Driven by drilling and completion efficiency gains in the Permian's Delaware sub-basin and in the Midcontinent during the first half of the year, Devon Energy Corp. is trimming its 2017 capital expenditure (capex) budget by $100 million, reflecting an emphasis on returns over growth. Read More
Midcontinent oil and natural gas activity, including in Colorado, Oklahoma and Wyoming, slowed during the second quarter, according to a survey of energy operators by the Federal Reserve Bank of Kansas City.
Efforts to manage the potential risk for oilfield activity-induced earthquakes in Oklahoma are starting to pay off, state geological and regulatory officials said Tuesday, while acknowledging that additional research is needed for what is a continuing conundrum.
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