E & P News
Exxon Extends Offshore Guyana Work with Noble Corp.
Noble Corp. announced that the ultra-deepwater drillship Noble Tom Madden has been awarded approximately 6.5 years of additional contract term under the Commercial Enabling Agreement (CEA) with ExxonMobil…
Pioneer Natural Resources Promotes Three Executives
Pioneer Natural Resources announced the promotion of three executives which will be effected January 1, 2021. Richard Dealy, currently Executive Vice President and Chief Financial Officer (CFO), has…
Noble Midstream GP Gets New CEO; Robin Fielder
Noble Midstream GP gets new CEO as a result of the closing today of the Chevron/Noble Energy transaction. Chief Executive Officer Appointment Robin H. Fielder, currently President and…
Chevron Completes Acquisition of Noble Energy
Chevron Corp. has completed the acquisition of Noble Energy following approval by Noble Energy shareholders. Click here to access the deal in Shale Experts' M&A Database. Chevron CEO…
Permian E&P Borrowing Base Cut -13%; Shoring Up Balance Sheet
Earthstone Energy reported that its borrowing base was cut from $275 million to $240 million (-13%). Total outstanding debt is now $130 million vs $168.6 million as of…
Noble Energy Shareholders Approve Merger with Chevron
Noble Energy Shareholders approved the acquisition of the company by Chevron Corp. The deal will see Chevron the second largest shale producer second to EOG Resources. The all…
New E&P Scores Capital from Private Equity Firm; Heads to Anadarko Basin
Donald Burdick has announced the formation of Oilfant Energy II. He made the announcement on his LinkedIn account Shale Experts was able to confirm that the company started…
PE-Backed Company Acquires Water System from Permian E&P
The company said it acquired water assets from a Permian E&P. The assets included...
Devon Completes Sale of Barnett Assets
Devon Energy has completed the sale of its assets in the Barnett Shale to Banpu Kalnin Ventures. Devon received a cash payment of $320 million from BKV at…
NGL Energy Partners Signs Water Management Agreement with XTO/Exxon
NGL Energy Partners signed a Partnership and has begun receiving produced water from XTO Energy’s (a subsidiary of ExxonMobil Corp.) Poker Lake Development in the Delaware Basin. These…
Colorado Oil & Gas Regulators Vote to Support 2,000' Setback
After five days of hearings, all but one member of the Colorado Oil and Gas Conservation Commission voiced support yesterday for 2,000-ft. setbacks, significantly larger than those proposed…
ConocoPhillips Restores Production; Resume BuyBacks
ConocoPhillips provided some guidance on its 3Q 2020 operational resuts. The company is expecting production to increase to 1060 Mboe/d (mid-point of the guidance) which is up +8%…
Oasis Petroleum Files Chapter 11 Bankruptcy
In an expected move, Oasis Petroleum filed chapter 11 bankruptcy. The company is seeking to restructure $1.8 billion in debt. The pre-packaged plan will see the company emerge…
ConocoPhillips Exec Sees Global Oil Demand Rebounding to 100 MMBO/d; 2021 Outlook
A senior exec from ConocoPhillips predicts that oil demand will recover to 100 million BPD worldwide after grappling with historic lows due to COVID-19 and other factors, according…
Halo Exploration's Latest Montney Test Well Confirms Asset; Talks Future Development
Halo Exploration Ltd. reported test results from its HALO HZ MCKINLEY 5-21-65-22 upper Montney well. The 5-21 Montney oil well has now been on continuous production for 51…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |