Southwestern Energy Co. said it will spend slightly less next year in the Fayetteville Shale while it nearly doubles spending in the Marcellus Shale in Pennsylvania. Overall, Southwestern’s 2012 capital program is pegged at $2.3 billion, up from about $2.1 billion in 2011. Production is expected to climb about 15% from this year.
Collars
Articles from Collars
Eagle Ford Is Centerpiece of Rosetta Spending
Rosetta Resources Inc. will be dropping more than 90% of its $640 million 2012 capital budget in the Eagle Ford Shale of South Texas, the Houston-based company said last week.
December 19, 2011
Barnett, Horn River Boost Quicksilver Q1 to Record
Quicksilver Resources Inc. set a production record in the first quarter, thanks mainly to the company’s Barnett Shale and Horn River activities. However, the company posted a net loss for the quarter due to one-time items and lower natural gas prices.
May 10, 2011
Norsk Hydro Locks In Prices for Spinnaker’s Production for Next 3 Years
Olso, Norway-based Norsk Hydro said Monday that it locked in price collars on the majority of Spinnaker Exploration’s oil and gas production for the next three years. Spinnaker’s shareholders will vote next month on whether to approve a proposed $2.56 billion buyout by Hydro, which expects to conclude the acquisition immediately after the shareholder vote (see Daily GPI, Sept. 20).
November 22, 2005
Cabot Hedges 51% of Gas Production
Houston-based Cabot Oil & Gas reported yesterday it hasinitiated hedges in the form of “costless collars” covering 97,000MMBtu/d of its natural gas production for the period from February2001 through October 2001.
January 5, 2001
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