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More Capital Expenditure - 2019 News
Karve Energy's Production Moves Upward After Q2 Lull; Talks Drilling Program
Private Canadian E&P Karve Energy has detailed its 2019 drilling program. The company is focused on the Viking play. 2019 Program Capex: $80 million - reduced from $99…
Extraction Cuts 2019 Capex 15%; IDs 2020 Plans, Q3 Results
Extraction Oil & Gas, Inc. reported its Q3 2019 results and preliminary 2020 outlook. Preliminary 2020 Guidance Highlights - $510 - $580 million capital budget, including $450 -…
Pioneer Production Posts Growth, Oil Mix Steady; Cuts Permian D&C Capital for 2019
Pioneer Natural Resources Co. reported its Q3 2019 results and below are the highlights. Highlights: Total Production up +5% sequentially (350,725 boe/d), and up +9% year over year…
QEP Touts Less Capex, More Wells, More Production
QEP Resources reported it's 3rd quarter results, and here is a quick read. 1. Reduced capital expenditure guidance by $65 million 2. Production continues to grow, up 9%…
Range Reduces Capital Budget; Well Count Unchanged
Range Resources has announced its third quarter 2019 financial results. Shale Experts comments and observations: Production was only down -2% sequentially -1% year over year. Basically you could…
Alaska 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…
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…
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…
Ark-La-Tex News
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…
Diversified Energy Striking While the Iron is Hot in East Texas
Transaction Summary Diversified Energy has entered into a definitive purchase and sale agreement to acquire high-working interest, natural gas producing assets in East Texas from Sheridan Production for…
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…