E & P News
Chairman of Russia's Lukoil Dead After 'Fall from Hospital Window'
Lukoil Chairman Ravil Maganov has died, according to multiple reports. He was 67. Russian state-owned news agency TASS reported that Maganov died following a "fall from a hospital…
Ring Energy Finalizes Acquisition of Stronghold Energy II
Ring Energy, Inc. has completed its previously announced acquisition of the assets of privately-held Stronghold Energy II Operating LLC and Stronghold Energy II Royalties LP. Stronghold's operations are…
Centennial, Colgate Finalize $3.9B Merger; Debut as Permian Resources Corp.
Permian Resources Corp. announced the successful completion of the combination of Centennial Resource Development, Inc. and Colgate Energy Partners III, LLC. Permian Resources Highlights: Largest pure-play E&P company…
Kolibri Preps to Drill Three Wells at SCOOP Prospect
Kolibri Global Energy Inc. provided an update on its operations located in the Company’s Tishomingo field in Oklahoma. Operations The Company has completed the location work for the…
Diamondback Seals Rattler Midstream Deal; Takes Company Private
Diamondback Energy, Inc. and Rattler Midstream LP announced the completion of the previously announced merger between Rattler and Diamondback. The merger resulted in Diamondback acquiring all of the…
Chesapeake Engages Evercore to Market Eagle Ford Portfolio
Chesapeake Energy Corp. has tapped investment banking firm Evercore to assist in selling its Eagle Ford asset portfolio, according to a report by Bloomberg. In early August, Chesapeake…
Riverbend Finalizes $1.8B Sale of Portfolio Companies
Riverbend Energy Group has completed the previously announced sale of its equity interests in Riverbend Oil & Gas VI LLC, Riverbend Oil & Gas VI-B LLC and Riverbend…
APA Corp. Strikes Oil Offshore Suriname at Baja-1 Well; Dry Hole at Block 58
APA Corp. announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58. Baja-1 was…
Saturn Oil & Gas Second Quarter 2022 Results
Saturn Oil & Gas Inc. reported its 2Q 2022 results. Second Quarter 2022 Highlights: Generated record quarterly petroleum and natural gas sales of $82.2 million on production of…
Continental Promotes Lawler to President & COO Role
Continental Resources, Inc. announced Doug Lawler is being promoted to President and Chief Operating Officer. Doug joined Continental in February as Chief Operating Officer and Executive Vice President…
Northern Oil Closes $158MM Bolt-On Deal for Williston Assets
Northern Oil and Gas, Inc. announced the closing of its previously announced acquisition of non-operated Williston Basin assets from a private seller.N NOG closed the Williston Basin acquisition…
Coterra Energy Shuffles Management Team Amid Retirements
Coterra Energy Inc. announced current and pending retirements of three executive officers of the Company, along with the promotions of three individuals into executive leadership roles. Retirements: Steven…
Earthstone Energy's Credit Line Increased 21% to $1.7B
In conjunction with the closing of its recent Permian acquisition, Earthstone Energy has announced the closing of an amendment to the Company's senior secured credit facility. The lenders…
InPlay Oil Corp. Second Quarter 2022 Results
InPlay Oil Corp. reported its second quarter 2022 results. Highlights: Achieved record average quarterly production of 9,063 boe/d(1) (57% light crude oil and NGLs), an increase of 68%…
Vermilion Energy Inc. Second Quarter 2022 Results
Vermilion Energy Inc. reported its second quarter 2022 results. Highlights: Q2 2022 fund flows from operations (“FFO”)(1) was $453 million ($2.75/basic share)(2) and free cash flow (“FCF”)(3) was…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |