E & P News
Advantage Oil & Gas Third Quarter 2020 Results, 2021 Plan
Advantage Oil & Gas Ltd. reported third quarter 2020 financial and operating results and announce its 2021 capital program. Production, operating costs and adjusted funds flow met or…
Devon Energy Third Quarter 2020 Results
Devon Energy Corp. reported its Q3 2020 results. Highlights: Third-quarter oil production totaled 146,000 barrels per day, exceeding midpoint guidance by 6,000 barrels per day Delaware Basin efficiency…
Matador, LOE down -25%, More Cut to FY Capex; Well Count
Matador Resources reported its 3Q 2020 results. Here is a quick read through. Oil Production was up +6% year over year, but fell 2% sequentially. Equivalent production was…
Parsley Energy Third Quarter 2020 Results
Parsley Energy, Inc. announced financial and operating results for the quarter ended September 30, 2020. Recent Highlights: Generated positive free cash flow(1) in 3Q20. Paid 3Q20 quarterly dividend…
Hess Corp. Third Quarter 2020 Results
Hess Corp. reported its Q3 2020 results. Key Developments: Increased the estimate of gross discovered recoverable resources to approximately 9 billion barrels of oil equivalent (boe) for the…
Ovintiv Inc. Third Quarter 2020 Results
Ovintiv Inc. reported its Q3 2020 results. Highlights: Posted $47 million of non-GAAP free cash flow and reduced net debt by $217 million during the third quarter, reaffirmed…
California Resources Completes Restructuring Begins Trading
California Resources Corporation completed its chapter 11 restructuring and will begin trading today under the ticker NYSE:CRC . The company emerged with $540 million revolving credit facility ,…
Concho Resources Third Quarter 2020 Results
Concho Resources Inc. announced its third-quarter 2020 results. The company reported a net loss of $61 million, or $0.31 per share. Adjusted net income (non-GAAP), which excludes certain…
STACK Operator Looking to Exit Basin; 73,000 Net Acres - Map Inside
A STACK operator who just a year ago purchased its assets is now looking to exit the basin. The company has suspended drilling & completions activity.
EQT Corp. Making Moves to Buy Rival CNX Resources
EQT Corp. is pursuing avenues to acquire its Appalachia-focused rival CNX Resources, according to a report by Bloomberg. Citing two people familiar with the matter, the report states…
Ring Energy Adds Former Devon CFO to Board
Ring Energy, Inc. has appointed Thomas L. Mitchell to the Company's Board of Directors. Mr. Mitchell will be joining as an independent Director. About Mitchell Mr. Mitchell is…
Laredo Petroleum Reaffirms Borrowing Base
Laredo Petroleum reported the results of its credit facility redetermination. The borrowing base of the Company's Senior Secured Credit Facility was reaffirmed at $725 million in association with…
Bonanza Creek Energy Q3 Prelim: Production Up 6% from Q2, Oil Flat
Bonanza Creek Energy, Inc. issued preliminary third quarter 2020 results. Highlights include: Third quarter 2020 estimated average sales volumes of 26.2 MBoe/d, up 6% over second quarter volumes…
EQT Third Quarter 2020 Results
EQT Corp. announced financial and operational performance results for the third quarter 2020. Third Quarter Highlights: Sales volumes of 366 Bcfe, in-line with guidance, despite 15 Bcf of…
Canadian Spirit Mulling Strategic Alternatives for Montney Asset
Canadian Spirit Resources Inc. is pursuing strategic alternatives to maximize the value of its Montney resource base at Farrell Creek, Altares, and Attachie. CSRI has engaged Industrial Alliance…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |