Privately held Antero Resources Corp., which has all of its chips in the Appalachian Basin, plans to raise $1 billion through an initial public offering (IPO) of some of its stock on the New York Stock Exchange, it said in a filing with the Securities and Exchange Commission (SEC). The operator also has increased capital spending plans for the year.
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Halliburton, Baker See U.S., Canada Upturn
Halliburton Co. and Baker Hughes Inc. are beginning to see an upturn in U.S. and Canadian oilfield services following a tumultuous three-year period, which witnessed a six-month moratorium in the deepwater Gulf of Mexico (GOM) and a frenzied shift in onshore drilling activity from natural gas fields to liquids targets.
Halliburton, Baker See Upturn in U.S., Canada
Halliburton Co. and Baker Hughes Inc. are beginning to see an upturn in U.S. and Canadian oilfield services following a tumultuous three-year period, which witnessed a six-month moratorium in the deepwater Gulf of Mexico (GOM) and a frenzied shift in onshore drilling activity from natural gas fields to liquids targets.
SM Energy’s Eagle Ford Matures as New Ventures Eyed
Around the middle of the year, SM Energy Co. management will have a clearer picture of how it will allocate its spending among a number of opportunities as it targets annual production growth of 15-20% over the next three years, executives said during a conference call Wednesday.
Shale Market Approaching ‘Guillotine Moment’
The torrent of natural gas production coming out of North America’s shale plays reminds Jim Duncan, chief analyst and commodity market strategist at ConocoPhillips Gas & Power, of the opening lines of “A Tale of Two Cities,” Charles Dickens’ epic novel of the French Revolution.
Natural Gas Drilling Continues Down in 1Q; Oil Completions Up
Natural gas drilling activity continued its downward slide during the first quarter, while oil well completions rose during the period, according to the American Petroleum Institute’s (API) quarterly well completion report issued this week.
Marcellus Midstream Cramps Gastar
Gastar Exploration Ltd. plans to suspend its Marcellus Shale capital program “for a short period” during the second half of the year while it monitors production results and allows time for constraints in midstream services to be worked out, CEO Russ Porter said last week.
Midstream Issues Cramp Gastar’s Style in the Marcellus
Gastar Exploration Ltd. plans to suspend its Marcellus Shale capital program “for a short period” during the second half of the year while it monitors production results and allows time for constraints in midstream services to be worked out, CEO Russ Porter said Tuesday.
SandRidge Shareholders to Consider Hedge Fund’s Board Candidates
Following a judge’s decision in favor of TPG-Axon Capital, SandRidge Energy Inc. on Tuesday cleared the way for shareholders to consider a slate of candidates proposed by the hedge fund to replace SandRidge’s entire board of directors.
Devon Quits EPA Program Charging Misuse of Emissions Data
Devon Energy Corp. is pulling out of a voluntary natural gas well emissions data gathering program run by the U.S. Environmental Protection Agency (EPA) saying the data has been “irresponsibly and inaccurately used to justify costly regulations” for unconventional drilling.