E & P News
CNOOC Turns on Taps at Caofeidian Project Using Low Carbon Strategy; 15 MBO/d by 2023
CNOOC Limited announced that Caofeidian 6-4 oilfield has commenced production. A total of 42 development wells are planned, including 30 production wells, 12 water injection wells and water…
PE Firm Speaks Out Against Diamondback Deal; Other Firms Reaffirm Support
QEP Resources shareholder Glazer Capital LLC is calling for the rejection of the pending merger acquisition of QEP by Diamondback Energy. The $2.2 billion, all-stock merger deal was…
HighPoint Files Chapter 11 Ahead of Merger with Bonanza Creek
HighPoint Resources Corp. has filed for bankruptcy following a special meeting of shareholders. The company is also in the midst of a pending merger deal with Bonanza Creek…
Headwater Exploration Nearly Doubles 2021 Capex
Headwater Exploration Inc. reported its Q4/full year 2020 results as well as its 2021 capital plan. Ups 2021 Capex Headwater is reaffirming its 2021 production guidance. Based on…
Ovintiv Looking to Sell Eagle Ford Asset Sale
Ovintiv Inc. is nearing striking an agreement to sell its Eagle Ford portfolio, according to a report by Reuters. Citing sources faimilar with the matter, the report stated…
Northern Oil and Gas Fourth Quarter, Full Year 2020 Results
Northern Oil and Gas, Inc. announced the company's fourth quarter and full year 2020 results. Highlights: Fourth quarter production of 35,738 Boe per day, up 23% from the…
California Resources Sets 2021 Budget
California Resources Corp. reported fourth quarter and full year 2020 results. 2021 Capital Budget CRC's 2021 capital program is anticipated to be between $200 and $225 million, including…
Enerplus Closes $465MM Acquisition of Bakken-Focused Bruin
Enerplus Corp. has closed its previously announced acquisition of Williston-focused Bruin E&P HoldCo LLC for $465 million. The purchase price was funded by Enerplus fully drawing its new…
Earthstone Ups Spending 42% for 2021
Earthstone Energy, Inc. reported its Q4/full year 2020 results as well as its 2021 guidance. 2021 Plan - Capex: $90-100 million - up 42% vs. 2020 levels of…
Talos Trims Spending 12% for 2021
Talos Energy Inc. announced its operational and financial results for the fourth quarter and full year 2020. The Company also announced its year-end 2020 reserves figures as well…
Shell Appoints New Company Chairman; Details Other Board Changes
Royal Dutch Shell plc has announced the appointment of Sir Andrew Mackenzie as the new Company Chair. Andrew will succeed Chad Holliday who will step down on May…
Goodrich Ramping Up Capex, Production for 2021
Goodrich Petroleum Corp. announced fourth quarter and year-end 2020 financial and operating results as well as its 2021 plan. 2021 Plan - Capex: $75-85 million - up 42%…
Amplify Details 2021 Capex, Up 15% YOY
Amplify Energy Corp. reported its Q4/full year 2020 results and 2021 guidance. 2021 Plan - Capex: $28-39 million - up 15% vs. 2020 levels of $29.2MM Offshore Southern…
Northern Oil Reports Changes to Marcellus Asset Deal; Adjusts 2021 Outlook
Northern Oil and Gas, Inc. has reported an update regarding its pending acquisition deal with Reliance Industries subsidiary, Reliance Marcellus LLC. EQT Corp. has exercised their preferential rights…
Contango IDs 2021 Budget
Contango Oil & Gas Co. reported its Q4/full year 2020 results as well as its 2021 capital plan. 2021 Plan Contango only revealed its spending plans for 2021.…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |