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Core

Barrett CEO Says Company Is ‘Poised for Opportunities to Emerge’

Denver-based Bill Barrett Corp., whose fortunes are tied to the natural gas transportation system out of its core Rocky Mountain operations, is seeing “improving infrastructure” for both gas and liquids, COO Joe Jaggers told financial analysts Tuesday.

February 24, 2010

Barrett CEO Says Company Is ‘Poised for Opportunities to Emerge’

Denver-based Bill Barrett Corp., whose fortunes are tied to the natural gas transportation system out of its core Rocky Mountain operations, is seeing “improving infrastructure” for both gas and liquids, COO Joe Jaggers told financial analysts Tuesday.

February 24, 2010

Fitch Affirms El Paso’s Credit Ratings

Fitch Ratings on Friday gave a thumbs-up to the credit ratings for El Paso Corp. (EP) and its core pipeline and exploration and production (E&P) subsidiaries and said the outlook is “stable.”

November 16, 2009

El Paso’s Credit Ratings Affirmed by Fitch

Fitch Ratings on Friday gave a thumbs-up to the credit ratings for El Paso Corp. (EP) and its core pipeline and exploration and production (E&P) subsidiaries, and said the outlook is “stable.”

November 16, 2009

Pioneer Assesses Eagle Ford Shale, Halts Most Gas Drilling

Dallas-based Pioneer Natural Resources Co. stopped drilling natural gas wells in its core Raton Basin and Midcontinent properties in the first six months of this year, but it continues to test a smattering of potential U.S. gas plays, including the Eagle Ford Shale in South Texas, the company said late Tuesday.

August 6, 2009

AIG to Divest Financial Products, Maintain Core Insurance

The move announced Friday by American International Group Inc. (AIG) to raise cash by selling off assets outside of its core property and casualty insurance businesses raises questions as to whether one of the assets on the block might be the 50% stake held by subsidiary AIG Financial Products Corp.(AIG-FP) in Tenaska Energy’s natural gas marketing companies.

October 6, 2008

AIG to Divest Financial Products, Maintain Core Insurance

The move announced Friday by American International Group Inc. (AIG) to raise cash by selling off assets outside of its core property and casualty insurance businesses raises questions as to whether one of the assets on the block might be the 50% stake held by subsidiary AIG Financial Products Corp.(AIG-FP) in Tenaska Energy’s natural gas marketing companies.

October 6, 2008

Duke Overcomes Higher Fuel Costs, Posts Strong Earnings Gain

Volatile fuel prices and economic uncertainty weren’t enough to keep Duke Energy’s core operations from performing well, the company said in reporting 2Q2008 adjusted diluted earnings of 27 cents/share, up from 24 cents in 2Q2007.

August 6, 2008

Industry Brief

Southwestern Energy Co. has upped its capital spending for 2008 to $1.7 billion from $1.46 billion, with most of the extra funding to be directed at its core leasehold, the Fayetteville Shale. The Houston-based independent also closed its sale of some noncore properties in the Arkansas shale to XTO Energy Corp. (see Daily GPI, April 4). The $518 million in proceeds is expected to fund the higher spending plan this year. Of the $245 million increase in planned capital investments, $153 million is dedicated to the Fayetteville Shale. The company now expects to participate in around 520 wells this year (75% operated), up from a previous guidance of 475 wells. About $30 million of the new capital is slated for more exploration in East Texas, $34 million is for gathering systems for the midstream operations and $28 million is for other projects. Southwestern also has increased its 2008 production guidance to 172 Bcfe from a previous forecast of 168 Bcfe, which would be 50% above its total 2007 production.

May 9, 2008

Fayetteville Shale Pulls Southwestern’s Wagon

Southwestern Energy Co. CEO Harold Korell said Friday that progress in 2007 in the company’s core Fayetteville Shale program and investments in emerging plays across the country have helped to “set the stage” for 30-35% production growth this year.

March 3, 2008
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