Consequently, the wells are outperforming nearby offset wells by 37% and 48% in the Bakken and Three Forks Formations, respectively, while using similar proppant intensities. In the Gulf Cooperation Council (GCC) region, a fit-for-basin approach was deployed for a customer to evaluate new resources in deeper reservoirs with high formation temperatures. Well Services and Completions revenue was also higher in Saudi Arabia and Russia but was partially offset by reduced activity in Argentina. In the Eastern Middle East GeoMarket, revenue was lower due to reduced IDS activity in Iraq. Reservoir Characterization pretax operating margin of 22% was 149 basis points (bps) higher sequentially due to the peak summer campaign for Wireline and stronger WesternGeco multiclient seismic license sales. Land drilling revenue was essentially flat as our fit-for-basin technology-access approach to drilling equipment sales and leases helped offset the decline in drilling activity due to lower rig count. This consists of $72 million of asset impairments, a $26 million devaluation charge, and $29 million of severance. The ETR for the third quarter of 2019, calculated in accordance with GAAP, was 5% as compared to 16.7% The customer reduced drilling time by 27% or approximately 179 hours across the eight runs. Presentation slides accompanying this earnings release are available on the Company’s website at www.callon.com located on the “Presentations” page within the Investors section of the site. (To view PDF files, get Adobe Acrobat Reader.). Since the launch of the DELFI environment, about 100 customers have adopted the environment as we continue to introduce new applications. It was $312 million at the end of the second quarter of 2019. The combination of fit-for-basin technologies and performance models is enabling our customers’ performance through improved efficiency and workflow optimization. In the DJ Basin, SRC Energy used the NeoSteer CL* curve and lateral at-bit steerable system to drill a 12-well pad targeting vertical, curved, and lateral sections. Third-quarter EPS of $0.43, excluding charges, was 23% higher than the second quarter. *Mark of Schlumberger or of Schlumberger companies. 5) What is the difference between Schlumberger’s consolidated income (loss) before taxes and pretax segment operating income? Ask for the “Schlumberger Earnings Conference Call.” At the conclusion of the conference call, an audio replay will be available until November 19, 2019 by dialing +1 (800) 475-6701 within North America, or +1 (320) 365-3844 outside North America, and providing the access code 471224. As these impairment charges were effective as of August 31, 2019, the third-quarter operating results include a one-month reduction in depreciation and amortization expense of $27 million. These technologies are being successfully implemented across multiple basins in North America. Don't have an account? Schlumberger Limited has executive offices in Paris, Houston, London, and The Hague, and reported revenues of $32.82 billion in 2018. Sustained international activity drove overall growth despite mixed results in North America. Valves & Process Systems revenue declined due to reduced activity in North America. Premium content requires special account permissions. This was driven by higher international revenue for Surface Systems, OneSubsea, and Drilling Systems. Interest income of $8 million for the third quarter of 2019 decreased $3 million sequentially. Enbridge Files 2019 Year End Disclosure Documents. Daten über Ihr Gerät und Ihre Internetverbindung, darunter Ihre IP-Adresse, Such- und Browsingaktivität bei Ihrer Nutzung der Websites und Apps von Verizon Media. “The board of BP reviewed the dividend in the first quarter as usual and reviewed it in full and the decision was made to pay that dividend based on the underlying performance of the business in the first quarter and based on the actions we are taking,” Looney told CNBC on Tuesday. Schlumberger CEO Olivier Le Peuch commented, “We ended the third quarter with revenue of $8.5 billion, a 3% sequential increase while pretax segment operating income of $1.1 billion rose 13%. The increase in Reservoir Characterization revenue was also driven by higher WesternGeco multiclient seismic license sales in North America, both on land and offshore. The May contract of U.S. West Texas Intermediate plunged below zero to trade in negative territory for the first time in history last week. “Interest and other income” for the third quarter of 2019 was $21 million. Cameron revenue was also higher in the area due to increased OneSubsea and Surface Systems equipment sales, mainly in the UK & Continental Europe and Sub-Sahara Africa GeoMarkets. 9) What was the unamortized balance of Schlumberger’s investment in SPM projects at September 30, 2019 and how did it change in terms of investment and amortization when compared to June 30, 2019? Cameron revenue increased 3% sequentially from higher OneSubsea®, Surface Systems, and Drilling Systems sales—primarily in the international markets. Get the detailed quarterly/annual income statement for Schlumberger N.V. (SLB). The components of the $12.7 billion pretax charge are as follows (in millions): 14) What is the depreciation and amortization expense effect of the impairment charges on the third quarter’s results? Active in the Eagle Ford Shale, Permian Basin, Oklahoma and Bakken Shale, Marathon reported a $20 million loss during the fourth quarter of 2019 compared with a $165 million profit a year earlier and revenue fell to $1.2 billion from $1.3 billion. View Schlumberger stock / share price, financial statements, key ratios and more at Craft.
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