Chesapeake Energy Corp. is focused on getting leaner next year with two “front and center” goals of spending within cash flow and keeping optionality in its expansive onshore portfolio by approaching core development through the lens of “big data analytics.”
Mexico’s state-owned oil and natural gas company Petroleos Mexicanos (Pemex) last week all but sealed its financial plans for next year with a bond issue of 450 pounds sterling (US$650 million) just before the Mexican Lower House completed a marathon sitting that submitted the complete 2018 federal budget for final approval by President Enrique Pena Nieto.
Operating efficiencies that allowed earlier than expected turn-in-lines during the third quarter helped Rex Energy Corp. beat guidance for the period and have the company on track to meet its year-end exit rate production growth target of 15-20%. Read More
U.S. unconventional producers SandRidge Energy Inc. and Bonanza Creek Energy Inc. have agreed to merge, building their Rocky Mountain and Midcontinent fortunes in a cash-and-stock transaction valued at close to $750 million. Read More
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