E & P News
Midland E&P Putting Rigs, Frac Crews Back to Work; Bolsters Well Plans
Endeavor Energy Resources LP reported its Q2 2020 results as well as provided an update on its full year 2020 operation plans and outlook. Bolsters 2020 Plan: More…
Briko Energy Corp. Second Quarter 2020 Results
Briko Energy Corp. reported its Q2 2020 results. Financial & Operating Highlights: Average daily production of 600 boe per day for the three months ended June 30, 2020…
ROK Resources Refreshes Exec Team; Will Focus on Expanding Asset Portfolio
ROK Resources Inc. has provided details on its revamped management team. Additionally, ROK details its Glen Ewen operating results and the addition of production in Saskatchewan. New Exec…
International Petroleum Taps New COO
International Petroleum Corp. reported that William Lundin has been appointed as Chief Operating Officer of IPC, effective as of December 1, 2020. The company's former COO, Daniel Fitzgeral,…
Pure Acquisition Corp. Seals Deal for Midland Basin-Focused HighPeak
Pure Acquisition Corp. has finalized its $845 million acquisition of HighPeak Energy LP / HighPeak Energy II LP's asset portfolio. The deal was originally struck on May 4,…
Exxon Restricts Output at Stabroek Asset Offshore Guyana; 100,000 BPD Cap
ExxonMobil is restricting oil output at its Stabroek asset offshore Guyana, according to a report by Reuters. Currently, output is being capped at 100,000 BPD. The company cited…
ConocoPhillips Seals Deal for Kelt's Montney Assets
ConocoPhillips has completed its $390MM acquisition of additional Montney acreage in Canada from Kelt Exploration Ltd. The purchase price was increased to $390 million from $375 million when…
Report: Petronas Mulling Buying Permian E&P DoublePoint Energy
Malaysia's Petronas is in talks to possible acquire Permian player DoublePoint Energy, according to a report by Bloomberg. Citing people familiar with the matter, the report noted that…
GOM-Focused Arena Energy Files for Bankruptcy
Arena Energy has filed for bankruptcy, according to multiple reports. The Woodlands, TX-based company will be looking to eliminate ~$1.0 billion in debt through the process. The company's…
Spartan Delta Corp. Second Quarter 2020 Results
Spartan Delta Corp. reported its Q2 2020 results. Q2 Highlights: Spartan closed the Transaction for total consideration of $108.8 million on June 1, 2020. A gain on acquisition…
Berry Corp. Brings On New COO
Berry Corp. has reported that Fernando Araujo is joining the Company as Executive Vice President and Chief Operating Officer to succeed retiring COO Gary Grove. About Araujo Mr.…
Battalion Oil Corp. Taps New CFO
Battalion Oil Corp. announced the appointment of Kevin Andrews as Executive Vice President, Chief Financial Officer and Treasurer of the Company effective August 17, 2020, replacing Ragan Altizer,…
Abraxas Begins Another Strategic Alternative Review
Abraxas Petroleum Corp.'s Board of Directors has determined to renew the strategic alternatives review announced last October and led by Petrie Partners, LLC. Abraxas CEO Bob Watson said:…
Penn Virginia President & CEO Retires; Successor Named
Penn Virginia Corp. has announced the retirement of President & CEO John A. Brooks. The company also announced the appointment of Darrin J. Henke as President, CEO and…
E&P with 20,000 Net Acres in the Delaware Core Looking for Buyer
The company has some 20,000 net acres in the core of the basin. Transactions most recently fetch $35000 per acre.
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |