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Oil & Gas Exploration and Production

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Valeura Energy says CEO Jim McFarland, will be retiring as an executive of corp effective Dec 31

1:00pm BST

Oct 19 (Reuters) - Valeura Energy Inc :Valeura announces executive changes.Valeura Energy Inc - ‍Co-founder, president and CEO, Jim McFarland, will be retiring as an executive of corporation effective December 31, 2017​.Valeura Energy Inc - ‍McFarland will continue to serve as a director of Valeura​.Valeura Energy Inc - ‍McFarland expects to stand for re-election to board of directors at next annual general meeting of shareholders in May 2018​.Valeura Energy Inc - ‍McFarland will remain as ceo in interim period to year-end 2017​.Valeura Energy Inc - ‍Sean guest, co's COO, to assume additional role of president and will become president and ceo upon McFarland's retirement​.

Thai's PTTEP delays Canadian oil sands project at cost of $550 mln

11:39am BST

Oct 19 (Reuters) - PTT Exploration and Production Pcl :Says will delay Mariana Oil Sands project in Canada, incurs impairment loss of $550 million.Says impairment will be recorded in third-quarter results statement.Says impairment will not impact cash flows.

Entek Energy says ‍Mark Mcauliffe appointed as executive chairman and managing director​

9:50am BST

Oct 19 (Reuters) - Entek Energy Ltd :‍Mark Mcauliffe appointed to role of executive chairman and managing director​.

Genel Energy says ‍2017 guidance unchanged, ‍Q3 net production 33,810 BOPD​

7:00am BST

Oct 19 (Reuters) - Genel Energy Plc :‍2017 GUIDANCE REMAINS UNCHANGED​.‍Q3 2017 NET PRODUCTION AVERAGED 33,810 BOPD, WITH PRODUCTION FOR NINE MONTHS ENDING SEPTEMBER 2017 AVERAGING 36,030 BOPD​.‍CAPITAL EXPENDITURE FOR Q3 2017 TOTALLED $27 MILLION​.‍TAWKE PSC PRODUCTION IN Q3 AVERAGED 110,460 BOPD​.‍$191 MILLION OF TOTAL CASH PROCEEDS WERE RECEIVED IN NINE MONTHS ENDING SEPTEMBER 2017, OF WHICH $52 MILLION WAS RECEIVED IN Q3​.‍CAPEX FOR NINE MONTHS ENDING 30 SEPTEMBER 2017 TOTALLED $68 MILLION, INCLUDING SPEND ON KRI GAS ASSETS AND SOMALILAND SEISMIC ACQUISITION​.‍EXPECT TO MATERIALLY ENHANCE CASH FLOWS GOING FORWARD​.‍ELIMINATION OF TAWKE CBP IN RSA EXPECTED TO POSITIVELY IMPACT AUGUST AND SEPTEMBER 2017 NET PROCEEDS FOR TAWKE CURRENT SALES BY $5 MILLION​.‍Q3 2017 NET PRODUCTION AVERAGED 33,810 BOPD, WITH PRODUCTION FOR NINE MONTHS ENDING SEPTEMBER 2017 AVERAGING 36,030 BOPD​.

Woodside Petroleum qtrly production 20.3 mmboe; appoints new CFO

Wednesday, 18 Oct 2017

Oct 19 (Reuters) - Woodside Petroleum Ltd :Qtrly total production 20.3 mmboe versus 25.2 mmboe a year ago‍​.Qtrly sales 21.1 mmboe versus 25.4 mmboe last year.Q3 sales revenue $914‍​ million versus $988 million a year ago.Appointed Sherry Duhe as its chief financial officer, effective 1 december 2017‍​.Woodside’s 2017 production guidance has been narrowed to 84–86 mmboe.Start-Up of LNG train 2 is expected in six to eight months for Wheatstone LNG​.Pyi Tharyar-1 well in Block A-6 intersected a thin column of gassaturated sands, which are unlikely to be commercially recoverable in Myanmar‍​.

Earthstone Energy estimates Q3 production of about 9,671 boepd ​

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Earthstone Energy Inc :Earthstone Energy Inc - ‍estimates that production for Q3 of 2017 was approximately 9,671 boepd (63% oil, 82% liquids)​.Earthstone Energy Inc - ‍production during Q3 was impacted by offset completion activity and storm-related downtime​.Earthstone Energy Inc - ‍revising its estimated 2017 capital expenditures downward from approximately $115 million to approximately $85 million​.Earthstone Energy Inc - ‍maintaining its 2017 average daily production estimate of 7,800 - 8,200 boepd​.Earthstone Energy Inc - reducing its 2017 estimated exit rate by 500 boepd to account for completed and potential divestitures of non-core assets​.

Camber Energy removes interim designation for Robert Schleizer as CFO

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Camber Energy Inc :Camber Energy Inc - ‍on Oct. 13, 2017, board removed interim designation for Robert Schleizer as Chief Financial Officer​.

Pengrowth announces the sale of non-core Alberta assets

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Pengrowth Energy Corp :Pengrowth announces the sale of non-core Alberta assets.Says ‍sale is expected to generate material savings in aggregate operating expenses as well as general and administrative costs​.Says ‍cost savings, when combined with sale proceeds result in transaction being neutral to funds flow​.Says ‍sale is expected to generate material savings in aggregate operating expenses as well as general and administrative costs​.Says ‍upon completion of sale, Pengrowth's Alberta assets include its Lindbergh Thermal Oil, Quirk Creek and Fenn Big Valley Assets​.Says to sell ‍majority of remaining legacy assets in Alberta for nominal cash consideration, assumption of abandonment, reclamation liabilities​.

Halcón Resources announces preliminary Q3 delaware basin production

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Halcon Resources Corp ::Halcón Resources announces preliminary third quarter 2017 delaware basin production and updated fourth quarter 2017 production guidance.Halcon Resources Corp - ‍estimates Q3 2017 production associated with its delaware basin assets averaged approximately 4,750 boe/d​.Halcon Resources Corp - ‍expects Q4 2017 production to average 7,500 to 9,500 boe/d​.Halcon Resources Corp - ‍production generated from delaware basin assets alone is expected to average 6,500 to 7,500 boe/d for Q4​.Halcon Resources Corp - ‍has two wells currently flowing back after completion in its hackberry draw area in Pecos County​.Halcon Resources - ‍expects to put an additional four to six wells online before December 31, 2017, in both its hackberry draw and monument draw areas​.Halcon Resources Corp - ‍expect to become cash flow positive in a couple of years running three or four rigs​.Halcon Resources - ‍expect to generate pro forma production growth of 2.5X to 3.0X for both full year and Q4 of 2018 versus. Same periods in 2017​.Halcon Resources - ‍pro forma liquidity of over $750 million at June 30 provides with capital to fund growth without need to access debt/equity markets​.

Encana to update five-year plan during Investor Day

Wednesday, 18 Oct 2017

Oct 18 (Reuters) - Encana Corp :Encana to update five-year plan during Investor Day; company expects to deliver leading corporate returns, strong cash flow growth and substantial free cash flow.Encana Corp - ‍through its five-year plan, company expects its return on capital employed will climb to between 10 to 15 percent​.Encana - ‍expects to deliver about 25 percent compound annual growth in non-GAAP cash flow, around $1.5 billion cumulative adjusted free cash flow through 5-year plan​.

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