Fittings & Flanges Valves Systems
Actuators Control Valves Firefighting Systems
YOUR SUPPLIER OF:
Chevron’s spending was $35.4 billion, down 6.8% from
2013 outlays. ExxonMobil decreased its 2014 outlays by
$1 billion to $34.6 billion, while ConocoPhillips boosted it
spending last year by 10% to $17 billion.
Anadarko increased its capital spending by 23% to $9.5
billion last year from a year ago.
With a count of 1, 125 wells, Chevron leads the OGJ150
group in the number of net wells drilled in the US during
2014. The second company on the list is California Resources with 986 wells, followed by EOG, Anadarko, Apache, and
Linn Energy LLC ranks at No. 7 and drilled 699 net wells
in the US last year, up from 306 a year ago.
Oxy, if without the spinoff of California Resources, would
have had 1,465 net wells drilled in the US last year, up from
1,289 wells drilled for 2013. The joining of California Resources actually has shrunk the top 20 list by drilling.
The list of fastest-growing companies ranks firms based on
growth in stockholder equity. For a company to appear on
this list, it must have posted positive net income in both
2013 and 2014, and it must have had an increase in net in-
come last year. Excluded from this list are limited partner-
ships, newly public companies, and subsidiaries. The list is
limited to the top 20 fast growers.
Exco Resources Inc., ranked No. 55 in total assets, leads
the list this year. With headquarters in Dallas, Exco reported
stockholders’ equity of $510 million last year compared with
$147.9 million in 2013. Earnings climbed to $120.67 million
in 2014 from $22.2 million in 2013.
Abraxas Petroleum Corp., the second fastest grower and
No. 91 in total assets, posted an increase in stock equity of
138.8% to $207.49 million and net income increased 63.7%
to $63.27 million from a year ago.
Three of the current fast growers were also on the list
in the previous edition of the OGJ150, which was based on
2013 results. These are Oasis Petroleum Inc., Callon Petroleum Co., and Continental Resources Inc.
The long-term debt positions of the firms on the list were
mixed. Nine of the companies increased long-term debt
while six decreased long-term debt.