E & P News
Gran Tierra Resumes Production, Operations as Oil Price Improves
Gran Tierra Energy Inc. has resumed production after its curtailments earlier this year. The company also updated its recent operations. Production Restart During September 1-21, 2020, production has…
Permian Operator to Add Two Rigs in October 2020
Parsley Energy provided an update to its 2020 development program. In a recent investor presentation, the company said it has already added rigs this past month and plan…
Obsidian Files Hostile Takeover Bid for Cardium-Focused Rival Bonterra
Obsidian Energy Ltd. is moving forward with its hostile takeover of Cardium-focused rival Bonterra Energy Corp. Obsidian intends to purchase all of the issued and outstanding common shares…
EOG Adds Investment Exec to Board of Directors
EOG Resources Inc. announced the appointment of Michael T. Kerr to its Board of Directors, effective October 5, 2020. About Kerr Kerr has over 36 years of investment…
Matador Touts Lower Wolfcamp-A IPs at Boros Pad; Hits 4,500 BOEPD (60% Oil)
Matador Resources Co. reported results from its first four Boros wells completed and turned to sales in its Stateline asset area in Eddy County, New Mexico. IP Results…
Oxy to Pay Buffett's Berkshire $200MM in Dividends as Financials Improve
In a move that bodes well for its financial future, Occidental Petroleum plans to pay Warren Buffett and his company $200 million in preferred share dividends, according to…
Northern Oil Completes Reverse Stock Split; Ups 3Q Production Outlook, Cuts Debt
Northern Oil and Gas, Inc. has completed its reverse stock split as well as updated its outlook. First announced on June 24, 2020, Northern completed its 1-for-10 reverse…
Insiders Buying and Selling Company Stock : Week Ending 9/20/2020
Notable Buyers. Ben Brigham and Kari at Brigham Minerals buying CEO Olivier from Schlumberger purchased 25k shares at $17.95 CFO George from Centennial REsources purchased 25k shares at…
UPDATE: Oasis, Lenders Discussing Restructuring Following Missed Interest Payment
UPDATE (9/18): Oasis Enters Grace Period; Eyes Possible Restructuring Following its missed interest payment due date (see details below), Oasis Petroleum Inc. has entered into a 30-day grace…
Denbury Exits Bankruptcy
Denbury Inc. has successfully completed its financial restructuring and emerged from Chapter 11. The company eliminated $2.1 billion of bond debt as a result of the restructuring. Additionally,…
EQT Makes $750MM Bid for Chevron's Marcellus / Utica Assets
EQT Corp. has bid ~$750 million for Chevron Corp.'s Appalachian asset portfolio, according to a report by Reuters. Late last year, Chevron announced it was mulling the sale…
Eagle Ford E&P With Acreage In Gonzales & DeWitt Files Bankruptcy
The Operator has acreage in the core of the Eagle ford Play. The acreage spans 59k net acres.
Whiting Revamps 2H20 Plans, Corporate Strategy; Cuts Workforce, Adjusts Exec Pay
Following its emergence from bankruptcy on September 1, 2020 as well as appointing industry veteran Lynn Peterson as its new CEO, Whiting Petroleum Corp. has revamped its corporate…
Today in Completions: DJ Basin Well Hits 1,400 BOEPD IP24 (82% Oil)
Upland Exploration, Inc. has reported a company record IP from its recently completed seven-well pad in the DJ Basin. In Weld County, CO, Upland's Little Lady 22-1NH well…
Apache Updates Results of Latest Suriname Discovery; Begins Drilling Next Well
Apache Corp. has reported an update to the technical evaluation of the Kwaskwasi-1 discovery well offshore Suriname. Kwaskwasi-1 discovered hydrocarbons in multiple stacked targets in the upper Cretaceous-aged…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |