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More Capital Expenditure - 2020 News
Diamondback Drill & Complete 456 Wells with $4 Billion Capex IN 2025
Diamondback provided the following 2025 gudiance. 2025 Guidance & Strategy: Production & CapEx: Oil Production: 485 – 498 MBO/d (883 – 909 MBOE/d total) CapEx: $3.8B – $4.2B…
Operator Ramps Up 2022 Permian Spending by 65%; Nine Rigs, 315 Completions
Occidental Petroleum detailed its 2022 capital plan and guidance. 2022 Plan - Capex: $3.9-4.3 billion - up 43% vs. 2021 Oil and Gas D&C: $3.2-3.4 billion - up…
EQT Details 2022 Guidance: Spending, Rigs, Frac Crews, Wells
EQT Corp. announced financial and operational guidance for 2022. 2022 Plans - Capex: $1.3-1.45 billion - up 25% vs. 2021 D&C: $1.01-1.11 billion Leasehold, Land: $110-130 million Other:…
Berry Corp. Fourth Quarter, Full Year 2020 Results
Berry Corp. reported its Q4 and full year 2020 results. Berry reported fourth quarter and full-year 2020 results. For the full year Berry's net loss was $263 million,…
Pioneer Focusing on Midland Ops for 2021, Capex Flat YOY; Talks 2020 Results
Pioneer Natural Resources Co. reported its 2021 capital plan and Q4/full year 2020 results. 2021 Plan - Capex: $2.5-2.8 billion - relatively flat vs. Parsley/Pioneer combined 2020 spending…
Canada News
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…
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…
Whitecap Details 2026 Duvernay & Montney Program
Whitecap Resources reported strong third quarter 2025 operating and financial results, marking its first full quarter following the strategic combination with Veren that closed on May 12, 2025.…
ARC Resources: Lower 2026 Capex, Higher Volumes
ARC Resources used its third quarter update to reinforce a familiar message to Canadian E&P executives: disciplined capital, structurally better market access, and a growing shareholder return program…