taking the year-to-date total to $3-billion, a…

Crude continues a week-long rally ahead of today’s EIA data that is expected to confirm the biggest drawdown of crude, gas and distillates in eight years. From The Street.com A flame has been lit under oil. Oil prices continued a week-long rally Wednesday, November 1, hitting their highest mark since…

With much of the easy oil already pumped, what’s next for shale? From Bloomberg Crude prices bouncing around $50 to $60 a barrel have kept U.S. shale producers stuck on the edge of profitability. That hasn’t been enough to shut down the oil boom in places such as North Dakota, Texas, and New Mexico — at least not yet. Drillers are heading…

The EIA released its weekly Petroleum Status Report today, outlining how national oil and refined product stocks have changed in the last week. Crude oil stocks fell by 2,435 MBBL last week to 454,906 MBBL, from 457,341 MBBL. This is 6% below the 482,578 MBBL that was in storage at…