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.
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.
Oct 19 (Reuters) - Entek Energy Ltd :Mark Mcauliffe appointed to role of executive chairman and managing director.
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.
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.
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.
Oct 18 (Reuters) - Camber Energy Inc :Camber Energy Inc - on Oct. 13, 2017, board removed interim designation for Robert Schleizer as Chief Financial Officer.
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.
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.
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.