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 | Oilprice.com - oilprice.com |
| U.S. Shale Is Now Cash Flow Neutral |
| Oil prices are probably already high enough to spark a rebound in shale production.
The IEA says that in the third quarter of 2016, the U.S. shale industry became
cash flow neutral for the first time ever. That isn’t a typo. For years, the
drilling boom was done with a lot of debt, and the revenues earned from steadily
higher levels of output were not enough to cover the cost of drilling, even
when oil prices traded above $100 per barrel in the go-go drilling days between
2011 and 2014Friday, December 23, 2016 |
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| 24hGold - Associated Press |
| Concho Resources reports 2Q loss |
| MIDLAND, Texas (AP) _ Concho Resources Inc. (CXO) on Tuesday reported a loss of $265.7 million in its second quarter.
On a per-share basis, the Midland, Texas-based company said it had a loss of $2.04. Earnings, adjusted for non-recurring costs, were 26 cents per share.
The results exceeded Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of 9 cents per share.
The independentTuesday, August 2, 2016 |
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| 24hGold - Publicnow |
| Concho Resources Inc. Schedules Second Quarter 2016 Results Conference Call for Wednesday, August 3, 2016 |
| MIDLAND, Texas--(BUSINESS WIRE)-- Concho Resources Inc. (NYSE: CXO) (the 'Company') will host a conference call on Wednesday, August 3, 2016, at 8:30 AM CT (9:30 AM ET) to discuss second quarter 2016 financial and operating results. The Company plans to announce second quarter 2016 results on Tuesday, August 2, 2016, after close of trading.
Conference Call Information:
Dial-in: (855) 445-9894
Intl. dial-in: (330) 863-3281
Participant Passcode: 37937190
To access tWednesday, July 6, 2016 |
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| 24hGold - Yahoo |
| TIN 5:18 am Rio Tinto reports Q4 production results; iron ore shipments rise 11 YoY |
| 4:43 pm Atmel agrees to be acquired by Microchip (MCHP) for $8.15/share in cash & stock, or ~$3.56 bln (ATML) : The co's announced that Microchip has signed a definitive agreement to acquire Atmel for $8.15 per share in a combination of cash and Microchip common stock. The acquisition price represents a total equity value of about $3.56 bln, and a total enterprise value of about $3.40 bln, after excluding Atmel's cash and investments net of debt on its balance sheet of ~$155 mln at December 31Tuesday, January 19, 2016 |
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| 24hGold - Noodls |
| Concho Resources Inc. Enhances Southern Delaware Basin Position |
| --(BUSINESS WIRE)-- (NYSE: CXO) ('Concho' or the 'Company') today announced three separate transactions that enhance the Company's position in the southern , high grade the Company's portfolio and reduce net debt.
Highlights
Concho agreed to acquire approximately 12,000 net acres complementary to the Company's core North Harpoon prospect in and Counties, , from a private operator for total consideration of approximately , through a combination of common stock, cash and drilling carry.
TheMonday, January 18, 2016 |
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| 24hGold - Noodls |
| Concho Resources Inc. Schedules Fourth Quarter and Full-Year 2015 Conference Call for Thursday, February 25, 2016 |
| --(BUSINESS WIRE)-- (NYSE: CXO) (the 'Company') will host a conference call on , at () to discuss fourth quarter and full-year 2015 financial and operating results. The Company plans to announce fourth quarter and full-year 2015 results on , after close of trading.
Conference Call Information:
Dial-in: (855) 445-9894
. dial-in: (330) 863-3281
Participant Passcode: 25031593
To access the live webcast, visit www.concho.com. The replay will also be available on the Company's website under theThursday, January 14, 2016 |
|
| 24hGold - Yahoo |
| OIL Domestic Oil Capitulation: Are We There Yet |
| Bear market capitulation lows are formed when the strongest players in the most effected sectors finally relinquish their relative strength and ultimately succumb to the bear’s grip.
For all intents and purposes, the U.S. shale production areas are broken into two geologic formations: Utica/Marcellus and Permian Basin.
