production

Chesapeake Energy Corp., one of the biggest deal makers in the U.S. energy patch, has secured more funding for its onshore exploration and production program after it agreed to sell its natural gas pipeline gathering system in the Marcellus Shale to an affiliate for $865 million, analysts said.

MarkWest Energy Partners LP has closed on its acquisition of partner The Energy and Minerals Group’s (EMG) 49% stake in MarkWest Liberty Midstream & Resources LLC.

The backers of multiple U.S. projects to liquefy and export domestic gas have all pointed to robust production coming from shale plays as the reason for their plans. The latest proposal by Cheniere Energy Inc. singles out the Eagle Ford Shale as a source of gas to be liquefied.

The finance chiefs at U.S. exploration and production companies appear more optimistic about the prospects of accessing capital in the coming year, but they remain concerned about volatility in the global economy, according to a survey by consultant BDO USA LLP.

The finance chiefs at U.S. exploration and production companies appear more optimistic about the prospects of accessing capital in the coming year, but they remain concerned about volatility in the global economy, according to a survey by consultant BDO USA LLP.

SM Energy Co. and Mitsui & Co. Ltd. unit Mitsui E&P Texas LP have closed their acquisition and development agreement (ADA), giving Mitsui E&P a 12.5% working interest in SM Energy’s nonoperated Eagle Ford Shale acreage.

The low price of natural gas may be keeping producers up at night, but it’s helping some Pennsylvania consumers sleep easier.

Williams took decisive action to build its estimable U.S midstream operations last week ahead of its spinoff of the exploration and production (E&P) unit after entering negotiations to buy a Marcellus Shale system.

Producers in the Eagle Ford Shale of South Texas are having to take the bad with the good. The good: abundant oil and liquids-rich gas production in an era of very low dry gas prices. The bad: a dearth of infrastructure to handle the play’s robust output.