Shale plays figured prominently in the third quarter performance of Denver-based QEP Resources as the company grew production by about 20% from the year-ago period.
Debt
Articles from Debt
Analysts Say They Won’t Love Gas ‘For Good, Long While’
A plethora of natural gas shale deposits, persistently high rig counts, hedging and available debt capacity have stifled domestic natural gas prices for possibly three years, analysts at Tudor, Pickering, Holt & Co. (TPH) said Tuesday.
‘We Need More Sellers,’ Trader Says; June Eases 2.2 Cents
June natural gas futures suffered only minor bumps and bruises Wednesday as concerns over European debt levels dragged stock markets and petroleum markets down further.
EOG Cuts Spending; Chevron Warns on Earnings
EOG Resources Inc.’s 2009 capital spending will be cut to “approximate its cash flow” to ensure that it ends the year at the same debt level as year-end 2008, the producer said in a regulatory filing.
EOG Cuts Spending; Chevron Warns on Earnings
EOG Resources Inc.’s 2009 capital spending will be cut to “approximate its cash flow” to ensure that it ends the year at the same debt level as year-end 2008, the producer said in a regulatory filing.
Calpine’s Domestic Gas, Oil Reserves Fetch $1.05B
Accelerating efforts to slice more debt off its books, Calpine Corp. on Wednesday agreed to sell all of its domestic oil and natural gas assets — 383 Bcfe — to an indirect subsidiary for $1.05 billion. The sale is scheduled to close July 7.
Direct Energy To Pay C$113.3M for Alberta Producer
Direct Energy, a subsidiary of Centrica plc, agreed to acquire Calgary-based Rockyview Energy Inc. for C$113.3 million including debt, the company said Thursday.
Market Turmoil Not Delaying Southern Union MLP, Say Executives
Despite turmoil in the debt markets that has cooled interest in master limited partnerships (MLP) among some investors, Southern Union Co. remains “committed to an MLP transaction involving our midstream assets,” a company vice president told financial analysts recently.
Southern Union MLP Could Be Weeks Away, As Promised
Despite turmoil in the debt markets that has cooled interest in master limited partnerships (MLP) among some investors, Southern Union Co. remains “committed to an MLP transaction involving our midstream assets,” a company vice president told financial analysts last week.
McMoRan ‘Whole New Company’ with Purchase of Newfield’s Shelf Assets
To finance its Rocky Mountain exploration and pay down debt, Newfield Exploration Co. Thursday agreed to sell all of its natural gas-heavy properties in the shallow waters of the Gulf of Mexico (GOM) to McMoRan Exploration Co. for $1.1 billion. Newfield, which plans to keep its deepwater leases, said the sale was one of several divestitures planned over the next few months.