E & P News
Crescent Point Finalizes $900MM Deal for Shell's Duvernay Assets
Crescent Point Energy Corp. has finalized its $900MM acquisition of Shell Canada Energy's Kaybob Duvernay assets in Alberta. Based on 30,000 boe/d of production, the purchase price reflects…
Shareholders of Arc, 7Gen Approve Pending Merger Deal
Shareholdres of both ARC Resources Ltd. and Seven Generations Energy Ltd. have voted in approval of the merger deal between the two companies. The Business Combination is expected…
Cenovus Wraps Up $23.6B Acquisition of Husky Energy
Cenovus Energy Inc. has finalized its acquisition of Husky Energy Inc. The deal, which was originally announced in October 2020, is worth ~$23.6 billion. Cenovus is now the…
Prairie Provident CEO to Retire; CFO to Serve as Interim
Prairie Provident Resources Inc. reported that Tony van Winkoop, who currently serves as Chief Executive Officer and a director, has elected to retire from the Company effective May…
Hemisphere Energy Talks 2021-22 Outlook; Capex, Production
Hemisphere Energy Corp. reported an update on its operations and provide corporate guidance for 2021 and 2022. Operations Update and Development Plans During the first quarter of 2021…
Whitecap Resources Ups 2021 Production Outlook After NAL, TORC Deals
Whitecap Resources Inc. has updated its 2021 capital program, increasing its 2021 production guidance with no change to the capital program, resulting in increased free funds flow. Increased…
Obsidian Energy Fourth Quarter, Full Year 2020 Results
Obsidian Energy detailed its Q4 and full year 2020 results. Key 2020 Results In response to the challenges faced in 2020, we took immediate action to manage our…
OPEC+: Saudi Will Push to Extend Cuts into May/June
Saudi Arabia is prepared to support extending oil cuts by OPEC and allies into May & June as a result of the new wave of lockdowns, according to…
Devon Sells Wind River/CO2 Oil Asset; Production Update
Devon said it sold its Wind River asset in Wyoming for an undisclosed amount. The transaction closed on March 3, 2021 and produced 2 mbo/d. Devon provided an…
Haynesville Focused, Vine Energy Plans $950 Million Debt Offering
Vine Energy said intends to offer $950 million in aggregate principal amount of senior unsecured notes due 2029 (the "New Notes") in a private placement to eligible purchasers,…
Ring Energy Promotes Exec to CFO Role
Ring Energy, Inc. announced that Travis Thomas will be promoted, effective today, from his current position as Vice President of Finance to CFO of the Company, and will…
Denbury Adds Former Noble Energy VP to Board
Denbury Inc. announced that Brad Whitmarsh has joined Denbury as Executive Director, Investor Relations. About Whitmarsh Mr. Whitmarsh has worked in the oil and gas industry for over…
California Resources Names New President/CEO
California Resources Corp. reported the appointment of Mark A. (Mac) McFarland as its permanent President and Chief Executive Officer, effective immediately. Mr. McFarland has served on the Company's…
HighPeak Boosts Capex 20% for 2021, Drilling Up 47%; Full Year 2020 Results
HighPeak Energy, Inc. reported its Q4 and full year 2020 results as well as its 2021 capital plan. 2021 Plan - Capex: $135-150 million - up 20% vs.…
HighPoint Resources' Bankruptcy Plan Approved by the Courts
HighPoint Resources Corp.'s bankruptcy plan has been confirmed by the courts. Additionally, the plan implements the merger and restructuring transactions related to HighPoint's merger with Bonanza Creek Energy.…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |