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EOG Reported Good Numbers, Good Well Results, Maintains Guidance But Is Getting Oilier Quicker Than Expected. The 2Q09 Numbers: Production: 189 Bcfe, down 2% sequentially, up 8% vs the year ago quarter Guidance for the second quarter was 181 to 194 Bcfe so volues were above the mid point. The sequential decline in U.S. [...]
In Today’s Post: Holdings Watch Commodity Watch Natural Gas Preview – Expecting a slightly sub consensus injection number. EIA Oil Inventory Review Stuff We Care About Today – HK post secondary thoughts; Earnings Watch: CLR (great numbers, better news), BEXP, ATW, GDP. Odds & Ends – JPM raises Energy sector to Overweight [...]
CLR Reported Big Beat On The Numbers; Confirms Bakken and T.F.S. Separate …. And The Crowd Goes Wild The 2Q Numbers: Production of 37,347 BOEpd (74% oil) Oil production was up 1.4% vs 1Q09 Oil production was 18% from 2Q08 Revenue of $151.7 mm vs $131 mm expected Pricing: oil realized at $53.44; $6.02 [...]
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