E & P News
Earthstone Energy Talks 2022 Capex, Well Plans; Focus on the Permian
Earthstone Energy has detailed its 2022 capital plan. 2022 Plan - Capex: $410-440 million - up 215% vs. 2021 Operated D&C: $365-390 million Non-OP D&C Capex: $20-25 million…
Earthstone Energy Preliminary Fourth Quarter Results, Reserves
Earthstone Energy, Inc. provided an operations update, released 2022 guidance and announced its year-end 2021 estimated proved reserves. The Company has estimated its oil and gas sales volumes…
Devon IDs 2022 Plans; Bets 75% of Upstream Capex on the Permian
Devon Energy Corp. detailed its 2022 capital plans. 2022 Plans - Capex: $2.06-2.44 billion - up 32% vs. 2021 D&C / Upstream: $1.9-2.2 billion - up 11% vs.…
Devon Energy Fourth Quarter, Full Year 2021 Results
Devon Energy Corp. reported financial and operational results for the fourth-quarter and full year 2021. Highlights: Operating cash flow tripled in 2021 and free cash flow reached the…
EQT Details 2022 Guidance: Spending, Rigs, Frac Crews, Wells
EQT Corp. announced financial and operational guidance for 2022. 2022 Plans - Capex: $1.3-1.45 billion - up 25% vs. 2021 D&C: $1.01-1.11 billion Leasehold, Land: $110-130 million Other:…
Riley Exploration Permian Fiscal First Quarter 2022 Results
Riley Exploration Permian, Inc. reported financial and operational results for the fiscal first quarter ended December 31, 2021. Highlights: Increased total production by 31% to 9.9 MBoe per…
Continental Resources Unveils 2022 Plans; Boosts Spending 47% YOY
Continental Resources Inc. announced its 2022 capital expenditures budget and operating plan, and its 2022 to 2025 financial projections. 2022 Plans - Capex: $2.3 billion - up 47%…
Continental Resources Fourth Quarter, Full Year 2021 Results
Continental Resources Inc. announced its full-year 2021 and fourth quarter 2021 operating and financial results. 2021 Highlights: $1.66 B Net Income; $4.56 per Diluted Share ($1.70 B Adj.…
Northern Oil's Stock Moves from NYSE American to NYSE Exchange
Northern Oil and Gas Inc. reported that the NYSE has approved the transfer of the listing of the Company's common stock from the NYSE American to the NYSE.…
ExxonMobil Begins Production at Stabroek Liza Unity Offshore Guyana; Will Hit 220,000 BOPD
ExxonMobil has started production at Guyana's second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day…
Range Resources Details Preliminary 4Q21 Results; Production, Spending
Range Resources Corp. announced that fourth quarter 2021 production averaged approximately 2,198 Mmcfe per day, and fourth quarter 2021 all-in capital spending totaled $92.3 million. In addition, Range…
Oasis IDs 2022 Budget; Increasing Capex 74% YOY, Flat Production
Oasis Petroleum Inc. provided its return of capital plan, announced preliminary 2021 results, and issued its 2022 outlook. 2022 Plans - Capex: $295 million - up 74% vs.…
EQT Fourth Quarter, Full Year 2021 Results
EQT Corp. announced financial and operational performance results for the fourth quarter and full year 2021. Full Year 2021 Highlights: Sales volume of 1,858 Bcfe Total per unit…
Cenovus Energy Fourth Quarter, Full Year 2021 Results
Cenovus Energy Inc. reported its Q4 and full year 2021 results. Cenovus delivered record oil sands production in the fourth quarter of 2021, contributing to total upstream output…
Pine Cliff Energy Ups Spending, Production Plans by 10% for 2022
Pine Cliff Energy Ltd. reported its 2022 capital plan, 2021 year-end reserves and an operations update. 2022 Guidance - Capex: $25.5 million - up 10% vs. 2021 $9.6…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |