Rex Energy Corp. is joining the ranks of companies pursuing the Utica Shale of eastern Ohio. The State College, PA-based company recently acquired 11,000 net acres in Carroll County, OH, for an estimated $40 million and plans to continue acquiring acreage in preparation for a drilling program in 2012.
Profits
Articles from Profits
Rig Technology Demand Drives National Oilwell Varco Profits
National Oilwell Varco Inc. (NOV), the largest U.S. oilfield equipment manufacturer, on Tuesday posted higher than expected quarterly profits, in part on rig technology orders, which jumped 26% in the period.
July 27, 2011
Halliburton Profits Surge on North American Activity
North America’s onshore drilling activity continued to lift Halliburton in the second quarter, with profits up by 54% from a year earlier, the company reported Monday.
July 19, 2011
Two New Fractionators Planned for Mont Belvieu
The midstream sector continued to respond last week to producers’ thirst for natural gas liquids (NGL) profits with the announcement of two Gulf Coast projects to handle growing production and another that would increase transport of Rockies NGLs to the Gulf.
May 9, 2011
Cabot Grows Production But Profits Fall
Cabot Oil & Gas Corp. saw profits shrink but production rise in the first quarter compared to the year-ago period, the result of low natural gas prices combined with expansion of operations in the Marcellus and Eagle Ford shales.
May 2, 2011
Cabot Grows Production But Profits Fall
Cabot Oil & Gas Corp. saw profits shrink but production rise in the first quarter compared to the year-ago period, the result of low natural gas prices combined with expansion of operations in the Marcellus and Eagle Ford shales.
April 29, 2011
Baker Hughes CEO: North America Pressure Pumping ‘Sold Out’
Baker Hughes Inc. on Wednesday reported a surge in profits for the first quarter, boosted by a huge demand for oilfield services across U.S. and Canadian unconventional natural gas and oil plays.
April 28, 2011
Encana Nabs Duvernay Shale Acreage, Looks for More JVs
Encana Corp.’s latest quarterly profits took it on the chin because of low natural gas prices, but the Calgary producer is responding with a realignment by transferring proven gas shale technology to liquids plays, advertising for partners to share costs in gassy northeast British Columbia (BC), and quietly acquiring an oily leasehold in Alberta’s Duvernay Shale.
April 21, 2011
Kitimat, Permian Part of Apache’s 2011 Outlook
Reporting record profits for all of last year and record fourth quarter production, Apache Corp. senior executives Thursday painted a bullish outlook for this year that includes moving ahead with its newly acquired Kitimat liquefied natural gas (LNG) export project in western Canada and stepping up production of the Permian Basin assets it acquired from BP plc.
February 22, 2011
Kitimat, Permian Part of Apache’s 2011 Outlook
Reporting record profits for all of last year and record fourth quarter production, Apache Corp. senior executives last Thursday painted a bullish outlook for this year that includes moving ahead with its newly acquired Kitimat liquefied natural gas (LNG) export project in western Canada and stepping up production of the Permian Basin assets it acquired from BP plc.
February 21, 2011
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