E & P News
APA Corp. Boosts 2022 US Onshore Spending 38% vs. 2021
APA Corp. detailed its 2022 capital plan and guidance. 2022 Plan - Capex: $1.6 billion (upstream) - up 51% vs. 2021 D&C: $1.4 billion Exploration & Appraisal: $200…
APA Corp. Fourth Quarter, Full Year 2021 Results
APA Corp. announced its financial and operational results for the fourth-quarter and full-year 2021. Fourth-Quarter Highlights: Reported production of 386,000 barrels of oil equivalent (BOE) per day; adjusted…
APA Corp. Strikes Oil at Krabdagu-1 Exploration Well Offshore Suriname
APA Corp. announced an oil discovery at the Krabdagu-1 (KBD-1) exploration well. KBD-1 is located on Block 58 offshore Suriname, approximately 18 kilometers southeast of the Sapakara South-1…
Marathon Oil Taps New Controller / CAO
Marathon Oil Corp. reported that Rob L. White has been promoted to Vice President, Controller and Chief Accounting Officer, effective March 1, 2022. About White: Mr. White joined…
Conoco Seals $1.4B Deal with Origin for Australia Pacific LNG Interest
ConocoPhillips has completed the purchase of an additional 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion. After customary closing adjustments, cash paid…
Magnolia Oil & Gas Details 2022 D&C Spending; Two-Rig Program
Magnolia Oil & Gas reported its 2022 capital plan and guidance. 2022 Plan - Capex: $350 million - up 52% vs. 2021 D&C capital D&C: $350 million -…
Antero Resources IDs 2022 Budget, Drilling Plans
Antero Resources detailed its 2022 capital program and guidance. 2022 Plan - Capex: $740-775 million - up 7% vs. 2021 D&C: $675-700 million - up 10% vs. 2021…
Antero Resources Fourth Quarter, Full Year 2021 Results
Antero Resources Corp. announced its fourth quarter 2021 financial and operating results, and year end 2021 estimated proved reserves. Fourth Quarter 2021 Highlights Include: Net production averaged 3.2…
Magnolia Oil & Gas Fourth Quarter, Full Year 2021 Results
Magnolia Oil & Gas Corp. announced its financial and operational results for the fourth quarter and full year 2021. 4Q and Full Year 2021 Highlights: Magnolia reported fourth…
Pioneer Natural Resources to Keep Spending, Production Level in 2022
Pioneer Natural Resources has detailed its 2022 capital plan and guidance. 2022 Plan - Capex: $3.3-3.6 billion - up 2% at the midpoint vs. 2021 - Rigs Running:…
Pioneer Natural Resources Fourth Quarter, Full Year 2021 Results
Pioneer Natural Resources Co. reported financial and operating results for the quarter and year ended December 31, 2021. Pioneer reported fourth quarter net income attributable to common stockholders…
Marathon Oil Ups Spending 16% for 2022; Focus on Eagle Ford, Bakken
Marathon Oil Corp. reported its 2022 capital budget and guidance. 2022 Plan - Capex: $1.2 billion - up 16% vs. 2021 Bakken + Eagle Ford (75%): $900 million…
Marathon Oil Fourth Quarter, Full Year 2021 Results
Marathon Oil Corp. reported its fourth quarter and full year 2021 results. Marathon reported fourth quarter 2022 net income of $649 million, or $0.84 per diluted share, which…
Comstock Resources Outlines 2022 Plan; Spending, Production Up
Comstock Resources has detailed its 2022 guidance. 2022 Plans - Capex: $758-812 million - up 23% vs. 2021 D&C: $750-800 million Leasehold, Land: $8-12 million - Rigs Running:…
Comstock Resources Fourth Quarter, Full Year 2021 Results
Comstock Resources, Inc. reported financial and operating results for the quarter and year ended December 31, 2021. Highlights: Generated free cash flow from operations of $105 million in…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |