Exploration and Production (E&P)

Woodside pulls trigger to start work on Senegal’s Sangomar – Schlumberger-Subsea 7

Woodside pulls trigger to start work on Senegal’s Sangomar – Schlumberger-Subsea 7

EnergyVoice


Australia’s Woodside Energy has approved the 100,000 barrel per day Sangomar project, offshore Senegal, launching agreements with suppliers and putting the field on course to begin production in 2023.

Woodside pulls trigger to start work on Senegal’s Sangomar - oilandgas360

Woodside announced the final investment decision (FID), triggering deals with …

January 10, 2020 - 6:13 am
Range announces cash tender offer for up to $500 million aggregate principal amount of certain of its outstanding debt securities

Range announces cash tender offer for up to $500 million aggregate principal amount of certain of its outstanding debt securities

Oil and Gas 360


FORT WORTH, Texas, Jan. 08, 2020 (GLOBE NEWSWIRE) — RANGE RESOURCES CORPORATION (NYSE: RRC) (“Range” or the “Company”) announced today the commencement of cash tender offers (the “Tender Offers”) to purchase up to $500 million aggregate …

January 8, 2020 - 11:45 am
Source: Houston Chronicle

EOG Resources sells saltwater disposal wells in New Mexico

Houston Chronicle


Houston oil giant EOG Resources has sold nearly half of its saltwater disposal wells in the New Mexico side of the Permian Basin.

EOG Resources confirmed the sale of 23 saltwater disposal wells and 300 miles of oilfield …

January 8, 2020 - 10:05 am
Diamondback Energy, Inc. provides fourth quarter 2019 production update and schedules fourth quarter 2019 conference call for February 19, 2020

Diamondback Energy, Inc. provides fourth quarter 2019 production update and schedules fourth quarter 2019 conference call for February 19, 2020

Oil and Gas 360


MIDLAND, Texas, Jan. 07, 2020 (GLOBE NEWSWIRE) — Diamondback Energy, Inc. (NASDAQ: FANG) (“Diamondback” or the “Company”) today announced that its average daily production for the fourth quarter of 2019 was 301.3 MBOE/d (195.0 MBO/d), an …

January 7, 2020 - 11:45 am
Source: Reuters

Apache shares jump 26% on major discovery in Suriname with Total

Reuters


Apache Corp and Total SA said on Tuesday they had made a major oil discovery in the hotly-tipped Maka-Central 1 well off the coast of Suriname, sending Apache’s shares surging nearly 26%.

The well, dubbed “among the most anticipated …

January 7, 2020 - 11:30 am
Source: Houston Chronicle

Apache, Total announce first oil discovery offshore of Suriname

Houston Chronicle


Apache Corp. and the French energy major Total said Tuesday they’ve made a significant oil discovery offshore of the small South American nation of Suriname.

The announcement comes after Apache first offered vague results in early December that …

January 7, 2020 - 11:00 am
Chesapeake Energy Corporation announces final results of cash tender offer and consent solicitation

Chesapeake Energy Corporation announces final results of cash tender offer and consent solicitation

Oil and Gas 360


OKLAHOMA CITYJan. 7, 2020 /PRNewswire/ — Chesapeake Energy Corporation (NYSE: CHK) (“Chesapeake” or the “Company”) today announced the expiration and final results of its tender offer, on behalf of Brazos Valley Longhorn, L.L.C. (“BVL”) and …

January 7, 2020 - 10:30 am
GEOPARK announces fourth quarter 2019 operational update

GEOPARK announces fourth quarter 2019 operational update

GeoPark

GEOPARK ANNOUNCES FOURTH QUARTER 2019 OPERATIONAL UPDATE -oilandgas360


 

 

GEOPARK ANNOUNCES FOURTH QUARTER 2019 OPERATIONAL UPDATE - oilandgas360GEOPARK ANNOUNCES FOURTH QUARTER 2019 OPERATIONAL UPDATE

RECORD QUARTERLY AND ANNUAL OIL AND GAS PRODUCTION
17-YEAR PRODUCTION GROWTH TRACK RECORD

CONTINUED DRILL BIT SUCCESS WITH NEW OILFIELD DISCOVERY AND FIELD EXTENSIONS

  NEW COMPANY AND ACREAGE ACQUISITIONS SIGNIFICANTLY

January 7, 2020 - 7:01 am
Paramount Resources Ltd. announces renewal of normal course issuer bid

Paramount Resources Ltd. announces renewal of normal course issuer bid

Oil and Gas 360


CALGARYJan. 2, 2020 /CNW/ – Paramount Resources Ltd. (“Paramount” or the “Company”) (TSX:POU) announces that its board of directors has approved the implementing of a normal course issuer bid (“NCIB”).  A Notice of Intention …

January 2, 2020 - 2:30 pm
Source: Reuters

U.S. shale producers to tap brakes in 2020 after years of rapid growth

Reuters


HOUSTON – Vastly slower U.S. oil growth this year and the prospect of a plateau for the world’s top oil producer have signaled a new and unfamiliar era of self-restraint for the go-go shale industry.

