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E&P

Producer Deals for U.S. LNG Said Unlikely Amid Covid-19

Producer Deals for U.S. LNG Said Unlikely Amid Covid-19

The Covid-19 pandemic has made it difficult for U.S. liquefied natural gas (LNG) developers to sign additional long-term natural gas supply deals with producers to help fund new liquefaction capacity, an industry analyst said. Cheniere Energy Inc. signed two long-term deals last year with Permian Basin producers to buy natural gas at prices linked to…

June 23, 2020
Argentina Freezes Gas, Power Rates, Mulls Price Floor for Gas Production

Argentina Freezes Gas, Power Rates, Mulls Price Floor for Gas Production

Argentina’s government announced on Friday it is freezing natural gas prices for users until the end of the year and will forbid canceling utility services even if users haven’t paid their bills. The move is part of the country’s response to the coronavirus outbreak that has stalled the economy and has kept much of the…

June 22, 2020

RPC Cuts Workforce, Stacks Pressure Pumping Equipment as E&Ps Pull Back

Atlanta-based RPC Inc., which provides specialized oilfield services and equipment to customers working in the Lower 48 and Gulf of Mexico, has adjusted its operating strategy to compete in a “difficult environment,” CEO Richard A. Hubbell said Wednesday.

October 23, 2019

Kimmeridge Raises $800M for Fifth E&P-Focused Fund

Private equity (PE) firm Kimmeridge Energy Management Co. LLC said Wednesday it has closed its fifth upstream-focused fund after raising $800 million.

October 2, 2019
Mexico’s CNH Brings in Navy to Help Oversee Offshore E&Ps

Mexico’s CNH Brings in Navy to Help Oversee Offshore E&Ps

Mexico’s upstream regulator has signed a cooperation agreement with the country’s Naval Secretariat to monitor offshore exploration and production (E&P) activities using satellite technology.

December 7, 2017

Black Hills To Sell Last of Its Oil, Natural Gas E&P Assets

Rapid City, SD-based Black Hills Corp. has decided to sell what remains of its oil/natural gas business by the end of next year, CEO David Emery reported during a 3Q2017 earnings conference call on Friday. Included are San Juan Basin and Powder River Basin assets.

November 3, 2017
E&Ps Still Outspending Cash Flow; ’18 Budgets Likely Less Ambitious, Says Raymond James

E&Ps Still Outspending Cash Flow; ’18 Budgets Likely Less Ambitious, Says Raymond James

A long-standing willingness by exploration and production (E&P) companies to outspend their cash flow may butt up against concerns about leverage and commodity uncertainty as 2018 capital spending budgets are planned, according to Raymond James & Associates.

October 9, 2017

Relief For Harvey Victims From E&Ps, Energy Firms Pouring In

The energy industry continues to step up efforts to help Texas and Louisiana residents impacted by Harvey, with millions of dollars in relief effort pouring into charities.

August 31, 2017
Newly Formed Oklahoma Pure-Play Taking Linn, Citizen Assets to Accelerate STACK/SCOOP Development

Newly Formed Oklahoma Pure-Play Taking Linn, Citizen Assets to Accelerate STACK/SCOOP Development

Linn Energy Inc., which emerged from the commodity price downturn smaller but still energized, on Wednesday agreed to combine forces with a private operator to create Roan Resources LLC, whose goal is to accelerate development in Oklahoma’s prolific Anadarko Basin.

June 28, 2017

Encino Acquisition Prowling for Lower 48 Oil, Natural Gas Assets

With a combined $1.25 billion in commitments, the Canada Pension Plan Investment Board (CPPIB) and Houston’s Encino Energy LLC on Wednesday launched an exploration company to hunt for oil and natural gas assets in the U.S. onshore.

June 28, 2017