E & P News
Apache Moves Stock from NYSE to Nasdaq Exchange
Apache Corp. announced that it will be listing its common stock solely on the Nasdaq Stock Market beginning June 9, 2020. The company will discontinue listing its common…
Clearview Resources First Quarter 2020 Results
Clearview Resources Ltd. reported its financial and operational results for the three months ended March 31, 2020. Production Production for the three months ended March 31, 2020 was…
Advantage Oil & Gas' Credit Line Cut by $50MM
Advantage Oil & Gas Ltd. has reported a change to its credit facility. The company's lenders have cut the facility from $400MM to $350MM - a decrease of…
Hemisphere Energy First Quarter 2020 Results
Hemisphere Energy Corp. announces its financial and operating results for the three months ended March 31, 2020. Q1 2020 Highlights Achieved revenue of $5.0 million. Realized an operating…
Leucrotta Exploration First Quarter 2020 Results
Leucrotta Exploration Inc. has reported its Q1 2020 results. Highlights: Drilled, completed and tied-in a second Montney well at Two Rivers. Completed construction of the Two Rivers facility…
Hedge Fund Buys $33MM Debt Load from Bakken-Focused E&P
A private hedge fund has bought up a chunk of Northern Oil & Gas' debt, according to a report by Reuters. Angelo, Gordon & Co. purchased $33 million…
Another Eagle Ford Operator Files Bankruptcy; Will Sell Core Assets
Titan Energy, LLC today announced that the Company have entered into a comprehensive restructuring support agreement (the "RSA") with key stakeholders, including the agent under the Company's first…
SM Energy Tweaks Debt Exchange Plan
SM Energy Co. has amended its pending offers to exchange its outstanding notes listed in the table below for newly issued 10.00% senior secured notes due 2025 after…
Sundance Energy Regains Compliance with Nasdaq Exchange
Sundance Energy Inc. received confirmation from the Nasdaq Stock Market LLC that it has regained compliance with The company was initially out of compliance due to a late…
Murphy Oil Announces Departure of Two Execs
Murphy Oil Corp. announced that Walter K. Compton, Executive Vice President and General Counsel, will retire from the company effective June 1, 2020. The company also announced that…
EQT Curtails Production Until July; No Changes to Full-Year 2020 Estimates
EQT Corp. has moved to temporarily curtail approximately 1.4 Bcfe per day of gross production, equivalent to approximately 1.0 Bcfe per day of net production, beginning on May…
Hillcrest Restarts West Hazel Production Ahead of Schedule as Oil Prices Rise
Hillcrest Petroleum Ltd. reported that its production from the Saskatchewan based West Hazel assets re-commenced on May 19th, two weeks earlier than originally anticipated. The Company originally intended…
Cardinal Extends Revolving Period for Credit Line; Restrictions Imposed
Cardinal Energy Ltd. has received approval to extend the revolving period under the Company’s $325 million reserves-based credit facility. Cardinal signed an extension until June 30, 2020 in…
Vermilion Energy CEO Abruptly Departs Company
Vermilion Energy Inc. reported that Anthony Marino has stepped down as President and Chief Executive Officer after an eight year tenure, effective immediately. As a result, Curtis Hicks…
Unit Corp Files Chapter 11 Bankruptcy
Unit Corporation today announced that it has filed voluntary petitions under Chapter 11. The company expects to reduce its $650 million debt load. Earlier today, the company said…
| Commodity | Price | % Change |
|---|---|---|
| Brent Crude Oil | 94.99 | -14.10% |
| Light Crude Oil | 89.46 | -12.37% |
| Natural Gas | 3.04 | 10.14% |