Expenditures

CEO: Pipe Safety Concerns Are Capex Catalyst

In the aftermath of a continuing string of natural gas pipeline/infrastructure failures, the pressure from federal and state regulators will grow and so too will the capital expenditures (capex) among utilities and large transmission pipeline operators, according to Southwest Gas Corp. CEO Jeffrey Shaw. He made the observations earlier in August in response to questions from financial analysts.

August 18, 2011

Barnett Gets Texas Lawmakers’ Attention

Texas lawmakers are not yet into the meat of their current legislative session, but as with the last session two years ago, the Barnett Shale seems to be drawing the most attention, at least judging by potential legislation, Texas Independent Producers and Royalty Owners Association (TIPRO) President Justin Furnace told NGI’s Shale Daily.

February 1, 2011

Barclays Says U.S. E&Ps to Spend More in Oily Shales, Less in Gas

U.S. exploration and production (E&P) companies that have taken a shine to the oily shale plays are boosting their capital expenditures (capex) in 2011, while the gas-focused shale operators are reining in the spending, according to a survey by Barclays Capital.

December 16, 2010

Marcellus, Eagle Ford Drilling Expected Up in 2011

Onshore natural gas plays that are able to generate profits even when gas prices are below $4/Mcf, including the Marcellus Shale, should see rig activity up by 18% in 2011 over this year, according to analysts with Raymond James & Associates Inc.

December 14, 2010

‘Wet’ Shale Plays Will Retain Advantage, Analyst Says

It seems like everybody and their brother and sister has begun pushing more drilling capital expenditures into “oilier” shale gas assets, somewhat at the expense of the drier plays. What will it take to return some of the former luster of nearly all-dry plays such as Haynesville?

October 14, 2010

Sempra to Add $500M to Annual Capital Spending

Sempra Energy expects annual capital expenditures and investments to average approximately $2.9 billion through 2014, up from about $2.4 billion annually during the previous five years, CEO Donald E. Felsinger said Thursday.

March 26, 2010

Sempra to Add $500M to Annual Capital Spending

Sempra Energy expects annual capital expenditures and investments to average approximately $2.9 billion through 2014, up from about $2.4 billion annually during the previous five years, CEO Donald E. Felsinger said Thursday.

March 26, 2010

Raymond James: Some Gassy E&Ps Spending More Despite Prices

Natural gas explorers appeared to be cutting their capital expenditures (capex) almost as soon as the new year began, but some producers are beginning to spend more and drill more — a scenario that may lead to more pain in the next few months, Raymond James & Associates Inc. analysts said Monday.

August 25, 2009

E&Ps Seen Tracking Strong Output for 2009

Capital expenditures (capex) may have been cut and commodity prices aren’t cooperating, but production at some of the largest U.S.-based independents grew in 2Q2009 from the year-ago period and sequentially from the first three months of this year, according to separate analyses.

August 21, 2009

E&Ps Told to Not Ignore ‘Obvious’ in Downcycle

With continuing pressure on natural gas and oil prices, producers are rethinking how to budget their capital expenditures (capex), but they shouldn’t ignore the “obvious” ways to succeed in the current economic downturn, according to a report by UK-based consultancy Arthur D. Little (ADL).

April 13, 2009