Welcome to our dedicated page for Highpeak Energy，Inc news (Ticker: HPK), a resource for investors and traders seeking the latest updates and insights on Highpeak Energy，Inc stock.
HighPeak Energy, Inc. reports recurring developments for an independent crude oil and natural gas exploration and production company focused on the Midland Basin in West Texas. News commonly covers quarterly operating results, crude oil and liquids production, drilling and turn-in-line activity, lease operating expenses, capital expenditures, and free cash flow.
Company updates also address annual guidance, capital budgets, debt and liquidity actions, commodity-price exposure, investor conference participation, and governance or management changes. HighPeak’s disclosures center on development, exploration, and exploitation of oil and natural gas reserves, with crude oil sales representing a core revenue driver.
HighPeak Energy, Inc. (NASDAQ: HPK) announced significant updates on June 24, 2021, including an increase in its borrowing base to $125 million and an expected addition to the Russell 2000 and Russell 3000 indexes on June 28, 2021. Key highlights include a 10-year solar agreement projected to reduce over 100,000 metric tons of CO2, production surpassing 10,000 Boe/d in June, and plans to add a second drilling rig. The company also hedged 2,500 barrels of oil per day at an average price of $62.41 per barrel.
HighPeak Energy, Inc. (NASDAQ: HPK) announced strong first quarter 2021 results, reporting a net income of $4.7 million and EBITDAX of $20.1 million. The company achieved record production of 5,290 Boe/d, a 270% increase year-over-year. Realized prices averaged $54.01 per Boe, alongside a cash operating margin of $45.83 per Boe. Key operational advancements included drilling six wells in the Flat Top area and entering long-term contracts with Delek US Holdings for oil gathering. The company ended the quarter with zero debt and $9.6 million in cash.
HighPeak Energy, Inc. (NASDAQ: HPK) has announced plans to release its first quarter 2021 financial results after market close on May 17, 2021. A conference call for investors and analysts will occur on May 18, 2021, at 10:00 a.m. Central Time. Participants can join by phone or access a live webcast on the company's website. HighPeak Energy focuses on the acquisition and development of oil and natural gas reserves in the Midland Basin, Texas.
Summary not available.
HighPeak Energy, Inc. (NASDAQ: HPK) announced its financial and operational results for Q4 and full year 2020, following its business combination in August 2020. The company reported a 96% increase in proved reserves to 22.5 MMBoe, with a cash operating margin of $29.21 per Boe. Average production surged 386% YoY to 3,332 Boe/d, reaching approximately 7,800 Boe/d in mid-March 2021. The company aims for a 480% production increase for 2021, with capital expenditures between $135 million and $150 million to drill 20 to 24 wells. HighPeak emphasizes its low-cost structure and ESG commitments.
HighPeak Energy, Inc. (NASDAQ: HPK) announced it will release its fourth quarter 2020 and full year financial results on March 15, 2021, post-market close. A conference call will follow on March 18, 2021, at 10:00 a.m. Central Time, to discuss the results and provide insights into recent activities and its 2021 operating plan. Interested parties can participate via phone or attend a live webcast on the HighPeak Energy website. The company focuses on the acquisition and development of oil and natural gas in the Midland Basin, Texas.
HighPeak Energy reported a 96% increase in proved reserves to 22.5 MMBoe by year-end 2020, comprising 84% oil, 6% natural gas, and 10% natural gas liquids. Proved developed reserves rose 107% to 10.3 MMBoe, with a PV-10 value of $235 million, up 67% from 2019. Despite the capital program suspension for half of 2020, production increased from 3,300 to over 6,000 barrels equivalent per day. The company aims to boost production with additional horizontal wells and has reduced drilling costs.
HighPeak Energy (NASDAQ: HPK) reported its third-quarter results for 2020, highlighting a net loss of $11.5 million or $0.13 per diluted share. The company raised $102 million through a business combination, resulting in 91.5 million shares outstanding. Production resumed in late July 2020, averaging 3,200 BOE per day. HighPeak initiated completion activities on twelve drilled uncompleted wells and began a one-rig drilling program. The company ended the quarter with $54.9 million in cash and no debt, aiming to exceed 10,000 BOE per day production by early 2021.
HighPeak Energy, Inc. (NASDAQ: HPK) has announced the upcoming release of its third quarter 2020 operational and financial results, which will take place after the market closes on Monday, November 9, 2020. The company, located in Fort Worth, Texas, is focused on the acquisition and development of unconventional oil and natural gas reserves in the Midland Basin of West Texas. This release is expected to provide insights into the company's financial health and operational performance during the quarter.