Sentences with phrase «barrel of oil equivalent»

The group has previously said it aimed to reach a level of 400,000 barrels of oil equivalent per day without a specific time frame.

Production fell 23 percent to 1.2 million barrels of oil equivalent per day.

Netbacks, profit after subtracting transport and other expenses, averaged C$ 16.80 per barrel of oil equivalent in the first quarter, compared with C$ 21.25 a year earlier.

As one of the basin's largest acreage holders, Chevron controls an estimated 9.3 billion barrels of oil equivalent resources.

«The total deferred production due to the attack is 65,000 barrels of oil equivalent daily «I can confirm that.

China is keen to find natural resources and the Arctic could hold some 90 billion barrels of oil equivalent according to the U.S. Geological Survey.

Italy - based oil and gas major Eni will invest US$ 3 billion in the Republic of Congo over the next four years, generating an expected equity production of 150 million barrels of oil equivalent from tar sands and biodiesel production.

«There could be 20 billion barrels of oil equivalent left to exploit but the UK competes against every other basin in the world for investment and I am committed to make sure that we have a licensing regime and investment environment that attracts quality companies and investment to fully exploit the remaining potential.

Petrobras says new Sapinhoá offshore Brazil field has 2.1 B barrels of oil equivalent estimated recoverable

Continental's North Dakota production jumped about 50 percent in the first quarter, leap - frogging Whiting's output in the state by about 50,000 barrels of oil equivalent per day (boe / d).

Overall, the company has 19,000 future drilling locations across the Basin, which it estimates could help it unlock more than 8 billion barrels of oil equivalent resources.

The field, covering nearly 75 square miles, was discovered in 1911 and has produced over 2 billion barrels of oil equivalent (BOE), making it one of the most productive fields in the United States.

On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of oil equivalent per day to an average of about 315,000 boe / d, with exit production of about 335,000 boe / d, to account for lower heavy oil production, an advanced schedule for maintenance at its Tucker oilsands project and a slower ramp up in liquids - rich natural gas output from its BD Project in Indonesia.

Total upstream production came in at 689,400 barrels of oil equivalent per day in the first quarter, compared to 725,100 boe / d in the prior year quarter, as oilsands output fell to 404,800 barrels per day from 448,500 bpd.

PDC Energy Announces 2018 First Quarter Operating and Financial Results Including Production Increase of 34 % to 8.9 Million Barrels of Oil Equivalent

«We just closed on our first oil asset for $ 150 million, and it produces about 3,500 BOEs — barrels of oil equivalent — a day.

Total produced 2.703 million barrels of oil equivalent per day (boe / d) in the first quarter, driven by ramp - ups and new acquisitions, up more than 5 percent compared to the same period in 2017, and above analysts» estimates of 2.663 million boe / d.

Production rose 8.3 percent to 11.4 million barrels of oil equivalent per day.

It maintained 2018 investments at $ 15 - $ 17 billion, with an operating expense target of $ 5.5 per barrel of oil equivalent.

Aleida Rios is responsible for the safe, reliable and compliant operations on BP's four offshore platforms in the deepwater gulf, which produce 250,000 barrels of oil equivalent per day.

Encana reported first - quarter production of 324,400 barrels of oil equivalent per day, with 145,200 barrels per day of more valuable oil and natural gas liquids and the rest dry natural gas.

In an update to the ASX this week, Calima pointed out that testing of Painted Pony's first well in the Beg Block, just 40kms south of Calima's acreage, had averaged more than 2,000 barrels of oil equivalent per day.

«We are well - positioned to execute another year of strong growth for Encana as we prepare to cross the 400,000 boe (barrels of oil equivalent) per day milestone later this year,» said Doug Suttles on a conference call.

COPENHAGEN, Oct 9 - Danish oil and shipping group A.P. Moller - Maersk said on Tuesday Maersk Oil was targeting an entitlement oil production level above 400,000 barrels of oil equivalent per day by 2020..

