Jagged Peak Energy Inc., which focuses its efforts in the Permian Basin in West Texas, revised down its third quarter guidance, blaming in part Hurricane Harvey-related curtailments.
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March natural gas is set to open 7 cents lower Monday morning at $2.96 as weather models over the weekend turned sharply warmer near term and forecast heating requirements were slashed. Overnight oil markets fell.
Consol Energy Inc. outlined plans this week to fold more Utica Shale into its core position through a development program to increase stacked pay opportunities and build on its current 22-year drilling inventory.
Congressional critics of the Obama administration’s final guidance to federal agencies for quantifying greenhouse gas emissions accused the White House in a hearing Wednesday of giving environmental groups ammunition to bring lawsuits against energy projects.
PDC Energy Inc. plans to drop a rig this month, but it has increased its full-year production guidance after better than expected second quarter results.
Newfield Exploration Co. has pushed its Oklahoma’s stacked reservoirs to the head of the line after making a deal to sell almost all of its Texas portfolio, including Eagle Ford Shale and conventional natural gas assets.
Devon Energy Corp. increased 2016 production guidance by 3% and may add up to seven rigs across the Permian and Anadarko basins by year’s end as cost reduction efforts improved the bottom line and onshore resource plays once again topped expectations.
After reviving its idled drilling program, increasing this year’s capital expenditures and starting work again on its drilled but uncompleted (DUC) wells during the second quarter, Ohio pure-play Eclipse Resources Corp. said Wednesday its recovery could gain significant speed by mid-year 2017.
Noble Energy Inc. hit record quarterly sales volumes of 427,000 boe/d in the second quarter, but it also reported a net loss of $315 million (minus 73 cents/share) after low commodity prices and higher operating expenses weighed on the bottom line.
Six years after launching an effort to modify how federal agencies conduct National Environmental Policy Act (NEPA) reviews with regard to climate change, the Obama administration unveiled final guidance it said is designed to quantify the impacts of greenhouse gas (GHG) emissions.