E & P News
Shell to Cut 700 Workers As It Shutters Louisiana Refinery
Royal Dutch Shell will be slimming its workforce by almost 700 as a result of the closure of its Convent Louisiana refinery, according to multiple reports. The layoff…
Ovintiv IDs 2021 Budget; Talks Preliminary Q4, Full Year 2020 Results
Ovintiv Inc. announced preliminary financial results and select operating metrics for its fourth quarter and fiscal year ended December 31, 2020. 2021 Plans In 2021, the Company plans…
Conoco Touts New North Sea Discovery; 75-200 MMBOE Potential
ConocoPhillips announced a new oil discovery in production license 891 on the Slagugle prospect located 14 miles north-northeast of the Heidrun Field in the Norwegian Sea. Preliminary estimates…
Oasis Petroleum CEO Nusz Retires; Chairman Brooks Takes Helm for Interim
Oasis Petroleum Inc. announced that Thomas Nusz, the Company's Chief Executive Officer, retired from his position as Chief Executive Officer of Oasis and from its Board of Directors…
Mark McFarland Takes Over as Interim CEO of California Resources
California Resources has announced that Mark A. McFarland, the Company's Executive Chairman, will serve as interim Chief Executive Officer and James N. Chapman will serve as Lead Independent…
DJ Basin Focused Bonanza Creek Borrowing Base Unchanged $260 Million
Bonanza Creek Energy, who earlier announced it was acquiring HighPoint Resources said today that its semi-annual borrowing base redetermination has been completed and re-affirmed at $260 million with…
Ring Energy Promotes Several Execs; COO to Depart
Ring Energy, Inc. has reported executive management changes effective December 31, 2020. Promotions The Company has announced several promotions including: Alex Dyes to Executive Vice President of Engineering…
Shell Canada President to Retire; Pierce Tapped as Successor
Shell Canada reported that its President and Country Chair Michael Crothers has announced he will retire from the company in 2021. Crothers will be succeeded by Susannah Pierce,…
Goodrich Promotes McWatters to CFO / CAO Role
Goodrich Petroleum Corp. has promoted Kristen M. McWatters, the Company's Controller, to Senior Vice President, Chief Financial Officer and Chief Accounting Officer effective December 17, 2020. Ms. McWatters…
MEG Energy Accelerates Spending 73% for 2021 to $260 Million
MEG Energy Corp. has reported its 2021 capital investment plan. Its 2021 program is designed to be fully funded within 2021 cash flow at a full year average…
Crew to Ramp Up Spending by Over 300% in 2021; Wells, Production Plans
Crew Energy Inc. has reported its 2021 capital plans as well as its outlook for 2022. It will focus its program on its Montney assets. 2021 Plans Capital…
Yangarra Details 2021 Capex, Well Plans; Maintenance Production
Yangarra Resources Ltd. reported its 2021 capital plans as well as the results of its recent credit line review. 2021 Plans Capital Budget: $60 million Production: 10,000 BOEPD…
Headwater Expects 125% Production Growth in 2021; IDs Capex, Rigs, Well Plans
Headwater Exploration Inc. has detailed its 2021 capital plans. 2021 Plans - Capital Budget: $85 to $90 million (all focused on Marten Hills area, which it acquired from…
Tamarack Lowers Budget 8% for 2021; Bets Big on New Clearwater Asset
Tamarack Valley Energy Ltd. has detailed its 2021 capital plan. The plan features a large investment in its newly-acquired Clearwater property in Alberta. 2021 Plans 2021 Capex: $102…
ExxonMobil, Petronas Tout Discovery Offshore Suriname
ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname. The well was drilled by operator PETRONAS to a total depth of…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |