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…
Gulf of Mexico News
Harbour Energy Strikes $3.2B Deal to Buy LLOG, New Core Business
December 2025 — Harbour Energy plc has agreed to acquire 100% of LLOG Exploration Company LLC for $3.2 billion, marking a strategic entry into the deepwater U.S. Gulf…
APA Corporation First Quarter 2023 Results
APA Corporation announced first quarter 2023 results. Highlights Reported production of 394,000 barrels of oil equivalent (BOE) per day; adjusted production, which excludes Egypt noncontrolling interest and tax…
Evolution Petroleum Corporation Fiscal Third Quarter 2023 Results
Evolution Petroleum Corporation announced fiscal third quarter 2023 results. Highlights Reported sequential growth in revenue of 9% to a record $36.9 million and in net income of 34%…
W&T Offshore, Inc., First Quarter 2023 Results
W&T Offshore, Inc., announced first quarter 2023 results. Highlights Reported first quarter 2023 production of 32.5 thousand barrels of oil equivalent per day ("MBoe/d") (56% liquids), or 2.9…
Talos Energy Inc. First Quarter 2023 Results
Talos Energy, Inc.announced first quarter 2023 results. Highlights Authorized a $100.0 million share repurchase program in March 2023 and repurchased 1.9 million shares through the end of the…