E & P News
Talos Details ESG Initiatives; Looks to Cut Emissions 30% by 2025
Talos Energy Inc. provided an update on its ongoing Environmental, Social and Governance (ESG) initiatives. Corporate Updates: Established target of 30% reduction in greenhouse gas (GHG) emissions intensity…
Exxon Shareholders Shake Up Board, Elect Nominees from Activist Hedge Fund
In a surprise move, ExxonMobil shareholders have elected two new directors that were nominated by rogue hedge fund Engine No. 1 to the oil giant's board of directors.…
Petro Viking Preps to Drill New Wells Targeting Duvernay, Other Plays
Petro Viking Energy Inc. reported its 50% participation in the drilling of two wells. Petro Viking Energy Inc., based on the business plan in place, has agreed to…
ONEOK President/CEO to Retire; ONE Gas CEO Norton to Take Helm
ONEOK Inc. president and chief executive officer, Terry K. Spencer, announced that he will retire on September 30, 2021, after 20 years with the company, including more than…
Kelt Ups 2021 Capex by 25%, Production by 11%; Credits Oil Price Gains
Kelt Exploration Ltd. has updated its guidance for 2021. Kelt’s board of directors has approved an increase to the Company’s capital expenditure program for 2021. Kelt expects to…
Extraction Oil & Gas First Quarter 2021 Results
Extraction Oil & Gas, Inc. reported financial and operational results for the first quarter of 2021. Q1 2021 and Other Recent Highlights: Emerged from bankruptcy on January 20,…
Advantage Oil & Gas Rebrands as Advantage Energy Ltd.
Advantage Oil & Gas Ltd. has changed its company name to Advantage Energy Ltd. The decision was approved by its shareholders on May 6, 2021. The common shares…
Kayne Anderson Fuses Anadarko Basin Portfolios into New Entity
Kayne Anderson Energy Funds reported the all-equity consolidation of Casillas Petroleum Resource Partners, Native Exploration Holdings and Acacia Exploration Partners to form 89 Energy III LLC. Assets 89…
PetroShale First Quarter 2021 Results
PetroShale Inc. reported its Q1 2021 results. Highlights: PetroShale's first quarter 2021 production averaged 10,108 BOEPD, 17% lower than the previous quarter, reflecting the impact of natural declines,…
Oasis Adjusts 2021 Plans After Permian Asset Sale; Capex Cut 10%
After announcing its impending exit from the Permian, Oasis Petroleum Inc. has updated its 2021 guidance and hedging portfolio. After the close of the sale, Oasis will be…
Ovintiv Closes $880 Million Eagle Ford Asset Sale
Ovintiv Inc. has closed its previously announced $880MM Eagle Ford asset sale. The proceeds from this sale, combined with those recently received from the Duvernay asset sale, will…
Hemisphere Energy First Quarter 2021 Results
Hemisphere Energy Corp. reported its Q1 2021 results. Highlights: Recorded a 9% increase in production over the previous quarter, at 1,654 boe/d (99% heavy crude oil and 1%…
Private Utica E&P IDs 2021 Budget; Plans to Drill 60+ Wells
In its latest investor presentation, Ascent Resources LLC has detailed its 2021 capital plans. Ascent is backed by The Energy & Minerals Group as well as First Reserve…
Gran Tierra Updates Ops Amidst Colombian Protests
Gran Tierra Energy Inc. announced an update on the impact of the ongoing national protests in Colombia on the Company's operations. All production volumes are unaudited and on…
HighPeak Energy First Quarter 2021 Results
HighPeak Energy, Inc. announced financial and operating results for the first quarter 2021. Q1 Highlights: First quarter 2021 sales volumes of 5,290 barrels of oil equivalent per day…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |