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Recommended Reading
Ring Energy to Acquire Stronghold for up to $465 Million
2022-07-05 - Following the closing of the transaction, the owners of Stronghold II Operating, founded in 2017 by father and son duo Steve and Caleb Weatherl, will become Ring Energy’s largest stockholder.
Oklahoma Shale Driller Chaparral Rebrands as Canvas Energy
2022-04-20 - “With fresh assets and a strong balance sheet, we have significant flexibility and are able to self-fund our strategy out of operating cash flow,” says Chuck Duginski, CEO of newly rebranded Canvas Energy.
ConocoPhillips Promotes Jack Harper; Tim Leach Moves into New Role
2022-05-02 - Both Tim Leach and Jack Harper joined ConocoPhillips following the combination in 2021 of the company with Concho Resources, where Leach and Harper had served as CEO and president, respectively.
Hess Beats Profit Estimates But Warns of Rising Costs
2022-04-27 - Hess reports D&C costs in the Bakken have increased about 7% from last year. “Like our competitors, were also seeing upward cost pressure across both onshore and offshore businesses,” CEO John Hess told analysts in a webcast.
US Shale Producer Pioneer Increases Production Cost Forecast
2022-04-28 - Pioneer Natural Resources will temporarily add one hydraulic fracturing fleet during the second quarter to make up for the work lost during a third-party sand mine outage, according to a filing.