Nabors Industries Ltd., North America’s largest onshore drilling contractor, expects operating results in the second quarter to fall below Wall Street expectations, primarily because of a slump in pressure pumping services and higher operations costs. To improve efficiencies, the company plans to consolidate its U.S. well servicing and pressure pumping operations.
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ExxonMobil Exits Barnett Shale
A deal announced last week marks the exit of ExxonMobil Corp. from the prolific Barnett Shale gas play and the further accumulation of Barnett assets by Chesapeake Energy Corp., which has become a leading North American gas shale player.
October 6, 2008
ExxonMobil Barnett Assets Passed to Chesapeake by Harding Energy
A deal announced this week marks the exit of ExxonMobil Corp. from the prolific Barnett Shale gas play and the further accumulation of Barnett assets by Chesapeake Energy Corp., which has become a leading North American gas shale player.
October 3, 2008
With Shale Backbone, XTO on Pace to Double Gas Output in 4 Yrs.
XTO Energy Inc.’s massive accumulation of natural gas properties in producing shale basins across the United States should allow it to double its gas production by the end of 2011 and could lift the independent to the top of the heap among domestic gas producers, CEO Bob Simpson said last week.
July 28, 2008
With Shale Backbone, XTO on Pace to Double Gas Output Over Four Years
XTO Energy Inc.’s massive accumulation of natural gas properties in producing shale basins across the United States should allow it to double its gas production by the end of 2011 and should put the independent at the top of the heap among domestic gas producers, CEO Bob Simpson said Tuesday.
July 23, 2008
Chesapeake Buys 265 Bcfe of Reserves in North Louisiana for $425M
Continuing its rapid accumulation of producing properties, Chesapeake Energy on Tuesday announced it had paid $425 million for privately-held Greystone Petroleum LLC, which owns 214 Bcfe of proved reserves and 16,100 gross acres of leasehold in the Sligo Field in Bossier Parish, LA. The field has produced 1.6 Tcfe of gas.
October 27, 2004
Chesapeake Buys 265 Bcfe of Reserves in North Louisiana for $425M
Continuing its rapid accumulation of producing properties, Chesapeake Energy on Tuesday announced it had paid $425 million for privately-held Greystone Petroleum LLC, which owns 214 Bcfe of proved reserves and 16,100 gross acres of leasehold in the Sligo Field in Bossier Parish, LA. The field has produced 1.6 Tcfe of gas.
May 17, 2004
Western Selling Jonah Field Interest
Western Gas Resources’ production subsidiary Lance Oil & Gasis offering for sale a working interest in the Jonah Field, a largebasin-centered gas accumulation in the northwest portion of theGreen River Basin in southwest Wyoming. Western intends to retainall of its gathering and processing rights in the area following asale.
December 14, 1998
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