E & P News
Northern Oil Details 2021 Capital Plan; Q4 Summary
Northern Oil and Gas detailed its estimated 2021 guidance as well as its Q4 summary. Q4 Summary Fourth quarter production of 35,500 – 35,900 barrels of equivalent (“Boe”)…
Earthstone Talks 2020 Capital Plan; Spending Up 73% from 2020
Earthstone Energy Inc. provided an operations update, released 2021 guidance and announced its year-end 2020 estimated proved reserves. 2021 Guidance 2021 Capex: $90-100 million - up 73% from…
BPX Energy Fourth Quarter, Full Year 2020 Result Summary
BPX Energy reported its summary of Q4 / full year 2020 results.
Exxon Adds Former Petronas CEO to Board
ExxonMobil Corp. reported that Tan Sri Wan Zulkiflee Wan Ariffin has joined its board of directors. With the election of Wan Zulkiflee, the ExxonMobil board will increase to…
ConocoPhillips Fourth Quarter, Full Year 2020 Results
ConocoPhillips reported its 4Q and full year 2020 results. Conoco reported a fourth-quarter 2020 loss of $0.8 billion, or ($0.72) per share, compared with fourth-quarter 2019 earnings of…
ExxonMobil Fourth Quarter, Full Year 2020 Results
ExxonMobil Corp. reported its Q4 and full year 2020 results. Exxon announced an estimated fourth quarter 2020 loss of $20.1 billion, or $4.70 per share assuming dilution. Fourth…
ExxonMobil Taps New VP / Controller
ExxonMobil Corp. has elected Len M. Fox as vice president and controller for the company, effective March 1, 2021. Fox will replace David Rosenthal, who is anticipated to…
TransGlobe Details 2021 Capital Budget, D&C Plans
TransGlobe Energy Corp. announces its 2021 capital budget and production guidance. All dollar values are expressed in US dollars unless otherwise stated. 2021 Budget 2021 capital budget of…
Chesapeake IDs 2021 Budget; Focuses on Appalachia, Ark-La-Tex Assets
In its most recent investor presentation, Chesapeake Energy detailed its 2021 capital plan. 2021 Plan - Total 2021 Capex: $700-750 million - Development Capex: $650 million Appalachia: $300…
Surge Energy Details 2021 Budget, Talks ESG Initiatives
Surge Energy Inc. detailed its 2021 capital plan, as well as an update on Surge’s ongoing Environmental, Social and Governance program. 2021 Budget Surge’s focus in 2021 continues…
Chevron Fourth Quarter, Full Year 2020 Results
Chevron Corp. reported its Q4 and full year 2020 results. Chevron reported a loss of $665 million ($(0.33) per share - diluted) for fourth quarter 2020, compared with…
CNX Resources Ups Capex for 2021; Aims for 10% Production Growth YOY
CNX Resources has increased its capital plans for 2021 2021 Plan - Capex: $430-470 million Up $10 million at the midpoint (+2%) versus its prior $440MM capex Down…
Bonanza Creek Details 1Q21 Guidance Ahead of HighPoint Deal Closure
Bonanza Creek Energy, Inc. detailed preliminary results for the fourth quarter and full year 2020, and provided guidance for the first quarter of 2021. Q1 2021 Bonanza Creek…
Cenovus Keeping Spending Flat for 2021 at $2.5B (Pro-Forma Husky Deal)
Cenovus Energy Inc. has detailed its 2021 capital plans. 2021 Capital Plan - Capex: $2.3--2.7 billion - flat vs. 2020 spending by both Cenovus and Husky, which was…
Murphy Oil Cuts Eagle Ford Capex 17% for 2021, D&C Plans; Talks Q4 Results
Murphy Oil Corp. reported its Q4 and full year 2020 results. The company also detailed its 2021 capital plan. 2021 Capital Plan - Capex: $675 to $725 million…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |