Million

U.S. Onshore High-Spec Rig Market ‘Appreciably’ Tighter, Says PTEN

A steady, monthly improvement in Patterson-UTI Energy Inc.’s (PTEN) U.S. onshore rig count has been evident since May, with the company’s average in October expected to increase to 63 from 55 at the end of June, CEO Andy Hendricks said Thursday.

October 27, 2016
U.S. Onshore E&Ps Still Shying Away From Activity, Says Superior Energy Chief

U.S. Onshore E&Ps Still Shying Away From Activity, Says Superior Energy Chief

Houston-based completions specialist Superior Energy Services Inc. has seen a smattering of an upturn in U.S. onshore markets, but customers still are not inclined to boost activity levels, CEO David Dunlap said Tuesday.

October 27, 2016

Antero Sees Continued Benefits in 3Q From Firm Transportation Strategy

Appalachian pure-play Antero Resources Corp. turned in a strong third quarter, leveraging its firm transportation portfolio to move gas to more favorable pricing outside the basin and grow production 25% year/year.

October 27, 2016

Oasis to Acquire Assets in Williston For $785M, Announces Stock Offering

Williston pure-play operator Oasis Petroleum Inc. said it will acquire 55,000 net acres in the basin, including 226 gross operated drilling locations, from SM Energy Co. for $785 million. It plans to offer 40 million shares of common stock to help finance the deal.

October 18, 2016

Freeport-McMoRan Taking $742M For California Onshore Assets

Freeport-McMoRan Inc.’s (FCX) lofty goal to expand its oil and natural gas exploration unit has fallen to earth with a thud after the company announced another piece of its portfolio is being sold: the onshore California oil and natural gas properties.

October 14, 2016
RSP Permian Storms Into Delaware in $2.4B Deal For Silver Hill

RSP Permian Storms Into Delaware in $2.4B Deal For Silver Hill

West Texas pure-play RSP Permian Inc. is adding the Permian Basin’s Delaware formation to its stockpile in an estimated $2.4 billion cash and stock deal to acquire privately held Silver Hill Energy Partners LLC and its exploration unit.

October 14, 2016

Goodrich Emerges From Chapter 11 With Same Assets, Less Debt, New Board

Houston-based Goodrich Petroleum Corp. has emerged from bankruptcy protection with the same assets it had when it filed for Chapter 11 in April, but with reduced debt, a new board of directors and $40 million in new capital.

October 13, 2016

Frank’s International Bid For Well Specialist Blackhawk Designed to Increase ‘Rig Time’

Houston-based Frank’s International NV agreed Friday to buy crosstown well construction specialist Blackhawk Group Holdings Inc. in a transaction estimated to be worth $321 million.

October 7, 2016

Two Chesapeake Board Members Resign, Including Icahn Rep

Chesapeake Energy Corp. said two of its directors, including a representative of No. 2 investor Carl Icahn, resigned effective Monday, less than a week after Icahn reduced by half his stake in the Oklahoma City-based natural gas producer.

September 27, 2016

Dominion East Ohio Authorized to Spend More on Outdated Pipeline Replacement

The Public Utilities Commission of Ohio (PUCO) on Wednesday voted to extend Dominion East Ohio’s Pipeline Infrastructure Replacement Program (PIR), authorizing an increase in annual investments through 2021 and a cost-recovery charge for customers to cover them.

September 16, 2016
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