E & P News
Gran Tierra Details Year-End 2020 Reserves, Ops Update
Gran Tierra Energy Inc. reported its year-end 2020 reserve update. Commenting on Gran Tierra's 2020 year-end reserves, operational update and future plans, Gary Guidry, President and Chief Executive…
Post-Bankruptcy, Lonestar Lists Stock on OTCQX Exchange
Following its successful restructuring finalized on November 30, 2020, Lonestar Resources US Inc. began trading today on OTCQX under the symbol "LONE." Lonestar's Chief Executive Officer, Frank D.…
Hess Prelim Q4: Spending Down 58% YOY as Bakken, GOM Ops Slow; Production Dips 2%
Hess Corp. reported its preliminary 4Q 2020 results. 4Q Spending Down 58% YOY E&P capital and exploratory expenditures were $371 million in the fourth quarter of 2020, down…
Contango: Leasing Suspension Will Have 'No Impact' on Ops
Contango Oil & Gas Co. provided commentary on the US Department of Interior's 60-day suspension of authority for federal permitting, leasing, or other fossil fuel authorizations. Temporary suspension…
Kimmeridge Nominates Three to Ovintiv Board, Hints at Proxy Battle
In a move that signals potential for a proxy battle, Kimmeridge Energy Management Company has nominated three independent directors to the Board of Directors of Ovintiv Inc. Kimmeridge…
Contango Finalizes Acquisition of Mid-Con Energy Partners
Contango Oil & Gas Co. announced the successful completion of its acquisition of Mid-Con Energy Partners. In accordance with the terms of the merger agreement, Mid-Con unitholders will…
Hess IDs 2021 Budget; Bets Majority on Bakken, Guyana
Hess Corp. detailed its 2021 capital and production plans. - 2021 E&P Budget: $1.9 billion, of which more than 80% will be allocated to Guyana and the Bakken…
California Resources Overhauls Management Team Structure
California Resources Corp. is reducing the size of its leadership team and realigning several functions as it focuses on efficiency and cost reductions. The Company is eliminating leadership…
Amplify Energy Shuffles Management Team; Taps New CEO
Amplify Energy Corp. announced executive management and Board of Director changes effective January 19, 2021. Martyn Willsher, Amplify's current Interim CEO and CFO, has been named President and…
Vermilion Energy Details 2021 Budget; Down 17% vs. 2020
Vermillion Energy provided the following 2021 budget guidance. 2021 Plan Highlights: E&D capital budget of $300 million - down 17% from 2020's capex of $360 million Annual average…
Permian PE-Backed E&P Scores $300 Million for Development
Colgate Energy Partners III a portfolio company of NGP and Pearl said they have secured $300 million in unsecured debt due 2028. The company was formed in 2015…
Kosmos Touts New GOM Oil Discovery at Winterfell Prospect
Kosmos Energy has reported an oil discovery in the U.S. Gulf of Mexico at the Winterfell infrastructure-led exploration (ILX) well (Kosmos working interest 17.5%). Winterfell was designed to…
Penn Virginia Seals Eagle Ford Deal with Juniper; Credit Line Reaffirmed
Penn Virginia Corp. has announced the closing of the $38.4MM Juniper transaction, expanding its Eagle Ford portfolio. The company also reported the reaffirmation of its borrowing base, and…
Petrus IDs Budget for Q1 2021; Plans to Drill Three Cardium Wells
Petrus Resources Ltd. detailed its first quarter capital budget and outlook for 2021. Petrus’ Board has approved a first quarter 2021 capital budget of $9.0 million to drill…
Pioneer CEO Sheffield Talks 2021 Plan; Industry Outlook in 2022, Beyond
In a keynote speech for the 2021 Global Energy Conference, Pioneer Natural Resources CEO Scott Sheffield spoke about his outlook for the industry in the years ahead. Speaking…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |