E & P News
Apache Hits Oil Discovery at Exploration Well Offshore Suriname
Apache Corp. announced an oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. Keskesi East-1 encountered targets in the upper Cretaceous-aged Campanian and Santonian…
Report: Chesapeake Poised to Emerge from Bankruptcy
Chesapeake Energy Corp. is poised to emerge from bankruptcy after a lengthy trial period, according to a report by Reuters. Per the report, the company's bankruptcy plan was…
EQT Extends Frac Deal with US Well Services; Adds Fleet
U.S. Well Services, Inc. has executed two contracts to expand its electric fracturing services for EQT Corp. Under the terms of the agreements, the contract was extended, calling…
Murphy Oil to Keep 2021 Spending, Production Near 2020 Levels
In its presentation at the Goldman Sachs Global Energy Conference, Murphy Oil Corp. outlined its capital and production plans for 2021. The company noted that it largely plans…
Pioneer Seals $7.6B Acquisition of Parsley Energy
Pioneer Natural Resources Company has completed its previously announced acquisition of Parsley Energy Inc. The all-stock deal is valued at $7.6 billion. With the closing of the transaction,…
Tamarack Valley Ups 2021 Capex; Eyes 30% Oil Production Growth YOY
Tamarack Valley Energy Ltd. has provided an updated 2021 guidance. Budget Slightly Increased, Aims for 30% YOY Oil Growth Tamarack has slightly increased its 2021 capital budget to…
W&T Offshore High Bidder on GOM Lease; Updates Credit Facility, Hedges
W&T Offshore, Inc. has provided an update regarding several matters including the consolidation of its two Alabama natural gas treatment facilities, the awarding of two blocks from the…
Range, US Well Services Ink Appalachia Frac Service Deal
U.S. Well Services, Inc. and Range Resources have finalized an extended their electric hydraulic fracturing service contract in the Appalachian Basin. Joel Broussard, U.S. Well Services' President and…
Marathon Oil Adds New Director to Board
Marathon Oil Corp. reported that Brent Smolik has been elected to the Company's board of directors, effective January 11, 2021. About Smolik Mr. Smolik, 59, has over 35…
Whitecap Finalizes Acquisition of NAL Resources
Whitecap Resources Inc. has completed the previously announced strategic combination with NAL Resources Limited, whose asset portfolio is prospective for the Cardium and Canadian Bakken. The all-stock deal…
Pieridae Energy's COO Departs the Company
Pieridae Energy Limited has reported that its COO, Tim de Freitas, has left the Company effective immediately to pursue other endeavours. Sorensen will assume COO responsibilities on an…
Spartan Delta Revises 2021 Guidance; Details Winter Drilling Program
Spartan Delta Corp. reported an operational and corporate update with revised guidance for 2021. Highlights: Early results of Spartan’s drilling program are positive with fourth-quarter production exceeding guidance.…
GeoPark IDs 2021 Budget, Guidance; Talks Production Results
GeoPark Limited announced its operational update for the three-month period ended December 31, 2020. The company also detailed its 2021 plan. 2021 Work Program 2021 work program of…
Chevron Taps Noble Midstream for DJ Basin Oil Takeaway
Noble Midstream Partners LP has entered into an agreement with a Chevron Corp. to provide oil transmission services from the Wells Ranch development area to Platteville, Colorado, for…
Advantage Oil & Gas Talks 2H20 Well Results, Production
Advantage Oil & Gas Ltd. reported an operational update, including a step change in well productivity combined with reduced capital costs. All development in the second half of…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |