U.S. Delay Postpones Nexen-CNOOC Closing for 30 Days

Nexen Inc. and CNOOC Ltd. have pushed back by 30 days the completion of the Canadian company’s C$15.1 billion takeover by the arm of state-controlled China National Offshore Oil Co.

January 29, 2013

Hedge Fund Seeks Ouster of SandRidge Energy Board

Hedge fund TPG-Axon Capital, one of SandRidge Energy’s largest investors, continues to push for changes at the Oklahoma City-based exploration and production company, calling for the replacement of SandRidge’s entire board of directors.

December 27, 2012
Range’s 2013 Capex Targets Marcellus, Mississippian Lime

Range’s 2013 Capex Targets Marcellus, Mississippian Lime

Range Resources Corp. expects to spend about 85% of its $1.3 billion 2013 capital expenditures (capex) budget on liquids-rich and oil projects, predominately in wet areas of the Marcellus Shale and through horizontal drilling in the Mississippian Lime, the Fort Worth, TX-based company said Wednesday.

December 13, 2012

Consol, EQT Only Bidders for Allegheny Airports NatGas Lease

Consol Energy Inc. and EQT Corp. were the only companies to submit bids for leases to drill for natural gas on 9,263 acres at Pittsburgh International Airport and Allegheny County Airport just outside of the city, according to the Allegheny County Airport Authority (ACAA).

December 7, 2012
Continental Buying in the Bakken, Selling Noncore Conventional Assets

Continental Buying in the Bakken, Selling Noncore Conventional Assets

Continental Resources Inc. has signed separate agreements to buy producing and undeveloped properties in the Bakken Shale for $650 million, and to sell land and assets in its east region for $125 million.

November 12, 2012

Rex Energy Brings First Ohio Utica Well Online

Rex Energy Corp., which expanded its operations in Ohio’s Utica Shale earlier this year, said Wednesday it was pleased with the initial production results from its first Ohio Utica Shale well.

September 28, 2012

Chesapeake Drops More Gas Rigs, Boosts Liquids

Chesapeake Energy Corp., which has spent the last decade creating one of the largest natural gas drilling machines in the United States, quickly is becoming an onshore liquids dynamo, CEO Aubrey McClendon told financial analysts Tuesday.

August 8, 2012

DCP Midstream Inks Eagle Ford Deal

DCP Midstream LLC has struck long-term agreements with Pioneer Natural Resources USA Inc., Reliance Eagleford Upstream Holding LP and Newpek LLC (combined known as Pioneer JV) to provide midstream services to handle liquids-rich production from the Eagle Ford Shale in South Texas.

January 24, 2011