Resolute Sells Aneth Field in Utah to Focus on Permian

Resolute Sells Aneth Field in Utah to Focus on Permian

Resolute Energy Corp., which has turned its operational focus to the Permian Basin, has agreed to take up to $195 million for a package of Paradox Basin prospects in the Aneth field of southeastern Utah.

September 15, 2017

Newfield Focusing on SCOOP, STACK, Ready to ‘Accelerate’ as Prices Improve

Newfield Exploration Co. offered what some analysts took to be a conservative outlook for activity in 2017, but during a conference call Wednesday, CEO Lee Boothby said the company is ready “to step on the accelerator” when stronger commodity prices and incremental cash flow give it the incentive.

February 22, 2017
Whiting Nearly Doubles Capex Budget, Trims Debt By 42%

Whiting Nearly Doubles Capex Budget, Trims Debt By 42%

Whiting Petroleum Corp., one of the largest oil producers in North Dakota’s Bakken Shale, has nearly doubled its capital expenditures (capex) budget for 2017 with an eye to develop core acreage in the Williston and Denver-Julesburg (DJ) basins.

February 22, 2017

SM Energy Making Permian Priority, Restarting Eagle Ford Drilling in Q1

Denver-based SM Energy Co. said Wednesday it plans to focus most of its capital on the Permian Basin as it digests acquisitions there. Plans for the first quarter include restarting drilling in the Eagle Ford Shale, where production declined during the third quarter.

November 2, 2016

Faced With Shale Boom, SRBC Vows Increased Monitoring, Communication

The Susquehanna River Basin Commission (SRBC) said it will focus on regulatory activities and water quality monitoring related to shale gas development within the basin, as the organization begins its latest two-year Water Resources Program for the fiscal years 2014 and 2015.

July 8, 2013
Eastern Kentucky Shales Await Higher NatGas Prices

Eastern Kentucky Shales Await Higher NatGas Prices

The Kentucky Oil and Gas Association’s (KOGA) first comprehensive research of the economic impact of the oil and gas industry found that the state had 14,632 producing natural gas wells in 2011 and produced more than 3 million bbl of oil in 2012, but the number of horizontal well permits issued has declined each year since 2009.

June 20, 2013

First Reserve, Midstream Veterans Launch North American Venture

Century Midstream LLC, whose focus primarily will be to develop and expand emerging liquids plays across North America, was launched Wednesday by private equity energy firm First Reserve Corp. and a team of seasoned midstream veterans.

June 14, 2013

Laredo Giving Permian Sole Focus

To give the growing Permian Basin its full focus, Laredo Petroleum Holdings Inc. has agreed to sell all of its Granite Wash properties in the Anadarko Basin to affiliates of EnerVest Ltd. for $438 million in cash.

May 23, 2013

Colorado Bill Would Spur Higher Oil/Gas Emissions Standards

A bill to require oil and natural gas companies to meet enhanced water and air emissions standards in order to earn streamlined state environmental permitting was introduced Tuesday by the majority leaders of both houses in the Colorado legislature.

April 29, 2013

Keystone XL Combatants Focus Efforts at Nebraska Hearing

Pro and con on the proposed northern segment of the Keystone XL oil pipeline from Canada to the Gulf of Mexico (GOM) rachetted up their campaigns this week in anticipation of a U.S. State Department hearing on the project Thursday in Grand Island, NE.

April 19, 2013
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