The Permian basin is viewed as the more robust geologic formation and is also in close proximity to the refiners and shipping terminals along the gulf coast.
Utica/Marcellus shaleWednesday, January 6, 2016 |
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| 24hGold - Noodls |
| Concho Resources Inc. to Participate in Upcoming Conferences |
| --(BUSINESS WIRE)-- (NYSE: CXO) (the 'Company') today announced that the Company will participate in the on , and will participate in the U.S. Capital Advisors E&P Corporate Access Day on .
The Company will refer to its Investor Presentation, which will be available on the Investor Relations section of the Company's website, www.concho.com.
About .
is an independent oil and natural gas company engaged in the acquisition, development and exploration of oil and natural gas properties. The CoTuesday, December 29, 2015 |
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| 24hGold - Yahoo |
| Concho Resources (CXO) Crumbles: Stock Falls by 5.8 |
| Concho Resources, Inc. CXO saw a big move in the last trading session, as the company’s shares fell by nearly 6% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent trend for CXO, as the stock is now down nearly 21% in the past one-month time frame.This slump shouldn’t be too much of a surprise to investors, as the company, which acquires, develops, and explores for oil and natural gas properties in the U.S.,Tuesday, December 22, 2015 |
|
| 24hGold - Yahoo |
| The Zacks Analyst Blog Highlights: Mistras Group, Voyager Therapeutics, Energen, SM Energy and Concho Resources |
| For Immediate Release Chicago, IL – December 18, 2015 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Mistras Group, Inc. (MG), Voyager Therapeutics, Inc. (VYGR), Energen Corp. (EGN), SM Energy Company(SM) and Concho Resources, Inc. ( CXO). Today, Zacks is promoting its ''Buy'' stock recommendations. Get Friday, December 18, 2015 |
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| 24hGold - Yahoo |
| JPMorgan Calls Concho Resources, Pioneer Natural Resources Top Large-Cap Picks In Permian-Focused EP Group |
| Michael Glick of JPMorgan initiated coverage of eight Permian Basin-focused E&P companies with a "positive view."
Glick noted the companies with scale can benefit from a "resource multiplying effect."
The analyst named Concho Resources Inc (NYSE: CXO) and Pioneer Natural Resources (NYSE: PXD) as his top two large-cap picks.
According to Michael Glick of JPMorgan, the Permian Basin is positioned at the low-end of the U.S. tight oil cost curve and is "poised" to benefit from efficiency and producWednesday, December 9, 2015 |
|
| 24hGold - Noodls |
| Concho Resources Inc. Reports Third Quarter 2015 Results |
| Delivers Record Quarterly Production
Raises Full-Year 2015 Production Growth Target Range to 27% - 28%
Adds 25,000 Net Acres in Core Operating Areas
MIDLAND, Texas--(BUSINESS WIRE)--
Concho Resources Inc. (NYSE: CXO) (the “Company” or “Concho”)
today reported financial and operating results for the third quarter of
2015.
Highlights
Production for the third quarter 2015 of 13.7 million Boe, or 149.3
MBoepd, was 32% higher year-over-year and exceeded the high-end of the
Company’s gWednesday, November 4, 2015 |
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| 24hGold - Yahoo |
| 4:57 pm Concho Resources beats by $0.12, beats on revs |
| 6:55 pm First Data announces pricing of $1 bln of 5.00% seniorsecured first lien notes due 2024 and $2.2 bln of 5.750% seniorsecured second lien notes due 2024 (FDC): 6:47 pm TC Pipelines President Steve Becker resigns (TCP): The co announced the appointment of Brandon Anderson to theposition of President and Director of TC PipeLines GP, Inc.effective January 1, 2016. Anderson succeeds Steve Becker who willcontinue working with TransCanada Corporation, the owner of TCPipelines GP, Inc., until hWednesday, November 4, 2015 |
|
| 24hGold - Associated Press |
| Concho Resources beats 3Q profit forecasts |
| MIDLAND, Texas (AP) _ Concho Resources Inc. (CXO) on Wednesday reported third-quarter earnings of $179.7 million.
