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.
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.
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.
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.
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.
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.
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.
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.
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.
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.