E & P News
Private Marcellus/Utica E&P Looking for Buyer; $3 Billion
Chief Oil & Gas, an operator in the Appalachian region that is owned by or Trevor Rees-Jones, is exploring a sale that could value it at more than…
EQT Brings on Two New Execs Focused on Investments in Japan
EQT has reported two new senior hires, Tetsuro Onitsuka who joins as Head of EQT Private Equity Japan, and Masahiko Kato who joins as Head of EQT Infrastructure…
Cabot, Cimarex Finalize Combination; Emerges as Coterra Energy
Coterra Energy Inc. announced the successful completion of the combination of Cabot Oil & Gas Corp. and Cimarex Energy Co. Coterra's common stock will trade on the New…
Silverbow Resources Wraps Up $33MM Eagle Ford Bolt-On Deal
SilverBow Resources Inc. has closed its previously announced all stock transaction to acquire oil and gas assets in the Eagle Ford from an undisclosed seller for $33 million.…
PE Firms Splash Money on New E&P Companies As Oil Prices Rise
As we near the fourth quarter of 2021, Shale Experts is taking a look at all the new companies that were formed in the first part of the…
EQT Adds Investment Exec to Board of Directors
EQT Corp. has appointed Frank C. Hu, former Vice President of Capital World Investors, an investment group in the Capital Group Companies, Inc., to the EQT Board of…
Pioneer Adds Investment Exec to Board of Directors
Pioneer Natural Resources Co. announced the addition of Maria S. Jelescu Dreyfus to the Company's Board of Directors. About Dreyfus: Ms. Dreyfus is currently the Chief Investment Officer…
Earthstone Energy Sees $100MM Increase to Borrowing Base
Earthstone Energy Inc. announced that it has entered into an amendment to its senior secured revolving credit facility under which the borrowing base has been increased from $550…
New E&P Scores $500 Million; Looking For Assets
Providence Energy has announced that Oaktree Capital Management will invest up to $500 million in new company. The company will focus on mineral and royalty acquisitions and will…
Crescent Point Unveils 2022 Plan; Budget Up 38% YOY, Production Flat
Crescent Point Energy Corp. has detailed its preliminary 2022 budget. Highlights: Preliminary 2022 outlook for production of 131,000 – 135,000 boe/d and development capital expenditures of $825 –…
InPlay Oil Touts 1,700 BOE/d Cardium IPs; Unveils 2022 Budget, Production Outlook
InPlay Oil Corp. reported an operations update and a preliminary outlook for 2022. InPlay continues to achieve strong results from our 2021 drilling program focused on the Pembina…
i3 Energy Spuds Wells at Marten Hills, Wapiti Prospects
i3 Energy plc reported an update on its drilling activities. Marten Hills Clearwater Farm-in Drilling Marten Hills Clearwater wells 01-12-075-26W4 and 02-12-075-26W4 which were drilled, completed and tied…
Chevron, Enterprise Partner for Carbon Capture in MidCon, Gulf Coast
Chevron, through its Chevron New Energies division, and a subsidiary of Enterprise Products Partners have partnered to study and evaluate opportunities for carbon dioxide (CO2) capture, utilization, and…
Exxon Strikes Oil at Pinktail Well Offshore Guyana
ExxonMobil has made a discovery at Pinktail in the Stabroek Block offshore Guyana. The Pinktail well encountered 220 feet (67 meters) of net pay in high quality hydrocarbon…
PE-Backed Haynesville E&P Mulling Asset Sale Worth $2.0 Billion
Haynesville-focused E&P GeoSouthern Energy is considering a potential sale of its acreage portfolio, which could fetch ~$2.0 billion, according to a report by Reuters. GeoSouthern is backed by…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |