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Earthstone Energy Talks 2022 Results; Plans Five-Rig Program for 2023
Earthstone Energy, Inc. announced financial and operating results for the quarter and year ended December 31, 2022. 2023 Guidance The Company reaffirms its guidance released on February 16,…
Vermilion Energy Inc. Second Quarter 2022 Results
Vermilion Energy Inc. reported its second quarter 2022 results. Highlights: Q2 2022 fund flows from operations (“FFO”)(1) was $453 million ($2.75/basic share)(2) and free cash flow (“FCF”)(3) was…
Crescent Energy Co. Second Quarter 2022 Results
Crescent Energy Co. announced financial and operating results for the second quarter of 2022 and a quarterly cash dividend of $0.17 per share. Second Quarter 2022 Highlights: Produced…
Murphy Oil Second Quarter 2022 Results
Murphy Oil Corp. announced its financial and operating results for the second quarter ended June 30, 2022. Murphy reported net income attributable to Murphy of $351 million, or…
Silverbow Resources Second Quarter 2022 Results
SilverBow Resources, Inc. announced operating and financial results for the second quarter of 2022. Highlights include: Reported net production of 238 million cubic feet of natural gas equivalent…
Canada News
Western Canada Upstream M&A: Q1 2026 Transaction Report
Western Canadian M&A activity in Q1 2026 was characterized by a 87% decrease in total deal value compared to Q1 2025, totaling $0.8 billion C$. However, transaction volume…
Canadan E&P 2026 Program Calls for 448 Net Wells, Up 24% vs. 2025 Plan
Canadian Natural Resources outlined a 2026 operating capital budget of approximately $6.3 billion (total capital budget $6,425 million, including $125 million for carbon capture) targeting 1,590–1,650 MBOE/d of…
EIA’s “Glut” Calls: The 2025 Surplus Claim — and How 2021–2024 Forecasts Actually Held Up
The “~2.2 MMb/d glut in 2025” framing traces to the EIA’s Short-Term Energy Outlook (STEO), December 2025. EIA doesn’t usually write “glut” in the tables—what they publish is…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…
North America News
Baytex 2026 Development Plans
Baytex’s 2026 development plan reflects a post–Eagle Ford sale capital program and a sharpened focus on its core Canadian assets. The Company approved 2026 exploration and development expenditures…
Tourmaline: 2026 Capital Program Locked In at $2.9B
Tourmaline’s 2026 exploration and production (EP) program is set at $2.9 billion and targets average production of 690,000–710,000 boepd, with the company maintaining the multi-year EP Plan released…
Cenovus Outlines 2026 Development Plan Following MEG Integration
Cenovus’ 2026 plan targets capital investment of $5.0 billion to $5.3 billion (including ~$350 million of capitalized turnaround costs) and upstream production of 945,000 BOE/d to 985,000 BOE/d,…
Gran Tierra Energy To Step Down Activity in 2026
Gran Tierra Energy’s 2026 development plan reflects a step-down in spending and activity as the company transitions from fulfilling Ecuador exploration commitments in 2025 toward a free-cash-flow-focused program.…
Advantage Plans $300–$330MM 2026 Capital Program
Advantage’s 2026 development plan centers on Glacier-focused drilling and key midstream work. The company plans total capital spending of $300 million to $330 million and expects production to…