Spending cuts and production …

January 2, 2020 - 1:00 pm
Paleo Resources announces results from Dorn Prospect Well, Polk County, Texas

Paleo Resources announces results from Dorn Prospect Well, Polk County, Texas

Paleo Resources Announces Results From Dorn Prospect Well, Polk County, Texas

December 31, 2019 - 4:02 pm
Source: Reuters

Oil price rise muted in 2019 despite sanctions, supply cuts, attack in Saudi Arabia

Reuters


NEW YORK/SINGAPORE – Oil prices rose more than 20% this year but there were no sharp spikes and crude futures barely sniffed $70 a barrel despite attacks on the world’s biggest oil producer, sanctions that crippled crude exports of …

December 30, 2019 - 11:00 am
Drilling and natural fracking wells in the Haynesville shale in East Texas lead by Exxon Mobil’s shale arm XTO Energy

Drilling Down: Top Texas drillers of 2019

Chron


A huge push in West Texas has allowed oil major Exxon Mobil to unseat Houston exploration and production company EOG Resources as the top driller in Texas.

Exxon Mobil’s shale arm XTO Energy filed for 659 drilling permits with …

December 30, 2019 - 8:01 am
PetroTal announces oil sales contract with PETROPERU S.A.

PetroTal announces oil sales contract with PETROPERU S.A.

Newsfile Corp


Calgary, Alberta and Houston,Texas— PetroTal Corp. (TSXV: TAL) (AIM: PTAL) (“PetroTal” or the “Company“), the Peruvian focused E&P company, is pleased to announce an oil sales contract with PETROPERU S.A. (“Petroperu”), a state owned …

December 27, 2019 - 10:10 am
ExxonMobil begins oil production in Guyana

ExxonMobil begins oil production in Guyana

Business Wire


The Lisa field off shore Guyana has a multi-national group of corporations starting production including ExxonMobil (NYSE:XOM), Esso Exploration, Hess Corporation (NYSE: HES) and CNOOC Limited. -Oil&Gas360.

ExxonMobile ExxonMobil Begins Oil Production in Guyana - oilandgas360

ExxonMobil today announced that oil production has started from the Liza field …

December 21, 2019 - 6:54 am
Torchlight provides Orogrande Basin project operational update

Torchlight provides Orogrande Basin project operational update

Torchlight Provides Orogrande Basin Project Operational Update

December 20, 2019 - 8:00 am
Source: Houston Chronicle

The top company in Texas’ birthplace of shale exits for $770M

Houston Chronicle


Devon Energy is selling its position in Texas’ Barnett shale for $770 million,  leaving the birthplace of the shale revolution without any top industry players.

 

The shale boom started with George P. Mitchell in the Dallas-Fort Worth …

December 18, 2019 - 1:30 pm
Source: Houston Chronicle

Big Oil shows new commitments to offshore African projects

Houston Chronicle


A bevy of Big Oil majors are making new commitments to developing oil and gas projects in West Africa, specifically in Senegal, Mauritania and Angola.

The British energy major BP said its three-well exploration campaign offshore of Senegal …

December 17, 2019 - 3:00 pm
Source: apnews.com

Syria hands oil exploration contracts to two Russian firms

Reuters


BEIRUT – Syria’s parliament has approved contracts for oil exploration with two Russian companies in an effort to boost production hit by more than eight years of war and Western sanctions.

State news agency SANA said the deals cover …

December 17, 2019 - 1:00 pm
Source: Reuters

Increase returns by $24 billion through well optimization

Oil and Gas 360


According to a recent study of data from oil and gas wells in Texas, accounting heavy-weight Deloitte suggests that Eagle Ford and Permian Basin shale operators could generate capital efficiency gains of 19% and 23%, respectively, …

December 17, 2019 - 12:48 pm
GEOPARK announces new strategic block acquisitions in Colombia

GEOPARK announces new strategic block acquisitions in Colombia

Geopark



Expanding acreage in the Llansos, and Putumayo Basins.

