The Latest

Are Shale Producers Getting Credit for Reining in Spending Frenzy?

An unusual reduction in producer hedging found in a Haynes and Boone survey suggests banks are newly open to negotiating credit terms, a signal of market rewards for E&P thrift.

Dividends Declared Weeks of Nov. 25, Dec. 2

Here is a compilation of dividends declared from select upstream and midstream companies in fourth-quarter 2024.

Apex Locks in Financing for North Carolina Wind Farm

Apex Clean Energy said commercial operations at a 189 megawatt wind farm are expected to begin by year-end 2024.

Utica Play Economics Are Middleweight, Enverus Says

Returns in America’s modest, middleweight oil play, are above the Bakken and Eagle Ford, but rank below the Midland, Delaware and Denver-Julesburg basins, Enverus reported.

Matador Resources Credit Facility Upped by 30% to $3.25B

Matador Resources’ 19 lenders unanimously approved a 30% increase to the E&Ps borrowing base to $3.25 billion.

Q&A: How EthosEnergy Keeps the Oil and Gas World Spinning

EthosEnergy CEO Ana Amicarella says power demands and tools are evolving onshore and offshore and for LNG and AI.

Crescent Upsizes Stock Offering, Offers Debt for Ridgemar Acquisition

Crescent Energy is offering 21.5 million shares of its stock and borrowing additional funds to pay for the cash portion of a $905 million acquisition of Ridgemar Energy.

SM Energy Adds Petroleum Engineer Ashwin Venkatraman to Board

SM Energy Co. has appointed Ashwin Venkatraman to its board of directors as an independent director and member of the audit committee.

Exxon’s Upstream President Liam Mallon to Retire After 34 Years

Exxon Mobil’s board has appointed Dan L. Ammann, currently Exxon’s low carbon solutions president, to assume Liam M. Mallon’s roles.

EON Enters Funding Arrangement for Permian Well Completions

EON Resources, formerly HNR Acquisition, is securing funds to develop 45 wells on its 13,700 leasehold acres in Eddy County, New Mexico.