E & P News
Range Resources Second Quarter 2020 Results
Range Resources Corp. announced its second quarter 2020 financial results. Second Quarter Highlights Well costs averaged less than $600 per lateral foot, including facility costs, the lowest in…
Fieldwood Energy Will File for Bankruptcy Again; Chapter 22
After warning of the possibility in mid-May 2020, Fieldwood Energy LLC will file for Chapter 22 bankruptcy in the coming days, according to a report by the Wall…
Continental Resources Second Quarter 2020 Results
Continental Resources, Inc. announced second quarter 2020 operating and financial results. Highlights: Curtailed Operated Oil Volumes in 2Q20 Estimated to Generate $90 Million in Incremental Cash Flow from…
Kosmos Energy Second Quarter 2020 Results
Kosmos Energy announced today the financial and operating results for the second quarter of 2020. For the quarter, the Company generated a net loss of $199 million, or…
International Petroleum Second Quarter 2020 Results
International Petroleum Corp. reported its Q2 2020 results. Business Update Forecast 2020 net average production revised upwards to 37,000 to 40,000 barrels of oil equivalent per day (boepd)…
Apache Becoming Less Relevant to Oil Service Companies
This comes as Apache shifts its capital from US land operations in favor of international opportunities. Just last week, the company announced a new discovery at its prospect…
SM Energy Second Quarter 2020 Results
SM Energy Co. reported its Q2 2020 results. Q2 Focus: Capital discipline. Capital expenditures were 26% below guidance primarily reflecting lower costs as well as timing of certain…
Noble Energy Inc. Second Quarter 2020 Results
Noble Energy, Inc. reported its Q2 2020 results. CEO David Stover said: "Noble Energy's second quarter results reflect strong operational execution against the backdrop of the challenging global…
Oxy Reinstates Salaries for Execs; Some See Full Restoration of Pay
Occidental Petroleum is restoring its executive pay/compensation metrics after implementing cuts earlier in the year due to COVID-19. The decision was disclosed in its most recent 8-K filing…
Denbury's Stock Delisted from NYSE Following Bankruptcy Filing
Denbury Resources Inc. received notice that the NYSE will be delisting its common stock from trading on the NYSE and, as of July 31, 2020, indefinitely suspended trading…
Exxon Outlines Drilling & Frac Strategy for Permian 2020
ExxonMobil provided an update to its Permian Development plan. First we should note that Exxon is the largest drilling company in the Permian with some 30 rigs operating…
Chevron Changes Strategy On Permian; Slows Growth, Rig & Frac Activity
Chevron Corp. announced its 2Q results. Here is a quick read through regarding the Permian. As you might remember, Chevron inked a deal to acquire Noble Energy. At…
Perpetual Energy Second Quarter 2020 Results
Perpetual Energy Inc. reported its Q2 2020 results. East Edson Transaction On April 1, 2020, the Company sold a 50% working interest in its East Edson property in…
Southwestern Energy Second Quarter 2020 Results
Southwestern Energy Co. reported its Q2 2020 results. Highlights: Broad-based cost elimination with full year expense savings totaling $90 million, up $30 million since last quarter; Achieved record…
Cabot Oil & Gas Second Quarter 2020 Results
Cabot Oil & Gas Corp. reported financial and operating results for the second quarter of 2020. CEO Dan O'Dinges said: "Cabot Oil & Gas demonstrated its continued ability…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |