Carolyn Davis

Gasfrac Energy Services Inc. has obtained court approval from Canadian officials to begin a sales process, and it’s gotten an OK from its primary lender to fund ongoing operations into March.

Hess Corp. plans to spend 16% less this year than it did in 2014 for capital expenditures (capex), with most of the unconventional budget directed to Bakken Shale oil reserves and a slice for Utica Shale liquids.

Freeport-McMoRan Inc. (FCX) has deferred activity in a natural gas-rich trend of the shallow waters of the Gulf of Mexico (GOM) and onshore Louisiana in response to current market conditions.

The impacts of falling rigs in North America are having a domino effect along the supply chain, and pressure pumping suppliers are facing what could be an uncertain future as they begin to unveil earnings results.

Energy Transfer Partners LP (ETP) and affiliate Regency Energy Partners LP on Monday agreed to merge in a transaction estimated to be worth $18 billion, creating one of the largest master limited partnerships (MLP) with operations in nearly all major producing areas of the United States.

WPX Energy Inc., one of the largest natural gas producers in the Piceance Basin of Colorado, plans to delay completions on at least 20 drilled wells until “economics improve.”

BP plc, whose largest operations are in North America, is freezing the base pay across its group this year, CEO Bob Dudley said Monday.

Chesapeake Energy Corp. has agreed to pay $119 million to settle a lawsuit in Oklahoma that alleges the producer underpaid natural gas royalties on nearly 12,000 wells over a 10-year period.

The plunge in oil prices, and a lack of support from the natural gas complex, should result in sober forecasts as North America’s producers discuss their expectations for 2015 during upcoming quarterly conference calls. Prognosticators, however, see little reason for optimism until late 2016.