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California Resources Gets 30-Day Extension for Interest Payment
California Resources Corp. has entered into amendments for certain forbearance agreements, according to a recent SEC filing. The deadline for its next interest payment has been extended from…
Major Eagle Ford Operator Hints at Possible Default; Talks 2020 Capex, 13 Rigs
In what one could consider a move back to 2016, Chesapeake Energy Corp. is planning a 2020 capex program of $1.3 - $1.6 billion and 13 rigs. This…
Eagle Energy Inks Forebearance Agreement with Lenders
Eagle Energy Inc. has entered into a forbearance agreement with its lenders. The agreement concerns the loan and security agreement dated March 13, 2017. Due to low WTI…
PetroQuest Skips Out on Interest Payment; Enters 30-Day Grace Period
PetroQuest Energy reported that, in order to preserve liquidity, it has elected not to make the semi-annual interest payments totaling approximately $14.2 million due on August 15, 2018…
Camber Energy in Default with Lender
Camber Energy has received the final notice of default from its lender, IBC. The company is also out of compliance with the NYSE and has granted the Company…
Gulf Coast - South Texas 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…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
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…
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
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…
North America News
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…
An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…