Concentrate

Halcon Jumps Into Northern Eagle Ford with Australian Explorer

Australia’s Austin Exploration Ltd. has struck an agreement for Houston-based Halcon Resources Corp. to participate in its Birch Project in the northeastern Eagle Ford Shale. Halcon’s founders are Eagle Ford veterans, having pioneered the play with a previous company.

August 1, 2013

Capital Intensity Rising in U.S. Onshore

The transition to oil from lower-cost dry natural gas targets by the exploration and production (E&P) industry now is complete, with operators more able to concentrate on drilling efficiencies and the higher capital outlays required, according to Canaccord Genuity.

May 20, 2013
In Shift to Oil from NatGas, Onshore ‘Capital Intensity’ Rising

In Shift to Oil from NatGas, Onshore ‘Capital Intensity’ Rising

The transition to U.S. oil targets by the exploration and production (E&P) industry now is complete, with operators more able to concentrate on drilling efficiencies and the higher capital outlays required, according to Canaccord Genuity.

May 16, 2013

Oxy Focus: Cost-Cutting, Margin Growth, Oil in 2013

With U.S. natural gas prices still the “great uncertainty,” Los Angeles-based Occidental Petroleum Corp. (Oxy) is undertaking a cost-cutting program designed to increase margin while it continues to emphasize oil production growth over natural gas in its domestic U.S. plays, CEO Steve Chazen said Thursday during a 4Q2012 conference call. He reported lower quarter-over-quarter results related to a one-time Midcontinent natural gas assets impairment charge.

February 4, 2013

Oxy Focus: Cost-Cutting, Margin Growth, Oil in 2013

With U.S. natural gas prices still the “great uncertainty,” Los Angeles-based Occidental Petroleum Corp. (Oxy) is undertaking a cost-cutting program designed to increase margin while it continues to emphasize oil production growth over gas in its domestic U.S. plays, CEO Steve Chazen said Thursday.

February 4, 2013
Range’s 2013 Capex Targets Marcellus, Mississippian Lime

Range’s 2013 Capex Targets Marcellus, Mississippian Lime

Range Resources Corp. expects to spend about 85% of its $1.3 billion 2013 capital expenditures (capex) budget on liquids-rich and oil projects, predominately in wet areas of the Marcellus Shale and through horizontal drilling in the Mississippian Lime, the Fort Worth, TX-based company said Wednesday.

December 13, 2012

Marathon Evaluating Sale of GOM Stakes

Marathon Oil Corp., which recently completed the spinoff of its refining arm to concentrate on exploration and production, is evaluating whether to sell some of its interests in the Gulf of Mexico (GOM), a spokesperson confirmed Wednesday.

October 6, 2011

Penn Virginia Trims Spending, Focusing on Oily Onshore Plays

Onshore unconventional natural gas producer Penn Virginia Corp. said Friday it will concentrate its exploration activities in oily and liquids-rich plays in 2011 and will spend 40% less than it did this year because of a “weak natural gas price environment and outlook.”

December 20, 2010

BP Prioritizes Thunder Horse, Atlantis GOM Projects

BP plc, the largest acreage holder in the deepwater Gulf of Mexico (GOM), will postpone some of its big projects offshore to concentrate on completing the long-delayed Thunder Horse and Atlantis subsea structures.

September 17, 2007

BP Said to Prioritize Thunder Horse, Atlantis GOM Projects

BP plc, the largest acreage holder in the deepwater Gulf of Mexico (GOM), will postpone some of its big projects offshore to concentrate on completing the long-delayed Thunder Horse and Atlantis subsea structures, the Financial Times (FT) reported late Wednesday.

September 14, 2007
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