United States

Public Capital

Banks Contend with Deep Impact Post Oil Crash on E&P Borrowing

Both the COVID-19 pandemic and the oil price crash have had a deep impact on what E&Ps and their lenders expect compared to what they thought last fall, according to a Haynes and Boone report.

April 3, 2020

People , Exploration & Production

Amplify Energy CEO Ken Mariani to Retire

Following Ken Mariani’s retirement, effective April 3, Martyn Willsher, who currently serves as the company’s CFO, will serve as interim CEO of Amplify Energy.

April 3, 2020

Public Capital , Completions , Pressure Pumping

Shale Service Providers Liberty, NCS Multistage Lay Off Workers

Liberty Oilfield Services is cutting its workforce by 7%, while NCS Multistage plans to plans to reduce its workforce by 20%, the oilfield service companies said April 2.

April 3, 2020

Lease Sales

Marketed: Producing Permian Royalties in Pioneer-operated Wells

Caddo Minerals retained EnergyNet for the sale of producing mineral and royalty interests within the Permian Basin in Martin County, Texas, through an auction closing April 16.

April 3, 2020

Investment , Exploration & Production , Shale Plays , Digital Oilfield , Trends

Navigating Low Oil: Proactive Actions for E&Ps

Although the industry learned a lot during the last downcycle, oil and gas companies won’t have the same access to capital in the latest slump and will likely only be able to invest the cash they generate.

April 3, 2020

Crude Oil , Trade , Legislation

Oil Analysts Skeptical about Saudi-Russian ‘Deal’

Trump said April 2 he had brokered a deal between Russia and Saudia Arabia, but made no offer to reduce U.S. output, and benchmark Brent oil futures surged 21% in a record one-day rise. Here are analysts’ views on the deal.

April 3, 2020

Rig Counts

US Oil Rig Count Sees Biggest Weekly Drop Since 2015

Drillers cut 62 oil rigs in the week to April 3, bringing down the total count to 562, Baker Hughes Co. said in its weekly report.

April 3, 2020

Crude Oil , Trade , International

US Shale Producers Launch Anti-Saudi Lobbying Push

The group wants former Energy Secretary Rick Perry to argue for sanctions against the Saudis and Russia.

April 3, 2020

Crude Oil , Policy & Regulations

Official: Trump Does Not Plan to Ask Oil Producers for Coordinated Cuts

Administration awaits details of output reductions from Saudi Arabia and Russia.

April 3, 2020

Highlights , Shale Plays

Best of This Week’s Drilling Activity Highlights (April 3, 2020)

Two extended-lateral Wolfcamp Shale producers completed by CrownQuest and a horizontal Frontier discovery in Wyoming’s Converse County top this week’s drilling activity highlights from around the world.

April 3, 2020