Global oil and natural gas executives are optimistic about the year ahead, but instead of expanding their operations, many are using the boom times to hedge against the short-term uncertainties, according to a new survey by BDO.
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Global E&P Execs Optimistic But Wary, Says BDO Survey
Global oil and natural gas executives are optimistic about the year ahead, but instead of expanding their operations, many are using the boom times to hedge against the short-term uncertainties, according to a new survey by BDO.
Shale Gas, Liquids Growth Impacting Global Balances
The “reality and potential” of expanding natural gas and liquids from shale continues to have a dramatic impact on the regional and global balances for the two resource streams, PIRA Energy Group said in a new report. The energy consultant released its Annual Scenario Planning Guidebook in “the most uncertain economic environment in decades,” the New York City-based firm stated.
Western Gas Buys Stakes in Marcellus NGL Systems
Western Gas Partners LP is expanding its business in the Marcellus Shale after agreeing to pay $620 million-plus for stakes in two natural gas liquids (NGL) gathering systems in Pennsylvania that have combined throughput of more than 1.2 Bcf/d.
Shale Gas, Liquids Growth Reality Impacting Global Balances
The “reality and potential” of expanding natural gas and liquids from shale continues to have a dramatic impact on the regional and global balances for both economies, PIRA Energy Group said Monday in a new report.
Santa Fe Expands Barnett Position, Moves Forward With Drilling Plans
Santa Fe Petroleum Inc. announced Thursday that it had acquired additional leased acres in North Central Texas for oil and natural gas drilling, expanding its position in the Barnett Shale.
NuStar Expanding Eagle Ford Crude Assets
NuStar Energy LP is expanding its South Texas Crude Oil Pipeline System with the support of a long-term pipeline and terminal services agreement recently struck with ConocoPhillips, the partnership said Thursday.
Williams Buys Half of Chesapeake’s Former Midstream Business
Williams, which has been expanding its onshore presence in the Marcellus and Utica shales, late Tuesday snagged a deal to significantly expand its onshore footprint in a $2.4 billion transaction to acquire half of the natural gas pipeline system once owned by Chesapeake Energy Corp.
Legacy Reserves Expands Play in Permian
Expanding its assets in an area of its primary focus, Midland, TX-based Legacy Reserves LP said Wednesday it has agreed with Concho Resources Inc. to buy $520 million of Concho’s holdings in the Permian Basin. Legacy said it hopes to close the deal before the end of this year.
U.S. Chemicals Industry Reshaped by Shale Gas, Says PwC
The expanding shale natural gas market may drive “significant benefits” to the U.S. chemicals industry from lower raw material and energy costs, according to a report by PwC US.