Bcfe

SM Energy Co. and a unit of Japan’s Mitsui & Co. Ltd. have struck a drilling carry agreement in the Eagle Ford Shale that is worth $680 million to the Denver-based producer and is part of its sell-down in the South Texas play. Mitsui, which already has a Marcellus Shale stake, recently announced a deal in Poland, where it said it plans to apply shale lessons learned in the United States.

To fund increased drilling in core areas of the Marcellus Shale and Piceance Basin, Antero Resources has added $126 million to its capital budget for 2011.

The North American shales have been good to Devon Energy Corp. as evidenced by the company’s strong 3Q2010 earnings revealed this week. The Oklahoma City-based exploration and production (E&P) company said it set new quarterly production records in both its Barnett and Cana-Woodford shale plays.

Southwestern Energy Co., anchored by its massive natural gas production machine in the Fayetteville Shale, on Friday said gas and crude oil output reached 90 Bcfe in the first three months of this year, a 41% jump from the year-ago period.

Southwestern Energy Co., anchored by its massive natural gas production machine in the Fayetteville Shale, on Friday said gas and crude oil output reached 90 Bcfe in the first three months of this year, a 41% jump from the year-ago period.

Chesapeake Energy Corp.’s production averaged 2.48 Bcfe/d in 3Q2009, up 7% from the 2.32 Bcf/d produced a year earlier, the company said Thursday. Average daily production consisted of 2.286 Bcf of natural gas and 32,902 b/d of oil and natural gas liquids.

Accelerating efforts to slice more debt off its books, Calpine Corp. on Wednesday agreed to sell all of its domestic oil and natural gas assets — 383 Bcfe — to an indirect subsidiary for $1.05 billion. The sale is scheduled to close July 7.

Denver-based Gasco Energy reported record-breaking production volumes for 2Q2007 of 1.1 Bcfe, which was 8% higher sequentially than in 1Q2007 and 30% above 2Q2006. However, with none of its production protected by hedging, the price differentials for Rocky Mountain natural gas played havoc with the company’s balance sheet and sent it to a loss for the quarter.

Denver-based Gasco Energy on Thursday reported record-breaking production volumes for 2Q2007 of 1.1 Bcfe, which was 8% higher sequentially than in 1Q2007 and 30% above 2Q2006. However, with none of its production protected by hedging, the price differentials for Rocky Mountain natural gas played havoc with the company’s balance sheet and sent it to a loss for the quarter.