EQT on Offense Against Rice Revolt with Strong Quarterly Results

Appalachian pure-play EQT Corp. on Thursday increased 2019 guidance by 10 Bcfe, even after dropping three rigs during the first quarter to drill fewer wells this year, all at no expense as the company remains focused on improving results in the face of a shareholder revolt.

April 26, 2019

Southwestern Cuts Costs, Budget; Still Guides for Appalachian Production Growth

Southwestern Energy Co. said it would spend less this year compared to last, while lower well costs and longer laterals are expected to help drive a healthy gain in production as it embarks on its first full year as an Appalachian pure-play operator.

February 6, 2019

EQT CEO Defends Company Direction, Details Plans For Careful Growth

EQT Corp. CEO Robert McNally on Tuesday vigorously defended the country’s largest natural gas producer’s direction, calling a proposal put forward by Rice Energy co-founders to generate more value “fundamentally flawed,” and highlighting a plan to better control costs and improve operations.

January 22, 2019
Newfield’s Anadarko Volumes Hit High End of 4Q Guidance

Newfield’s Anadarko Volumes Hit High End of 4Q Guidance

Newfield Exploration Co. expects total U.S. onshore output for the fourth quarter to hit 185,000-200,000 boe/d net, the high end of its forecast, boosted by gains in the Anadarko Basin.

January 8, 2019

Hess Earmarks 2019 Capex for More Bakken Rigs as Company Targeting Growth, Returns

Hess Corp. plans to ramp up to six rigs and produce 135,000-145,000 boe/d in the Bakken Shale in 2019 as part of a $1.87 billion capital expenditure (capex) budget in the United States, management said Monday.

December 10, 2018

Energen Boosts Permian Guidance, Nears Milestone of 100,000 Boe/d

Permian Basin-focused Energen Corp. raised its full-year guidance after second quarter output climbed 5% sequentially, the beat coming on outperformance using updated well designs.

August 8, 2018

Energen Beats Production Guidance, but Execs Mum on Investor Call to Sell

Permian Basin pure-play Energen Corp. beat its production guidance for the fourth quarter and for the full-year 2017, and executives disclosed that they are reviewing four board candidates submitted last month by an investor that wants the company to be sold.

February 21, 2018

Frigid Holiday Still in Focus; January Called Lower

January natural gas was set to open about a penny lower Tuesday at around $2.735, with the market struggling to build overnight on Monday’s 13.3-cent surge.

December 19, 2017
Marathon Overcomes Harvey, Sees U.S. Production Climbing 23-27% Year/Year

Marathon Overcomes Harvey, Sees U.S. Production Climbing 23-27% Year/Year

Houston-based Marathon Oil Corp.’s third quarter U.S. production should average toward the high end of its guidance of 230,000-240,000 boe/d net, despite the temporary impacts from Hurricane Harvey, with annual output jumping by double-digits from 2016.

October 5, 2017

Harvey Pressures Permian Operations for Callon, Oxy

Permian Basin independent Callon Petroleum Co. has revised down its third quarter and full-year production guidance in part on issues related to Hurricane Harvey, which came ashore hundreds of miles away. Occidental Petroleum Corp. (Oxy) also has reduced its Permian guidance.

October 3, 2017
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