Print 
More Rig cancellation / Idle News
Permian Operator To Chop 8 Rigs From 2019 Drilling Program
Hidden in Concho's 4Q 2018 Investor Presentation is the company Drilling Activity/Drilling Program for 2019. As most of you might remember, the company acquired RSP Permian in 2018…
Halcon Axes Three Rig Plan for 2019; Cuts Fleet Down to Two
In a recent release, Halcon Resources CEO Floyd C. Wilson revealed that the company is planning to drop down to two rigs for 2019. The company had initially…
Another Permian Operator Cuts Rigs and Completion Crews
SM Energy has raised its Q2 production guidance as the quarter winds down. They also detailed an operational update. 2Q18 Production: Based on the first two months of…
Halcon Chops Drilling Program; Cites Weak Midland Oil Price
Halcon Resources has decided to cut its rig fleet in the Permian / Midland Basin due to lower prices.
STACK Operator 'Reevaluating' 2018, Future Plans After Q1 Loss; Drops Half Operating Rigs
Jones Energy reported its Q1 2018 results. Highlights: - Net loss for the first quarter of 2018 of $28.9 million, or a loss of $0.30 per share, non-GAAP…
Africa - West Africa News
Chevron, Quantum prepare joint bid for Lukoil’s international assets
Chevron and private equity firm Quantum Energy Partners are preparing a joint bid for the international assets of Russian oil major Lukoil, a package estimated to be worth…
Kosmos Energy Second Quarter 2022 Results
Kosmos Energy Ltd. reported its financial and operating results for the second quarter of 2022. For the quarter, the Company generated a net income of $117 million, or…
Kosmos Energy Third Quarter 2021 Results
Kosmos Energy Ltd. reported its financial and operating results for the third quarter of 2021. For the quarter, the Company generated a net loss of $29 million, or…
Eni Touts 'Major Discovery' Offshore Ivory Coast
Eni announced a major oil discovery in block CI-101 offshore Ivory Coast. The potential of the discovery can be preliminarily estimated at between 1.5 and 2.0 billion barrels…
Marathon Oil Cuts Spending 14% for 2021; 190 Wells TIL, Oil Production Flat
Marathon Oil Corp. reported its Q4 and full year 2020 results, as well as its 2021 capital budget. 2021 Plan - 2021 Capex: $1.0 billion - down 14%…