- 4Q18: adjusted earnings of a loss of 5 cents/share vs estimate of 53 cents;
- 4Q18: total revenue of $473.23 million, vs estimate of $496.51 million;
- full year daily production: 127,980 boepd, an increase of 8% year-over-year
- crude oil production: 88,645 bopd during 4Q18; a 3% increase over 3Q18
- net cash from operating activities: $1.092 billion
- free cash flow: $280 million
- guidance: 2019 CAPEX of $800 - $840 million; to grow operated Williston Basin total production 11% and oil production 15% year-over-year
- 4Q18: adjusted earnings of ten cents/share, vs estimate of 9 cents; down from 12 cents in 4Q17
- 4Q18: total revenue of $338.4 million, vs estimate of $329.7 million; up from $326.6 million in same period last year
Making America great again: Fiat Chrysler (FCA) to open Jeep factory in Detroit, invest $4.5 billion in southeast Michigan; link here --
Detroit will get a Jeep factory, the Motor City’s first new auto assembly plant in a generation, as part of a $4.5 billion manufacturing expansion in southeast Michigan by Fiat Chrysler that will mean nearly 6,500 new jobs, the company announced Tuesday.
Disclaimer: this is not an investment site. Do not make any investment, financial, job, travel, or relationship decisions based on anything you read here or think you may have read here.FCA said it would convert the Mack Avenue Engine factory to an assembly plant for the next-generation Jeep Grand Cherokee and a new, large Jeep SUV. In all, the company said it will add production at five factories in metro Detroit.
WTI: up over 2%; up over $1; trading at $56.69. Some suggest oil prices could soar on trade war truce.
Back to the Bakken
Only one well coming off confidential list today -- Wednesday, February 27, 2019: 112 wells for the month; 215 wells for the quarter
- 32815, 2,424, CLR, Brandvik 9-25H, Corral Creek, t12/18; cum 96K 12/18; absolutely incredible; 60 stages; 10.8 million lbs; the Brandvik wells are tracked here;
RBN Energy: the liquefaction train ramp-up process and timelines.
With about 30 million metric tons per annum (MMtpa) of liquefaction capacity scheduled to come online in 2019, feedgas deliveries are poised to be the biggest driver of Lower-48 natural gas demand this year. The timing of this emerging export demand growth from these complex, multi-process facilities will come down to a veritable obstacle course of construction and testing timelines and regulatory approvals. Understanding these factors will be key to anticipating the gas-market impacts of the oncoming demand. Today, we begin a short series breaking down the liquefaction train commissioning process and what it tells us about the timing of incremental feedgas demand over the next several months.