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Hess Corp. First Quarter 2021 Results
Hess Corp. reported its Q1 2021 results. Hess reported net income of $252 million, or $0.82 per common share, in the first quarter of 2021, compared with a…
Suncor to Take $425MM Impairment Hit on White Rose Assets
Suncor will record in the fourth quarter of 2020 a non-cash after-tax impairment charge of approximately $425 million on its share of the White Rose asset and West…
Imperial Ditches Long-Term Unconventional Plans; Takes $1.1B Impairment Hit
Following annual review, Imperial has re-assessed the long-term development plans of its unconventional portfolio in Alberta, Canada and no longer plans to develop a significant portion of this…
Exxon IDs 2021 Capital Budget, Asset Consolidation Plans
ExxonMobil has completed a review of its forward business plans and has detailed its preliminary plans for 2021. Highlights: Capital and exploration investments of $16-$19 billion in 2021…
National Fuel Gas Co. Fiscal Third Quarter 2020 Results
National Fuel Gas Company reported results from its fiscal third quarter 2020. Highlights: GAAP earnings of $41.3 million, or $0.47 per share, which includes a $13.2 million after-tax…
Canada 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…
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…
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…
Ascent Resources 2026: A Quiet Growth Story for Oilfield Services
Ascent Resources may not be making headlines with rig additions or dramatic well count increases, but a closer read of their March 2026 investor presentation — compared against…
Infinity Closes $1.2B Utica Upstream & Midstream Deal
Infinity Natural Resources has completed its $1.2 billion acquisition of upstream and midstream assets in the Ohio Utica Shale from Antero Resources and Antero Midstream, according to company disclosures…
Northeast News
Antero Resources Completes $2.8B Marcellus Expansion
Antero Resources Completes $2.8B Marcellus Expansion Antero Resources has completed the previously announced acquisition of upstream assets from HG Energy II, LLC, significantly expanding its core position in…
A Quiet Capital Pattern Is Forming in North American Upstream — and Almost No One Is Talking About It
A handful of recent transactions and capital raises point to a subtle pattern in North American upstream—one that is easy to miss because each event, on its own,…
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…
Ascent is quietly setting the Utica productivity curve
For most of the last few years, the Utica story has been about discipline: fewer rigs, fewer headlines, and steady execution from a handful of operators who know…