E & P News
Concho Resources Second Quarter 2020 Results
Concho Resources Inc. reported financial and operating results for second-quarter 2020. Q2 Highlights Generated cash flow from operating activities of $689 million. Operating cash flow before working capital…
Shell Second Quarter 2020 Results
Shell reported its second quarter 2020 results. Royal Dutch Shell Chief Executive Officer Ben van Beurden said: “Shell has delivered resilient cash flow in a remarkably challenging environment.…
Apache Corp. Second Quarter 2020 Results
Apache Corp. announced its results for Q2 2020. Highlights: On July 20, announced major discovery at Kwaskwasi, third consecutive discovery in Block 58 offshore Suriname Submitted appraisal plan…
Crescent Point Energy Second Quarter 2020 Results
Crescent Point Energy Corp. reported its Q2 2020 results. Highlights: Capital expenditures trending to lower end of guidance due to expected well cost savings of over 10 percent…
CNX Resources Second Quarter 2020 Results
CNX Resources Corp. reported its Q2 2020 results. Q2 Highlights: Reported a net loss attributable to CNX shareholders of $146 million, or a loss of $0.78 per diluted…
ConocoPhillips 2Q20 Results; Production Down 24%; Reduced Capex; Curtailment
ConocoPhillips reportes its Q2 2020 results. Q2 Highlights: Ended the quarter with cash, cash equivalents and restricted cash totaling $3.2 billion and short-term investments of $4.0 billion, equaling…
Apache, Total Strike Oil at Kwaskwasi-1 Offshore Suriname, Marking Third Discovery
Apache Corp. has reported a major oil discovery at the Kwaskwasi-1 well drilled offshore Suriname in Block 58. The well was drilled by the Noble Sam Croft with…
Antero Resources Second Quarter 2020 Results
Antero Resources Corporation (NYSE: AR) ("Antero Resources" or the "Company") today announced its second quarter 2020 financial and operational results. The relevant condensed consolidated financial statements are included…
Baytex Energy Second Quarter 2020 Results
Baytex Energy Corp. reported its Q2 2020 results (all amounts are in Canadian dollars unless otherwise noted). Ed LaFehr, President and Chief Executive Officer, said: “During the second…
QEP Resources Second Quarter 2020 Results
QEP Resources, Inc. reported second quarter 2020 financial and operating results and provided an update to its 2020 plan in response to current market conditions. Second Quarter 2020…
Ovintiv/Encana Second Quarter 2020 Results
Ovintiv Inc. reported its Q2 2020 results. Highlights: New 2020 Capex program, $1.8 billion vs $1.850 billion. Second quarter average drilled and completed (D&C) well costs were approximately…
Permian E&P to Maintain 3 Rig Program; Complete/Frac 53 Wells in 2020
Matador Resources provided an updated guidance to its 2020 development program. The company started the year with six rigs and dropped to three by the end of Q2.…
Hess' VLCC Storage Strategy Pays Off; Q2 Results
Hess Corp. reported its 2Q 2020 financial results. Taps Three VLCCs to Store Crude; Sells at Premium to Brent Hess chartered three very large crude carriers (VLCCs) to…
WPX Energy Second Quarter 2020 Results
WPX Energy reported its Q2 2020 results. WPX reported an unaudited second-quarter loss from continuing operations attributable to common shareholders of $414 million, or a loss of $0.74…
Denbury Resources Files Chapter 11 Bankruptcy
Denbury Resources has entered into a Restructuring Support Agreement with funded debtholders holding 100% of revolving credit facility loans, approximately 67.2% of second lien notes and approximately 70.8%…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |