Apache investing heavily in the Permian

November 6, 2017 0

Texas-based Apache Corp. reported net income of $63 million or 16 cents a share in the third quarter, due to increased drilling in certain spots and higher oil prices, Kallanish Energy reports.

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Occidental pleased with N.M. Greater Sand Dunes wells

November 6, 2017 0

Houston-based Occidental last week reported seven large third-quarter well completions in New Mexico’s Greater Sand Dunes area of the Permian Basin. It also lost more than $70 million due to Hurricane Harvey, Kallanish Energy reports.

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Pioneer reports 6% increase in production

November 3, 2017 0

Dallas-based Pioneer Natural Resources reported a third quarter net loss of $23 million or 13 cents a share, although production grew by 6% from the previous quarterr, Kallanish Energy reports.

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