Compare to others reporting today (or earlier):
- COP: tough report for COP; $1.80/share vs $2.41/share yoy;
- NFX: tough report; $1.00/share vs $1.62/share yoy; July corporate presentation; raises production forecast, doesn't mention the Bakken; earnings call at SeekingAlpha.com;
- STR: 22 cents vs 22 cents yoy; misses on revenue;
- WFT: ugly;
Comments from readers
On Newfield's conference call: The reason they don't like the Williston Basin and prefer to talk about
their other plays (Unita and Monument Basin) is cost. Newfield spends
at least twice as much, and usually more, per well in the Bakken than
the plays in Utah. But one thing they make perfectly clear: the EUR's
haven't been compared and the Bakken, in my opinion, will surely prove
to be the greater of the two. [Comment: I am biased, but I agree. Thank you for taking time to write.]
Biased or not, I agree :-)
ReplyDeleteEOG will not drill enough wells in their Marcellus JV to meet their requirement to continue. They will keep rights in drilled wells but walk away from future potential. EOG never got the hang of the Marcellus. Their wonderful Eagle Ford play seems to be draining EOG of capital and human resources.
ReplyDeleteanon 1
Good evening. It's been awhile. I don't follow / am unable to follow these companies to the granularity that you follow them, so I am always happy to hear from you.
DeleteI haven't followed EOG at all outside the Bakken. It is interesting that even the Eagle Ford is having its growing pains. Again, I'm very biased, but the Bakken has a few things going for it. So, we'll see how this all plays out.