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More Suspended or Reduced Distributions/Dividends News
Surge Energy Suspends 2020 Capital Plan; Curtails Production
Surge Energy Inc. reported a strategy update for 2020 in response to the market instability caused by COVID-19 and and oil price decline. Suspends 2020 Capital Program The…
Continental Cuts April / May Production Estimates by 30%; Suspends Dividend
Continental Resources Inc. has announced the following update, which was made as a result of the market uncertainty: Production Decrease The company is lowering its production expectations for…
Cenovus Trims Further $150MM from 2020 Capex; Reduces Salaries for Execs, VPs
Cenovus Energy Inc. has made changes to its 2020 capital plan. Cenovus is cutting its 2020 capex by an additional $150 million which, combined with the $450 million…
Range Resources Reports Q4 2019 Results
Range Resources Corp. announced its fourth quarter and full-year 2019 financial results. Highlights All-in 2019 capital spending was $728 million, approximately $28 million less than the original budget…
Granite Oil Curtails Output, Suspends Dividend Due to Canadian Oil Prices
Granite Oil has suspended the payment of dividends due to Canadian oil prices, but the company notes this is temporary as it expects improvement in Canadian oil pricing…
United States News
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,…
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…
New E&P Scores Capital; Heading To the MidCon Region
Company Overview 406 Energy, LLC is a newly formed, Houston-based upstream oil & gas development company launched in October 2025 with an initial equity commitment from NGP Natural…
2025 Forecast : Dangerous Time Ahead
This is the time of year when we share a clear view into how we’re thinking about what to expect for drilling and completion activity in 2025. To…
Petrus Resources Ltd. First Quarter 2023 Results
Petrus Resources Ltd. announced first quarter 2023 results. Highlights Higher production – Production was up 54% from 7,379 boe/d(1) in the first quarter of 2022 to 11,385 boe/d…