Continental Resources Inc. CEO Harold Hamm said he would use asset sales and reduce activity in the Midcontinent, including the Springer Shale, to pare down long-term debt, which stood at $6.56 billion at the end of June.
Articles from Increase
Helmerich & Payne Raises Capex on Customer Call for Upgraded Rigs
U.S. land rig margins increased on average by more than $800/day for Helmerich & Payne Inc. (H&P) during the fiscal third quarter on increased utilization and demand for super-specification rigs.
U.S. Sees Sharp Natural Gas, Oil Drilling Increase in 2Q2017, Says API
The American Petroleum Institute (API) reported this week that the estimated total number of oil and natural gas wells drilled and completed during the second quarter increased 62% from the year-ago quarter.
EIA Reports Crude Oil Exports Trending Higher This Year
Crude oil exports have inched upward this year, reaching the highest monthly level on record of 1.1 million b/d in February, the Energy Information Administration (EIA) said Tuesday.
Dallas Fed Reports Rising Oil, Natural Gas Activity, But Slowdown from First Quarter
Oil and natural gas activity in Texas, northern Louisiana and southern New Mexico increased during the second quarter, albeit at a slightly slower pace than early this year, according to the latest energy survey by the Dallas branch of the Federal Reserve Bank (Fed).
Jobs ‘Gone to Texas’ Once Again on Renewed Optimism in Oil, Natural Gas Patch
A rising rig count and increased oil and gas spending are again spurring Texas employment, with the energy sector leading job growth in the state during May.
Stronger North Dakota Oil, NatGas Production Stats Spur ‘Happy Talk’
North Dakota’s chief energy regulator on Tuesday called the latest oil and natural gas production numbers “happy, happy, happy,” despite continuing low commodity prices.
July Natural Gas, Oil Output to Edge Higher in Lower 48’s Big Seven Plays, EIA Says
Natural gas and oil production out of the nation’s seven most prolific unconventional plays is expected to continue its relentless push higher in July, according to data from the Energy Information Administration (EIA).
NatGas, Coal Are Silver Lining As West Virginia Wades Through Budget Impasse
In the midst of a historic budget impasse, West Virginia’s severance tax collections have again provided a glimmer of light, as higher natural gas prices and more coal sales in May helped push state revenue 20% above projections to $350.4 million.
Enable Launches Anadarko Basin NatGas Project; Gathered Volumes Rose During Q1
Enable Midstream Partners LP on Wednesday announced a new Anadarko Basin rich gas takeaway project called Project Wildcat.