E & P News
Denbury Inc., First Quarter 2023 Results
Denbury Inc., announced first quarter 2023 results. Highlights First quarter 2023 net cash flows provided by operating activities totaled $89 million, and adjusted cash flows from operations(1) totaled…
Crescent Energy Company First Quarter 2023 Results
Crescent Energy Company announced first quarter 2023 results. Highlights Reported $256 million of net income and $54 million of Adjusted Net Income(1) Generated $232 million of Adjusted EBITDAX(1)…
Top Frac Companies Talk Slowdown In Gas Basin; Oversupplied Permian
Below the top frac companies talk about what to expect for the remainder of the year. One thing is very clear, almost all is expecting to move /…
Permian E&P Cut Rigs from 10 Rigs To 5
Ovintiv, during its 1Q 2023 earnings call provided some update on the remainder of its 2023 development program. One thing we have always stressed is that with the…
Another Large Permian E&P to Cut Frac Fleets by 50% in 2023
Vital Energy, previously Laredo Petroleum provided and update to its capital and development plans for 2023. Capital Investments.Vital Energy plans to operate two drilling rigs and one completions…
Permian E&P Cut Rigs and Frac Crew By 50% for Remainder 2023
Highpeak Energy said during its 1Q '23 resutls that it plans to cut it's rig count by 50% from 4 to 2 which is similar to what the…
Evolution Petroleum Corporation Fiscal Third Quarter 2023 Results
Evolution Petroleum Corporation announced fiscal third quarter 2023 results. Highlights Reported sequential growth in revenue of 9% to a record $36.9 million and in net income of 34%…
Permian Resources Corporation First Quarter 2023 Results
Permian Resources Corporation announced first quarter 2023 results. Highlights Delivered total production of 153.8 MBoe/d, ahead of guidance, and oil production of 78.3 MBbls/d, in-line with guidance Announced…
Civitas Resources, Inc. First Quarter 2023 Results
Civitas Resources, Inc. announced first quarter 2023 results. Highlights Average daily sales volumes of 159.4 thousand barrels of oil equivalent per day ("MBoe/d"), near the high-end of Company…
Ranger Oil Corporation First Quarter 2023 Results
Ranger Oil Corporation announced first quarter 2023 results. Highlights Total sales volumes of 48.7 thousand barrels of oil equivalent per day ("Mboe/d") and crude oil sales volumes of…
Vitesse Energy, Inc. First Quarter 2023 Results
Vitesse Energy, Inc. announced first quarter 2023 results. Highlights Completed spin-off from Jefferies Financial Group Inc. (the "Spin-Off") and closed the acquisition of Vitesse Oil, LLC on January…
Riley Exploration Permian, Inc. First Quarter 2023 Results
Riley Exploration Permian, Inc. announced first quarter 2023 results. Highlights Averaged oil production of 9.9 MBbls/d, representing an increase of 32% as compared year-over-year to the first quarter…
Talos Energy Inc. First Quarter 2023 Results
Talos Energy, Inc.announced first quarter 2023 results. Highlights Authorized a $100.0 million share repurchase program in March 2023 and repurchased 1.9 million shares through the end of the…
Diversified Energy Company PLC First Quarter 2023 Results
Diversified Energy Company PLC announced first quarter 2023 results. Highlights Delivering Reliable Results Recorded average 1Q23 production of 139 Mboepd (833 MMcfepd) Exit rate of 145 Mboepd (872…
Callon Petroleum Company First Quarter 2023 Results
Callon Petroleum Company announced first quarter 2023 results. Highlights Net income of $220.6 million, or $3.57 per diluted share (all share amounts are stated on a diluted basis),…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |