Tag / Mcfe



PDC Energy Sells Assets to Focus on Utica, Wattenberg Plays

Denver-based PDC Energy Inc. has sold its Piceance and other mostly natural gas Colorado holdings to concentrate its drilling efforts in the Utica Shale in Ohio, along with Weld County’s Wattenberg field in Colorado.

February 11, 2013

Cabot Production Up as Marcellus Midstream Expands

Houston-based Cabot Oil & Gas Corp. grew its natural gas production by 31% and its liquids production 61% during the third quarter compared to year-ago levels, the company said. It credited much of the growth to the Marcellus Shale, where infrastructure constraints that delayed some wells during the second quarter have been overcome.

October 29, 2012

Private Equity Takes El Paso E&P in $7.15B Deal

A consortium of private equity investors is readying a $7.15 billion leveraged buyout of El Paso Corp.’s exploration and production (E&P) business, which includes an array of liquids-rich U.S. unconventional property that extends across Texas, Louisiana, the Raton Basin and the Rocky Mountains.

February 28, 2012

Chesapeake May Recoup $10-12B from Asset Sales, JVs

Chesapeake Energy Corp. on Monday unveiled a strategy to help fund its spending obligations this year, which may include the outright sale of its Permian Basin portfolio, as well as other asset sales and joint venture (JV) partnerships, that together could reap $10-12 billion.

February 14, 2012

Chesapeake Says Low Gas Prices May Alter 2012 Output

Two transactions completed late in 2011 have helped Chesapeake Energy Corp. achieve “substantial progress” toward a goal of reducing debt by 25% by the end of this year, the company said Tuesday.

January 5, 2012

XTO Sees 12% Mcfe Growth in ’03; Magnum Hunter Ups 4Q Guidance

XTO Energy Inc. said Monday it expects to grow its natural gas-heavy production base about 12% more than last year, with more than half of its development budget directed to East Texas activities. Meanwhile, Magnum Hunter Resources Inc. raised its week-old fourth quarter forecast, calling the previous estimate too conservative.

January 7, 2003

Vastar: Producing More, Earning Less

Despite record fourth-quarter production, Vastar Resourcesreported 1998 earnings that were down 43% from the previous year.Last year’s earnings were $136.4 million, compared to $240.5million in 1997.

January 21, 1999