E & P News
Bakken Operator to Drill & Complete 210 Wells in 2021
Continental Resources provided a glimpse into its 2021 development program. Rigs: The program calls for 7 rigs in the Bakken and 4 Rigs in the STACK/SCOOP. Well Program:…
SM Energy Fourth Quarter, Full Year 2020 Results
SM Energy Co. announced fourth quarter and full year 2020 operating and financial results, year-end 2020 reserves and the 2021 operating plan. Highlights: The Company's strategic priorities in…
EQT Corp. Keeps Capex, Production Flat for 2021
EQT Corp. announced financial and operational performance results for the fourth quarter and year-end 2020, as well as financial and operational guidance for 2021. 2021 Plan Production: Sales…
Permian / Eagle Ford E&P to Run 3 Rigs, Frac 93 Wells in 2021
SM Energy provided a look into its 2021 drilling and completion program. The program calls for drilling of completion/frac of 93 wells (71 in the Permian, 21 in…
Northern Oil Makes Two Executive Promotions
Northern Oil and Gas, Inc. has announced the following promotions effective immediately: Mike Kelly, currently Executive Vice President of Finance, is promoted to Chief Strategy Officer Jim Evans,…
Whiting Details Preliminary Q4, Full Year 2020 Results
Whiting Petroleum Corp. issued preliminary fourth quarter 2020 operating results. For the fourth quarter of 2020, oil production exceeded the high end of the Company's guidance as it…
Continental IDs 2021 Capex, Plans Production Increase; Talks 2020 Results
Continental Resources, Inc. announced its full-year 2020 and fourth quarter 2020 operating and financial results, as well as its 2021 capital expenditures budget and operating plan. 2021 Plan…
Permian E&P to Drill & Complete 340 Wells in 2021
Devon Energy reported its 2021 capital plans, which includes a surprise move regarding its production plans. 2021 Plan The company is planning "maintenance capital" for 2021, with the…
Comstock's 2021 Budget Up Slightly YOY; Q4/Full Year 2020 Results
Comstock Resources, Inc. reported financial and operating results for the quarter and year ended December 31, 2020. 2021 Drilling Budget - Capex: $517-560 million - up 9% vs.…
Penn Virginia Reports Estimated Q4 2020 Results
Penn Virginia Corp. announced an operational update. Operational and Financial Update Closed transactions with Juniper Capital on January 15, 2021, which resulted in reduced debt, enhanced liquidity and…
Arc Resources 2021 Plan; Fourth Quarter, Full Year 2020 Results
ARC Resources Ltd. reported its fourth quarter and year-end 2020 financial and operational results as well as its year-end 2020 reserves results. 2021 Outlook ARC’s capital budget for…
Pine Cliff Details 2021 Capex, Production Outlook; Reserve Update
Pine Cliff Energy Ltd. reported an operations update and to announce its 2020 year-end reserves and 2021 guidance. 2021 Guidance Pine Cliff’s Board of Directors has approved a…
Birchcliff Energy Fourth Quarter, Full Year 2020 Results
Birchcliff Energy Ltd. reported its Q4 and full year 2020 results. Jeff Tonken, President and Chief Executive Officer of Birchcliff commented: “Birchcliff is proud to announce its fourth…
Hemisphere Energy Fourth Quarter, Full Year 2020 Results
Hemisphere Energy Corp. detailed its Q4 and full year 2020 update. 2020 Summary Capital spending for 2020 was minimal at approximately $1.5 million, with the remainder of funds…
Marathon Trims Workforce by 100 Employees (5%), Reduces Exec Pay
Marathon Oil has cut approximately 5% of its workforce, according to a report by Reuters. Out of a total of ~2,000 workers, around 100 employees were let go…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |