Latest Activity
Vista Energy Acquires Equinor Non-Working Interest In Vaca Muera
Vista Energy and its subsidiary Vista Energy Argentina SAU entered into a series of agreements to acquire Equinor's entire onshore position in Argentina's Vaca Muerta basin for total…
Murphy's Hai Su Vang appraisal success strengthens Vietnam upside case
Murphy Oil delivered a meaningful positive update from offshore Vietnam, confirming that its Hai Su Vang (HSV) discovery is becoming both bigger and better defined. New appraisal results…
YPF leans into Vaca Muerta as shale becomes the growth engine
YPF is accelerating its shift toward shale as it positions Vaca Muerta as the core driver of Argentina’s production growth, margin expansion, and long-term cash flow potential. The…
Gran Tierra Energy To Step Down Activity in 2026
Gran Tierra Energy’s 2026 development plan reflects a step-down in spending and activity as the company transitions from fulfilling Ecuador exploration commitments in 2025 toward a free-cash-flow-focused program.…
Parex Advances Llanos Foothills Exploration Alliance with Ecopetrol
Parex and strategic partner Ecopetrol provided an update on their Llanos Foothills exploration program, noting that a full strategic alliance has effectively been achieved and that key Foothills…
Continental Resources to Acquire 90% Stake in Vaca Muerta Shale Concession
Continental Resources Inc. has agreed to acquire a 90% operating stake in the Los Toldos II Oeste block, a shale concession within Argentina’s Vaca Muerta formation, marking a…
Vaca Muerta 2025–2026: Acceleration, Optimization, and Strategic Impact
Vaca Muerta, Argentina’s premier shale play, is undergoing a major transformation under YPF’s aggressive growth strategy. As presented during YPF’s 2025 Investor Day, the next two years (2025–2026)…
GeoPark Terminates Vaca-Muerta Acquisition
GeoPark Limited said that the previously disclosed transaction to acquire a non-operated working interest in four unconventional blocks in Vaca Muerta, Argentina, has been terminated. The counterparty, Phoenix…
Argentina/Vaca Muerta Developers to Double Well Activity; Increase Frac Fleets
YPF has set some ambitious goals to grow oil production to ~500mbo/d by 2030. To accomplish this the company plans to almost double well count in '26 from…
Chevron To Acquire Hess For $53 Billion
Chevron announced said it is acquiring Hess in a all stock deal valued at $53 billion, or $171 per share based on Chevron’s closing price on October 20,…
Touchstone Exploration, Inc., First Quarter 2023 Results
Touchstone Exploration, Inc., announced first quarter 2023 results. Highlights Produced quarterly average volumes of 2,139 boe/d, representing a 53 percent increase relative to the 1,396 boe/d produced in…
Tenaz Energy Corp. First Quarter 2023 Results
Tenaz Energy Corp. announced first quarter 2023 results. Highlights Production volumes averaged 2,337 boe/d1 in Q1 2023, up 54% from Q4 2022 and 132% from Q1 2022. The…
Kosmos Energy Ltd. First Quarter 2023 Results
Kosmos Energy Ltd. announced first quarter 2023 results. Highlights Net Production(2): ~58,800 barrels of oil equivalent per day (boepd), with sales of ~61,100 boepd Revenues: $394 million, or…
Hess Corporation First Quarter 2023 Results
Hess Corp. announced its first quarter 2023 results. Highlights Net income was $346 million, or $1.13 per share, compared with net income of $417 million, or $1.34 per…
Chevron First Quarter 2023 Results
Chevron Corp. announced its first quarter 2023 results. Highlights Reported earnings of $6.6 billion; adjusted earnings of $6.7 billion Cash flow from operations of $7.2 billion; free cash…
ExxonMobil Fourth Quarter, Full Year 2022 Results
Exxon Mobil Corp. reported its fourth quarter and full year 2022 results. Exxon announced fourth-quarter 2022 earnings of $12.8 billion, or $3.09 per share assuming dilution, resulting in…
Shell Fourth Quarter, Full Year 2022 Results
Shell plc reported its fourth quarter and full year 2022 results. Chief Executive Officer, Wael Sawan commented: "Our results in Q4 and across the full year demonstrate the…
Chevron Fourth Quarter, Full Year 2022 Results
Chevron Corp. reported its fourth quarter and full year 2022 results. Chevron reported earnings of $6.4 billion ($3.33 per share - diluted) for fourth quarter 2022, compared with…
Chevron Third Quarter 2022 Results
Chevron Corp. reported its third quarter 2022 results. Chevron reported earnings of $11.2 billion ($5.78 per share - diluted) for third quarter 2022, compared with $6.1 billion ($3.19…
Shell CEO van Beurden to Step Down; Wael Sawan Tapped as Successor
Shell plc announced that Ben van Beurden will step down as Chief Executive Officer (CEO) at the end of 2022, and that his successor will be Wael Sawan.…
Capital Expenditure (2020 vs 2021)
| Company Name | 2020 ActualCapEx (MM) |
2021 EstCapEx (MM) |
%Diff(2020 vs 2021) |
|---|
International Rig Count Trends - Source Baker Hughes
| Date of Last Count | Count | Change from Prior Count | Date of Prior Count | Change from Last Year | Date of Last Year's Count | |
|---|---|---|---|---|---|---|
| Total | Apr 08, 2021 | 715 | 14 | Mar 05, 2021 | -200 | May 07, 2020 |
| Land | Apr 08, 2021 | 539 | 10 | Mar 05, 2021 | -143 | May 07, 2020 |
| Offshore | Apr 08, 2021 | 169 | 4 | Mar 05, 2021 | -59 | May 07, 2020 |