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Gran Tierra Energy Inc. Reports Seventh Consecutive Year of South American Reserves Growth
Globenewswire· 2026-01-29 01:34
Core Insights - Gran Tierra Energy Inc. reported its 2025 year-end reserves and resources, highlighting a strong asset base with over 100% reserve replacement in South America for both proved developed producing (PDP) and proved plus probable (2P) categories [3][5][17] Reserves and Resources - The company achieved 2P reserves of 258 million barrels of oil equivalent (MMBOE) and unrisked best estimate contingent resources of 74 MMBOE in the Hoadley Glauconitic project [3][5] - Gran Tierra holds 118 million barrels of mean unrisked prospective resources across its Colombia and Ecuador prospects [3][5] - The total proved (1P) reserves are 142 MMBOE, while proved plus probable (2P) reserves are 258 MMBOE, and proved plus probable plus possible (3P) reserves are 329 MMBOE [7][17] Financial Metrics - The net present value (NPV) before tax discounted at 10% is reported as $1.5 billion for 1P, $2.5 billion for 2P, and $3.3 billion for 3P [5][7] - The net asset value (NAV) per share is $22.63 before tax and $13.62 after tax for 1P, and $51.09 before tax and $31.19 after tax for 2P [5][7] Production and Cash Flow - The company reported a reserve life index of 8 years for 1P and 15 years for 2P, indicating a robust production outlook [5][17] - PDP reserves continue to generate strong cash flow, supporting debt reduction and strengthening the balance sheet [4][5] Regional Insights - South America remains the principal source of reserves replacement and capital-efficient growth for the company, with significant new discoveries enhancing the reserves base [10][11] - In Canada, certain natural gas reserves were reclassified as contingent resources due to lower forecasted gas prices, but this reclassification has limited impact on the overall net present value [3][11] Future Development Costs - Future development costs (FDC) for 1P reserves are estimated at $888 million and $1.682 billion for 2P reserves, reflecting a decrease from the previous year primarily due to the reclassification of certain reserves [17][28]
Quarterly Stockholder Update by Murphy Oil Corporation
Businesswire· 2026-01-28 21:42
Murphy Oil Corporation Stockholders, HOUSTON--(BUSINESS WIRE)--Murphy Oil Corporation (NYSE: MUR): 2025 was a pivotal year for Murphy, marked by momentum in our exploration program and strong execution in our core business. We delivered some of the best wells in Company history in onshore US and Canada, accompanied by robust execution across our offshore assets. We capped the year with exploration and appraisal success across two continents, drilling a successful appraisal well at our Hai Su Vang (Golden Se ...
Cairn Oil & Gas uncovers resources in Ambe-2A off India’s west coast
Yahoo Finance· 2026-01-28 13:13
Core Insights - Cairn Oil & Gas, a subsidiary of Vedanta, has made a hydrocarbon discovery in the Ambe-2A appraisal well located in the Gulf of Cambay, off India's west coast [1][2] - The discovery is expected to enhance domestic gas production capabilities and contribute to India's energy security objectives [2][3] Exploration and Development - The Ambe block, covering an area of 728.19 km², was awarded to Cairn Oil & Gas during the DSF-III bidding round in September 2022, with the company holding a 100% participating interest [2] - Cairn Oil & Gas plans to drill two additional wells at the site as part of its ongoing exploration campaign [3] - The company aims to develop offshore blocks on both the East and West coasts, aligning with the Prime Minister's Samudra Manthan Mission to accelerate production from India's offshore reserves [4] Infrastructure and Technology - Cairn Oil & Gas has installed India's first sub-sea template as part of its conductor supported platform project, which is essential for supporting cluster drilling operations [5] - The company operates across 44 blocks in India, covering approximately 47,000 km², and has substantial reserves [5][6] - Cairn Oil & Gas targets to contribute 50% of India's domestic production through multifaceted exploration projects across both conventional and unconventional resources [6]
Riley Permian Schedules Fourth Quarter and Full Year 2025 Earnings Release and Conference Call
Prnewswire· 2026-01-28 13:00
OKLAHOMA CITY, Jan. 28, 2026 /PRNewswire/ -- Riley Exploration Permian, Inc. (NYSE American: REPX) ("Riley Permian" or the "Company"), plans to release financial and operating results for its fourth quarter and full year 2025 on March 4, 2026 after the U.S. financial markets close. In connection with the earnings release, Riley Permian management will host a conference call for investors and analysts on March 5, 2026 at 9:00 a.m. CT to discuss the Company's results and to host a Q&A session. Interested par ...
