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Permian Remains Oxy’s Brightest Star in Oil Patch Dark Days

Houston-based Occidental Petroleum Corp. (Oxy) senior executives have chosen to stay focused on their game plan and the company’s brightest star, the Permian Basin in West Texas and New Mexico.

May 6, 2016

Noble Energy Raises Output Forecast by 4% as DJ, Permian Performance Jumps

Houston-based Noble Energy Inc. during the first three months of this year delivered cost reductions across the board, while its U.S. natural gas-rich production, led by the Denver-Julesburg (DJ) and Permian basins, outperformed.

May 6, 2016

Rice Energy’s Midstream Footprint Expands During 1Q

Rice Energy Inc. and its affiliates continued to expand their midstream operations in the Appalachian Basin during the first quarter, with throughput in Ohio increasing 309% and in Pennsylvania 50% compared to year-ago levels.

May 6, 2016
Continental Charts Production Record, Boosts Guidance, But Posts 1Q Loss

Continental Charts Production Record, Boosts Guidance, But Posts 1Q Loss

For the second time this year Continental Resources Inc. executives raved about the performance of three wells targeting the Meramec formation within Oklahoma’s stacked reservoirs. But despite record production, the company also reported a net loss of more than $198 million for the first quarter.

May 6, 2016

‘Politics’ Drove Constitution Permit Denial, Says Williams CEO

Despite an infrastructure permitting setback in New York state and a stalled (at least for now) merger with another major midstream player, Williams and Williams Partners LP reported stronger adjusted earnings for the first quarter.

May 5, 2016

‘Politics’ Drove Constitution Permit Denial, Says Williams CEO

Despite an infrastructure permitting setback in New York state and a stalled (at least for now) merger with another major midstream player, Williams and Williams Partners LP reported stronger adjusted earnings for the first quarter.

May 5, 2016
NFG Continues to Curtail Marcellus Volumes on Low Prices

NFG Continues to Curtail Marcellus Volumes on Low Prices

An unseasonably warm winter across its service territory and low commodity prices during the fiscal year (FY) second quarter, drove down earnings and prompted more natural gas curtailments in Pennsylvania for National Fuel Gas Co (NFG).

May 3, 2016

Despite Quarterly Loss, Range Buoyed by Ethane Exports, Reaffirmed Credit Line

Despite reporting a more than $91 million loss in the first quarter, executives with Range Resources Corp. waxed optimistic after the company became the first from North America to export ethane to Europe, and all of its lenders reaffirmed its existing $3 billion credit facility.

May 3, 2016

Enbridge Rethinking NatGas Business on Low Prices, Volumes

Low natural gas prices and producer pullbacks have Enbridge Energy Partners LP (EEP) rethinking the future of its natural gas business.

May 3, 2016

North America to Lead Oil, Gas Recovery, Says Halliburton CEO

The recovery hasn’t arrived yet, but when it does, North America will be leading the charge, Halliburton Co. CEO Dave Lesar said Tuesday.

May 3, 2016