Boosted by exceptional performance from horizontal drilling programs in the U.S. onshore, and in particular the Wattenberg Field in Colorado, Anadarko Petroleum Corp. broke records for liquids sales volumes in the third quarter. The Wattenberg’s production profile is “essentially straight up,” said an executive.
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Chilton Urges CFTC to Appeal Position Limits Ruling
International bankers have “temporarily prevailed” on the lawsuit challenging the Commodity Futures Trading Commission’s (CFTC) rule limiting speculative trading in commodity derivatives, but the “struggle isn’t over,” CFTC Commissioner Bart Chilton vowed last Tuesday as trading exchanges backed off their previous plans of altering their own position limit rules.
Newfield: No Dry Gas Drilling, More Hedging
These days with no end to decade-low gas prices in sight, Newfield Exploration Co. CEO Lee Boothby can’t wait to be in charge of an oil-weighted production company, and it’s going to happen soon, he said Wednesday. Newfield has put down the dry gas drillbit and is focusing intently on oil and liquids-rich plays.
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Craig Donohue, who has been CME Group’s CEO since 2004, will step down when his contract expires in December, the Chicago-based derivatives marketplace announced. The board has appointed current Executive Chairman Terrence Duffy to the expanded role of executive chairman and president, and current President Phupinder Gill to take over as CEO when Donohue’s contract expires. Additionally, the board extended Duffy’s and Gill’s contract agreements. “Donohue, Duffy and Gill, who have worked together in the office of the CEO for the last eight years, will work together over the next several months to effectuate an orderly leadership transition,” the board said. Duffy will continue to take a hands-on approach in government relations, corporate marketing and communications. Gill, who will report to Duffy, will be responsible for all other aspects of running the company. The current management team will remain in place, the board said.
People
Craig Donohue, who has been CME Group’s CEO since 2004, will step down when his contract expires in December, the Chicago-based derivatives marketplace announced Monday. The board has appointed current Executive Chairman Terrence Duffy to the expanded role of executive chairman and president, and current President Phupinder Gill to take over as CEO when Donohue’s contract expires. Additionally, the board extended Duffy’s and Gill’s contract agreements. “Donohue, Duffy and Gill, who have worked together in the office of the CEO for the last eight years, will work together over the next several months to effectuate an orderly leadership transition,” the board said. Duffy will continue to take a hands-on approach in government relations, corporate marketing and communications. Gill, who will report to Duffy, will be responsible for all other aspects of running the company. The current management team will remain in place, the board said.
CFTC Position Limits Challenged
The International Swaps and Derivatives Association (ISDA) and the Securities Industry and Financial Markets Association (SIFMA) have filed a legal challenge to the Commodity Futures Trading Commission’s (CFTC) controversial final rule on position limits.
Groups File Legal Challenge to CFTC Position Limits Rule
The International Swaps and Derivatives Association (ISDA) and the Securities Industry and Financial Markets Association (SIFMA) have filed a legal challenge to the Commodity Futures Trading Commission’s (CFTC) controversial final rule on position limits.
Gensler Confirms Position Limit Rule on Agenda of Next Meeting
The head of the Commodity Futures Trading Commission (CFTC) Tuesday confirmed that the final rule on restricting excessive speculation in the derivatives market will be on the agenda at next week’s meeting.
Haynesville, Other Shales Lift QEP 1Q Production
QEP Resources exploration and production unit QEP Energy continues to turn away from its traditional area of activity in the Rocky Mountain region and focus more on the Midcontinent and a handful of shale plays.
W&T Makes Permian Onshore Play
W&T Offshore Inc. has made a “transformative acquisition” to grow reserves and production by agreeing to acquire about 21,900 gross leasehold acres (21,500 net acres) for $366 million in the West Texas Permian Basin in Gaines, Dawson, Andrews and Martin counties, the company said Tuesday.