Expenditure

Anadarko Targets U.S. Onshore, Deepwater GOM

Anadarko Petroleum Corp. has unveiled a $7.2-7.6 billion capital expenditure (capex) plan for this year, and it plans to direct most of those funds to U.S. onshore and Gulf of Mexico (GOM), the operator said last week. The forecast capex for 2013 is sharply higher from a projection set last March of of $6.6-6.9 billion.

February 25, 2013

Anadarko Targeting U.S. Onshore, Deepwater GOM

Anadarko Petroleum Corp. on Wednesday unveiled a capital expenditure (capex) plan for this year of $7.2-7.6 billion, with most of the funds directed to the U.S. onshore and Gulf of Mexico (GOM). The forecast capex for 2013 is sharply higher from a projection set last March of of $6.6-6.9 billion.

February 21, 2013

Consol Shifting Gears in Utica, From Exploration to Development

Consol Energy Inc. announced Friday that it would begin shifting its Utica Shale program in Noble County, OH, from exploration to development mode, after seeing encouraging results and data from its test wells and those of its competitors in the play.

January 22, 2013

Consol Focusing on Marcellus, Utica Shale Gas in 2013

Consol Energy Inc. announced Monday that it plans to spend most its capital expenditure (capex) budget in 2013 on natural gas production in the Marcellus and Utica shales, and will sell millions in other assets.

January 15, 2013

Rosetta Mystery Play Gets 10% of ’13 Capex

More than 85% of Houston-based Rosetta Resources Inc.’s 2013 capital expenditure (capex) budget of $700 million will be spent in the liquids-rich window of the Eagle Ford Shale, while about 10% will go to evaluate new venture opportunities outside the shale play that the company recently began talking about.

December 17, 2012

North America Upstream Spending Still World Beater

Upstream exploration and production (E&P) spending in North America is leading the world for the seventh consecutive year, according to a report by GlobalData.

August 27, 2012

Access Midstream Earnings Boosted by Organic Growth

Access Midstream Partners LP, formerly Chesapeake Midstream Partners LP, reported that net income jumped more than 25% year/year in part because of increased business in the Marcellus and Barnett shales.

August 10, 2012

North American Oil Supply Growth Reveals ‘Infrastructure Mismatches’

North America’s burgeoning unconventional oil supplies have created “considerable investment needs” because pipelines are in the “wrong place carrying crude in the wrong direction and/or transporting the wrong products,” according to a review by Ernst & Young LLP.

July 31, 2012

Newfield Continues Transition to Oil Company

Newfield Exploration Co. said that in 2012 it will devote more of its capital expenditure (capex) program and boost production in natural gas liquids (NGL) and oil — at the expense of natural gas — as it looks to become an oil-weighted company by 2013.

February 24, 2012

MarkWest CEO Sees ‘Critical’ Need for Utica Shale Midstream

MarkWest Energy Partners LP, which teamed up with private equity fund The Energy & Minerals Group (EMG) three years ago to create one of the largest natural gas processing companies in the Marcellus Shale, now sees a “critical” need to create similar midstream infrastructure in the emerging Utica Shale, CEO Frank Semple said late Monday.

December 15, 2011
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