Diamondback Expecting to Beat ’15 Production Guidance, Plans 2-3 Rig Program in Permian

Diamondback Expecting to Beat ’15 Production Guidance, Plans 2-3 Rig Program in Permian

Permian Basin pure-play operator Diamondback Energy Inc. said it appears to have eclipsed its 2015 production guidance, thanks in part to strong production in the fourth quarter, and it now plans to spend $280-375 million for a two- or three-rig drilling program in 2016.

January 13, 2016

Pioneer Beats 4Q Guidance on Permian Performance, Issues Equity

Dallas-based Pioneer Natural Resources Co. (PXD) raised its fourth quarter and full-year 2015 production guidance, crediting strong performance from the Permian Basin Spraberry/Wolfcamp program, which this year is expected to contribute largely to 10-15% production growth. It also priced the first shale equity offering of 2016.

January 6, 2016

Southwestern Idles Last Two Fayetteville Rigs Through End of 2015

Southwestern Energy Co. has idled its Fayetteville Shale drilling program for the remainder of 2015.

December 21, 2015

Anadarko Says Permian’s Delaware, Wattenberg Exceeding Production Guidance

Anadarko Petroleum Corp. said Thursday onshore oil production is exceeding expectations, particularly from the Permian Basin’s Delaware sub-basin and Wattenberg field, leading it to raise 4Q2015 guidance by as much as 5%.

December 17, 2015

PDC Energy to Focus 2016 Capital on Wattenberg

PDC Energy Inc. will continue its focus on the Wattenberg formation heading into next year, devoting most of its 2016 capital budget to exploration and production (E&P) activity in the Colorado play, the company said Monday.

December 9, 2015

NatGas Futures, Physical Gas Higher; Cash Steady, But October Adds 6.5 Cents

Physical natural gas for Tuesday delivery was up smartly in Monday’s trading, while next-day power prices faded. The NGI Daily Spot Gas Average was up 7 cents at $2.49, and weather forecasts in major population centers called for temperatures about 10 degrees above seasonal norms.

September 14, 2015

Administration Issues Proposed NEPA Guidelines For GHGs

The White House Council on Environmental Quality (CEQ) Thursday released updated and expanded draft guidance on how federal agencies should consider greenhouse gas (GHG) emissions and climate change when weighing development under the National Environmental Policy Act (NEPA).

December 19, 2014
PVA Expects Delays in 2H2014 Drilling Program

PVA Expects Delays in 2H2014 Drilling Program

Penn Virginia Corp. (PVA) said it expects delays in its drilling program in 2H2014, and it expects those delays to have a slight impact on production, expected earnings and capital expenditures (capex) for the remainder of the year.

August 26, 2014

EPA Issues Long-Awaited Guidance on Diesel Fuel in Hydraulic Fracturing

The U.S. Environmental Protection Agency (EPA) on Tuesday released revised underground injection control (UIC) program permitting guidance for wells that use diesel fuels during fracking activities.

February 11, 2014

Cabot Projects 30-50% Production Growth in 2014

Cabot Oil & Gas Corp. said it expects production to grow 30-50% in 2014, and it reaffirmed that production for 2013 will have grown 44-54% by the end of the year.

September 30, 2013