The Utica Shale could be more profitable than the Marcellus Shale, but it could also prove to be more challenging, a Consol Energy Inc. executive suggested at a conference in Pittsburgh on Thursday.
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Banker: Contrarians Should Think Conventional
Breakeven shale play economics in a low-gas price environment have driven a migration to liquids-rich and oil plays. “Being in liquids is not only cool; it’s profitable,” an investment banker said in Houston last week. “You can produce gas even if you don’t make money on the gas because the liquids are worth so much more.” But maybe now is the time to be a contrarian, she suggested.
Banker: Savvy Contrarians Should Think Conventional
Breakeven shale play economics in a low-gas price environment have driven a migration to liquids-rich and oil plays. “Being in liquids is not only cool; it’s profitable,” an investment banker said in Houston Tuesday. “You can produce gas even if you don’t make money on the gas because the liquids are worth so much more.” But maybe now is the time to be a contrarian, she suggested.
El Paso: Eagle Ford Value Worth Developing Alone
El Paso Corp. has decided to go solo to develop its profitable Eagle Ford Shale acreage, scuttling plans to take on a joint venture (JV) partner.
El Paso: Eagle Ford Value Worth Developing Alone
El Paso Corp. has decided to go it alone in developing its profitable Eagle Ford Shale acreage and has scuttled plans to take on a joint venture (JV) partner.
ConocoPhillips Priorities: Oily Shales, Oilsands, LNG
To advance more profitable North American shale and oilsands projects, as well as Australian liquefied natural gas (LNG) plans, ConocoPhillips said last week it will sell up to $20 billion of its properties over the next two years, double the amount it set for sale in late 2009.
ConocoPhillips Priorities: Oily Shales, Oilsands, LNG
To advance more profitable North American shale and oilsands projects, as well as Australian liquefied natural gas (LNG) plans, ConocoPhillips will sell up to $20 billion of its properties over the next two years, double the amount it set in late 2009.
Gas and Coal — They Go Together, Says Consol Energy
Consol Energy Inc. and Dominion announced a deal last week that will catapult Consol Energy to the “largest, most profitable Appalachian gas producer” and put it in the upper tier of unconventional gas reserves holders.
El Paso Wants to Close Gap Between Intrinsic Value, Share Price
El Paso Corp. last week reported its fourth straight profitable quarter, the longest stretch since 2000, but the news received a mixed reaction from analysts and shareholders.
El Paso’s Earnings Report Draws Mixed Reaction
El Paso Corp. reported its fourth straight profitable quarter on Tuesday, the longest stretch since 2000, but the news received a mixed reaction from analysts and shareholders.