GEOPARK ANNOUNCES NEW STRATEGIC BLOCK ACQUISITIONS IN COLOMBIA EXPANDING ACREAGE AROUND CORE LLANOS 34 BLOCK - oilandgas360

Bogota, Colombia – December 17, 2019 – GeoPark Limited (“GeoPark” or the “Company”) (NYSE: GPRK), a leading independent Latin American oil and gas explorer, operator and consolidator with operations and …

December 17, 2019 - 8:00 am
Rosehill Resources Inc. provides 2020 guidance and an operations update

Rosehill Resources Inc. provides 2020 guidance and an operations update

Globe Newswire –


 


Rosehill Resources Inc. (NASDAQ: ROSE, ROSEW, ROSEU) today announced its 2020 guidance along with an operational update.

Rosehill Resources Inc. Provides 2020 Guidance and an Operations Update -oilandgas360

 

 

2020 Guidance:

  • Expecting cash flow neutrality, or better for 2020 based on forecasted production, capital expenditures and
December 17, 2019 - 6:17 am
Ascent Resources Utica Holdings, LLC Announces Reaffirmation Of Its $2.0 Billion Borrowing Base And A Two-Year Extension To Its Credit Facility Maturity To April 5, 2024

Ascent Resources Utica Holdings, LLC Announces Reaffirmation Of Its $2.0 Billion Borrowing Base And A Two-Year Extension To Its Credit Facility Maturity To April 5, 2024

Ascent Resources Utica Holdings, LLC Announces Reaffirmation Of Its $2.0 Billion Borrowing Base And A Two-Year Extension To Its Credit Facility Maturity To April 5, 2024

December 16, 2019 - 3:47 pm
Apache Corporation releases 2019 sustainability report

Apache Corporation releases 2019 sustainability report

Oil and Gas 360


HOUSTON, Dec. 16, 2019 — Apache Corporation (NYSE/Nasdaq: APA) has released its 2019 Sustainability Report, which highlights the company’s performance in governance, environmental stewardship, health and safety, workforce development and community engagement. The report is available …

December 16, 2019 - 10:15 am
SandRidge Energy announces a series of initiatives to improve shareholder value

SandRidge Energy announces a series of initiatives to improve shareholder value

Oil and Gas 360


OKLAHOMA CITYDec. 13, 2019 – SandRidge Energy, Inc. (“SandRidge” or the “Company”) (NYSE: SD) today announced it has initiated a series of actions designed to improve shareholder value:

 

SandRidge Energy announces a series of initiatives to improve shareholder value- oil and gas 360

-Evaluation of minimal 2020 capex

December 13, 2019 - 1:00 pm
Source: Houston Chronicle

Shale spending to fall 12% in 2020: Report

Houston Chronicle


Exploration and production spending on North American shale is expected to plunge by 12 percent next year because of modest oil prices, weaker cash flows and increased restraint desired by shareholders, according to a new report from the …

December 13, 2019 - 12:00 pm
Source: Houston Chronicle

Hilcorp partners with Doyon for Alaska growth

Houston Chronicle


The rapid growth of Houston’s Hilcorp in Alaska is continuing via a new partnership with a regional Alaska Native company to explore and drill on its land.

Hilcorp and Doyon Ltd. are teaming up to explore on Doyon’s …

December 12, 2019 - 2:30 pm
Basic Energy Services announces divestment and capital redeployment plan

Basic Energy Services announces divestment and capital redeployment plan

Business Wire – 


Given current market conditions, the Company believes it is appropriate to pivot away from completion-centric pumping services and toward its core production businesses

Basic Energy Services Announces Divestment and Capital Redeployment Plan - oilandgas360

Basic Energy Services, Inc. (OTCQX: BASX)  today announced a plan to divest of its …

December 12, 2019 - 11:00 am
QEP Resources announces extension of expiration date of its consent solicitations related to senior notes.

QEP Resources announces extension of expiration date of its consent solicitations related to senior notes.

GlobeNewswire


QEP Resources Announces Extension of Expiration Date of its Consent Solicitations Related to Senior Notes - oilandgas360

QEP Resources, Inc. (NYSE: QEP) (“QEP” or the “Company”) today announced that the deadline for its current solicitations of consents (the “Consent Solicitations”) from holders of its outstanding senior notes listed in the table below (the “Notes”), currently set …

December 10, 2019 - 10:15 am
Climate activists protest on the first day of the Exxon Mobil trial outside the New York State Supreme Court building on October 22, 2019 in New York City.
Angela Weiss | AFP | Getty Images

Exxon found not guilty in New York climate change case, ending 4-year saga for oil company

CNBC


The $1.6 billion suit brought by New York Attorney General Letitia James alleged that Exxon deceived investors about the true cost of climate change.

Exxon did not mislead shareholders over the true cost of climate change, New York Supreme

December 10, 2019 - 1:00 am