E & P News
New President / CEO Takes Helm of Equinor
Equinor's board of directors has appointed Anders Opedal as new president and CEO of Equinor from 2 November 2020. Eldar Sætre will retire after six years as CEO…
Utica & SCOOP Operator Warns of Going Concern, Possible Bankruptcy
Gulfport Energy Corp. has announced that it might be unable to stay in business if it can’t refinance debt coming due next year. The Oklahoma City-based company said…
Enerplus Corp. Second Quarter 2020 Results
Enerplus Corp. reported its Q2 2020 results. Highlights: Second quarter production was 87,360 BOE per day, including liquids of 48,097 barrels per day Adjusted funds flow of $70…
Northern Oil & Gas Second Quarter 2020 Results
Northern Oil and Gas, Inc. reported its Q2 2020 results. Highlights: Total debt reduced by $52.2 million in the second quarter, resulting in over $3 million in interest…
Permian Basin Pure Player, To Resume Compling DUCs, D&C Program
The company plans to resume completing its inventory of DUC wells.
PE-Backed Presidio Seals Deal for Templar's Anadarko Basin Assets
Presidio Investment Holdings LLC has finalized its acquisition of bankrupt Templar Energy LLC's asset portfolio, which is focused on the Anadarko Basin. Prior to Presidio's offer, top bidders…
WhiteWater, WTG Ink NGL Takeaway Deal with with MPLX
WhiteWater Midstream and West Texas Gas, Inc. (WTG) have formed a JV to provide natural gas liquids (NGLs) takeaway capacity from MPLX LP and WTG gas processing plants…
EOG Resources Second Quarter 2020 Results
EOG Resources, Inc. reported its Q2 2020 results. EOG reported a second quarter 2020 net loss of $909 million, or $1.57 per share, compared with second quarter 2019…
Penn Virginia Second Quarter 2020 Results
Penn Virginia Corp. announced its financial and operational results for the second quarter 2020. Recent Significant Highlights Generated net cash provided by operating activities of $56.4 million and…
Crew Energy Second Quarter 2020 Results
Crew Energy Inc. reported its Q2 2020 results. Q2 Highlights: Production Increased as Pricing Improved in June: Q2 production averaged 22,074 boe per day, while first half 2020…
Advantage Oil & Gas Second Quarter 2020 Results
Advantage Oil & Gas Ltd. reported its Q2 2020 results. Highlights for the quarter include: Cash provided by operating activities was $24.4 million Adjusted funds flow(a) of $17.3…
Montage Resources Second Quarter 2020 Results
Montage Resources Corp. reported its Q2 2020 results. Second Quarter 2020 Highlights: Average net daily production was 551.7 MMcfe per day, above the midpoint of the Company's previously…
National Fuel Gas Co. Fiscal Third Quarter 2020 Results
National Fuel Gas Company reported results from its fiscal third quarter 2020. Highlights: GAAP earnings of $41.3 million, or $0.47 per share, which includes a $13.2 million after-tax…
PDC Energy Second Quarter 2020 Results
PDC Energy, Inc. reported its Q2 2020 results. Q2 Highlights: Net cash from operating activities of approximately $103 million and adjusted cash flows from operations, a non-U.S. GAAP…
Paramount Resources Second Quarter 2020 Results
Paramount Resources reported its Q2 2020 results. Highlights: Sales volumes averaged 68,839 Boe/d (39 percent liquids) in the second quarter of 2020 compared to 70,022 Boe/d (38 percent…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |