E & P News
Cardium-Focused Briko Explores Strategic Alternatives as CEO Steps Down
Briko Energy Corp. reported management changes and initiation of a strategic alternatives process. CEO Steps Down, Exec Appointment John H. Van de Pol, President & CEO, has advised…
InPlay Oil Corp. Ramping Up Spending, Production in 2021
InPlay Oil Corp. has detailed its 2021 capital plans as well as its hedging position. 2021 Capital Program Overview Capital program for 2021 of $23 million (up 98%…
Northern Oil Narrows 4Q20 Production Guidance; Updates Hedges
Northern Oil and Gas, Inc. announced a business and operations update. Highlights: Reaffirms mid-point of 4Q20 production guidance and narrows range to 34,000-36,000 Boepd Reiterates 2021 $40+ WTI…
Marathon Oil Hires New Senior VP / General Counsel
Marathon Oil Corp. reported that Kimberly Warnica has been appointed senior vice president and general counsel, with an anticipated effective date of January 11, 2021. About Warnica Prior…
Earthstone Finalizes Acquisition of Midland-Focused Independence Resources
Earthstone Energy Inc. has completed the acquisition of Independence Resources Management. The aggregate purchase price for the acquisition was approximately $182.0 million. Independence Resources is backed by Warburg…
Obsidian Energy Unveils 1H21 Budget, Well Plans
Obsidian Energy announced first half 2021 guidance, which will be focused on developing its Cardium assets. A total of $35 million in capital expenditures plus $5 million in…
Devon Energy, WPX Wrap Up $5.63B Merger Deal
Devon Energy Corp. and WPX Energy, Inc. announced the successful completion of their $5.63B all-stock merger of equals. The combined company will operate under the name Devon Energy…
Suncor to Take $425MM Impairment Hit on White Rose Assets
Suncor will record in the fourth quarter of 2020 a non-cash after-tax impairment charge of approximately $425 million on its share of the White Rose asset and West…
Whiting Cutting Spending by $20MM (-8%) for 2021; IDs Capex of $240 Million
Whiting Petroleum Corp. announced its 2021 capital, operating costs and production guidance, reflecting an operating plan focused on delivering sustainable free cash flow. 2021 Guidance Highlights Forecasted annual…
Saudi Arabia to Cut 1 Million Barrels Per Day in February, March
In a surprise move, Saudi Arabia said today it will cut 1 million barrels of oil per day in February and March under a new Opec+ agreement. This…
EQT's Year-End Reserves Up 13% YOY at 19.8 Tcfe
EQT Corp. reported year-end 2020 total proved reserves of 19.8 Tcfe, an increase of 2.3 Tcfe or 13% compared to year-end 2019. The increase was driven by the…
Penn Virginia Details Management Team Changes
Penn Virginia Corp. announced the departure of Benjamin A. Mathis, Senior Vice President, Operations & Engineering, effective January 4, 2021. Separately, the Company also announced that it had…
Southwestern Energy CFO Julian Bott Unexpectedly Passes Away
Southwestern Energy Co. announced that Julian Bott, Executive Vice President and Chief Financial Officer, passed away unexpectedly on January 3, 2021 after experiencing a sudden non-COVID related medical…
EOG Resources Promotes Yacob to Role of President
EOG Resources Inc. has promoted Ezra Y. Yacob to President of EOG effective immediately. Since December 2017, Yacob has held the position of Executive Vice President, Exploration and…
Cenovus, Husky Finalize $23.6B Merger Deal
Cenovus Energy Inc.'s strategic combination with Husky Energy Inc. has closed. The deal was originally announced on October 25, 2020. With the close of the transaction, Husky has…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |