Antero Resources LLC, the Appalachian Basin-focused powerhouse powered by private equity giant Warburg Pincus, said last week net production in 1Q2013 jumped 114% year/year and increased 21% sequentially, primarily driven by 24 new wells brought online in the Marcellus Shale.
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Antero’s Marcellus-Focused Output Triples
Antero Resources LLC, the Appalachian Basin-focused powerhouse powered by private equity giant Warburg Pincus, said Monday net production in 1Q2013 jumped 114% year/year and increased 21% sequentially, primarily driven by 24 new wells brought online in the Marcellus Shale.
Permian Lifts Devon’s Output; Drilling Oil-Focused
Onshore unconventional powerhouse Devon Energy Corp. plans to spend “significantly less” on exploration in 2013, but exploration activity still will remain at 2012 levels, CEO John Richels said last week.
Permian Lifts Devon’s Production Numbers
Onshore unconventional powerhouse Devon Energy Corp. plans to spend “significantly less” on exploration in 2013, but exploration activity still will remain at 2012 levels, CEO John Richels said Wednesday.
Energy Transfer Completes Southern Union Merger
Energy Transfer Equity LP (ETE) brought Southern Union Co. (SUG) under the ETE banner on Monday, completing a mega merger that creates a midstream powerhouse with more than 44,000 miles of interstate natural gas pipelines and an estimated 30.7 Bcf/d of transportation capacity.
Statoil Increases Position in Marcellus
Norwegian energy powerhouse Statoil ASA on Friday said it would buy another 59,000 net acres in the Marcellus Shale from Chesapeake Energy Corp., which has been its partner in the play since 2008.
Statoil Increases Position in Marcellus
Norwegian energy powerhouse Statoil ASA on Friday said it would buy another 59,000 net acres in the Marcellus Shale from Chesapeake Energy Corp., which has been its partner in the play since 2008.
ExxonMobil’s Tillerson: Hydrofracing Key to Merger with XTO Energy
The head of ExxonMobil Corp. Wednesday told a House Energy and Commerce subcommittee that its pending $41 billion merger with unconventional gas powerhouse XTO Energy Inc. would be called off if Congress takes any action to limit or restrict the use of hydraulic fracturing (hydrofracing) in the prolific shale gas plays.
ExxonMobil’s XTO Deal Lifts North American Gas Prospects
ExxonMobil Corp. advanced the cause for North American natural gas last week after agreeing to pay $41 billion to acquire unconventional gas powerhouse XTO Energy Inc.
ExxonMobil Lifts Unconventional Gas Profile in $41B Deal with XTO
ExxonMobil Corp. advanced the cause for North American natural gas Monday after agreeing to pay $41 billion to acquire unconventional gas powerhouse XTO Energy Inc.