Portfolio

BP Delivers Best Upstream Results in Nearly Four Years

BP Delivers Best Upstream Results in Nearly Four Years

Fresh off a mega-acquisition in the Lower 48, BP plc on Tuesday delivered sharply higher second quarter profits, with the upstream delivering its strongest results in almost four years on both a replacement cost and underlying basis.

July 31, 2018

Smaller Companies Targeting Shallower Appalachia Formations

As the majors and other large oil and gas companies deploy up and down the Marcellus and Utica shales, a handful of smaller companies are targeting shallower formations like the Upper Devonian Shale, using hydraulic fracturing (fracking) at less expensive wells to achieve their own measure of success.

October 2, 2013

Status Quo ‘Not an Option,’ Says Encana Chief

Encana Corp., one of North America’s natural gas stalwarts, may be ready to slim down and sell some of its estimable dry gas portfolio to ready for the future, CEO Doug Suttles signaled on Thursday.

September 13, 2013

North America Onshore Boosted by Egypt Sale, Says Apache CEO

Apache Corp. late Thursday pulled off what many analysts had not thought probable, selling a one-third operational stake in strife-torn Egypt for $3.1 billion in cash to China’s Sinopec International Petroleum Exploration and Production Corp.

September 3, 2013

ConocoPhillips Barrels Ahead on Oil; Watching Gas Prices

ConocoPhillips is on track for a “new era of development” in the United States, fueled by a growing list of discoveries in the deepwater Gulf of Mexico (GOM) and a solid portfolio in some onshore unconventional plays, the exploration and production (E&P) chief said Thursday.

April 29, 2013

ConocoPhillips Barreling Ahead on Oil; Watching Gas Prices

ConocoPhillips is on track for a “new era of development” in the United States, fueled by a growing list of discoveries in the deepwater Gulf of Mexico (GOM) and a solid portfolio in some onshore unconventional plays, the exploration and production (E&P) chief said Thursday.

April 26, 2013

Cubic Picking Up Gastar East Texas Assets for $46M

Gastar Exploration Ltd. has agreed to sell its East Texas assets to Cubic Energy Inc. for $46 million and will redeploy capital to higher-return projects in the Marcellus Shale and Hunton Limestone. Meanwhile, Cubic views its acquisition as an entry point to the oil-rich Eagle Ford and Woodbine formations.

April 23, 2013

Krancer Mentioned as Possible Pennsylvania Supreme Court Nominee

Pennsylvania Gov. Tom Corbett is looking for a new secretary to lead the Department of Environmental Protection (DEP), but in a strange twist the outgoing secretary, Michael Krancer, is reportedly on a short list of names to replace a state Supreme Court justice who resigned Monday after being convicted on corruption charges.

March 28, 2013

Penn Virginia Grows Proved Oil, NGL Reserves

Six months after selling its Appalachian Basin portfolio to focus on the oily Eagle Ford Shale, Penn Virginia Corp. (PVA) said its operations in the latter were moving forward while proved reserves of oil and natural gas liquids (NGL) had increased during 2012.

January 31, 2013

Denbury Buys ConocoPhillips’ Cedar Creek Anticline Portfolio

ConocoPhillips is selling a package of properties in the Cedar Creek Anticline (CCA) of North Dakota and Montana to Denbury Resources Inc. for $1.05 billion cash.

January 16, 2013
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