E & P News
Laredo Seals $715MM Deal for Sabalo Energy's Assets
Laredo Petroleum, Inc. has closed two deals. The company closed its previously announced transaction to acquire the oil-weighted Howard County leasehold of Sabalo Energy LLC, a portfolio company…
Ovintiv Inc. Adds CFO of MasTec Inc. to Board
Ovintiv Inc. announced that George L. Pita has been named as an independent member of its board of directors, effective July1, 2021. Since early 2019, including Pita, the…
Pioneer Adds Top Coca Cola DEI Exec to Board
Pioneer Natural Resources Co. announced the addition of Lori George Billingsley to the company's board of directors effective immediately. About Billingsley: Billingsley is the Global Chief Diversity, Equity…
Permian E&P Bucks Trend; Plans to Double Permian Drilling This Year
HighPeak Energy provided some guidance on its operations. The company noted two things: Updates to its hedge book Plans to increase drilling activity Increased Drilling Activity The Company…
Exxon to Cut Corporate Workforce 5-10 Percent Annually
ExxonMobil is launching an initiative to reduce its workforce during the next three to five year period, according to a report by Bloomberg. Citing people familiar with the…
Leucrotta Preps to Drill First Wells at Montney Mica Project
Leucrotta Exploration Inc. reported that it will commence operations of Phase I of the Mica Pad Development mid-July and should be on production by mid to late October.…
Large PE-Backed Permian E&P Looking for Buyer; Deal Value Could Top $2.0B
Advance Energy Partners is on the hunt for a buyer, according to a report by Reuters. Asset Portfolio Advance Energy Partners is backed by Encap Investments and its…
Exxon Reveals Final Election Results; Three Engine No. 1 Nominees Join Board
ExxonMobil today released the final election results of the 2021 Annual Meeting of Shareholders as confirmed by the independent election inspector. The ExxonMobil board of directors will consist…
Continental Resources General Counsel Retires to Private Sector
Continental Resources Inc. announces Eric S. Eissenstat has elected to retire from his position as Sr. Vice President, General Counsel, Chief Risk Officer and Secretary. He will be…
Range Forms New ESG Committee; Partners with Project Canary on Gas Pilot Project
Range Resources Corp. announced the formation of a new Environmental Social Governance (ESG) and Safety Committee by the Board of Directors. Range also committed to a pilot project…
Ring Energy's Credit Line Reaffirmed at $350 Million
Ring Energy Inc. announced that the borrowing base under its senior revolving credit facility was successfully reaffirmed at its current level of $350 million. Key Highlights: Reaffirmation of…
Supermajor Mulling Sale of Permian Basin Portfolio; Could Fetch Up to $10B
Shell is considering selling off its Permian Basin portfolio, according to multiple reports. If a deal is struck, this would only add to the huge upswing in deals…
Murphy Oil Adds Capital Markets-Focused Lawyer to Board
Murphy Oil Corp. reported the appointment of Michelle A. Earley to Murphy's Board of Directors, effective June 10, 2021. About Earley A partner at Locke Lord LLP since…
California Resources Brings On New Chief Sustainability Officer
California Resources Corp. announced that Chris Gould has been appointed as the Company's first ever Executive Vice President and Chief Sustainability Officer. About Gould For the past decade,…
Comstock Promotes Claunch to VP of Financial Reporting
Comstock Resources Inc. has promoted Brian Claunch to serve as Vice President of Financial Reporting. About Claunch Mr. Claunch joined Comstock as Director of Financial Reporting in June…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |