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  • uploads///OECD crude oil inventories
    Energy & Utilities

    OECD’s Crude Oil Inventories: Trump Card for Crude Oil Bulls?

    The EIA estimates that global crude oil inventories could rise in 2018 and 2019, which is bearish for oil prices.

    By Gordon Kristopher
  • uploads///Weekly US crude oil production
    Miscellaneous

    Will US Oil Production Pressure Crude Oil Futures?

    February WTI crude oil futures contracts fell 0.9% to $63.73 per barrel on January 16. Brent oil futures fell 1.6% to $69.15 per barrel on the same day.

    By Gordon Kristopher
  • uploads///Energy MWU_ UPSTREAM Losers
    Energy & Utilities

    Upstream Losers this Week: COG, SRCI, HK, AREX, and BBG

    Having looked at the percentage gainers, we’ll now move on to the percentage losers from the oil and gas production—or upstream—sector in the United States this week.

    By Nicholas Chapman
  • uploads///Energy WU_ UPSTREAM Losers
    Energy & Utilities

    Upstream Low Performers: PE, VET, ERF, AREX, and TELL

    Having looked at the percentage gainers, we’ll now move on to the percentage losers from the oil and gas production—or upstream—sector in the United States this week.

    By Nicholas Chapman
  • uploads///p
    Energy & Utilities

    Last Week on Market Realist: Key Energy Industry Updates

    In its 2Q17 earnings conference, Whiting Petroleum lowered its capex for 2017 from $1.1 billion to $950 million. Its capex was ~$554 million in 2016.

    By Rabindra Samanta
  • uploads///Upstream_Q_Top Debt Load_Analyst
    Energy & Utilities

    Analyzing Wall Street Targets for JONE, HES, SN, DNR, and AREX

    In this part of our series, we’ll analyze Wall Street recommendations for the five most leveraged oil and gas producers we’ve been discussing in this series.

    By Nicholas Chapman
  • uploads///Upstream_Q_Top Debt Load
    Company & Industry Overviews

    Why These Upstream Companies Might Struggle to Pay their Debt

    The steep fall in crude oil (USO) as well as natural gas (UNG) and NGLs (natural gas liquids) prices from June 2014 to February 2016 saw these commodities fall ~76% and ~75%, respectively.

    By Nicholas Chapman
  • uploads///ECA Q Post YTD Price
    Energy & Utilities

    How Encana Stock Has Performed This Year

    Year-to-date, Encana’s (ECA) stock has fallen ~19% to $9.53. The stock is trading below its 50-week and 200-week moving averages.

    By Nicholas Chapman
  • uploads///ECA Q Pre Production
    Earnings Report

    Could Encana See Production Growth in 2017?

    Production guidance Encana (ECA) did not give any specific production guidance for 1Q17. However, during its 4Q16 earnings conference call, it gave fiscal 2017 production guidance. For 2017, Encana expects total production of 320 Mboepd[1.thousand barrels of oil equivalent per day]–330 Mboepd, which represents a midpoint decrease of ~8% from 2016. Encana expects to return to […]

    By Nicholas Chapman
  • uploads///ECA Q Post Production
    Earnings Report

    Encana’s Quarterly Production Hit a 2-Year Low

    For fiscal 2016, Encana (ECA) reported production of 352.7 Mboepd (thousand barrels of oil equivalent per day), which is above the mid-point of its production guidance range of 340–360 Mboepd.

    By Nicholas Chapman
  • uploads///IV of upstream stocks
    Miscellaneous

    Upstream Stocks with High and Low Implied Volatility

    As of June 17, 2016, Triangle Petroleum (TPLM) had the highest implied volatility among upstream stocks at 225.5. Its 15-day average implied volatility was 232.5.

    By Rabindra Samanta
  • uploads///implied volatility of upstream stocks
    Miscellaneous

    Which Upstream Stocks Have the Highest Implied Volatility?

    Among upstream stocks, Occidental Petroleum (OXY) had the lowest implied volatility figures. Its implied volatility was 21.5 on June 3, 2016.

    By Rabindra Samanta
  • uploads///EGN Q Post Production
    Earnings Report

    Energen’s 1Q16 Operational Performance, Management Strategies

    For 2016, Energen has increased its drilling and development capital by $100 million–$150 million to a new range of $350 million–$400 million.

    By Nicholas Chapman
  • uploads///MUR Q Post Annotations
    Earnings Report

    Can Murphy Oil’s Stock Price Continue to Rise?

    Following its earnings, there was an opposing reaction. Better-than-expected earnings saw Murphy Oil’s stock price fall by 7.8% the next day.

    By Nicholas Chapman
  • uploads///WPX Q Post Production
    Earnings Report

    Did WPX Energy’s Management Strategies Help?

    For 1Q16, WPX Energy reported 52% of crude oil in its production mix. That’s much higher when compared to a 20% crude oil production mix in 1Q15.

    By Nicholas Chapman
  • uploads///Correlation Of XOP With Crude Oil
    Miscellaneous

    An Analysis of the Correlation between XOP and Crude Oil

    Here we’ll present the results of a quarterly correlation analysis between crude oil and the SPDR S&P Oil & Gas Exploration & Production ETF (XOP).

    By Rabindra Samanta
  • uploads/// month ng  apr
    Company & Industry Overviews

    May Natural Gas Futures Down – Ahead of Inventory Data

    Natural gas performance, relative to other commodities, was poor on April 1, 2015. However, the best performer for the day was WTI crude oil.

    By Gordon Kristopher
  • uploads///Permian
    Energy & Utilities

    Why the Permian Basin has been driving horizontal rig count records

    Out of the current 1,575 oil rigs at work, the majority—roughly 552—are in the Permian Basin. The Eagle Ford has 196 rigs, the Williston and Bakken have 192 rigs, and the Mississippian has 79 rigs.

    By Alex Chamberlin
  • Energy & Utilities

    Why the Permian has been driving vertical rigs to reach records

    The Permian Basin has the highest number of rigs in the U.S. Out of the 558 rigs in the Permian as of August 15, 2014, 57% are horizontal, 38% are vertical, and ~5% are directional. In contrast, as of August 19, 2011, only ~18% of the rigs were horizontal versus ~79% vertical rigs.

    By Alex Chamberlin
  • Energy & Utilities

    The Permian Basin’s resource potential and oil versus gas split

    The magnitude of hydrocarbons available in the Permian Basin is one of the factors that make it an attractive place to drill for oil and gas. Another major factor is the oil and gas split given current commodity prices.

    By Alex Chamberlin
  • Energy & Utilities

    Key players like EOG Resources operating in the Permian Basin

    EOG believes its production rate in the Permian Basin is slowing down relative to the past few years because the shale play quality and other technical aspects of the Eagle Ford or Bakken shales are more encouraging to production.

    By Alex Chamberlin
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