Powerhouse

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.

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.

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 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.

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.

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.

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 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 Corp. advanced the cause for North American natural gas Monday after agreeing to pay $41 billion to acquire unconventional gas powerhouse XTO Energy Inc.