Earmarked

PDC to Accelerate Wattenberg, Utica Development

PDC Energy Inc. completed the sale of its noncore Colorado natural gas assets Tuesday, with the sales proceeds earmarked to accelerate development of its liquid-rich horizontal drilling programs in the state’s Wattenberg Field and Ohio’s Utica Shale.

June 20, 2013

No Surprises for Energy in Obama Budget

President Obama’s $3.77 trillion budget for fiscal year (FY) 2014, unveiled Wednesday, for the fourth time seeks to repeal tax breaks for oil and natural gas producers. It also would tack on new fees for operations on federal lands and increase oil and gas royalties to fund renewable fuel development.

April 11, 2013

SoCal Suburb Seeks Oil Revenue Gusher

To the chagrin of other local officials and conservationists, the Los Angeles suburb of Whittier, CA, has chosen to use funds originally earmarked to preserve open space in the midst of urban sprawl to instead tap a long-idle oilfield in the middle of densely populated Southern California.

February 5, 2013

Simmons Says World’s Energy Infrastructure Needs Big Fix

Oil and natural gas “rust” is an “evil worse than depletion,” and in the next seven years, $50-100 trillion should be earmarked to rebuild the world’s aging infrastructure, according to energy guru Matthew R. Simmons.

May 12, 2008

Simmons Says World’s Energy Infrastructure Needs Big Fix

Oil and natural gas “rust” is an “evil worse than depletion,” and in the next seven years, $50-100 trillion should be earmarked to rebuild the world’s aging infrastructure, according to energy guru Matthew R. Simmons.

May 12, 2008

High Gas Storage, Mild Weather, Credit ‘Jitters’ Affecting E&P

Upstream capital spending is pegged to jump a healthy 20% this year versus 2006. However, with most of the money earmarked for international oil projects, North American exploration and production (E&P) companies weighted to natural gas are not expected to deliver over-the-top earnings through the rest of the year, according to several energy analysts.

October 15, 2007

High Gas Storage, Mild Weather, Credit ‘Jitters’ Affecting E&P

Upstream capital spending is pegged to jump a healthy 20% this year versus 2006. However, with most of the money earmarked for international oil projects, North American exploration and production (E&P) companies weighted to natural gas are not expected to deliver over-the-top earnings through the rest of the year, according to several energy analysts.

October 15, 2007

Hess Exploratory Program to Focus on Deepwater Gulf

Amerada Hess Corp. has set aside $4 billion for its capital budget this year, with about $766 million earmarked for overseas opportunities. The New York-based producer plans to spend $570 million for exploration and exploitation, with more than half of the exploratory program focused on the deepwater Gulf of Mexico.

January 12, 2006

Despite Expanding Market, U.S. In Tight Race With Europe, Asia for LNG

World wide liquefaction capacity for natural gas is expected to increase three-fold by early 2011, but only a portion of the incremental capacity will be earmarked for the U.S. market, as the appetite for liquefied natural gas also is soaring in Europe and Asia, according to a new study issued by Energy Ventures Analysis (EVA).

July 5, 2005

Burlington, Nexen Keen on North American Exploration in ’04

Burlington Resources Inc. and Nexen Inc. plan to increase their spending in North America next year, with Burlington’s spending earmarked for natural gas development in the Rocky Mountains while Nexen’s will be spent in the deepwater Gulf of Mexico.

December 19, 2003
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