Guidance

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.

Tulsa-based WPX Energy Inc. plans to add another rig to its Permian Basin operations and complete 15 uncompleted wells in the Williston Basin as part of an overall plan to increase full-year oil production guidance by 5%.

Devon Energy Corp. has raised its full-year production guidance by 3% after exceeding midpoint expectations for North American natural gas, liquids and oil output, led by outperformance in Oklahoma’s stacked reservoirs.

Devon Energy Corp. has raised its full-year production guidance by 3% after exceeding midpoint expectations for North American natural gas, liquids and oil output, led by outperformance in Oklahoma’s stacked reservoirs.

ConocoPhillips, determined to get out of deepwater drilling in the Gulf of Mexico (GOM) and battered by a $1.5 billion 1Q2016 net loss, said Thursday that it would slash its 2016 capital expenditures (capex) budget by $700 million.

ConocoPhillips, determined to get out of deepwater drilling in the Gulf of Mexico (GOM) and battered by a $1.5 billion 1Q2016 net loss, said Thursday that it would slash its 2016 capital expenditures (capex) budget by $700 million.

A pair of natural gas industry trade groups urged FERC not to expand its environmental reporting requirements for project applicants as it updates its guidelines.