E & P News
NuVista Energy – 2025 Capital Program and Operating Momentum
NuVista enters 2025 with strong operational momentum following a record 2024 and a balance sheet that affords both growth and shareholder returns. The Company has reaffirmed its ~$450…
Permian Resources Plans 280 Wells For 2025
2025 Operational Plan and Targets Capex : $1.9 - $2.1 Billion. Capex D&C : 1.8 billion Production : 360-380 Mboe/d Wells Planned : 285 gross well (75% WI)…
Diamondback Drill & Complete 456 Wells with $4 Billion Capex IN 2025
Diamondback provided the following 2025 gudiance. 2025 Guidance & Strategy: Production & CapEx: Oil Production: 485 – 498 MBO/d (883 – 909 MBOE/d total) CapEx: $3.8B – $4.2B…
Comstock Resources To Increase Haynesville Drilling Activity in 2025
As part of it's Q4 results. Comstock provided us with it's 2025 forecast. 2025 Outlook Increased Rig Activity: Raising rig count from 5 to 7, focusing on Western…
Battalion terminated its merger with Fury Resources
Battalion (BATL) terminated its merger with Fury Resources after Fury failed to deliver equity financing and close. The Dec 27, 2024 special meeting was cancelled. Why it fell…
Map : $12 Billion Plus in Permian Assets For Sale; Who are Will be the Buyers?
Delaware Basin E&P on the Market Denver-based Franklin Mountain Energyreportedly exploring a sale of it's permian Basin assets valued at $3 billion. Led by refining billionaire Paul Foster,…
Mach Divest Western Anadarko Asset For $38 Million
Mach said it sold some western anadarko acreage with no associated production for $38 million on it 2nd quarter earnings report. The company also revised its drilling &…
CrownRock Wasted No Time Sellling Oxy Shares It Acquired
Crown Rock Holding is selling 29.6 million shares of Oxy worth $1.7 billion it acquired as part of the $12 billion deal Oxy signed when it acquired the…
Large Permian E&P Talks 1Q'24; 282 Wells Planned for 2024
Diamondback Energy provided an update to it's first quarter 2024. Let's first take a look at the development plan. The company program remains unchanged, and one can expect…
CNX Resources Cut Frac Activity 50%, Talks 1st Quarter Activity
CNX Resources a marcellus operator provided an update on its first quarter 2024 activity. Activity quick Read - Reduced to 1 rig - Reduced from dedicated frac crew…
Large E&P To Defer Completion Activity, Build DUCs
Chesapeake Energy reported it first quarter results and it's as expected, similar to other gas players like Antero, CNX and Range all cited weak nat gas prices and…
Operator Reports 1Q'24 Results; Chop Frac Plans Again
Antero Resources reported its first quarter 2024 results. Before we talk about the 1Q highlights lets explore the '24 development plan and what to expect for the remainder…
Range Resources Talks 1Q Results; 2024 Wells Plan Unchanged
Range Resources reported its first quarter results. As you can see from the chart below, the company has 76% of its budget remaining and 82% or 40 wells…
Shale Experts Frac Maket Forecast 2024
It's that time again, where give you our thoughts based on analysis of what we expect from the frac market/activity this year. As most of you know, we…
Large E&P Chops Permian/Anadarko Basin Frac Activity by 30% In 2024
Ovintiv provided an update to it's plan for 2024. The company plans to cut Permian well activity by 27%, the Anadarko basin by 67% and the Montney by…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |