Accelerate

Newfield Thinking 2017 Ramp-Up in Oklahoma’s SCOOP, STACK

Heading into 2017, Newfield Exploration Co. is preparing to accelerate activity in the Anadarko Basin, going from drilling to hold by production (HBP) to full-field development, the operator told analysts during a conference call Wednesday to discuss 3Q2016 results.

November 2, 2016

Dover Buying Texas Pumper to Expand U.S. Onshore Business

Global equipment manufacturer Dover Corp. is making a deal to buy artificial lift specialist Accelerated Cos. LLC to expand its reach in the U.S. unconventional drilling market.

October 3, 2014
Anadarko’s Onshore Exploration Spending Set to Jump

Anadarko’s Onshore Exploration Spending Set to Jump

Anadarko Petroleum Corp. is setting the wheels in motion to accelerate U.S. onshore drilling following the $2.64 billion cash sale for part of its offshore Mozambique natural gas project.

August 27, 2013

Spectra Urged to Do More to Boost Profitability

Spectra Energy Corp.’s (SE) recent announcement that it would accelerate dropdowns to Spectra Energy Partners (SEP) did not placate activist investor Sandell Asset Management, which has called again for further action and threatened to seek changes to the company’s board.

June 24, 2013

PDC to Accelerate Wattenberg, Utica Development

PDC Energy Inc. completed the sale of its noncore Colorado natural gas assets Tuesday, with the sales proceeds earmarked to accelerate development of its liquid-rich horizontal drilling programs in the state’s Wattenberg Field and Ohio’s Utica Shale.

June 20, 2013

Activist Shareholder Not Appeased by Spectra Dropdown Plan

Spectra Energy Corp.’s (SE) announcement last week that it would accelerate dropdowns to Spectra Energy Partners (SEP) lifted the company’s shares but did not placate activist investor Sandell Asset Management, which Monday called again for further action and threatened to seek changes to the company’s board.

June 18, 2013

Industry Brief

CN, Canada’s national railway, said it plans to accelerate work on a US$33 million project to upgrade a 74-mile section of the Whitehall Subdivision line in Wisconsin. The upgrade between the towns of Wisconsin Rapids and Blair would allow increased car-loading capacity and train velocity for hydraulic fracture (frack) sand suppliers Badger Mining Corp., Preferred Sands of Wisconsin LLC, Atlas Resin Proppants LLC and Taylor Frac LLC. After the upgrade, CN would be able to transport heavier freight cars loaded with frack sand, up to a maximum of 286,000 pounds. CN, which began the work in 2012, plans to complete the project by December 2014, a year ahead of time.

May 30, 2013

Shell in Hunt for New Technologies

Royal Dutch Shell plc said Tuesday it’s ready to invest “several hundred million dollars” in promising technology companies to accelerate innovations that might add value to its operations.

April 3, 2013

Blackstone, LLOG to Accelerate Deepwater Exploration in GOM

LLOG Exploration Co. LLC has formed a long-term partnership with private equity giant Blackstone to accelerate the Covington, LA-based producer’s deepwater operations in the Gulf of Mexico (GOM).

November 15, 2012

Magnum Hunter Grows Reserves, Oil/Liquids Exposure

Magnum Hunter Resources Corp. posted a 51% increase in estimated total proved reserves as of June 30 compared to the year-ago period, the shale-focused producer said.

July 17, 2012
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