Costs

WPX Energy Inc. is loosening the reins in the Williston Basin with an eye on resuming completions and raising the rig count to three from one before year’s end.

WPX Energy Inc. is loosening the reins in the Williston Basin with an eye on resuming completions and raising the rig count to three from one before year's end.

The sharp decline in oilfield service (OFS) costs and a focus by explorers on the best drilling locations may mitigate the drastic drop in commodity prices and improve the bottom line for the exploration and production (E&P) sector, according to experts.

The sharp decline in oilfield service (OFS) costs and a focus by explorers on the best drilling locations may mitigate the drastic drop in commodity prices and improve the bottom line for the exploration and production (E&P) sector, according to experts.

Chevron Corp. plans to curtail new investments for the next two years and boost its asset sales plans as low oil prices squeeze cash flow for the second-largest U.S.-based producer.

PJM Interconnection LLC is upgrading its cost schedule functionality so natural gas-fueled power generators can better know their costs when offering power to the system. The change goes live Monday (Feb. 23).

An unprecedented level of uncertainty exists for North America’s upstream sector this year, but upside exists for operators to trim service costs, high grade their portfolios and improve efficiencies, according to Wood Mackenzie Ltd.

Quebec’s public utilities board has thrown its weight behind distribution company demands for national protection against the costs of TransCanada Corp.’s proposed Energy East partial conversion of its natural gas Mainline to oil service.

A new proposal amending a settlement between a group of Pennsylvania landowners and Chesapeake Energy Corp. that’s been tied up in federal court for more than a year now would find the company paying $3.5 million more than originally agreed if approved by a judge.