E & P News
Silverbow Resources' Borrowing Base Upped by 14% to $525MM
SilverBow Resources, Inc. has entered into an amendment to its senior secured revolving credit facility under which the borrowing base has been increased from $460 million to $525…
Southwestern Secures New Credit Agreement; Ups Borrowing Base
Southwestern Energy Co. has entered into an Amended and Restated Credit Agreement, dated April 8, 2022, which amends the Company's Credit Agreement, dated April 26, 2018. The Amended…
Murphy Achieves First Oil at GOM Khaleesi, Mormont and Samurai Projects
Murphy Oil Corp. has achieved first oil from the Khaleesi, Mormont and Samurai field development project in the deepwater Gulf of Mexico, as production has begun flowing through…
W&T Offshore VP/General Counsel Departs Company
W&T Offshore, Inc. announced that Shahid A. Ghauri, W&T's Vice President, General Counsel and Corporate Secretary is leaving the Company to pursue other personal interests. Nadege Assale, who…
Petrobras Makes Oily Discovery at Campos Basin Wildcat Well
Petrobras reported that it has discovered a new oil accumulation in the pre-salt in the southern portion of the Campos Basin in a wildcat well in the Alto…
Evolution Petroleum Seals $26MM Deal for Exaro's Jonah Field Assets
Evolution Petroleum announced that its transaction to acquire non-operated natural gas assets in the Jonah Field in Sublette County, Wyoming from privately-owned Exaro Energy III, LLC closed on…
Exxon, Hess to Proceed with Yellowtail Development Offshore Guyana
ExxonMobil has made a final investment decision to proceed with development of Yellowtail offshore Guyana after receiving government and regulatory approvals. The company's fourth, and largest, project in…
Crescent Energy Wraps Up $690MM Acquisition of Uinta Basin Assets
Crescent Energy Co. announced the closing of its previously announced acquisition of Uinta Basin assets. Total cash consideration at closing was approximately $690 million. Crescent CEO David Rockecharlie…
ExxonMobil, Murphy Come Up Empty at Cutthroat-1 Well Offshore Brazil
Murphy Oil Corp. and ExxonMobil announced that drilling has concluded at the Cutthroat-1 exploration well in block SEAL-M-428 in the Sergipe-Alagoas Basin offshore Brazil. While the presence of…
Exxon Reports Changes to Board of Directors
The board of directors of Exxon Mobil Corp. reported that lead independent director Kenneth C. Frazier has announced his intention not to stand for re-election to the board…
Exxon Taps Former GM President as Leader of Low Carbon Solutions Unit
ExxonMobil reported that Dan Ammann, former General Motors president and CEO of Cruise autonomous vehicle company, has been appointed president of ExxonMobil Low Carbon Solutions, effective May 1.…
Enerplus Adds New Director to Board
Enerplus Corp. announced the appointment of Mr. Mark A. Houser to its board of directors. About Houser Mr. Houser has spent his career in the energy industry, most…
ExxonMobil Hires New VP of Public and Government Affairs
ExxonMobil reported that Matt Furman has been elected vice president of public and government affairs, effective April 1, replacing Suzanne McCarron, who has elected to retire after 24…
PE-Backed Permian E&P to Sell for $4.0 Billion
EnCap Investments is looking to sell Delaware Basin E&P Ameredev II, according to a report by Reuters. The sale could fetch around $4.0 billion (including debt). Ameredev II…
Earthstone Energy Fourth Quarter, Full Year 2021 Results
Earthstone Energy, Inc. announced financial and operating results for the quarter and year ended December 31, 2021. Fourth Quarter 2021 Highlights: Executed the Chisholm Acquisition PSA on December…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |