E & P News
Talos, Storegga Partner for Carbon Capture Storage Project in GOM
Talos Energy Inc. has formed an exclusive joint venture with Storegga Geotechnologies Ltd. to source, evaluate and develop carbon capture and storage (CCS) project. The JV will evaluate…
Ovintiv CEO Doug Suttles to Retire; McCracken Tapped to Lead
Ovintiv Inc. CEO Doug Suttles will retire effective August 1, 2021. Ovintiv's Board of Directors has named Brendan McCracken as President & Chief Executive Officer and elected him…
Exxon Touts Discovery at Longtail-3 Well Offshore Guyana
ExxonMobil has made a discovery at Longtail-3 in the Stabroek Block offshore Guyana. Drilling at Longtail-3 encountered 230 feet (70 meters) of net pay, including newly identified, high…
EOG Resources CEO Thomas to Retire; Ezra Yacob to Take Helm
EOG Resources Inc. announced that Ezra Y. Yacob will become EOG's CEO and join the Board of Directors, succeeding William "Bill" Thomas, who is set to retire after…
Former Shell U.S. President Jon Hofmeister, 73, Passes Away
Jon Hofmeister, the former president of Royal Dutch Shell's U.S. sector (Shell U.S.), has died, according to a statement made by his family as well as an announcement…
Ring Energy Adjusts Hedge Book
Ring Energy, Inc. provided an update on its derivate positions for 2021 and 2022 in response to the oil price environment. Key Changes to Hedge Book Bought back…
Altura Energy First Quarter 2021 Results
Altura Energy Inc. reported its Q1 2021 results. First Quarter Review In the quarter, Altura completed its 102/16-14-049-26W4 Rex horizontal well (“16-14”) (89% working interest) that was drilled…
Razor Energy Corp. First Quarter 2021 Results
Razor Energy Corp. reported its Q1 2021 results. Q1 2021 Highlights: Financing: The Company renewed the Amended Term Facility with AIMCo (the “AIMCo Term Loan”) on February 16,…
Talos Hits Pay at Tornado 3 Sidetrack Well in GOM; 8-10 MBOEPD Estimate
Talos Energy Inc. provided an update regarding successful drilling operations on the Company's Tornado 3 ("Attic") sidetrack well, which successfully discovered pay in-line with pre-drill expectations. Talos holds…
Tamarack Valley Closes Anegada Merger; Talks Two-Rig Program at Charlie Lake
Tamarack Valley Energy Ltd. has announced a deal closure as well as a Charlie Lake ops update. Deal Closure Tamarack has successfully closed the previously announced acquisition of…
Third Engine No. 1 Nominee Slated to Join Exxon's Board of Directors
ExxonMobil updated preliminary results for the election of directors at its annual meeting of shareholders held on May 26, 2021. Based on estimates by the company's proxy solicitor,…
Briko Energy First Quarter 2021 Results
Briko Energy Corp. reported its Q1 2021 results. Highlights: Average daily production of 467 boe per day for the three months ended March 31, 2021 compared to 568…
Clearview Resources First Quarter 2021 Results
Clearview Resources Ltd. reported its Q1 2021 results. Tony Angelidis, President and CEO of Clearview, said: “The significant efforts and accomplishments of fiscal 2020 continued to bear fruit…
Leucrotta Exploration First Quarter 2021 Results
Leucrotta Exploration Inc. reported its Q1 2021 results. Highlights: Closed a bought-deal public financing issuing 45.2 million units of the Company (“Units”) at a price of $0.73 per…
Ecopetrol Details Ops, Challenges as Colombian Unrest Continues
Ecopetrol S.A. has commented about certain adverse consequences in the operation of its upstream, midstream, downstream and commercial and marketing segments, due to the ongoing public order situation…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |