E & P News
Shell Details Preliminary 4Q21 Results
Shell reported an update to the fourth quarter 2021 outlook. Permian Sale The remaining $5.5 billion of proceeds from the Permian divestment will be distributed in the form…
Matador Shuffles Management Team; Makes Several Appointments
Matador Resources Co. reported the promotions of Billy E. Goodwin to President - Operations and Van H. Singleton, II to President - Land, A&D and Planning, both effective…
Ranger Oil Sees 20% Boost to Credit Line; $725 Million
Ranger Oil Corp. reported a 20% increase to the Company's borrowing base under its revolving credit facility from $600 million to $725 million. Ranger's elected commitment under the…
Former Carrizo CEO Chip Johnson Resigns from Callon Board
Callon Petroleum Co. announced the resignation of S.P. "Chip" Johnson IV from its Board of Directors, effective immediately. Mr. Johnson, former president, chief executive officer, and co-founder of…
ExxonMobil Makes Dual Oil Discoveries at Stabroek Block
ExxonMobil has made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet (50 meters) of high-quality…
An Early Look at 2022: E&P Budget, Drilling & Completion Plans
Several operators gave a sneak peek of their 2022 capital plans in their Q3 reports. Below is a summary of what the E&Ps are planning for next year.…
Southwestern Energy Wraps Up Acquisition of GEP Haynesville
Southwestern Energy Co. has closed the acquisition of GEP Haynesville LLC, which was first announced in early November 2021. In December, the Company completed an offering of $1.15…
Diversified Energy Co. Finalizes Sale of Undeveloped Haynesville Asset
Diversified Energy Company PLC has closed the sale of its undeveloped Haynesville acreage in Texas. Diversified and Oaktree Capital Management divested their working interests in the acreage for…
Crescent Energy Co. Talks Pro Forma Q3 Results
Crescent Energy Co. announced pro forma 3Q21 results related to the business combination between Independence Energy LLC and Contango Oil & Gas Co. Highlights and Recent Developments: Formed…
Callon Petroleum Adds New Director to Board
Callon Petroleum Co. announced the appointment of Mary Shafer-Malicki to its Board of Directors. About Shafer-Malicki: Ms. Shafer-Malicki brings valuable experience in energy, governance, and strategy to the…
APA Corp. Signs $3.5B PSC Deal with Egyptian Parliament
APA Corp. has announced the signing of an agreement to modernize and consolidate the company's current Production Sharing Contracts (PSCs) with Egypt's Ministry of Petroleum and Mineral Resources…
Pioneer Wraps Up $3.1B Sale of Permian Assets to Continental
Pioneer Natural Resources Co. has completed the previously announced divestiture of its Delaware Basin assets to Continental Resources for cash proceeds of $3.1 billion after normal closing adjustments.…
Suncor Sets 2022 Capital Budget at $4.7B; $300MM Less Than Original Plan
Suncor released its 2022 corporate guidance today which supports the previous announcements of doubling the dividend, increasing share buybacks and lowering the capital program by $300 million. Highlights…
Chevron's VP of Innovation to Retire; Downstream VP Tapped to Fill Role
Chevron Corp. announced that Barbara J. Burger, vice president of innovation and president of Chevron Technology Ventures (CTV), will retire from the company after 34 years of service.…
Riley Exploration Permian Reports Fiscal Q4 Results; IDs 2022 Budget
Riley Exploration Permian Inc. reported financial and operational results for the fiscal fourth quarter and year ended September 30, 2021. Fiscal 1Q22 and Full Year 2022 Outlook 2022…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |