Shale Keeps Getting Leaner and Meaner [Yahoo! Finance]
Civitas Resources, Inc. (CIVI)
Last civitas resources, inc. earnings: 8/7 04:15 pm
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Source: Yahoo! Finance
But those expectations may have been misleading because now some producers are planning output boosts—thanks to cost reductions. Last year, shale drillers surprised pretty much everyone by increasing their production considerably despite a drop in drilling rigs. The increase came thanks to improved drilling efficiencies that drove production costs down and output up. This year, the industry looks set to continue on that trajectory. Wood Mackenzie analysts reported this week that costs in the shale patch could decline by 10% this year. The analysis sees costs peaking in 2023 and beginning to fall this year, with the decline set to continue—albeit at a much slower pace of 1%—in 2025. "More efficient operations are helping E&Ps drill and complete wells faster, cutting costs. At the same time, OFS firms are utilizing more efficient kit and workflows to sustain elevated prices," Wood Mac principal analyst Nathan Nemeth said. "If E&Ps look to reduce costs more, it must come from addit
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CIVI
News
- Is Civitas Resources (CIVI) an Undervalued Stock? [Yahoo! Finance]Yahoo! Finance
- Civitas Resources Publishes 2024 Corporate Sustainability Report [Yahoo! Finance]Yahoo! Finance
- Civitas Resources Publishes 2024 Corporate Sustainability ReportBusiness Wire
- Civitas Comments on Lowry Ranch CAP Approval [Yahoo! Finance]Yahoo! Finance
- Civitas Comments on Lowry Ranch CAP ApprovalBusiness Wire
CIVI
Earnings
- 8/1/24 - Miss
CIVI
Sec Filings
- 9/4/24 - Form SC
- 8/15/24 - Form 4
- 8/2/24 - Form 4
- CIVI's page on the SEC website