Anti-Fracking Fever Spreads to Colorado Politics

Anti-Fracking Fever Spreads to Colorado Politics

As further indication that the anti-hydraulic fracturing (fracking) fever is spreading in Colorado, a coalition of more than 40 organizations has called for Gov. John Hickenlooper to ask for a top state energy official’s resignation, and a U.S. congressman from the state has picked up the opposition fervor from his constituents and environmental groups.

August 1, 2013

Forest Oil Offering Texas Panhandle Properties

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.

July 16, 2013

Cuadrilla Stepping Up UK Bowland Basin Activity

Cuadrilla Resources Ltd. plans to hydraulically fracture (frack) and test the shale at its exploration well at Grange Hill in the UK’s Bowland Basin and intends to drill, frack and test gas flows at up to six new temporary well sites in the Borough of Fylde, in Lancashire, England, the company said Friday.

July 8, 2013
Wolfberry-Focused Independent Files for $345M IPO

Wolfberry-Focused Independent Files for $345M IPO

Fort Worth-based Athlon Energy Inc., which is focused on the Wolfberry play in the Permian Basin, has filed for an initial public offering (IPO) expected to be worth $345 million.

June 7, 2013
Halcon: ‘Progress On All Fronts,’ But Earnings Miss

Halcon: ‘Progress On All Fronts,’ But Earnings Miss

Halcon Resources Corp. is still figuring out the Utica/Point Pleasant play while it is making progress on well completions in the Bakken/Three Forks and adding acreage to its recently announced East Texas Eagle Ford play, CEO Floyd Wilson said Thursday.

May 3, 2013
Hedge Fund Forces Power Shift at SandRidge

Hedge Fund Forces Power Shift at SandRidge

After months of haggling, hedge fund TPG-Axon Capital, which owns 7.3% of outstanding SandRidge Energy Inc. shares, has gained at least a portion of the changes it had urged at the Oklahoma City-based company, and it stands poised to remove CEO Tom Ward or take control of the board of directors.

March 22, 2013

Magnum Hunter to Drill Utica Test Wells

Magnum Hunter Resources Corp. intends to drill at least four Utica Shale test wells in Ohio this year, the Houston-based independent exploration and production company said Tuesday.

January 23, 2013

Chesapeake Revamping Corporate Governance, Reining in McClendon

Chesapeake Energy Corp.’s share price had fallen more than 4% in afternoon trading Tuesday following news a day earlier to revamp corporate governance and rein in spending and compensation. Among other things, CEO Aubrey McClendon won’t receive a bonus for 2012 and some of his perquisites have been cut.

January 9, 2013
‘Attractive Prices’ Lead Atlas to Add to Barnett Leasehold

‘Attractive Prices’ Lead Atlas to Add to Barnett Leasehold

Atlas Resource Partners LP (ARP) has picked up its third big leasehold this year in the Barnett Shale by agreeing to pay $255 million to DTE Energy Co. for an affiliate that owns close to 35 million boe of proved reserves in the Fort Worth Basin and in the Marble Falls, TX, area.

November 21, 2012

Forest Oil Unloads East Texas Eagle Ford Gathering for $34M

One month after announcing that it was abandoning a potential partnership strategy to help develop its Eagle Ford Shale acreage in favor of a “go-it-alone plan,” Denver-based Forest Oil Corp. said it has entered into an agreement to sell the majority of its East Texas natural gas gathering assets to a subsidiary of Tristate Midstream II LLC for proceeds of $34 million.

August 21, 2012
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