E & P News
Marcellus, Haynesville E&P to Complete 140 Wells in 2022; $1.95B Budget
Southwestern Energy Co. reported its 2022 capital plan and guidance. 2022 Plan - Capex: $1.9-2.0 billion - up 80% vs. 2021 (does not take into account Indigo /…
Chesapeake to Complete 205 Wells in 2022; 10 to 15 Rigs Running
Chesapeake Energy Corp. reported its detailed 2022 capital plan and guidance. 2022 Plan - Capex: $1.5-1.8 billion - up 20% vs. 2021 (pro forma Vine / Chief acquisitions)…
Civitas Wraps Up $300MM Acquisition of Bison Oil and Gas II
Civitas Resources Inc. has closed its previously announced acquisition of privately held DJ Basin operator Bison Oil & Gas II LLC. Consideration for the Bison acquisition was modified…
E&P to Boost Drilling, Production by 10% in 2022; 570 Net Well Completions
EOG Resources detailed its 2022 capital program and guidance. 2022 Plan - Capex: $4.3 to $4.7 billion - up 15% vs. 2021 D&C: $2.838 to $3.102 billion (66%)…
ExxonMobil to Close Out Russian Operations; Make No Further Investments
ExxonMobil will close out its Sakhalin-1 project in Russia in response to the country's invasion of Ukraine. Exxon held a 30% stake in the project. The company will…
Southwestern Energy Fourth Quarter, Full Year 2021 Results
Southwestern Energy Co. announced financial and operating results for the fourth quarter and full-year 2021. CEO Bill Way said: "In 2021, Southwestern Energy delivered results above expectations. We…
Gulfport Bolsters Drilling 100% for 2022; 32 Wells Drilled, 30 Completions
Gulfport Energy has reported its 2022 capital plan and guidance. 2022 Plan - Capex: $340-380 million - up 23% vs. 2021 D&C: $320-360 million - up 24% vs.…
Gulfport Energy Fourth Quarter, Full Year 2021 Results
Gulfport Energy Corp. reported financial and operating results for the three and twelve months ended December 31, 2021. Fourth Quarter 2021 Highlights: Delivered total net production of 1,068.9…
Northern Oil and Gas Fourth Quarter, Full Year 2021 Results
Northern Oil and Gas Inc. announced the company's fourth quarter and full year 2021 results. Highlights: Fourth quarter production of 64,155 Boe per day (59.2% oil), an increase…
TotalEnergies Will Make No New Investments in Russia
TotalEnergies will be making no new investments in Russia due to the country's invasion of Ukraine, but fell short of cancelling existing agreements and projects in the region.…
Equinor to Exit Russian JVs, Halt New Investments in Country
Equinor's Board of Directors has decided to stop new investments into Russia, and to start the process of exiting Equinor’s Russian Joint Ventures. Anders Opedal, President and CEO…
Battalion Oil Details 2022 Preliminary Capital Plan; Capex, Wells, Rigs
Battalion Oil Corp. released its preliminary 2022 capital plan and production guidance. 2022 Plan - Capex: $130-150 million D&C: $117-135 million (90%) Other: $13-15 million (10%) - Rigs…
Callon Bets Capex on Permian for 2022; Drilling Up 88% vs. 2021 with 130 Completions
Callon Petroleum detailed its 2022 capital plan and guidance. 2022 Plan - Capex: $725 million - up 42% vs. 2021 D&C: $602 million (83%) Environmental /ESG Capital: $18.5…
Permian E&P to Ramp Up Drilling Over 100% for 2022; 50 Completions
Centennial Resource Development outlined its 2022 capital plan and guidance. 2022 Plan - Capex: $365-425 million - up 23% vs. 2021 D&C: $350-400 million Infrastructure, Land, ESG &…
Shell to Exit JV Projects with Gazprom, End Involvement in Nord Stream 2 Pipeline
The Board of Shell plc announced its intention to exit its joint ventures with Gazprom and related entities, as well as end its involvement in the Nord Stream…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |