E & P News
Matador Resources Second Quarter 2020 Results
Matador Resources Co. reported its Q2 2020 results. Ups 2020 Production Outlook; Oil Output +9% Matador updated its full year 2020 production guidance, expecting increases across all production…
Endeavor Energy CEO Retires; COO Robertson to Absorb Role
Endeavor Energy Resources reported the retirement of Chief Executive Officer Chuck Meloy effective September 24, 2020. Internal successor Lance Robertson, Chief Operations Officer and Senior Vice President of…
Highwood Oil's Credit Facility Reaffirmed; Cuts Jobs, Salaries to Save Capital
Highwood Oil Company Ltd. has reported revisions to the Company’s reserve-based credit facility as well as an ops update. Credit Facility Redetermination In its most recent redetermination, Highwood's…
EQT 2Q20 Results: Cuts Debt Load by $400MM, 1.0 Bcfe/d Production Curtailed
EQT Corp. reported its results for the second quarter 2020. 1.0 Bcfe/d of production Curtailed. On May 16, 2020, EQT made the strategic decision to temporarily curtail approximately…
Range's Q2 Spending Down 24%, Production Up 3% vs. Q1 2020
Range Resources Corp. announced that second quarter 2020 drilling and completion expenditures were $99 million, and Q2 production averaged 2,349 Mmcfe per day. Compared to Q1 2020, spending…
Rosehill Resources Files Chapter 11 Bankruptcy
Rosehill Resources Inc. has filed for bankruptcy. This move has been forthcoming since July 1, 2020, when Rosehill entered into a restructuring agreement with its lenders, of which…
Montage Selling Gathering Infrastructure for $25 Million, Lowers Capex
In an effort to raise cash, Montage Resources is selling wellhead gathering infrastructure in the Ohio Utica condensate development area for $25 million. FY 2020 Guidance The company…
SM Energy CEO Ottoson to Retire
SM Energy's President and CEO Jay Ottoson plans to retire before the end of 2020 while remaining a board member until May 2021. The new President and CEO…
Eagle Ford Well Results - July 21 2020
Back by popular demand. Today we resume providing weekly basins well results. You can get access to well results by going here. (requires a subscription)
Penn Virginia Expects Q2 Output to Drop ~10% from Q1; Free Cash Flow Positive
Penn Virginia Corp. detailed some of its preliminary Q2 2020 results. Prelim Highlights: Estimated production for the second quarter of 2020 of between 18,500-18,900 BOPD and between 24,100-24,600…
Range Resources Logs $125MM Derivative Loss for Q2
Range Resources is expecting a $125 million derivative loss for Q2, according to its most recent 8-K form filed with the SEC. The bulk of the loss comes…
Williston-Focused Bruin E&P Files for Bankruptcy
Bruin E&P Partners, LLC and its subsidiaries have filed Chapter 11 bankruptcy. The company has operations in the Williston Basin. Bruin has the support of more than two-thirds…
EP Energy Out with New Bankruptcy Exit Plan; Crushing PE Sponsors
EP Energy's bankruptcy saga continues as a new plan has been put forth after the previous plan fell through, according to a report by The Wall Street Journal.…
Earthstone Wraps Up 2020 Drilling, Releases Rig; Puts Curtailments Back Online
Earthstone Energy, Inc. has provided an update to its operations and 2020 production guidance. Wraps Up 2020 Drilling, Releases Rig In late May, Earthstone concluded its 2020 drilling…
Another STACK Operator Enters Forbearance with Lenders, Misses Payment
Chaparral Energy has entered into forebearance with its lenders as well as missed its latest interest payment, according to its July 15, 2020 8-K filed with the SEC.…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |