Steep declines in North American drilling activity, especially in the Rocky Mountains, Permian Basin and Midcontinent, pushed down Halliburton’s 1Q2009 earnings from a year ago and forced a 12% reduction to its U.S. and Canadian workforce, the CEO said Monday. Separately, Raymond James & Associates Inc. said it now anticipates more declines in U.S. drilling through 2009.
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Articles from Mountains
Wyoming’s Pinnacle Sells Gas Assets to Raise Cash
Pinnacle Gas Resources Inc., a junior explorer that focuses on coalbed methane (CBM) resources in the Rocky Mountains, has sold some undeveloped acreage and gas gathering assets in Wyoming for $3.2 million. Some of the proceeds will be used to pay down debt.
Bentek: REX Cargoes Could Erode Marcellus Value
Later this year Gulf of Mexico region gas supplies will have a new nemesis in the form of gas from the Rocky Mountains as the final legs of the Rockies Express Pipeline (REX) reach Lebanon, OH, in June and then Clarington, OH, in November, according to Bentek Energy LLC.
Bentek: REX Completion to Be Felt at Henry Hub
Later this year Gulf of Mexico region gas supplies will have a new nemesis in the form of gas from the Rocky Mountains as the final legs of the Rockies Express Pipeline (REX) reach Lebanon, OH, in June and then Clarington, OH, in November, according to Bentek Energy LLC.
Barrett Waits Out Well Completions for Higher Gas Prices, Lower Costs
The swift drop in the natural gas drilling rig count across the Rocky Mountains has led to double-digit declines for some drilling services, and more are expected in the months ahead, Bill Barrett Corp. officials said Tuesday. Lower service costs will help the independent keep its costs in line, but it also is preparing for what may be “radical” changes in gas prices through the year, said CEO Fred Barrett.
Bill Barrett Defers Well Completions Until Prices Rise, Costs Decline
The swift drop in the natural gas drilling rig count across the Rocky Mountains has led to double-digit declines for some drilling services, and more are expected in the months ahead, Bill Barrett Corp. officials said Tuesday. Lower service costs will help the independent keep its costs in line, but it also is preparing for what may be “radical” changes in gas prices through the year, said CEO Fred Barrett.
Ruby Pipeline’s Carbon-Neutral Design Called Industry First
El Paso Corp.’s push to secure approval for its proposed Ruby Pipeline, which would carry natural gas supplies from the Rocky Mountains to West Coast markets, appears to be coming at an opportune time environmentally, and in certain respects, politically.
Ruby Pipeline’s Carbon-Neutral Design Called Industry First
El Paso Corp.’s push to secure approval for its proposed Ruby Pipeline, which would carry natural gas supplies from the Rocky Mountains to West Coast markets, appears to be coming at an opportune time environmentally, and in certain respects, politically.
Frigid Forecasts Induce Price Gains at Most Points
With Friday’s predicted lows ranging from sub-zero to the teens and 20s from the Rocky Mountains through the Plains and Midwest into much of the inland Northeast, the surge of heating load was able to rally prices at a solid majority of points Thursday. Cash gas got a small extra boost from the prior-day advance of 3 cents by January futures, which ended a six-session losing streak for the Nymex contract.
Chesapeake Looks To Sell Rockies, Woodford Shale Assets
Chesapeake Energy Corp. is looking for buyers for three sets of properties throughout the Rocky Mountains and another leasehold in the Woodford Shale of Oklahoma.