AFE Leaks

Talos Q3 production was 91.5 MBoe/d, down 3.7 MBoe/d y/y; 3.1 MBoe/d reflected its Shelf and Gulf Coast divestiture. via SEC EDGAR sec.gov/Archives/edgar/data/… #AFELeaks

APA raised FY26 U.S. oil guidance to 124,000 bbl/d after Q3 produced 128,000 bbl/d. sec.gov/Archives/edgar/data/… #AFELeaks

Matador’s 3Q26 production rose 10% YoY to 230,470 BOE/d, 3% above guidance midpoint. Capex was $381MM, 10% below guidance midpoint. It repaid $150MM of debt in October. $MTDR #AFELeaks businesswire.com/news/home/2…

Ovintiv's Permian output was 235 MBOE/d in 3Q, 77% liquids; it turned 31 net wells in line. FY26 plan: ~5 rigs and 130–140 net wells. via Ovintiv sec.gov/Archives/edgar/data/… #AFELeaks

San Mateo plans a 300 MMcf/d Marlan gas-processing train and 20 miles of pipe by YE28 under 2 Delaware contracts. via Matador matadorresources.com/news-re… #AFELeaks

SM: USD 1.1B of 3Q operating cash flow and about USD 400M of Civitas-merger synergies, above its USD 375M revised target. 2026 capital is about USD 2.75B. via SEC sec.gov/Archives/edgar/data/… #AFELeaks

Diamondback reported 525 MBO/d of 3Q oil production and raised 2026 oil guidance to about 524 MBO/d, from 522+ MBO/d. The 4Q oil range is 518–528 MBO/d as cash capital guidance moves to USD 3.95B–USD 4.00B. via Diamondback Energy sec.gov/Archives/edgar/data/… #AFELeaks sec.gov/Archives/edgar/data/…

Continental Resources — Q3 2026 - Oil, gas and NGL sales: $2.14 billion, up 17% year over year. GAAP total revenues, including derivatives and service operations, were $1.38 billion. - Net income attributable to Continental: $69.8 million versus $556.0 million a year earlier. - Derivative losses: $797.7 million—$586.7 million non-cash and $211.0 million in net cash settlement losses. - Production: 454,417 boe/d, down 5%. Oil production fell 13% to 225,853 bbl/d. Bakken production declined 17%; Permian rose 2% and Anadarko rose 4%. Nine-month cash flow and capital: - Operating cash flow: $3.63 billion, down 1%. - Capital spending excluding acquisitions: $1.88 billion, plus $2.84 billion of acquisitions. - Full-year capex budget excluding acquisitions: approximately $2.8 billion. - September 30 cash: $415.9 million, with a $1.8 billion undrawn revolver. Management expects to use cash and revolver borrowings to repay $800 million of notes due November 15. Higher realized prices lifted commodity sales despite lower oil volumes, but cash hedge settlements and non-cash derivative losses weighed on earnings. Acquisitions were a major use of cash. Source: Q3 10-Q, filed October 30.

Antero 3Q: record 4.234 Bcfe/d production (+23% y/y), $634M adjusted EBITDAX (+99%). Optimized 400 MMcf/d of firm transport. anteroresources.com/news-eve… #AFELeaks

ProPetro 3Q revenue rose 16% q/q to USD 355M; adjusted EBITDA rose 33% to USD 60M as completions utilization and PROPWR deployments increased. SEC: sec.gov/Archives/edgar/data/… #AFELeaks

NOV reported USD 2.23B of 3Q revenue and USD 281M adjusted EBITDA. Its DAYTONA motor drilled 6,322 ft in the Haynesville at 131 ft/hr. SEC: sec.gov/Archives/edgar/data/… #AFELeaks

EQT reported 583 Bcfe of Q3 sales volume, with 21 Bcfe of strategic curtailments. Q4 outlook: 550–600 Bcfe and 16–26 net wells turned online. SEC: sec.gov/Archives/edgar/data/… #AFELeaks

Baker Hughes: 3Q OFSE orders USD 4.05B (+19% q/q); North America revenue USD 955M (+2% q/q, -3% y/y). International-led orders, modest NA service cadence. SEC: sec.gov/Archives/edgar/data/… #AFELeaks

Expand reported 7.54 Bcfe/d in Q3; 2026 plan is 11–12 rigs and ~USD 3B capex. Gas-supply cadence stays in focus. via SEC sec.gov/Archives/edgar/data/… #AFELeaks

Noble Q3 revenue was USD 729M and adjusted EBITDA USD 201M. Roughly USD 560M of awards since July lifted backlog to USD 6.7B, supporting utilization. SEC: sec.gov/Archives/edgar/data/… #AFELeaks

Oilfield Services Earnings Kickoff afeleaks.substack.com/p/oilf…

Baker Hughes: U.S. rigs held at 603; oil +1 to 460, gas -1 to 132. Permian stayed 272; Eagle Ford +2 to 51. Activity, not a production forecast. via OilPrice oilprice.com/Energy/Energy-G… #AFELeaks

SLB 3Q North America revenue: USD 2.40B, +7% q/q. SLB cited U.S. unconventional demand for production chemicals and artificial lift. via SLB sec.gov/Archives/edgar/data/… #AFELeaks

Phoenix Energy One permits secured junior lien notes and waives its 0.90x current-ratio minimum through Dec. 31. via SEC sec.gov/Archives/edgar/data/… #AFELeaks