E & P News
Athabasca Oil Corp. Reveals 2021 Plans
Athabasca Oil Corp. has detailed its 2021 budget. 2021 Budget Capital Budget: Athabasca is planning expenditures of $75 million. Capital will be allocated $70 million to Thermal Oil…
Lilis Finalizes Sale of Asset Portfolio to Ameredev
Lilis Energy, Inc. has closed the sale of substantially all of the assets and its filing subsidiaries to Ameredev Texas, LLC. Ameredev offered $46.6 million in cash for…
Lonestar Resources Emerges from Bankruptcy
Lonestar Resources US Inc. announced that effective November 30, 2020, it has successfully emerged from Chapter 11 bankruptcy. Lonestar has eliminated approximately $390 million in aggregate debt obligations…
Tamarack Valley's Credit Line Reaffirmed
Tamarack Valley Energy Ltd.'s bank syndicated credit facility has been redetermined and remains at $275 million. As of November 30th, 2020, the Company has drawn approximately $189 million…
Exxon IDs 2021 Capital Budget, Asset Consolidation Plans
ExxonMobil has completed a review of its forward business plans and has detailed its preliminary plans for 2021. Highlights: Capital and exploration investments of $16-$19 billion in 2021…
Ring Energy Promotes New Executive VP
Ring Energy, Inc. has reported executive management changes effective November 30, 2020. Ring Energy, Inc. has announced the promotion of Mr. Stephen D. Brooks to Executive Vice President…
W&T Offshore Submits Winning Bid on Two Shallow GOM Blocks
W&T Offshore, Inc. has been named the high bidder on two blocks in the Gulf of Mexico Lease Sale 256 held by the Bureau of Ocean Energy Management…
HighPoint Resources Regains NYSE Compliance
HighPoint Resources Corp. has regained compliance with the NYSE continued listing standard relating to the average closing price of the Company's shares. The Company regained compliance after its…
Diversified Gas & Oil Borrowing Base Reaffirmed at $425 Million
Diversified Gas & Oil PLC's bank lending group, led by KeyBank National Association, has reaffirmed the existing $425 million borrowing base with no changes to pricing, covenants or…
Talos Wins GOM Exploration Blocks in Latest Bid Round; 11,520 Gross Acres
Talos Energy Inc. has been awarded two GOM deepwater blocks in the recent Outer Continental Shelf Federal Lease Sale 256, held on November 18, 2020. Properties that Talos…
Cenovus, Husky Unveil Post-Merger Leadership Team
Cenovus Energy Inc. and Husky Energy Inc. have detailed the executive leadership team that is expected to lead the combined company (the merger of Cenovus and Husky was…
YPF, Pan American to Ramp Up 2021 Gas Drilling in Vaca Muerta
Argentina-focused YPF is planning to accelerate gas drilling in the country starting in 2021 thanks to a new gas-focused incentive program. The Central Bank of the Argentine Republic's…
Lonestar Resources Third Quarter 2020 Results
Lonestar Resources US Inc. reported its Q3 2020 results. Highlights: Lonestar reported an 8% increase in net oil and gas production to 14,419 BOE/d during the three months…
Laredo Adds Two New Directors to Board
Laredo Petroleum, Inc. announced the appointment of Jarvis Hollingsworth and Lori Lancaster to the Company’s Board of Directors. Their appointments as independent directors are effective November 19, 2020.…
Amplify Energy's Credit Line Reaffirmed at $260MM
Amplify Energy Corp.'s latest credit redetermination by its lenders reaffirmed the borrowing base at $260 million. The next regularly scheduled borrowing base redetermination is expected to occur in…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |