Shell's Output Expansion Plan for Perdido Development Faces Delay [Yahoo! Finance]
RPC, Inc. (RES)
Last rpc, inc. earnings: 1/29 06:45 am
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Source: Yahoo! Finance
The company had initially expected to bring three wells online in April 2025 to boost production. These three wells are part of Perdido's Great White unit, and one was brought online in March 2025. However, the other two wells are facing delays and are anticipated to come online by the end of this year. The three wells are expected to produce up to 22,000 barrels of oil equivalent per day (Boe/d) at peak rates, thereby increasing the platform's output. The production from the Perdido development began in 2010. The offshore field is operated by Shell, which holds a 35% working interest. The remaining 65% interest is held by Chevron and other partners. At peak rates, the output capacity from the field is 125,000 Boe/d. The Perdido development includes three field, namely Great White, Tobago and Silvertip. As part of its efforts to boost production at the platform, Shell had also mentioned that it planned to bring two additional wells into production at the Silvertip unit in Decemb
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News
- RPC, Inc. Announces Date for Second Quarter 2025 Financial Results and Conference CallPR Newswire
- Shell Commits to Invest in Malaysia Over the Next Three Years [Yahoo! Finance]Yahoo! Finance
- Shell Approves Final Investment Decision for Aphrodite Field [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy RPC (RES) Stock? [Yahoo! Finance]Yahoo! Finance
- RPC, Inc. Reports First Quarter 2025 Financial Results And Declares Regular Quarterly Cash DividendPR Newswire
RES
Earnings
- 4/24/25 - Miss
RES
Sec Filings
- 6/12/25 - Form 8-K/A
- 5/30/25 - Form SD
- 5/6/25 - Form EFFECT
- RES's page on the SEC website