Two CLR Peterson Wells Coming Off Confidential List Today; Active Rigs Jump To 64 -- April 26, 2019

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Title : Two CLR Peterson Wells Coming Off Confidential List Today; Active Rigs Jump To 64 -- April 26, 2019
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Two CLR Peterson Wells Coming Off Confidential List Today; Active Rigs Jump To 64 -- April 26, 2019

Wells coming off the confidential list today -- Friday, April 26, 2019: 79 wells for the month; 79 wells for the quarter
34463, conf, CLR, Peterson 5-29H1, East Fork, a nice well;
34462, conf, CLR, Peterson 4-29H, East Fork, a nice well;
Active rigs:


4/26/2019 04/26/2018 04/26/2017 04/26/2016 04/26/2015
Active Rigs 64 63 48 26 84

RBN Energy: E&P transformations drive strong 2018 results and 2019 outlook, part 2. Archived.
Wednesday’s blockbuster announcement that Occidental Petroleum is challenging Chevron’s definitive agreement to acquire Anadarko Petroleum with a considerably higher offer sent another shock wave across what had been mostly somnolent energy M&A and equity markets. Oxy’s $76/share bid — $11/share more than Chevron’s — valued Anadarko at a whopping 65% premium to its closing price the day before Chevron’s deal to acquire the company was unveiled on April 12. The prospective Oxy/Chevron bidding war provided some of the strongest evidence yet that investors overreacted to the fourth-quarter decline in oil prices when they drove down E&P stock prices by some 40%, as measured by the S&P’s E&P Stock Index. Why the lack of market love? Many U.S. E&Ps are doing very well, actually. In today’s blog, Nick Cacchione identifies and discusses the outstanding performers among the 44 U.S. E&Ps we track, and considers the factors that could drive profit improvement in 2019.


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