Metrics

U.S. oil and natural gas reserves grew in 2014 by an average of 11% year/year, but that was before commodity prices took a big tumble, according to Fitch Ratings.

Forest Oil Corp. has struck an agreement with Schlumberger that the company said will allow it to accelerate development of its Eagle Ford Shale acreage.

Matador Resources Co. is moving forward with its plan to target the wet gas and oil-prone Eagle Ford Shale of South Texas this year while ramping down development of its dry gas Haynesville Shale acreage in North Louisiana, the Dallas-based company said Tuesday.

Chesapeake Energy Corp. said in a regulatory filing Friday that it may have to delay some of the planned oil and natural gas asset sales this year, which could up be to $14 billion, because low natural gas prices may stretch its ability to comply with credit covenants.

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.

Power companies should have no problem refinancing maturing debt in the near-term despite the current credit crunch, given the improvement in the sector over the past couple of years, according to a new report issued by Standard & Poor’s (S&P).

Even with political alignment and the right economic metrics, the movement of Arctic natural gas to the Lower 48 states faces the challenge of pipe manufacturing limitations that should prevent the proposed Alaska and Canadian (Mackenzie Delta) pipeline projects being developed concurrently, a Houston-based Chevron executive told an industry audience in Los Angeles Wednesday.