Anadarko Petroleum Corp. stands ready to execute, once prices stabilize, on a big stack of domestic opportunities in the deepwater Gulf of Mexico, as well as the Denver-Julesburg (DJ) and Permian basins, as costs are coming down and efficiencies are moving up.
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Anadarko More Optimistic as Costs Decline, Efficiencies Improve
Anadarko Petroleum Corp. stands ready to execute, once prices stabilize, on a big stack of domestic opportunities in the deepwater Gulf of Mexico, as well as the Denver-Julesburg (DJ) and Permian basins, as costs are coming down and efficiencies are moving up.
Tradition Secures Midstream Financing
Tradition Midstream LLC said it has secured $100 million in equity financing to develop infrastructure across North America, with an initial focus on unconventional plays in Texas, Oklahoma and Louisiana.
Encana, PetroChina Strike Partnership in Duvernay Shale
Encana Corp. on Thursday struck a C$2.18 billion joint venture (JV) agreement to explore and develop close to half a million acres of its leasehold in the Duvernay Shale with a subsidiary of PetroChina International Ltd.
Chesapeake Still ‘Battling Natural Gas Headwinds,’ Says McClendon
Chesapeake Energy Corp. can see some daylight following the deluge of U.S. natural gas, but it won’t be until the end of the year that the producer is able to report a decline in domestic output, CEO Aubrey McClendon said Friday.
Midstreams DCP, Energy Transfer Struggle on Weak NGL Prices
Lower natural gas liquids (NGL) prices weighed down 2Q2012 earnings for both DCP Midstream Partners LP (DPM) and Energy Transfer Equity LP (ETE), the companies’ executives said in separate conference calls with analysts Wednesday.
Range to Jettison Barnett Stake to Focus on ‘Liquids-Rich’ Marcellus
Marking a U-turn of sorts in the company’s exploration and production strategy due to low natural gas prices and a premium on liquids prices, Range Resources Corp. in its 3Q2010 earnings call put its Barnett Shale properties in Texas on the block and announced that it plans to focus on its “liquids-rich plays” in the Marcellus Shale.
Forest Oil Expands Footprint Through Katy Field, Barnett Shale Deals
Continuing to execute its plan of expanding onshore exploration and production plays, Denver, CO-based Forest Oil Corp. announced two transactions last week that will comprise additional building blocks of the company’s 2007 capital program beyond the “Big Three” primary growth areas (Buffalo Wallow, Wild River and Cotton Valley).
Forest Oil Becomes Operator of Katy Field; Expands Barnett Shale Holdings
Continuing to execute its plan of expanding onshore exploration and production plays, Denver, CO-based Forest Oil Corp. announced two transactions Wednesday that will comprise additional building blocks of the company’s 2007 capital program beyond the “Big Three” primary growth areas (Buffalo Wallow, Wild River and Cotton Valley).