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More Impairment News
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…
Permian 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…