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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…
North America News
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…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…