Hess Corp. announced Thursday that it would spend $6.8 billion in global capital expenditures (capex) in 2012, including a large portion on drilling in the deepwater Gulf of Mexico (GOM).
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Quicksilver Adds Niobrara, West Texas Plays to Roster
Fort Worth, TX-based Quicksilver Resources Inc. has added depth to its North American lineup of oil and gas prospects with two large-scale commercial projects — one in search of a partner — which altogether would give it a large presence in seven North American basins, officials said Thursday.
Barclays: North American E&P Spending to Target Oil, Liquids in 2012
North American producers plan to target their 2012 capital expenditures mostly to oil and liquids-rich basins, with the Permian Basin and West Texas leading the list, according to a new spending survey by Barclays Capital.
Granite Wash to Be Linn’s Primary Focus in 2012
With new liquids-rich properties in pocket, Linn Energy LLC said Monday it plans to spend $880 million in capital expenditures (capex) in 2012, with more than half allocated to the unconventional Granite Wash formation in Texas.
Spectra Sets $1.3B Capex in 2012
Spectra Energy Corp. said it plans to spend about $1.3 billion on capital expenditures (capex) in 2012 and hopes to continue growing the value of its stock, according to the company’s financial plan for the upcoming year approved by its board of directors.
Spectra Announces $1.3B Capex, Higher Earnings Target in ’12
Spectra Energy Corp. said it plans to spend about $1.3 billion on capital expenditures (capex) in 2012 and hopes to continue growing the value of its stock, according to the company’s financial plan for the upcoming year approved by its board of directors on Wednesday.
Kodiak Ups Capex, Adds Bakken Acreage
Kodiak Oil & Gas Corp. says it plans to spend $585 million on capital expenditures (capex) in 2012, with $550 million going toward drilling and completing of 73 gross (51 net wells) in the Williston Basin, $25 million for infrastructure and $10 million for miscellaneous acreage acquisitions.
Southwestern Could Spend Less on Fayetteville in 2012
One year after spending $1.9 billion on capital expenditures (capex) in the Fayetteville Shale play (see Shale Daily, Dec. 21, 2010), Southwestern Energy Co. (SWN) indicated that it would probably spend less there in 2012 as overall gas production and net income and earnings continued to rise.
Raymond James: Capex Higher in 2012
Oil and gas producer North American capital expenditures (capex) will continue to grow next year but not as fast as it did this year, predicted analysts at Raymond James & Associates Inc. The global economic outlook and oil prices will drive spending trends, the firm said.
Raymond James: Capex to Continue Climb in 2012
Oil and gas producer North American capital expenditures (capex) will continue to grow next year but not as fast as it did this year, predicted analysts at Raymond James & Associates Inc. The global economic outlook and oil prices will drive spending trends, the firm said.