Freeport-McMoRan Inc.'s (FCX) lofty goal to expand its oil and natural gas exploration unit has fallen to earth with a thud after the company announced another piece of its portfolio is being sold: the onshore California oil and natural gas properties. Read More
The free cash flow generated by Anadarko Petroleum Corp.'s $2 billion-plus purchase of the Freeport McMoRan Inc. (FCX) Gulf of Mexico (GOM) portfolio will be a catalyst to increase spending and the rig count in the Permian and Denver-Julesburg (DJ) basins, CEO Al Walker said Tuesday. Read More
Freeport-McMoRan Inc. continues to pull back on oil and gas activity and focus on its core mining business, selling assets and canceling $1.1 billion in drilling contracts in the second quarter. Read More
Freeport-McMoRan Inc., which spent more than $9 billion in late 2012 to build its U.S. oil and natural gas business, on Tuesday said the executive management team of its exploration and production arm has been sacked. Read More
Fresh from the Aliso Canyon natural gas storage leak, Los Angeles now is contending with continuing concerns about a Freeport McMoRan Inc. wellsite that has been reactivated adjacent to a environmental studies magnet school southwest of downtown. Read More
Freeport-McMoRan Inc. (FCX), which for months has been eyeing strategic options for its U.S.-focused oil and gas business, said Wednesday it has suspended its dividend and is dropping deepwater rigs in the Gulf of Mexico (GOM) to cope with deteriorating market conditions. Read More
Under increasing criticism for being too soft on oil and natural gas operators, California regulators on Monday ordered the exploration unit of Freeport-McMoRan Corp. to provide additional data on the Inglewood Oilfield in the greater Los Angeles area.
Freeport-McMoRan Inc., which made a $9 billion bet only three years ago to pump up its natural gas and oil business, has split the board of directors to prepare for a public offering, spinoff or joint venture for the bleeding enterprise. Read More
Natural Gas Intelligence (NGI), is a leading provider of natural gas, shale news and market information for the deregulated North American natural gas industry. Since the first issue of Natural Gas Intelligence was published in 1981, NGI has provided key pricing and data relied upon daily by thousands of industry participants in the U.S, Canada and Mexico as well as Central and South America, Europe and Asia.