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More Capital Expenditure - 2022 News
Capex Plans Jump After 2Q: Nearly 30 E&P Companies Raise 2022 Budgets
In their second quarter reports, a large number of E&P companies made sizable increases to their 2022 capital spending plans. A total of 29 companies increased their 2022…
Civeo Corp. Second Quarter 2022 Results; Raises Guidances
Civeo Corp. reported financial and operating results for the second quarter ended June 30, 2022. Bradley J. Dodson, Civeo's President and Chief Executive Officer, commented: "In the second…
2022 Guidance Growth: Several Operators Bolster Capex, Production Outlook
In response to the skyrocketing oil demand and D&C activity seen in 1Q22, several E&Ps have added additional capital to their 2022 budgets. A few E&Ps have also…
PDC Updates Budget Following Great Western Deal; Adds $50MM
PDC Energy Inc. updated its 2022 guidance after closing the Great Western Petroleum acquisition earlier this month along with its updated multi-year outlook. 2022 Guidance Update The Company's…
Enerplus Bets on Bakken for 2022; Drill 50 Wells, 1.5 Rigs
Enerplus Corp. reported its 2022 capital plan and guidance. 2022 Plan - Capex: $370-430 million - up 33% vs. 2021 - Capex by Play Bakken (83%): $307-357 million…
Gulf Coast News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…
Gulf of Mexico News
Permian Resources to Grow Production 6% in 2026
Permian Resources exited 2025 as the largest pure-play Delaware Basin operator with ~480,000 net acres and >105,000 net royalty acres. The company averaged 392.6 MBoe/d in 2025, including…
Battalion Oil Closes ~$60M West Quito Draw Asset Sale
Battalion Oil Corporation has closed the sale of its West Quito Draw assets in the Southern Delaware Basin to MCM Delaware Resources LLC, a subsidiary of MCM Energy…
Deal Rumor: ConocoPhillips Exploring $2B Permian Asset Sale
ConocoPhillips is reportedly exploring the potential sale of certain Permian Basin assets in a transaction valued at approximately $2 billion, according to Reuters, citing sources familiar with the…
An Eagle Ford Team That Cashed Out Is Back for Another Cycle
Houston — January 15, 2026 — Lime Rock Partners, a Houston-based private investment firm specializing in upstream oil and gas, has completed an equity commitment to Athena Energy…
Silver Hill Expands South Texas Footprint with Acquisition of 1776 Energy Assets
Silver Hill Energy Partners has acquired 100 percent of 1776 Energy’s South Texas oil and gas assets, significantly expanding its operated footprint across the Eagle Ford and Austin…