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More Capital Expenditure - 2021 News
Pine Cliff Energy Ups Spending, Production Plans by 10% for 2022
Pine Cliff Energy Ltd. reported its 2022 capital plan, 2021 year-end reserves and an operations update. 2022 Guidance - Capex: $25.5 million - up 10% vs. 2021 $9.6…
Whitecap Resources Unveils 2022 Budget; Up 12% vs. 2021
Whitecap Resources Inc. has unveiled its 2022 budget, an accelerated fourth quarter 2021 capital program and 38% increase to its dividend. The company plans to spend 12% more…
Southwestern Closes Acquisition of Indigo Natural Resources; Ups Capex
Southwestern Energy Co. has closed the $2.7B acquisition of Indigo Natural Resources. The acquisition adds 149,000 net acres and 1,000 drilling locations in the Haynesville to Southwestern's portfolio.…
Altura Energy First Quarter 2021 Results
Altura Energy Inc. reported its Q1 2021 results. First Quarter Review In the quarter, Altura completed its 102/16-14-049-26W4 Rex horizontal well (“16-14”) (89% working interest) that was drilled…
Razor Energy Corp. First Quarter 2021 Results
Razor Energy Corp. reported its Q1 2021 results. Q1 2021 Highlights: Financing: The Company renewed the Amended Term Facility with AIMCo (the “AIMCo Term Loan”) on February 16,…
Mid-Continent News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
Mid-Continent - Anadarko 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…
Bakken Midstream Project shelved; as future growth projects thin
Hess Midstream highlighted continued throughput growth across its Williston Basin (Bakken/Three Forks) systems, signaling higher utilization in gas gathering and processing. For producers, the only forward-looking capacity signal…
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…
Dallas Fed Energy Survey: What Oil and Gas Executives Are Really Saying
The latest Dallas Fed Energy Survey shows a U.S. oil and gas industry that is not collapsing—but is clearly constrained. Executives are operating in a defensive posture, focused…
Large E&P Adds Second Completions Crew and Accelerates 4-Mile Lateral Program
Chord Energy extended its 2025 execution streak in 3Q25, delivering oil volumes above the midpoint of guidance while keeping E&P and other capital spending below the midpoint. The…