Onshore

BP plc is running 12 rigs in the U.S. onshore today, more than at any time since 2012, and the decision to restart development in some neglected basins has begun to show material improvement, CEO Bob Dudley said Tuesday.

ConocoPhillips hasn’t escaped the financial pressures from slack commodity prices, but the slowdown has proved to be an opportune time to continue improving individual wells in regions across its onshore unconventional fields in the Lower 48, a plan that is going to provide a good defense against lower prices in the future, a top executive said Monday.

Close to two-thirds of the onshore pipelines installed between now and 2019 will be to transport natural gas, with global spending rising modestly over the period, Douglas-Westwood (DW) researchers said Friday.

BHP Billiton Ltd., whose U.S. onshore portfolio has been slammed by misfires for more than two years, on Wednesday said it expected to write down $2.8 billion pretax, mostly for a natural gas-focused field in the Eagle Ford Shale.

U.S. shale oil breakevens have fallen by $20/bbl in one year and may decline more on field efficiencies, resulting in a duel with OPEC for market share, while the rest of the industry fights for relevance, according to Goldman Sachs.

U.S. shale oil breakevens have fallen by $20/bbl in one year and may decline more on field efficiencies, resulting in a duel with OPEC for market share…

To some observers, ExxonMobil Corp. has been a plodder in North America’s onshore, but as low commodity prices shut the door to some operators, the supermajor is ready to roar, with plans to double output from three key U.S. plays through 2017.

Anadarko Petroleum Corp. is cutting capital spending by one-third, dropping rigs and deferring well completions in response to low oil prices, CEO Al Walker said Tuesday.

Freeport-McMoRan Inc. is marketing up to $5 billion of onshore assets in the United States to concentrate resources on Gulf of Mexico opportunities, the company said Wednesday.