Weekly News & Data ( Mar 30 - Apr 03 )
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Oxy Promotes Peterson to CFO as Burgher Takes on New Role
Occidental Petroleum has appointed Robert Peterson as its new CFO (he formerly served as Oxy's Senior VP of Permian EOR). Peterson replaces Cedric Burgher, who will transition to…
Amplify Energy CEO to Retire; CFO to Take Helm in Interim
Amplify Energy Corp. reported that Ken Mariani, Amplify’s President & CEO, has notified the Board of his planned retirement from the Company, effective April 3, 2020. Amplify’s Board…
Yangarra 2020 Update
Yangarra Resources Ltd.(“Yangarra” or the “Company”) (TSX:YGR) provides an operations update. As a result of the COVID-19 pandemic, Yangarra has implemented a number of actions to reduce the…
Perpetual Energy Update
Perpetual Energy Inc. (“Perpetual” or the “Company”) is pleased to announce that it has sold a 50% working interest in its East Edson property for consideration consisting of…
Briko Update
Briko Energy Corp. (“Briko” or the “Corporation”) is pleased to announce its 2019 year-end reserves and Complementary Acquisition update. 2019 Reserve Highlights Proved (“1P”) reserves increased 6% to…
Athabasca Cuts Capex 30%, Shuts In Hangingstone; Cuts Workforce by 15%
Athabasca Oil Corp. has made further changes to its 2020 operating plan. 2020 Capex Cut 30%; Focus on Montney, Duvernay Athabasca has cancelled a total of $40 million…
Oil Price Jump ~40% from Mid-Week Low as Russia, Saudi Arabia Reconcile; Set Meeting
Saudi Arabia and Russia are rumored to be nearing a truce in regard to OPEC oil production cuts, according to multiple reports. On April 4, US President Donald…
Liberty Slims Down Staff, Capex, Fleets; Execs Take Further 10% Pay Cut (30% Total)
Liberty Oilfield Services Inc. has reduced the size of its workforce, the number of active frac fleets deployed, capital expenditures and its general and administrative cost structure in…
Callon Hires Debt Advisors as it Grapples with $3.0B Debt Load
Callon Petroleum Co. has hired debt advisors as it looks to restructure its considerable debt load, according to a report by Reuters. Currently, the company has logged over…
Ovintiv Axes Additional $200MM from 2020 Budget; Updates Hedges
Ovintiv Inc. restructured its crude oil derivatives positions to provide additional downside protection for the balance of 2020. 2020 Budget Cut by Further $200MM In addition, the Company…
Obsidian Energy Delisted from NYSE
Obsidian Energy Ltd. received notice from the NYSE that it has not regained compliance with the NYSE's continued listing standard regarding share price. As a result, its shares…
TransGlobe Axes 2020 Capex by 80%; Scales Back Salaries, Cuts Staff
TransGlobe Energy Corp. reported a Q1 financial, operations and corporate update. All dollar values are expressed in US dollars unless otherwise stated Key 2020 Updates: The previously announced…
| Announce Date | Deal Title | Deal Value $MM |
|---|---|---|
| 04/01/2020 | Black Bear Seals Deal for Ozark Gas Midstream Assets | N/A |
