Six months after filing for Chapter 11 protection, Utica producer Gulfport Energy Corp. has emerged from bankruptcy with $1.20 billion wiped off its balance sheet through deleveraging and a shakeup of its management team. The exploration and production company said Tuesday it has successfully completed its restructuring process with a new board and CEO in…
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Articles from 1Q2021 earnings
Cenovus Builds Oilsands Output on Back of Husky Takeover; Meg Sees ‘Structural Improvements’
Alberta oilsands specialist Cenovus Energy Inc. staged a recovery during the first three months of this year, fueled by its C$3.8 billion ($3 billion) all-stock takeover of Husky Energy Inc. Oil and natural gas liquids production, 90% dominated by northern Alberta bitumen extraction, jumped by 49% to 620,090 b/d from 416,802 b/d a year earlier.…
May 18, 2021
Northern Oil Grows Output as More Bakken Curtailments Eased
Lower 48 producer Northern Oil & Gas Inc. saw its 1Q2021 output climb over the previous three months as more curtailments were eased in the Bakken Shale and well productivity improved. The company, which has positions in the Bakken, the Marcellus Shale and the Permian Basin, reported overall production of 38,417 boe/d for the first…
May 11, 2021
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