Here is Why Murphy Oil (MUR) Fell This Week
Yahoo Finance· 2026-01-28 11:45
The share price of Murphy Oil Corporation (NYSE:MUR) fell by 6.87% between January 16 and January 23, 2026, putting it among the Energy Stocks that Lost the Most This Week. Here is Why Murphy Oil (MUR) Fell This Week Murphy Oil Corporation (NYSE:MUR) is a global independent oil and natural gas exploration and production company. Murphy Oil Corporation (NYSE:MUR) fell after the company announced on January 19 that it had encountered noncommercial quantities of hydrocarbons across multiple intervals in th ...
Sable Offshore (SOC) Fell by Over 10% This Week. Here is Why
Yahoo Finance· 2026-01-28 11:45
The share price of Sable Offshore Corp. (NYSE:SOC) fell by 10.24% between January 16 and January 23, 2026, putting it among the Energy Stocks that Lost the Most This Week. Sable Offshore (SOC) Fell by Over 10% This Week. Here is Why Sable Offshore Corp. (NYSE:SOC) is an independent upstream company focused on developing the prolific Santa Ynez Unit in federal waters offshore California. Sable Offshore Corp. (NYSE:SOC) suffered a blow on January 23 after California’s attorney general, Rob Bonta, filed a ...
STOCKHOLDERS RESOUNDINGLY APPROVE SM ENERGY AND CIVITAS MERGER
Prnewswire· 2026-01-27 21:15
DENVER, Jan. 27, 2026 /PRNewswire/ -- SM Energy Company (NYSE: SM) ("SM Energy") and Civitas Resources, Inc. ("Civitas") (NYSE: CIVI) today announced that the stockholders of both companies voted in favor of all proposals necessary for the closing of the companies' previously announced all-stock merger. The merger is expected to close on January 30, 2026, subject to satisfaction of other customary closing conditions. The combined company will trade as SM Energy.  At the special meeting of SM Energy stockho ...
Analysts See Strong Production Growth for Vista Energy (VIST)
Yahoo Finance· 2026-01-27 12:23
Vista Energy, S.A.B. de C.V. (NYSE:VIST) is one of the 10 Cheap Stocks with Huge Upside Potential. Tasso Vasconcellos, an analyst at UBS, upgraded the stock from a Hold rating to a Buy on January 11. He also raised the firm’s price target for the shares from $50 to $65. His revised price target offers an additional 22.8% upside from current levels. 12 other analysts cover the stock on Wall Street, and they are even more bullish, with a median price target of 39.89%. Vista Energy S.A.B. de C.V. (VIST): Amo ...
Cheap Valuation Means SM Energy (SM) Still Has Upside After Downward Target Price Revisions
Yahoo Finance· 2026-01-27 12:23
SM Energy Company (NYSE:SM) is one of the 10 Cheap Stocks with Huge Upside Potential. Tim Rezvan of KeyBanc reaffirmed his Buy rating on SM Energy Company (NYSE:SM) stock, along with the price target of $28, on January 17. Earlier in the same week, on January 13, RBC Capital analyst Scott Hanold lowered his price target on the stock from $35 to $29. However, the analyst kept his Hold rating on the shares. The analyst explained in a research note that the firm updated its estimates after completing its fina ...
Matador Resources Increases Hedge Position and Provides Updates on 2025 A&D Activity and Improved Well Performance
Businesswire· 2026-01-27 11:30
Core Viewpoint - Matador Resources Company is actively managing commodity price volatility through a disciplined hedging strategy, expanding its Delaware Basin portfolio, and improving operational efficiencies to enhance well performance [1]. Hedging Update - Matador has hedged approximately 35% to 40% of its 2026 oil production using costless collars with a weighted average floor price of $51.72 per barrel and a ceiling price of $65.05 per barrel, aiming to provide downside protection and cash flow visibility while maintaining exposure to higher commodity prices [2]. 2025 A&D Update - In 2025, Matador executed its "brick-by-brick" acquisition strategy, completing over 690 transactions for approximately 17,500 net acres, increasing its total Delaware Basin acreage to 212,500 net acres as of December 31, 2025 [3][4]. - The total consideration for these acquisitions was around $245 million, or $14,000 per net acre, enhancing the immediate value of the assets and improving well economics [4]. - This strategy resulted in the addition of 100 net locations and 23 upside locations, effectively replacing the locations drilled in 2025 [5]. Improved Well Performance and Increased Efficiencies - Matador achieved improved well performance and cost efficiencies through large-scale batch developments, notably a 17-well batch development on the John Callahan unit, which showed recoveries approximately 8% higher than the company-wide average for wells turned-to-sales in 2024 and 2025 [6]. - The average lateral lengths of 10,300 feet and optimized completion operations reduced total well costs by 10% compared to 2024 averages, enhancing well economics even in challenging commodity environments [6].