E & P News
Colorado Regulators Support 2,000 foot Setback
The Colorado Oil and Gas Conservation Commission voiced support for large buffers around well drilling sites. The majority of the five-member panel said Wednesday they endorse setbacks of…
Pin Oak Midstream Acquires Laurel Mountain Midstream, Price Undisclosed.
Pin Oak Midstream , a subsidiary of Pin Oak Energy Partners LLC, announces the closing of a transaction with Laurel Mountain Midstream LLC , a joint venture between…
Shell Appoints New Non-Executive Director
Royal Dutch Shell plc announces that Abraham (Bram) Schot, has been appointed a Non-executive Director of the Company with effect from October 1, 2020. About Schot: Born in…
Sumitomo Sells Off Stake in Marcellus JV Project
Sumitomo Corp. has closed on the sale of its 30% stake in Marcellus Shale Gas development project. The buyer and sale price were not disclosed. Sumitomo acquired the…
Exxon, Partners Hit 18th Discovery Offshore Guyana
ExxonMobil and partners (Hess Corp. and CNOOC Ltd.) have made its 18th discovery offshore Guyana at the Redtail-1 well. This will add to the previously announced estimated recoverable…
Chevron Adds US Ambassador to Board of Directors
Chevron Corp. announced that Jon Huntsman Jr. has been re-elected to Chevron's board of directors, effective on September 15, 2020. He will serve on the Management Compensation Committee…
ConocoPhillips Adds Lime Rock Founder to Board
ConocoPhillips announced that its board of directors has elected Mr. Eric Mullins to serve as a board member. Mr. Mullins will serve on the Public Policy Committee of…
Amplify Energy Out of NYSE Compliance
Amplify Energy Corp. received notice that it is not in compliance with the NYSE listing standards. This is due to the company's average global market capitalization and last…
PetroChina, Ovintiv End Duvernay JV; Will Split Up the Asset
Ovintiv Inc. has closed an agreement with PetroChina Canada Ltd. to terminate the parties' joint venture and transfer the ownership and operation of certain Duvernay shale assets in…
Natural Gas Focused E&P Files Bankruptcy; Plans to Liquidate
Ursa Piceance Holdings, a Denham Capital backed E&P with assets in the Piceance Basin, has filed bankruptcy. The company has 47,000 net acres in the Piceance Basin, with…
Crescent Point Ups 2020 Guidance as Production Resumes; Talks 2021 Outlook
Crescent Point Energy Corp. has reactivated production volumes previously shut-in and, as a result, revised its 2020 guidance along with a preliminary outlook for 2021. Highlights: Reactivated shut-in…
Saudi Oil Exports to the U.S. Falls to 35 Year Low
Clipper data is reporting that Saudi oil exports to the US has fallen to a 35 year low. See the chart below. Read the story here.
Whiting Completes Bankruptcy; Will Resume Trading on NYSE
Whiting Petroleum Inc. has successfully completed its financial restructuring and emerged from Chapter 11 protection. Whiting officially concluded its reorganization after completing all required actions and satisfying the…
Bruin E&P Completes Chapter 11 Bankruptcy
Williston Basin-focused Bruin E&P Partners has completed its restructuring process and emerged from Chapter 11. Most of the debt was converted to equity and the company emerged with…
EP Energy's Bankruptcy Plan Finally Approved After Months of Uncertainty
EP Energy Corp. has received approval from the US Bankruptcy Court for the Southern District of Texas for its latest RSA plan. This comes after EP Energy experienced…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |