E & P News
Silverbow's Borrowing Base Increased 48% to $775 Million
SilverBow Resources Inc. has received bank approval to amend its senior secured revolving credit facility to extend the maturity of the Credit Facility to October 2026, increase the…
Amplify Energy's Borrowing Base Reaffirmed at $225MM
Amplify Energy Corp. has completed its regularly scheduled semi-annual borrowing base redetermination and entered into an amendment to its credit agreement. The redetermination affirmed the borrowing base at…
W&T Offshore Hires New General Counsel
W&T Offshore Inc. announced the appointment of Jonathan Curth to Executive Vice President, General Counsel and Corporate Secretary, effective June 14, 2022. Mr. Curth has extensive legal experience…
Hamm Family Proposes Taking Continental Resources Private for $25B
Continental Resources, Inc. announced that its board of directors has received a non-binding proposal letter from Harold G. Hamm proposing that the Hamm family purchase all outstanding shares…
APA Corp. Comes Up Empty at Latest Suriname Exploration Well
APA Corp. provided results from recent drilling operations on Suriname Block 53. APA has completed operations on the Rasper well in the northwestern area of the block. The…
PDC Energy's 69-Well Kenosha Project Approved by COGCC
PDC Energy Inc. reported that the Colorado Oil and Gas Conservation Commission (COGCC) approved the Company's Kenosha Oil & Gas Development Plan (OGDP) permit application. The Kenosha OGDP,…
Northern Oil's Borrowing Base Raised Over 50% to $1.3 Billion
Northern Oil and Gas, Inc. announced that on June 7, 2022, it entered into an amended and restated credit agreement governing its reserves-based revolving credit facility with Wells…
Earthstone's Credit Line Increased 6% to $1.4 Billion
Earthstone Energy Inc. has entered into an amendment to the Company's senior secured revolving credit facility, extending the maturity of the Credit Facility to June 2027, increasing the…
Ranger Oil's Credit Line Increased 20% to $875 Million
Ranger Oil Corp. announced that its borrowing base under its revolving credit facility was increased 20% to $875 million. Ranger's elected commitment under the facility remains at $400…
2022 Guidance Growth: Several Operators Bolster Capex, Production Outlook
In response to the skyrocketing oil demand and D&C activity seen in 1Q22, several E&Ps have added additional capital to their 2022 budgets. A few E&Ps have also…
Diversified Energy Closes on $445 Million ABS Financing
Diversified Energy Company has closed an asset backed securitization (ABS) of substantially all remaining unsecuritised upstream producing natural gas and oil Appalachia assets. This financing is linked to…
PDC Updates Budget Following Great Western Deal; Adds $50MM
PDC Energy Inc. updated its 2022 guidance after closing the Great Western Petroleum acquisition earlier this month along with its updated multi-year outlook. 2022 Guidance Update The Company's…
CNX Resources Makes Executive Promotions
CNX Resources Corp. announced executive leadership promotions. Donald W. Rush, Chief Financial Officer, will assume the role of Chief Strategy Officer (CSO), and Alan K. Shepard, Vice President…
Chevron Appoints New Lead Independent Director
Chevron Corp. announced that the independent directors of the Chevron Board have selected Dr. Wanda M. Austin as lead independent director, effective May 25, 2022. Dr. Austin succeeds…
Chevron Realigns Leadership Structure; Makes Appointments
Chevron Corp. announced a simplified organizational structure and senior leadership changes intended to strengthen execution and pace to deliver on the company’s objectives of higher returns and lower…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |