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More First Quarter (1Q) Update News
Gulfport Touts Super Long Lateral and Strategic Pivot To Gas Asset
Gulfport Energy Corporation kicked off 2025 with a quarter of operational precision, pricing strength, and clear strategic intent — setting the stage for a transformative year ahead. From…
Civitas Provides Update on Current Rigs & Frac Crews
Second Quarter Outlook The Company has reiterated its full year guidance for 2025. For the second quarter, Civitas anticipates approximately five percent oil volume growth at the midpoint…
NuVista Energy – 2025 Capital Program and Operating Momentum
NuVista enters 2025 with strong operational momentum following a record 2024 and a balance sheet that affords both growth and shareholder returns. The Company has reaffirmed its ~$450…
Large Permian E&P Talks 1Q'24; 282 Wells Planned for 2024
Diamondback Energy provided an update to it's first quarter 2024. Let's first take a look at the development plan. The company program remains unchanged, and one can expect…
CNX Resources Cut Frac Activity 50%, Talks 1st Quarter Activity
CNX Resources a marcellus operator provided an update on its first quarter 2024 activity. Activity quick Read - Reduced to 1 rig - Reduced from dedicated frac crew…
Rockies - DJ Basin News
Permian E&P Bucking The Trend; Plan to Increasing Drilling & Fracs in 2026
Occidental’s 2025 U.S. onshore program is centered on the Permian, with ~$3.5B of Permian CapEx and ~$0.8B in the Rockies, totaling ~$4.3B. This supports ~15 net rigs in…
Japex Enters DJ Basin with Acquistion of Verdad
Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced a major expansion into North American shale with a $1.3 billion acquisition of Verdad Resources Intermediate Holdings LLC (VRIH), marking…
PDC Energy, Inc., First Quarter 2023 Results
PDC Energy, Inc., announced first quarter 2023 results. Highlights Net cash from operating activities of approximately $590 million, adjusted cash flows from operations, a non-U.S. GAAP metric defined…
Crescent Energy Company First Quarter 2023 Results
Crescent Energy Company announced first quarter 2023 results. Highlights Reported $256 million of net income and $54 million of Adjusted Net Income(1) Generated $232 million of Adjusted EBITDAX(1)…
Civitas Resources, Inc. First Quarter 2023 Results
Civitas Resources, Inc. announced first quarter 2023 results. Highlights Average daily sales volumes of 159.4 thousand barrels of oil equivalent per day ("MBoe/d"), near the high-end of Company…