International Frontier Resources Corporation (ticker: IFR) has received a drilling permit for its onshore oil and gas block, Tecolutla, with its Mexican JV, Tonalli Energia.
Tonalli was granted the right to operate, develop and produce hydrocarbons at Tecolutla through a …
GeoPark Limited (ticker: GPRK), an independent Latin American oil and gas explorer, operator and consolidator with operations and growth platforms in Colombia, Brazil, Argentina, Chile and Peru, issued an operational update.
GeoPark’s 2018 work program and budget is $100-$110 million. …
Crescent Point Energy Corp. (ticker: CPG) expects to generate annual average production of 183,500 BOEPD and exit production of 195,000 BOEPD in 2018. The increase will be fueled from its $1.8 billion …
Ring Energy, Inc. (ticker: REI) released its operations update for the fourth quarter of 2017.
In the three months ended December 31, 2017, on its central basin platform asset (CBP), Ring drilled 19 new horizontal San Andres wells and was …
SM Energy Company (ticker: SM) said that it entered into a definitive agreement to sell a majority of the company’s Powder River basin assets for a cash purchase price of $500 …
Parsley Energy, Inc. (ticker: PE) said that next year, effective Jan. 2019, Chairman of the Board and CEO Bryan Sheffield will be succeeded as CEO by Matt Gallagher, the company’s current president and COO.
Gallagher is appointed to Parsley’s board …
Lilis Energy, Inc. (ticker: LLEX) said that its Tiger #1H well has reached a 24-hour initial production rate of 1,803 BOEPD on a three-stream basis, at 439 BOEPD per …
Encana Corp. (ticker: ECA) anticipates between 25% to 35% production growth from its core assets from the …
Institutional investors, portfolio managers, financial analysts, CIOs and other investment community professionals who invest in the energy space should register now for the EnerCom Dallas …
International Petroleum Corp. (ticker: IPCO) has acquired conventional oil and gas assets in Alberta, Canada.
The Suffield and Alderson conventional oil and natural gas assets are held over a large, contiguous land position of 800,000 net acres of shallow natural …
Diamond Offshore Drilling, Inc. (ticker: DO) and Petróleo Brasileiro S.A.-Petrobras (ticker: PBR) agreed on Thursday, January 4, 2018 to settle a pending lawsuit and amend the Ocean Valor drilling contract.
In August 2016, a subsidiary of Diamond Offshore Drilling, …
On Dec. 30, 2017, Ukraine President Petro Poroshenko signed a new law reducing the natural gas royalty rate on all new wells drilled after Jan. 1, 2018 from 29% to 12%.
“The …
Exxon Mobil Corporation (ticker: XOM) has discovered its sixth oil reservoir in offshore Guyana since 2015, resulting from the Ranger-1 exploration well.
The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which …
U.S. Secretary of the Interior Ryan Zinke announced the next step for development of the National Outer Continental Shelf Oil and …
Samson Resources II, LLC has released its 2018 total capital budget with a range of $105 to $115 million. The capital program aims to increase production volumes by about 20%, compared to 2017 exit production rates. The company will spend …
PDC Energy, Inc. (ticker: PDCE) has appointed R. Scott Meyers, previously the company’s chief accounting officer, to the chief financial officer position.
Meyers has been with the company since 2009. He was appointed CFO concurrently with the previous CFO’s resignation. …
PetroShale Inc. (ticker: PSH) has commenced drilling two (1.7 net) wells on its operated Primus unit in Antelope during the third quarter of 2017. PetroShale operates primarily in the Bakken/Three Forks play in North Dakota. As of September 2017, the …
Weatherford (ticker: WFT) announced the sale of its U.S. pressure pumping business today, completing a major portion of the company’s refocusing project.
Schlumberger (ticker: SLB) will pay Weatherford $430 million in cash for Weatherford’s U.S. …
Norway announced the applicants for its 24th licensing sale, showing a significant decrease in interest in the country.
The round offers blocks in the Barents Sea, which is considered the most important area in …
Congress’s new tax legislation has kept accountants busy through the holidays, as companies analyze how the new law will affect earnings and operations.
The headline provision of the legislation cuts corporate rates from 35% to 21%, reducing overall tax burdens. …
Penn Virginia (ticker: PVAC) kicked off a new year of oil & gas A&D transactions today, buying acreage in the Eagle Ford.
Penn Virginia will acquire assets in Gonzales and Lavaca counties from Hunt Oil Company for $86 million in …
Eclipse Resources Corporation (ticker: ECR) announced today that it has, through certain subsidiaries, entered into definitive agreements with Sequel Energy Group LLC (an affiliate of GSO Capital Partners LP) on December 22, 2017 to establish the previously announced drilling joint …
Chaparral Energy, Inc. (ticker: CHPE) announced today that it has entered into a definitive purchase agreement to acquire acreage in Kingfisher County, Oklahoma, from a private seller for $60 million in cash, subject to customary post-closing adjustments.
Highlights
The climate activist groups 350.org and Colorado Rising, a coalition of grassroots groups and activists who worked on 2016’s unsuccessful ballot initiative to amend the Colorado constitution with mandatory 2,500-foot setbacks for oil and gas operations …
Early today Goodrich Petroleum Corporation (ticker: GDP) announce a preliminary capital expenditure budget for 2018 of $65 to $75 million.
100% of the coming year’s budget will be allocated to the company’s core acreage in the Haynesville Shale in the …
LINN Energy, Inc. (ticker: LNGG) announced that it has signed a definitive agreement to sell its Oklahoma Waterflood and Texas Panhandle properties to an undisclosed buyer for a contract price of $122 million, subject to closing adjustments.
The combined properties …
Strategic Oil & Gas Ltd. (ticker: SOG) and its board of directors has approved a $9 million capital program for the first half of 2018. The company’s 2018 winter drilling program will be focused on the Muskeg wells at West …
Gran Tierra Energy Inc. (ticker: GTE) has released its 2018 capital budget and production guidance.
Highlights
Suncor Energy: 2017 Production Update
Suncor Energy Inc. (ticker: SU) released end-of-year production numbers and provided an update to the Fort Hills dispute.
Highlights
- Upstream production of 736,000 BOEPD
- Oil sands produced 447,000 bbls/d, including 6,000 bbls/d from Fort Hills
- Syncrude produced 325,000 bbls/d for
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