Commodity Prices

BCE-Mach III Grows Natural Gas Footprint in Anadarko as Prices Rise

BCE-Mach III Grows Natural Gas Footprint in Anadarko as Prices Rise

Anadarko Basin-focused BCE-Mach III LLC is beefing up its natural gas-weighted assets with a deal to add 18,200 net acres and 17 MMcfe/d to its portfolio amid high commodity prices.  The company, a partnership of Houston-based Bayou City Energy Management LLC and Oklahoma City-based Mach Resources LLC, said this week it recently closed on the…

September 10, 2021
Montney Producer Advantage Energy Boosts Capex to Accelerate Drilling

Montney Producer Advantage Energy Boosts Capex to Accelerate Drilling

Montney Shale producer Advantage Energy Ltd. is seeking to boost oil and natural gas output this winter after raising its capital spending target for 2021 amid improved commodity prices. The Calgary-based company said it was raising its capital guidance by $20 million to a range of $140 million-$150 million. Advantage plans on using the extra…

September 3, 2021
TotalEnergies Gains on Rebound in 2Q, as Natural Gas Prices Climb 28%

TotalEnergies Gains on Rebound in 2Q, as Natural Gas Prices Climb 28%

TotalEnergies SE benefited from a rebound in commodity prices in the second quarter as earnings came in above pre-Covid 19 levels during the same period in 2019. The French supermajor said international oil and natural gas markets climbed 13% and 28%, respectively, sequentially in 2Q2021. The integrated gas, renewables and power segment also continued to…

July 30, 2021
U.S. E&Ps Improving Efficiencies, Cash Flow Heading Into 2020

U.S. E&Ps Improving Efficiencies, Cash Flow Heading Into 2020

Editor’s Note: This is one of a 14-piece series NGI undertook as the energy industry readied for the new year, with Lower 48 natural gas and oil supply continuing to surge in an uncertain environment as liquefied natural gas exports ramp up, Mexico markets remain shrouded and stakeholders demand more value. Get your complimentary copy of NGI’s 2020 Special Report today.

November 27, 2019
Hurricanes Mar Anadarko Output, but ‘Three D’ Onshore Strategy Shines

Hurricanes Mar Anadarko Output, but ‘Three D’ Onshore Strategy Shines

An unusually active hurricane season and volatile commodity prices bit into Anadarko Petroleum Corp.’s oil and gas sales volumes during the third quarter, but double-digit production gains from its three Ds — deepwater Gulf of Mexico (GOM), Denver-Julesburg (DJ) Basin and the Permian Basin’s Delaware — proved their mettle, CEO Al Walker said Wednesday.

November 1, 2017