Denver-based Forest Oil Corp. said Monday it will market its Texas Panhandle oil and gas assets after having received unsolicited interest in the properties. A deal could garner $1 billion or more and would be “transformative” for the company, one analyst said.
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Exco Still Shopping After $1B Deal
Exco Resources Inc. is back in the acquisition game after having struck a $1 billion deal with Chesapeake Energy Corp., CEO Douglas Miller said last week. There are plenty of deals, and financing is available, he told analysts following the company.
July 15, 2013
Exco Still In the Market After Last Week’s $1B Deal
Exco Resources Inc. is back in the acquisition game after having struck a $1 billion deal with Chesapeake Energy Corp. last week, CEO Douglas Miller said Monday. There are plenty of deals, and financing is available, he told analysts following the company.
July 9, 2013
Royalties Up More than 1,000% in Top Marcellus Counties
Rents and royalties reported on Pennsylvania income tax returns from 2006 to 2010 have increased 61% statewide, and 119% in counties with Marcellus Shale activity, according to a report by the Allegheny Institute for Public Policy (AIPP). Rent and royalty income for landowners and mineral rights owners in the state rose 34% in counties with no Marcellus activity.
June 12, 2013
NGVs Analyzed for Stirring NatGas Demand
With 35 states having created various levels of incentives for using natural gas in transportation and the Energy Information Administration (EIA) predicting gas use in transportation will grow 100% by 2017, the latest Barclays analysis of U.S. gas broke down some of the metrics and concluded that natural gas vehicles (NGV) on the road will have to swell 12-fold between 2011 and 2017 to meet the EIA prediction.
May 29, 2013
Most Challenges, Promise in Northeast, Says Williams Exec
No place in the entire world has better dry or wet gas potential than the Marcellus Shale, now “four years into a 50-year play,” but ensuring that there’s enough infrastructure for adequate takeaway will take some time, a top Williams executive said last week.
May 27, 2013
Ohio Surpasses 600 Permits Issued in Utica Shale
Regulators with the Ohio Department of Natural Resources (ODNR) passed a milestone in the Utica Shale last week, after having cumulatively issued more than 600 permits for horizontal wells targeting oil and natural gas.
April 19, 2013
Aurora: Downspacing Sweetening Sugarkane Field
Australia-based and Eagle Ford-focused Aurora Oil & Gas Ltd. said a downspacing pilot on its non-operated acreage in the Eagle Ford’s Sugarkane Field is yielding strong results and the company is planning 40-acre spacing on its recently acquired operated acreage in the play.
April 10, 2013
Southwestern Production Climbs, Especially in the Marcellus
Dry gas player Southwestern Energy Co. is having “success in a low gas-price environment,” not just surviving, said CEO Steve Mueller.
February 25, 2013
Marcellus: A Source for More NGVs?
Pennsylvania continues its support for natural gas use to power vehicles.
December 19, 2012
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