As much as the energy industry's investments in technology are shaping the 21st Century, operators continue to struggle under the weight of policies that are products of 1970s thinking, ExxonMobil Corp. CEO Rex Tillerson said Tuesday.
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U.S. Policymakers Still Regulating Oil, Gas Like 1970s, Says ExxonMobil Chief
As much as the energy industry’s investments in technology are shaping the 21st Century, operators continue to struggle under the weight of policies that are products of 1970s thinking, ExxonMobil Corp. CEO Rex Tillerson said Tuesday.
Analysts Still See Downside; May Called A Penny Lower
May natural gas is expected to open a penny lower Friday morning at $2.67 as observers question Thursday's gains in light of current fundamentals. Overnight oil markets eased.
Analysts Still See Downside; May Called A Penny Lower
May natural gas is expected to open a penny lower Friday morning at $2.67 as observers question Thursday’s gains in light of current fundamentals. Overnight oil markets eased.
S&P Cuts 2015 Natural Gas Price Assumptions by 75 Cents
Standard & Poor’s Ratings Services (S&P) on Thursday lowered its Henry Hub natural gas price assumption to $2.75/MMBtu in 2015, down 75 cents from a forecast in January.
U.S. E&Ps Arming For Spring Bank Redeterminations
The pain for U.S. exploration and production (E&P) companies may not be over as commercial banks begin their spring borrowing base redeterminations, which have the potential to reduce debt limits and begin a wave of restructuring, analysts with Raymond James & Associates said Monday.
Marathon, EOG Hunker Down, Cutting CapEx, Rigs
Two Houston-based major players in the Eagle Ford and Bakken shale plays said Thursday they are further cutting back on operations this year in light of the oil price crash.
North America Oil to ‘Loom Even Larger’ on Global Stage as Prices Strengthen, Says IEA
The oil market’s price correction may pause the North American supply “party,” but it won’t bring it to an end as the roaring 2020s kick off an era of even more abundance than earlier forecast, the International Energy Agency (IEA) said Tuesday.
North America’s Majors, Independents Bare Knuckled as Earnings Season Begins
The plunge in oil prices, and a lack of support from the natural gas complex, should result in sober forecasts as North America’s producers discuss their expectations for 2015 during upcoming quarterly conference calls. Prognosticators, however, see little reason for optimism until late 2016.
Antero Boosted 4Q Production, Added Hedges
Antero Resources Corp. exited 2014 with production averaging a little more than 1 Bcfe/d, exceeding the midpoint of its guidance and demonstrating that it is positioned to handle the downturn in commodity prices, at least through the first part of this year.