Houston-based Callon Petroleum Co. on Thursday went on the defense after a major shareholder slammed its planned takeover of Carrizo Oil & Gas Inc.
Articles from Ford
Chesapeake Energy Corp. said Tuesday it would further slash spending on its natural gas assets next year and redirect that capital toward plays in Texas and Wyoming, which are expected to drive double-digit growth in the company’s oil production.
ConocoPhillips is eyeing higher spending this year than originally forecast to expand development in the United States, with output from the “Big 3” unconventionals alone climbing 26% year/year, the Houston-based super independent said Tuesday.
With an eye on increased oil and natural gas drilling activity in the Eagle Ford Shale, Southcross Energy Partners LP is set to restart its idled Bonnie View fractionator this month, management said last week.
Denver-based independent SM Energy Co., which is focused mostly on Texas, said it plans to defer some completion activities in the fourth quarter to recover from flooding in the state, as it considers where to drill longer laterals next year in the Eagle Ford Shale and the Permian Basin.
Fracture sand provider Black Mountain Sand is expanding into the Anadarko Basin with construction underway on its sixth mine, the first outside Texas.
Despite a more than nine-fold increase in production in the Permian Basin’s Delaware sub-basin, Carrizo Oil & Gas Inc. said it plans to shift rigs and capital to the Eagle Ford Shale over the next 18 months to take advantage of superior returns in South Texas.
Carrizo Oil & Gas Inc. reported progress in its shift to multipad development in the Eagle Ford Shale and beat its production guidance for the first quarter, while also seeing strong initial production from a new well targeting part of the Wolfcamp formation in the Delaware sub-basin of the Permian.
Houston-based EP Energy Corp. said full-year production remains on track, despite losing roughly 900 boe/d during the third quarter because of impacts from Hurricane Harvey.
The Eagle Ford Shale will see small declines in oil and natural gas production in October compared to September, but total production out of the nation’s seven most prolific onshore unconventional plays will still continue to increase, according to data from the Energy Information Administration (EIA).