Riverton, WY-based U.S. Energy Corp. (USEC) said Monday it has acquired producing assets in the Bakken and Three Forks shale plays in North Dakota for $2.5 million, giving the small exploration and production (E&P) company minority interests in up to 23 drilling units with an estimated 307,000 boe in proved oil reserves.
Keith
Articles from Keith
Fourth Company Considering West Virginia for Ethane Cracker
A fourth company is considering plans to build an ethane cracker in West Virginia, according to state Commerce Secretary Keith Burdette.
Fourth Company Eyeing West Virginia for Ethane Cracker
A fourth company is considering plans to build an ethane cracker in West Virginia, according to state Commerce Secretary Keith Burdette.
Questar: Forward Curve Smiles on Future Production
Dismal gas prices and a charge for Rockies basis hedges took their toll on Questar Corp. in the first quarter, but CEO Keith Rattie said the company is “weathering the storm” as he looks to a Nymex forward curve that “remains in steep contango” and growing production that will be worth a lot more as the economy and gas market recover.
Questar: Forward Curve Promises Better Days
Dismal gas prices and a charge for Rockies basis hedges took their toll on Questar Corp. in the first quarter, but CEO Keith Rattie said the company is “weathering the storm” as he looks to a Nymex forward curve that “remains in steep contango” and growing production that will be worth a lot more as the economy and gas market recover.
XTO Sees U.S. Gas Output Falling 3-5% in 2009
The rapid decline of the U.S. natural gas rig count — especially in the prolific Barnett Shale — points to a 3-5% drop in total U.S. volumes by the end of 2009, XTO Energy CEO Keith Hutton said Thursday.
XTO CEO: U.S. Gas Output May Fall 3-5% in 2009
The rapid decline of the U.S. natural gas rig count — especially in the prolific Barnett Shale — points to a 3-5% drop in total U.S. volumes by the end of 2009, XTO Energy CEO Keith Hutton said Thursday.
Questar: Midcontinent Returns Beat Rockies
Noting that investors tend to view his company’s exploration and production (E&P) unit as a Rockies play, Questar Corp. CEO Keith Rattie said next year the unit will take its capital out of the Rockies and spend it where returns are more attractive, namely northwestern Louisiana and western Oklahoma.
Questar Stepping Back From Rockies for Midcontinent
Noting that investors tend to view his company’s exploration & production (E&P) unit as a Rockies play, Questar Corp. CEO Keith Rattie said next year the unit will take its capital out of the Rockies and spend it where returns are more attractive, namely northwestern Louisiana and western Oklahoma.
Questar CEO: REX Pipe Won’t Solve Rockies Basis Problem
The Rockies Express Pipeline (REX) will give producers an avenue to carry natural gas supplies to eastern markets, but Questar Corp. CEO Keith Rattie said his company will remain “cautious” about basis prices in the region over the next few years –at least until another pipeline is built.