E & P News
Ovintiv Adds Tellurian CEO to Board
Ovintiv Inc. announced that Meg A. Gentle has been named as an independent member of its board of directors, effective December 16, 2020. Fred J. Fowler, 75, Ovintiv…
Suncor Adds to Board of Directors
Suncor announced the appointment of Jean Paul (JP) Gladu to the company's Board of Directors. Mr. Gladu's appointment is effective Nov. 17, 2020. About Gladu JP Gladu is…
TransGlobe Energy Third Quarter 2020 Results
TransGlobe Energy Corp. reported its Q3 2020 results. Highlights: TransGlobe is focused on conserving cash in the current low commodity price environment. The Company ended the third quarter…
Vermilion Shuffles Management Team
Vermilion Energy Inc. reported changes to its senior leadership team. Mr. Michael Kaluza has stepped down as Executive Vice President and COO, effective immediately. Mr. Dion Hatcher has…
Contango Oil & Gas Third Quarter 2020 Results
Contango Oil & Gas Co. reported its Q3 2020 results. Third Quarter 2020 Highlights: Achieved run rate LOE savings on Central Oklahoma properties of 48% since taking over…
Denbury Resources Third Quarter 2020 Results
Denbury Inc. announced its third quarter 2020 financial and operating results. Highlights: Successfully completed financial restructuring and emerged from Chapter 11 reorganization on September 18, 2020, with a…
TAG Oil Third Quarter 2020 Results
TAG Oil Ltd. reported its quarterly results for the interim period ending September 30, 2020. Highlights over the period include: At September 30, 2020, the Company had C$15.1…
SM's Credit Line Reaffirmed at $1.1B; Plans to Complete Six South TX DUCs
SM Energy Co. has reported several updates including results of its borrowing base redetermination and a new third party agreement for new wells in South Texas. Borrowing Base…
SCOOP / STACK Operator Files for Bankruptcy
Gulfport Energy Corp. has filed for bankruptcy (earlier this year (August 2020), the company warned it was potentially facing bankruptcy). The company expects to eliminate approximately $1.25 billion…
Report: Ovintiv Looking to Sell Eagle Ford Assets
Ovintiv Inc. (formerly Encana) is making moves to put its Eagle Ford assets on the market, according to a report by Reuters. Citing two people familiar with the…
Pieridae Energy Third Quarter 2020 Results
Pieridae Energy Limited reported its Q3 2020 results. Highlights: Revenue (net of royalties) of $54.6 million in Q3 2020, an increase of $41.4 million or 315% compared to…
Southwestern Finalizes Acquisition of Montage Resources
Southwestern Energy Co. has completed the acquisition of Montage Resources. The all-stock deal was valued at $857 million. Southwestern CEO Bill Way commented: "This strategic transaction represents another…
Petrus Resources Third Quarter 2020 Results
Petrus Resources Ltd. reported its Q3 2020 results. Q3 Summary In the third quarter of 2020 Canadian natural gas forward prices experienced significant gains. The improved pricing in…
Birchcliff Energy Third Quarter 2020 Results
Birchcliff Energy Ltd. reported its Q3 2020 results. Q3 2020 Highlights Delivered adjusted funds flow of $59.4 million ($0.22 per basic common share) in Q3 2020, a 174%…
InPlay Oil Corp. Third Quarter 2020 Results
InPlay Oil Corp. reported its Q3 2020 results. Q3 2020 Financial & Operations Results Production averaged 3,742 boe/d (69% oil & liquids) in the third quarter of 2020…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |