E & P News
EOG Bullish on Oil Prices; Closes Out Hedges
During the RBC Conference, EOG Resources noted that the resurgence in oil prices has given them a more positive outlook for 2H20. See Also: They are not the…
Briko Energy Corp. First Quarter 2020 Results
Briko Energy Corp. reported its Q1 2020 results. Financial & Ops Results Decreased net operating expenses per boe by 6% to $11.94/boe for the three months ended March…
Athabasca Credit Facility Cut 65% to $42 Million
Athabasca Oil Corp.'s banking syndicate has renewed the reserve-based facility until November 30, 2020. The credit facility has been reduced to $42 million - a decrease of 65%…
Parsley Puts 92% of Curtailments Back Online; Others Will Likely Follow Suit
Parsley Energy Inc. has detailed that the bulk of its production curtailments implemented in May 2020 will be back online this month (June 2020), according to its recent…
Highwood Oil Co. First Quarter 2020 Results
Highwood Oil Company Ltd. has reported its Q1 2020 results. Highlights Achieved record production of 1,872 bbl/d of oil in the first quarter of 2020, a 23% increase…
ExxonMobil's President of Upstream Biz to Retire
ExxonMobil has announced that Steve Greenlee, president of ExxonMobil Upstream Business Development Co., has elected to retire on July 1 after more than 38 years of service. In…
Gulfport's : Salary Cuts, 2021 Debt Maturity, Production Down 25% YOY
Gulfport Energy re-initiated its 2020 guidances New production range 1.0 to 1.075 Bcfe/d vs prior range of 1.1 to 1.15 Bcfe/d. This will be down -25% vs full…
Taproot, Mallard Ink Long-Term Produced Water Deal in DJ Basin
Taproot Energy Partners, LLC has secured a long-term acreage dedication from Mallard Exploration in the DJ Basin. Taproot will provide Mallard with crude oil and produced water midstream…
Another Private MidCon E&P Files Chapter 11 Bankruptcy
Templar Energy LLC is filing for bankruptcy and plans to liquidate and wind-down operations. The CEO Brian Simmons said the company has support from lenders to sell off…
NGP Consolidates Portfolio Companies in Camino Natural Resources
NGP-backed Camino Natural Resources LLC is once again acting as a consolidator in the private-equity firm’s portfolio. Camino is absorbing two other companies within NGPs porfollio, Luxe Energy…
Oxy Cut Dividends in Attempt to Preserve Cash
Occidental Petroleum has cut its quarterly dividend to $.01 per share yesterday, this is after a 85% cut back in March. Shares fell (-5%) in after market trading.…
Pieridae Energy First Quarter 2020 Results
Pieridae Energy has reported its Q1 2020 results. Highlights: Revenue of $74.0 million in Q1 2020, an increase of $51.0 million or 222% compared to Q1 2019 Petroleum…
Razor Energy First Quarter 2020 Results
Razor Energy Corp. reported its Q1 2020 results. Q1 2020 Highlights Operating Production volumes in the first quarter of 2020 averaged 4,195 boe/d, down 4% from the production…
Santos Wraps Up $1.39B Deal for Conoco's Australia-West Assets
ConocoPhillips has finalized the $1.39B sale of its Australia-West assets and operations to Santos. Production associated with the assets being sold averaged approximately 46 MBOED for the first…
Ovintiv President Retires, CEO to Absorb Role; New Chairman Tapped
Ovintiv Inc. announced that Peter A. Dea will succeed Clayton H. Woitas, 71, as its chairman of the board. Ovintiv President Michael McAllister also announced plans to retire…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |