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WPX Cuts 2020 Spending by $400MM (23%); Hedging Update
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More Capex Decrease News
Diamondback Energy Second Quarter 2021 Results
Diamondback Energy, Inc. reported its Q2 2021 results. Q2 Highlights: Q2 2021 average production of 242.5 MBO/d (401.5 MBOE/d) Generated Q2 2021 cash flow from operating activities of…
Oasis Adjusts 2021 Plans After Permian Asset Sale; Capex Cut 10%
After announcing its impending exit from the Permian, Oasis Petroleum Inc. has updated its 2021 guidance and hedging portfolio. After the close of the sale, Oasis will be…
Advantage Oil & Gas Adjusts 2021 Outlook as Drilling Outperforms
Advantage Oil & Gas Ltd. has reported its updated 2021 plan as well as its Q4/full year 2020 results. 2021 Plan Results from Advantage's 2020 drilling program have…
WPX Energy Third Quarter 2020 Results; Merger with Devon on Track
WPX Energy reported its Q3 2020 results. WPX reported third-quarter oil volumes of 122,300 barrels per day, in line with second-quarter results as expected stemming from the effects…
Murphy Oil Second Quarter 2020 Results; Trims Another $40MM from Capex
Murphy Oil Corp. reported its Q2 2020 results. The company reported a net loss of $317 million, or $2.06 net loss per diluted share. Adjusted net loss, which…
Permian 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…
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…
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 - Delaware Basin News
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…
This Operator Will Chop it's 2026 Rig Count From 34 to 24
ConocoPhillips is setting up 2026 as a lower-intensity, more efficient operating year — with the clearest proof coming from the Lower 48 activity reset following the Marathon integration.…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…