E & P News
Berry Corp. Second Quarter 2020 Results
Berry Corp. reported its Q2 2020 results. The company reported net loss of $65 million or $0.81 per diluted share and Adjusted Net Incomeof $5 million or $0.06…
Magnolia Oil & Gas Second Quarter 2020 Results
Magnolia Oil & Gas Corp. announced its financial and operational results for the second quarter of 2020. Q2 2020 Highlights: Magnolia reported a second quarter 2020 net loss…
Amplify Energy Second Quarter 2020 Results
Amplify Energy Corp. reported its Q2 2020 results. Key Highlights Update on Liquidity Enhancement Initiatives: Reduced operating expenses quarter-over-quarter by approximately $8 million, exceeding original expectations of $4…
Oasis Petroleum Second Quarter 2020 Results
Oasis Petroleum Inc. reported its Q2 2020 results and updated its 2020 outlook. 2Q20 Highlights: Delivered net cash used in operating activities of $47.9 million and Adjusted EBITDA…
Silverbow Resources Second Quarter 2020 Results
SilverBow Resources, Inc. reported its Q2 2020 results. Highlights include: Net production averaged approximately 142 MMcfe/d, above the high end of guidance Returned approximately 50 MMcfe/d of previously…
Permian/Eagle Ford Operator Adding 3 Rigs, 2 Completion Crews in August 2020
The company suspended drilling and completion activity in the Eagle ford and Permian during the second quarter. The company is bringing back rigs and frac crews to complete…
Devon Energy Q2 2020 Results; Cuts Another $25MM from Capex
Devon Energy Corp. reported its Q2 2020 results. Cuts 2020 Capex Again, Raises Oil Production Guidance Devon is lowering its full-year 2020 E&P capital expenditure guidance to a…
Pioneer Natural Resources Second Quarter 2020 Results
Pioneer Natural Resources Co. reported its Q2 2020 results. Pioneer reported a second quarter net loss attributable to common stockholders of $439 million, or $2.66 per diluted share.…
Gulfport Energy Second Quarter 2020 Results
Gulfport Energy Corp. reported its Q2 2020 results and provided an update on its 2020 activities. Key highlights are as follows: Continued improvement in well costs with Utica…
BP Sees Huge $16.8B Q2 Loss; Will Shift from IOC to IEC, Hit Net Zero by 2050
BP plc reported its Q2 2020 results. The company reported a loss of $16.8 billion, approximately 65% of which can be attributed to impairment charges of $9.2 billion…
Diamondback Energy Second Quarter 2020 Results
Diamondback Energy Inc. reported its Q2 2020 results. Q2 2020 Highlights: Generated second quarter cash flow from operating activities of $324 million. Operating Cash Flow Before Working Capital…
Centennial Resource Development Second Quarter 2020 Results
Centennial Resource Development, Inc. reported its Q2 2020 results. Q2 Highlights: Reduced capital expenditures by 84% from the first quarter 2020 Reduced year-to-date average well costs by over…
Journey Energy Second Quarter 2020 Results
Journey Energy Inc. reported its Q2 2020 results. Q2 2020 Highlights: Achieved production of 7,808 boe/d in the second quarter. Liquids (oil and natural gas liquids) accounted for…
HighPoint Resources Second Quarter 2020 Results
HighPoint Resources Corp. reported its Q2 2020 results. Highlights: Reported production sales volume of 2.9 million barrels of oil equivalent ("MMBoe") for the second quarter of 2020, exceeding…
Callon Petroleum Second Quarter 2020 Results
Callon Petroleum Co. reported its Q2 2020 results. Recent Highlights Delivered production of approximately 108.7 Mboe/d (65% oil), above the high end of guidance, for the second quarter…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |