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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…
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…