Daily Archives: April 26, 2016

Oil, gas issues minimal but polarized in 2016 elections, forum told

Rate this article Depressed prices have made oil and gas a very minor issue in the 2016 US election campaigns, but candidates’ few references to the industry are so polarized that they reveal unusual and discouraging ignorance, speakers agreed during an Apr. 26 discussion at the Center for Strategic and International Studies. Read Full Article…

Spraberry-Wolfcamp results boost PNR’s 2016 output growth target

Rate this article Pioneer Natural Resources Co. says it expects 2016 production growth of more than 12% compared with the company’s previous target of 10%, reflecting improving Spraberry-Wolfcamp well productivity. Second-quarter production is forecast to average 224,000-229,000 boe/d. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

BP posts $583-million first-quarter loss

Rate this article BP PLC reported a loss of $583 million for this year’s first quarter compared with a $2.6-billion profit in the same quarter in 2015. The company reported an underlying replacement cost profit of $532 million for this year’s first quarter compared with a profit of $196 million for the previous quarter and…

Swift emerges from bankruptcy, sells assets

Rate this article Swift Energy Co. has completed financial restructuring and emerged from voluntary bankruptcy after completing the sale of 75% of its interests in South Bearhead Creek and Burr Ferry oil fields in central Louisiana. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest