Independents

While oil and natural gas producers, particularly independents, would disagree, Interior Secretary Ken Salazar last Wednesday said that proposed onshore and offshore fees and taxes in the Obama administration’s budget for fiscal year (FY) 2011 “are not going to put anybody out of business.”

While oil and natural gas producers, particularly independents, would disagree, Interior Secretary Ken Salazar Wednesday said that proposed onshore and offshore fees and taxes in the Obama administration’s budget for fiscal year (FY) 2011 “are not going to put anybody out of business.”

While oil and natural gas producers, particularly independents, would disagree, Interior Secretary Ken Salazar Wednesday said that proposed onshore and offshore fees and taxes in the Obama administration’s budget for fiscal year (FY) 2011 “are not going to put anybody out of business.”

It may work well for other independents to set up joint venture (JV) agreements to help defray the costs of drilling natural gas prospects, but don’t look for Range Resources Corp. to take that step anytime soon, CEO John Pinkerton said last week.

It may work well for other independents to set up joint venture (JV) agreements to help defray the costs of drilling natural gas prospects, but don’t look for Range Resources Corp. to take that step anytime soon, CEO John Pinkerton said Wednesday.

It may work well for other independents to set up joint venture (JV) agreements to help defray the costs of drilling natural gas prospects, but don’t look for Range Resources Corp. to take that step anytime soon, CEO John Pinkerton said Wednesday.

The updated reserves reporting rules enacted by the Securities and Exchange Commission (SEC) for U.S. exploration and production (E&P) companies may prove a struggle for independents in choosing whether to be aggressive with their bookings versus a more conservative approach, particularly when booking proved undeveloped (PUD) locations, analysts said Thursday.

The updated reserves reporting rules for U.S. exploration and production (E&P) companies enacted by the Securities and Exchange Commission (SEC) may prove a struggle for independents in choosing whether to be aggressive with their bookings versus a more conservative approach, particularly when booking proved undeveloped (PUD) locations, analysts said Thursday.

Capital expenditures (capex) may have been cut and commodity prices aren’t cooperating, but production at some of the largest U.S.-based independents grew in 2Q2009 from the year-ago period and sequentially from the first three months of this year, according to separate analyses.