Expects

Driven primarily by the continued success of its drilling program in the Marcellus Shale, Range Resources Corp. saw its production volumes surge to a record high of 910 MMcfe/d in 2Q2013, a 27% increase over 2Q2012, the Forth Worth, TX-based company said Thursday.

Chevron Corp. will gain access to some needed infrastructure to develop a portion of its one million-acre leasehold in the Permian Basin in West Texas, and Cimarex Energy Co. will have expanded opportunities in a key Texas county under a joint agreement.

Arkansas’ gross revenue from natural gas severance taxes so far this year is trending higher than during 2011, which turned out to be a record year for gas severance tax revenue in the Natural State.

GreenHunter Resources Inc.’s planned water treatment, recycling and condensate handling logistics terminal in Wheeling, WV, to serve the Marcellus and Utica shale region could provide drillers with free recycled wastewater for hydraulic fracturing (fracking) operations.

Interior Deputy Secretary David Hayes, who many speculated was on the short list to succeed former Interior Secretary Ken Salazar, has said that he expects to leave the department at the end of June. After serving more than four years in the Obama administration, he plans to serve as senior fellow at the Hewlett Foundation and teach at Stanford Law School in the fall. “I am grateful for his wisdom and guidance to me throughout this transition, and I wish him the best as he heads out to California for this next chapter,” said newly appointed Interior Secretary Sally Jewell.

GMX Resources Inc. (GMXR) announced Monday that it has filed for Chapter 11 bankruptcy, and is looking to finalize an asset purchase agreement with holders of the company’s senior secured notes to acquire all of GMXR’s operating assets and undeveloped acreage.

Western Canada’s oil production should hit 5.7 million b/d by 2025, which is double the current output, boosted by unconventional growth from the oilsands and shale formations, according to ITG Investment Research (IR). Unconventional natural gas production also is seen lifting gas supplies by 3 Bcf/d from current numbers.

Freeport-McMoRan Copper & Gold Inc.’s management team said Tuesday it expects to complete its splash into the oil and natural gas pool in March, which should immediately move it ahead of many of the largest U.S. explorers.

Chevron Corp. expects to report “notably higher” results for 4Q2012 than profits in the previous three months, management said in an interim update.