Lucrative

Chesapeake Attempts to Pare Short-Term Debt

Stung by low natural gas prices and the slower-than-anticipated turnaround to more lucrative liquids targets, Chesapeake Energy Corp. is selling $2.3 billion in senior notes in three separate series due in 2016, 2021 and 2023 to pare more expensive debt that matures this year.

March 20, 2013

Halliburton CEO: Natural Gas Not ‘Activity Driver’ This Year

Last year proved challenging for the North American oilfield sector, as operators moved rigs from natural gas to more lucrative liquids targets and an overcapacity in pressure pumping continued to impact margins. This year won’t be much better, Halliburton Co.’s management team said Friday.

January 28, 2013

Halliburton CEO: Natural Gas Not ‘Activity Driver’

Last year proved challenging for the North American oilfield sector, as operators moved rigs from natural gas to more lucrative liquids targets and an overcapacity in pressure pumping continued to impact margins. This year won’t be much better, Halliburton Co.’s management team said Friday.

January 28, 2013

TransCanada Pipeline Project Targets Montney Gas

Five years from now, Montney Shale gas could have a pathway to the British Columbia (BC) west coast and potentially lucrative Asian gas markets via a C$5 billion pipeline project announced by TransCanada Corp. on Wednesday.

January 10, 2013
Pioneer Pulling Up Stakes in the Barnett Shale

Pioneer Pulling Up Stakes in the Barnett Shale

Pioneer Natural Resources Co. is pursuing the divestment of its Barnett Shale properties in order to focus on more lucrative plays.

September 7, 2012

Study Aims to Give Regional Businesses a Crack at Marcellus Shale Boom

Drawing up a blueprint for regional companies that want to capture the lucrative business opportunities brought on by rampant Marcellus Shale oil and natural gas development in Pennsylvania, University of Pittsburgh researchers this month released a Pitt Business Working Paper titled “Understanding the Marcellus Shale Supply Chain.”

June 13, 2012

BP Plans Sale of Lucrative TNK-BP Stake

BP plc officials said Friday they intend to sell the company’s lucrative stake in TNK-BP, which is owned equally with Russia’s Alfa Access Renova (AAR), a group of Russian billionaires.

June 4, 2012

ETP Diversifies Business With $5.3B Sunoco Acquisition

Energy Transfer Partners LP’s (ETP) latest acquisition is intended to grow the partnership’s pipeline footprint, not in natural gas but in the far more lucrative crude oil and natural gas liquids (NGL). The focus on oil and liquids is a sign of the times as ETP intends to convert some gas pipelines to crude oil service. It’s not the only midstream player planning to re-purpose gas pipelines, a consultant pointed last week, suggesting that there are more conversions to come.

May 7, 2012

Energy Transfer Looks to Liquids with Sunoco Buy

Producers have eschewed dry gas in favor of more lucrative oil and liquids-rich production, and midstream operators are following them. Energy Transfer Partners LP (ETP) is buying Sunoco Inc. for $5.3 billion in a deal intended give it oil and liquids business and a presence in the Marcellus Shale.

May 1, 2012

News Report: Landowners Torn in Shale Regions

On the ground, the shale boom is a mixed bag as rural landowners weigh the alternatives of securing lucrative royalties at the cost of their land being part of an oil/gas industrial push that critics contend is threatening local environments and public water supplies. The Los Angeles Times last Sunday profiled the dilemma through a feature on two brothers with dairy farms in the rich Marcellus Shale in western New York.

February 22, 2012
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