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Capital

Enbridge Simplifies by Acquiring Three Entities, Including Pipeline Partnership

Calgary-based Enbridge Inc., following a route by other North American pipeline operators, on Tuesday agreed to acquire the remaining stakes in three North American units for about $7 billion, bringing all of its natural gas and liquids assets under one umbrella.

September 18, 2018

Noble Energy Shifting Some Permian Capital as Bottlenecks Take Toll

Houston-based super independent Noble Energy Inc. is cutting back on planned well completions in the Permian Basin and shifting some capital to adjust for a lack of takeaway capacity.

August 6, 2018

Rex Energy to Cut Spending in Appalachia

Rex Energy Corp. plans to cut its capital expenditures significantly this year as it continues to explore options for repairing its balance sheet.

April 17, 2018
More E&Ps Expected to Achieve Free Cash Flow in 2018 Despite ‘Death of Cheap Money’

More E&Ps Expected to Achieve Free Cash Flow in 2018 Despite ‘Death of Cheap Money’

An evolving strategic focus on capital discipline by U.S. onshore exploration and production (E&P) companies that began quietly within the last couple of years is expected to become far more widespread in 2018, with nearly half of a sampled group of independent producers — mostly in the Permian Basin — generating free cash flow (FCF) in 2018, according to BTU Analytics.

February 26, 2018
More Capital Discipline Should Compel Investors to Rethink E&P Valuations, Says Raymond James

More Capital Discipline Should Compel Investors to Rethink E&P Valuations, Says Raymond James

The onshore exploration and production (E&P) industry is tightening up, tilting toward more capital discipline and free cash flow (FCF), which could give investors pause in how they value the group, according to an analysis by Raymond James & Associates.

January 8, 2018
U.S. E&Ps Seen Raising 2018 Capex by 15%, with Canadian Spend 9% Higher, Says Evercore

U.S. E&Ps Seen Raising 2018 Capex by 15%, with Canadian Spend 9% Higher, Says Evercore

A pivotal year awaits exploration and production (E&P) companies worldwide, with capital spending on course to increase 7% overall, led by a 15% gain in U.S. onshore-weighted budgets, according to Evercore ISI’s annual survey.

December 13, 2017

Anadarko Gearing 85% of 2018 Capex to U.S. Onshore, Deepwater GOM

Anadarko Petroleum Corp. is taking another big bet on the U.S. onshore and deepwater during 2018, earmarking 85% of its planned $4.2-4.6 billion capital investments to domestic programs.

November 16, 2017

EOG Focusing on ‘High-Return’ Oil Assets, to Grow Volumes 18% This Year

Houston-based EOG Resources Inc. plans to grow overall company crude oil volumes by 18% this year while keeping spending and dividends within cash flow at a $50/bbl average oil price, the company said.

February 28, 2017
U.S. E&Ps Again Tracking to Overspend, Toss Capital Discipline

U.S. E&Ps Again Tracking to Overspend, Toss Capital Discipline

Old habits die hard, and for exploration and production (E&P) companies long inclined to overspend, a commitment to curb outlay to align with cash flow may go out the window as they contend with higher prices for equipment and services, increasing labor shortages and peer pressure to build volumes.

February 10, 2017

Eclipse Planning More Utica Super Laterals This Year

Ohio pure-play Eclipse Resources Corp. plans to significantly increase its capital spend this year, guiding for a $300 million budget that builds on the lessons it learned last year and includes 11 super laterals — wells with extensions of 15,000 feet or longer.

February 8, 2017