E & P News
Permian E&P Ups 2024 Well Completed by +27% vs. 2023
SM Energy which has assets in the Midland basin and the Eagle ford, provided 2024 guidance and the company is upping it's permian well count by +30%. The…
Contrary to The Noise, U.S. Oil Production will Likely Growth 4-5% In 2024; A look Inside
There are numerous reports speculating how much U.S. oil production will growth in 2024. Well we decided to take a look at the presentations, 4Q 2023 transcripts, press…
Large Marcellus E&P Talk 2024 Development Plan, Rigs, Wells & Frac Crews
EQT, provided a look at it's 2024 development plan. 2024 OutlookIn 2024, the Company expects total sales volume of 2,200 – 2,300 Bcfe. The Company expects maintenance capital…
E&P Company Slash 2024 Capex & Frac Crews by 50%
Comstock reported its 2024 plans today as part of the fourth quarter report. As a result of "weak natural gas prices", the program calls for 41% less capital,…
New Permian E&P Company Score Capital; On The Hunt For Assets
Midway Energy Partners, LLC announced the closing of an equity commitment from Post Oak Energy Capital. The Company seeks to leverage its execution capabilities in an "acquire and…
Eagle Ford Operator Cuts 2024 Well Planned by 30%
During it's 4th quarter annoucement, Murphy provided a look into it's 2024 development plans. Onshore capital will be flat, however well count will decline 31%. As you can…
CNX Resources Talks 2024 Rigs, Frac Crews & Well Count
As part of its 4Q 2023 results, CNX Resources provided some guidance on it's 2024 development plans. Here is what the company said. The program calls for 1…
Chevron To Cut D&C Activity in U.S. Shale In 2024; Here is Where.
Chevron said expected organic capital expenditure range of $15.5 to $16.5 billion. Upstream spending in 2024 is expected to be about $14 billion. Of this planned expenditure, two-thirds…
EOG Resources Reports Third Quarter 2023 Results
EOG Resources, Inc. today reported third quarter 2023 results. Key Financial Results In millions of USD, except per-share, per-Boe and ratio data GAAP 3Q 2023 2Q 2023 1Q…
Large Permian E&P Cuts Capex;Outlines New D&C Plans, 2024
Ovintiv provided an updated guidance for the remainder of the 2023 development cycle. 2023 Guidance The Company issued its third quarter 2023 guidance and revised its full year…
Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…
Cardinal Energy Ltd. First Quarter 2023 Results
Cardinal Energy Ltd. announced first quarter 2023 results. Highlights Production increased 5% over the same period in 2022 due to ongoing strong base performance and excellent 2022 drilling…
Headwater Exploration Inc. First Quarter 2023 Results
Headwater Exploration Inc. announced first quarter 2023 results. Highlights Declared second cash dividend of $0.10 per common share and returned $23.5 million to shareholders in April 2023. Production…
Bonterra Eneergy Corporation First Quarter 2023 Results
Bonterra Eneergy Corporation announced first quarter 2023 results. Highlights Production in Q1 2023 averaged 13,464 BOE per day, four percent higher than Q4 2022, driven by an active,…
Hammerhead Energy Inc. First Quarter 2023 Results
Hammerhead Energy Inc. announced first quarter 2023 results. Highlights Produced a record 39,992 boe/d (47% liquids)1, in line with annual guidance for 2023. This quarterly production represents 35%…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |