FOURTH QUARTER 2018 Production increased 117% over the prior year and 36% over the prior quarter, averaging a record of 36,258 barrels of oil equivalent (“Boe”) per day. Lease operating expenses and general and administrative expenses were each down 26% per Boe from the prior year. Cash flow from operations, excluding a $10.3 million net increase from changes in working capital, was $107.5 million. Drilling and development capital expenditures totaled
HOUSTON, Feb. 26, 2019 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) (“Callon” or the “Company”) today reported results of operations for the three months and full-year ended December 31, 2018. Presentation slides accompanying this earnings release are available on the Company’s website at www.callon.com located on the “Presentations” page within the Investors section of the site. 2018 Highlights Full-year 2018 production of 32.9 Mboe/d (79% oil), an increase of 44% over
FORT WORTH, Texas, Feb. 25, 2019 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) today announced its fourth quarter and year-end 2018 financial results. Commenting on the results and 2019 plans, Jeff Ventura, the Company’s CEO said, “Range made solid progress on key strategic objectives in 2018. Our capital spending was disciplined, coming in $31 million under budget due to efficient operations, longer laterals and innovative water recycling. For the
HOUSTON, Jan. 28, 2019 /PRNewswire/ — Callon Petroleum Company (NYSE: CPE) plans to host a conference call to discuss its fourth quarter 2018 financial and operating results. Webcast and Conference Call: Date: Wednesday, February 27, 2019Time: 8:00 a.m. Central Time (9:00 a.m. Eastern Time) Webcast: www.callon.com Select “IR Calendar” under the “Investors” section of the website. Conference Call: Domestic: 1-888-317-6003 Canada: 1-866-284-3684 International: 1-412-317-6061 Access code: 6127927 An archive
Northern has repurchased approximately 12.0 million shares of common stock since October 1, 2018, 4.6 million shares of which were repurchased in this calendar year through January 21, 2019. Production for the fourth quarter of 2018 is expected to be in the upper half of prior guidance of 35,000 – 36,000 Boe per day, despite negative impact from curtailments and shut-ins during a turbulent quarter for in-basin realized prices. Northern increased hedged
Third quarter production averaged 26,708 Boe per day, an increase of 74% year-over-year and 27% sequentially. Increasing fourth quarter production guidance to a range of 35,000 – 36,000 Boe per day, an increase of over 100% year-over-year and 30% sequentially. Northern has reactivated its existing stock repurchase program, which had $108.3 million in remaining authority. Northern has agreed to repurchase 7.36 million shares from certain shareholders in the fourth quarter.