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.
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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.
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.
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.
‘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.
‘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.
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).
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.
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.
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.