Although its profits fell while production grew, Southwestern Energy Co. said its drilling programs in both the Fayetteville and Marcellus shales remain profitable. But the Houston-based company also plans to divert $50 million in midstream capital toward ventures in the Brown Dense formation and the Denver-Julesburg (DJ) Basin.
Grew
Articles from Grew
Shale’s Role Grows Substantially in Anadarko Portfolio
The stature of Anadarko Petroleum Corp.’s shale operations in the United States grew substantially last year, the company said. Going forward, emphasis at home will continue to be on shales and liquids-rich production.
February 8, 2012
Consol’s Marcellus-Weighted 3P Reserves Jump 41%
Appalachian Basin producer Consol Energy Inc. said Monday its estimated proved, probable and possible (3P) reserves totaled 20.2 Tcf at the end of 2011, which was 41% higher than in 2010.
February 7, 2012
Bill Barrett Increases Oil Emphasis
Denver-based Bill Barrett Corp. last year grew reserves and production as it transitioned to a greater emphasis on oil and natural gas liquids over dry natural gas given weak prices for the latter, CEO Fred Barrett said Tuesday.
January 25, 2012
Federal Reserve: Economy Growing, Shale Gas Expanding
The Federal Reserve Board took notice of an expanding shale gas industry in parts of the country as the national economy grew at a moderate pace, according to a report released Wednesday.
December 5, 2011
Federal Report: Shale Gas Expanding in Ohio, Texas
The Federal Reserve Board took notice of an expanding shale gas industry in parts of the country as the national economy grew at a moderate pace, according to a report released Wednesday.
December 2, 2011
Federal Reserve Report: Economy, Shale Gas Industry Expanding
The Federal Reserve Board took notice of an expanding shale gas industry in parts of the country as the national economy grew at a moderate pace, according to a report released Wednesday.
December 2, 2011
Price Gains Grow, But Holiday Weekend Nearing
Prices shot higher by double-digit amounts nearly across the board Thursday as a palpable threat to Gulf of Mexico (GOM) production grew more intense, cash numbers had substantial support from the previous day’s 14.5-cent futures rise, and some regions such as the Midwest were heating up, although their contribution to cooling load was likely to be brief.
September 2, 2011
Colorado Governor Supports Fracking Disclosure
Some sort of universal disclosure is needed throughout the oil and gas industry regarding hydraulic fracturing (fracking), Colorado Gov. John Hickenlooper recently told an energy conference.
August 15, 2011
Encana Applies Hi-Tech to Costs, Raises Profit, Output
Encana Corp., Canada’s largest natural gas producer, rebounded in the second quarter from earnings losses in the year-ago period and grew its unconventional natural gas and liquids production by 4%.
July 22, 2011
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