Cenovus reported total production of 555,000 barrels of oil equivalent per day in the fourth quarter, up from 283,000 boe / d in the same period last year, as oilsands production rose to 361,000 bpd from 164,000 bpd.

Between 2005 and 2030, total U.S. oil output will double from less than 15 million barrels of oil equivalent a day to over 31 million.

- km patch stretching from B.C. to Alberta that the National Energy Board has estimated contains 90 billion barrels of oil equivalent, mostly natural gas, and could comprise more than half of the country's natural gas production by 2040.

BG, which will report full - year results on Feb. 5, said it expected 2015 production volumes to have hit 704,000 barrels of oil equivalent per day (boepd), above its previous forecast of 680 - 700,000 boed, due to new fields that have come on stream in Australia, Brazil and Norway.

Alberta - based Gear Energy Ltd pumps about 7,500 barrels of oil equivalent per day, and recently had an Asian customer walk away from an agreement to buy crude after failing to secure a way to ship oil to the West Coast.

Canadian Natural production averaged a record 1.02 million barrels of oil equivalent per day in the fourth quarter, a 19 per cent increase from the year - earlier period, as it ramped up the latest expansion of its Horizon oilsands mining and upgrading project.

Production rose to 1.867 million barrels of oil equivalent a day, with oil prices up 8 percent year - on - year.

Drilling began six years ago, and by 2015, production averaged just over 60,000 barrels of oil equivalent per day (BOE / D).

It reported production of 178,400 barrels of oil equivalent per day, up from 173,300 boe / d in the same period of last year.

With Shell's output up 2 percent at 3.8 million barrels of oil equivalent per day (boe / d) and Total's production rising 5 percent to 2.7 million boe / d in the quarter, both were well positioned to capture the price upswing in benchmark oil prices.

In January this year, Exxon bought companies owned by the Bass family in a deal that more than doubled the oil giant's Permian Basin resources to 6 billion barrels of oil equivalent, after adding an estimated resource of 3.4 billion barrels of oil equivalent in New Mexico's Delaware Basin.

The per well estimated ultimate recovery (EUR) in the Kersey Area is 490 thousand barrels of oil equivalent («MBoe») for a standard reach lateral («SRL»)(~ 4,200»), 800 MBoe for a mid-reach lateral («MRL»)(~ 6,900») and 1,100 MBoe for an extended reach lateral («XRL»)(~ 9,500»).

The Company's total 2016 net production increased approximately 44 % year - over-year to 22.2 million barrels of oil equivalent («MMBoe»), which was derived primarily from the Wattenberg Field, and consisted of 61 % crude oil and NGLs, and 39 % natural gas.

As of year - end 2016, the Company had proved reserves of 341, million barrels of oil equivalent («MMBoe»), and owned an interest in approximately 2,900 gross productive wells.

The oil and natural gas exploration and production company said that production totaled 10.5 million barrels of oil equivalent, about five - sixths of which came from petroleum and natural gas liquids.

Production out of Encana's core assets averaged 246,500 barrels of oil equivalent per day (BOE / d) during the second quarter, which was up 9,200 BOE / d from the first quarter.

The Company produced approximately 140 thousand barrels of oil equivalent per day (MBoe / d), as of December 31, 2016.

Production would be about 290,000 barrels of oil and gas equivalent per day, with reserves sitting at 1.2 billion barrels of oil equivalent.

SM Energy produced 44.5 million barrels of oil equivalent (MMBoe) in 2017, and is guiding for 42 MMBoe to 46 MMBoe in 2018.

The company's guidance for 2017 was in the 39,000 to 41,000 barrels of oil equivalent per day (boe / d) range prior to the sale, but the deal will leave Halcon with only 7,500 boe / d.

On Thursday, it announced it would reduce its production guidance for the year by about 10,000 barrels of oil equivalent per day to about 335,000 boe / d to account for lower heavy oil production, an advanced schedule for maintenance at its Tucker oilsands project and a slower ramp up in liquids - rich natural gas output from its BD Project in Indonesia.

As of December 31, 2016, the Company had net proved reserves of 568 million barrels of oil equivalent (MMBoe).