Company

Liquefied natural gas (LNG) terminal developer Tellurian Inc. has been marketing LNG from its first proposed terminal and has received “positive feedback” from prospective customers, CEO Meg Gentle said.

National Fuel Gas Co. management on Friday struck an aggravated but determined tone about the New York State Department of Environmental Conservation’s (DEC) decision last month todeny key permits for the Northern Access expansion, saying the company remains committed to the project.

Liquefied natural gas (LNG) export terminal developer NextDecade LLC of The Woodlands, TX, has struck a tentative deal to go public in a reverse merger transaction that values the company at $1 billion.

Once it finishes drilling to hold acreage this year in Ohio and Western Pennsylvania, Rex Energy Corp. said Wednesday it may begin targeting more natural gas liquids (NGL) production in 2018 following a bump in prices during the fourth quarter.

Halliburton Co. CFO Mark McCollum has been tapped to lead Weatherford International plc as president and CEO beginning in April. First Reserve Co-CEO William Macaulay was appointed chairman of the board. Halliburton General Counsel Robb L. Voyles has been named the company’s interim CFO. McCollum became Halliburton’s financial chief in 2008, but he stepped aside briefly in 2015 to become chief integration officer during the failed takeover bid of Baker Hughes Inc. “I am excited to join the company at such an important time,” McCollum said. “I look forward to working with the team to build a stronger and healthier Weatherford with a clear purpose and vision for the future.” Weatherford has cut its ties with interim CEO and former CFO Krishna Shivram, who was widely praised after assuming leadership when Bernard J. Duroc-Danner retired in November. Until McCollum comes aboard, Weatherford CFO Christoph Bausch will serve as acting CEO. “I would like to take this opportunity to thank Krishna for his contributions to the company and his years of service at Weatherford,” Macaulay said. “Krishna was instrumental in helping us through this transition process while setting the company on the right path forward. The entire Weatherford family wishes him well in his future endeavors.”

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.

TransCanada Corp. is looking to sell interest in two northeast pipelines to TC PipeLines LP, its affiliated master limited partnership (MLP), the company announced Monday.

Cabot Oil & Gas Corp. said Friday that improving well results and a better commodity price outlook have prompted it to increase spending this year in both the Marcellus and Eagle Ford shales.

One month after announcing it would expand its position in the Eagle Ford Shale, Sanchez Energy Corp. on Wednesday laid out plans for 2017 to boost its capital expenditures (capex) budget and tackle the acquisition’s complement of drilled but uncompleted (DUC) wells.