After

Marcellus Is Still Golden Child Among Cabot’s Plays

Despite a year of languishing natural gas prices, Cabot Oil & Gas Corp. annual revenues for the first time surpassed $1 billion in 2012. Cash flow set records as proved reserves grew by 27% to 3.8 Tcf on organic growth that replaced 417% of record production. The Marcellus Shale gave much despite infrastructure challenges.

February 25, 2013

Battle for SandRidge Board of Directors Renewed

The war of words between Oklahoma City-based SandRidge Energy Inc. and hedge fund TPG-Axon Capital, one of the exploration and production (E&P) company’s largest investors, was renewed this week, with both sides appealing to SandRidge shareholders for support.

February 21, 2013

Trucker Killed in Storage Tank Explosion at EQT Well in West Virginia

A tanker truck driver was killed after a storage tank at an EQT Corp. natural gas well in West Virginia exploded on Friday morning.

February 19, 2013

Apache Feeling the Love in Permian, Midcontinent

Apache Corp. is taking no prisoners in the Permian Basin nor in the Midcontinent after building output from the combined regions by almost 24% in 2012 from 2011. By themselves, the two regions represented 25% of total global production at 197,000 boe/d.

February 18, 2013

Offshore Drillers’ Reinvestment Coming at Opportune Time

Following a turbulent period in the Gulf of Mexico after the Macondo well blowout in April 2010, offshore drilling companies have rebounded and are outperforming the top land service providers, according to IHS Inc.

February 4, 2013

Offshore Reinvestment Coming at Opportune Time

Following a turbulent period in the Gulf of Mexico after the Macondo well blowout in April 2010, offshore drilling companies have rebounded and are outperforming the top land service providers, according to IHS Inc.

February 4, 2013

Penn Virginia Grows Proved Oil, NGL Reserves

Six months after selling its Appalachian Basin portfolio to focus on the oily Eagle Ford Shale, Penn Virginia Corp. (PVA) said its operations in the latter were moving forward while proved reserves of oil and natural gas liquids (NGL) had increased during 2012.

January 31, 2013

Utah Gas Blowout Taking Time to Extinguish

A natural gas well in Utah owned by Devon Energy Corp., which apparently caught fire just after midnight Tuesday, may take up to a week to extinguish, said authorities.

January 24, 2013

Denbury Buys ConocoPhillips’ Cedar Creek Anticline Portfolio

ConocoPhillips is selling a package of properties in the Cedar Creek Anticline (CCA) of North Dakota and Montana to Denbury Resources Inc. for $1.05 billion cash.

January 16, 2013

Nova Chemicals Sourcing Marcellus Ethane for Sarnia Complex

After a year of jumping through regulatory hoops, Canada’s biggest and oldest petrochemical complex is poised to become a customer for exports of U.S. shale gas and liquids production.

January 14, 2013
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