Denver-based PDC Energy Inc.’s senior executive team said Thursday the company is keeping equal rig counts, fracturing crews and interest in the Denver-Julesburg (DJ) and Permian basins, but said there is a political threat in Colorado from a ballot measure seeking to extend setback requirements for future oil and gas wells.
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Articles from delaware
Marathon Oil Raises Guidance on Solid U.S. Onshore Gains with Austin Chalk Emerging
Houston-based Marathon Oil Corp. (MRO) on Thursday raised its U.S. and global oil and gas guidance, with domestic onshore operations delivering strong returns sequentially across the board, CEO Lee Tillman said during an earnings conference call to discuss results.
August 6, 2018
FERC Denies Rehearing Requests on Millennium Pipeline’s Eastern System Upgrade
A divided FERC rejected requests from two environmental groups for a rehearing over its decision to certify Millennium Pipeline Co. LLC’s Eastern System Upgrade (ESU) project on Thursday, with Commissioner Richard Glick dissenting in part, arguing that it should have considered the project’s contribution to climate change.
July 20, 2018
Matador Ensures Permian Natural Gas Takeaway Via GCX, Third Parties
Dallas-based independent Matador Resources Co. has joined several Permian Basin peers in securing better takeaway terms for its natural gas production.
June 4, 2018
Icahn, Corvex Mulling Bid to Further Shake Up Permian Pure-Play Energen
Permian Basin pure-play Energy Corp. is facing another battle for control as hedge fund Corvex Management, long critical of management and now holding two board seats, has teamed with activist investor Carl Icahn to get involved in a strategic review underway.
May 21, 2018
PDC Secures Firm Sales for Most Permian Volumes Averting Capacity Pinch
PDC Energy Inc. joined the chorus of operators this earnings season to pacify wary investors on edge about pipeline capacity constraints in the Permian Basin, plugging a key firm sales agreement that ensures an outlet for 85% of the company’s 2018 and 2019 Delaware sub-basin oil production.
May 11, 2018
Carrizo Begins Multipad Drilling in Eagle Ford, Beats Guidance in 1Q
Carrizo Oil & Gas Inc. reported progress in its shift to multipad development in the Eagle Ford Shale and beat its production guidance for the first quarter, while also seeing strong initial production from a new well targeting part of the Wolfcamp formation in the Delaware sub-basin of the Permian.
May 8, 2018
Enterprise, Energy Transfer to Restart Old Ocean Natural Gas Pipe to Move Permian Volumes South
Enterprise Products Partners LP and Energy Transfer Partners LP (ETP) on Friday said they are forming a joint venture to resume service on the Old Ocean natural gas pipeline in North Texas, idle for about six years, to carry more supply to the Gulf Coast from the Permian Basin.
May 4, 2018
EOG Profits Surge in 1Q; Planning to Keep 39 Rigs Busy This Year
EOG Resources Inc. reported a surge in profits and revenues during the first quarter, while making progress on its plans to boost oil production by 16-20%, increase free cash flow by more than $1.5 billion, and reduce well costs and operating expenses.
May 4, 2018
Noble Raises Production Guidance, Lifted by Permian Delaware
Noble Energy Inc. has increased its 2018 production guidance after delivering first quarter volumes that were 18% higher year/year, with Permian Basin-led oil output jumping 30%.
May 1, 2018
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