E & P News
Battalion Oil to sell West Quito Draw assets to MCM Delaware Resources for $62.6MM
Battalion Oil has agreed to sell its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources, LLC for approximately $62.6 million, according to a…
Permian E&P Bucking The Trend; Plan to Increasing Drilling & Fracs in 2026
Occidental’s 2025 U.S. onshore program is centered on the Permian, with ~$3.5B of Permian CapEx and ~$0.8B in the Rockies, totaling ~$4.3B. This supports ~15 net rigs in…
Permian E&P To Cut Capex by 10% for 2026
In its Q3 2025 update, Matador outlined preliminary expectations that 2026 total capital spending will be 8–12% lower than 2025, yet the company still expects to deliver approximately…
Ascent is quietly setting the Utica productivity curve
For most of the last few years, the Utica story has been about discipline: fewer rigs, fewer headlines, and steady execution from a handful of operators who know…
Kimmeridge Offers $6 Billion for Ascent Resources: A Bid Lands in the Middle of a High-Stakes Sponsor Dispute
What happened Kimmeridge Energy Management has submitted a $6 billion offer to buy Ascent Resources, the privately held U.S. natural gas producer that is controlled by private equity…
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…
Harbour Energy Enters U.S. Deepwater With $3.2B LLOG Acquisition
Harbour Energy has agreed to acquire LLOG Exploration Company LLC for $3.2 billion, marking Harbour’s strategic entry into the deepwater U.S. Gulf of America and establishing what it…
Japex Enters DJ Basin with Acquistion of Verdad
Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced a major expansion into North American shale with a $1.3 billion acquisition of Verdad Resources Intermediate Holdings LLC (VRIH), marking…
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…
Infinity and NOG Buy Antero's Ohio Utica Assets for $1.2B: A Vertical-Integration Utica Power Move
Infinity Natural Resources (NYSE: INR) is making a statement in Appalachia. On December 5, 2025, Infinity announced it has signed agreements to acquire a package of upstream and…
Large E&P Adds Second Completions Crew and Accelerates 4-Mile Lateral Program
Chord Energy extended its 2025 execution streak in 3Q25, delivering oil volumes above the midpoint of guidance while keeping E&P and other capital spending below the midpoint. The…
Cenovus Outlines 2026 Development Plan Following MEG Integration
Cenovus’ 2026 plan targets capital investment of $5.0 billion to $5.3 billion (including ~$350 million of capitalized turnaround costs) and upstream production of 945,000 BOE/d to 985,000 BOE/d,…
Gran Tierra Energy To Step Down Activity in 2026
Gran Tierra Energy’s 2026 development plan reflects a step-down in spending and activity as the company transitions from fulfilling Ecuador exploration commitments in 2025 toward a free-cash-flow-focused program.…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |