The Latest

Public Capital

Laredo Petroleum Tacks On Another Permian Basin Acquisition

Similar to another acquisition made by Laredo Petroleum in the Permian Basin earlier this quarter, the bolt-on in Glasscock County, Texas, continues to shift the company’s production mix toward oil.

December 9, 2019

Exploration & Production

From E&P Executive Editor: Changing Fortunes

The U.S. will continue to reap the rewards of shale gas via LNG exports in the coming decade, thanks in part to solar and wind energy.

December 9, 2019

Exploration & Production

Alaska Forecast Predicts North Slope Oil Production To Continue Slide

Alaska North Slope oil production has slipped below 500,000 barrels per day and will decline further in coming years, according to the latest forecast released by the state Department of Revenue.

December 9, 2019

Company Profiles

Gulfport Sees Gains With ‘Aggressive’ Drilling, Completions In Scoop

Increased stage spacing and proppant loading plus use of 100-mesh sand have proven favorable for Gulfport in the Scoop.

December 9, 2019

Public Capital

Permian Operator Lilis Energy Notified Of Listing Deficiency

Lilis Energy is below compliance with the NYSE American stock exchange’s continued listing standards because its stock has been selling for “a low price per share for a substantial period of time.”

December 9, 2019

Business

Jones Energy Agrees To $201 Million Buyout By Revolution

Jones Energy, which entered bankruptcy with $1 billion in debt in April, agreed to an all-cash deal for its Anadarko Basin assets.

December 9, 2019

Public Capital

Tullow Oil CEO Resigns After Company Continues To Face Issues Offshore Ghana

Tullow Oil on Dec. 9 said its CEO Paul McDade has resigned and the oil and gas explorer also scrapped its dividends, as it continues to face issues at its fields in Ghana.

December 9, 2019

Discoveries

Mexico's Pemex Announces Discovery Of 'Giant' Crude Oil Deposit

Mexican state oil company Pemex said on Dec. 6 it has discovered a deposit in southeastern Mexico that could yield 500 million barrels of crude, calling it the largest such finding in more than 30 years.

December 8, 2019

Unconventional

Three-Way Midland Basin Combination Creates $1.5 Billion E&P

The deal would create the largest pure-play northern Midland Basin E&P with a 73,000-net-acre position and 12,000 boe/d of production that is expected to more than double through 2020.

December 6, 2019

Exploration & Production

Saudi Delivers Deeper Cuts As OPEC+ Oil Producers Back New Pact

Saudi with OPEC peers and allies led by Russia backed a plan that could see cuts of as much as 2.1 million barrels per day (MMbbl/d), Saudi Energy Minister Prince Abdulaziz bin Salman said.

December 6, 2019