California’s Occidental Petroleum Corp. (Oxy) is eyeing 7 billion bbl of reserves from the Monterey Shale and other projects in the state, the management team said Tuesday.
Articles from 2Q2013
Halcon Resources Corp. said it has acquired more than 50,000 net acres of leasehold in an Eagle Ford Shale play in East Texas, and plans to eventually triple its presence and invest $100 million there this year.
North American oilfield services activity in the first three months of this year has been less promising than expected, according to Schlumberger Ltd. CEO Paal Kibsgaard.
Anadarko Petroleum Corp. has begun building the Brasada Gas Plant in La Salle County, TX, which is expected to come online in 2Q2013 with initial capacity to process up to 200 MMcf/d of liquids-rich natural gas from the Maverick Basin, where the company operates on about 400,000 gross acres.