Allocate

More to SM Energy than Eagle Ford

Around the middle of the year, SM Energy Co. management will have a clearer picture of how to allocate spending among a number of opportunities as it targets annual production growth of 15-20% over the next three years, executives said during a conference call Wednesday.

May 6, 2013

SM Energy’s Eagle Ford Matures as New Ventures Eyed

Around the middle of the year, SM Energy Co. management will have a clearer picture of how it will allocate its spending among a number of opportunities as it targets annual production growth of 15-20% over the next three years, executives said during a conference call Wednesday.

May 2, 2013
PDC Spotlighting Colorado’s Codell Formation

PDC Spotlighting Colorado’s Codell Formation

PDC Energy wells in the Codell formation of Colorado’s Wattenberg Field are outperforming those in the Niobrara, and the independent plans to drill as many Codell horizontal wells as Niobrara horizontals this year, company officials said during an analyst day conference in New York Thursday.

April 8, 2013

Big U.S. Producers Target Deepwater, Onshore in 2012

Chevron Corp., the second largest U.S. oil and natural gas company, plans to allocate $32.7 billion for its capital and exploratory budget in 2012 — $2 billion higher than originally planned — mostly to fund upstream developments in the deepwater Gulf of Mexico (GOM) and two huge liquefied natural gas (LNG) projects in Australia.

December 12, 2011

Chevron Opens Pocketbook for Deepwater, LNG in 2012

Chevron Corp., the second largest U.S. oil and natural gas company, plans to allocate $32.7 billion for its capital and exploratory budget in 2012 — $2 billion higher than originally planned — mostly to fund upstream developments in the deepwater Gulf of Mexico (GOM) and two huge liquefied natural gas (LNG) projects in Australia.

December 12, 2011

Marcellus Straining Housing Stock, Study Finds

Pennsylvania must begin to take steps to protect average homeowners from rising housing costs and rental rates in the Marcellus Shale region, according to a new study.

November 29, 2011

Questar’s Gas Output Up 7% — Even with Curtailments

Questar Corp.’s decision to allocate 40% of this year’s exploration and production (E&P) capital spending to the Haynesville Shale and 40% to the Pinedale Anticline proved its worth in 2Q2009, with Midcontinent output jumping 16% and Pinedale production up 13% from the year-ago period. Beyond E&P, Questar’s diversified assets demonstrated they were “relatively insensitive” to lower commodity prices, handing the company a distinct competitive advantage, said CEO Keith O. Rattie.

August 3, 2009

Questar’s Gas Output Up 7% — Even with Curtailments

Questar Corp.’s decision to allocate 40% of this year’s exploration and production (E&P) capital spending to the Haynesville Shale and 40% to the Pinedale Anticline proved its worth in 2Q2009, with Midcontinent output jumping 16% and Pinedale production up 13% from the year-ago period. Beyond E&P, Questar’s diversified assets demonstrated they were “relatively insensitive” to lower commodity prices, handing the company a distinct competitive advantage, said CEO Keith O. Rattie.

July 30, 2009

Industry Briefs

Dallas-based EXCO Resources Inc. has approved a $123 million increase to its 2008 capital budget, which brings total capital spending for 2008 to $923 million. EXCO will allocate $90 million to explore its Haynesville Shale acreage in northwestern Louisiana. EXCO has more than 100,000 net acres in the Haynesville play, and it is planning to drill both horizontal and vertical wells and develop infrastructure to support future growth. Another $30 million will be used for additional drilling in the Vernon Field in Louisiana, $2 million will go for more drilling in its Cotton Valley acreage in Texas and about $1 million will be used for information technology initiatives. This revised 2008 capital spending budget is expected to be fully funded through internally generated funds.

May 19, 2008

Transportation Notes

Due to delays in construction activities at the Sublette (KS) Compressor Station, Northern Natural Gas will allocate the PEPL/NNG Sublette South interconnect with Panhandle Eastern to zero Friday. A return to normal operation is expected Saturday.

July 13, 2007
‹ Previous 1 2