On a per-share basis, the Midland, Texas-based company said it had profit of $1.49. Earnings, adjusted for non-recurring gains, came to 33 cents per share.
The results exceeded Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 18 cents per share.
The independentWednesday, November 4, 2015 |
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| 24hGold - Yahoo |
| Interpreting the Permian Basin Rig Count Decrease as of October 30 |
| The Declining US Crude Oil Rig Count Ending October 2015(Continued from Prior Part) Permian Basin oil rig count
As of October 30, 2015, there were 578 working oil rigs in the United States. The Permian Basin accounts for 222 of these rigs, more than any other region. The Eagle Ford Shale has 64 active oil rigs, the Williston Basin has 63, and the Cana-Woodford Shale has 32.
In-depth look at the Permian Basin
The Permian Basin oil rig count fell by two in the week ending October 30, 2015. On Tuesday, November 3, 2015 |
|
| 24hGold - Noodls |
| VAALCO Energy Announces Appointment Of New Chief Financial Officer And Other Changes In Executive Management |
| HOUSTON, Oct. 27, 2015/PRNewswire / -- VAALCO Energy, Inc. (NYSE: EGY) today announced several changes in executive management of the Company including the appointment of a new Chief Financial Officer and the retirement of two senior executives.
The Company announced that Don McCormackwill join VAALCO effective November 1, 2015as Vice President of Finance and will assume the title of Chief Financial Officer following the filing of the Company's third quarter 2015 Quarterly Report on Form 10-Q.Tuesday, October 27, 2015 |
|
| 24hGold - Yahoo |
| Why Are EOG Resources’ 3Q15 Revenue Expectations Steady |
| What Should We Expect from EOG Resources in Its 3Q15 Earnings?(Continued from Prior Part) EOG Resources’ 3Q15 revenue expectations
We discussed EOG Resources’ (EOG) market performance earlier. In this article, we’ll discuss EOG’s 3Q15 revenue expectations and compare its revenue performance against analyst’s estimates.
In 3Q15, the analysts’ consensus revenue estimate for EOG Resources is $2.5 billion. This is a marginal 0.7% lower than its 2Q15 revenues, but 45% lower than 3Q14 revenues. BetweWednesday, October 14, 2015 |
|
| 24hGold - Yahoo |
| Why Are EOG Resources’ 3Q15 Revenue Expectations Steady |
| What Should We Expect from EOG Resources in Its 3Q15 Earnings?(Continued from Prior Part) EOG Resources’ 3Q15 revenue expectations
We discussed EOG Resources’ (EOG) market performance earlier. In this article, we’ll discuss EOG’s 3Q15 revenue expectations and compare its revenue performance against analyst’s estimates.
In 3Q15, the analysts’ consensus revenue estimate for EOG Resources is $2.5 billion. This is a marginal 0.7% lower than its 2Q15 revenues, but 45% lower than 3Q14 revenues. BetweWednesday, October 14, 2015 |
|
| 24hGold - Yahoo |
| OIL Can The Oil Industry Really Handle This Much Debt |
| As the crude industry has been wrestling with low oil prices that declined by over 50 percent since its highest close at $107 a barrel in 2014, many exploration and production companies worldwide and in the U.S., in particular, have faced large shortfalls in revenue and cash flow deficits forcing them to cut down on capital expenditures, drilling and forego investments in new development projects.High debt levels taken on by the U.S. oil producers in the past to increase production while oil priTuesday, October 13, 2015 |
|
| 24hGold - Yahoo |
| OIL Can The Oil Industry Really Handle This Much Debt |
| As the crude industry has been wrestling with low oil prices that declined by over 50 percent since its highest close at $107 a barrel in 2014, many exploration and production companies worldwide and in the U.S., in particular, have faced large shortfalls in revenue and cash flow deficits forcing them to cut down on capital expenditures, drilling and forego investments in new development projects.High debt levels taken on by the U.S. oil producers in the past to increase production while oil priTuesday, October 13, 2015 |
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