During the third quarter Irving, TX-based Pioneer Natural Resources Co. set a new production record in the Eagle Ford Shale, where it said its choke management program continues to improve well performance. Continued development of the Wolfcamp Shale in West Texas is setting the play up to be a “significant” contributor to production growth in the future, the company said.
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Dallas-based Pioneer Natural Resources Co. reported a 9% sequential increase in production for the fourth quarter and attributed the success to “three core liquids-rich growth assets in Texas.” In light of low prices for dry gas, the company has tweaked some of its drilling plans while it continues to high-grade liquids-rich drilling.
The head of the Commodity Futures Trading Commission (CFTC) last Thursday said the agency plans to grant the derivative market “exemptive relief” — for the second time this year — from the sweeping Dodd-Frank Wall Street Reform and Consumer Act.
The head of the Commodity Futures Trading Commission (CFTC) Thursday said the agency plans to grant the derivative market “exemptive relief” — for the second time this year — from the sweeping Dodd-Frank Wall Street Reform and Consumer Act.
SM Energy Co. raised its guidance for 2011 and introduced plans for 2012 that surpass what analysts were expecting as company executives emphasized a sharpened focus on the Eagle Ford Shale in South Texas.
The Commodity Futures Trading Commission (CFTC) Thursday punted the most controversial of its proposed regulations — setting limits on the amount of speculative trading of derivative swaps by a single entity, abruptly adjourning its meeting after discussing a staff proposal. The next scheduled meeting is next year.
Swap derivative officials urged federal regulators last Wednesday not to jeopardize liquidity when taking actions to make the $600 billion-plus derivatives markets more transparent .
Swap derivative officials called on federal regulators Wednesday to enhance transparency in the $600 billion-plus derivatives markets, but not to the point where it could restrict liquidity .
FERC has warned the Commodity Futures Trading Commission (CFTC) against trying to extend its jurisdiction to include trading of derivative transactions within regional transmission organizations (RTO) and independent system operators (ISO).
A shareholder derivative lawsuit was filed in a New Jersey state court on Friday by two pension funds that accuse Royal Dutch/Shell Group, former and current executives and auditors PricewaterhouseCoopers and KPMG of failing to properly monitor company management.