- EOG Resources expects a ~$155M non-cash losss during Q1 on the mark-to-market of its crude oil and natural gas derivatives contracts, according to an SEC filing.
- EOG says the net cash paid for settlements of the derivative contracts in Q1 was $34M, while actual realizations for crude oil and natural gas differ from average Nymex prices due to delivery location and quality adjustments.
- EOG typically reports its adjusted profit figures that exclude impacts from mark-to-market commodity derivative contracts.
For me, this is a trivial item that hardly merits posting except to make a point.
Disclaimer: this is not an investment site. Do not make any investment decisions based on anything you read here or think you may have read here.
On a day when the overall market surged 160 points, EOG finished flat.
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Will The Rally Continue?
Dow futures are down 50 points; oil is flat.
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Daily Activity Report
Active rigs:
4/16/2014 | 04/16/2013 | 04/16/2012 | 04/16/2011 | 04/16/2010 | |
---|---|---|---|---|---|
Active Rigs | 184 | 186 | 204 | 175 | 108 |
Sixteen (16) new permits --
- Operators: QEP (4), Triangle (4), OXY USA (3), Emerald Oil (3), Hess, American Eagle
- Fields: Grail (McKenzie), Elk (McKenzie), Fayette (Dunn), Boxcar Butte (McKenzie), Colgan (Divide), Blue Buttes (McKenzie)
Comments:
Wells coming off the confidential list Thursday:
- 20259, drl, KOG, Skunk Creek 3-24-25-14H3, Mandaree, no production data,
- 24661, 928, Whiting, Zalesky 21-17PH, North Creek, t10/13; cum 27K 2/14;
- 25381, drl, XTO, Loomer 41X-3D, Tobacco Garden, no production data,
- 25789, 2,495, Whiting, Lucky Lady 44-35H, Timber Creek, t10/13; cum 44K 2/14;
- 25790, 2,013, Whiting, Evelyn Moen 4-34H, Arnegard, t10/13; cum 43K 2/14;
- 25791, 2,172, Whiting, Roy Moen 44-34-2H, Arnegard, t10/13; cum 50K 2/14;
- 25913, drl, Zavanna, Bills 32-29 2H, Stockyard Creek, no production data,
- 26573, 116, Corinthian Exploration, Corinthian Kornkven 1-32 1H, North Souris, a Spearfish well, t12/13; cum 6K 2/14;
- 26638, drl, CLR, Cecelia 1-27H1, Stoneview, no production data,
- 26719, drl, Hess, EN-State C-156-93-1615H5, Alger, no production data,