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InterOil Secures New $470 Million Credit Facility
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Peak Resources Pumps the Brakes on IPO
On November 13, 2024, Peak Resources L.P., a Wyoming-based oil and gas company, quietly hit pause on its plans to go public. The limited partnership, known for its…
CrownRock Wasted No Time Sellling Oxy Shares It Acquired
Crown Rock Holding is selling 29.6 million shares of Oxy worth $1.7 billion it acquired as part of the $12 billion deal Oxy signed when it acquired the…
Baytex Energy Corp. First Quarter 2023 Results
Baytex Energy Corp. First Quarter 2023 Results. Highlights Entered into an agreement to acquire Ranger Oil Corporation ("Ranger") for approximately US$2.5 billion. Generated production of 86,760 boe/d (84%…
Silverbow Resources Board Adopts 'Poison Pill' Strategy
SilverBow Resources Inc.'s board has unanimously adopted a limited-duration stockholder rights plan (a so-called poison pill strategy) following "significant accumulations" of the company's outstanding common stock. Activist investor…
Bonterra Energy Second Quarter 2022 Results
Bonterra Energy Corp. reported its second quarter 2022 results. Highlights: Production averaged 14,328 BOE per day in Q2 2022, 13 percent higher than Q2 2021, and averaged 13,810…
International News
Touchstone Exploration, Inc., First Quarter 2023 Results
Touchstone Exploration, Inc., announced first quarter 2023 results. Highlights Produced quarterly average volumes of 2,139 boe/d, representing a 53 percent increase relative to the 1,396 boe/d produced in…
ExxonMobil Fourth Quarter, Full Year 2022 Results
Exxon Mobil Corp. reported its fourth quarter and full year 2022 results. Exxon announced fourth-quarter 2022 earnings of $12.8 billion, or $3.09 per share assuming dilution, resulting in…
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…
Schlumberger 2Q: Revenues Grow 20% YOY, Outlook Strengthens
Schlumberger announced results for the second-quarter 2022. Highlights: Revenue of $6.8 billion increased 14% sequentially and 20% year on year GAAP EPS of $0.67 increased 86% sequentially and…
HAL 2Q: North America Revenue Up 26%; Demand to Remain Strong in 2023
Halliburton Co. reported its second quarter 2022 results. Quarterly Revenue by Region North America revenue in the second quarter of 2022 was $2.4 billion, a 26% increase when…